Saudi Manpower Solutions (SMASCO)الشركة السعودية لحلول القوى البشرية
- Price
- 6.27 SAR
- Fair value
- 3.67 SAR
- Discount to fair value
- −71%
- Mkt cap
- 2.51B
- P/E
- 16.6×
- P/B
- 3.93×
- EV
- 2.50B
- Div yield
- 3.99%
- ROE
- 23.6%
- Net margin
- 7.2%
Current price6.27SAR
Fair value (est., median)3.67SAR
UndervaluedFair valueOvervalued
+71.0% above fair valueWould need to fall ~41.5% to reach fair value.
Median ofDCF 5.78DDM 3.48Graham 3.67Residual Income 4.35Earnings Power 3.56
Health Check
48.2
Overall / 100
Good (66+)Caution (40–65)Risk (<40)
Rewards
- Strong return on equity (23.6%).
- Healthy balance sheet.
Risks
- Trades 71% above estimated fair value.
- Low fair-value confidence — methods disagree or data is thin.
Scores are computed automatically from the real financial statements (Value from fair value; the rest from growth, profitability, balance sheet and dividends). A decision aid, not investment advice.
Price, corporate actions & news
Demo series
D — DividendS — Split▲ good · ▼ bad newstap a marker for details
Growth & profitability
Revenue, net income and margin.
RevenueNet incomeNet margin %tap a bar for figures
Key figures
Covers 3 years · FY2023–FY2025
| Metric | FY'23 | FY'24 | FY'25 | TTM'26 |
|---|---|---|---|---|
| Revenue | 1.83B | 1.89B | 2.09B | — |
| Net Income | 166.29M | 126.42M | 150.64M | 158.70M |
| Net Margin | 9.1% | 6.7% | 7.2% | — |
| Operating Cash Flow | 187.54M | 119.92M | 176.48M | — |
| OCF Margin | 10.3% | 6.3% | 8.4% | — |
| Capital Expenditure | 31.47M | 21.39M | 33.42M | — |
| Free Cash Flow | 156.07M | 98.54M | 143.07M | — |
| FCF Margin | 8.5% | 5.2% | 6.8% | — |
| FCF Conversion | 93.9% | 77.9% | 95.0% | — |
| EPS (Diluted) | 0.42/sh | 0.32/sh | 0.38/sh | 0.40/sh |
| Dividend / Share | 0.43/sh | 0.12/sh | 0.25/sh | — |
Dividend return (if you buy today)if you buy today
Dividend yield3.99%
Dividend / share0.25
If you invest
Shares (≈)1,594
Est. annual income398.50
At this rate, dividends alone return your capital in ~25.1 years.
Dividend history
Dividend / share & historical yield (SAR).
Dividend / share yield %tap a bar for figures
Quarterly dividends & yield
Per-share dividends by quarter, full-year total, and yield on the year's average price · SAR
| Year | Q1 | Q2 | Q3 | Q4 | Full year | Yield (avg) |
|---|---|---|---|---|---|---|
| 2026 | — | 0.15 | — | — | 0.15 | 2.7% |
| 2025 | — | 0.13 | 0.12 | — | 0.25 | 4.0% |
| 2024 | — | — | 0.12 | — | 0.12 | 1.4% |
| 2023 | — | — | — | — | 0.43 | — |
Corporate actions
DCash Dividend
0.15 /sh2026-04-06
DCash Dividend
0.12 /sh2025-08-25
DCash Dividend
0.13 /sh2025-04-08
DCash Dividend
0.12 /sh2024-09-01
Valuation breakdown
Fair value = median of the applicable methods (DCF، DDM، Graham، Residual Income، Earnings Power).
Each method below is a different lens on the same company — no single method dominates the result.
Discounted Cash Flow
Values the company from the future cash it's expected to generate. · Tap to adjust assumptions
5.78
Dividend Discount Model
Values the share from the dividends it's expected to keep paying. · Tap to adjust assumptions
3.48
Graham Number
A conservative benchmark built from earnings and book value. · Tap to adjust assumptions
3.67
Residual Income (justified P/B)
Values the profit the company earns above the cost of its equity. · Tap to adjust assumptions
4.35
Earnings Power Value
Values today's earning power as-is, assuming no growth. · Tap to adjust assumptions
3.56
DCF only is anchored on FY2025 — the latest year with positive cash flow that supports a value. The other methods (DDM, Graham, RIM, EPV) use current / normalized figures.
Fair Value (median)3.67
▸ Show assumptions▾ Assumptions
- Effective discount rate
- 10.39%
- CAPM cost of equity
- 10.50%
- Risk-free rate
- 4.50%
- Equity risk premium
- 6.00%
- DCF growth (stage 1)
- 8.00%
- DCF terminal growth
- 3.00%
- DCF forecast years
- 5
- DDM dividend growth
- 3.00%
Tune these per company in the Hajras Odoo backend; values recompute automatically.
Wealth simulator
What if you'd invested in Saudi Manpower Solutions (SMASCO) regularly?
Starting year
- Invested
- 1K/yr · 3K total(2024 → today · 3 yrs)
- your value today is
- 2.8K SAR
- Total return
- -5.8%(+4.6% Dividends · -10.4% Capital gain)
- Annualised (IRR)
- -4.3%
Invested3KSAR
Dividends138SAR
Capital gain-311SAR
InvestedCapital gainDividendstap a bar for figures
Major shareholders
As of 2026-06-16Disclosed holders at or above the 5% reporting threshold.
شركة الحلول المتكاملة القابضة شركة مساهمة مقفلة
47.88% managed
47.88%
Total disclosed47.88%
The Saudi Exchange publishes only holders at or above 5%; smaller stakes are not disclosed.
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