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Saudi Manpower Solutions Company (1834) Fair Value & Analysis

Industrials · SA · Market cap 2.5B SAR

SM Saudi Manpower Solutions Company 1834 · SR
Price6.23 SAR
Fair Value6.14 SAR
Upside-1.4%
Quality68/100
Healthy Growth
Thin margins · 7.4% net margin
generates free cash flow
4.31% dividend yield
Ranks above peers (10/13)
Moderate moat 58/100
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Evidence: High Range 4.22 SAR – 8.48 SAR Share as image

Fair value as of: Jul 31, 2026

From 25 valuation models · updated today

Share price −1.1% over the past month.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (4.22 SAR to 8.48 SAR) leaves room in how you read the outcome.

Price vs Fair Value (12 months)

6.47 SAR 4.81 SAR Fair Value 6.14 SAR Aug 2025 Jul 2026

12‑month range 4.81 SAR – 6.47 SAR · fair‑value band 4.22 SAR – 8.48 SAR · the 6.23 SAR price screens above the 6.14 SAR fair value. As of Jul 31, 2026.

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Analysis

Saudi Manpower Solutions Company (1834) currently trades at 6.23 SAR, while our model-based Fair Value estimate is 6.14 SAR, implying the stock looks roughly 1.4% fairly valued today. We read business quality at 68/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Saudi Manpower Solutions Company generated revenue of 2.2B SAR at a net margin of 7.4%. Revenue grew 11.9% year over year. It earns a return on equity of 26.2%. The balance sheet holds a net cash position of 9.4M SAR. Fundamentals as of Jul 31, 2026

Our scenario range runs from 4.22 SAR (bear case) to 8.48 SAR (bull case); at 6.23 SAR, the current price sits within that range. The share trades about 5% below its 52-week high and 31% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 6% fair-value upside, at -1%, 1834 screens richer than that median.

Key figures & financial health

Revenue (TTM) 2.2B SAR
Revenue growth (YoY) +11.9%
Net margin 7.4%
Return on equity 26.2%
Free cash flow 144M SAR FY2025
P/E ratio 15.5
More key figures
Operating margin 9.2%
EPS (TTM) 0.4000 SAR
Dividend yield 4.3%
EPS growth (YoY) +20.0%
Net cash 9.4M SAR FY2025

Figures from reported company fundamentals · as of Jul 31, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100
Profitability 68
Quality Growth 47
Cashflow 50
Fin. Strength 79
Investment 78
Low Volatility 89
Momentum 50
52W Momentum 61
Net Issuance 82

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

Saudi Manpower Solutions Company provides recruitment, manpower, and logistics services and support solutions to workers, government, and private sectors in the Kingdom of Saudi Arabia. It operates through Corporate, Individual, logistic, and Other segments.

Full company description

Saudi Manpower Solutions Company provides recruitment, manpower, and logistics services and support solutions to workers, government, and private sectors in the Kingdom of Saudi Arabia. It operates through Corporate, Individual, logistic, and Other segments. The company offers expatriate labor, Saudi labor, corporate labor, residential labor, hourly cleaning, goods storage, accommodation, transportation, call center, wholesale prepaid cards, custom software programming, network and communications management and monitoring, IT hosting infrastructure, and private account investment services. It serves constructions, healthcare, hospitality, logistics, oil and gas, other Sectors. The company was founded in 2012 and is headquartered in Riyadh, the Kingdom of Saudi Arabia. Saudi Manpower Solutions Company is a subsidiary of Al Holoul Almutakamela Holding Company.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Saudi Manpower Solutions Company reported revenue of 2.1B SAR in FY2025 versus 1.7B SAR in FY2021, a compound +5.1%/yr. Reported net income was 151M SAR in FY2025, compounding +0.0%/yr from FY2021.

Revenue +5.1%/yr
FY21 1.7B SAR
FY22 1.8B SAR
FY23 1.8B SAR
FY24 1.9B SAR
FY25 2.1B SAR
Net income +0.0%/yr
FY21 150M SAR
FY22 150M SAR
FY23 166M SAR
FY24 126M SAR
FY25 151M SAR

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Cite: Fair Value Calculator (2026). "Saudi Manpower Solutions Company Fair Value". https://www.fairvalue-calculator.com/stock/1834

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.

VALUE 31 / 39
FUTURE 60 / 0
PAST 100 / 30
HEALTH 0 / 95
DIVIDEND 86 / 64

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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 Jul 31, 2026).

Stock Price Fair Value vs Fair Value
Randstad N.V RAND €27.23 €27.08 -1%
Adecco Group AHEXF $17.25 $29.51 +71%
Korn Ferry, KFY $71.35 $75.35 +6%
Robert Half Inc R1HI34 R$151.95 R$142.24 -6%
TriNet Group TNET $46.64 $71.78 +54%
ManpowerGroup Inc MAN $31.33 $23.76 -24%
Insperity, Inc NSP $36.22 $17.34 -52%
Open Up Group BNXYF $12.38 $19.25 +55%
McMillan Shakespeare Limited MMS A$19.30 A$11.38 -41%
Grupa Pracuj S.A GPP 46.40 PLN 61.93 PLN +33%

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Frequently asked questions

Is Saudi Manpower Solutions Company (1834) overvalued or undervalued?
As of Jul 31, 2026, our model estimates a fair value of 6.14 SAR versus a price of 6.23 SAR, about −1% (fairly valued).
What is the fair value of 1834?
Our model-based fair value for Saudi Manpower Solutions Company is 6.14 SAR (as of Jul 31, 2026), built from audited fundamentals. The current price is 6.23 SAR.
What is the quality score of 1834?
Saudi Manpower Solutions Company has a Quality Score of 68/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Saudi Manpower Solutions Company (1834)?
Saudi Manpower Solutions Company reported trailing-twelve-month revenue of about 2.2B SAR (latest available figure, as of Jul 31, 2026).
What is the net profit margin of 1834?
The net profit margin of Saudi Manpower Solutions Company is about 7.4%, meaning it keeps roughly 7.4% of revenue as net income. Based on the latest reported figures.
Does Saudi Manpower Solutions Company pay a dividend?
Saudi Manpower Solutions Company currently shows a dividend yield of about 4.31% relative to its recent price (as of Jul 31, 2026).

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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