Risk factor
Very vulnerable to price shocks
Profitability factor
Very strong margins and returns
About
East Pipes Integrated Company for Industry, headquartered in Dammam, Saudi Arabia, is a key player in the manufacturing and distribution of spiral steel pipes throughout the Kingdom. The company provides pipes essential for water, oil, and gas infrastructure, along with specialized services such as double jointing and various coating solutions, including those designed for environmental protection. Their offerings also extend to ancillary support, encompassing laboratory analysis, technical assistance, and efficient yard management systems. Furthermore, East Pipes engages in international export activities. Founded in 2010, the company operated as Welspun Middle East Pipes LLC until its rebranding to East Pipes Integrated Company for Industry in January 2021. It operates as a subsidiary of Welspun Mauritius Holdings Ltd.
Company Valuation
From both historical and forecast perspectives, the stock is fairly priced compared to similar stocks. In particular, the stock is underpriced on P/E, of fair value on EV
Target Price
The average target price of 1321.SR is 185 and suggests 15% downside potential. Usually, this means a SELL recommendation among investment firms, or a recommendation to d