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Saudi Steel Pipes Company (1320) Fair Value & Analysis

Basic Materials · SA · Market cap 2.4B SAR

SS Saudi Steel Pipes Company 1320 · SR
Price47.00 SAR
Fair Value59.85 SAR
Upside+27.3%
Quality63/100
Mixed Growth
Solidly profitable · 14.4% net margin
Low debt · generates free cash flow
Ranks above peers (11/14)
Wide moat 73/100
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Evidence: Medium Range 43.71 SAR – 76.00 SAR Share as image

Fair value as of: Jul 31, 2026

From 26 valuation models · updated today

Share price −6.8% over the past month.

Price vs Fair Value (12 months)

58.69 SAR 35.42 SAR Fair Value 59.85 SAR Aug 2025 Jul 2026

12‑month range 35.42 SAR – 58.69 SAR · fair‑value band 43.71 SAR – 76.00 SAR · the 47.00 SAR price screens below the 59.85 SAR fair value. As of Jul 31, 2026.

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Analysis

Saudi Steel Pipes Company (1320) currently trades at 47.00 SAR, while our model-based Fair Value estimate is 59.85 SAR, implying the stock looks roughly 27.3% undervalued today. We read business quality at 63/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Saudi Steel Pipes Company generated revenue of 1.3B SAR at a net margin of 14.4%. Revenue declined 15.1% year over year. It earns a return on equity of 22.6%. Net debt stands at 238M SAR. Fundamentals as of Jul 31, 2026

Our scenario range runs from 43.71 SAR (bear case) to 76.00 SAR (bull case); at 47.00 SAR, the current price sits within that range. The share trades about 21% below its 52-week high and 33% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -34% fair-value upside, at 27%, 1320 screens cheaper than that median.

Key figures & financial health

Revenue (TTM) 1.3B SAR
Revenue growth (YoY) -15.1%
Net margin 14.4%
Return on equity 22.6%
Free cash flow 325M SAR FY2025
P/E ratio 12.3
More key figures
Operating margin 22.8%
EPS (TTM) 3.80 SAR
EPS growth (YoY) +4.2%
Net debt 238M SAR FY2025

Figures from reported company fundamentals · as of Jul 31, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100
Profitability 60
Quality Growth 43
Cashflow 91
Fin. Strength 62
Investment 42
Low Volatility 81
Momentum 38
52W Momentum 37
Net Issuance 86

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Saudi Steel Pipes Company engages in the manufacturing and distribution of steel pipes in the Kingdom of Saudi Arabia and internationally. 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.

Full company description

Saudi Steel Pipes Company engages in the manufacturing and distribution of steel pipes in the Kingdom of Saudi Arabia and internationally. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Saudi Steel Pipes 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.

Revenue +39.4%/yr
FY21 373M SAR
FY22 748M SAR
FY23 1.3B SAR
FY24 1.6B SAR
FY25 1.4B SAR
Net income
FY21 −18.0M SAR
FY22 54.2M SAR
FY23 173M SAR
FY24 181M SAR
FY25 192M SAR

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Cite: Fair Value Calculator (2026). "Saudi Steel Pipes Company Fair Value". https://www.fairvalue-calculator.com/stock/1320

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 70 / 23
FUTURE 0 / 2
PAST 90 / 14
HEALTH 100 / 95
DIVIDEND 0 / 41

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Steel stocks, each showing price versus our Fair Value estimate (as of Jul 31, 2026).

Stock Price Fair Value vs Fair Value
Nucor Corporation N1UE34 R$110.09 R$38.41 -65%
ArcelorMittal S.A ARMT34 R$166.77 R$110.23 -34%
JSW Steel Limited JSWSTEEL ₹1,282 ₹1,113 -13%
Tata Steel Limited TATASTEEL ₹198.75 ₹131.96 -34%
Baoshan Iron & Steel Co 600019 ¥5.74 ¥6.34 +10%
China Steel Corporation 2002A 38.30 TWD 12.80 TWD -67%
POSCO Holdings 005490 363,000 KRW 143,097 KRW -61%
Companhia Siderúrgica Nacional, SID 13,670 ARS 3,280 ARS -76%
Jindal Steel Limited JINDALSTEL ₹1,181 ₹440.77 -63%
Lloyds Metals and Energy Limited LLOYDSME ₹1,779 ₹1,314 -26%

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Frequently asked questions

Is Saudi Steel Pipes Company (1320) overvalued or undervalued?
As of Jul 31, 2026, our model estimates a fair value of 59.85 SAR versus a price of 47.00 SAR, about +27% (undervalued).
What is the fair value of 1320?
Our model-based fair value for Saudi Steel Pipes Company is 59.85 SAR (as of Jul 31, 2026), built from audited fundamentals. The current price is 47.00 SAR.
What is the quality score of 1320?
Saudi Steel Pipes Company has a Quality Score of 63/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Saudi Steel Pipes Company (1320)?
Saudi Steel Pipes Company reported trailing-twelve-month revenue of about 1.3B SAR (latest available figure, as of Jul 31, 2026).
What is the net profit margin of 1320?
The net profit margin of Saudi Steel Pipes Company is about 14.4%, meaning it keeps roughly 14.4% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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