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 67.70
Low 67.30
High 68.50
Previous Close 68.00
Change (3M) 0.88 %
Change (6M) (5.52 %)
Market Value 3,493.50
Avg. Volume (3M) 382,227.43
Avg. Turnover (3M) 27,386,184.72
Avg. Transaction (3M) 2,051.97
Change(12M) 102.96 %
YTD 88.71 %

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 :

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...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 3,493.50
Shares Outstanding ((M)) 51.00
EPS ( Riyal) (TTM) 4.22
Book Value (BV) ( Riyal) (Latest announcement) 16.51
Adjusted P/E (Last12) 16.23
Price/book 4.15
Dividend Yield (%) (Last Year) 1.07
Return on Average Assets (%) (TTM) 11.10
Return on Average Equity (%) (TTM) 28.55
Par Value ( Riyal) 10.00
Enterprise Value (EV) (M) 4,038.31


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