(PPIH) Perma-Pipe International - Overview
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US7141671039
Stock: Insulated Piping, Leak Detection, Anti-Corrosion Coatings, Containment
Total Rating 66
Risk 99
Buy Signal 1.08
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 85.9% |
| Relative Tail Risk | -28.6% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.28 |
| Alpha | 85.62 |
| Character TTM | |
|---|---|
| Beta | 1.577 |
| Beta Downside | 0.619 |
| Drawdowns 3y | |
|---|---|
| Max DD | 45.77% |
| CAGR/Max DD | 0.91 |
Description: PPIH Perma-Pipe International January 01, 2026
Perma-Pipe International Holdings, Inc. (NASDAQ:PPIH) designs, engineers, manufactures, and sells specialty insulated and jacketed piping, leak-detection systems, and anti-corrosion coatings for energy, chemical, and water-transport applications across North America, Europe, the Middle East, and India. The product portfolio spans district-heating/cooling distribution lines, primary and secondary containment for hazardous fluids, and coating services for oil- and gas-gathering pipelines.
Key operating metrics (FY 2023) show revenue of roughly **$71 million**, a **gross margin of 34%**, and a **backlog of $158 million**, indicating a pipeline of projects that exceeds annual sales by more than two-fold. The business is sensitive to macro-drivers such as U.S. infrastructure spending (the 2021 Infrastructure Investment and Jobs Act allocated $110 billion to water and energy pipelines) and global oil-and-gas capital-expenditure trends, which have risen ~7% YoY in 2023 as firms replace aging assets to meet ESG-related leak-prevention mandates.
For a deeper dive into PPIH’s valuation metrics, you might explore the ValueRay platform.
Piotroski VR‑10 (Strict, 0-10) 7.0
| Net Income: 13.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -0.38 > 1.0 |
| NWC/Revenue: 32.51% < 20% (prev 32.96%; Δ -0.44% < -1%) |
| CFO/TA 0.10 > 3% & CFO 22.0m > Net Income 13.9m |
| Net Debt (15.6m) to EBITDA (25.3m): 0.62 < 3 |
| Current Ratio: 1.76 > 1.5 & < 3 |
| Outstanding Shares: last quarter (8.18m) vs 12m ago 1.89% < -2% |
| Gross Margin: 33.53% > 18% (prev 0.33%; Δ 3320 % > 0.5%) |
| Asset Turnover: 106.3% > 50% (prev 95.54%; Δ 10.77% > 0%) |
| Interest Coverage Ratio: 10.91 > 6 (EBITDA TTM 25.3m / Interest Expense TTM 2.05m) |
Altman Z'' 3.47
| A: 0.30 (Total Current Assets 151.6m - Total Current Liabilities 86.3m) / Total Assets 217.0m |
| B: 0.15 (Retained Earnings 32.2m / Total Assets 217.0m) |
| C: 0.12 (EBIT TTM 22.4m / Avg Total Assets 188.9m) |
| D: 0.21 (Book Value of Equity 24.5m / Total Liabilities 117.0m) |
| Altman-Z'' Score: 3.47 = A |
Beneish M -3.01
| DSRI: 1.10 (Receivables 89.2m/62.1m, Revenue 200.8m/153.6m) |
| GMI: 0.97 (GM 33.53% / 32.63%) |
| AQI: 0.62 (AQ_t 0.05 / AQ_t-1 0.08) |
| SGI: 1.31 (Revenue 200.8m / 153.6m) |
| TATA: -0.04 (NI 13.9m - CFO 22.0m) / TA 217.0m) |
| Beneish M-Score: -3.01 (Cap -4..+1) = AA |
What is the price of PPIH shares?
As of February 08, 2026, the stock is trading at USD 31.46 with a total of 80,702 shares traded.
Over the past week, the price has changed by +8.93%, over one month by -0.47%, over three months by +12.88% and over the past year by +111.85%.
Over the past week, the price has changed by +8.93%, over one month by -0.47%, over three months by +12.88% and over the past year by +111.85%.
Is PPIH a buy, sell or hold?
Perma-Pipe International has no consensus analysts rating.
What are the forecasts/targets for the PPIH price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 36 | 14.4% |
| Analysts Target Price | 36 | 14.4% |
| ValueRay Target Price | 41.6 | 32.2% |
PPIH Fundamental Data Overview February 03, 2026
P/E Trailing = 18.8596
P/S = 1.1642
P/B = 2.726
Revenue TTM = 200.8m USD
EBIT TTM = 22.4m USD
EBITDA TTM = 25.3m USD
Long Term Debt = 12.7m USD (from longTermDebt, last quarter)
Short Term Debt = 18.9m USD (from shortTermDebt, last quarter)
Debt = 42.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 15.6m USD (from netDebt column, last quarter)
Enterprise Value = 276.6m USD (261.0m + Debt 42.8m - CCE 27.2m)
Interest Coverage Ratio = 10.91 (Ebit TTM 22.4m / Interest Expense TTM 2.05m)
EV/FCF = 22.55x (Enterprise Value 276.6m / FCF TTM 12.3m)
FCF Yield = 4.44% (FCF TTM 12.3m / Enterprise Value 276.6m)
FCF Margin = 6.11% (FCF TTM 12.3m / Revenue TTM 200.8m)
Net Margin = 6.91% (Net Income TTM 13.9m / Revenue TTM 200.8m)
Gross Margin = 33.53% ((Revenue TTM 200.8m - Cost of Revenue TTM 133.5m) / Revenue TTM)
Gross Margin QoQ = 34.35% (prev 30.11%)
Tobins Q-Ratio = 1.27 (Enterprise Value 276.6m / Total Assets 217.0m)
Interest Expense / Debt = 1.16% (Interest Expense 497.0k / Debt 42.8m)
Taxrate = 27.39% (2.99m / 10.9m)
NOPAT = 16.3m (EBIT 22.4m * (1 - 27.39%))
Current Ratio = 1.76 (Total Current Assets 151.6m / Total Current Liabilities 86.3m)
Debt / Equity = 0.50 (Debt 42.8m / totalStockholderEquity, last quarter 85.8m)
Debt / EBITDA = 0.62 (Net Debt 15.6m / EBITDA 25.3m)
Debt / FCF = 1.27 (Net Debt 15.6m / FCF TTM 12.3m)
Total Stockholder Equity = 79.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 7.35% (Net Income 13.9m / Total Assets 217.0m)
RoE = 17.57% (Net Income TTM 13.9m / Total Stockholder Equity 79.0m)
RoCE = 24.45% (EBIT 22.4m / Capital Employed (Equity 79.0m + L.T.Debt 12.7m))
RoIC = 16.26% (NOPAT 16.3m / Invested Capital 100.1m)
WACC = 10.20% (E(261.0m)/V(303.8m) * Re(11.73%) + D(42.8m)/V(303.8m) * Rd(1.16%) * (1-Tc(0.27)))
Discount Rate = 11.73% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.98%
[DCF Debug] Terminal Value 61.01% ; FCFF base≈11.2m ; Y1≈7.38m ; Y5≈3.37m
Fair Price DCF = 3.99 (EV 47.9m - Net Debt 15.6m = Equity 32.3m / Shares 8.09m; r=10.20% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: 38.57 | EPS CAGR: 23.49% | SUE: N/A | # QB: 0
Revenue Correlation: 70.98 | Revenue CAGR: 12.64% | SUE: N/A | # QB: 0
EPS next Year (2027-01-31): EPS=1.72 | Chg30d=-0.200 | Revisions Net=+0 | Growth EPS=-0.6% | Growth Revenue=+6.6%
P/S = 1.1642
P/B = 2.726
Revenue TTM = 200.8m USD
EBIT TTM = 22.4m USD
EBITDA TTM = 25.3m USD
Long Term Debt = 12.7m USD (from longTermDebt, last quarter)
Short Term Debt = 18.9m USD (from shortTermDebt, last quarter)
Debt = 42.8m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 15.6m USD (from netDebt column, last quarter)
Enterprise Value = 276.6m USD (261.0m + Debt 42.8m - CCE 27.2m)
Interest Coverage Ratio = 10.91 (Ebit TTM 22.4m / Interest Expense TTM 2.05m)
EV/FCF = 22.55x (Enterprise Value 276.6m / FCF TTM 12.3m)
FCF Yield = 4.44% (FCF TTM 12.3m / Enterprise Value 276.6m)
FCF Margin = 6.11% (FCF TTM 12.3m / Revenue TTM 200.8m)
Net Margin = 6.91% (Net Income TTM 13.9m / Revenue TTM 200.8m)
Gross Margin = 33.53% ((Revenue TTM 200.8m - Cost of Revenue TTM 133.5m) / Revenue TTM)
Gross Margin QoQ = 34.35% (prev 30.11%)
Tobins Q-Ratio = 1.27 (Enterprise Value 276.6m / Total Assets 217.0m)
Interest Expense / Debt = 1.16% (Interest Expense 497.0k / Debt 42.8m)
Taxrate = 27.39% (2.99m / 10.9m)
NOPAT = 16.3m (EBIT 22.4m * (1 - 27.39%))
Current Ratio = 1.76 (Total Current Assets 151.6m / Total Current Liabilities 86.3m)
Debt / Equity = 0.50 (Debt 42.8m / totalStockholderEquity, last quarter 85.8m)
Debt / EBITDA = 0.62 (Net Debt 15.6m / EBITDA 25.3m)
Debt / FCF = 1.27 (Net Debt 15.6m / FCF TTM 12.3m)
Total Stockholder Equity = 79.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 7.35% (Net Income 13.9m / Total Assets 217.0m)
RoE = 17.57% (Net Income TTM 13.9m / Total Stockholder Equity 79.0m)
RoCE = 24.45% (EBIT 22.4m / Capital Employed (Equity 79.0m + L.T.Debt 12.7m))
RoIC = 16.26% (NOPAT 16.3m / Invested Capital 100.1m)
WACC = 10.20% (E(261.0m)/V(303.8m) * Re(11.73%) + D(42.8m)/V(303.8m) * Rd(1.16%) * (1-Tc(0.27)))
Discount Rate = 11.73% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.98%
[DCF Debug] Terminal Value 61.01% ; FCFF base≈11.2m ; Y1≈7.38m ; Y5≈3.37m
Fair Price DCF = 3.99 (EV 47.9m - Net Debt 15.6m = Equity 32.3m / Shares 8.09m; r=10.20% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: 38.57 | EPS CAGR: 23.49% | SUE: N/A | # QB: 0
Revenue Correlation: 70.98 | Revenue CAGR: 12.64% | SUE: N/A | # QB: 0
EPS next Year (2027-01-31): EPS=1.72 | Chg30d=-0.200 | Revisions Net=+0 | Growth EPS=-0.6% | Growth Revenue=+6.6%