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PPIH logo PPIH
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PPIH logo

Perma-Pipe International Holdings Inc (PPIH)

Upturn stock ratingUpturn stock rating
$27.04
Last Close (24-hour delay)
Profit since last BUY91.77%
upturn advisory
Consider higher Upturn Star rating
BUY since 65 days
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Upturn Advisory Summary

08/14/2025: PPIH (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Number of Analysts

rating

0 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

Analysis of Past Performance

Type Stock
Historic Profit 75.16%
Avg. Invested days 39
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 4.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

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

ai summary icon Upturn AI SWOT

Perma-Pipe International Holdings Inc

stock logo

Company Overview

overview logo History and Background

Perma-Pipe International Holdings Inc. was founded in 1961. Originally focused on pipe insulation, it evolved into a leading engineered pipe systems manufacturer for various industries, undergoing several ownership and strategic shifts to expand its product portfolio and global reach.

business area logo Core Business Areas

  • Perma-Pipe: Designs, engineers, and manufactures specialty piping systems for district heating and cooling, oil and gas transmission, and other applications requiring thermal insulation or specialized protection.
  • Ricwil: Designs and manufactures pre-insulated piping systems for underground distribution of chilled water, hot water, and steam.
  • XTRU-THERM: Offers high-temperature insulation systems for above-ground and buried applications, suitable for industrial processes and oil and gas facilities.

leadership logo Leadership and Structure

David Mansfield serves as the President and CEO. The company operates with a functional organizational structure, dividing responsibilities across departments such as sales, engineering, manufacturing, and finance, reporting to the executive leadership team and the Board of Directors.

Top Products and Market Share

overview logo Key Offerings

  • Pre-Insulated Piping Systems: These systems are designed for district heating and cooling, oil and gas, and industrial applications. While specific market share data for Perma-Pipe's pre-insulated piping systems is difficult to obtain as it's a niche market, competitors include companies like Logstor, Brugg Rohrsysteme AG (Switzerland), and Uponor (although Uponor is more heavily focused on building technology).
  • Leak Detection Systems: Perma-Pipe offers leak detection systems for pipelines. Market share data is not readily available. Key competitors are in the pipeline integrity and monitoring space, like Pure Technologies (Xylem) and Atmos International.
  • Custom Engineered Piping Solutions: Offers tailored piping solutions for unique project requirements. The market share data is difficult to quantify because of the custom nature of the work. Competition varies by specific project and region.

Market Dynamics

industry overview logo Industry Overview

The engineered pipe systems industry is driven by infrastructure development, energy production, and demand for efficient thermal solutions. It's experiencing growth due to aging infrastructure replacement and the increasing need for energy-efficient and environmentally sound solutions.

Positioning

Perma-Pipe positions itself as a provider of reliable, high-quality engineered pipe systems with a focus on thermal performance and longevity. Its competitive advantages include its engineering expertise, global reach, and strong relationships with key customers.

Total Addressable Market (TAM)

The global pre-insulated pipe market is estimated to be in the billions of dollars annually. Perma-Pipe captures a portion of this market, primarily focusing on specific applications within district energy, oil and gas, and industrial sectors. Their TAM is dependent on specific projects being developed and where Perma-Pipe is well positioned to compete.

Upturn SWOT Analysis

Strengths

  • Strong engineering capabilities
  • Global presence and distribution network
  • Established reputation for quality and reliability
  • Diverse product portfolio

Weaknesses

  • Reliance on cyclical industries (e.g., oil and gas)
  • Susceptibility to commodity price fluctuations (raw materials)
  • Variable project revenue can create lumpy financial reporting
  • Smaller size compared to some competitors

Opportunities

  • Expansion into emerging markets
  • Development of new, energy-efficient products
  • Increased demand for district heating and cooling systems
  • Infrastructure spending in developed nations

Threats

  • Economic downturns
  • Increased competition from low-cost manufacturers
  • Fluctuations in raw material prices (steel, insulation)
  • Changes in regulatory requirements

Competitors and Market Share

competitor logo Key Competitors

  • LOG.ST
  • BRUGG.SW
  • UPON.HE

Competitive Landscape

Perma-Pipe benefits from its strong engineering capabilities and global reach, but its smaller size and reliance on cyclical industries present challenges. Competitors like Logstor have a broader product range and potentially a stronger market presence in certain regions.

Growth Trajectory and Initiatives

Historical Growth: Historical growth is dependent on cyclical construction and infrastructure projects.

Future Projections: Future projections depend on the success of strategic initiatives, market conditions, and the overall economic climate.

Recent Initiatives: Recent initiatives include expanding into new markets, developing innovative products, and improving operational efficiency.

Summary

Perma-Pipe is a niche player in the engineered pipe systems market, offering specialized solutions with a focus on thermal performance. Its strengths lie in its engineering expertise and global presence. However, the company faces challenges related to cyclical industries and competition. The company has many great opportunities if it can execute them well.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Website
  • Industry Reports
  • Market Analysis Reports

Disclaimers:

This analysis is based on publicly available information and industry estimates. It is not financial advice and should not be used as the sole basis for investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 750

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.