Risk factor
Limited trading liquidity
Profitability factor
Excellent dividends
About
Mannai Corporation Q.P.S.C. is a globally operating, diversified conglomerate, established in 1951 in Doha, Qatar. As a subsidiary of Qatar Investment & Projects Development Holding Co., W.L.L., the company conducts its extensive business activities through various segments including Information Technology, its Auto Group, Energy and Industrial Markets, Geotechnical Services, Logistics, Travel, Engineering, Jewellery Trading, Telecom Retail, and other ventures. Within the Information Technology sector, Mannai delivers a comprehensive range of services, encompassing application implementation, bespoke software development, systems integration, mobility solutions, master data management, enterprise content management, data warehousing, enterprise resource planning, and customer relationship management. Its offerings also include hardware, software, security, networking, compute, and printing solutions, alongside digital business and technology services, IT infrastructure, and office equipment. Furthermore, the company provides specialized distribution, technology, and payment solutions, in addition to advanced technology services and products for healthcare, research, and scientific applications. The Auto Group is engaged in the sale of diverse vehicles, such as small compacts, passenger cars, commercial vehicles, and pre-owned automobiles. This division also markets heavy equipment and construction machinery to industrial and construction sectors, while offering vehicle rental, lease hire, chauffeur, and shuttle services. Serving the Energy and Industrial Markets, Mannai supplies critical equipment and services to the oil and gas, construction, infrastructure, and utilities industries. Its Geotechnical Services division furnishes specialized geotechnical, geological, environmental, and material testing for civil engineering, water resource management, and development projects. The company's Logistics arm manages air, sea, and road freight transportation, supplemented by warehousing, domestic transport, and customs clearance services. Additionally, engineering services and travel agency operations form integral parts of its portfolio. In the retail domain, Mannai engages in the wholesale and retail distribution of jewelry and watch products. It also provides consumers with home appliances, including white goods and small kitchen appliances, alongside various electronics like video and audio systems. Completing its service offerings, the corporation also provides facilities maintenance and management services.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. In particular, the stock is underpriced on P/E, of fair value on