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Stock Screener·Saudi Arabia·Basic Materials·1320.SR
Share

Saudi Steel Pipes Company Stocks

SAR 48.36Last Updated 26.10.2026

Issuer Rating

5/7
Performance

Favourable

Risk

Limited

Recommendation

Hold

Market Cap

SAR 666.79M

SAR 48.36
Key Takeaways

Risk factor

Resilient to price shocks

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Data is available to registered users only

Profitability factor

Strong margins and returns

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Data is available to registered users only
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Risks

  • Default risk
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  • Volatility
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  • Selling difficulty
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  • Stress test
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  • Country risks
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  • Other risks
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About

Established in Dammam, Saudi Arabia, in 1980, Saudi Steel Pipes Company (SSP) is a prominent manufacturer and global supplier of steel pipes. The company operates through two main divisions: Steel Pipe and Process Equipment. The Steel Pipe division specializes in producing welded steel pipes using advanced high-frequency induction welding, alongside offering galvanizing, coating, threading, and bending services. These pipes are crucial for the oil and gas, water management, and construction sectors. SSP's Process Equipment segment is dedicated to designing, fabricating, assembling, and maintaining heavy industrial equipment. This equipment serves diverse applications within oil and gas, power generation, water desalination, mining, solar energy, and offshore plants. The company's comprehensive product portfolio includes black and galvanized steel pipes, ERW/HFI galvanized and threaded pipes, seamless pipes, and submerged arc welded pipes. They also provide specialized pipes with three-layer external polyethylene and polypropylene coatings in various diameters, pipes with internal epoxy coatings, and custom-bent pipes, as well as space frames and stationary process equipment. Beyond its manufacturing activities, SSP engages in the wholesale distribution of iron and steel tubes, hollow sections, ferrous and non-ferrous metal pipes and accessories, locks, hinges, hand tools, and a range of other metal and construction materials.

Company Valuation

Fairly valued
4/7

Based on key historical and expected multiples, the stock is fairly valued relative to its peers. Specifically, the stock is fairly valued on P/E, neutral on EV/EBITDA, r

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Target Price

Neutral
4/7

The average target price of 1320.SR is 59.7 and suggests 23.4% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to i

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Risks

  • Default risk
    Data is available to registered users only
  • Volatility
    Data is available to registered users only
  • Selling difficulty
    Data is available to registered users only
  • Stress test
    Data is available to registered users only
  • Country risks
    Data is available to registered users only
  • Other risks
    Data is available to registered users only
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