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Perma-Pipe International Holdings Inc (PPIH)



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Upturn Advisory Summary
09/17/2025: PPIH (2-star) is a SELL. SELL since 3 days. Simulated Profits (85.74%). Updated daily EoD!
Analysis of Past Performance
Type Stock | Historic Profit 69.66% | Avg. Invested days 42 | Today’s Advisory SELL |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 183.44M USD | Price to earnings Ratio 14.83 | 1Y Target Price 32 |
Price to earnings Ratio 14.83 | 1Y Target Price 32 | ||
Volume (30-day avg) - | Beta 0.27 | 52 Weeks Range 7.72 - 24.50 | Updated Date 06/29/2025 |
52 Weeks Range 7.72 - 24.50 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.55 |
Earnings Date
Report Date 2025-06-11 | When Before Market | Estimate - | Actual 0.6129 |
Profitability
Profit Margin 7.31% | Operating Margin (TTM) 16.88% |
Management Effectiveness
Return on Assets (TTM) 9.34% | Return on Equity (TTM) 21.09% |
Valuation
Trailing PE 14.83 | Forward PE - | Enterprise Value 201746412 | Price to Sales(TTM) 1.07 |
Enterprise Value 201746412 | Price to Sales(TTM) 1.07 | ||
Enterprise Value to Revenue 1.18 | Enterprise Value to EBITDA 6.91 | Shares Outstanding 7982570 | Shares Floating 7173615 |
Shares Outstanding 7982570 | Shares Floating 7173615 | ||
Percent Insiders 10.5 | Percent Institutions 41.39 |
Upturn AI SWOT
Perma-Pipe International Holdings Inc

Company Overview
History and Background
Perma-Pipe International Holdings Inc. was founded in 1961. Initially focused on providing pre-insulated piping systems, the company has grown through acquisitions and product development to offer a broad range of specialty piping solutions for various industries.
Core Business Areas
- Piping Systems: Designs, engineers, and manufactures pre-insulated piping and leak detection systems for the transmission of hot and cold liquids.
- Containment Solutions: Provides containment piping systems for fuel, chemicals, and other hazardous materials.
- Industrial Insulation: Offers insulation products and services for industrial applications.
Leadership and Structure
The company is led by a Board of Directors and an executive management team. The organizational structure is divisional, with each business segment having its own management and operations.
Top Products and Market Share
Key Offerings
- XTRU-THERMu00ae: A polyurethane-insulated piping system for district heating and cooling. The market share data is not public. Competitors: Logstor, Brugg Rohrsysteme, Isoplus.
- PERMA-LOKu00ae: A field-fabricated piping system for oil, gas, and chemical applications. The market share data is not public. Competitors: Shawcor, Denso North America.
- Poly-Therm: Pre-insulated polyethylene piping system for chilled water and other low temperature applications. Market share is not public. Competitors: Rovanco, Thermacor.
Market Dynamics
Industry Overview
The pre-insulated piping industry is driven by infrastructure development, energy efficiency regulations, and the need for reliable fluid transport in various sectors. The industry is competitive, with several global and regional players.
Positioning
Perma-Pipe positions itself as a provider of engineered piping solutions with a focus on quality and innovation. Competitive advantages include its established brand reputation and broad product portfolio.
Total Addressable Market (TAM)
The global pre-insulated pipe market is estimated to be billions of USD. Perma-Pipe is positioned to capture a share of the TAM through its diversified product offerings and geographic reach.
Upturn SWOT Analysis
Strengths
- Strong brand reputation
- Diversified product portfolio
- Established customer relationships
- Engineering expertise
Weaknesses
- Dependence on project-based revenue
- Fluctuations in raw material prices
- Limited geographic diversification
- Smaller size compared to main competitors
Opportunities
- Growing demand for energy-efficient piping systems
- Infrastructure development in emerging markets
- Expansion of district heating and cooling networks
- Increasing adoption of leak detection technologies
Threats
- Intense competition
- Economic downturns affecting construction activity
- Changes in regulations and standards
- Disruptive technologies
Competitors and Market Share
Key Competitors
- Shawcor (SHA.TO)
- Logstor A/S
- Brugg Rohrsysteme
Competitive Landscape
Perma-Pipe competes on price, quality, and engineering expertise. It faces challenges from larger competitors with greater resources.
Major Acquisitions
Charlestown Holdings, Inc.
- Year: 2023
- Acquisition Price (USD millions): 17.5
- Strategic Rationale: Expanded the company's manufacturing footprint and increased its capabilities in providing specialized piping systems.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by project wins and strategic acquisitions.
Future Projections: Future growth is expected to be driven by increasing infrastructure spending and demand for efficient piping systems.
Recent Initiatives: Recent initiatives include expanding into new markets and developing new product lines.
Summary
Perma-Pipe is a mid-sized player in the specialty piping market with a diversified product portfolio and established brand. Its strengths lie in its engineering expertise and ability to provide customized solutions. However, it faces competition from larger players and is susceptible to fluctuations in raw material prices and project delays. Future growth depends on its ability to capitalize on infrastructure development and demand for energy-efficient solutions.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC filings
- Industry reports
- Analyst estimates
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data are estimates and may not be precise.
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 The Woodlands, TX, United States | ||
IPO Launch date 2016-01-04 | President & CEO Mr. Saleh Sagr | ||
Sector Industrials | Industry Building Products & Equipment | Full time employees 750 | Website https://www.permapipe.com |
Full time employees 750 | Website https://www.permapipe.com |
Perma-Pipe International Holdings, Inc., together with its subsidiaries, designs, engineers, manufactures, and sells specialty piping and leak detection systems in the United States, Canada, the Middle East, North Africa, Europe, India, and internationally. The company 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. It also provides liquid and powder based anti-corrosion coatings for external and internal surfaces of steel pipe, including bends, reducers, tees, and other spools/fittings used in pipelines for the transportation of oil and gas products and potable water. 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 The Woodlands, Texas.

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