Financials Elm Company

Equities

7203

SA15GG53GHH3

IT Services & Consulting

Market Closed - Saudi Arabian S.E. Other stock markets 08:20:04 2024-05-26 am EDT			5-day change	1st Jan Change
855.2 ^SAR	+1.52%		-0.67%	+4.93%

May. 19	Elm Company Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
May. 17	Williams-Sonoma Likely Gained Market Share in First Quarter Despite Industry Headwinds, Wedbush Says	MT

Valuation

Fiscal Period: December	2022	2023	2024	2025	2026
Capitalization ¹	25,763	63,323	65,452	-	-
Enterprise Value (EV) ¹	25,763	63,323	65,452	65,452	65,452
P/E ratio	28.5 x	48.1 x	41.3 x	34.4 x	29.5 x
Yield	0.9%	0.49%	1.03%	1.35%	1.77%
Capitalization / Revenue	5.59 x	10.7 x	9.23 x	7.76 x	6.84 x
EV / Revenue	5.59 x	10.7 x	9.23 x	7.76 x	6.84 x
EV / EBITDA	22.8 x	42.2 x	36 x	29.8 x	26.3 x
EV / FCF	16.2 x	43.2 x	41.9 x	30.6 x	25.6 x
FCF Yield	6.19%	2.31%	2.39%	3.27%	3.9%
Price to Book	-	16.3 x	13.6 x	11 x	9.08 x
Nbr of stocks (in thousands)	77,600	77,697	77,697	-	-
Reference price ²	332.0	815.0	842.4	842.4	842.4
Announcement Date	3/12/23	3/10/24	-	-	-

¹SAR in Million²SAR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	3,828	4,606	5,898	7,092	8,436	9,566
EBITDA ¹	-	1,129	1,500	1,820	2,199	2,492
EBIT ¹	-	1,009	1,351	1,633	1,997	2,291
Operating Margin	-	21.91%	22.91%	23.03%	23.68%	23.95%
Earnings before Tax (EBT) ¹	-	1,023	1,473	1,768	2,169	2,488
Net income ¹	566.9	930	1,356	1,631	1,956	2,281
Net margin	14.81%	20.19%	22.99%	23%	23.19%	23.85%
EPS ²	-	11.63	16.95	20.38	24.46	28.52
Free Cash Flow ¹	-	1,595	1,466	1,563	2,138	2,552
FCF margin	-	34.62%	24.85%	22.04%	25.35%	26.68%
FCF Conversion (EBITDA)	-	141.24%	97.72%	85.9%	97.24%	102.41%
FCF Conversion (Net income)	-	171.47%	108.1%	95.83%	109.31%	111.86%
Dividend per Share ²	-	3.000	4.000	8.644	11.41	14.93
Announcement Date	3/16/22	3/12/23	3/10/24	-	-	-

¹SAR in Million²SAR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q3	2022 Q4	2023 Q2	2023 Q3	2023 Q4	2024 Q1
Net sales ¹	1,167	1,308	1,404	1,521	1,685	1,639
EBITDA ¹	303.6	-	409.4	361.1	-	385.3
EBIT ¹	272.9	227	377.2	323	-	334
Operating Margin	23.37%	17.35%	26.87%	21.23%	-	20.38%
Earnings before Tax (EBT)	-	-	-	-	-	-
Net income ¹	273.4	212	372.8	334.2	326.6	345
Net margin	23.42%	16.21%	26.55%	21.98%	19.38%	21.05%
EPS ²	3.420	2.660	-	-	4.080	4.440
Dividend per Share	-	-	-	-	-	-
Announcement Date	11/9/22	3/12/23	8/10/23	11/5/23	3/10/24	5/12/24

¹SAR in Million²SAR

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow ¹	-	1,595	1,466	1,563	2,138	2,552
ROE (net income / shareholders' equity)	-	31.8%	38.5%	36.6%	36%	35.5%
ROA (Net income/ Total Assets)	-	16.6%	19.2%	19.4%	19.1%	19.3%
Assets ¹	-	5,609	7,061	8,407	10,242	11,851
Book Value Per Share ²	-	-	49.90	61.90	76.50	92.80
Cash Flow per Share	-	-	-	-	-	-
Capex ¹	-	112	92.8	121	132	138
Capex / Sales	-	2.42%	1.57%	1.71%	1.56%	1.45%
Announcement Date	3/16/22	3/12/23	3/10/24	-	-	-

¹SAR in Million²SAR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Elm Company

Trading Rating

Investor Rating

ESG Refinitiv

C+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

842.4 SAR

Average target price

877.9 SAR

Spread / Average Target

+4.21%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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