Maharah for Human Resources Company (1831) Fair Value & Analysis
Industrials · SA · Market cap 3.1B SAR
Fair value as of: Aug 4, 2026
From 26 valuation models · updated today
Share price +6.8% over the past month.
A solid business, screening 29% undervalued on our models.
What matters now
- The model range is unusually wide (3.50 SAR to 9.54 SAR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 4, 2026.
How to read this chart
60‑month range 2.90 SAR – 58.17 SAR · fair‑value band 3.50 SAR – 9.54 SAR · the 5.36 SAR price screens below the 6.92 SAR fair value. Dashed = 300-day average. As of Aug 4, 2026.
Analysis
Maharah for Human Resources Company (1831) currently trades at 5.36 SAR, while our model-based Fair Value estimate is 6.92 SAR, implying the stock looks roughly 29.1% undervalued today. We read business quality at 62/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Maharah for Human Resources Company generated revenue of 3.3B SAR at a net margin of 8.8%. Revenue grew 29.9% year over year. It earns a return on equity of 37.7%. Net debt stands at 239M SAR. Fundamentals as of Aug 4, 2026
Our scenario range runs from 3.50 SAR (bear case) to 9.54 SAR (bull case); at 5.36 SAR, the current price sits within that range. For context, the median of 10 Industrials peers we cover trades at 16% fair-value upside, at 29%, 1831 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.
All 26 models by family
Widest divergence: Growth Earnings (11.07 SAR) versus Asset-Based (1.03 SAR). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 4, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 56
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.
About the company
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Maharah for Human Resources Company 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.
Watch 1831: get an alert when its fair value changes →
Peer Group
Staffing & Employment Services · 88 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 Staffing & Employment Services median · lower = cheaper
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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Staffing & Employment Services stocks, each showing price versus our Fair Value estimate (as of Aug 4, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Adecco Group ADEN | CHF 20.46 | CHF 23.73 | +16% |
| Korn Ferry, KFY | $78.61 | $114.56 | +46% |
| Robert Half Inc RHI | $36.70 | $22.10 | -40% |
| TriNet Group TNET | $57.56 | $70.85 | +23% |
| ManpowerGroup Inc MAN | $39.02 | $29.67 | -24% |
| Insperity, Inc NSP | $49.48 | $17.34 | -65% |
| FESCO Group 600861 | ¥12.64 | ¥45.46 | +260% |
| Grupa Pracuj S.A GPP | 47.40 PLN | 65.45 PLN | +38% |
| Barrett Business Services, Inc BBSI | $37.43 | $38.42 | +3% |
| Kforce Inc KFRC | $55.49 | $31.93 | -42% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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