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Perma-Pipe International Holdings Inc (PPIH)



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Upturn Advisory Summary
04/01/2025: PPIH (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -16.37% | Avg. Invested days 41 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 106.75M USD | Price to earnings Ratio 6.31 | 1Y Target Price 32 |
Price to earnings Ratio 6.31 | 1Y Target Price 32 | ||
Volume (30-day avg) 22562 | Beta 0.33 | 52 Weeks Range 6.83 - 17.58 | Updated Date 04/1/2025 |
52 Weeks Range 6.83 - 17.58 | Updated Date 04/1/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.97 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 10.33% | Operating Margin (TTM) 13.44% |
Management Effectiveness
Return on Assets (TTM) 7.96% | Return on Equity (TTM) 27.36% |
Valuation
Trailing PE 6.31 | Forward PE - | Enterprise Value 121738751 | Price to Sales(TTM) 0.7 |
Enterprise Value 121738751 | Price to Sales(TTM) 0.7 | ||
Enterprise Value to Revenue 0.79 | Enterprise Value to EBITDA 5.46 | Shares Outstanding 7982570 | Shares Floating 7125001 |
Shares Outstanding 7982570 | Shares Floating 7125001 | ||
Percent Insiders 11.15 | Percent Institutions 34.58 |
Analyst Ratings
Rating - | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Perma-Pipe International Holdings Inc

Company Overview
History and Background
Perma-Pipe International Holdings Inc. was founded in 1961. It initially focused on providing pre-insulated piping systems and has expanded through acquisitions and organic growth to serve various industries globally.
Core Business Areas
- Piping Systems: Designs, engineers, and manufactures pre-insulated piping and leak detection systems for oil and gas, district heating and cooling, and other industries.
- Containment Solutions: Manufactures and sells containment piping systems for fuel, oil, and hazardous waste transportation.
Leadership and Structure
The leadership team consists of the CEO, CFO, and other key executives. The company operates with a functional organizational structure with various departments focused on engineering, manufacturing, sales, and marketing.
Top Products and Market Share
Key Offerings
- XTRU-THERMu00ae: Pre-insulated piping system for district heating and cooling. No precise market share data available. Competitors include Uponor and Logstor.
- PERMA-PIPEu00ae: Pre-insulated piping systems for oil and gas. No precise market share data available. Competitors include Shawcor and Aegion Corporation.
- Poly-Flo: Containment piping systems for fuel and hazardous waste. No precise market share data available. Competitors include OPW Fueling Components and Xerxes.
Market Dynamics
Industry Overview
The pre-insulated piping market is driven by infrastructure development, energy efficiency initiatives, and the need for safe and reliable transportation of fluids. The market is competitive, with a mix of large and small players.
Positioning
Perma-Pipe positions itself as a provider of high-quality, customized piping solutions for specialized applications. Competitive advantages include its engineering expertise and global presence.
Total Addressable Market (TAM)
The global pre-insulated pipe market is expected to reach billions of dollars, depending on the report used. Perma-Pipe holds a smaller market share percentage but aims to grow through technological innovation and expanded service offerings. The total market is dynamic and varies based on region.
Upturn SWOT Analysis
Strengths
- Strong engineering capabilities
- Global presence
- Customized solutions
- Long-standing industry experience
Weaknesses
- Relatively small market share compared to larger competitors
- Dependence on specific industries and projects
- Potential for project delays and cost overruns
Opportunities
- Expanding into emerging markets
- Developing new products and technologies
- Acquiring smaller competitors
- Benefiting from increased infrastructure spending
Threats
- Economic downturns
- Increased competition
- Fluctuations in raw material prices
- Regulatory changes
Competitors and Market Share
Key Competitors
- Shawcor (SHA.TO)
- Aegion Corporation (AEGN)
- Logstor (Private)
- Uponor (UPONOR.HE)
Competitive Landscape
Perma-Pipe's competitive advantage lies in its niche focus and engineering expertise, but it faces competition from larger, more diversified players with greater financial resources.
Major Acquisitions
Rovac Algerie SARL
- Year: 2016
- Acquisition Price (USD millions): 3.1
- Strategic Rationale: Expanded Perma-Pipe's presence in the North African market.
Growth Trajectory and Initiatives
Historical Growth: Historical growth requires current financial data. Historical data may be found in company's 10K SEC filings
Future Projections: Future projections are best derived by looking at analyst estimates.
Recent Initiatives: Refer to latest press releases and investor presentations for strategic initiatives
Summary
Perma-Pipe demonstrates solid engineering expertise and a global reach within the specialized piping market. It benefits from infrastructure development trends and energy efficiency initiatives. However, its smaller market share and dependence on specific industries present challenges. The company must focus on innovation, strategic expansion, and managing raw material costs to ensure sustained growth and compete effectively with larger entities.
Similar Companies
- SHA.TO
- AEGN
Sources and Disclaimers
Data Sources:
- Company website
- SEC filings
- Industry reports
- Financial news sources
Disclaimers:
This analysis is based on available information and is not financial advice. Investors should conduct their own due diligence.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Perma-Pipe International Holdings Inc
Exchange NASDAQ | Headquaters Spring, TX, United States | ||
IPO Launch date 2016-01-04 | President, CEO & Director Mr. David J. Mansfield | ||
Sector Industrials | Industry Building Products & Equipment | Full time employees 819 | Website https://www.permapipe.com |
Full time employees 819 | Website https://www.permapipe.com |
Perma-Pipe International Holdings, Inc., together with its subsidiaries, engineers, designs, manufactures, and sells specialty piping and leak detection systems. It offers insulated 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, North Africa, 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 Spring, Texas.
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