Perma-Pipe International Holdings (PPIH) AI Stock Analysis

• Market Cap: $89.64M
• Dividend Yield: N/A
• Average Volume (3M): 33.78K
• Price to Earnings (P/E): 5.7
• Beta (1Y): 0.77
• Revenue Growth: 4.52%
• EPS Growth: 215.10%
• Country: US
• Employees: 819
• Sector: Industrials
• Sector Strength: 78
• Industry: Construction
• EPS (TTM): 1.98
• Shares Outstanding: 7,982,568
• 10 Day Avg. Volume: 17,772
• 30 Day Avg. Volume: 33,783
• PEG Ratio: 0.03
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.49
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 3.22
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Perma-Pipe International Holdings is well-positioned with strong financial performance and attractive valuation. Corporate events bolster strategic leadership, supporting ongoing growth. Technical indicators suggest moderate market sentiment, balancing positive fundamentals.

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 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. It has operations in the United States, Canada, the Middle East, Europe, 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 incorporated in 1993 and is headquartered in Niles, Illinois.

How the Company Makes Money

Perma-Pipe International Holdings generates revenue primarily through the sale of its pre-insulated piping systems and leak detection products. The company's key revenue streams include contracts with clients in the oil and gas industry, district energy systems, and other industrial sectors requiring efficient fluid transport solutions. PPIH also benefits from its strategic partnerships with engineering and construction firms, which help to expand its market reach and secure large-scale projects. Additionally, the company offers installation and maintenance services, providing a recurring revenue stream from ongoing customer support and system upgrades.

Perma-Pipe International Holdings Financial Statement Overview

Summary

Perma-Pipe International Holdings demonstrates solid financial health with strong profit margins and effective cash flow management. The balance sheet is stable with low leverage, and the company exhibits consistent revenue and cash flow growth. Continued focus on revenue expansion and equity returns will enhance financial resilience and long-term growth.

Income Statement

Perma-Pipe International Holdings shows a robust performance in the TTM with a gross profit margin of 32.63% and a net profit margin of 10.33%. The EBIT and EBITDA margins stand at 12.63% and 15.01% respectively, indicating strong operational efficiency. The revenue growth rate of 2% from the previous annual period suggests steady expansion. However, the company should continue to focus on increasing revenue growth to further enhance its profitability.

Balance Sheet

The balance sheet reflects a strong equity position with a debt-to-equity ratio of 0.22, indicating low leverage and financial stability. The equity ratio is 44.28%, showing a balanced capital structure. Return on equity (ROE) is 22.27%, demonstrating effective use of equity to generate profits. The company maintains a healthy balance, but increasing equity returns could further strengthen its financial position.

Cash Flow

Cash flow analysis reveals a significant improvement with a free cash flow growth rate of 191.54% compared to the previous annual period. The operating cash flow to net income ratio is 0.95, and the free cash flow to net income ratio is 0.67, highlighting strong cash generation capabilities. Consistent positive operating cash flows indicate effective cash management.

Breakdown
Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
150.67M	142.57M	138.55M	84.69M	127.66M
	Gross Profit
41.46M	38.30M	32.53M	11.18M	29.05M
	EBIT
13.36M	8.03M	4.83M	-11.38M	1.50M
	EBITDA
15.99M	14.79M	12.44M	-2.17M	5.94M
	Net Income Common Stockholders
10.47M	5.95M	6.06M	-7.64M	3.58M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
5.84M	5.77M	8.21M	7.17M	13.37M
	Total Assets
155.71M	122.97M	123.40M	102.69M	112.22M
	Total Debt
32.79M	29.38M	34.54M	27.61M	29.01M
	Net Debt
26.95M	23.61M	26.32M	20.44M	15.63M
	Total Liabilities
83.73M	65.18M	68.94M	53.38M	56.60M
	Stockholders Equity
65.71M	57.78M	54.46M	49.31M	55.63M
Cash Flow		Free Cash Flow
3.63M	-8.22M	-4.84M	-1.80M	2.19M
	Operating Cash Flow
14.73M	-1.24M	-2.57M	165.00K	4.09M
	Investing Cash Flow
-11.10M	-6.38M	-2.25M	-1.96M	-1.90M
	Financing Cash Flow
-3.26M	4.54M	6.23M	-4.14M	-301.00K

Perma-Pipe International Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 13.50
• 50DMA: Positive
• 100DMA: Negative
• 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 13.5 is above the 20-day moving average (MA) of 11.69, above the 50-day MA of 12.69, and above the 200-day MA of 12.99, indicating a bullish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 58.11 is Neutral, neither overbought nor oversold. The STOCH value of 22.86 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	75 Outperform	$89.64M	5.68	24.75%	―	4.52%	215.10%
ASPN	68 Neutral	$478.67M	37.49	2.43%	―	89.64%	―
GMS	65 Neutral	$2.88B	20.77	10.37%	―	3.71%	-49.38%
Sector *	64 Neutral	$4.28B	11.80	5.30%	250.74%	4.12%	-9.02%
JBI	62 Neutral	$1.02B	15.13	13.56%	―	-9.61%	-47.79%
SWIM	56 Neutral	$695.82M	77.89	-4.54%	―	-10.23%	-600.45%
JELD	45 Neutral	$492.56M	―	-25.51%	―	-15.09%	-358.01%

Perma-Pipe International Holdings Corporate Events

Perma-Pipe International Holdings Announces CEO Retirement

On March 31, 2025, David Mansfield announced his retirement as CEO of Perma-Pipe International Holdings, effective by November 8, 2025, with Saleh Sagr appointed as President to ensure a smooth transition. Mansfield’s tenure saw significant growth and strategic international expansion, positioning the company for continued success. Sagr, previously Senior Vice President of the MENA region, brings extensive experience and leadership, expected to drive further growth and maintain the company’s trajectory.

Perma-Pipe Appoints Jon C. Biro to Board

On February 28, 2025, Perma-Pipe International Holdings announced the appointment of Jon C. Biro to its Board of Directors, effective March 4, 2025. Mr. Biro brings extensive financial and executive experience, filling the gap left by a previous board member’s resignation. This strategic move aims to enhance the board’s diversity and expertise, aligning with the company’s growth objectives and industry best practices.