Maharah closes at highest level in 4 years

28/12/2023 Argaam Exclusive

Shares of Tadawul-listed Maharah Human Resources Co. rose 5% today, Dec. 28, to close at over four-year high – or since October 2019, at SAR 78.20 apiece. Nearly 750,000 changed hands.  

The stock hit an intraday high of SAR 79.40.  

  

Today’s surge brought the stock’s year-to-date gains to more than 80%, and 20% since the beginning of the month.

Market Data :

Open 6.52
Low 6.28
High 6.52
Previous Close 6.53
Change (3M) (12.36 %)
Change (6M) 3.61 %
Market Value 2,997.25
Avg. Volume (3M) 2,472,317.02
Avg. Turnover (3M) 17,618,776.80
Avg. Transaction (3M) 2,999.49
Change(12M) 2.77 %
YTD (20.63 %)

Maharah adjusted its capital through a bonus issue last June, as shown in the table below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2023 Split   475.00 26.67%
2019 IPO   375.00 0.00%

Financial Performance :

Overview :

Maharah Human Resources Company was established with the ministerial decree, dated 02/04/1434AH (corresponding to 02/13/2013).  MHRC is one of the leading providers of ‘Manpower Services’ in the Human Resources Sector. The Company is licensed by the Ministry of Human Resources and Social Development to source and recruit high-quality ‘manpower’ for both corporate and household customers. Maharah also aims to strengthen its international relations.  The company...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 2,997.25
Shares Outstanding ((M)) 475.00
EPS ( Riyal) (TTM) 0.26
Book Value (BV) ( Riyal) (Latest announcement) 1.31
Adjusted P/E (Last12) 24.53
Price/book 4.81
Dividend Yield (%) (Last Year) 2.77
Return on Average Assets (%) (TTM) 6.88
Return on Average Equity (%) (TTM) 20.52
Par Value ( Riyal) 1.00
Enterprise Value (EV) (M) 3,510.20


Analyst Estimates :

9

Fair Average Price

1

Number of Recommendations

Rating Research firm Current Price Target Price Change
Overweight CI Capital 6.18 9.00 45.63 %

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