Saudi Steel Pipe hits all-time high

26/02/2024 Argaam Exclusive

Shares of Saudi Steel Pipe Co. (SSP) reached its highest level since its debut on the Saudi Exchange (Tadawul) at SAR 44.95, with nearly 5.3 million shares traded.

Year High (SAR) Year Low (SAR)
44.95 19.00
Highest Since Debut (SAR) Lowest Since Debut (SAR)
44.95 12.05

The stock hit an intraday high of SAR 41.80 (-2%).

Market Data :

Open 51.00
Low 50.80
High 52.40
Previous Close 53.35
Change (3M) (2.81 %)
Change (6M) (5.89 %)
Market Value 2,649.45
Avg. Volume (3M) 176,182.13
Avg. Turnover (3M) 9,155,349.06
Avg. Transaction (3M) 1,051.73
Change(12M) (26.52 %)
YTD (20.20 %)

SSP has not made any changes to its capital since listing in 2009, as indicated below:

Adjustments to the capital (M Riyal) :

Date Type Capital (M Riyal) Change (%)
2009 IPO   510.00 45.71%

Financial Performance :

Overview :

The company was founded in Dammam in 1980 as a limited liability company with an initial capital of SAR 24.10 million. Commencing operations two years later, the company was transitioned to a closed joint-stock company in 2008 and subsequently to a public joint-stock company in 2009. The company's core business includes the manufacture of galvanized and non-galvanized steel pipes, square tubes, and rectangular tubes. Its operations are structured across two primary business segments: steel ...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 2,649.45
Shares Outstanding ((M)) 51.00
EPS ( Riyal) (TTM) 3.33
Book Value (BV) ( Riyal) (Latest announcement) 15.88
Recurring P/E 22.83
Price/book 3.27
Dividend Yield (%) (Last Year) 7.60
Return on Average Assets (%) (TTM) 10.15
Return on Average Equity (%) (TTM) 20.55
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M Riyal) 3,147.57
EV/adj EBITDA 10.30
EV/Revenues 2.43


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