Saudi Steel Pipes (TADAWUL:1320) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Nov 18
Saudi Arabian (Tadawul) Metals and Mining Industry Analysis
UpdatedDec 03, 2022
DataAggregated Company Financials
Companies10
- 7D7.2%
- 3M-5.8%
- 1Y79.2%
- YTD63.0%
Over the last 7 days, the Metals and Mining industry has risen 7.2%, driven by gains from Saudi Arabian Mining Company (Ma'aden) of 7.6%. This takes the industry's 12 month performance to a gain of 79%. In the next few years, earnings are forecast to decline by 9.6% 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 |
|---|---|---|---|---|---|---|
| Sat, 03 Dec 2022 | ر.س184.0b | ر.س48.6b | ر.س10.4b | 19.1x | 17.6x | 3.8x |
| Mon, 31 Oct 2022 | ر.س221.8b | ر.س44.7b | ر.س9.6b | 24.7x | 23.1x | 5x |
| Wed, 28 Sep 2022 | ر.س170.4b | ر.س44.7b | ر.س9.6b | 22.2x | 17.8x | 3.8x |
| Fri, 26 Aug 2022 | ر.س195.7b | ر.س45.1b | ر.س9.6b | 20.7x | 20.3x | 4.3x |
| Sun, 24 Jul 2022 | ر.س152.6b | ر.س39.2b | ر.س6.8b | 20.5x | 22.5x | 3.9x |
| Tue, 21 Jun 2022 | ر.س143.2b | ر.س39.2b | ر.س6.8b | 20.3x | 21.1x | 3.7x |
| Thu, 19 May 2022 | ر.س162.8b | ر.س39.6b | ر.س7.0b | 22.2x | 23.2x | 4.1x |
| Sat, 16 Apr 2022 | ر.س190.8b | ر.س36.0b | ر.س5.6b | 24.4x | 34.1x | 5.3x |
| Mon, 14 Mar 2022 | ر.س158.9b | ر.س35.9b | ر.س5.4b | 12.4x | 29.2x | 4.4x |
| Wed, 09 Feb 2022 | ر.س124.4b | ر.س32.1b | ر.س3.8b | 18.5x | 32.9x | 3.9x |
| Fri, 07 Jan 2022 | ر.س106.1b | ر.س32.0b | ر.س3.8b | n/a | 28x | 3.3x |
| Sun, 05 Dec 2021 | ر.س98.9b | ر.س32.1b | ر.س3.8b | 15.7x | 26.2x | 3.1x |
| Tue, 02 Nov 2021 | ر.س103.8b | ر.س31.2b | ر.س3.7b | 18.1x | 28.1x | 3.3x |
| Thu, 30 Sep 2021 | ر.س108.7b | ر.س29.1b | ر.س2.4b | 20.6x | 44.7x | 3.7x |
| Sat, 28 Aug 2021 | ر.س94.8b | ر.س29.7b | ر.س2.5b | 19.7x | 38.3x | 3.2x |
| Sun, 04 Jul 2021 | ر.س88.7b | ر.س29.7b | ر.س2.5b | 20.3x | 35.8x | 3x |
| Wed, 07 Apr 2021 | ر.س79.2b | ر.س27.3b | ر.س776.7m | 22x | 102x | 2.9x |
| Sat, 09 Jan 2021 | ر.س56.9b | ر.س25.7b | -ر.س459,939,334.00 | 17.3x | -123.7x | 2.2x |
| Fri, 02 Oct 2020 | ر.س57.7b | ر.س25.1b | -ر.س1,175,265,587.00 | 23.5x | -49.1x | 2.3x |
| Mon, 06 Jul 2020 | ر.س47.2b | ر.س24.8b | -ر.س1,376,322,980.00 | 79.1x | -34.3x | 1.9x |
| Thu, 09 Apr 2020 | ر.س41.9b | ر.س25.5b | -ر.س1,141,243,444.00 | 80.2x | -36.7x | 1.6x |
| Wed, 01 Jan 2020 | ر.س59.4b | ر.س25.3b | -ر.س913,260,741.00 | 25.7x | -65.1x | 2.3x |
Price to Earnings Ratio
-92.2x
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 17.6x which is higher than its 3-year average PE of -4.9x.
- The 3-year average PS ratio of 3.1x is lower than the industry's current PS ratio of 3.8x.
Past Earnings Growth
- Total earnings for the Metals and Mining industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 26% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Saudi Arabian Materials industry?
| SA Market | -0.41% | |
| Materials | 2.38% | |
| Metals and Mining | 7.20% | |
| Diversified Metals and Mining | 7.58% | |
| Copper | 0% | |
| Aluminum | 0% | |
| Gold | 0% | |
| Precious Metals and Minerals | 0% | |
| Silver | 0% | |
| Steel | -1.37% | |
Industry PE
- Investors are most optimistic about the Diversified Metals and Mining industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings decline of 10.0%, which is lower than the prior year's growth of 83.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 74% over the next 5 years.
- This is better than its past earnings decline of 43% per year.
- In contrast, the Diversified Metals and Mining industry is expected to see its earnings decline by 10% 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.س69.80 | 7.6% +ر.س12.1b | 89.9% | PE16.5x | |
| 1322 Al Masane Al Kobra Mining | ر.س79.50 | 8.5% +ر.س400.2m | n/a | PE30.6x | |
| 2200 Arabian Pipes | ر.س40.90 | 3.5% +ر.س14.0m | -35.4% | PS1.1x | |
| 1321 East Pipes Integrated Company for Industry | ر.س41.50 | 1.0% +ر.س12.6m | n/a | PE119.5x |