Saudi Steel Pipes Future Growth

Future criteria checks 3/6

Saudi Steel Pipes is forecast to grow earnings and revenue by 7.9% and 8.8% per annum respectively. EPS is expected to grow by 37.3% per annum. Return on equity is forecast to be 23.3% in 3 years.

Key information

7.9%

Earnings growth rate

37.3%

EPS growth rate

Metals and Mining earnings growth	25.0%
Revenue growth rate	8.8%
Future return on equity	23.3%
Analyst coverage	Low
Last updated	15 Aug 2024

Recent future growth updates

Recent updates

The Trend Of High Returns At Saudi Steel Pipes (TADAWUL:1320) Has Us Very Interested

Sep 07

There Is A Reason Saudi Steel Pipes Company's (TADAWUL:1320) Price Is Undemanding

Jul 03

Saudi Steel Pipes Company's (TADAWUL:1320) 145% Share Price Surge Not Quite Adding Up

Mar 18

Saudi Steel Pipes' (TADAWUL:1320) Performance Is Even Better Than Its Earnings Suggest

Mar 12

The Market Doesn't Like What It Sees From Saudi Steel Pipes Company's (TADAWUL:1320) Earnings Yet

Feb 02

Saudi Steel Pipes Company (TADAWUL:1320) Stock Catapults 28% Though Its Price And Business Still Lag The Market

Aug 25

Saudi Steel Pipes (TADAWUL:1320) Is Experiencing Growth In Returns On Capital

Aug 07

Saudi Steel Pipes (TADAWUL:1320) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Nov 18

We Like These Underlying Return On Capital Trends At Saudi Steel Pipes (TADAWUL:1320)

Jun 16

What Type Of Shareholders Own The Most Number of Saudi Steel Pipes Company (TADAWUL:1320) Shares?

Jan 22

If You Had Bought Saudi Steel Pipes (TADAWUL:1320) Shares Three Years Ago You'd Have Earned 83% Returns

Nov 30

Earnings and Revenue Growth Forecasts

SASE:1320 - Analysts future estimates and past financials data (SAR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	2,304	271	306	310	2
12/31/2025	2,122	255	288	274	2
12/31/2024	1,991	229	131	300	2
9/30/2024	1,857	230	344	352	N/A
6/30/2024	1,794	190	209	231	N/A
3/31/2024	1,683	223	237	251	N/A
12/31/2023	1,335	173	308	315	N/A
9/30/2023	993	127	150	156	N/A
6/30/2023	880	119	41	42	N/A
3/31/2023	730	47	85	86	N/A
12/31/2022	748	55	-14	-12	N/A
9/30/2022	710	45	-102	-99	N/A
6/30/2022	589	25	25	29	N/A
3/31/2022	465	6	-45	-40	N/A
12/31/2021	373	-18	55	62	N/A
9/30/2021	419	-19	188	197	N/A
6/30/2021	486	-6	95	107	N/A
3/31/2021	455	-27	106	120	N/A
12/31/2020	475	-33	31	47	N/A
9/30/2020	477	-37	-44	-31	N/A
6/30/2020	484	-61	-17	-7	N/A
3/31/2020	588	-43	-18	-9	N/A
12/31/2019	672	-27	43	49	N/A
9/30/2019	701	-127	19	32	N/A
6/30/2019	670	-137	41	65	N/A
3/31/2019	664	-163	-1	23	N/A
12/31/2018	646	-169	-38	-6	N/A
9/30/2018	672	-50	-25	4	N/A
6/30/2018	740	-41	N/A	13	N/A
3/31/2018	746	4	N/A	46	N/A
12/31/2017	696	19	N/A	65	N/A
9/30/2017	621	-58	N/A	80	N/A
6/30/2017	549	-39	N/A	123	N/A
3/31/2017	538	-43	N/A	105	N/A
12/31/2016	605	-45	N/A	76	N/A
9/30/2016	612	7	N/A	46	N/A
6/30/2016	669	10	N/A	85	N/A
3/31/2016	798	30	N/A	157	N/A
12/31/2015	852	33	N/A	159	N/A
9/30/2015	850	46	N/A	200	N/A
6/30/2015	912	45	N/A	103	N/A
3/31/2015	882	37	N/A	13	N/A
12/31/2014	858	29	N/A	102	N/A
9/30/2014	885	41	N/A	35	N/A
6/30/2014	816	51	N/A	76	N/A
3/31/2014	816	60	N/A	106	N/A
12/31/2013	839	79	N/A	46	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1320's forecast earnings growth (7.9% per year) is below the savings rate (14.7%).

Earnings vs Market: 1320's earnings (7.9% per year) are forecast to grow faster than the SA market (6.5% per year).

High Growth Earnings: 1320's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1320's revenue (8.8% per year) is forecast to grow faster than the SA market (-0.2% per year).

High Growth Revenue: 1320's revenue (8.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 1320's Return on Equity is forecast to be high in 3 years time (23.3%)

Saudi Steel Pipes Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target increased by 21% to ر.س25.40

Recent updates

The Trend Of High Returns At Saudi Steel Pipes (TADAWUL:1320) Has Us Very Interested

Second quarter 2024 earnings released: EPS: ر.س1.02 (vs ر.س1.68 in 2Q 2023)

There Is A Reason Saudi Steel Pipes Company's (TADAWUL:1320) Price Is Undemanding

Saudi Steel Pipes Company Approves Cash Dividend for Financial Year Ended March 31, 2024, Payable on August 7, 2024

Upcoming dividend of ر.س0.74 per share

Upcoming dividend of ر.س0.74 per share

Saudi Steel Pipes Company, Annual General Meeting, Jun 24, 2024

First quarter 2024 earnings released: EPS: ر.س1.11 (vs ر.س0.13 in 1Q 2023)

Investor sentiment improves as stock rises 16%

Saudi Steel Pipes Company's (TADAWUL:1320) 145% Share Price Surge Not Quite Adding Up

Saudi Steel Pipes' (TADAWUL:1320) Performance Is Even Better Than Its Earnings Suggest

Full year 2023 earnings released: EPS: ر.س3.43 (vs ر.س1.09 in FY 2022)

Investor sentiment improves as stock rises 27%

Now 23% overvalued after recent price rise

Now 22% overvalued

The Market Doesn't Like What It Sees From Saudi Steel Pipes Company's (TADAWUL:1320) Earnings Yet

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: EPS: ر.س0.49 (vs ر.س0.33 in 3Q 2022)

Investor sentiment improves as stock rises 18%

Saudi Steel Pipes Company (TADAWUL:1320) Stock Catapults 28% Though Its Price And Business Still Lag The Market

New major risk - Revenue and earnings growth

Price target increased by 21% to ر.س25.40

New major risk - Financial position

Second quarter 2023 earnings released

Saudi Steel Pipes (TADAWUL:1320) Is Experiencing Growth In Returns On Capital

Investor sentiment improves as stock rises 15%

Saudi Steel Pipes Company (SASE:1320) agreed to acquire additional 35% stake in Global Pipe Company from EEW Holding GmbH & Co. KG for $9.9 million.

Saudi Steel Pipes (TADAWUL:1320) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Third quarter 2022 earnings released: EPS: ر.س0.33 (vs ر.س0.065 loss in 3Q 2021)

Less than half of directors are independent

Second quarter 2022 earnings released: EPS: ر.س0.25 (vs ر.س0.14 loss in 2Q 2021)

We Like These Underlying Return On Capital Trends At Saudi Steel Pipes (TADAWUL:1320)

Saudi Steel Pipes Company Announces Executive Appointments

Saudi Steel Pipes Company Announces Management Appointments

First quarter 2022 earnings released

Less than half of directors are independent

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Second quarter 2021 earnings released: ر.س0.14 loss per share (vs ر.س0.56 loss in 2Q 2020)

First quarter 2021 earnings released: ر.س0.17 loss per share (vs ر.س0.35 loss in 1Q 2020)

Full year 2020 earnings released: ر.س0.68 loss per share (vs ر.س0.53 loss in FY 2019)

New 90-day high: ر.س31.80

What Type Of Shareholders Own The Most Number of Saudi Steel Pipes Company (TADAWUL:1320) Shares?

New 90-day high: ر.س29.25

If You Had Bought Saudi Steel Pipes (TADAWUL:1320) Shares Three Years Ago You'd Have Earned 83% Returns

New 90-day high: ر.س25.40

Third quarter 2020 earnings released: EPS ر.س0.19

Saudi Steel Pipe Company Announces Resignation of Carlos Ferreyra as Audit Committee Member

Saudi Steel Pipes Company Appoints Maged Mohammed Al-Dakheel as an Independent Board Member

New 90-day high: ر.س24.00

New 90-day high - ر.س20.74

New 90-day high - ر.س19.28

First half earnings released

New 90-day high - ر.س17.44

New 90-day high - ر.س17.34

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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