Maharah Human Resources Co (1831) fair value: what the stock is really worth
We calculate from audited financials what Maharah Human Resources Co is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range 2.90 SAR – 58.17 SAR · fair‑value band 3.26 SAR – 9.54 SAR · the 4.34 SAR price screens below the 5.15 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
Maharah for Human Resources Company engages in the provision of manpower services for the public and private sectors in Saudi Arabia and the United Arab Emirates. The company operates through three segments: Corporate, Individual, and Facilities Management.
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Maharah for Human Resources Company engages in the provision of manpower services for the public and private sectors in Saudi Arabia and the United Arab Emirates. The company operates through three segments: Corporate, Individual, and Facilities Management. It offers recruitment, labor, and logistics services, as well as monthly, elite, and hourly services to individuals. The company was formerly known as Maharah Recruitment Company and changed its name to Maharah for Human Resources Company in April 2017. Maharah for Human Resources Company was incorporated in 2013 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.
Stock analysis
Maharah Human Resources Co (1831) currently trades at 4.34 SAR, while our model-based Fair Value estimate is 5.15 SAR, implying the stock looks roughly 15.7% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 11.32 SAR per share, and 17 of the 26 models we run sit above the 4.34 SAR price.
Bear case: the Asset-Based group reads lowest at 1.03 SAR, and 9 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 3.26 SAR (bear) to 9.54 SAR (bull), the price of 4.34 SAR sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 65/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Maharah Human Resources Co reported revenue of 3.1B SAR in FY2025 versus 1.3B SAR in FY2021, a compound +23.9%/yr. Reported net income was 273M SAR in FY2025, compounding +17.1%/yr from FY2021.
Key figures
Market cap 3.1B SAR (≈ $813M) · P/E ratio 8.5 · P/S ratio 0.75 · EPS (TTM) 0.5100 SAR · Dividend yield 3.6% · Net margin 8.8% · Return on equity 37.7% · Return on assets (EBIT) 8.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
For context, the median of 10 Industrials peers we cover trades at 7% fair-value upside, at 19%, 1831 screens cheaper than that median.
Fair Value models
Bear 3.26 SARFair Value 5.15 SARBull 9.54 SAR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.2507 SAR per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+39.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+17.1%
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+17.9%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
−28.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−32.5%
Dividend (yield on the price)3.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−33% vs −4%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.13% → 5%
2025 sits 140% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+12.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+9.9%
Yearly sales growth analysts expect, extended to five years.
Compare Maharah Human Resources Co with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Staffing & Employment Services · 86 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Maharah Human Resources Co Fair Value". https://www.fairvalue-calculator.com/stock/1831
Frequently asked questions
Is Maharah Human Resources Co (1831) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 5.15 SAR versus a price of 4.34 SAR, about +19% upside (undervalued).
What is the fair value of 1831?
Our model-based fair value for Maharah Human Resources Co is 5.15 SAR (as of Sep 13, 2026), built from audited fundamentals. The current price: 4.34 SAR.
What is the quality score of 1831?
Maharah Human Resources Co has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Maharah Human Resources Co (1831)?
Our model-based price target is the fair value of 5.15 SAR (as of Sep 13, 2026) from 26 valuation models. Cautious scenario 3.26 SAR, optimistic scenario 9.54 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Maharah Human Resources Co stock forecast for 2026?
Our models put fair value at 5.15 SAR, about +19% upside versus a price of 4.34 SAR (undervalued). Cautious scenario 3.26 SAR, optimistic scenario 9.54 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Maharah Human Resources Co (1831)?
Maharah Human Resources Co reported trailing-twelve-month revenue of about 3.3B SAR (latest available figure, as of Sep 13, 2026).
Does Maharah Human Resources Co pay a dividend?
Maharah Human Resources Co currently shows a dividend yield of about 3.64% relative to its recent price (as of Sep 13, 2026).
What growth is priced into Maharah Human Resources Co (1831)?
For today's price to be fair in a discounted-cash-flow model, Maharah Human Resources Co would have to grow free cash flow by +12.9 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +17.1 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of 1831 use?
Our models discount Maharah Human Resources Co at 10.3 %: a base by market capitalisation (small), damped by beta 0.24, country premium for Saudi Arabia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Maharah Human Resources Co that is +12.9 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Maharah Human Resources Co (1831) delivered so far?
Over the past 5 years revenue at Maharah Human Resources Co grew +17.1 % a year. The price currently implies +12.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Maharah Human Resources Co (1831) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Maharah Human Resources Co (+12.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Maharah Human Resources Co (1831)?
The free-cash-flow yield on the price is 4.65 %: that much free cash flow Maharah Human Resources Co produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Maharah Human Resources Co (1831)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Maharah Human Resources Co it is 5.15 SAR per share (as of Sep 13, 2026), against a price of 4.34 SAR. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Maharah Human Resources Co stock overvalued or undervalued in 2026?
As of Sep 13, 2026, 1831 trades below its calculated fair value: price 4.34 SAR, fair value 5.15 SAR, a gap of about +19% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 1831?
No. The price is what the market pays today (4.34 SAR); the fair value is what the company's own numbers justify (5.15 SAR). For Maharah Human Resources Co the two are 0.8100 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Maharah Human Resources Co worth?
The market values Maharah Human Resources Co at about 3.1B SAR (market capitalisation, as of Sep 13, 2026). Per share that is 4.34 SAR; our models calculate a fair value of 5.15 SAR per share.
What do the bullish and bearish scenarios say about 1831?
Our models span a range for Maharah Human Resources Co: cautious scenario 3.26 SAR, base 5.15 SAR, optimistic 9.54 SAR per share (as of Sep 13, 2026, price 4.34 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1831?
Maharah Human Resources Co trades at a price-to-earnings ratio of 8.5 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 5.15 SAR is built from several models across several years. Other multiples: P/B 0.9, P/S 0.2, EV/EBITDA 3.8.
How solid is the balance sheet of Maharah Human Resources Co (1831)?
Balance-sheet figures for Maharah Human Resources Co (as of Sep 13, 2026): return on equity 37.7%, debt of 0.26 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
Which stocks are comparable to Maharah Human Resources Co?
From the same area (Industrials) we also value Adecco Group, Korn Ferry,, Robert Half Inc, TriNet Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Maharah Human Resources Co stock attractive at the current price?
The data as of Sep 13, 2026: price 4.34 SAR, calculated fair value 5.15 SAR (+19%), Quality Score 65/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 1831 calculated?
We run Maharah Human Resources Co through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 5.15 SAR, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5 % above its aggregate fair value. Maharah Human Resources Co currently trades 19 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Maharah Human Resources Co (1831)?
The closing price on Sep 17, 2026 was 4.34 SAR. Our model-based fair value is 5.15 SAR, about +19% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Maharah Human Resources Co right now?
The model range is unusually wide (3.26 SAR to 9.54 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.
Where does the earnings growth of Maharah Human Resources Co (1831) come from?
Earnings per share at Maharah Human Resources Co grew −10.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.0 %, EBIT margin −13.3 %, tax rate −0.3 %, residual (interest, one-offs) +2.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Maharah Human Resources Co
How large is the market capitalisation of Maharah Human Resources Co (1831)?
The market capitalisation of Maharah Human Resources Co is 3.1B SAR (≈ $813M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Maharah Human Resources Co (1831)?
The price-to-sales ratio of Maharah Human Resources Co is 0.75 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Maharah Human Resources Co (1831)?
Earnings per share at Maharah Human Resources Co are 0.5100 SAR (price ÷ EPS = P/E 8.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Maharah Human Resources Co (1831)?
The dividend yield of Maharah Human Resources Co is 3.6% (payout 31.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Maharah Human Resources Co (1831)?
The net margin of Maharah Human Resources Co is 8.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Maharah Human Resources Co (1831)?
The return on equity (ROE) of Maharah Human Resources Co is 37.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Maharah Human Resources Co (1831)?
On an EBIT basis the return on assets of Maharah Human Resources Co is 8.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Maharah Human Resources Co (1831)?
The operating margin of Maharah Human Resources Co is 8.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Maharah Human Resources Co (1831)?
Revenue at Maharah Human Resources Co is growing +29.9% versus a year earlier (3y avg +22.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Maharah Human Resources Co (1831)?
Earnings per share at Maharah Human Resources Co are growing +41.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Maharah Human Resources Co (1831) carry?
The net debt of Maharah Human Resources Co is 239M SAR (fiscal year 2025, ≈ 2.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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