Saudi Steel Pipe H1 2022 turns to profit of SAR 26.3 mln; Q2 at SAR 11.7 mln

04/08/2022 Argaam Exclusive

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Saudi Steel Pipe Co. swung to a net profit after Zakat and tax of SAR 26.3 million in the first six months of 2022, from a net loss of SAR 16.6 million in the year-earlier period.

Financials (M)

Item	6m 2021	6m 2022	Change‬
Revenues	180.55	395.90	119.3 %
Gross Income	7.18	56.24	683.4 %
Operating Income	(11.27)	36.96	428.0 %
Net Income	(16.56)	26.27	258.7 %
Average Shares	51.00	51.00	-
EPS (Riyals)	(0.32)	0.52	258.7 %

The profit was primarily driven by higher gross profit due to the increase in sales volume, improved mix of sold products, efficiency improvement and optimization of direct structural cost.

Meanwhile, the company’s share of loss from an affiliate, Global Pipe Co., decreased, and administrative expenses fell mainly on lower indirect structural cost and service indemnity cost.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2021	Q2 2022	Change‬
Revenues	88.48	211.82	139.4 %
Gross Income	4.83	27.28	465.4 %
Operating Income	(5.12)	17.83	448.2 %
Net Income	(8.08)	11.74	245.4 %
Average Shares	51.00	51.00	-
EPS (Riyals)	(0.16)	0.23	245.4 %

Item	Q1 2022	Q2 2022	Change‬
Revenues	184.08	211.82	15.1 %
Gross Income	28.96	27.28	(5.8 %)
Operating Income	19.12	17.83	(6.8 %)
Net Income	14.53	11.74	(19.2 %)
Average Shares	51.00	51.00	-
EPS (Riyals)	0.28	0.23	(19.2 %)

In Q2 2022, the company turned to a net profit after Zakat and tax of SAR 11.7 million, from a loss of SAR 8.08 million in the year-earlier period.

On a sequential basis, net profit dropped 19.2% from SAR 14.53 million in Q1 2022, on lower gross profit and higher selling, marketing and distribution expenses.

Total shareholders’ equity, excluding minority interest, stood at SAR 521.48 million by the end of H1 2022, compared to SAR 476.63 million in the year-earlier period.

Accumulated losses reached SAR 34.1 million as of June 30, 2022, representing 6.69% of the company’s SAR 510 million capital.

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
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 %
Q1 2014	224.73	(9.6 %)	21.65	(42.9 %)	9.05	(63.2 %)
Q2 2014	249.65	0.2 %	32.69	(17.1 %)	19.91	(24.9 %)
Q3 2014	241.88	39.8 %	23.65	(15.4 %)	9.81	(45.6 %)
Q4 2014	141.74	(16.0 %)	19.38	(24.8 %)	7.03	(50.1 %)
2014	857.99	2.2 %	97.25	(25.8 %)	47.28	(43.2 %)
Q1 2015	248.49	10.6 %	29.24	35.0 %	14.61	61.3 %
Q2 2015	279.97	12.1 %	38.88	18.9 %	24.70	24.1 %
Q3 2015	179.88	(25.6 %)	21.52	(9.0 %)	8.34	(15.0 %)
Q4 2015	143.55	1.3 %	11.55	(40.4 %)	(1.11)	(115.8 %)
2015	852.09	(0.7 %)	95.78	(1.5 %)	41.09	(13.1 %)
Q1 2016	194.34	(21.8 %)	28.94	(1.0 %)	13.57	(7.1 %)
Q2 2016	151.35	(45.9 %)	16.01	(58.8 %)	3.29	(86.7 %)
Q3 2016	122.61	(31.8 %)	10.46	(51.4 %)	(0.23)	(102.8 %)
Q4 2016	136.47	(4.9 %)	(1.56)	(113.5 %)	(14.30)	(1,191.7 %)
2016	604.77	(29.0 %)	53.85	(43.8 %)	2.33	(94.3 %)
Q1 2017	128.01	(34.1 %)	18.12	(37.4 %)	7.78	(42.7 %)
Q2 2017	162.10	7.1 %	22.32	39.4 %	10.12	207.6 %
Q3 2017	194.56	58.7 %	24.07	130.1 %	14.23	6209.0 %
Q4 2017	211.75	55.2 %	28.94	1954.9 %	17.22	220.4 %
2017	696.42	15.2 %	93.44	73.5 %	50.36	2062.2 %
Q1 2018	177.14	38.4 %	16.80	(7.3 %)	5.62	(27.8 %)
Q2 2018	156.29	(3.6 %)	(0.43)	(101.9 %)	(12.53)	(223.9 %)
Q3 2018	126.48	(35.0 %)	(11.82)	(149.1 %)	(23.55)	(265.5 %)
Q4 2018	186.29	(12.0 %)	(6.61)	(122.9 %)	(20.96)	(221.7 %)
2018	646.20	(7.2 %)	(2.07)	(102.2 %)	(51.42)	(202.1 %)
Q1 2019	195.31	10.3 %	12.53	(25.4 %)	2.33	(58.6 %)
Q2 2019	161.85	3.6 %	0.88	306.5 %	(11.00)	12.2 %
Q3 2019	157.80	24.8 %	0.13	101.1 %	(10.65)	54.8 %
Q4 2019	156.60	(15.9 %)	(0.36)	94.6 %	(15.50)	26.0 %
2019	671.55	3.9 %	13.18	736.3 %	(34.82)	32.3 %
Q1 2020	122.34	(37.4 %)	4.49	(64.1 %)	(18.03)	(874.8 %)
Q2 2020	58.26	(64.0 %)	(14.97)	(1793.0 %)	(29.08)	(164.4 %)
Q3 2020	150.32	(4.7 %)	21.46	17071.2 %	12.61	218.4 %
Q4 2020	154.73	(1.2 %)	8.11	2360.2 %	(0.01)	100.0 %
2020	474.90	(29.3 %)	19.14	45.3 %	(32.85)	5.7 %
Q1 2021	92.08	(24.7 %)	2.35	(47.6 %)	(6.15)	65.9 %
Q2 2021	88.48	51.9 %	4.83	132.2 %	(5.12)	82.4 %
Q3 2021	83.32	(44.6 %)	7.58	(64.7 %)	(1.41)	(111.2 %)
Q4 2021	109.62	(29.2 %)	12.57	55.0 %	4.07	81580.0 %
2021	373.49	(21.4 %)	27.34	42.8 %	(8.60)	73.8 %
Q1 2022	184.08	99.9 %	28.96	1130.6 %	19.12	411.1 %
Q2 2022	211.82	139.4 %	27.28	465.4 %	17.83	448.2 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2012	726.36	15.4 %	97.96	(1.5 %)	57.67	(12.8 %)
2013	839.34	15.6 %	131.07	33.8 %	83.25	44.4 %
2014	857.99	2.2 %	97.25	(25.8 %)	47.28	(43.2 %)
2015	852.09	(0.7 %)	95.78	(1.5 %)	41.09	(13.1 %)
2016	604.77	(29.0 %)	53.85	(43.8 %)	2.33	(94.3 %)
2017	696.42	15.2 %	93.44	73.5 %	50.36	2062.2 %
2018	646.20	(7.2 %)	(2.07)	(102.2 %)	(51.42)	(202.1 %)
2019	671.55	3.9 %	13.18	736.3 %	(34.82)	32.3 %
2020	474.90	(29.3 %)	19.14	45.3 %	(32.85)	5.7 %
2021	373.49	(21.4 %)	27.34	42.8 %	(8.60)	73.8 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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
Q1 2014	4.03	(82.6 %)	0.08	-	4.03	0.08
Q2 2014	15.55	(38.1 %)	0.30	-	15.55	0.30
Q3 2014	6.59	(59.7 %)	0.13	-	6.59	0.13
Q4 2014	5.30	(64.3 %)	0.10	-	5.30	0.10
2014	31.20	(60.7 %)	0.61	-	31.20	0.61
Q1 2015	11.41	183.3 %	0.22	-	11.41	0.22
Q2 2015	23.46	50.8 %	0.46	-	23.46	0.46
Q3 2015	8.02	21.6 %	0.16	(1.02)	9.04	0.18
Q4 2015	(1.30)	(124.6 %)	(0.03)	-	(1.30)	(0.03)
2015	33.38	7.0 %	0.65	(1.02)	34.40	0.67
Q1 2016	8.52	(25.4 %)	0.17	-	8.52	0.17
Q2 2016	3.04	(87.0 %)	0.06	-	3.04	0.06
Q3 2016	5.21	(35.0 %)	0.10	(2.00)	7.21	0.14
Q4 2016	(61.90)	(4,650.5 %)	(1.21)	(43.03)	(18.87)	(0.37)
2016	(45.13)	(235.2 %)	(0.88)	(45.03)	(0.10)	0.00
Q1 2017	10.21	19.8 %	0.20	-	10.21	0.20
Q2 2017	7.69	152.9 %	0.15	-	7.69	0.15
Q3 2017	(14.46)	(377.4 %)	(0.28)	(23.62)	9.16	0.18
Q4 2017	15.65	125.3 %	0.31	-	15.65	0.31
2017	19.09	142.3 %	0.37	(23.62)	42.71	0.84
Q1 2018	(5.04)	(149.3 %)	(0.10)	-	(5.04)	(0.10)
Q2 2018	(36.83)	(578.8 %)	(0.72)	(21.00)	(15.83)	(0.31)
Q3 2018	(24.15)	(67.0 %)	(0.47)	-	(24.15)	(0.47)
Q4 2018	(102.65)	(755.8 %)	(2.01)	(81.99)	(20.66)	(0.41)
2018	(168.66)	(983.4 %)	(3.31)	(102.99)	(65.67)	(1.29)
Q1 2019	0.33	106.5 %	0.01	-	0.33	0.01
Q2 2019	(10.17)	72.4 %	(0.20)	-	(10.17)	(0.20)
Q3 2019	(14.12)	41.5 %	(0.28)	-	(14.12)	(0.28)
Q4 2019	(2.87)	97.2 %	(0.06)	-	(2.87)	(0.06)
2019	(26.83)	84.1 %	(0.53)	-	(26.83)	(0.53)
Q1 2020	(17.77)	(5567.7 %)	(0.35)	-	(17.77)	(0.35)
Q2 2020	(27.02)	(165.8 %)	(0.53)	-	(27.02)	(0.53)
Q3 2020	9.58	167.8 %	0.19	-	9.58	0.19
Q4 2020	0.74	125.7 %	0.01	-	0.74	0.01
2020	(34.48)	(28.5 %)	(0.68)	-	(34.48)	(0.68)
Q1 2021	(8.48)	52.3 %	(0.17)	-	(8.48)	(0.17)
Q2 2021	(8.08)	70.1 %	(0.16)	-	(8.08)	(0.16)
Q3 2021	15.92	66.2 %	0.31	19.64	(3.72)	(0.07)
Q4 2021	1.57	112.6 %	0.03	-	1.57	0.03
2021	0.93	102.7 %	0.02	19.64	(18.71)	(0.37)
Q1 2022	14.53	271.4 %	0.28	-	14.53	0.28
Q2 2022	11.74	245.4 %	0.23	-	11.74	0.23

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2012	53.71	(17.5 %)	1.05	-	53.71	1.05
2013	79.44	47.9 %	1.56	-	79.44	1.56
2014	31.20	(60.7 %)	0.61	-	31.20	0.61
2015	33.38	7.0 %	0.65	(1.02)	34.40	0.67
2016	(45.13)	(235.2 %)	(0.88)	(45.03)	(0.10)	0.00
2017	19.09	142.3 %	0.37	(23.62)	42.71	0.84
2018	(168.66)	(983.4 %)	(3.31)	(102.99)	(65.67)	(1.29)
2019	(26.83)	84.1 %	(0.53)	-	(26.83)	(0.53)
2020	(34.48)	(28.5 %)	(0.68)	-	(34.48)	(0.68)
2021	0.93	102.7 %	0.02	19.64	(18.71)	(0.37)

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
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 %
Q1 2014	14.08 %	11.55 %	7.40 %
Q2 2014	13.24 %	11.01 %	6.23 %
Q3 2014	11.72 %	9.50 %	4.64 %
Q4 2014	11.35 %	9.10 %	3.67 %
2014	11.33 %	9.27 %	3.64 %
Q1 2015	11.90 %	9.69 %	4.41 %
Q2 2015	12.19 %	10.10 %	5.13 %
Q3 2015	12.82 %	10.81 %	5.79 %
Q4 2015	11.88 %	10.12 %	5.00 %
2015	11.24 %	9.48 %	4.04 %
Q1 2016	12.65 %	10.74 %	4.98 %
Q2 2016	11.66 %	9.63 %	2.88 %
Q3 2016	10.94 %	9.23 %	2.85 %
Q4 2016	8.90 %	7.52 %	(0.02 %)
2016	8.90 %	7.52 %	(0.02 %)
Q1 2017	7.99 %	7.20 %	0.29 %
Q2 2017	8.98 %	8.23 %	1.14 %
Q3 2017	10.13 %	9.54 %	1.32 %
Q4 2017	13.42 %	13.14 %	6.13 %
2017	13.42 %	13.29 %	6.13 %
Q1 2018	12.36 %	12.33 %	3.68 %
Q2 2018	9.38 %	9.68 %	0.53 %
Q3 2018	4.98 %	5.28 %	(4.37 %)
Q4 2018	(0.32 %)	(0.60 %)	(10.16 %)
2018	(0.32 %)	(0.60 %)	(10.16 %)
Q1 2019	(0.95 %)	(1.21 %)	(9.08 %)
Q2 2019	(0.75 %)	(1.12 %)	(8.16 %)
Q3 2019	0.99 %	0.71 %	(6.36 %)
Q4 2019	1.96 %	1.48 %	(3.99 %)
2019	1.96 %	1.48 %	(4.00 %)
Q1 2020	0.86 %	(1.76 %)	(7.50 %)
Q2 2020	(2.16 %)	(5.78 %)	(12.48 %)
Q3 2020	2.18 %	(1.06 %)	(7.81 %)
Q4 2020	3.93 %	2.15 %	(7.10 %)
2020	4.03 %	2.55 %	(7.26 %)
Q1 2021	3.73 %	4.92 %	(5.53 %)
Q2 2021	7.57 %	9.59 %	(1.29 %)
Q3 2021	5.46 %	7.78 %	(4.67 %)
Q4 2021	7.32 %	9.87 %	(5.01 %)
2021	7.32 %	9.87 %	(5.01 %)
Q1 2022	11.59 %	13.24 %	0.92 %
Q2 2022	12.97 %	14.24 %	4.10 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2012	13.49 %	11.08 %	7.39 %
2013	15.62 %	12.78 %	9.47 %
2014	11.33 %	9.27 %	3.64 %
2015	11.24 %	9.48 %	4.04 %
2016	8.90 %	7.52 %	(0.02 %)
2017	13.42 %	13.29 %	6.13 %
2018	(0.32 %)	(0.60 %)	(10.16 %)
2019	1.96 %	1.48 %	(4.00 %)
2020	4.03 %	2.55 %	(7.26 %)
2021	7.32 %	9.87 %	(5.01 %)

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	15.26 %	12.27 %	9.30 %
Q2 2013	15.84 %	13.01 %	10.08 %
Q3 2013	16.16 %	13.91 %	9.46 %
Q4 2013	15.26 %	12.02 %	8.80 %
Q1 2014	9.63 %	7.75 %	1.79 %
Q2 2014	13.09 %	11.24 %	6.23 %
Q3 2014	9.78 %	7.55 %	2.73 %
Q4 2014	13.67 %	10.11 %	3.74 %
Q1 2015	11.77 %	9.97 %	4.59 %
Q2 2015	13.89 %	12.40 %	8.38 %
Q3 2015	11.97 %	10.03 %	5.03 %
Q4 2015	8.04 %	6.07 %	(0.91 %)
Q1 2016	14.89 %	12.44 %	4.38 %
Q2 2016	10.58 %	8.92 %	2.01 %
Q3 2016	8.53 %	8.24 %	5.88 %
Q4 2016	(1.14 %)	(1.67 %)	(13.83 %)
Q1 2017	14.15 %	13.63 %	7.97 %
Q2 2017	13.77 %	12.30 %	4.75 %
Q3 2017	12.37 %	12.41 %	4.71 %
Q4 2017	13.67 %	14.17 %	7.39 %
Q1 2018	9.48 %	10.07 %	(2.84 %)
Q2 2018	(0.27 %)	(0.24 %)	(10.13 %)
Q3 2018	(9.35 %)	(9.50 %)	(19.09 %)
Q4 2018	(3.55 %)	(5.00 %)	(11.09 %)
Q1 2019	6.41 %	6.98 %	0.17 %
Q2 2019	0.55 %	0.12 %	(6.28 %)
Q3 2019	0.08 %	0.29 %	(8.95 %)
Q4 2019	(0.23 %)	(2.76 %)	(1.83 %)
Q1 2020	3.67 %	(5.62 %)	(14.52 %)
Q2 2020	(25.69 %)	(30.69 %)	(46.38 %)
Q3 2020	14.28 %	15.90 %	6.37 %
Q4 2020	5.24 %	7.31 %	0.48 %
Q1 2021	2.56 %	5.52 %	(9.21 %)
Q2 2021	5.45 %	7.07 %	(9.13 %)
Q3 2021	9.10 %	11.92 %	(4.47 %)
Q4 2021	11.47 %	14.24 %	1.43 %
Q1 2022	15.73 %	16.21 %	7.89 %
Q2 2022	12.88 %	13.44 %	5.54 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
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
Q1 2014	51.00	1.18	1.18	15.41
Q2 2014	51.00	1.00	1.00	15.66
Q3 2014	51.00	0.80	0.80	15.75
Q4 2014	51.00	0.62	0.62	15.75
Q1 2015	51.00	0.76	0.76	15.93
Q2 2015	51.00	0.92	0.92	15.82
Q3 2015	51.00	0.94	0.96	15.44
Q4 2015	51.00	0.82	0.84	15.23
Q1 2016	51.00	0.76	0.78	15.38
Q2 2016	51.00	0.36	0.38	15.47
Q3 2016	51.00	0.30	0.34	15.56
Q4 2016	51.00	(0.88)	0.00	13.95
Q1 2017	51.00	(0.85)	0.03	14.16
Q2 2017	51.00	(0.76)	0.12	14.31
Q3 2017	51.00	(1.15)	0.16	14.02
Q4 2017	51.00	0.37	0.84	14.31
Q1 2018	51.00	0.08	0.54	14.20
Q2 2018	51.00	(0.80)	0.08	13.48
Q3 2018	51.00	(0.99)	(0.58)	13.01
Q4 2018	51.00	(3.31)	(1.29)	10.97
Q1 2019	51.00	(3.20)	(1.18)	10.98
Q2 2019	51.00	(2.68)	(1.07)	10.78
Q3 2019	51.00	(2.48)	(0.87)	10.50
Q4 2019	51.00	(0.53)	(0.53)	10.35
Q1 2020	51.00	(0.88)	(0.88)	10.01
Q2 2020	51.00	(1.21)	(1.21)	9.48
Q3 2020	51.00	(0.75)	(0.75)	9.69
Q4 2020	51.00	(0.68)	(0.68)	9.67
Q1 2021	51.00	(0.49)	(0.49)	9.50
Q2 2021	51.00	(0.12)	(0.12)	9.35
Q3 2021	51.00	0.00	(0.38)	9.66
Q4 2021	51.00	0.02	(0.37)	9.71
Q1 2022	51.00	0.47	0.08	9.99
Q2 2022	51.00	0.86	0.47	10.23

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2012	51.00	1.05	1.05	15.56
2013	51.00	1.56	1.56	15.39
2014	51.00	0.61	0.61	15.75
2015	51.00	0.65	0.67	15.23
2016	51.00	(0.88)	0.00	13.95
2017	51.00	0.37	0.84	14.31
2018	51.00	(3.31)	(1.29)	10.97
2019	51.00	(0.53)	(0.53)	10.35
2020	51.00	(0.68)	(0.68)	9.67
2021	51.00	0.02	(0.37)	9.71

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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
Q1 2014	31.68	31.68	2.43
Q2 2014	33.82	33.82	2.15
Q3 2014	47.24	47.24	2.41
Q4 2014	38.95	38.95	1.53
Q1 2015	37.18	37.18	1.78
Q2 2015	31.20	31.20	1.81
Q3 2015	22.33	21.87	1.37
Q4 2015	26.67	26.03	1.43
Q1 2016	23.24	22.64	1.15
Q2 2016	50.51	47.84	1.17
Q3 2016	44.18	39.13	0.86
Q4 2016	NEG	NEG	1.37
Q1 2017	NEG	More than 100	1.19
Q2 2017	NEG	More than 100	1.08
Q3 2017	NEG	More than 100	1.21
Q4 2017	42.98	19.21	1.12
Q1 2018	More than 100	40.66	1.54
Q2 2018	NEG	More than 100	1.47
Q3 2018	NEG	NEG	1.68
Q4 2018	NEG	NEG	1.65
Q1 2019	NEG	NEG	2.17
Q2 2019	NEG	NEG	2.04
Q3 2019	NEG	NEG	2.02
Q4 2019	NEG	NEG	2.00
Q1 2020	NEG	NEG	1.45
Q2 2020	NEG	NEG	1.76
Q3 2020	NEG	NEG	2.40
Q4 2020	NEG	NEG	2.88
Q1 2021	NEG	NEG	3.18
Q2 2021	NEG	NEG	3.47
Q3 2021	More than 100	NEG	3.06
Q4 2021	More than 100	NEG	2.60
Q1 2022	53.79	More than 100	2.53
Q2 2022	23.68	42.97	1.99

Period	P/E	Adjusted P/E	Price/book
2012	24.02	24.02	1.63
2013	22.79	22.79	2.31
2014	39.29	39.29	1.53
2015	33.23	32.24	1.43
2016	NEG	NEG	1.37
2017	42.98	19.21	1.12
2018	NEG	NEG	1.65
2019	NEG	NEG	2.00
2020	NEG	NEG	2.88
2021	More than 100	NEG	2.60

Business Segments (Million)

Compared With The

Period	Steele Pipes	Process equipment
Q1 2016	189.38	4.96
Q2 2016	142.38	8.96
Q3 2016	108.37	14.24
Q4 2016	117.56	18.91
Q1 2017	112.31	15.70
Q2 2017	147.84	14.26
Q3 2017	166.54	28.03
Q4 2017	190.06	21.69
Q1 2018	164.97	12.17
Q2 2018	143.73	12.56
Q3 2018	112.50	13.98
Q4 2018	166.54	19.76
Q1 2019	176.76	18.56
Q2 2019	138.74	23.10
Q3 2019	127.23	30.57
Q4 2019	139.82	16.77
Q1 2020	111.60	10.74
Q2 2020	58.26	14.37
Q3 2020	150.31	6.23
Q4 2020	154.73	2.26
Q1 2021	92.08	2.62

Period	Steele Pipes	Process equipment
2016	557.70	47.07
2017	616.74	79.68
2018	587.74	58.46
2019	582.55	89.00
2020	474.90	33.62

Analysts Estimates (Million)

Item	Q2 2022 (e)	Q2 2022 (a)	Change‬
Average	12.00	11.74	(2.1 %)

Estimates vs Actual (Million)

Item	Q2 2022 (e)	Q2 2022 (a)	Change
SNB Capital	12.00	11.74	(2.1) %

Financial Ratios

	Current
Market Cap (M Riyal)	3,483.30
Enterprise Value (EV) (M)	4,028.11
Shares Outstanding ((M))	51.00
EPS ( Riyal) (TTM)	4.22
Book Value (BV) ( Riyal)	16.51
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	16.18
P/E (TTM)	16.18
Price/book	4.14
Return on Average Assets (%) (TTM)	11.1
Return on Average Equity (%) (TTM)	28.6

Saudi Steel Pipe Co. (SSP)

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Saudi Steel Pipe H1 2022 turns to profit of SAR 26.3 mln; Q2 at SAR 11.7 mln

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2022 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Saudi Steel Pipe Co. (SSP)

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Saudi Steel Pipe H1 2022 turns to profit of SAR 26.3 mln; Q2 at SAR 11.7 mln

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q1 2021

Revenue by Business Segment (Latest) 2022 Q2

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Saudi Steel Pipe Co. (SSP)

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Business Segments (Million)