Risk factor
Resilient to price shocks
Profitability factor
Strong margins and returns
About
Saudi Steel Pipes Company manufactures and sells steel pipes in Saudi Arabia and internationally. It operates through Steel Pipe and Process Equipment segments. The Steel Pipe segment manufactures welded steel pipes by high frequency induction welding and galvanizing, coating, threading, and bending of the pipes used in oil and gas, water, and construction sectors. The Process Equipment segment designs, manufactures, assembles, and maintains heavy process equipment for the utilization of oil and gas, power generation, desalination, mining, solar energy, and offshore plants. The company manufactures black and galvanized steel pipes, ERW/HFI galvanized and threaded steel pipes and seamless pipes, pipes with three-layer external coating by polyethylene and polypropylene in different diameters, pipes with epoxy coating inside, bended pipes in different diameters, space frames, and submerged arc welded pipes, as well as stationary process equipment. It also wholesales iron and steel tubes and hollow shapes; ferrous and non-ferrous metal pipes and accessories; locks, hinges, and other hand tools and metal accessories; and construction and metal materials. Saudi Steel Pipes Company was incorporated in 1980 and is headquartered in Dammam, Saudi Arabia.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. Specifically, the stock is fairly valued on P/E, undervalued on E
Target Price
The average target price of 1320.SR is 47 and suggests 9% downside potential. Usually, this means a SELL recommendation among investment firms, or a recommendation to dec
