Saudi Steel Pipe Company (1320) fair value: what the stock is really worth
As of Oct 28, 2026: fair value (intrinsic value) of Saudi Steel Pipe Company stock SAR 45.67, price SAR 51.00, upside -10.5%, quality 65 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 28, 2026.
How to read this chart
60‑month range 15.95 SAR – 81.11 SAR · fair‑value band 33.39 SAR – 63.44 SAR · the 51.00 SAR price screens above the 45.67 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 28, 2026.
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Saudi Steel Pipes Company engages in the manufacturing and distribution of steel pipes in the Kingdom of Saudi Arabia and internationally.
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The company offers welded steel pipes by high frequency induction welding and galvanizing, coating, threading, and bending of the pipes used in oil and gas, water, industrial, and construction sectors.
It also produces ERW/HFI galvanized and threaded steel pipes, and seamless pipes; pipes with three-layer external coating by polyethylene and polypropylene, and epoxy coating; and bended pipes in various diameters and space frame, as well as submerged arc welded pipes.
In addition, the company is involved in wholesale of pipes, tubes and hollow shapes from iron and steel, ferrous and non-ferrous metal pipes, and other metal accessories, such as locks, hinges, and other hand tools, as well as construction and metal materials. It exports its products.
Saudi Steel Pipes Company was founded in 1980 and is headquartered in Dammam, the Kingdom of Saudi Arabia.
Stock analysis
Saudi Steel Pipe Company (1320) currently trades at 51.00 SAR, while our model-based Fair Value estimate is 45.67 SAR, 10.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 63.61 SAR per share, and 11 of the 26 models we run sit above the 51.00 SAR price.
Bear case: the Asset-Based group reads lowest at 4.72 SAR, and 15 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 33.39 SAR (bear) to 63.44 SAR (bull), the price of 51.00 SAR sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 65/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Saudi Steel Pipe Company reported revenue of 1.4B SAR in FY2025 versus 373M SAR in FY2021, a compound +39.4%/yr. Reported net income was 192M SAR in FY2025.
Key figures
Market cap 2.6B SAR (≈ $689M) Small · P/E ratio 17.1 · P/S ratio 1.97 · EPS (TTM) 2.99 SAR · Dividend yield 1.5% · Net margin 11.6% · Return on equity 18.9% · Return on assets (EBIT) 9.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 59 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 44% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at −10%, 1320 screens cheaper than that median.
Fair Value models
Bear33.39 SARFair Value 45.67 SARBull63.44 SAR
Price 51.00 SAR · Upside -10.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (1.85 SAR per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.94/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−13.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+23.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.7%
Start year 2020 (pandemic). Over 10 years: +5.2% a year
Revenue growth 19 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.9%
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What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+20.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+19.4%
Dividend (yield on the price)1.5%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−5% → 17%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−5.7%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Saudi Arabia: IMF forecast 2.1% a year to 2030, 1.7% from 2016 to 2025) that is about −7.7% a year for the price.
Compare Saudi Steel Pipe Company with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Steel · 406 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside−10.5% · Below median
Profitability
Return on equity (12 months)18.9% · Top 25%
Return on assets11.1% · Top 25%
Net margin (12 months)11.6% · Top 25%
Operating margin (12 months)15.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−9.0% · Bottom 25%
Dividend yield (12 months)1.5% · Below median
Valuation Multiplesvs Steel median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Saudi Steel Pipe Company Fair Value". https://www.fairvalue-calculator.com/stock/1320
Frequently asked questions
Is Saudi Steel Pipe Company (1320) overvalued or undervalued?
As of Oct 28, 2026, our model estimates a fair value of 45.67 SAR versus a price of 51.00 SAR, about −10% upside (overvalued).
What is the fair value of 1320?
Our model-based fair value for Saudi Steel Pipe Company is 45.67 SAR (as of Oct 28, 2026), built from audited fundamentals. The current price: 51.00 SAR.
What is the quality score of 1320?
Saudi Steel Pipe Company has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Saudi Steel Pipe Company (1320)?
Our model-based price target is the fair value of 45.67 SAR (as of Oct 28, 2026) from 26 valuation models. Cautious scenario 33.39 SAR, optimistic scenario 63.44 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Saudi Steel Pipe Company stock forecast for 2026?
Our models put fair value at 45.67 SAR, about −10% upside versus a price of 51.00 SAR (overvalued). Cautious scenario 33.39 SAR, optimistic scenario 63.44 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Saudi Steel Pipe Company (1320)?
Saudi Steel Pipe Company reported trailing-twelve-month revenue of about 1.3B SAR (latest available figure, as of Oct 28, 2026).
Does Saudi Steel Pipe Company pay a dividend?
Saudi Steel Pipe Company currently shows a dividend yield of 1.47% relative to its recent price (as of Oct 28, 2026).
What growth is priced into Saudi Steel Pipe Company (1320)?
For today's price to be fair in a discounted-cash-flow model, Saudi Steel Pipe Company would have to grow free cash flow by -5.7 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +22.7 % per year. As of Oct 28, 2026.
What discount rate (WACC) does the fair value of 1320 use?
Our models discount Saudi Steel Pipe Company at 10.3 %: a base by market capitalisation (small), damped by beta 0.49, country premium for Saudi Arabia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Saudi Steel Pipe Company that is -5.7 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Saudi Steel Pipe Company (1320) delivered so far?
Over the past 5 years revenue at Saudi Steel Pipe Company grew +22.7 % a year. The price currently implies -5.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Saudi Steel Pipe Company (1320) growing?
The median revenue growth in the sector is +9.5 % a year. That is the yardstick for the growth priced into Saudi Steel Pipe Company (-5.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Saudi Steel Pipe Company (1320)?
The free-cash-flow yield on the price is 12.60 %: that much free cash flow Saudi Steel Pipe Company produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Saudi Steel Pipe Company (1320)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Saudi Steel Pipe Company it is 45.67 SAR per share (as of Oct 28, 2026), against a price of 51.00 SAR. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Saudi Steel Pipe Company stock overvalued or undervalued in 2026?
As of Oct 28, 2026, 1320 trades above its calculated fair value: price 51.00 SAR, fair value 45.67 SAR, a gap of about −10% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 1320?
No. The price is what the market pays today (51.00 SAR); the fair value is what the company's own numbers justify (45.67 SAR). For Saudi Steel Pipe Company the two are 5.33 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Saudi Steel Pipe Company worth?
The market values Saudi Steel Pipe Company at about 2.6B SAR (market capitalisation, as of Oct 28, 2026). Per share that is 51.00 SAR; our models calculate a fair value of 45.67 SAR per share.
What do the bullish and bearish scenarios say about 1320?
Our models span a range for Saudi Steel Pipe Company: cautious scenario 33.39 SAR, base 45.67 SAR, optimistic 63.44 SAR per share (as of Oct 28, 2026, price 51.00 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1320?
Saudi Steel Pipe Company trades at a price-to-earnings ratio of 17.1 (as of Oct 28, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 45.67 SAR is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2017 to 2025), reported earnings, FY2025 ex one-offs: 16.8. Other multiples: P/B 3.0, P/S 2.0, EV/EBITDA 7.6.
How solid is the balance sheet of Saudi Steel Pipe Company (1320)?
Balance-sheet figures for Saudi Steel Pipe Company (as of Oct 28, 2026): return on equity 18.9%. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 1320 from its 52-week high?
Saudi Steel Pipe Company trades at 51.00 SAR, about 13% below its 52-week high of 58.69 SAR and 44% above the low of 35.42 SAR (as of Oct 28, 2026). Distance from the high says nothing about value: that is what the fair value of 45.67 SAR is for.
Which stocks are comparable to Saudi Steel Pipe Company?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Saudi Steel Pipe Company stock attractive at the current price?
The data as of Oct 28, 2026: price 51.00 SAR, calculated fair value 45.67 SAR (−10%), Quality Score 65/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 1320 calculated?
We run Saudi Steel Pipe Company through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 45.67 SAR, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.4 % above its aggregate fair value. Saudi Steel Pipe Company itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Saudi Steel Pipe Company (1320)?
The closing price on Oct 28, 2026 was 51.00 SAR. Our model-based fair value is 45.67 SAR, about −10% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Saudi Steel Pipe Company right now?
A fairly wide model range (33.39 SAR to 63.44 SAR) leaves room in how you read the outcome. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Saudi Steel Pipe Company
How large is the market capitalisation of Saudi Steel Pipe Company (1320)?
The market capitalisation of Saudi Steel Pipe Company is 2.6B SAR (≈ $689M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Saudi Steel Pipe Company (1320)?
The price-to-sales ratio of Saudi Steel Pipe Company is 1.97 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Saudi Steel Pipe Company (1320)?
Earnings per share at Saudi Steel Pipe Company are 2.99 SAR (price ÷ EPS = P/E 17.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Saudi Steel Pipe Company (1320)?
The dividend yield of Saudi Steel Pipe Company is 1.5% (payout 25.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Saudi Steel Pipe Company (1320)?
The net margin of Saudi Steel Pipe Company is 11.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Saudi Steel Pipe Company (1320)?
The return on equity (ROE) of Saudi Steel Pipe Company is 18.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Saudi Steel Pipe Company (1320)?
On an EBIT basis the return on assets of Saudi Steel Pipe Company is 9.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Saudi Steel Pipe Company (1320)?
The operating margin of Saudi Steel Pipe Company is 15.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Saudi Steel Pipe Company (1320)?
Revenue at Saudi Steel Pipe Company is growing −9.0% versus a year earlier (3y avg +23.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Saudi Steel Pipe Company (1320)?
Earnings per share at Saudi Steel Pipe Company are growing −57.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Saudi Steel Pipe Company (1320) carry?
The net debt of Saudi Steel Pipe Company is 238M SAR (fiscal year 2025, ≈ 0.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 28, 2026