How ManpowerGroup’s New Saudi Partnership May Shape Its Investment Case for MAN Investors

• In November 2025, Mahah Human Resources Company announced that it had signed a brand license agreement with ManpowerGroup, granting its subsidiary Growth Avenue Investment Company the rights to operate under the Manpower brand in Saudi Arabia, with the deal formalized during the U.S.-Saudi Investment Forum in Washington, D.C.
• This agreement gives ManpowerGroup expanded access to the Saudi market through a local partner experienced in workforce localization and professional talent solutions.
• To understand the impact of ManpowerGroup broadening its footprint in Saudi Arabia, we’ll explore how this partnership shapes the company’s investment narrative.

AI is about to change healthcare. These 30 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early.

ManpowerGroup Investment Narrative Recap

To be a ManpowerGroup shareholder, you need conviction in the value of global workforce solutions and the firm’s ability to adapt amid technology shifts, automation, and regional economic challenges. The recent Saudi expansion, while positive for long-term diversification, isn’t material enough to offset near-term pressure, particularly from ongoing restructuring and persistent weakness in Northern Europe, which remains the main swing factor for results and risk. The short-term outlook is still defined by these headwinds more than by new market access in Saudi Arabia.

Among recent announcements, the Q3 2025 earnings report stands out most. ManpowerGroup posted a net income of US$18 million for the quarter and a net loss of US$43.5 million over nine months, highlighting just how pressing it is for the company to stabilize performance and improve profitability, factors that heavily overshadow incremental gains from fresh international partnerships or licensing deals in the immediate term.

By contrast, the biggest risk that could impact these incremental gains is the accelerating impact of AI and automation, something every investor should be aware of...

Read the full narrative on ManpowerGroup (it's free!)

ManpowerGroup's narrative projects $19.6 billion revenue and $446.4 million earnings by 2028. This requires 3.7% yearly revenue growth and an earnings increase of $462.6 million from current earnings of -$16.2 million.

Uncover how ManpowerGroup's forecasts yield a $41.56 fair value, a 46% upside to its current price.

Exploring Other Perspectives

Nine private investors from the Simply Wall St Community estimate ManpowerGroup’s fair value at anywhere between US$36 and US$12,496 per share. Despite the company’s global expansion efforts, execution risk in digital and AI transformation remains a key theme that could shape performance, so be sure to compare these perspectives side by side.

Explore 9 other fair value estimates on ManpowerGroup - why the stock might be worth just $36.16!

Build Your Own ManpowerGroup Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your ManpowerGroup research is our analysis highlighting 4 key rewards and 2 important warning signs that could impact your investment decision.
• Our free ManpowerGroup research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate ManpowerGroup's overall financial health at a glance.

Want Some Alternatives?

The market won't wait. These fast-moving stocks are hot now. Grab the list before they run:

• Find companies with promising cash flow potential yet trading below their fair value.
• The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 25 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement.
• Uncover the next big thing with financially sound penny stocks that balance risk and reward.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com