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.

Highest per Year (Riyal) Lowest per Year (Riyal)
44.95 19.00
Highest since listing (Riyal) Lowest since listing (Riyal)
44.95 12.05
Chart

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

Market Data :

Open 69.30
Low 68.50
High 69.60
Previous Close 69.70
Change (3M) (14.96 %)
Change (6M) 81.77 %
Market Value 3,508.80
Avg. Volume (3M) 920,494.95
Avg. Turnover (3M) 70,371,370.85
Avg. Transaction (3M) 4,672.38
Change(12M) 151.09 %
YTD 89.53 %
Overview

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%
Company Action

Financial Performance :

Financial Statements

Overview :

Saudi Steel Pipe Co. (SPP) was formed in Dammam as a limited liability company, with a capital of SAR 24.1 million in 1980. The company’s main activity includes manufacturing of electrically resistance welded steel pipes (ERW) for the energy, industrial and construction segments in the Middle East and North Africa. SSP also offers oil and gas customers a full range of products including oil country tubular goods (OCTG), line pipe (LP), API premium connections (PC), and related accessories...
Profile


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 3,508.80
Shares Outstanding ((M)) 51.00
EPS ( Riyal) (TTM) 4.37
Book Value (BV) ( Riyal) (Latest announcement) 15.25
Adjusted P/E (Last12) 18.26
Price/book 4.51
Dividend Yield (%) (Last Year) 1.07
Return on Average Assets (%) (TTM) 15.56
Return on Average Equity (%) (TTM) 33.38
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 4,051.08
Ratios


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