A

Al Mawarid Manpower Company SCJSC
SAU:1833

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Al Mawarid Manpower Company SCJSC
SAU:1833
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Price: 111.8 SAR 0.36% Market Closed
Market Cap: ﷼1.7B

EV/EBITDA

9.2
Current
27%
Cheaper
vs 3-y average of 12.5

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
9.2
=
Enterprise Value
﷼1.6B
/
EBITDA
﷼172.8m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
9.2
=
Enterprise Value
﷼1.6B
/
EBITDA
﷼172.8m

Valuation Scenarios

Al Mawarid Manpower Company SCJSC is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (12.5), the stock would be worth ﷼152.12 (36% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+57%
Average Upside
38%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 9.2 ﷼111.8
0%
3-Year Average 12.5 ﷼152.12
+36%
5-Year Average 12.5 ﷼152.12
+36%
Industry Average 11.4 ﷼139.01
+24%
Country Average 14.5 ﷼175.88
+57%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
﷼1.6B
/
Oct 2025
﷼172.8m
=
9.2
Current
﷼1.6B
/
Dec 2025
﷼175.4m
=
9.1
Forward
﷼1.6B
/
Dec 2026
﷼206.7m
=
7.7
Forward
﷼1.6B
/
Dec 2027
﷼242.8m
=
6.5
Forward
﷼1.6B
/
Dec 2028
﷼272.3m
=
5.8
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
SA
Al Mawarid Manpower Company SCJSC
SAU:1833
1.7B SAR 9.2 13.1
JP
Recruit Holdings Co Ltd
TSE:6098
10.3T JPY 15 24.7
NL
Randstad NV
AEX:RAND
4.3B EUR 6.3 14.7
CN
51job Inc
F:IWQ
3.9B EUR 39.1 49
US
Robert Half Inc
SWB:RHJ
3.9B EUR 31.9 34.3
CH
Adecco Group AG
SIX:ADEN
3.1B CHF 6.7 11
PL
Benefit Systems SA
WSE:BFT
12.7B PLN 11.4 22.1
US
Korn Ferry
NYSE:KFY
3.4B USD 5.8 12.8
JP
Persol Holdings Co Ltd
TSE:2181
528B JPY 4.9 13.4
JP
TechnoPro Holdings Inc
TSE:6028
502.9B JPY 17 30.7
SG
Jinhai International Group Holdings Ltd
HKEX:2225
23.1B HKD -221.4 -221.7
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
SA
A
Al Mawarid Manpower Company SCJSC
SAU:1833
Average EV/EBITDA: 14.7
9.2
23%
0.4
JP
Recruit Holdings Co Ltd
TSE:6098
15
14%
1.1
NL
R
Randstad NV
AEX:RAND
6.3
9%
0.7
CN
5
51job Inc
F:IWQ
39.1
N/A N/A
US
R
Robert Half Inc
SWB:RHJ
31.9
53%
0.6
CH
A
Adecco Group AG
SIX:ADEN
6.7
12%
0.6
PL
B
Benefit Systems SA
WSE:BFT
11.4
23%
0.5
US
Korn Ferry
NYSE:KFY
5.8
9%
0.6
JP
P
Persol Holdings Co Ltd
TSE:2181
4.9
7%
0.7
JP
TechnoPro Holdings Inc
TSE:6028
17
12%
1.4
SG
Jinhai International Group Holdings Ltd
HKEX:2225
Negative Multiple: -221.4 N/A N/A

Market Distribution

Lower than 82% of companies in Saudi Arabia
Percentile
18th
Based on 237 companies
18th percentile
9.2
Low
1.5 — 11.1
Typical Range
11.1 — 20.1
High
20.1 —
Distribution Statistics
Saudi Arabia
Min 1.5
30th Percentile 11.1
Median 14.5
70th Percentile 20.1
Max 24 279.8

Al Mawarid Manpower Company SCJSC
Glance View

Almawarid Manpower Co. provides recruitment services. The company is headquartered in Riyadh, Riyadh. The company went IPO on 2023-06-19. The firm has three segments which include Corporate sector, Individual sector, and Hourly sector. Corporate sector relates to providing an expatriate and Saudi manpower services to companies, whose contracts are approximately for two years. Individual sector relates to providing domestic labor services to individual clients. Hourly sector relates to the cleaning services provided to individual clients by hourly basis/visit, mostly each cleaning visit is approximately four hours. The Company’s services are provided to families and women in their homes, this includes raising children and cooking, private driver, female domestic worker, house cook, home farmer, nanny, home expeditor, house tea boy, physical therapist, home nurse, home manager, and home tailor.

Intrinsic Value
151.27 SAR
Undervaluation 26%
Intrinsic Value
Price ﷼111.8
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