Arabian Pipes' (TADAWUL:2200) Promising Earnings May Rest On Soft Foundations
Mar 21
Saudi Arabian (Tadawul) Steel Industry Analysis
UpdatedApr 17, 2024
DataAggregated Company Financials
Companies12
- 7D3.8%
- 3M41.2%
- 1Y95.0%
- YTDn/a
Over the last 7 days, the Steel industry has risen 4.3%, driven by gains in East Pipes Integrated Company for Industry and Saudi Steel Pipes of 6.6% and 6.7%, respectively. This takes the industry's 12 month performance to a gain of 97%. As for the next few years, earnings are expected to grow by 132% per annum.
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 |
|---|---|---|---|---|---|---|
| Wed, 17 Apr 2024 | ر.س17.4b | ر.س12.5b | ر.س27.4m | 44.6x | 635.8x | 1.4x |
| Fri, 15 Mar 2024 | ر.س18.2b | ر.س12.4b | ر.س17.8m | 38.3x | 1024.2x | 1.5x |
| Sun, 11 Feb 2024 | ر.س13.0b | ر.س11.7b | -ر.س161,898,197.00 | 34.1x | -80.3x | 1.1x |
| Tue, 09 Jan 2024 | ر.س12.0b | ر.س11.7b | -ر.س161,898,197.00 | 30.8x | -74.4x | 1x |
| Thu, 07 Dec 2023 | ر.س10.8b | ر.س11.6b | -ر.س235,300,965.00 | 27.4x | -46.1x | 0.9x |
| Sat, 04 Nov 2023 | ر.س10.1b | ر.س11.3b | -ر.س256,370,446.00 | 26.9x | -39.2x | 0.9x |
| Mon, 02 Oct 2023 | ر.س10.5b | ر.س11.3b | -ر.س245,837,554.00 | 27.9x | -42.7x | 0.9x |
| Wed, 30 Aug 2023 | ر.س10.3b | ر.س11.2b | -ر.س249,995,871.00 | 20.7x | -41.1x | 0.9x |
| Fri, 28 Jul 2023 | ر.س10.0b | ر.س10.8b | -ر.س102,279,554.00 | 23.2x | -98.2x | 0.9x |
| Sun, 25 Jun 2023 | ر.س9.2b | ر.س9.9b | -ر.س159,531,461.00 | 23.5x | -57.9x | 0.9x |
| Tue, 23 May 2023 | ر.س8.7b | ر.س9.4b | -ر.س151,268,011.00 | 26.3x | -57.7x | 0.9x |
| Thu, 20 Apr 2023 | ر.س8.2b | ر.س9.5b | -ر.س143,110,011.00 | 21.4x | -57.2x | 0.9x |
| Sat, 18 Mar 2023 | ر.س7.0b | ر.س9.1b | -ر.س178,599,239.00 | 19.9x | -39.2x | 0.8x |
| Mon, 13 Feb 2023 | ر.س7.4b | ر.س8.7b | -ر.س244,963,047.00 | 23.5x | -30.4x | 0.9x |
| Wed, 11 Jan 2023 | ر.س7.3b | ر.س8.7b | -ر.س244,963,047.00 | 20.1x | -29.6x | 0.8x |
| Fri, 09 Dec 2022 | ر.س6.8b | ر.س8.7b | -ر.س113,068,041.00 | 18.6x | -60.5x | 0.8x |
| Sun, 06 Nov 2022 | ر.س7.7b | ر.س8.0b | -ر.س162,771,849.00 | 28.6x | -47.5x | 1x |
| Tue, 04 Oct 2022 | ر.س8.0b | ر.س8.0b | -ر.س162,771,849.00 | 30.1x | -48.9x | 1x |
| Thu, 01 Sep 2022 | ر.س8.8b | ر.س8.5b | -ر.س124,015,941.00 | 20.7x | -71.2x | 1x |
| Sat, 30 Jul 2022 | ر.س8.3b | ر.س8.4b | -ر.س49,111,902.00 | 19.7x | -169.5x | 1x |
| Mon, 27 Jun 2022 | ر.س7.6b | ر.س8.4b | -ر.س49,111,902.00 | 18.6x | -153.8x | 0.9x |
| Wed, 25 May 2022 | ر.س9.0b | ر.س8.8b | ر.س117.3m | 18.6x | 77x | 1x |
| Fri, 22 Apr 2022 | ر.س10.0b | ر.س8.7b | ر.س165.4m | 18x | 60.4x | 1.2x |
| Sun, 20 Mar 2022 | ر.س9.9b | ر.س9.2b | ر.س215.0m | 11.4x | 46x | 1.1x |
| Tue, 15 Feb 2022 | ر.س8.9b | ر.س8.3b | ر.س73.3m | 13x | 121.1x | 1.1x |
| Thu, 13 Jan 2022 | ر.س9.0b | ر.س8.2b | ر.س82.4m | 13.1x | 108.9x | 1.1x |
| Sat, 11 Dec 2021 | ر.س9.0b | ر.س8.3b | ر.س67.6m | 13.1x | 133.8x | 1.1x |
| Mon, 08 Nov 2021 | ر.س8.5b | ر.س7.4b | ر.س11.4m | n/a | 743.7x | 1.1x |
| Wed, 06 Oct 2021 | ر.س9.3b | ر.س7.4b | -ر.س10,796,358.00 | 16.5x | -865.1x | 1.3x |
| Fri, 03 Sep 2021 | ر.س10.5b | ر.س8.0b | ر.س32.0m | 19.7x | 329.3x | 1.3x |
| Sun, 01 Aug 2021 | ر.س11.0b | ر.س8.0b | ر.س32.0m | 19.7x | 345.6x | 1.4x |
| Wed, 05 May 2021 | ر.س9.1b | ر.س7.6b | -ر.س128,747,350.00 | 20.6x | -70.8x | 1.2x |
Price to Earnings Ratio
-70.8x
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 633x which is higher than its 3-year average PE of -80.5x.
- The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.4x.
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 18% 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 | -1.10% | |
| Materials | -3.40% | |
| Metals and Mining | 1.01% | |
| Steel | 3.79% | |
| Diversified Metals and Mining | 0.78% | |
| Copper | 0% | |
| Aluminum | 0% | |
| Gold | 0% | |
| Precious Metals and Minerals | 0% | |
| Silver | 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 | |
|---|---|---|---|---|---|
| 1320 Saudi Steel Pipes | ر.س79.40 | 11.0% +ر.س399.3m | 236.4% | PE23.2x | |
| 1321 East Pipes Integrated Company for Industry | ر.س136.20 | 4.8% +ر.س195.3m | 162.9% | PE34.4x | |
| 1304 Al Yamamah Steel Industries | ر.س42.50 | 4.9% +ر.س101.6m | 77.5% | PS1.2x | |
| 2200 Arabian Pipes | ر.س169.60 | 4.3% +ر.س70.0m | 237.8% | PE12.8x | |
| 9588 Riyadh Steel | ر.س37.00 | 1.2% +ر.س2.3m | n/a | n/a |
