Al ELM Information Security Company CJSC (7203) Fair Value & Analysis
Technology · SA · Market cap 52.6B SAR (≈ $14.0B) · ISIN SA15GG53GHH3
What is Al ELM Information Security Company CJSC really worth?
A strong business, but trading 16% above our fair value of 531.13 SAR.
Strengths
Risks
For context
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 21 days ago
Fair value updated Aug 13, 2026, revised from 467.55 SAR to 531.13 SAR (+13.6%) since Jul 31, 2026. Share price −3.0% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The model range is unusually wide (395.81 SAR to 1,306 SAR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- The price sits in the lower half of our model range, the side with the larger margin of safety.
- The data supports the verdict: every model runs on fully documented inputs.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
55‑month range 156.44 SAR – 1,229 SAR · fair‑value band 395.81 SAR – 1,306 SAR · the 613.50 SAR price screens above the 531.13 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Al ELM Information Security Company CJSC (7203) currently trades at 613.50 SAR, while our model-based Fair Value estimate is 531.13 SAR, implying the stock looks roughly 15.5% overvalued today. The Quality Score stands at 75/100 (high quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of 1,004 SAR per share, and 15 of the 26 models we run sit above the 613.50 SAR price. Bear case: the Dividend Discount group reads lowest at 136.71 SAR, and 11 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Al ELM Information Security Company CJSC generated revenue of 10.1B SAR at a net margin of 22.4%. Revenue grew 31.7% year over year. It earns a return on equity of 47.7%. Net debt stands at 791M SAR. Fundamentals as of Aug 13, 2026
Our scenario range runs from 395.81 SAR (bear case) to 1,306 SAR (bull case); at 613.50 SAR, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 36% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 69% fair-value upside, at −13%, 7203 screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 13.37 SAR per share, which is 2.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: Growth Earnings (1,004 SAR) versus Asset-Based (31.16 SAR). Highest evidence: FCF DCF (75).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 73 · Market factors (momentum, volatility) 42
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Elm Company, together with its subsidiaries, provides information security services in Saudi Arabia. It operates through Digital Business, Business Process Outsourcing, and Professional Services segments.
Full company description
Elm Company, together with its subsidiaries, provides information security services in Saudi Arabia. It operates through Digital Business, Business Process Outsourcing, and Professional Services segments. The company provides integrated technology business solutions; advisory and professional services in data analysis and artificial intelligence; installation, maintenance, and support services; consultation services; computer system programming and consultancy; information technology services; data processing; and website hosting services. It also engages in the establishment, development, operation, and management of communications and information technology facilities; management of call and service centers; investment activities; and retail sale of information and communication equipment in specialized stores. In addition, the company offers system analysis; software maintenance and web page design; customer service; financial technology solutions; cybersecurity; research and development; bus transport of passengers between cities; catering; inspection services for systems; marketing services; reservation services for tourist accommodation units; and reception and farewell services for pilgrims. Further, it designs and programs software; develops applications; establishes infrastructure for hosting websites on the Internet; exchanges credit information; manages and operates data information centers; imports, develops, sell, and maintains hardware, software, information systems, and communication networks; and provides sites for buying and selling through the Internet, as well as training and workforce development services. The company was formerly known as Al-ELM Information Security Company. Elm Company was incorporated in 1988 and is based in Riyadh, Saudi Arabia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Al ELM Information Security Company CJSC reported revenue of 9.5B SAR in FY2025 versus 3.8B SAR in FY2021, a compound +25.4%/yr. Reported net income was 2.1B SAR in FY2025, compounding +38.6%/yr from FY2021.
7203 screens 16% overvalued. Compare with International Business Machines Corporation →
Peer Group
Information Technology Services · 497 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Information Technology Services median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| International Business Machines Corporation IBM | $235.59 | $175.76 | −25% |
| Accenture plc ACN | $189.61 | $334.27 | +76% |
| Tata Consultancy Services Limited TCS | ₹2,302 | ₹3,473 | +51% |
| Infosys Limited INFY | ₹1,156 | ₹1,958 | +69% |
| HCL Technologies Limited HCLTECH | ₹1,282 | ₹1,722 | +34% |
| Fiserv, Inc FI | C$5.13 | C$8.07 | +57% |
| Wipro Limited WIT | $1.83 | $3.51 | +92% |
| Fidelity National Information Services, Inc FIS | $41.34 | $19.28 | −53% |
| Cognizant Technology Solutions Corporation CTSH | $64.04 | $132.01 | +106% |
| Capgemini SE CAP | €109.45 | €222.79 | +104% |
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