We Like The Quality Of Riyadh Steel's (TADAWUL:9588) Earnings
Apr 02
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Saudi Arabian (Tadawul) Steel Industry Analysis
UpdatedApr 09, 2026
DataAggregated Company Financials
Companies13
- 7D5.4%
- 3M13.7%
- 1Y10.4%
- YTDn/a
Over the last 7 days, the Steel industry has risen 5.4%, driven by gains from East Pipes Integrated Company for Industry of 7.7%. In the last 12 months, the industry was up 10%. Looking forward, earnings are expected to remain mostly flat in the next few years.
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, 09 Apr 2026 | ر.س16.4b | ر.س16.9b | ر.س1.1b | 19.3x | 15.1x | 1x |
| Sat, 07 Mar 2026 | ر.س14.1b | ر.س16.5b | ر.س1.2b | 22.8x | 11.9x | 0.9x |
| Mon, 02 Feb 2026 | ر.س15.3b | ر.س16.2b | ر.س1.0b | 30.3x | 15x | 0.9x |
| Wed, 31 Dec 2025 | ر.س13.6b | ر.س15.7b | ر.س891.8m | 29.4x | 15.2x | 0.9x |
| Fri, 28 Nov 2025 | ر.س14.3b | ر.س15.8b | ر.س880.4m | 32.2x | 16.2x | 0.9x |
| Sun, 26 Oct 2025 | ر.س15.3b | ر.س15.9b | ر.س863.6m | 32.9x | 17.7x | 1x |
| Tue, 23 Sep 2025 | ر.س14.4b | ر.س15.9b | ر.س863.6m | 31.6x | 16.7x | 0.9x |
| Thu, 21 Aug 2025 | ر.س14.4b | ر.س15.7b | ر.س876.5m | 32.6x | 16.5x | 0.9x |
| Sat, 19 Jul 2025 | ر.س15.1b | ر.س15.8b | ر.س829.1m | 30.1x | 18.2x | 1x |
| Mon, 16 Jun 2025 | ر.س13.7b | ر.س15.7b | ر.س838.3m | 20.5x | 16.4x | 0.9x |
| Wed, 14 May 2025 | ر.س15.7b | ر.س15.4b | ر.س913.9m | 30.3x | 17.2x | 1x |
| Fri, 11 Apr 2025 | ر.س15.2b | ر.س15.5b | ر.س922.8m | 29.5x | 16.5x | 1x |
| Sun, 09 Mar 2025 | ر.س16.0b | ر.س15.1b | ر.س865.7m | 32.8x | 18.4x | 1.1x |
| Tue, 04 Feb 2025 | ر.س18.1b | ر.س15.4b | ر.س889.9m | 27.8x | 20.4x | 1.2x |
| Thu, 02 Jan 2025 | ر.س16.8b | ر.س15.4b | ر.س889.3m | 24.7x | 18.9x | 1.1x |
| Sat, 30 Nov 2024 | ر.س16.5b | ر.س15.4b | ر.س862.6m | 34.7x | 19.1x | 1.1x |
| Mon, 28 Oct 2024 | ر.س17.0b | ر.س14.6b | ر.س699.0m | 38.9x | 24.4x | 1.2x |
| Wed, 25 Sep 2024 | ر.س17.4b | ر.س14.6b | ر.س699.0m | 39x | 24.8x | 1.2x |
| Fri, 23 Aug 2024 | ر.س17.0b | ر.س14.4b | ر.س696.8m | 38.3x | 24.4x | 1.2x |
| Sun, 21 Jul 2024 | ر.س18.1b | ر.س13.6b | ر.س372.3m | 25.8x | 48.6x | 1.3x |
| Tue, 18 Jun 2024 | ر.س16.9b | ر.س13.5b | ر.س359.8m | 36.9x | 47.1x | 1.3x |
| Thu, 16 May 2024 | ر.س18.1b | ر.س12.8b | ر.س77.0m | 46.7x | 234.4x | 1.4x |
| Sat, 13 Apr 2024 | ر.س16.7b | ر.س12.5b | ر.س48.4m | 32.8x | 344.5x | 1.3x |
| Mon, 11 Mar 2024 | ر.س16.6b | ر.س12.3b | -ر.س6,359,405.00 | 37.4x | -2606.3x | 1.3x |
| Wed, 07 Feb 2024 | ر.س12.7b | ر.س11.7b | -ر.س161,898,197.00 | 33x | -78.2x | 1.1x |
| Fri, 05 Jan 2024 | ر.س11.9b | ر.س11.7b | -ر.س161,898,199.00 | 29.2x | -73.3x | 1x |
| Sun, 03 Dec 2023 | ر.س10.3b | ر.س11.6b | -ر.س235,300,965.00 | 25.6x | -43.8x | 0.9x |
| Tue, 31 Oct 2023 | ر.س9.6b | ر.س11.3b | -ر.س256,370,446.00 | 26.8x | -37.6x | 0.9x |
| Thu, 28 Sep 2023 | ر.س10.4b | ر.س11.2b | -ر.س249,995,901.00 | 20.8x | -41.8x | 0.9x |
| Sat, 26 Aug 2023 | ر.س10.2b | ر.س11.2b | -ر.س249,995,871.00 | 20.1x | -40.7x | 0.9x |
| Mon, 24 Jul 2023 | ر.س9.5b | ر.س10.2b | -ر.س151,832,195.00 | 26.6x | -62.5x | 0.9x |
| Wed, 21 Jun 2023 | ر.س9.4b | ر.س9.9b | -ر.س159,531,461.00 | 23.7x | -58.7x | 1x |
| Fri, 19 May 2023 | ر.س8.7b | ر.س9.5b | -ر.س143,110,011.00 | 22.7x | -60.6x | 0.9x |
| Sun, 16 Apr 2023 | ر.س8.1b | ر.س9.4b | -ر.س137,779,463.00 | 21.4x | -58.7x | 0.9x |
Price to Earnings Ratio
-58.7x
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 15.1x which is higher than its 3-year average PE of 12.3x.
- The industry is trading close to its 3-year average PS ratio of 1.0x.
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 21% 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 | -1.07% | |
| Materials | 2.79% | |
| Metals and Mining | 6.81% | |
| Steel | 5.36% | |
| Diversified Metals and Mining | 6.92% | |
| 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 | |
|---|---|---|---|---|---|
| 1304 Al Yamamah Steel Industries | ر.س38.06 | 10.2% +ر.س178.8m | 17.8% | PE20.9x | |
| 1321 East Pipes Integrated Company for Industry | ر.س176.00 | 2.3% +ر.س126.0m | 27.0% | PE11.2x | |
| 2220 National Metal Manufacturing and Casting | ر.س12.60 | 3.2% +ر.س13.8m | -11.1% | PS1.9x | |
| 1320 Saudi Steel Pipes | ر.س48.90 | 0.5% +ر.س13.1m | -7.6% | PE12.9x | |
| 9588 Riyadh Steel | ر.س1.58 | 1.9% +ر.س2.1m | -20.6% | PE19.3x |
