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 29, 2025
DataAggregated Company Financials
Companies16
- 7D2.7%
- 3M-0.5%
- 1Y20.5%
- YTD20.2%
In the last week, the Metals and Mining industry is up 2.7%, with Saudi Arabian Mining Company (Ma'aden) up 3.1%. In the same time, Saudi Steel Pipes was down 7.8%. This takes the industry's 12 month performance to a gain of 20%. Earnings are forecast to grow by 13% annually.
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, 29 Dec 2025 | ر.س264.8b | ر.س55.4b | ر.س6.8b | 31.5x | 38.9x | 4.8x |
| Wed, 26 Nov 2025 | ر.س262.3b | ر.س55.4b | ر.س6.8b | 32.5x | 38.6x | 4.7x |
| Fri, 24 Oct 2025 | ر.س272.4b | ر.س53.6b | ر.س5.5b | 31.5x | 49.4x | 5.1x |
| Sun, 21 Sep 2025 | ر.س242.0b | ر.س53.6b | ر.س5.5b | 30.2x | 43.9x | 4.5x |
| Tue, 19 Aug 2025 | ر.س227.7b | ر.س53.6b | ر.س5.5b | 30.2x | 41.3x | 4.2x |
| Thu, 17 Jul 2025 | ر.س234.1b | ر.س51.3b | ر.س4.6b | 27.5x | 51.3x | 4.6x |
| Sat, 14 Jun 2025 | ر.س211.7b | ر.س51.2b | ر.س4.6b | 22.5x | 46.4x | 4.1x |
| Mon, 12 May 2025 | ر.س214.8b | ر.س49.8b | ر.س4.1b | 24x | 52.7x | 4.3x |
| Wed, 09 Apr 2025 | ر.س177.4b | ر.س49.7b | ر.س4.0b | 26.1x | 43.9x | 3.6x |
| Fri, 07 Mar 2025 | ر.س191.8b | ر.س47.5b | ر.س5.0b | 30.6x | 38.3x | 4x |
| Sun, 02 Feb 2025 | ر.س211.2b | ر.س47.5b | ر.س5.0b | 32.8x | 42.5x | 4.4x |
| Tue, 31 Dec 2024 | ر.س208.7b | ر.س47.5b | ر.س5.0b | 31x | 42x | 4.4x |
| Thu, 28 Nov 2024 | ر.س212.3b | ر.س47.6b | ر.س4.9b | 35.7x | 43x | 4.5x |
| Sat, 26 Oct 2024 | ر.س226.1b | ر.س44.7b | ر.س3.7b | 40x | 61.6x | 5.1x |
| Mon, 23 Sep 2024 | ر.س180.5b | ر.س44.7b | ر.س3.7b | 40.1x | 49.2x | 4x |
| Wed, 21 Aug 2024 | ر.س180.1b | ر.س44.6b | ر.س3.7b | 39.6x | 49.1x | 4x |
| Fri, 19 Jul 2024 | ر.س191.0b | ر.س43.5b | ر.س2.6b | 34.6x | 73x | 4.4x |
| Sun, 16 Jun 2024 | ر.س188.5b | ر.س43.4b | ر.س2.6b | 56.8x | 72.4x | 4.3x |
| Tue, 14 May 2024 | ر.س210.1b | ر.س42.7b | ر.س1.7b | 118.1x | 123.6x | 4.9x |
| Thu, 11 Apr 2024 | ر.س215.8b | ر.س42.3b | ر.س1.7b | 44.6x | 128.4x | 5.1x |
| Sat, 09 Mar 2024 | ر.س206.0b | ر.س42.1b | ر.س1.6b | 38.9x | 125.5x | 4.9x |
| Mon, 05 Feb 2024 | ر.س190.0b | ر.س43.0b | ر.س1.6b | 35.9x | 117.9x | 4.4x |
| Wed, 03 Jan 2024 | ر.س195.5b | ر.س42.8b | ر.س1.5b | 35.5x | 127.1x | 4.6x |
| Fri, 01 Dec 2023 | ر.س161.9b | ر.س42.8b | ر.س1.5b | 31.4x | 105.3x | 3.8x |
| Sun, 29 Oct 2023 | ر.س150.5b | ر.س46.4b | ر.س3.7b | 34.2x | 40.5x | 3.2x |
| Tue, 26 Sep 2023 | ر.س160.4b | ر.س46.2b | ر.س3.7b | 27.4x | 43x | 3.5x |
| Thu, 24 Aug 2023 | ر.س164.2b | ر.س46.2b | ر.س3.7b | 26.5x | 44.1x | 3.6x |
| Sat, 22 Jul 2023 | ر.س174.6b | ر.س50.2b | ر.س7.5b | 26.7x | 23.2x | 3.5x |
| Mon, 19 Jun 2023 | ر.س168.8b | ر.س49.8b | ر.س7.5b | 24.4x | 22.4x | 3.4x |
| Wed, 17 May 2023 | ر.س185.4b | ر.س50.3b | ر.س9.3b | 22.5x | 19.9x | 3.7x |
| Fri, 14 Apr 2023 | ر.س177.4b | ر.س50.3b | ر.س9.3b | 21.4x | 19.1x | 3.5x |
| Sun, 12 Mar 2023 | ر.س170.3b | ر.س50.0b | ر.س9.3b | 20.7x | 18.3x | 3.4x |
| Tue, 07 Feb 2023 | ر.س189.3b | ر.س48.7b | ر.س10.3b | 20.8x | 18.4x | 3.9x |
| Thu, 05 Jan 2023 | ر.س181.0b | ر.س48.7b | ر.س10.3b | 19.5x | 17.5x | 3.7x |
Price to Earnings Ratio
17.5x
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 38.9x which is lower than its 3-year average PE of 55.7x.
- The 3-year average PS ratio of 4.2x is lower than the industry's current PS ratio of 4.8x.
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 | -1.05% | |
| Materials | -0.11% | |
| Metals and Mining | 2.70% | |
| Diversified Metals and Mining | 3.10% | |
| Aluminum | 0% | 0 |
| Steel | -3.21% | |
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 55.9x.
- 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 7.9x.
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 4.7% 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 | |
|---|---|---|---|---|---|
| 9588 Riyadh Steel | ر.س1.54 | 2.0% +ر.س2.1m | -33.6% | PE53.9x | |
| 9523 Group Five Pipe Saudi | ر.س35.08 | 0.2% +ر.س1.7m | -16.5% | PE25.5x |
