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Maharah closes at highest level in 4 years
28/12/2023
Argaam Exclusive
AI Summary
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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.
| Year High (SAR) | Year Low (SAR) |
| 6.29 | 3.15 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 6.82 | 3.00 |
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 | 4.03 |
| Low | 3.93 |
| High | 4.03 |
| Previous Close | 4.02 |
| Change (3M) | (22.52 %) |
| Change (6M) | (10.89 %) |
| Market Value | 2,394.00 |
| Avg. Volume (3M) | 4,416,962.77 |
| Avg. Turnover (3M) | 20,868,651.34 |
| Avg. Transaction (3M) | 2,973.80 |
| Change(12M) | 3.17 % |
| YTD | (21.82 %) |
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 (%) |
| 2026 | Bonus Shares | 600.00 | 26.32% |
| 2024 | Reduction | 475.00 | 0.00% |
| 2023 | Bonus Shares | 475.00 | 26.67% |
| 2019 | IPO | 375.00 | 0.00% |
Financial Performance :
Overview :
The company was established as a closed joint-stock company operating under the name Maharah For Recruitment Services in Riyadh in 2013 with a capital of SAR 100 million. Four years later, it changed its name to Maharah Human Resources Co., converting into a Saudi public joint-stock company in 2019.
Activities and Business Segments
The company's core activities include labor recruitment brokerage and providing domestic and workforce services to the public and private sectors across fou...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 2,394.00 |
| Shares Outstanding ((M)) | 600.00 |
| Recurring EPS ( Riyal) (TTM) | 0.35 |
| Book Value (BV) ( Riyal) (Latest announcement) | 1.59 |
| Recurring P/E (TTM) | 11.33 |
| Price/book | 2.51 |
| Dividend Yield (%) (Last Year) | 3.77 |
| Return on Average Assets (%) (TTM) | 15.22 |
| Return on Average Equity (%) (TTM) | 37.62 |
| Par Value ( Riyal) | 1.00 |
| Enterprise Value (EV) (M Riyal) | 2,360.43 |
| EV/adj EBITDA | 9.30 |
| EV/ EBITDA | - |
| EV/Revenues | 0.67 |
Calendar :
-
01 February
General Assembly
- -
02 April
Ex-dividend Date
- -
22 April
Cash Dividend Distribution
- -
16 May
General Assembly
- -
15 August
Ex-dividend Date
- -
25 August
Cash Dividend Distribution
-
Analyst Estimates :
7.13
Fair Average Price
1
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Overweight | CI Capital | 4.90 | 7.13 | 45.63 % |
Call Request
Comments Analysis: