1. Saudi Arabia Stocks

  2. •

    Technology

  3. •

    Information Technology Services
Elm Company

Elm Company

7203.SR
Elm CompanySA flagSaudi Exchange
662.00
SAR
-1.50
- -
51.54BMarket Cap
Elm Company
7203.SR
(Saudi Exchange)

Recent

price

662.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
39.63
38.51
42.04
49.32
49.33
59.13
75.93
95.33
121.62
104.51
Revenue per Share
- -
7.37
7.29
6.14
6.13
7.31
11.94
17.46
23.51
26.86
26.78
Basic EPS, GAAP
- -
13.46
9.12
3.03
11.76
6.5
19.93
17.82
18.42
29.97
9.84
Free Cash Flow per Basic Share
- -
7.66
7.52
0.52
0.67
- -
4.98
6
7.5
8.5
7.5
Dividend per Share
- -
23.06
23.75
29.69
35.89
35.5
41.12
52.8
71.12
49.63
45.27
Book Value per Share
- -
22.35
23.57
29.82
43.02
34.08
36.81
50.04
67.22
43.31
39.48
Tangible Book Value per Share
- -
50
50
50
50
78
78
78
78
78
78
Basic Weighted Avg Shares
- -
1,982
1,926
2,102
2,466
3,828
4,606
5,898
7,407
9,465
8,123
Sales/Revenue/Turnover
- -
18.69
18.66
14.3
14.42
16.27
22.16
23.28
23.53
22.05
23.76
Operating Margin (%)
- -
68
68
87
112
116
120
120
199
254
181
Depreciation Expense
- -
369
364
307
307
567
930
1,356
1,827
2,090
2,081
Net Income, GAAP
- -
- -
- -
- -
17.65
12.6
9.08
7.95
6.5
2.14
1.63
Effective Tax Rate (%)
- -
18.6
18.92
14.61
12.43
14.81
20.19
22.99
24.66
22.09
25.62
Profit Margin (%)
946
979
1,056
1,319
1,895
2,408
2,580
3,472
4,634
4,196
3,864
Working Capital
- -
- -
- -
119
102
87
71
212
481
2,064
2,086
LT Debt
1,195
1,178
1,212
1,510
2,234
2,810
3,047
3,995
5,293
3,621
3,265
Total Equity
- -
33.17
34.33
24.03
15.61
21.58
30.58
32.49
30.52
32.04
33.4
Return on Invested Capital (%)
- -
31.75
31.24
22.21
17.58
23.87
30.5
35.77
35.58
34.88
37.25
Return on Capital (%)
- -
31.74
31.14
22.99
18.7
24.92
31.22
37.13
37.95
44.53
50.06
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
85
79
477
LT Borrowings
- -
- -
1,520
LT Finance Leases
481
486
566
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
78
78
78
Market Capitalization
86,632
75,365
77,842

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
8,027
8,111
8,316
Cash, Cash Equivalents & STI
4,157
3,957
2,893
Accounts Receivable, Net
1,810
1,845
1,941
Inventories
- -
- -
- -
Total Current Liabilities
3,393
3,298
4,451
Payables & Accruals
- -
- -
- -
ST Debt
85
79
477
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
13.25%
-31.59%
Free Cash Flow
- -
49.85%
62.99%
Net Income, GAAP
- -
48.78%
14.42%
Sales/Revenue/Turnover
- -
31.39%
27.79%
Total Cash Common Dividend
- -
- -
13.47%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,639
1,767
1,872
2,129
7,407
2025
1,877
2,245
2,808
- -
9,465
2026
2,472
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.44
6.26
6.41
- -
23.51
2025
6.38
7.58
- -
- -
26.86
2026
8.43
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4
- -
3.5
- -
7.5
2025
4
- -
- -
- -
8.5
2026
4.5
- -
- -
- -
- -
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Business
Elm Company (7203.SR) is a leading Saudi Arabian provider of secure digital solutions and information technology services to government entities, private sector companies, and individuals. Founded in 1988 and headquartered in Riyadh, Saudi Arabia, the company operates through its subsidiaries in three primary segments: Digital Business, which offers ready-made technological solutions, portals, electronic applications, and integrated digital platforms including the Absher platform and Nusuk Platform; Business Process Outsourcing, encompassing call center management, human resources services, catering, passenger transport, and inspection services; and Professional Services, including system analysis, software maintenance, cybersecurity, financial technology solutions, data analysis, artificial intelligence consultancy, and research and development. Elm also provides customized IT solutions such as communications facilities management, web design, marketing services, tourist reservations, and pilgrim reception services; it serves clients primarily in Saudi Arabia with expanding operations domestically and internationally. Owned by the Public Investment Fund, Elm listed on the Saudi Exchange's Main Market in February 2022 following its initial public offering. Recent developments include the April 2025 acquisition of Thiqah Business Services for SAR 3.4 billion from the Public Investment Fund to enhance integration and profitability in IT services; partnerships signed at LEAP 2025 with Salam Telecom and Klues.AI for digital transformation initiatives, as well as a preliminary term sheet to raise ownership in Smart National Solutions to 40%; a March 2025 Shariah-compliant SAR 1.9 billion facility agreement with Saudi National Bank; a 2024 memorandum of understanding with France's Numeryx Technologies; and the launch of its five-year 'Elm 4.0' strategy in 2024 focused on growth through 2028.