Added to YB: 2026-09-02
Pitch date: 2026-08-29
PPIH [bullish]
Perma-Pipe International Holdings, Inc.
+1.05%
current return
Author Info
Matheus Lonning shares independent research. Small/micro cap focus. Long biased. Sign up for the newsletter.
Company Info
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 United Arab Emirates, Saudi Arabia, and internationally.
Market Cap
$216.5M
Pitch Price
$26.72
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.02
P/E
15.68
EV/Sales
1.21
Sector
Machinery
Category
value
Portfolio Update (08/28/26) - Trade Idea: Perma-Pipe International Holdings, Inc.
PPIH: Perma-Pipe appears to have priced in the worst ahead of September 9 earnings, despite a real risk that Middle East issues weigh on Q2. At $26.60, it trades at 15.6x LTM earnings and ~1x sales. Record Q2 backlog additions of $67M support expectations for continued backlog growth, while expanded capacity coming online supports the expectation of a record FY27; a new credit agreement provides up to $139M for expansion.
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