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Perma-Pipe International Holdings

Nasdaq:PPIH
Snowflake Description

Excellent balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PPIH
Nasdaq
$69M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Perma-Pipe International Holdings, Inc., together with its subsidiaries, engineers, designs, manufactures, and sells specialty piping, and leak detection and location systems. The last earnings update was 99 days ago. More info.


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PPIH Share Price and Events
7 Day Returns
-0.8%
NasdaqGM:PPIH
1%
US Machinery
1.2%
US Market
1 Year Returns
-3.1%
NasdaqGM:PPIH
-6.1%
US Machinery
3%
US Market
PPIH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Perma-Pipe International Holdings (PPIH) -0.8% 0.6% -2.3% -3.1% 22.7% -41%
US Machinery 1% 0.6% 17.2% -6.1% 49.1% 28.1%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • PPIH outperformed the Machinery industry which returned -6.1% over the past year.
  • PPIH underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
PPIH
Industry
5yr Volatility vs Market

Value

 Is Perma-Pipe International Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Perma-Pipe International Holdings. This is due to cash flow or dividend data being unavailable. The share price is $8.75.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Perma-Pipe International Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Perma-Pipe International Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:PPIH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-10-31) in USD $-0.39
NasdaqGM:PPIH Share Price ** NasdaqGM (2019-03-20) in USD $8.75
United States of America Machinery Industry PE Ratio Median Figure of 102 Publicly-Listed Machinery Companies 20.82x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Perma-Pipe International Holdings.

NasdaqGM:PPIH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:PPIH Share Price ÷ EPS (both in USD)

= 8.75 ÷ -0.39

-22.54x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Perma-Pipe International Holdings is loss making, we can't compare its value to the US Machinery industry average.
  • Perma-Pipe International Holdings is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Perma-Pipe International Holdings's expected growth come at a high price?
Raw Data
NasdaqGM:PPIH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -22.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Machinery Industry PEG Ratio Median Figure of 85 Publicly-Listed Machinery Companies 1.52x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Perma-Pipe International Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Perma-Pipe International Holdings's assets?
Raw Data
NasdaqGM:PPIH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-10-31) in USD $6.45
NasdaqGM:PPIH Share Price * NasdaqGM (2019-03-20) in USD $8.75
United States of America Machinery Industry PB Ratio Median Figure of 129 Publicly-Listed Machinery Companies 2.4x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NasdaqGM:PPIH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:PPIH Share Price ÷ Book Value per Share (both in USD)

= 8.75 ÷ 6.45

1.36x

* Primary Listing of Perma-Pipe International Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Perma-Pipe International Holdings is good value based on assets compared to the US Machinery industry average.
X
Value checks
We assess Perma-Pipe International Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Perma-Pipe International Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.1%
Expected Machinery industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Perma-Pipe International Holdings expected to grow at an attractive rate?
  • Unable to compare Perma-Pipe International Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Perma-Pipe International Holdings's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Perma-Pipe International Holdings's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:PPIH Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Machinery Industry Earnings Growth Rate Market Cap Weighted Average 11.1%
United States of America Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:PPIH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:PPIH Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-10-31 121 2 -3
2018-07-31 116 -2 -6
2018-04-30 111 -1 -8
2018-01-31 105 -2 -10
2017-10-31 105 -3 -11
2017-07-31 103 -7 -11
2017-04-30 99 -10 -11
2017-01-31 99 -5 -13
2016-10-31 102 1 -10
2016-07-31 123 -4 0
2016-04-30 125 2 -1
2016-01-31 123 -3 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Perma-Pipe International Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Perma-Pipe International Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:PPIH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Perma-Pipe International Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:PPIH Past Financials Data
Date (Data in USD Millions) EPS *
2018-10-31 -0.39
2018-07-31 -0.80
2018-04-30 -0.99
2018-01-31 -1.30
2017-10-31 -1.38
2017-07-31 -1.44
2017-04-30 -1.40
2017-01-31 -1.76
2016-10-31 -1.39
2016-07-31 -0.02
2016-04-30 -0.15
2016-01-31 0.22

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Perma-Pipe International Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Perma-Pipe International Holdings's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Perma-Pipe International Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Perma-Pipe International Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Perma-Pipe International Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Perma-Pipe International Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Perma-Pipe International Holdings's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Perma-Pipe International Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Perma-Pipe International Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Perma-Pipe International Holdings's 1-year growth to the US Machinery industry average as it is not currently profitable.
Earnings and Revenue History
Perma-Pipe International Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Perma-Pipe International Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:PPIH Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-10-31 121.42 -3.02 19.45
2018-07-31 116.11 -6.18 19.66
2018-04-30 110.64 -7.60 19.58
2018-01-31 105.25 -9.98 20.05
2017-10-31 105.47 -10.54 22.34
2017-07-31 103.27 -10.95 20.80
2017-04-30 99.28 -10.56 20.91
2017-01-31 98.85 -13.16 21.60
2016-10-31 101.55 -10.30 21.12
2016-07-31 123.20 -0.14 23.84
2016-04-30 125.49 -1.11 24.24
2016-01-31 122.70 1.64 23.86
2015-10-31 62.58 0.04 16.32
2015-07-31 59.45 -7.06 17.48
2015-04-30 87.68 -3.31 20.57
2015-01-31 126.92 4.24 24.93
2014-10-31 210.09 4.47 37.18
2014-07-31 224.24 12.27 39.32
2014-04-30 231.67 15.28 39.23
2014-01-31 226.84 12.79 39.13
2013-10-31 210.13 -3.61 38.29
2013-07-31 199.40 -10.65 36.69
2013-04-30 179.00 -16.45 35.85
2013-01-31 168.81 -20.76 34.79
2012-10-31 176.91 -6.11 36.05
2012-07-31 201.01 -5.55 37.76
2012-04-30 224.59 -6.06 40.63

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Perma-Pipe International Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Perma-Pipe International Holdings has efficiently used its assets last year compared to the US Machinery industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Perma-Pipe International Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Perma-Pipe International Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Perma-Pipe International Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Perma-Pipe International Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Perma-Pipe International Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Perma-Pipe International Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Perma-Pipe International Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Perma-Pipe International Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Perma-Pipe International Holdings Company Filings, last reported 4 months ago.

NasdaqGM:PPIH Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-10-31 50.81 21.60 9.58
2018-07-31 51.21 17.18 5.25
2018-04-30 50.30 18.47 9.88
2018-01-31 51.81 15.75 7.08
2017-10-31 52.41 17.88 8.37
2017-07-31 55.64 16.31 8.55
2017-04-30 56.38 13.08 9.06
2017-01-31 59.41 11.73 7.60
2016-10-31 60.43 14.07 9.01
2016-07-31 64.66 12.25 11.61
2016-04-30 65.05 15.29 12.86
2016-01-31 69.03 15.47 16.63
2015-10-31 72.64 44.08 10.88
2015-07-31 66.51 31.82 10.01
2015-04-30 69.06 29.51 10.72
2015-01-31 72.80 18.53 9.90
2014-10-31 81.10 30.74 14.42
2014-07-31 81.76 36.99 14.97
2014-04-30 80.33 32.69 12.84
2014-01-31 76.64 31.84 13.40
2013-10-31 77.52 40.94 10.52
2013-07-31 69.58 41.91 6.04
2013-04-30 64.42 43.85 10.98
2013-01-31 54.26 40.96 7.03
2012-10-31 69.32 47.44 5.59
2012-07-31 68.40 49.97 6.13
2012-04-30 70.15 47.35 7.08
  • Perma-Pipe International Holdings's level of debt (42.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (52.7% vs 42.5% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Perma-Pipe International Holdings has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Perma-Pipe International Holdings has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -44.4% per year.
X
Financial health checks
We assess Perma-Pipe International Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Perma-Pipe International Holdings has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Perma-Pipe International Holdings dividends.
If you bought $2,000 of Perma-Pipe International Holdings shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Perma-Pipe International Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Perma-Pipe International Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:PPIH Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 78 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Perma-Pipe International Holdings has not reported any payouts.
  • Unable to verify if Perma-Pipe International Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Perma-Pipe International Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Perma-Pipe International Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Perma-Pipe International Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Perma-Pipe International Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Perma-Pipe International Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Perma-Pipe International Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Mansfield
COMPENSATION $860,254
AGE 58
TENURE AS CEO 2.3 years
CEO Bio

Mr. David J. Mansfield has been the President and Chief Executive Officer of Perma-Pipe International Holdings, Inc. since November 2016. He has been the Chief Executive Officer and President of Perma-Pipe, Inc. since February 2, 2017. Mr. Mansfield has been the Chief Executive Officer and President of MFRI, Inc. since November 8, 2016. He served as the Chief Financial Officer of Pipestream Inc. since June 1, 2009 to 2014. Prior to Pipestream, he spent more than 17 years with Bredero Shaw, where he held numerous positions of increasing responsibility including Vice President Strategic Planning, Vice President Controller and Commercial General Manager. In these capacities his responsibilities included: the development of growth strategies and long term strategic and financial plans of the group; leading acquisition and merger activities; the analysis of financial, operational and competitive positions; directing major bids and contract negotiations; evaluation and approval of major investment opportunities; management of commercial and business development activities; and overall responsibility for financial accounting and administrative affairs of the group. Prior to Bredero shaw, Mr. Mansfield spent 6 years with Calor Group plc in a number of financial and internal audit positions. His responsibilities here included financial accounting and reporting, tax management and compliance and evaluation of internal controls. From 2015 to 2016, Mr. Mansfield served as Chief Financial Officer ("CFO") of Compressor Engineering Corp. & CECO Pipeline Services Co. During his tenure with Bredero Shaw, Mr. Mansfield served in numerous roles including Vice President Controller and Commercial General Manager, Europe, Africa & FSU. He began his career in a chartered accountant´s public practice in positions including Corporate Tax Specialist and Audit Senior. He has international oil services experience and extensive experience in mergers and acquisitions, strategic planning and financial analysis and control. He has been a Director of Perma-Pipe, Inc. since February 2, 2017. He has been a director of the Perma-Pipe International Holdings, Inc. since January 30, 2017. He has been a Director of MFRI, Inc. since January 31, 2017. In 1986, Mr. Mansfield qualified in the UK as a member of the Chartered Association of Certified Accountants and was admitted as a fellow member (FCCA) in 1991. He is a certified accountant.

CEO Compensation
  • David's compensation has increased whilst company is loss making.
  • David's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Perma-Pipe International Holdings management team in years:

1.3
Average Tenure
61
Average Age
  • The average tenure for the Perma-Pipe International Holdings management team is less than 2 years, this suggests a new team.
Management Team

David Mansfield

TITLE
President
COMPENSATION
$860K
AGE
58
TENURE
2.3 yrs

Wayne Bosch

TITLE
VP & Chief Human Resources Officer
COMPENSATION
$307K
AGE
61
TENURE
5.3 yrs

D. Norwood

TITLE
VP & CFO

Grant Dewbre

TITLE
Senior Vice President of MENA
TENURE
1.3 yrs

Scott James

TITLE
Senior Vice President of Americas
TENURE
0.7 yrs

Avin Gidwani

TITLE
President of PPME

John Love

TITLE
General Manager of Cartridge Filter Products

Thierry Jahant

TITLE
Vice President of Oil & Gas International
TENURE
0.9 yrs

Will Leong

TITLE
General Manager of PermAlert
TENURE
0.9 yrs

Fati Elgendy

TITLE
Consultant
COMPENSATION
$386K
AGE
69
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure and age of the Perma-Pipe International Holdings board of directors in years:

3.5
Average Tenure
57
Average Age
  • The tenure for the Perma-Pipe International Holdings board of directors is about average.
Board of Directors

David Barrie

TITLE
Chairman of the Board
COMPENSATION
$136K
AGE
66
TENURE
3.5 yrs

David Mansfield

TITLE
President
COMPENSATION
$860K
AGE
58
TENURE
2.2 yrs

Jerry Walker

TITLE
Independent Director
COMPENSATION
$106K
AGE
54
TENURE
4.9 yrs

David Brown

TITLE
Independent Director
COMPENSATION
$135K
AGE
56
TENURE
3.9 yrs

Cindy Boiter

TITLE
Independent Director
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • Perma-Pipe International Holdings insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
07. Jan 19 Sell Mark Zorko Individual 03. Jan 19 04. Jan 19 -7,983 $8.75 $-67,756
28. Jun 18 Sell Karl Schmidt Individual 28. Jun 18 28. Jun 18 -299 $9.45 $-2,826
25. Jun 18 Sell Karl Schmidt Individual 25. Jun 18 25. Jun 18 -1,250 $9.45 $-11,813
X
Management checks
We assess Perma-Pipe International Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Perma-Pipe International Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Volatility 101: Should Perma-Pipe International Holdings Shares Have Dropped 44%?

(NASDAQ:PPIH), since the last five years saw the share price fall 44%. … Perma-Pipe International Holdings isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … In the last five years Perma-Pipe International Holdings saw its revenue shrink by 16% per year.

Simply Wall St -

What Investors Should Know About Perma-Pipe International Holdings, Inc.'s (NASDAQ:PPIH) Financial Strength

(NASDAQ:PPIH) is a small-cap stock with a market capitalization of US$68m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

Perma-Pipe International Holdings Inc (NASDAQ:PPIH): What Does Its Beta Value Mean For Your Portfolio?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Perma-Pipe International Holdings Inc (NASDAQ:PPIH): Risks You Need To Consider Before Buying

If you are looking to invest in Perma-Pipe International Holdings Inc’s (NASDAQ:PPIH), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … Any stock with a beta of greater than one is considered more volatile than the market, and those with a beta less than one is generally less volatile.

Simply Wall St -

Perma-Pipe International Holdings Inc (NASDAQ:PPIH): Time For A Financial Health Check

Investors are always looking for growth in small-cap stocks like Perma-Pipe International Holdings Inc (NASDAQ:PPIH), with a market cap of US$72.62m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Are Earnings Prospects Improving For Loss-Making Perma-Pipe International Holdings Inc's (NASDAQ:PPIH)?

After looking at Perma-Pipe International Holdings Inc's (NASDAQ:PPIH) latest earnings announcement (31 October 2017), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … For Perma-Pipe International Holdings, its most recent trailing-twelve-month earnings is -US$9.75M, which, against the previous year's level, has become less negative. … NasdaqGM:PPIH Income Statement Mar 30th 18 We can further examine Perma-Pipe International Holdings's loss by looking at what the industry has been experiencing over the past few years.

Simply Wall St -

Are Perma-Pipe International Holdings Inc's (NASDAQ:PPIH) Interest Costs Too High?

Does PPIH generate enough cash through operations? … PPIH has shrunken its total debt levels in the last twelve months, from US$15.47M to US$11.73M , which is made up of current and long term debt. … Can PPIH meet its short-term obligations with the cash in hand?

Simply Wall St -

Company Info

Description

Perma-Pipe International Holdings, Inc., together with its subsidiaries, engineers, designs, manufactures, and sells specialty piping, and leak detection and location systems. It offers various piping systems, including industrial and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products; insulated and jacketed piping systems for district heating and cooling; and coating and/or insulation of oil and gas gathering flow and long lines for oil and mineral transportation. The company sells its products in the United States, the Middle East, Canada, India, and internationally. The company was formerly known as MFRI, Inc. and changed its name to Perma-Pipe International Holdings, Inc. in March 2017. Perma-Pipe International Holdings, Inc. was founded in 1989 and is headquartered in Niles, Illinois.

Details
Name: Perma-Pipe International Holdings, Inc.
PPIH
Exchange: NasdaqGM
Founded: 1989
$68,997,022
7,885,374
Website: http://investors.permapipe.com
Address: Perma-Pipe International Holdings, Inc.
6410 West Howard Street,
Niles,
Illinois, 60714,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM PPIH Common Stock Nasdaq Global Market US USD 14. Dec 1989
Number of employees
Current staff
Staff numbers
665
Perma-Pipe International Holdings employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:40
End of day share price update: 2019/03/20 00:00
Last earnings filing: 2018/12/11
Last earnings reported: 2018/10/31
Last annual earnings reported: 2018/01/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.