Tamkeen Human Resources Company (1835) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Tamkeen Human Resources Company SAR 81.05, price SAR 43.18, upside +87.7%, quality 72 out of 100. Calculated from audited financials with 26 valuation models and 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 27, 2026.
How to read this chart
22‑month range 42.78 SAR – 70.14 SAR · fair‑value band 34.99 SAR – 126.69 SAR · the 43.18 SAR price screens below the 81.05 SAR fair value. Dashed = 300-day average. As of Sep 27, 2026.
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Tamkeen Human Resources Company provides labor recruitment and manpower services in the Kingdom of Saudi Arabia. The company offers labor and logistics services and support for public and private sectors, domestic workers, and local contracting, as well as services related to sponsorship transfer.
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Tamkeen Human Resources Company provides labor recruitment and manpower services in the Kingdom of Saudi Arabia. The company offers labor and logistics services and support for public and private sectors, domestic workers, and local contracting, as well as services related to sponsorship transfer. It also engages in mediating the recruitment of human resources. Tamkeen Human Resources Company was incorporated in 2018 and is headquartered in Riyadh, Saudi Arabia.
Stock analysis
Tamkeen Human Resources Company (1835) currently trades at 43.18 SAR, while our model-based Fair Value estimate is 81.05 SAR, implying the stock looks roughly 46.7% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of 125.60 SAR per share, and 10 of the 13 models we run sit above the 43.18 SAR price.
Bear case: the Asset-Based group reads lowest at 8.89 SAR, and 3 of the 13 models stay below the price. Evidence for this calculation is high.
Scenario range: 34.99 SAR (bear) to 126.69 SAR (bull), the price of 43.18 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 72/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Tamkeen Human Resources Company reported revenue of 1.0B SAR in FY2025 versus 359M SAR in FY2021, a compound +29.7%/yr. Reported net income was 95.1M SAR in FY2025, compounding +15.5%/yr from FY2021.
Key figures
Market cap 1.3B SAR (≈ $349M) · P/E ratio 12.0 · P/S ratio 1.13 · EPS (TTM) 3.59 SAR · Dividend yield 5.9% · Net margin 9.4% · Return on equity 26.5% · Return on assets (EBIT) 15.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 29% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 14% fair-value upside, at 88%, 1835 screens cheaper than that median.
Fair Value models
Bear 34.99 SARFair Value 81.05 SARBull 126.69 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 (0.7807 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+40.5%
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.
+33.5%
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.
+27.4%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
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.
+23.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.7%
Dividend (yield on the price)5.9%
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.15% → 10%
2025 sits 59% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
+0.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Saudi Arabia: IMF forecast 2.1% a year to 2030, 1.7% from 2016 to 2025) that is about −1.6% a year for the price.
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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 · 80 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). "Tamkeen Human Resources Company Fair Value". https://www.fairvalue-calculator.com/stock/1835
Frequently asked questions
Is Tamkeen Human Resources Company (1835) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 81.05 SAR versus a price of 43.18 SAR, about +88% upside (undervalued).
What is the fair value of 1835?
Our model-based fair value for Tamkeen Human Resources Company is 81.05 SAR (as of Sep 27, 2026), built from audited fundamentals. The current price: 43.18 SAR.
What is the quality score of 1835?
Tamkeen Human Resources Company has a Quality Score of 72/100. 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 Tamkeen Human Resources Company (1835)?
Our model-based price target is the fair value of 81.05 SAR (as of Sep 27, 2026) from 13 valuation models. Cautious scenario 34.99 SAR, optimistic scenario 126.69 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Tamkeen Human Resources Company stock forecast for 2026?
Our models put fair value at 81.05 SAR, about +88% upside versus a price of 43.18 SAR (undervalued). Cautious scenario 34.99 SAR, optimistic scenario 126.69 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Tamkeen Human Resources Company (1835)?
Tamkeen Human Resources Company reported trailing-twelve-month revenue of about 1.0B SAR (latest available figure, as of Sep 27, 2026).
Does Tamkeen Human Resources Company pay a dividend?
Tamkeen Human Resources Company currently shows a dividend yield of about 5.91% relative to its recent price (as of Sep 27, 2026).
What growth is priced into Tamkeen Human Resources Company (1835)?
For today's price to be fair in a discounted-cash-flow model, Tamkeen Human Resources Company would have to grow free cash flow by +0.5 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +27.4 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of 1835 use?
Our models discount Tamkeen Human Resources Company at 11.8 %: a base by market capitalisation (small), 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 Tamkeen Human Resources Company that is +0.5 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Tamkeen Human Resources Company (1835) delivered so far?
Over the past 5 years revenue at Tamkeen Human Resources Company grew +27.4 % a year. The price currently implies +0.5 % 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 Tamkeen Human Resources Company (1835) growing?
The median revenue growth in the sector is +5.5 % a year. That is the yardstick for the growth priced into Tamkeen Human Resources Company (+0.5 % 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 Tamkeen Human Resources Company (1835)?
The free-cash-flow yield on the price is 8.46 %: that much free cash flow Tamkeen Human Resources Company produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tamkeen Human Resources Company (1835)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tamkeen Human Resources Company it is 81.05 SAR per share (as of Sep 27, 2026), against a price of 43.18 SAR. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Tamkeen Human Resources Company stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 1835 trades below its calculated fair value: price 43.18 SAR, fair value 81.05 SAR, a gap of about +88% (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 1835?
No. The price is what the market pays today (43.18 SAR); the fair value is what the company's own numbers justify (81.05 SAR). For Tamkeen Human Resources Company the two are 37.87 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Tamkeen Human Resources Company worth?
The market values Tamkeen Human Resources Company at about 1.3B SAR (market capitalisation, as of Sep 27, 2026). Per share that is 43.18 SAR; our models calculate a fair value of 81.05 SAR per share.
What do the bullish and bearish scenarios say about 1835?
Our models span a range for Tamkeen Human Resources Company: cautious scenario 34.99 SAR, base 81.05 SAR, optimistic 126.69 SAR per share (as of Sep 27, 2026, price 43.18 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1835?
Tamkeen Human Resources Company trades at a price-to-earnings ratio of 12.0 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 81.05 SAR is built from several models across several years. Other multiples: P/B 3.7, P/S 1.3, EV/EBITDA 10.9.
How solid is the balance sheet of Tamkeen Human Resources Company (1835)?
Balance-sheet figures for Tamkeen Human Resources Company (as of Sep 27, 2026): return on equity 26.5%. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is 1835 from its 52-week high?
Tamkeen Human Resources Company trades at 43.18 SAR, about 29% below its 52-week high of 60.61 SAR and 1% above the low of 42.78 SAR (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of 81.05 SAR is for.
Which stocks are comparable to Tamkeen Human Resources Company?
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 Tamkeen Human Resources Company stock attractive at the current price?
The data as of Sep 27, 2026: price 43.18 SAR, calculated fair value 81.05 SAR (+88%), Quality Score 72/100, from 13 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 1835 calculated?
We run Tamkeen Human Resources Company through 13 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 81.05 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 14.7 % above its aggregate fair value. Tamkeen Human Resources Company currently trades 47 % 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 Tamkeen Human Resources Company (1835)?
The closing price on Sep 30, 2026 was 43.18 SAR. Our model-based fair value is 81.05 SAR, about +88% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tamkeen Human Resources Company right now?
The rarer combination: high quality (72/100) AND below fair value. That earns a closer look rather than a quick verdict. The model range is unusually wide (34.99 SAR to 126.69 SAR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of Tamkeen Human Resources Company
How large is the market capitalisation of Tamkeen Human Resources Company (1835)?
The market capitalisation of Tamkeen Human Resources Company is 1.3B SAR (≈ $349M). 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 Tamkeen Human Resources Company (1835)?
The price-to-sales ratio of Tamkeen Human Resources Company is 1.13 (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 Tamkeen Human Resources Company (1835)?
Earnings per share at Tamkeen Human Resources Company are 3.59 SAR (price ÷ EPS = P/E 12.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tamkeen Human Resources Company (1835)?
The dividend yield of Tamkeen Human Resources Company is 5.9% (payout 71.0%). 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 Tamkeen Human Resources Company (1835)?
The net margin of Tamkeen Human Resources Company is 9.4% (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 Tamkeen Human Resources Company (1835)?
The return on equity (ROE) of Tamkeen Human Resources Company is 26.5% (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 Tamkeen Human Resources Company (1835)?
On an EBIT basis the return on assets of Tamkeen Human Resources Company is 15.1% (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 Tamkeen Human Resources Company (1835)?
The operating margin of Tamkeen Human Resources Company is 9.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tamkeen Human Resources Company (1835)?
Revenue at Tamkeen Human Resources Company is growing +9.6% versus a year earlier (3y avg +33.5%). 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 Tamkeen Human Resources Company (1835)?
Earnings per share at Tamkeen Human Resources Company are growing +0.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Tamkeen Human Resources Company (1835) hold?
Tamkeen Human Resources Company holds more cash than debt, 185M SAR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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