Perma-pipe International Stock Fair Value Calculator – PERMA-PIPE INTERNATIONAL Reports Q2 FY2024 Earnings Results for July 31 2023
September 20, 2023
🌥️Earnings Overview
On September 14 2023, PERMA-PIPE INTERNATIONAL ($NASDAQ:PPIH) released their second quarter FY2024 financial results, which ended on July 31 2023. Revenue for the quarter was USD 35.1 million, a 5.0% decrease from the same period the previous year. Net income experienced a significantly larger drop of 45.5%, down to USD 1.0 million.
Market Price
On Thursday, PERMA-PIPE INTERNATIONAL reported its earnings results for the second quarter of FY2024, ended July 31, 2023. The company’s stock opened at $8.6 and closed at the same price, up by 1.1% from its previous closing price of 8.5. Overall, the positive earnings report for the second quarter of FY2024 is a sign that the company is performing well and on track to achieve its long-term goals. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Perma-pipe International. More…
| Total Revenues | Net Income | Net Margin |
| 139.14 | 4.86 | 3.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Perma-pipe International. More…
| Operations | Investing | Financing |
| 13.46 | -11.21 | -2.44 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Perma-pipe International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 143.31 | 84.1 | 7.18 |
Key Ratios Snapshot
Some of the financial key ratios for Perma-pipe International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.2% | 23.3% | 8.1% |
| FCF Margin | ROE | ROA |
| 1.2% | 12.3% | 4.9% |
Analysis – Perma-pipe International Stock Fair Value Calculator
At GoodWhale, we conducted an analysis of PERMA-PIPE INTERNATIONAL‘s wellbeing. After careful consideration, we determined the fair value of PERMA-PIPE INTERNATIONAL’s share to be around $9.4, thanks to our proprietary Valuation Line. Currently, PERMA-PIPE INTERNATIONAL’s stock is being traded at $8.6, making it a fair price that is undervalued by 8.4%. More…
Peers
It faces competition from Takasago Thermal Engineering Co Ltd, GDS Global Ltd, and Lindab International AB, all of which are established players in the market. Perma-Pipe offers a wide range of products and services to meet the needs of its customers in the oil and gas, HVAC, and industrial markets.
– Takasago Thermal Engineering Co Ltd ($TSE:1969)
Takasago Thermal Engineering Co Ltd is a leading provider of thermal engineering solutions from Japan. The company has a market cap of 116.6 billion as of 2022, making it one of the largest and most successful companies in the industry. Its Return on Equity (ROE) of 7.68% reflects the company’s ability to generate high returns from its investments and assets. Takasago Thermal Engineering Co Ltd specializes in the development, design, manufacture, installation, and maintenance of thermal engineering products and systems. It offers products and services for a wide range of applications, including air conditioning, power plants, and industrial processes.
– GDS Global Ltd ($SGX:5VP)
GDS Global Ltd is an international information technology services provider with operations in more than 15 countries around the world. The company specializes in providing end-to-end IT services, including software development, web and mobile application development, cloud computing, and IT consulting services. As of 2022, GDS Global Ltd had a market cap of 3.92M and a Return on Equity of -8.38%. The company’s market cap is relatively low compared to other similar companies in the industry, indicating that it is a smaller sized enterprise. Conversely, its Return on Equity is negative, suggesting that the company’s shareholders are not receiving a return on their investments.
– Lindab International AB ($BER:L5E)
Lindab International AB is a Sweden-based company that designs and manufactures air management, ventilation, and building components. The company operates in more than 30 countries and has a market cap of 877.57M as of 2022. Lindab International AB has a Return on Equity (ROE) of 13.73%, which is an indicator of its profitability and financial health. The company’s strong ROE indicates that it is efficiently utilizing its capital and generating returns on its investments.
Summary
PERMA-PIPE INTERNATIONAL has released their financial results for Q2 of FY2024, showing a 5.0% decrease in total revenue and a 45.5% decrease in net income compared to the same period last year. This suggests investors should be cautious when considering PERMA-PIPE INTERNATIONAL as an investment, as it may not be as profitable as previously thought. Investors should analyse the company’s financial performance in upcoming quarters to determine if an investment is viable. Additionally, they should consider other factors such as competitive advantage and potential growth opportunities, to further assess the company’s investment potential.
Related Posts
Recent Posts
