Ascent Industries vs. Northwest Pipe: Financial Comparison

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Northwest Pipe ($NASDAQ:NWPX) Company is a leading manufacturer of welded steel pipe and tube products in North America. The company has an extensive network of production facilities and sales offices throughout the United States and Canada. Northwest Pipe produces a wide range of hollow structural sections, including round, square, and rectangular tubing, as well as pipe and tube products for the oil and gas, mining, water, and construction industries. In terms of financial performance, Northwest Pipe has been a consistently strong performer, with revenue and earnings growth in each of the last five years. In comparison, Ascent Industries has been more volatile, with revenue and earnings growth in some years and declines in others.

However, over the last five years, Ascent Industries’ revenue and earnings have grown at a faster rate than Northwest Pipe’s. Looking at valuation measures, Northwest Pipe trades at a slightly higher price-to-earnings ratio than Ascent Industries. However, Ascent Industries has a lower price-to-book ratio, indicating that it is cheaper on a relative basis. Overall, both companies appear to be reasonably priced based on their financial performance and valuation measures.

Price History

On Monday, shares of Northwest Pipe Company opened at $29.0 and closed at $29.4, up by 4.7% from last closing price of $28.1. The company’s stock has been on a tear lately, thanks to a string of positive news stories. Northwest Pipe is a leading manufacturer of welded steel pipe and tube products for the oil and gas, construction, and industrial end markets. The company’s products are used in a variety of applications, including the transportation of water and other fluids, the construction of pipelines and buildings, and the fabrication of industrial equipment.

Investors have been bullish on Northwest Pipe recently due to a number of positive developments. And third, the company received a favorable ruling from the International Trade Commission in its anti-dumping case against Chinese competitors.

VI Analysis

Company’s fundamentals reflect its long term potential, below analysis on NORTHWEST PIPE are made simple by VI app. According to VI Risk Rating, NORTHWEST PIPE is a medium risk investment in terms of financial and business aspects. The company has a potential risk in terms of its financial stability and business model.

However, the company’s fundamentals reflect its long term potential. The company’s income sheet, balance sheet, and financial journal all present potential risks. The company’s income is declining, its balance sheet is leveraged, and its financial journal reflects a number of one-time items that could impact the company’s future earnings. Despite these potential risks, the company’s fundamentals reflect its long term potential. The company’s products are in demand, it has a strong market position, and its financials are solid. The company is a medium risk investment.

Summary

If you’re looking at investing in Northwest Pipe , one big thing you need to consider is how it stacks up against Ascent Industries , one of its main competitors. Here’s a financial comparison of the two companies. So, Ascent Industries is trading at a much lower valuation than Northwest Pipe.

One thing to keep in mind is that Ascent Industries is a much smaller company than Northwest Pipe, so it’s not surprising that it has a lower market cap. But, given the financials of the two companies, Ascent Industries looks like a more attractive investment at this time.