Arabian Pipes' (TADAWUL:2200) Solid Profits Have Weak Fundamentals
Nov 17
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Saudi Arabian (Tadawul) Steel Industry Analysis
UpdatedNov 19, 2024
DataAggregated Company Financials
Companies12
- 7D-5.5%
- 3M-5.3%
- 1Y53.2%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 5.5%, driven by a pullback from East Pipes Integrated Company for Industry of 11%. In contrast, Group Five Pipe Saudi has gained 5.3%. Over the past 12 months, the industry was up 53%. As for the next few years, earnings are expected to grow by 37% 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 |
|---|---|---|---|---|---|---|
| Tue, 19 Nov 2024 | ر.س16.0b | ر.س15.4b | ر.س837.5m | 35.6x | 19.1x | 1x |
| Thu, 17 Oct 2024 | ر.س17.5b | ر.س14.6b | ر.س699.0m | 39.1x | 25x | 1.2x |
| Sat, 14 Sep 2024 | ر.س17.0b | ر.س14.6b | ر.س699.0m | 39.1x | 24.4x | 1.2x |
| Mon, 12 Aug 2024 | ر.س16.0b | ر.س14.3b | ر.س648.5m | 25.2x | 24.7x | 1.1x |
| Wed, 10 Jul 2024 | ر.س17.9b | ر.س13.5b | ر.س361.2m | 33.6x | 49.7x | 1.3x |
| Fri, 07 Jun 2024 | ر.س16.5b | ر.س13.5b | ر.س351.6m | 36.9x | 46.8x | 1.2x |
| Sun, 05 May 2024 | ر.س17.6b | ر.س12.5b | ر.س27.4m | 46.8x | 644.6x | 1.4x |
| Tue, 02 Apr 2024 | ر.س16.4b | ر.س12.4b | ر.س18.9m | 32.2x | 866.1x | 1.3x |
| Thu, 29 Feb 2024 | ر.س15.6b | ر.س11.9b | -ر.س90,449,597.00 | 39.1x | -173x | 1.3x |
| Sat, 27 Jan 2024 | ر.س12.6b | ر.س11.7b | -ر.س161,898,197.00 | 33x | -77.9x | 1.1x |
| Mon, 25 Dec 2023 | ر.س11.6b | ر.س11.6b | -ر.س235,300,965.00 | 28.2x | -49.1x | 1x |
| Wed, 22 Nov 2023 | ر.س10.3b | ر.س11.6b | -ر.س235,300,965.00 | 25.8x | -43.9x | 0.9x |
| Fri, 20 Oct 2023 | ر.س10.0b | ر.س11.3b | -ر.س256,370,446.00 | 27.3x | -39x | 0.9x |
| Sun, 17 Sep 2023 | ر.س10.7b | ر.س11.2b | -ر.س249,995,901.00 | 21.4x | -42.8x | 1x |
| Tue, 15 Aug 2023 | ر.س10.1b | ر.س10.8b | -ر.س102,762,512.00 | 23.3x | -98.7x | 0.9x |
| Thu, 13 Jul 2023 | ر.س9.8b | ر.س10.2b | -ر.س151,832,195.00 | 28x | -64.2x | 1x |
| Sat, 10 Jun 2023 | ر.س9.3b | ر.س9.9b | -ر.س159,531,461.00 | 23.8x | -58.6x | 0.9x |
| Mon, 08 May 2023 | ر.س8.4b | ر.س9.5b | -ر.س143,110,011.00 | 22.3x | -58.5x | 0.9x |
| Wed, 05 Apr 2023 | ر.س7.9b | ر.س9.1b | -ر.س178,599,239.00 | 22.3x | -44x | 0.9x |
| Fri, 03 Mar 2023 | ر.س7.3b | ر.س8.7b | -ر.س244,963,047.00 | 26.6x | -29.7x | 0.8x |
| Sun, 29 Jan 2023 | ر.س7.4b | ر.س8.7b | -ر.س244,963,047.00 | 20.8x | -30.4x | 0.9x |
| Tue, 27 Dec 2022 | ر.س6.9b | ر.س8.8b | -ر.س108,498,777.00 | 20.1x | -63.5x | 0.8x |
| Thu, 24 Nov 2022 | ر.س7.3b | ر.س8.7b | -ر.س113,068,041.00 | 20.3x | -65x | 0.8x |
| Sat, 22 Oct 2022 | ر.س8.0b | ر.س8.0b | -ر.س162,771,849.00 | 29.7x | -49.1x | 1x |
| Mon, 19 Sep 2022 | ر.س7.9b | ر.س8.0b | -ر.س162,771,849.00 | 30.2x | -48.4x | 1x |
| Wed, 17 Aug 2022 | ر.س8.9b | ر.س8.7b | -ر.س59,326,410.00 | 19.8x | -150.5x | 1x |
| Fri, 15 Jul 2022 | ر.س7.7b | ر.س8.4b | -ر.س49,111,902.00 | 18.5x | -157.3x | 0.9x |
| Sun, 12 Jun 2022 | ر.س9.1b | ر.س8.4b | -ر.س49,111,902.00 | 20.7x | -185.6x | 1.1x |
| Tue, 10 May 2022 | ر.س9.8b | ر.س8.7b | ر.س165.4m | 17.9x | 59x | 1.1x |
| Thu, 07 Apr 2022 | ر.س10.1b | ر.س8.7b | ر.س29.0m | 17.1x | 348.3x | 1.2x |
| Sat, 05 Mar 2022 | ر.س10.1b | ر.س9.2b | ر.س215.0m | 11.6x | 46.8x | 1.1x |
| Mon, 31 Jan 2022 | ر.س9.1b | ر.س8.2b | ر.س82.4m | n/a | 109.9x | 1.1x |
| Wed, 29 Dec 2021 | ر.س8.8b | ر.س8.2b | ر.س82.4m | 12.9x | 107.1x | 1.1x |
| Fri, 26 Nov 2021 | ر.س7.7b | ر.س7.3b | -ر.س14,808,650.00 | 15.2x | -517x | 1.1x |
Price to Earnings Ratio
-517x
Current Industry PE
- Investors are pessimistic on the Saudi Steel 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 19.1x which is higher than its 3-year average PE of -19.4x.
- 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 28% 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 | -1.34% | |
| Materials | -0.61% | |
| Metals and Mining | 2.55% | |
| Steel | -5.52% | |
| Diversified Metals and Mining | 3.33% | |
| 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 | |
|---|---|---|---|---|---|
| 9523 Group Five Pipe Saudi | ر.س40.10 | 5.5% +ر.س58.8m | 56.9% | PE126.1x | |
| 9513 Watani Iron Steel | ر.س2.40 | 4.8% +ر.س20.0m | -1.6% | PE67.9x | |
| 9553 Molan Steel | ر.س3.19 | 2.9% +ر.س2.4m | -48.7% | PS1x |
