Be Wary Of Riyadh Steel (TADAWUL:9588) And Its Returns On Capital
Dec 25
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Saudi Arabian (Tadawul) Metals and Mining Industry Analysis
UpdatedDec 25, 2025
DataAggregated Company Financials
Companies16
- 7D8.3%
- 3M3.3%
- 1Y23.7%
- YTD21.8%
The Metals and Mining industry is up 11% in the last week, with Saudi Arabian Mining Company (Ma'aden) up 8.9%. In the last 12 months, the industry was up 25%. As for the next few years, earnings are expected to grow by 13% per annum.
Industry Valuation and Performance
Has the Saudi Arabian Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 25 Dec 2025 | ر.س268.5b | ر.س55.4b | ر.س6.8b | 31.5x | 39.5x | 4.8x |
| Sat, 22 Nov 2025 | ر.س261.2b | ر.س55.4b | ر.س6.8b | 32.5x | 38.5x | 4.7x |
| Mon, 20 Oct 2025 | ر.س284.3b | ر.س53.6b | ر.س5.5b | 31.4x | 51.6x | 5.3x |
| Wed, 17 Sep 2025 | ر.س238.8b | ر.س53.6b | ر.س5.5b | 29.8x | 43.3x | 4.5x |
| Fri, 15 Aug 2025 | ر.س229.0b | ر.س53.4b | ر.س5.5b | 28.3x | 41.7x | 4.3x |
| Sun, 13 Jul 2025 | ر.س239.3b | ر.س51.3b | ر.س4.6b | 27.7x | 52.5x | 4.7x |
| Tue, 10 Jun 2025 | ر.س212.9b | ر.س51.2b | ر.س4.6b | 22.5x | 46.6x | 4.2x |
| Thu, 08 May 2025 | ر.س217.1b | ر.س49.8b | ر.س4.1b | 24.3x | 53.2x | 4.4x |
| Sat, 05 Apr 2025 | ر.س190.4b | ر.س49.6b | ر.س4.0b | 37.1x | 47.2x | 3.8x |
| Mon, 03 Mar 2025 | ر.س198.3b | ر.س47.5b | ر.س5.0b | 32.4x | 39.6x | 4.2x |
| Wed, 29 Jan 2025 | ر.س211.4b | ر.س47.5b | ر.س5.0b | 32.9x | 42.5x | 4.4x |
| Fri, 27 Dec 2024 | ر.س208.6b | ر.س47.6b | ر.س4.9b | 37.3x | 42.2x | 4.4x |
| Sun, 24 Nov 2024 | ر.س220.4b | ر.س47.6b | ر.س4.9b | 36.7x | 44.6x | 4.6x |
| Tue, 22 Oct 2024 | ر.س224.8b | ر.س44.7b | ر.س3.7b | 41.1x | 61.2x | 5x |
| Thu, 19 Sep 2024 | ر.س180.3b | ر.س44.7b | ر.س3.7b | 39.5x | 49.1x | 4x |
| Sat, 17 Aug 2024 | ر.س176.4b | ر.س44.5b | ر.س3.6b | 37.2x | 48.8x | 4x |
| Mon, 15 Jul 2024 | ر.س185.8b | ر.س43.5b | ر.س2.6b | 35.5x | 71x | 4.3x |
| Wed, 12 Jun 2024 | ر.س190.3b | ر.س42.7b | ر.س2.5b | 78.8x | 75.6x | 4.5x |
| Fri, 10 May 2024 | ر.س211.8b | ر.س42.6b | ر.س1.7b | 118.4x | 123.7x | 5x |
| Sun, 07 Apr 2024 | ر.س215.8b | ر.س42.3b | ر.س1.7b | 44.6x | 128.4x | 5.1x |
| Tue, 05 Mar 2024 | ر.س198.8b | ر.س43.2b | ر.س1.7b | 37.2x | 115.5x | 4.6x |
| Thu, 01 Feb 2024 | ر.س188.2b | ر.س43.0b | ر.س1.6b | 35.6x | 116.8x | 4.4x |
| Sat, 30 Dec 2023 | ر.س179.6b | ر.س42.8b | ر.س1.5b | 35x | 116.8x | 4.2x |
| Mon, 27 Nov 2023 | ر.س159.2b | ر.س42.8b | ر.س1.5b | 32.1x | 103.5x | 3.7x |
| Wed, 25 Oct 2023 | ر.س150.3b | ر.س46.4b | ر.س3.7b | 33.6x | 40.4x | 3.2x |
| Fri, 22 Sep 2023 | ر.س157.9b | ر.س46.2b | ر.س3.7b | 27.5x | 42.4x | 3.4x |
| Sun, 20 Aug 2023 | ر.س164.0b | ر.س46.2b | ر.س3.7b | 27.8x | 43.8x | 3.5x |
| Tue, 18 Jul 2023 | ر.س178.7b | ر.س50.2b | ر.س7.5b | 27.8x | 23.7x | 3.6x |
| Thu, 15 Jun 2023 | ر.س172.2b | ر.س49.8b | ر.س7.5b | 24.6x | 22.9x | 3.5x |
| Sat, 13 May 2023 | ر.س183.0b | ر.س50.3b | ر.س9.3b | 22.6x | 19.7x | 3.6x |
| Mon, 10 Apr 2023 | ر.س174.7b | ر.س50.0b | ر.س9.2b | 20.6x | 18.9x | 3.5x |
| Wed, 08 Mar 2023 | ر.س171.2b | ر.س48.7b | ر.س10.3b | 25.3x | 16.6x | 3.5x |
| Fri, 03 Feb 2023 | ر.س193.3b | ر.س48.7b | ر.س10.3b | 21.2x | 18.7x | 4x |
| Sun, 01 Jan 2023 | ر.س170.6b | ر.س48.7b | ر.س10.3b | 19.3x | 16.5x | 3.5x |
Price to Earnings Ratio
16.5x
Current Industry PE
- Investors are pessimistic on the Saudi Metals and Mining industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 39.6x which is lower than its 3-year average PE of 55.5x.
- The 3-year average PS ratio of 4.2x is lower than the industry's current PS ratio of 4.9x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 13% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.4% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Saudi Arabian Materials industry?
| SA Market | 0.90% | |
| Materials | 3.37% | |
| Metals and Mining | 8.31% | |
| Diversified Metals and Mining | 8.78% | |
| Steel | 1.45% | |
| Aluminum | 0% | 0 |
Industry PE
- Investors are most optimistic about the Diversified Metals and Mining industry even though it's trading below its 3-year average PE ratio of 55.8x.
- Analysts are expecting annual earnings growth of 13.0%, which is lower than the prior year's growth of 60.0% per year.
- Investors are most pessimistic about the Steel industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 7.6x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Metals and Mining industry, expecting annual earnings growth of 13% over the next 5 years.
- However this is lower than its past earnings growth rate of 60% per year.
- In contrast, the Steel industry is expected to see its earnings grow by 4.6% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 1211 Saudi Arabian Mining Company (Ma'aden) | ر.س63.10 | 8.9% +ر.س20.0b | 27.5% | PE44x | |
| 1322 Al Masane Al Kobra Mining | ر.س88.00 | 5.6% +ر.س422.7m | 33.5% | PE31.5x | |
| 2240 Advanced Building Industries | ر.س38.60 | 4.8% +ر.س105.6m | 17.0% | PE27.1x | |
| 1304 Al Yamamah Steel Industries | ر.س33.68 | 6.2% +ر.س100.6m | -1.8% | PE37.1x | |
| 1321 East Pipes Integrated Company for Industry | ر.س141.20 | 1.6% +ر.س69.3m | 1.0% | PE10x |
