Saudi Steel Pipes Company's (TADAWUL:1320) Price Is Right But Growth Is Lacking
Dec 25
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Saudi Arabian (Tadawul) Metals and Mining Industry Analysis
UpdatedJan 19, 2025
DataAggregated Company Financials
Companies16
- 7D-0.2%
- 3M-5.8%
- 1Y10.5%
- YTD-3.6%
Over the last 7 days, the Metals and Mining industry has remained flat. As for the the longer term, the industry is up 11% over the past 12 months. As for the next few years, earnings are expected to grow by 24% 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 |
|---|---|---|---|---|---|---|
| Mon, 20 Jan 2025 | ر.س208.4b | ر.س47.5b | ر.س5.0b | 32.6x | 41.9x | 4.4x |
| Wed, 18 Dec 2024 | ر.س214.1b | ر.س47.6b | ر.س4.9b | 38.5x | 43.3x | 4.5x |
| Fri, 15 Nov 2024 | ر.س221.6b | ر.س47.4b | ر.س4.9b | 36.3x | 45.1x | 4.7x |
| Sun, 13 Oct 2024 | ر.س206.0b | ر.س44.7b | ر.س3.7b | 38.8x | 56.1x | 4.6x |
| Tue, 10 Sep 2024 | ر.س174.8b | ر.س44.7b | ر.س3.7b | 40.1x | 47.6x | 3.9x |
| Thu, 08 Aug 2024 | ر.س174.7b | ر.س43.6b | ر.س2.6b | 34.4x | 66.2x | 4x |
| Sat, 06 Jul 2024 | ر.س182.0b | ر.س43.4b | ر.س2.6b | 37.3x | 69.8x | 4.2x |
| Mon, 03 Jun 2024 | ر.س192.7b | ر.س42.4b | ر.س2.4b | 77.6x | 81.2x | 4.5x |
| Wed, 01 May 2024 | ر.س209.1b | ر.س42.2b | ر.س1.7b | 96.8x | 126x | 5x |
| Fri, 29 Mar 2024 | ر.س207.0b | ر.س42.1b | ر.س1.6b | 39.6x | 125.5x | 4.9x |
| Sun, 25 Feb 2024 | ر.س205.1b | ر.س43.1b | ر.س1.7b | 41.1x | 121.9x | 4.8x |
| Tue, 23 Jan 2024 | ر.س189.5b | ر.س43.0b | ر.س1.6b | 35.8x | 117.6x | 4.4x |
| Thu, 21 Dec 2023 | ر.س169.9b | ر.س42.8b | ر.س1.5b | 36x | 110.5x | 4x |
| Sat, 18 Nov 2023 | ر.س160.8b | ر.س42.8b | ر.س1.5b | 31.8x | 104.5x | 3.8x |
| Mon, 16 Oct 2023 | ر.س160.3b | ر.س46.4b | ر.س3.7b | 35.9x | 43.1x | 3.5x |
| Wed, 13 Sep 2023 | ر.س158.7b | ر.س46.2b | ر.س3.7b | 27.7x | 42.6x | 3.4x |
| Fri, 11 Aug 2023 | ر.س167.7b | ر.س50.6b | ر.س7.5b | 26.9x | 22.3x | 3.3x |
| Sun, 09 Jul 2023 | ر.س175.7b | ر.س49.8b | ر.س7.5b | 24.8x | 23.4x | 3.5x |
| Tue, 06 Jun 2023 | ر.س171.2b | ر.س49.6b | ر.س7.6b | 26.7x | 22.7x | 3.4x |
| Thu, 04 May 2023 | ر.س177.9b | ر.س50.3b | ر.س9.3b | 22.1x | 19.1x | 3.5x |
| Sat, 01 Apr 2023 | ر.س170.1b | ر.س50.0b | ر.س9.3b | 22.1x | 18.3x | 3.4x |
| Mon, 27 Feb 2023 | ر.س172.0b | ر.س48.7b | ر.س10.3b | 25.3x | 16.7x | 3.5x |
| Wed, 25 Jan 2023 | ر.س195.1b | ر.س48.7b | ر.س10.3b | 20.7x | 18.9x | 4x |
| Fri, 23 Dec 2022 | ر.س167.3b | ر.س48.6b | ر.س10.4b | 18.3x | 16x | 3.4x |
| Sun, 20 Nov 2022 | ر.س181.6b | ر.س48.6b | ر.س10.4b | 20.7x | 17.4x | 3.7x |
| Tue, 18 Oct 2022 | ر.س191.6b | ر.س44.7b | ر.س9.6b | 22.7x | 20x | 4.3x |
| Thu, 15 Sep 2022 | ر.س179.9b | ر.س44.7b | ر.س9.6b | 23.7x | 18.8x | 4x |
| Sat, 13 Aug 2022 | ر.س188.6b | ر.س39.3b | ر.س6.8b | 26.2x | 27.7x | 4.8x |
| Mon, 11 Jul 2022 | ر.س132.5b | ر.س39.2b | ر.س6.8b | 19.7x | 19.5x | 3.4x |
| Wed, 08 Jun 2022 | ر.س170.8b | ر.س39.2b | ر.س6.8b | 23.5x | 25.1x | 4.4x |
| Fri, 06 May 2022 | ر.س186.5b | ر.س39.5b | ر.س7.0b | 24.4x | 26.6x | 4.7x |
| Sun, 03 Apr 2022 | ر.س180.4b | ر.س35.5b | ر.س5.3b | 21.8x | 34.3x | 5.1x |
| Tue, 01 Mar 2022 | ر.س138.5b | ر.س33.0b | ر.س3.9b | 12.5x | 35.3x | 4.2x |
| Thu, 27 Jan 2022 | ر.س120.8b | ر.س32.0b | ر.س3.8b | 16.4x | 31.9x | 3.8x |
Price to Earnings Ratio
31.9x
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 41.9x which is lower than its 3-year average PE of 48.9x.
- The industry is trading close to its 3-year average PS ratio of 4.1x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have grown 9.4% per year over the last three years.
- Revenues for these companies have grown 14% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Saudi Arabian Materials industry?
| SA Market | 1.19% | |
| Materials | 1.91% | |
| Metals and Mining | -0.17% | |
| Copper | 0% | 0 |
| Aluminum | 0% | 0 |
| Gold | 0% | 0 |
| Precious Metals and Minerals | 0% | 0 |
| Silver | 0% | 0 |
| Steel | -0.026% | |
| Diversified Metals and Mining | -0.19% | |
Industry PE
- Investors are most optimistic about the Diversified Metals and Mining industry, which is trading close to its 3-year average PE ratio of 46.7x.
- Analysts are expecting annual earnings growth of 23.1%, which is lower than the prior year's growth of 115.2% 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.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 38% over the next 5 years.
- However this is lower than its past earnings growth rate of 116% per year.
- In contrast, the Diversified Metals and Mining industry is expected to see its earnings grow by 23% 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.س49.00 | 2.1% +ر.س3.8b | 3.6% | PE48.1x | |
| 1321 East Pipes Integrated Company for Industry | ر.س145.80 | 6.3% +ر.س270.9m | 64.4% | PE10.2x | |
| 1320 Saudi Steel Pipes | ر.س68.50 | 5.9% +ر.س192.1m | 81.9% | PE16.1x | |
| 2200 Arabian Pipes | ر.س12.56 | 2.6% +ر.س48.0m | 52.2% | PE9.7x | |
| 1304 Al Yamamah Steel Industries | ر.س39.35 | 1.9% +ر.س38.1m | 42.1% | PE28.2x |
