Perma-Pipe International Holdings (PPIH) AI Stock Analysis

• Market Cap: $228.25M
• Dividend Yield: N/A
• Average Volume (3M): 128.95K
• Price to Earnings (P/E): 22.4
• Beta (1Y): 1.12
• Revenue Growth: 14.90%
• EPS Growth: -34.75%
• Country: US
• Employees: 750
• Sector: Industrials
• Sector Strength: 72
• Industry: Construction
• EPS (TTM): 0.10
• Shares Outstanding: 8,094,045
• 10 Day Avg. Volume: 71,772
• 30 Day Avg. Volume: 128,954
• PEG Ratio: -0.98
• Price to Book (P/B): 1.68
• Price to Sales (P/S): 0.76
• P/FCF Ratio: 10.93
• Enterprise Value/Market Cap: 0.95
• Enterprise Value/Revenue: 1.20
• Enterprise Value/Gross Profit: 3.61
• Enterprise Value/Ebitda: 8.27
• 1Y Price Target: $29.00
• Price Target Upside: 6.46% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: $30.00 ▲(10.13% Upside)

Perma-Pipe International Holdings demonstrates strong financial performance with solid revenue growth and profitability, supported by a healthy balance sheet. The technical indicators suggest a positive market trend, although liquidity challenges and moderate valuation temper the overall outlook.

Perma-Pipe International Holdings Business Overview & Revenue Model

Company Description

Perma-Pipe International Holdings, Inc. (PPIH) is a leading provider of engineered piping systems and solutions for the energy, industrial, and commercial markets. The company specializes in the design, manufacturing, and installation of pre-insulated piping systems used for district heating and cooling, as well as for the transportation of fluids in various applications. PPIH operates in multiple sectors, including oil and gas, chemical processing, and water management, offering a range of products from insulated pipe systems to monitoring and leak detection technologies.

How the Company Makes Money

PPIH generates revenue primarily through the sale of its engineered piping systems and related services. This includes the manufacturing and installation of pre-insulated piping products, which are critical for efficiency in heating and cooling applications in large buildings and industrial processes. The company also earns money through maintenance contracts and service agreements that support its installed systems. Key revenue streams include project-based contracts with large corporations and government entities, as well as recurring revenues from ongoing service and maintenance. Additionally, strategic partnerships with construction firms and energy companies enhance its market reach and contribute to its earnings, allowing PPIH to secure large-scale projects and leverage its technological expertise in the piping industry.

Perma-Pipe International Holdings Financial Statement Overview

Summary

Perma-Pipe International Holdings demonstrates strong financial performance with consistent revenue growth and improving profitability. The balance sheet is stable, though increasing liabilities may require attention. Strong cash flow generation supports the company's financial health.

Income Statement

Perma-Pipe International Holdings shows strong financial performance with consistent revenue growth and improving profitability. The TTM revenue is up by 7.8% compared to the previous year, with a notable increase in gross profit margin from 33.6% to 34.8%. The net profit margin for TTM stands at 7.3%, reflecting better cost management. EBIT and EBITDA margins have also improved, indicating operational efficiency.

Balance Sheet

The company's balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.48, which is manageable within the construction industry. The equity ratio of 43.7% signifies a solid capital structure. However, the total liabilities have been increasing, which could pose a risk if not managed properly.

Cash Flow

The cash flow statements indicate strong cash generation, with free cash flow showing robust growth. The operating cash flow to net income ratio is healthy, suggesting efficient conversion of earnings into cash. The free cash flow to net income ratio is also positive, indicating good cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	181.20M	158.38M	150.67M	142.57M	138.55M	84.69M
Gross Profit	60.40M	53.25M	41.46M	38.30M	32.53M	11.18M
EBITDA	26.34M	20.30M	15.99M	15.45M	13.57M	-2.17M
Net Income	10.05M	8.98M	10.47M	5.95M	6.06M	-7.64M
Balance Sheet
Total Assets	63.64M	165.24M	155.71M	122.97M	123.40M	102.69M
Cash, Cash Equivalents and Short-Term Investments	17.26M	15.72M	5.84M	5.77M	8.21M	7.17M
Total Debt	44.02M	33.25M	32.79M	29.38M	34.54M	27.61M
Total Liabilities	96.56M	82.14M	83.73M	65.18M	68.94M	53.38M
Stockholders Equity	80.20M	72.14M	65.71M	57.78M	54.46M	49.31M
Cash Flow
Free Cash Flow	4.76M	11.05M	3.63M	-8.22M	-4.84M	-1.80M
Operating Cash Flow	9.88M	13.93M	14.73M	-1.24M	-2.57M	165.00K
Investing Cash Flow	-5.09M	-2.85M	-11.10M	-6.38M	-2.25M	-1.96M
Financing Cash Flow	3.14M	-907.00K	-3.26M	4.54M	6.23M	-4.14M

Perma-Pipe International Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 27.24
• 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 27.24 is above the 20-day moving average (MA) of 27.10, above the 50-day MA of 26.63, and above the 200-day MA of 19.62, indicating a bullish trend. The MACD of 0.68 indicates Negative momentum. The RSI at 55.75 is Neutral, neither overbought nor oversold. The STOCH value of 44.47 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	69 Neutral	$228.25M	22.39	13.51%	―	14.90%	-34.75%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
BXC	62 Neutral	$503.38M	18.87	2.20%	―	-0.19%	-50.51%
SWIM	53 Neutral	$809.97M	―	-2.68%	―	4.12%	-198.38%
ASPN	42 Neutral	$610.29M	―	-75.47%	―	11.18%	-3810800.00%
AEHL	39 Underperform	$6.02M	-0.04	―	―	36.37%	80.95%
JELD	38 Underperform	$239.13M	―	-155.47%	―	-15.28%	―