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PPIH

Perma-Pipe International Holdings NasdaqGM:PPIH Stock Report

Last Price

US$9.00

Market Cap

US$71.3m

7D

15.8%

1Y

33.9%

Updated

30 Jun, 2022

Data

Company Financials
PPIH fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends0/6

PPIH Stock Overview

Perma-Pipe International Holdings, Inc., together with its subsidiaries, engineers, designs, manufactures, and sells specialty piping and leak detection systems.

Perma-Pipe International Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Perma-Pipe International Holdings
Historical stock prices
Current Share PriceUS$9.00
52 Week HighUS$15.70
52 Week LowUS$6.53
Beta0.095
1 Month Change-23.27%
3 Month Change-5.46%
1 Year Change33.93%
3 Year Change-1.32%
5 Year Change15.38%
Change since IPO12.50%

Recent News & Updates

Jun 16
Perma-Pipe International Holdings' (NASDAQ:PPIH) Earnings Are Weaker Than They Seem

Perma-Pipe International Holdings' (NASDAQ:PPIH) Earnings Are Weaker Than They Seem

Perma-Pipe International Holdings, Inc. ( NASDAQ:PPIH ) announced strong profits, but the stock was stagnant. We did...

Shareholder Returns

PPIHUS MachineryUS Market
7D15.8%-1.3%1.6%
1Y33.9%-22.5%-20.8%

Return vs Industry: PPIH exceeded the US Machinery industry which returned -22.5% over the past year.

Return vs Market: PPIH exceeded the US Market which returned -20.8% over the past year.

Price Volatility

Is PPIH's price volatile compared to industry and market?
PPIH volatility
PPIH Average Weekly Movement12.2%
Machinery Industry Average Movement6.1%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: PPIH is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: PPIH's weekly volatility (12%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1993608David Mansfieldhttps://www.permapipe.com

Perma-Pipe International Holdings, Inc., together with its subsidiaries, engineers, designs, manufactures, and sells specialty piping and leak detection systems. It offers provides and jacketed district heating and cooling piping systems for energy distribution from central energy plants to various locations; and primary and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products, as well as engages in the coating and insulation of oil and gas gathering and transmission pipelines. The company also offers liquid and powder based anti-corrosion coatings for external and internal surfaces of steel pipe, including shapes like bends, reducers, tees, and other spools/fittings that is used in pipelines for the transportation of oil and gas products and potable water.

Perma-Pipe International Holdings Fundamentals Summary

How do Perma-Pipe International Holdings's earnings and revenue compare to its market cap?
PPIH fundamental statistics
Market CapUS$71.31m
Earnings (TTM)US$6.02m
Revenue (TTM)US$145.35m

11.8x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PPIH income statement (TTM)
RevenueUS$145.35m
Cost of RevenueUS$110.28m
Gross ProfitUS$35.07m
Other ExpensesUS$29.05m
EarningsUS$6.02m

Last Reported Earnings

Apr 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.76
Gross Margin24.13%
Net Profit Margin4.14%
Debt/Equity Ratio48.6%

How did PPIH perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is PPIH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PPIH?

Other financial metrics that can be useful for relative valuation.

PPIH key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.7x
Enterprise Value/EBITDA7.4x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does PPIH's PE Ratio compare to its peers?

PPIH PE Ratio vs Peers
The above table shows the PE ratio for PPIH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average34.3x
TPCS TechPrecision
113xn/aUS$52.0m
MUEL Paul Mueller
10.9xn/aUS$49.9m
SCX L.S. Starrett
3.5xn/aUS$47.0m
EML Eastern
9.6xn/aUS$126.9m
PPIH Perma-Pipe International Holdings
11.8xn/aUS$71.3m

Price-To-Earnings vs Peers: PPIH is good value based on its Price-To-Earnings Ratio (11.8x) compared to the peer average (34.3x).


Price to Earnings Ratio vs Industry

How does PPIH's PE Ratio compare vs other companies in the US Machinery Industry?

Price-To-Earnings vs Industry: PPIH is good value based on its Price-To-Earnings Ratio (11.8x) compared to the US Machinery industry average (20.1x)


Price to Earnings Ratio vs Fair Ratio

What is PPIH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PPIH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PPIH's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of PPIH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate PPIH's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate PPIH's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PPIH's PEG Ratio to determine if it is good value.


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Future Growth

How is Perma-Pipe International Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.0%

Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Perma-Pipe International Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

Past Performance

How has Perma-Pipe International Holdings performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


47.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PPIH has a high level of non-cash earnings.

Growing Profit Margin: PPIH became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PPIH has become profitable over the past 5 years, growing earnings by 47.7% per year.

Accelerating Growth: PPIH has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PPIH has become profitable in the last year, making it difficult to compare its past year earnings growth to the Machinery industry (22.7%).


Return on Equity

High ROE: PPIH's Return on Equity (11.4%) is considered low.


Discover strong past performing companies

Financial Health

How is Perma-Pipe International Holdings's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PPIH's short term assets ($81.5M) exceed its short term liabilities ($42.8M).

Long Term Liabilities: PPIH's short term assets ($81.5M) exceed its long term liabilities ($26.3M).


Debt to Equity History and Analysis

Debt Level: PPIH's net debt to equity ratio (36.6%) is considered satisfactory.

Reducing Debt: PPIH's debt to equity ratio has increased from 23.3% to 48.6% over the past 5 years.

Debt Coverage: PPIH's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: PPIH's interest payments on its debt are well covered by EBIT (9x coverage).


Balance Sheet


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Dividend

What is Perma-Pipe International Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate PPIH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PPIH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PPIH's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PPIH's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as PPIH has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

David Mansfield (61 yo)

5.58yrs

Tenure

US$1,239,249

Compensation

Mr. David J. Mansfield has been the President and Chief Executive Officer of Perma-Pipe International Holdings, Inc. since November 8, 2016. He has been the Chief Executive Officer and President of Perma-P...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD1.24M) is above average for companies of similar size in the US market ($USD760.83K).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: PPIH's management team is considered experienced (3.6 years average tenure).


Board Members

Experienced Board: PPIH's board of directors are considered experienced (6.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Perma-Pipe International Holdings, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Perma-Pipe International Holdings, Inc.
  • Ticker: PPIH
  • Exchange: NasdaqGM
  • Founded: 1993
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: US$71.313m
  • Shares outstanding: 7.92m
  • Website: https://www.permapipe.com

Number of Employees


Location

  • Perma-Pipe International Holdings, Inc.
  • 6410 West Howard Street
  • Niles
  • Illinois
  • 60714-3491
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/30 00:00
End of Day Share Price2022/06/30 00:00
Earnings2022/04/30
Annual Earnings2022/01/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.