Saudi Manpower Solutions Company

SASE:1834 Stock Report

Market Cap: ر.س2.5b

Saudi Manpower Solutions Valuation

Is 1834 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of 1834 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 1834 (SAR6.25) is trading above our estimate of future cash flow value (SAR5.3)

Significantly Below Future Cash Flow Value: 1834 is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1834?

Key metric: As 1834 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1834. This is calculated by dividing 1834's market cap by their current earnings.
What is 1834's PE Ratio?
PE Ratio15.7x
Earningsر.س158.73m
Market Capر.س2.49b

Price to Earnings Ratio vs Peers

How does 1834's PE Ratio compare to its peers?

The above table shows the PE ratio for 1834 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.9x
1831 Maharah for Human Resources
10x4.42%ر.س2.9b
1833 Almawarid Manpower
13.2x10.65%ر.س2.1b
1835 Tamkeen Human Resources
12.7xn/aر.س1.2b
9545 International Human Resources
15.4xn/aر.س246.0m
1834 Saudi Manpower Solutions
15.7x11.59%ر.س2.5b

Price-To-Earnings vs Peers: 1834 is expensive based on its Price-To-Earnings Ratio (15.7x) compared to the peer average (12.9x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does 1834's PE Ratio compare vs other companies in the Asian Professional Services Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
1834 15.7xIndustry Avg. 14.7xNo. of Companies55PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1834 is expensive based on its Price-To-Earnings Ratio (15.7x) compared to the Asian Professional Services industry average (14.7x).

Price to Earnings Ratio vs Fair Ratio

What is 1834's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1834 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.7x
Fair PE Ratio13.8x

Price-To-Earnings vs Fair Ratio: 1834 is expensive based on its Price-To-Earnings Ratio (15.7x) compared to the estimated Fair Price-To-Earnings Ratio (13.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 1834 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentر.س6.25
ر.س7.09
+13.44%
9.09%ر.س7.59ر.س6.18n/a3
Jul ’27ر.س6.35
ر.س7.09
+11.65%
9.09%ر.س7.59ر.س6.18n/a3
Jun ’27ر.س6.27
ر.س6.95
+10.90%
8.09%ر.س7.50ر.س6.18n/a3
May ’27ر.س5.59
ر.س6.95
+24.39%
8.09%ر.س7.50ر.س6.18n/a3
Apr ’27ر.س5.54
ر.س6.95
+25.51%
8.09%ر.س7.50ر.س6.18n/a3
Mar ’27ر.س5.08
ر.س6.95
+36.88%
8.09%ر.س7.50ر.س6.18n/a3
Feb ’27ر.س5.76
ر.س6.95
+20.72%
8.09%ر.س7.50ر.س6.18n/a3
Jan ’27ر.س5.37
ر.س6.89
+28.24%
7.29%ر.س7.30ر.س6.18n/a3
Dec ’26ر.س5.34
ر.س6.79
+27.15%
6.86%ر.س7.30ر.س6.18n/a4
Nov ’26ر.س6.02
ر.س6.79
+12.79%
6.86%ر.س7.30ر.س6.18n/a4
Oct ’26ر.س6.06
ر.س7.42
+22.44%
18.57%ر.س9.70ر.س6.18n/a4
Sep ’26ر.س5.86
ر.س7.42
+26.62%
18.57%ر.س9.70ر.س6.18n/a4
Aug ’26ر.س6.29
ر.س7.83
+24.54%
17.36%ر.س9.70ر.س6.50n/a3
Jul ’26ر.س6.03
ر.س7.83
+29.91%
17.36%ر.س9.70ر.س6.50ر.س6.353
Apr ’26ر.س6.25
ر.س8.60
+37.60%
12.79%ر.س9.70ر.س7.50ر.س5.542
Mar ’26ر.س7.34
ر.س8.59
+17.03%
12.69%ر.س9.68ر.س7.50ر.س5.082
Feb ’26ر.س7.63
ر.س8.59
+12.58%
12.69%ر.س9.68ر.س7.50ر.س5.762
Jan ’26ر.س7.63
ر.س8.59
+12.58%
12.69%ر.س9.68ر.س7.50ر.س5.372
Dec ’25ر.س7.70
ر.س8.59
+11.56%
12.69%ر.س9.68ر.س7.50ر.س5.342
Nov ’25ر.س8.21
ر.س8.59
+4.63%
12.69%ر.س9.68ر.س7.50ر.س6.022
Oct ’25ر.س8.85
ر.س8.59
-2.94%
12.69%ر.س9.68ر.س7.50ر.س6.062
Sep ’25ر.س9.19
ر.س8.59
-6.53%
12.69%ر.س9.68ر.س7.50ر.س5.862
Aug ’25ر.س10.36
ر.س8.59
-17.08%
12.69%ر.س9.68ر.س7.50ر.س6.292
Jul ’25ر.س8.79
ر.س8.59
-2.28%
12.69%ر.س9.68ر.س7.50ر.س6.032
ر.س7.09
Fair Value
11.8% undervalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/09 04:06
End of Day Share Price 2026/07/09 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Saudi Manpower Solutions Company is covered by 7 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Madhu AppissaAl Rajhi Capital
Hashim AlhaddadAl Rajhi Capital
null nullAl Rajhi Capital