Company Valuation: Saudi Steel Pipes Company

Data adjusted to current consolidation scope
Fiscal Period: December 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 904.7 1,835 3,290 1,879 2,495 - -
Change - 102.79% 79.34% -42.89% 32.76% - -
Enterprise Value (EV) 1 904.7 2,164 3,663 1,925 2,584 2,497 2,495
Change - 139.22% 69.26% -47.45% 34.23% -3.37% -0.08%
P/E - - 18.4x 9.81x 18x 17.9x -
PBR - - - 1.61x 1.86x 1.59x 1.38x
PEG - - - 1.4x -0.6x 49.05x -
Capitalization / Revenue 1.21x 1.37x 2.02x 1.33x 1.72x 1.6x 1.48x
EV / Revenue 1.21x 1.62x 2.25x 1.36x 1.78x 1.61x 1.48x
EV / EBITDA 8.15x 8.04x 9.49x 5.66x 7.52x 6.84x 5.76x
EV / EBIT 13x 9.61x 11.9x 7.49x 9.75x 8.84x 7.17x
EV / FCF - 7.04x -749x 5.91x 358x 18.1x -
FCF Yield - 14.2% -0.13% 16.9% 0.28% 5.53% -
Dividend per Share 2 - - 1 - 1 1.375 1.75
Rate of return - - 1.54% - 2.03% 2.79% 3.55%
EPS 2 - - 3.542 3.79 2.74 2.75 -
Distribution rate - - 28.2% - 36.5% 50% -
Net sales 1 747.6 1,335 1,630 1,412 1,451 1,556 1,683
EBITDA 1 111 269.2 386 340 343.5 365 433
EBIT 1 69.51 225.2 307 257 265 282.5 348
Net income 1 - 217.3 180.6 192 138 139 142
Net Debt 1 - 329.6 373 45.86 89.2 2.05 -
Reference price 2 17.90 36.30 65.10 37.18 49.36 49.36 49.36
Nbr of stocks (in thousands) 50,542 50,542 50,542 50,542 50,542 - -
Announcement Date 2/26/23 A 3/4/24 A 2/20/25 A 2/19/26 A - - -
1SAR in Million2SAR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.01x1.78x7.52x2.03% 664M
20.54x1.77x9.7x0.56% 30.92B
11.48x0.44x4.26x4.75% 17.93B
29.03x2.28x12.89x0.23% 10.88B
76.13x6.25x35.28x0.39% 10.44B
10.04x - - - 10.1B
16.63x0.9x7.57x5.54% 9.96B
80x1.36x13.29x1.12% 8.88B
8.42x0.52x3.82x5.63% 8.67B
Average 30.03x 1.91x 11.79x 2.53% 12.05B
Weighted average by Cap. 27.79x 1.82x 11.35x 2.28%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Saudi Steel Pipes Company