Stock Analysis
- Saudi Arabia
- /
- Metals and Mining
- /
- SASE:1320
Saudi Steel Pipes Full Year 2023 Earnings: EPS: ر.س3.43 (vs ر.س1.09 in FY 2022)
Saudi Steel Pipes (TADAWUL:1320) Full Year 2023 Results
Key Financial Results
- Revenue: ر.س1.33b (up 79% from FY 2022).
- Net income: ر.س173.3m (up 216% from FY 2022).
- Profit margin: 13% (up from 7.3% in FY 2022). The increase in margin was driven by higher revenue.
- EPS: ر.س3.43 (up from ر.س1.09 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Saudi Steel Pipes Earnings Insights
Looking ahead, revenue is expected to decline by 6.5% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Asia are expected to grow by 9.4%.
Performance of the market in Saudi Arabia.
The company's shares are up 35% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Saudi Steel Pipes (1 is concerning!) that you should be aware of.
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About SASE:1320
Saudi Steel Pipes
Saudi Steel Pipes Company manufactures and sells steel pipes in the Kingdom of Saudi Arabia and internationally.
Outstanding track record with excellent balance sheet.