East Pipes Integrated Company for Industry's (TADAWUL:1321) Earnings Are Of Questionable Quality
Jun 10
Saudi Arabian (Tadawul) Metals and Mining Industry Analysis
UpdatedJul 01, 2024
DataAggregated Company Financials
Companies16
- 7D-4.4%
- 3M-12.0%
- 1Y4.3%
- YTD-10.4%
Over the last 7 days, the Metals and Mining industry has dropped 2.4%, driven by Saudi Arabian Mining Company (Ma'aden) declining 5.6%. Meanwhile, Al Taiseer Group TALCO Industrial actually outperformed within the industry, gaining 21% in the last week. Over the past 12 months, the industry was up 6.4%. As for the next few years, earnings are expected to grow by 29% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 01 Jul 2024 | ر.س183.9b | ر.س43.4b | ر.س2.6b | 37.3x | 70.6x | 4.2x |
| Wed, 29 May 2024 | ر.س196.4b | ر.س42.4b | ر.س2.4b | 80.9x | 82.7x | 4.6x |
| Fri, 26 Apr 2024 | ر.س212.7b | ر.س42.2b | ر.س1.7b | 95.2x | 128.2x | 5x |
| Sun, 24 Mar 2024 | ر.س216.1b | ر.س42.1b | ر.س1.6b | 43.7x | 131x | 5.1x |
| Tue, 20 Feb 2024 | ر.س207.4b | ر.س43.1b | ر.س1.7b | 38.8x | 123.2x | 4.8x |
| Thu, 18 Jan 2024 | ر.س181.0b | ر.س43.0b | ر.س1.6b | 35.5x | 112.3x | 4.2x |
| Sat, 16 Dec 2023 | ر.س163.6b | ر.س42.8b | ر.س1.5b | 34.6x | 106.4x | 3.8x |
| Mon, 13 Nov 2023 | ر.س152.4b | ر.س42.6b | ر.س1.6b | 41.6x | 96.8x | 3.6x |
| Wed, 11 Oct 2023 | ر.س158.6b | ر.س46.4b | ر.س3.7b | 37x | 42.6x | 3.4x |
| Fri, 08 Sep 2023 | ر.س157.1b | ر.س46.2b | ر.س3.7b | 27.7x | 42.1x | 3.4x |
| Sun, 06 Aug 2023 | ر.س172.0b | ر.س50.8b | ر.س7.6b | 24.5x | 22.7x | 3.4x |
| Tue, 04 Jul 2023 | ر.س170.0b | ر.س49.8b | ر.س7.5b | 24.4x | 22.6x | 3.4x |
| Thu, 01 Jun 2023 | ر.س167.9b | ر.س50.4b | ر.س9.3b | 25.7x | 18x | 3.3x |
| Sat, 29 Apr 2023 | ر.س184.1b | ر.س50.3b | ر.س9.3b | 21.6x | 19.8x | 3.7x |
| Mon, 27 Mar 2023 | ر.س167.2b | ر.س50.0b | ر.س9.3b | 21x | 18x | 3.3x |
| Wed, 22 Feb 2023 | ر.س174.6b | ر.س48.7b | ر.س10.3b | 25.8x | 16.9x | 3.6x |
| Fri, 20 Jan 2023 | ر.س196.3b | ر.س48.7b | ر.س10.3b | 20.8x | 19x | 4x |
| Sun, 18 Dec 2022 | ر.س171.7b | ر.س48.6b | ر.س10.4b | 18.3x | 16.4x | 3.5x |
| Tue, 15 Nov 2022 | ر.س182.1b | ر.س48.4b | ر.س10.4b | 23.4x | 17.5x | 3.8x |
| Thu, 13 Oct 2022 | ر.س193.2b | ر.س44.7b | ر.س9.6b | 22.8x | 20.2x | 4.3x |
| Sat, 10 Sep 2022 | ر.س184.0b | ر.س44.7b | ر.س9.6b | 23.8x | 19.2x | 4.1x |
| Mon, 08 Aug 2022 | ر.س162.9b | ر.س39.2b | ر.س6.8b | 22.3x | 24x | 4.2x |
| Wed, 06 Jul 2022 | ر.س135.6b | ر.س39.2b | ر.س6.8b | 18.9x | 20x | 3.5x |
| Fri, 03 Jun 2022 | ر.س168.9b | ر.س39.6b | ر.س7.0b | 23.1x | 24.3x | 4.3x |
| Sun, 01 May 2022 | ر.س186.5b | ر.س39.5b | ر.س7.0b | 24.4x | 26.6x | 4.7x |
| Tue, 29 Mar 2022 | ر.س174.0b | ر.س35.9b | ر.س5.4b | 12x | 32x | 4.8x |
| Thu, 24 Feb 2022 | ر.س130.8b | ر.س33.0b | ر.س3.9b | 12.7x | 33.4x | 4x |
| Sat, 22 Jan 2022 | ر.س124.4b | ر.س32.0b | ر.س3.8b | 16.7x | 32.8x | 3.9x |
| Mon, 20 Dec 2021 | ر.س104.1b | ر.س32.0b | ر.س3.8b | 17.2x | 27.4x | 3.3x |
| Wed, 17 Nov 2021 | ر.س104.7b | ر.س31.2b | ر.س3.7b | 20.5x | 28.1x | 3.4x |
| Fri, 15 Oct 2021 | ر.س116.6b | ر.س29.1b | ر.س2.4b | 20.2x | 47.9x | 4x |
| Sun, 12 Sep 2021 | ر.س106.8b | ر.س29.1b | ر.س2.4b | 20.4x | 43.9x | 3.7x |
| Tue, 10 Aug 2021 | ر.س99.2b | ر.س29.7b | ر.س2.5b | 20.2x | 40.1x | 3.3x |
Price to Earnings Ratio
35.8x
Current Industry PE
- Investors are optimistic on the Saudi Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 70.6x which is higher than its 3-year average PE of 45.8x.
- The industry is trading close to its 3-year average PS ratio of 3.9x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 13% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Saudi Arabian Materials industry?
| SA Market | -0.63% | |
| Materials | -1.45% | |
| Metals and Mining | -4.41% | |
| Steel | 2.08% | |
| Copper | 0% | |
| Aluminum | 0% | |
| Gold | 0% | |
| Precious Metals and Minerals | 0% | |
| Silver | 0% | |
| Diversified Metals and Mining | -5.28% | |
Industry PE
- Investors are most optimistic about the Diversified Metals and Mining industry which is trading above its 3-year average PE ratio of 41.7x.
- Analysts are expecting annual earnings growth of 29.0%, which is higher than its past year's earnings decline of 70.2% per year.
- Investors are most pessimistic about the Steel industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Diversified Metals and Mining industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings decline of 70% per year.
- In contrast, the Steel industry is expected to see its earnings grow by 27% 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 | |
|---|---|---|---|---|---|
| 4143 Al Taiseer Group TALCO Industrial | ر.س61.20 | 32.3% +ر.س598.0m | n/a | PE30.6x | |
| 1321 East Pipes Integrated Company for Industry | ر.س170.40 | 8.3% +ر.س409.5m | 155.1% | PE20.1x | |
| 1320 Saudi Steel Pipes | ر.س71.70 | 8.6% +ر.س288.1m | 160.7% | PE16.3x | |
| 2200 Arabian Pipes | ر.س197.00 | 11.9% +ر.س210.0m | 206.4% | PE11.2x | |
| 1322 Al Masane Al Kobra Mining | ر.س63.90 | 2.4% +ر.س133.2m | 10.0% | PE154x |