Saudi Steel Pipes Company

SASE:1320 Stock Report

Market Cap: ر.س3.3b

Saudi Steel Pipes Valuation

Is 1320 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 1320 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
ر.س67.92
Fair Value
5.0% undervalued intrinsic discount
2
Number of Analysts

Below Fair Value: 1320 (SAR64.5) is trading below our estimate of fair value (SAR67.92)

Significantly Below Fair Value: 1320 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1320?

Key metric: As 1320 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1320. This is calculated by dividing 1320's market cap by their current earnings.
What is 1320's PE Ratio?
PE Ratio15.2x
Earningsر.س215.13m
Market Capر.س3.26b

Price to Earnings Ratio vs Peers

How does 1320's PE Ratio compare to its peers?

The above table shows the PE ratio for 1320 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average43.6x
2200 Arabian Pipes
9.8x7.3%ر.س1.9b
1321 East Pipes Integrated Company for Industry
9.6xn/aر.س4.3b
1304 Al Yamamah Steel Industries
27.4xn/aر.س1.9b
9523 Group Five Pipe Saudi
127.4xn/aر.س1.1b
1320 Saudi Steel Pipes
15.2x9.8%ر.س3.3b

Price-To-Earnings vs Peers: 1320 is good value based on its Price-To-Earnings Ratio (15.2x) compared to the peer average (43.6x).

Price to Earnings Ratio vs Industry

How does 1320's PE Ratio compare vs other companies in the Asian Metals and Mining Industry?

30 CompaniesPrice / EarningsEstimated GrowthMarket Cap
1320 15.2xIndustry Avg. 19.3xNo. of Companies87PE01632486480+
30 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1320 is good value based on its Price-To-Earnings Ratio (15.2x) compared to the Asian Metals and Mining industry average (19.6x).

Price to Earnings Ratio vs Fair Ratio

What is 1320'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.

1320 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.2x
Fair PE Ratio23.9x

Price-To-Earnings vs Fair Ratio: 1320 is good value based on its Price-To-Earnings Ratio (15.2x) compared to the estimated Fair Price-To-Earnings Ratio (23.9x).

Analyst Price Targets

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

The above table shows the analyst 1320 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentر.س64.50
ر.س69.45
+7.7%
0.5%ر.س69.80ر.س69.10n/a2
Jan ’26ر.س65.30
ر.س69.45
+6.4%
0.5%ر.س69.80ر.س69.10n/a2
Dec ’25ر.س67.90
ر.س69.45
+2.3%
0.5%ر.س69.80ر.س69.10n/a2
Nov ’25ر.س71.30
ر.س67.85
-4.8%
2.9%ر.س69.80ر.س65.90n/a2
Oct ’25ر.س71.70
ر.س67.85
-5.4%
2.9%ر.س69.80ر.س65.90n/a2
Sep ’25ر.س70.20
ر.س67.85
-3.3%
2.9%ر.س69.80ر.س65.90n/a2
Aug ’25ر.س70.00
ر.س46.85
-33.1%
35.8%ر.س63.60ر.س30.10n/a2
Jul ’25ر.س71.70
ر.س46.85
-34.7%
35.8%ر.س63.60ر.س30.10n/a2
Jun ’25ر.س72.40
ر.س46.85
-35.3%
35.8%ر.س63.60ر.س30.10n/a2
May ’25ر.س80.80
ر.س35.70
-55.8%
15.7%ر.س41.30ر.س30.10n/a2
Apr ’25ر.س68.70
ر.س35.70
-48.0%
15.7%ر.س41.30ر.س30.10n/a2
Mar ’25ر.س49.15
ر.س30.50
-37.9%
1.3%ر.س30.90ر.س30.10n/a2
Analyst Price Target
Consensus Narrative from 2 Analysts
ر.س69.45
Fair Value
7.1% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/10 16:39
End of Day Share Price 2025/01/09 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Saudi Steel Pipes Company is covered by 6 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kais KriaaAlphaMena
Tarek El-ShawarbyEFG-Hermes Research
Eyad FarajGoldman Sachs