SSP posts higher net profit at SAR 79.4m for 2013

31/12/2013 Argaam Exclusive
0

Saudi Steel Pipe Co., producing steel pipes, reported SAR 79.4m net profit at the end of 2013, compared to SAR 53.1m last year, as shown in the following table: 



Financials (M)

Item 2012 2013 Change‬
Revenues 726.36 839.34 15.6 %
Gross Income 97.96 131.07 33.8 %
Operating Income 57.67 83.25 44.4 %
Net Income 53.71 79.44 47.9 %
Average Shares 51.00 51.00 -
Earnings Per Share before unusual items 1.05 1.56 47.9 %
EPS (Riyals) 1.05 1.56 47.9 %


Current Quarter Comparison (M)

Compared With The
Item Q4 2012 Q4 2013 Change‬
Revenues 179.87 168.76 (6.2 %)
Gross Income 26.57 25.76 (3.0 %)
Operating Income 15.12 14.09 (6.8 %)
Net Income 14.09 14.86 5.4 %
Average Shares 51.00 51.00 -
Earnings Per Share before unusual items 0.28 0.29 5.4 %
EPS (Riyals) 0.28 0.29 5.4 %

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Share Price

59.40
(2.00) (3.26 %)

Saudi Steel Pipe Co. (SSP)

Created with Highstock 6.0.710:1010:2010:4010:5011:0011:1011:2011:3011:4011:5012:0012:2012:3012:4013:0013:1013:2013:3013:4013:5014:0014:1014:2014:4014:5015:1059.2559.5059.7560.0060.2560.5060.7561.0061.2561.50
Close : 59.40 | Apr 3, 15:18

Current
Market Cap (M Riyal) 3,029.40
Enterprise Value (EV) (M) 3,632.75
Shares Outstanding ((M)) 51.00
EPS ( Riyal) (TTM) 3.54
Book Value (BV) ( Riyal) 16.91
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 15.33
P/E (TTM) 16.77
Price/book 3.51
Return on Average Assets (%) (TTM) 8.9
Return on Average Equity (%) (TTM) 22.8


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
Q1 2004 - - - - - -
Q2 2004 - - - - - -
Q3 2004 - - - - - -
Q4 2004 - - - - - -
Q1 2005 - - - - - -
Q2 2005 - - - - - -
Q3 2005 - - - - - -
Q4 2005 - - - - - -
Q1 2006 - - - - - -
Q2 2006 - - - - - -
Q3 2006 - - - - - -
Q4 2006 - - - - - -
Q1 2007 - - - - - -
Q2 2007 - - - - - -
Q3 2007 - - - - - -
Q4 2007 - - - - - -
Q1 2008 - - - - - -
Q2 2008 - - - - - -
Q3 2008 - - - - - -
Q4 2008 - - - - - -
Q1 2009 155.80 - 40.80 - 34.46 -
Q2 2009 145.28 - 40.19 - 34.20 -
Q3 2009 130.83 - 36.93 - 30.80 -
Q4 2009 106.74 - 21.69 - 14.17 -
Q1 2010 153.44 (1.5 %) 28.11 (31.1 %) 19.93 (42.2 %)
Q2 2010 168.86 16.2 % 33.00 (17.9 %) 25.27 (26.1 %)
Q3 2010 104.11 (20.4 %) 13.27 (64.1 %) 6.79 (77.9 %)
Q4 2010 166.87 56.3 % 34.15 57.4 % 25.63 80.8 %
Q1 2011 163.11 6.3 % 28.75 2.3 % 21.04 5.6 %
Q2 2011 153.83 (8.9 %) 29.74 (9.9 %) 21.17 (16.2 %)
Q3 2011 140.14 34.6 % 17.97 35.3 % 10.02 47.4 %
Q4 2011 172.27 3.2 % 23.03 (32.6 %) 13.91 (45.7 %)
Q1 2012 206.85 26.8 % 29.13 1.3 % 19.36 (8.0 %)
Q2 2012 187.48 21.9 % 22.88 (23.1 %) 13.33 (37.1 %)
Q3 2012 152.16 8.6 % 19.39 7.9 % 9.87 (1.5 %)
Q4 2012 179.87 4.4 % 26.57 15.4 % 15.12 8.7 %
2012 726.36 15.4 % 97.96 (1.5 %) 57.67 (12.8 %)
Q1 2013 248.48 20.1 % 37.91 30.2 % 24.63 27.3 %
Q2 2013 249.13 32.9 % 39.45 72.5 % 26.51 98.9 %
Q3 2013 172.98 13.7 % 27.95 44.1 % 18.02 82.6 %
Q4 2013 168.76 (6.2 %) 25.76 (3.0 %) 14.09 (6.8 %)
2013 839.34 15.6 % 131.07 33.8 % 83.25 44.4 %



Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items Earnings Per Share before unusual items
Q1 2004 - - - - - -
Q2 2004 - - - - - -
Q3 2004 - - - - - -
Q4 2004 - - - - - -
Q1 2005 - - - - - -
Q2 2005 - - - - - -
Q3 2005 - - - - - -
Q4 2005 - - - - - -
Q1 2006 - - - - - -
Q2 2006 - - - - - -
Q3 2006 - - - - - -
Q4 2006 - - - - - -
Q1 2007 - - - - - -
Q2 2007 - - - - - -
Q3 2007 - - - - - -
Q4 2007 - - - - - -
Q1 2008 - - - - - -
Q2 2008 - - - - - -
Q3 2008 - - - - - -
Q4 2008 - - - - - -
Q1 2009 33.61 - 0.96 - 33.61 0.96
Q2 2009 35.85 - 1.02 - 35.85 1.02
Q3 2009 30.17 - 0.59 - 30.17 0.59
Q4 2009 13.19 - 0.26 - 13.19 0.26
Q1 2010 20.02 (40.4 %) 0.39 - 20.02 0.39
Q2 2010 25.16 (29.8 %) 0.49 - 25.16 0.49
Q3 2010 6.54 (78.3 %) 0.13 - 6.54 0.13
Q4 2010 21.23 60.9 % 0.42 - 21.23 0.42
Q1 2011 21.01 5.0 % 0.41 - 21.01 0.41
Q2 2011 21.34 (15.2 %) 0.42 - 21.34 0.42
Q3 2011 9.40 43.7 % 0.18 - 9.40 0.18
Q4 2011 13.37 (37.0 %) 0.26 - 13.37 0.26
Q1 2012 18.32 (12.8 %) 0.36 - 18.32 0.36
Q2 2012 12.38 (42.0 %) 0.24 - 12.38 0.24
Q3 2012 8.92 (5.1 %) 0.17 - 8.92 0.17
Q4 2012 14.09 5.4 % 0.28 - 14.09 0.28
2012 53.71 (17.5 %) 1.05 - 53.71 1.05
Q1 2013 23.11 26.2 % 0.45 - 23.11 0.45
Q2 2013 25.11 102.7 % 0.49 - 25.11 0.49
Q3 2013 16.37 83.5 % 0.32 - 16.37 0.32
Q4 2013 14.86 5.4 % 0.29 - 14.86 0.29
2013 79.44 47.9 % 1.56 - 79.44 1.56

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
Q1 2004 - - -
Q2 2004 - - -
Q3 2004 - - -
Q4 2004 - - -
Q1 2005 - - -
Q2 2005 - - -
Q3 2005 - - -
Q4 2005 - - -
Q1 2006 - - -
Q2 2006 - - -
Q3 2006 - - -
Q4 2006 - - -
Q1 2007 - - -
Q2 2007 - - -
Q3 2007 - - -
Q4 2007 - - -
Q1 2008 - - -
Q2 2008 - - -
Q3 2008 - - -
Q4 2008 - - -
Q1 2009 - - -
Q2 2009 - - -
Q3 2009 - - -
Q4 2009 25.92 % 23.89 % 20.95 %
Q1 2010 23.67 % 21.51 % 18.50 %
Q2 2010 21.38 % 19.23 % 15.81 %
Q3 2010 18.02 % 15.98 % 12.18 %
Q4 2010 18.29 % 16.59 % 12.30 %
Q1 2011 18.11 % 16.61 % 12.26 %
Q2 2011 18.02 % 16.41 % 11.93 %
Q3 2011 17.73 % 16.01 % 11.70 %
Q4 2011 15.81 % 13.97 % 10.35 %
Q1 2012 14.84 % 12.84 % 9.27 %
Q2 2012 13.16 % 11.16 % 7.57 %
Q3 2012 13.14 % 10.99 % 7.37 %
Q4 2012 13.49 % 11.08 % 7.39 %
Q1 2013 13.90 % 11.20 % 7.62 %
Q2 2013 14.86 % 11.98 % 8.59 %
Q3 2013 15.51 % 12.68 % 9.25 %
Q4 2013 15.62 % 12.78 % 9.47 %
2013 15.62 % 12.78 % 9.47 %



Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Earnings Per Share before unusual items (Riyal) Book Value (BV)
Q1 2004 - - - -
Q2 2004 - - - -
Q3 2004 - - - -
Q4 2004 - - - -
Q1 2005 - - - -
Q2 2005 - - - -
Q3 2005 - - - -
Q4 2005 - - - -
Q1 2006 - - - -
Q2 2006 - - - -
Q3 2006 - - - -
Q4 2006 - - - -
Q1 2007 - - - -
Q2 2007 - - - -
Q3 2007 - - - -
Q4 2007 - - - -
Q1 2008 - - - -
Q2 2008 - - - -
Q3 2008 - - - -
Q4 2008 - - - -
Q1 2009 35.00 - - 13.16
Q2 2009 35.00 - - 14.04
Q3 2009 51.00 - - 17.29
Q4 2009 51.00 2.21 2.21 17.55
Q1 2010 51.00 1.95 1.95 15.88
Q2 2010 51.00 1.74 1.74 16.33
Q3 2010 51.00 1.27 1.27 15.92
Q4 2010 51.00 1.43 1.43 16.31
Q1 2011 51.00 1.45 1.45 15.67
Q2 2011 51.00 1.37 1.37 16.03
Q3 2011 51.00 1.43 1.43 15.43
Q4 2011 51.00 1.28 1.28 15.55
Q1 2012 51.00 1.22 1.22 15.04
Q2 2012 51.00 1.05 1.05 15.24
Q3 2012 51.00 1.04 1.04 15.38
Q4 2012 51.00 1.05 1.05 15.56
Q1 2013 51.00 1.15 1.15 15.95
Q2 2013 51.00 1.40 1.40 15.66
Q3 2013 51.00 1.54 1.54 15.19
Q4 2013 51.00 1.56 1.56 15.39

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
Q1 2004 - - -
Q2 2004 - - -
Q3 2004 - - -
Q4 2004 - - -
Q1 2005 - - -
Q2 2005 - - -
Q3 2005 - - -
Q4 2005 - - -
Q1 2006 - - -
Q2 2006 - - -
Q3 2006 - - -
Q4 2006 - - -
Q1 2007 - - -
Q2 2007 - - -
Q3 2007 - - -
Q4 2007 - - -
Q1 2008 - - -
Q2 2008 - - -
Q3 2008 - - -
Q4 2008 - - -
Q1 2009 - - -
Q2 2009 - - -
Q3 2009 - - 1.80
Q4 2009 15.41 15.41 1.94
Q1 2010 16.96 16.96 2.08
Q2 2010 15.61 15.61 1.66
Q3 2010 19.09 19.09 1.53
Q4 2010 16.85 16.85 1.48
Q1 2011 16.10 16.10 1.49
Q2 2011 19.35 19.35 1.66
Q3 2011 16.49 16.49 1.53
Q4 2011 22.87 22.87 1.88
Q1 2012 23.04 23.04 1.87
Q2 2012 20.84 20.84 1.43
Q3 2012 23.10 23.10 1.56
Q4 2012 24.02 24.02 1.63
Q1 2013 22.49 22.49 1.62
Q2 2013 18.54 18.54 1.65
Q3 2013 19.45 19.45 1.97
Q4 2013 22.79 22.79 2.31

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