Perma-Pipe International Holdings (PPIH) AI Stock Analysis

• Market Cap: $267.59M
• Dividend Yield: N/A
• Average Volume (3M): 73.20K
• Price to Earnings (P/E): 8.9
• Beta (1Y): 1.36
• Revenue Growth: 30.74%
• EPS Growth: -13.58%
• Country: US
• Employees: 750
• Sector: Industrials
• Sector Strength: 72
• Industry: Construction
• EPS (TTM): 0.77
• Shares Outstanding: 8,094,045
• 10 Day Avg. Volume: 50,185
• 30 Day Avg. Volume: 73,204
• PEG Ratio: 0.08
• Price to Book (P/B): 0.97
• Price to Sales (P/S): 0.43
• P/FCF Ratio: 17.67
• Enterprise Value/Market Cap: 1.06
• Enterprise Value/Revenue: 1.41
• Enterprise Value/Gross Profit: 4.21
• Enterprise Value/Ebitda: 8.79
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 1.72
• Revenue Forecast (FY): $225.00M

• Rating: 73 Outperform
• Price Target: $33.00 ▲(2.68% Upside)
• Action: Upgraded Date: 12/14/25
• Date: Action: Upgraded 12/14/25

Perma-Pipe International Holdings demonstrates strong financial performance with robust revenue growth and improved cash flow, which are the most significant factors in its overall score. The technical analysis indicates a strong upward trend, though caution is advised due to overbought signals. The valuation is reasonable, supporting the company's growth prospects. The recent board appointment is a positive but minor factor in the overall assessment.

Positive Factors

Sustained Revenue & Margins

Consistent revenue growth combined with healthy gross and EBIT margins indicates Perma-Pipe can scale engineered piping sales while maintaining pricing and cost controls. This supports durable profitability across multi-year infrastructure and energy projects and underpins long-term cash generation.

Negative Factors

Negative EPS Growth

Declining EPS suggests per-share profitability pressure that may stem from dilution, higher costs, or one-time charges. Persistently negative EPS growth can limit investor returns, constrain share-based capital allocation choices, and reduce room for buybacks or payouts over the medium term.

Perma-Pipe International Holdings Business Overview & Revenue Model

Company Description

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 energ...

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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 energ...

How the Company Makes Money

Perma-Pipe International Holdings generates revenue primarily through the sale of its engineered piping systems and related services. The company's key revenue streams include the direct sale of insulated and non-insulated pipes, as well as specia...

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Perma-Pipe International Holdings generates revenue primarily through the sale of its engineered piping systems and related services. The company's key revenue streams include the direct sale of insulated and non-insulated pipes, as well as specia...

Perma-Pipe International Holdings Financial Statement Overview

Breakdown	TTM	Apr 2025	Jan 2024	Jan 2023	Jan 2022	Jan 2021
Income Statement
Total Revenue	200.78M	158.38M	150.67M	142.57M	138.55M	84.69M
Gross Profit	67.32M	53.25M	41.46M	38.30M	32.53M	11.18M
EBITDA	32.21M	20.30M	16.15M	15.45M	13.57M	-2.17M
Net Income	13.88M	8.98M	10.47M	5.95M	6.06M	-7.64M
Balance Sheet
Total Assets	216.99M	165.24M	155.71M	122.97M	123.40M	102.69M
Cash, Cash Equivalents and Short-Term Investments	27.24M	15.72M	5.84M	5.77M	8.21M	7.17M
Total Debt	42.80M	33.25M	32.79M	29.38M	34.54M	27.61M
Total Liabilities	117.00M	82.14M	83.73M	65.18M	68.94M	53.38M
Stockholders Equity	85.75M	72.14M	65.71M	57.78M	54.46M	49.31M
Cash Flow
Free Cash Flow	12.27M	11.05M	3.63M	-8.22M	-4.84M	-1.80M
Operating Cash Flow	21.99M	13.93M	14.73M	-1.24M	-2.57M	165.00K
Investing Cash Flow	-9.70M	-2.85M	-11.10M	-6.38M	-2.25M	-1.96M
Financing Cash Flow	1.86M	-907.00K	-3.26M	4.54M	6.23M	-4.14M

Perma-Pipe International Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 32.14
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PPIH, the sentiment is Positive. The current price of 32.14 is above the 20-day moving average (MA) of 29.53, above the 50-day MA of 30.64, and above the 200-day MA of 27.90, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 57.22 is Neutral, neither overbought nor oversold. The STOCH value of 66.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PPIH.

Perma-Pipe International Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PPIH	73 Outperform	$267.59M	8.88	17.57%	―	30.74%	-13.58%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SWIM	60 Neutral	$679.53M	66.46	-2.68%	―	4.12%	-198.38%
ASPN	46 Neutral	$309.77M	-0.60	-133.77%	―	-14.74%	-20086.56%
BXC	45 Neutral	$443.45M	2,188.09	2.20%	―	-0.19%	-50.51%
JELD	41 Neutral	$92.99M	-0.34	-217.71%	―	-15.28%	-350.51%
AEHL	40 Underperform	$4.26M	-1.11	―	―	36.37%	80.95%

Perma-Pipe International Holdings Corporate Events