There Are Reasons To Feel Uneasy About BENA Steel Industries' (TADAWUL:9563) Returns On Capital
May 23
Saudi Arabian (Tadawul) Steel Industry Analysis
UpdatedMay 27, 2024
DataAggregated Company Financials
Companies12
- 7D-2.0%
- 3M16.0%
- 1Y78.0%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 2.0%, driven by a pullback from East Pipes Integrated Company for Industry of 5.4%. Over the past 12 months, the industry was up 78%. As for the next few years, earnings are expected to grow by 22% per annum.
Industry Valuation and Performance
Has the Saudi Arabian Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 28 May 2024 | ر.س16.9b | ر.س13.2b | ر.س211.4m | 38.8x | 80x | 1.3x |
| Thu, 25 Apr 2024 | ر.س17.0b | ر.س12.5b | ر.س27.4m | 43.7x | 620.9x | 1.4x |
| Sat, 23 Mar 2024 | ر.س18.3b | ر.س12.4b | ر.س17.8m | 39x | 1029.6x | 1.5x |
| Mon, 19 Feb 2024 | ر.س13.8b | ر.س11.7b | -ر.س161,898,197.00 | 37.9x | -85x | 1.2x |
| Wed, 17 Jan 2024 | ر.س12.3b | ر.س11.7b | -ر.س161,898,197.00 | 32x | -76.3x | 1.1x |
| Fri, 15 Dec 2023 | ر.س11.1b | ر.س11.6b | -ر.س235,300,965.00 | 28.1x | -47.2x | 1x |
| Sun, 12 Nov 2023 | ر.س10.2b | ر.س11.4b | -ر.س199,028,320.00 | 22.9x | -51.4x | 0.9x |
| Tue, 10 Oct 2023 | ر.س10.2b | ر.س11.3b | -ر.س256,370,446.00 | 28.2x | -39.9x | 0.9x |
| Thu, 07 Sep 2023 | ر.س10.4b | ر.س11.2b | -ر.س249,995,871.00 | 21x | -41.7x | 0.9x |
| Sat, 05 Aug 2023 | ر.س10.1b | ر.س10.8b | -ر.س102,279,554.00 | 23.8x | -98.6x | 0.9x |
| Mon, 03 Jul 2023 | ر.س9.5b | ر.س9.9b | -ر.س159,531,461.00 | 24.2x | -59.4x | 1x |
| Wed, 31 May 2023 | ر.س8.9b | ر.س9.6b | -ر.س136,342,646.00 | 25.9x | -65.2x | 0.9x |
| Fri, 28 Apr 2023 | ر.س8.3b | ر.س9.5b | -ر.س143,110,011.00 | 21.6x | -57.9x | 0.9x |
| Sun, 26 Mar 2023 | ر.س7.2b | ر.س9.1b | -ر.س178,599,239.00 | 20.3x | -40.5x | 0.8x |
| Tue, 21 Feb 2023 | ر.س7.4b | ر.س8.7b | -ر.س244,963,047.00 | 27x | -30.2x | 0.8x |
| Thu, 19 Jan 2023 | ر.س7.2b | ر.س8.7b | -ر.س244,963,047.00 | 20.6x | -29.6x | 0.8x |
| Sat, 17 Dec 2022 | ر.س6.7b | ر.س8.7b | -ر.س113,068,038.00 | 18.3x | -59.5x | 0.8x |
| Mon, 14 Nov 2022 | ر.س7.5b | ر.س8.5b | -ر.س156,612,814.00 | 30.4x | -47.8x | 0.9x |
| Wed, 12 Oct 2022 | ر.س7.9b | ر.س8.0b | -ر.س162,771,849.00 | 29.6x | -48.8x | 1x |
| Fri, 09 Sep 2022 | ر.س8.2b | ر.س8.0b | -ر.س162,771,849.00 | 31.2x | -50.3x | 1x |
| Sun, 07 Aug 2022 | ر.س8.8b | ر.س8.4b | -ر.س49,111,902.00 | 21.5x | -178.9x | 1x |
| Tue, 05 Jul 2022 | ر.س7.8b | ر.س8.4b | -ر.س49,111,902.00 | 18.8x | -158.7x | 0.9x |
| Thu, 02 Jun 2022 | ر.س9.1b | ر.س8.8b | ر.س116.6m | 19.3x | 78.1x | 1x |
| Sat, 30 Apr 2022 | ر.س9.8b | ر.س8.7b | ر.س165.4m | 17.7x | 59.2x | 1.1x |
| Mon, 28 Mar 2022 | ر.س9.8b | ر.س9.2b | ر.س215.0m | 11.5x | 45.5x | 1.1x |
| Wed, 23 Feb 2022 | ر.س10.3b | ر.س9.2b | ر.س212.9m | 11.6x | 48.4x | 1.1x |
| Fri, 21 Jan 2022 | ر.س9.1b | ر.س8.2b | ر.س82.4m | 13.2x | 110.7x | 1.1x |
| Sun, 19 Dec 2021 | ر.س9.4b | ر.س8.2b | ر.س82.4m | 13.6x | 114.3x | 1.2x |
| Tue, 16 Nov 2021 | ر.س8.3b | ر.س7.4b | ر.س11.4m | 16x | 731.2x | 1.1x |
| Thu, 14 Oct 2021 | ر.س8.8b | ر.س7.4b | -ر.س10,796,358.00 | 15.7x | -814.2x | 1.2x |
| Sat, 11 Sep 2021 | ر.س9.8b | ر.س7.4b | -ر.س10,796,358.00 | 16.9x | -906.8x | 1.3x |
| Mon, 09 Aug 2021 | ر.س10.8b | ر.س8.0b | ر.س32.0m | 19.4x | 337.3x | 1.4x |
Price to Earnings Ratio
-74.7x
Current Industry PE
- Investors are optimistic on the Saudi Steel industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 80.0x which is higher than its 3-year average PE of -61.6x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- Total earnings for the Steel industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 20% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Saudi Arabian Steel compare with similar industries?
| SA Market | -2.01% | |
| Materials | -3.77% | |
| Metals and Mining | -4.03% | |
| Steel | -1.96% | |
| Copper | 0% | |
| Aluminum | 0% | |
| Gold | 0% | |
| Precious Metals and Minerals | 0% | |
| Silver | 0% | |
| Diversified Metals and Mining | -4.21% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 9523 Group Five Pipe Saudi | ر.س40.50 | 3.3% +ر.س36.4m | 97.6% | PE281.1x | |
| 9513 Watani Iron Steel | ر.س3.02 | 6.0% +ر.س30.9m | -11.4% | PE129.2x | |
| 9588 Riyadh Steel | ر.س34.00 | 13.3% +ر.س20.0m | n/a | n/a | |
| 2240 Zamil Industrial Investment | ر.س22.08 | 0.5% +ر.س7.2m | 9.9% | PS0.3x |