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ASPM

Arabian Steel Pipes Manufacturing ASE:ASPMM Stock Report

Last Price

د.أ0.75

Market Cap

د.أ6.8m

7D

0%

1Y

19.0%

Updated

29 Sep, 2022

Data

Company Financials
ASPMM fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends3/6

ASPMM Stock Overview

Arabian Steel Pipes Manufacturing CO. LTD manufactures and sells various pipes and tubes in Jordan.

Arabian Steel Pipes Manufacturing Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Arabian Steel Pipes Manufacturing
Historical stock prices
Current Share Priceد.أ0.75
52 Week Highد.أ0.85
52 Week Lowد.أ0.62
Beta-0.042
1 Month Change-6.25%
3 Month Change8.70%
1 Year Change19.05%
3 Year Change5.63%
5 Year Change-40.95%
Change since IPO-77.35%

Recent News & Updates

Shareholder Returns

ASPMMJO Metals and MiningJO Market
7D0%2.1%-0.2%
1Y19.0%31.1%19.1%

Return vs Industry: ASPMM underperformed the JO Metals and Mining industry which returned 31.9% over the past year.

Return vs Market: ASPMM matched the JO Market which returned 18.6% over the past year.

Price Volatility

Is ASPMM's price volatile compared to industry and market?
ASPMM volatility
ASPMM Average Weekly Movementn/a
Metals and Mining Industry Average Movement5.8%
Market Average Movement4.4%
10% most volatile stocks in JO Market6.3%
10% least volatile stocks in JO Market2.4%

Stable Share Price: Insufficient data to determine ASPMM's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine ASPMM's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1983n/aMazen Adnan Khanjihttps://www.asp-jo.com

Arabian Steel Pipes Manufacturing CO. LTD manufactures and sells various pipes and tubes in Jordan. The company offers black and galvanized seam welded steel pipes for use in water lines, gas lines, firefighting, HVAC lines, and electric poles; and coated pipes.

Arabian Steel Pipes Manufacturing Fundamentals Summary

How do Arabian Steel Pipes Manufacturing's earnings and revenue compare to its market cap?
ASPMM fundamental statistics
Market Capد.أ6.75m
Earnings (TTM)د.أ1.11m
Revenue (TTM)د.أ10.11m

6.1x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASPMM income statement (TTM)
Revenueد.أ10.11m
Cost of Revenueد.أ8.33m
Gross Profitد.أ1.78m
Other Expensesد.أ674.12k
Earningsد.أ1.11m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.12
Gross Margin17.62%
Net Profit Margin10.95%
Debt/Equity Ratio8.2%

How did ASPMM perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

33%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is ASPMM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ASPMM?

Other financial metrics that can be useful for relative valuation.

ASPMM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.7x
Enterprise Value/EBITDA4.5x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does ASPMM's PE Ratio compare to its peers?

ASPMM PE Ratio vs Peers
The above table shows the PE ratio for ASPMM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12x
AALU Arab Aluminium Industry
17.4xn/aد.أ19.3m
NATA National Aluminium Industrial
14xn/aد.أ12.3m
RMCC Ready Mix Concrete and Construction Supplies
6xn/aد.أ10.8m
ASAS ASSAS FOR CONCRETE PRODUCTS
10.7xn/aد.أ3.8m
ASPMM Arabian Steel Pipes Manufacturing
6.1xn/aد.أ6.8m

Price-To-Earnings vs Peers: ASPMM is good value based on its Price-To-Earnings Ratio (6.1x) compared to the peer average (12x).


Price to Earnings Ratio vs Industry

How does ASPMM's PE Ratio compare vs other companies in the Asian Metals and Mining Industry?

Price-To-Earnings vs Industry: ASPMM is good value based on its Price-To-Earnings Ratio (6.1x) compared to the Asian Metals and Mining industry average (10.5x)


Price to Earnings Ratio vs Fair Ratio

What is ASPMM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ASPMM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ASPMM's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of ASPMM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ASPMM (JOD0.75) is trading above our estimate of fair value (JOD0.5)

Significantly Below Fair Value: ASPMM is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Arabian Steel Pipes Manufacturing forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.6%

Forecasted Materials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Arabian Steel Pipes Manufacturing has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

Past Performance

How has Arabian Steel Pipes Manufacturing performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-24.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ASPMM has high quality earnings.

Growing Profit Margin: ASPMM became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ASPMM's earnings have declined by 24.6% per year over the past 5 years.

Accelerating Growth: ASPMM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ASPMM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (28.9%).


Return on Equity

High ROE: ASPMM's Return on Equity (8.5%) is considered low.


Discover strong past performing companies

Financial Health

How is Arabian Steel Pipes Manufacturing's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ASPMM's short term assets (JOD10.7M) exceed its short term liabilities (JOD1.9M).

Long Term Liabilities: ASPMM has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: ASPMM's net debt to equity ratio (0.2%) is considered satisfactory.

Reducing Debt: ASPMM's debt to equity ratio has reduced from 10% to 8.2% over the past 5 years.

Debt Coverage: ASPMM's debt is well covered by operating cash flow (140.5%).

Interest Coverage: ASPMM's interest payments on its debt are well covered by EBIT (24.8x coverage).


Balance Sheet


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Dividend

What is Arabian Steel Pipes Manufacturing current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.33%

Current Dividend Yield

Dividend Yield vs Market

Arabian Steel Pipes Manufacturing Dividend Yield vs Market
How does Arabian Steel Pipes Manufacturing dividend yield compare to the market?
SegmentDividend Yield
Company (Arabian Steel Pipes Manufacturing)5.3%
Market Bottom 25% (JO)4.2%
Market Top 25% (JO)6.5%
Industry Average (Metals and Mining)4.6%
Analyst forecast in 3 Years (Arabian Steel Pipes Manufacturing)n/a

Notable Dividend: ASPMM's dividend (5.33%) is higher than the bottom 25% of dividend payers in the JO market (4.27%).

High Dividend: ASPMM's dividend (5.33%) is low compared to the top 25% of dividend payers in the JO market (6.54%).


Stability and Growth of Payments

Stable Dividend: ASPMM's dividend payments have been volatile in the past 10 years.

Growing Dividend: ASPMM's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (32.9%), ASPMM's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (25.3%), ASPMM's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

د.أ120k

CEO Compensation


CEO

Mazen Adnan Khanji (56 yo)

13.67yrs

Tenure

د.أ120,000

Compensation

HE Eng. Mazen Adnan Abdullatif Khanji is a Trustee of Petra Education Co. Public Shareholding Co. since December 2017. HE Eng. Abdullatif Khanji has been General Manager at Arabian Steel Pipes Manufacturin...


CEO Compensation Analysis

Mazen Adnan Khanji's Compensation vs Arabian Steel Pipes Manufacturing Earnings
How has Mazen Adnan Khanji's remuneration changed compared to Arabian Steel Pipes Manufacturing's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

د.أ1m

Mar 31 2022n/an/a

د.أ859k

Dec 31 2021n/an/a

د.أ611k

Sep 30 2021n/an/a

د.أ44k

Jun 30 2021n/an/a

-د.أ386k

Mar 31 2021n/an/a

-د.أ530k

Dec 31 2020n/an/a

-د.أ841k

Sep 30 2020n/an/a

د.أ122k

Jun 30 2020n/an/a

-د.أ14k

Mar 31 2020n/an/a

د.أ131k

Dec 31 2019n/an/a

د.أ220k

Sep 30 2019n/an/a

-د.أ92k

Jun 30 2019n/an/a

د.أ185k

Mar 31 2019n/an/a

د.أ163k

Dec 31 2018n/an/a

د.أ391k

Sep 30 2018n/an/a

د.أ519k

Jun 30 2018n/an/a

د.أ547k

Mar 31 2018n/an/a

د.أ795k

Dec 31 2017n/an/a

د.أ866k

Sep 30 2017n/an/a

د.أ1m

Jun 30 2017n/an/a

د.أ766k

Mar 31 2017n/an/a

د.أ533k

Dec 31 2016n/an/a

د.أ533k

Sep 30 2016n/an/a

-د.أ977k

Jun 30 2016n/an/a

-د.أ507k

Mar 31 2016n/an/a

-د.أ523k

Dec 31 2015د.أ120kد.أ120k

-د.أ635k

Compensation vs Market: Insufficient data to establish whether Mazen Adnan's total compensation is reasonable compared to companies of similar size in the JO market.

Compensation vs Earnings: Insufficient data to compare Mazen Adnan's compensation with company performance.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of ASPMM?
Owner TypeNumber of SharesOwnership Percentage
General Public1,087,29012.1%
Institutions1,155,87012.8%
Individual Insiders1,322,91014.7%
Public Companies5,433,93060.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 9 shareholders own 75.08% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
60.38%
Al Baraka Group B.S.C.
5,433,930JOD4.1m0%no data
4.28%
Ibrahim Dukhan
385,470JOD289.1k0%no data
2%
Ahed Shahada
180,000JOD135.0k0%no data
2%
Mustafa Alma Al Husseini
180,000JOD135.0k1.11%no data
1.56%
Musa Mohammed Awadullah Al Satri
140,040JOD105.0k0%no data
1.55%
Fatima Shalbaya
139,500JOD104.6k0%no data
1.27%
Awad Al Jamal
114,030JOD85.5k0%no data
1.04%
Abduljabbar Massoud
93,330JOD70.0k0%no data
1.01%
Mohammed Nawfal
90,540JOD67.9k0%no data

Company Information

Arabian Steel Pipes Manufacturing CO. LTD's employee growth, exchange listings and data sources


Key Information

  • Name: Arabian Steel Pipes Manufacturing CO. LTD
  • Ticker: ASPMM
  • Exchange: ASE
  • Founded: 1983
  • Industry: Steel
  • Sector: Materials
  • Implied Market Cap: د.أ6.750m
  • Shares outstanding: 9.00m
  • Website: https://www.asp-jo.com

Location

  • Arabian Steel Pipes Manufacturing CO. LTD
  • 13 Amman Industrial Estate
  • Sahab
  • Amman
  • 11512
  • Jordan


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASPMMASE (Amman Stock Exchange)YesCommon SharesJOJODAug 1996

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/07 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.