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East Pipes Integrated Company (1321) Fair Value & Analysis

Basic Materials · SA · Market cap 5.8B SAR

EP East Pipes Integrated Company 1321 · SR
Price184.00 SAR
Fair Value199.57 SAR
Upside+8.5%
Quality84/100
Healthy Growth
Highly profitable · 24.9% net margin
Low debt · generates free cash flow
Ranks above peers (11/14)
Wide moat 94/100
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Evidence: High Range 148.77 SAR – 700.92 SAR Share as image

Fair value as of: Aug 4, 2026

From 24 valuation models · updated today

Share price −14.8% over the past month.

A strong business, currently priced close to our fair value.

What matters now

  • The model range is unusually wide (148.77 SAR to 700.92 SAR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
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Price vs Fair Value (4 years)

227.00 SAR 33.71 SAR Fair Value 199.57 SAR Feb 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 4, 2026.

How to read this chart

53‑month range 33.71 SAR – 227.00 SAR · fair‑value band 148.77 SAR – 700.92 SAR · the 184.00 SAR price screens below the 199.57 SAR fair value. Dashed = 300-day average. As of Aug 4, 2026.

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Analysis

East Pipes Integrated Company (1321) currently trades at 184.00 SAR, while our model-based Fair Value estimate is 199.57 SAR, implying the stock looks roughly 8.5% fairly valued today. We read business quality at 84/100 (high 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: high), always confirm before acting.

Over the trailing twelve months, East Pipes Integrated Company generated revenue of 2.4B SAR at a net margin of 24.9%. Revenue grew 35.2% year over year. It earns a return on equity of 43.5%. Net debt stands at 114M SAR. Fundamentals as of Aug 4, 2026

Our scenario range runs from 148.77 SAR (bear case) to 700.92 SAR (bull case); at 184.00 SAR, the current price sits within that range. The share trades about 20% below its 52-week high and 85% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -25% fair-value upside, at 8%, 1321 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 462.92 SAR 814.96 SAR 1,504 SAR 80
Residual Income 131.10 SAR 189.35 SAR 1,893 SAR 76
Rev-Margin DCF 256.73 SAR 436.77 SAR 768.89 SAR 74
All 24 models by family
DCF Models
FCF DCF 491.54 SAR 745.13 SAR 1,536 SAR 38
Owner Earnings 283.68 SAR 602.41 SAR 1,247 SAR 31
5Y Revenue Exit 256.73 SAR 383.92 SAR 645.99 SAR 39
5Y EBITDA Exit 301.96 SAR 475.47 SAR 813.58 SAR 41
5Y P/E Exit 357.19 SAR 721.38 SAR 1,209 SAR 38
10Y Revenue Exit 325.34 SAR 582.89 SAR 716.37 SAR 36
10Y EBITDA Exit 363.12 SAR 677.86 SAR 1,198 SAR 37
10Y P/E Exit 402.50 SAR 793.83 SAR 1,422 SAR 35
Earnings-Based
Graham-Dodd 123.75 SAR 863.03 SAR 1,211 SAR 54
Lynch FV 317.46 SAR 453.51 SAR 589.57 SAR 50
PEG = 1.0 317.46 SAR 453.51 SAR 589.57 SAR 46
EPV 181.33 SAR 206.54 SAR 228.30 SAR 59
Multiples
P/E Multiple 272.98 SAR 363.98 SAR 454.97 SAR 63
P/S Multiple 136.77 SAR 182.36 SAR 227.95 SAR 58
P/B Multiple 111.70 SAR 148.94 SAR 186.17 SAR 55
EV/EBIT 285.14 SAR 372.98 SAR 460.82 SAR 53
EV/EBITDA 219.72 SAR 285.75 SAR 351.78 SAR 54
EV/Revenue 149.27 SAR 203.98 SAR 258.69 SAR 43
Asset-Based
NCAV (Graham) 24.82 SAR 33.26 SAR 49.65 SAR 50
Growth DCF
Growth DCF 462.92 SAR 814.96 SAR 1,504 SAR 80
Rev-Margin DCF 256.73 SAR 436.77 SAR 768.89 SAR 74
Economic Profit
Residual Income 131.10 SAR 189.35 SAR 1,893 SAR 76
ROIC Compounder 208.20 SAR 270.74 SAR 349.05 SAR 72
Growth Earnings
Growth-Adj P/E 400.33 SAR 571.89 SAR 743.46 SAR 68

Widest divergence: DCF Models (602.41 SAR) versus Asset-Based (33.26 SAR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.4B SAR
Revenue growth (YoY) +35.2%
Net margin 24.9%
Return on equity 43.5%
Free cash flow 931M SAR FY2026
P/E ratio 10.1
More key figures
Operating margin 24.9%
EPS (TTM) 18.20 SAR
EPS growth (YoY) +36.2%
Net debt 114M SAR FY2025

Figures from reported company fundamentals · as of Aug 4, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 84/100

Of which business quality 85 · Market factors (momentum, volatility) 75

Profitability 90
Margins and returns on capital today
Quality Growth 83
Are margins and returns improving?
Cashflow 95
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 71
Price trend over the last 3–12 months (market factor)
52W Momentum 82
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

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

East Pipes Integrated Company for Industry provides coating services on pipes provided by the customers. The company provides steel pipes for water, oil, and gas applications; double jointing solutions; coated pipes for various applications, including environmental conditions; and ancillary services comprising laboratory and technical support services, as …

Full company description

East Pipes Integrated Company for Industry provides coating services on pipes provided by the customers. The company provides steel pipes for water, oil, and gas applications; double jointing solutions; coated pipes for various applications, including environmental conditions; and ancillary services comprising laboratory and technical support services, as well as yard management systems. It is also involved in processing and polishing of metals. East Pipes Integrated Company for Industry was formerly known as Welspun Middle East Pipes LLC and changed its name to East Pipes Integrated Company for Industry in January 2021. East Pipes Integrated Company for Industry was founded in 2010 and is based in Dammam, Saudi Arabia.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

East Pipes Integrated Company reported revenue of 2.3B SAR in FY2026 versus 597M SAR in FY2022, a compound +40.0%/yr. Reported net income was 573M SAR in FY2026.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
2.3B SAR
Latest YoY
+25.4%
Avg. growth/yr (3Y)
+16.9%
Avg. growth/yr (5Y)
+19.7%
Avg. growth/yr (8Y)
+30.6%
Revenue +40.0%/yr
FY22 597M SAR
FY23 1.4B SAR
FY24 1.5B SAR
FY25 1.8B SAR
FY26 2.3B SAR
Net income
FY22 −3.2M SAR
FY23 99.9M SAR
FY24 268M SAR
FY25 382M SAR
FY26 573M SAR

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Cite: Fair Value Calculator (2026). "East Pipes Integrated Company Fair Value". https://www.fairvalue-calculator.com/stock/1321

Peer Group

Steel · 380 stocks

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.

Quality Score 84 · Top 25%
Fair Value upside +9% · Above median
Return on equity (TTM) 43% · Top 25%
Return on assets 22% · Top 25%
Net margin (TTM) 25% · Top 25%
Operating margin (TTM) 25% · Top 25%
Revenue growth 35% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Steel median · lower = cheaper

P/E (TTM) 10.1× · Cheaper than 75% of peers
P/B 0.98× · Cheaper than median
P/S (TTM) 0.63× · Pricier than median
P/FCF 1.6× · Pricier than median
EV/EBITDA 1.3× · Cheaper than 75% of peers

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 45 · sector 24
FUTURE 100 · sector 2
PAST 100 · sector 14
HEALTH 100 · sector 95
DIVIDEND 0 · sector 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 Aug 4, 2026).

Stock Price Fair Value vs Fair Value
JSW Steel Limited JSWSTEEL ₹1,227 ₹1,140 -7%
Tata Steel Limited TATASTEEL ₹185.26 ₹147.13 -21%
Baoshan Iron & Steel Co 600019 ¥5.89 ¥8.07 +37%
China Steel Corporation 2002A 38.55 TWD 8.74 TWD -77%
POSCO Holdings 005490 313,500 KRW 155,270 KRW -50%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,940 ARS +17%
Jindal Steel Limited JINDALSTEL ₹1,028 ₹545.12 -47%
Lloyds Metals and Energy Limited LLOYDSME ₹1,844 ₹1,098 -40%
SSAB AB SSABA kr 96.04 kr 72.43 -25%
Gerdau S.A GGBN 83.50 MXN 42.64 MXN -49%

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Frequently asked questions

Is East Pipes Integrated Company (1321) overvalued or undervalued?
As of Aug 4, 2026, our model estimates a fair value of 199.57 SAR versus a price of 184.00 SAR, about +8% (fairly valued).
What is the fair value of 1321?
Our model-based fair value for East Pipes Integrated Company is 199.57 SAR (as of Aug 4, 2026), built from audited fundamentals. The current price is 184.00 SAR.
What is the quality score of 1321?
East Pipes Integrated Company has a Quality Score of 84/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of East Pipes Integrated Company (1321)?
East Pipes Integrated Company reported trailing-twelve-month revenue of about 2.4B SAR (latest available figure, as of Aug 4, 2026).
What is the net profit margin of 1321?
The net profit margin of East Pipes Integrated Company is about 24.9%, meaning it keeps roughly 24.9% 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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