Group Five Pipe Saudi Company's (TADAWUL:9523) 38% Price Boost Is Out Of Tune With Earnings
Aug 15
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Saudi Arabian (Tadawul) Steel Industry Analysis
UpdatedSep 18, 2025
DataAggregated Company Financials
Companies13
- 7D1.7%
- 3M4.1%
- 1Y-19.7%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 2.2%, driven by a pullback from Saudi Steel Pipes of 2.2%. However, the industry is down 21% over the past year. Looking forward, earnings are forecast to grow by 1.8% annually.
Industry Valuation and Performance
Has the Saudi Arabian Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 18 Sep 2025 | ر.س13.8b | ر.س15.9b | ر.س863.6m | 31.6x | 16x | 0.9x |
| Sat, 16 Aug 2025 | ر.س14.1b | ر.س15.6b | ر.س855.4m | 32.4x | 16.5x | 0.9x |
| Mon, 14 Jul 2025 | ر.س15.6b | ر.س15.8b | ر.س829.1m | 31.3x | 18.8x | 1x |
| Wed, 11 Jun 2025 | ر.س14.4b | ر.س15.7b | ر.س838.3m | 21.1x | 17.2x | 0.9x |
| Fri, 09 May 2025 | ر.س15.3b | ر.س15.5b | ر.س919.8m | 30x | 16.7x | 1x |
| Sun, 06 Apr 2025 | ر.س16.2b | ر.س15.5b | ر.س922.8m | 29.7x | 17.5x | 1x |
| Tue, 04 Mar 2025 | ر.س16.8b | ر.س15.2b | ر.س891.6m | 34.5x | 18.9x | 1.1x |
| Thu, 30 Jan 2025 | ر.س17.9b | ر.س15.4b | ر.س889.9m | 28.2x | 20.1x | 1.2x |
| Sat, 28 Dec 2024 | ر.س16.6b | ر.س15.4b | ر.س862.6m | 35.3x | 19.2x | 1.1x |
| Mon, 25 Nov 2024 | ر.س16.4b | ر.س15.4b | ر.س862.6m | 36.3x | 19x | 1.1x |
| Wed, 23 Oct 2024 | ر.س17.4b | ر.س14.6b | ر.س699.0m | 38.1x | 24.9x | 1.2x |
| Fri, 20 Sep 2024 | ر.س17.1b | ر.س14.6b | ر.س699.0m | 38.5x | 24.5x | 1.2x |
| Sun, 18 Aug 2024 | ر.س16.4b | ر.س14.4b | ر.س696.8m | 37.2x | 23.5x | 1.1x |
| Tue, 16 Jul 2024 | ر.س18.1b | ر.س13.6b | ر.س372.3m | 26.9x | 48.6x | 1.3x |
| Thu, 13 Jun 2024 | ر.س17.5b | ر.س13.5b | ر.س351.6m | 37.8x | 49.6x | 1.3x |
| Sat, 11 May 2024 | ر.س17.9b | ر.س12.8b | ر.س97.3m | 48x | 184x | 1.4x |
| Mon, 08 Apr 2024 | ر.س16.7b | ر.س12.5b | ر.س48.4m | 32.8x | 344.5x | 1.3x |
| Wed, 06 Mar 2024 | ر.س16.4b | ر.س12.3b | -ر.س6,359,405.00 | 31.1x | -2577x | 1.3x |
| Fri, 02 Feb 2024 | ر.س12.1b | ر.س11.7b | -ر.س161,898,197.00 | 31.4x | -75x | 1x |
| Sun, 31 Dec 2023 | ر.س11.9b | ر.س11.6b | -ر.س235,300,965.00 | 30.1x | -50.4x | 1x |
| Tue, 28 Nov 2023 | ر.س10.3b | ر.س11.6b | -ر.س235,300,965.00 | 26x | -43.9x | 0.9x |
| Thu, 26 Oct 2023 | ر.س9.5b | ر.س11.3b | -ر.س256,370,446.00 | 26.2x | -37x | 0.8x |
| Sat, 23 Sep 2023 | ر.س10.5b | ر.س11.2b | -ر.س249,995,901.00 | 21x | -42.2x | 0.9x |
| Mon, 21 Aug 2023 | ر.س10.2b | ر.س11.2b | -ر.س249,995,871.00 | 20.3x | -40.9x | 0.9x |
| Wed, 19 Jul 2023 | ر.س9.5b | ر.س10.2b | -ر.س151,832,195.00 | 26.8x | -62.5x | 0.9x |
| Fri, 16 Jun 2023 | ر.س9.4b | ر.س9.9b | -ر.س159,531,461.00 | 24.3x | -59.2x | 1x |
| Sun, 14 May 2023 | ر.س8.5b | ر.س9.5b | -ر.س143,110,011.00 | 22.6x | -59.7x | 0.9x |
| Tue, 11 Apr 2023 | ر.س7.9b | ر.س9.1b | -ر.س241,546,581.00 | 20.7x | -32.7x | 0.9x |
| Thu, 09 Mar 2023 | ر.س7.3b | ر.س8.7b | -ر.س244,963,047.00 | 27x | -29.7x | 0.8x |
| Sat, 04 Feb 2023 | ر.س7.6b | ر.س8.7b | -ر.س244,963,047.00 | 21.2x | -30.8x | 0.9x |
| Mon, 02 Jan 2023 | ر.س6.8b | ر.س8.7b | -ر.س244,963,047.00 | 19.2x | -27.9x | 0.8x |
| Wed, 30 Nov 2022 | ر.س6.9b | ر.س8.7b | -ر.س113,068,041.00 | 18.9x | -61.2x | 0.8x |
| Fri, 28 Oct 2022 | ر.س7.8b | ر.س8.0b | -ر.س162,771,849.00 | 29.3x | -47.7x | 1x |
| Sun, 25 Sep 2022 | ر.س7.7b | ر.س8.0b | -ر.س162,771,849.00 | 29.2x | -47.5x | 1x |
Price to Earnings Ratio
-47.5x
Current Industry PE
- Investors are optimistic on the Saudi Steel industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 15.5x which is higher than its 3-year average PE of 1.3x.
- The 3-year average PS ratio of 1.0x is higher than the industry's current PS ratio of 0.84x.
Past Earnings Growth
- Total earnings for the Steel 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 Comparison
How does Saudi Arabian Steel compare with similar industries?
| SA Market | 3.02% | |
| Materials | 1.89% | |
| Metals and Mining | 3.66% | |
| Steel | 1.74% | |
| Diversified Metals and Mining | 3.79% | |
| Aluminum | 0% | 0 |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 1321 East Pipes Integrated Company for Industry | ر.س110.10 | 3.9% +ر.س129.2m | -25.9% | PE8.6x | |
| 1304 Al Yamamah Steel Industries | ر.س33.84 | 6.2% +ر.س100.6m | -4.8% | PE37.2x | |
| 1320 Saudi Steel Pipes | ر.س48.90 | 3.1% +ر.س73.8m | -32.5% | PE12.8x | |
| 2220 National Metal Manufacturing and Casting | ر.س17.59 | 11.3% +ر.س63.0m | 5.1% | PS2.4x | |
| 2240 Zamil Industrial Investment | ر.س31.64 | 3.3% +ر.س61.2m | 19.6% | PE29.6x |
