PPIH has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
PPIH has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Perma-Pipe International Holdings has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Perma-Pipe International Holdings's Piotroski F-Score or its related term are showing as below:
During the past 13 years, the highest Piotroski F-Score of Perma-Pipe International Holdings was 8. The lowest was 1. And the median was 5.
The historical data trend for Perma-Pipe International Holdings's Piotroski F-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Perma-Pipe International Holdings Annual Data | |||||||||||||||||||||
Trend | Jan15 | Jan16 | Jan17 | Jan18 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | |||||||||||
Piotroski F-Score | Get a 7-Day Free Trial |
![]() |
![]() |
7.00 | 3.00 | 5.00 | 4.00 | 6.00 |
Perma-Pipe International Holdings Quarterly Data | ||||||||||||||||||||
Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | Apr24 | Jul24 | Oct24 | |
Piotroski F-Score | Get a 7-Day Free Trial |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
5.00 | 6.00 | 5.00 | 8.00 | 6.00 |
For the Building Products & Equipment subindustry, Perma-Pipe International Holdings's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Construction industry and Industrials sector, Perma-Pipe International Holdings's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Perma-Pipe International Holdings's Piotroski F-Score falls into.
How is the Piotroski F-Score calculated?
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
This Year (Oct24) TTM: | Last Year (Oct23) TTM: |
Net Income was 8.637 + 1.443 + 3.289 + 2.491 = $15.9 Mil. Cash Flow from Operations was 7.114 + 1.35 + 1.394 + 5.162 = $15.0 Mil. Revenue was 40.179 + 34.321 + 37.513 + 41.563 = $153.6 Mil. Gross Profit was 12.034 + 10.517 + 13.474 + 14.086 = $50.1 Mil. Average Total Assets from the begining of this year (Oct23) to the end of this year (Oct24) was (144.205 + 155.711 + 157.163 + 159.187 + 160.749) / 5 = $155.403 Mil. Total Assets at the begining of this year (Oct23) was $144.2 Mil. Long-Term Debt & Capital Lease Obligation was $22.6 Mil. Total Current Assets was $104.4 Mil. Total Current Liabilities was $53.8 Mil. |
Net Income was 3.234 + -1.123 + 1.022 + 1.935 = $5.1 Mil. Revenue was 36.441 + 29.657 + 35.141 + 45.69 = $146.9 Mil. Gross Profit was 10.236 + 6.774 + 9.464 + 13.184 = $39.7 Mil. Average Total Assets from the begining of last year (Oct22) to the end of last year (Oct23) was (125.809 + 122.966 + 124.793 + 143.307 + 144.205) / 5 = $132.216 Mil. Total Assets at the begining of last year (Oct22) was $125.8 Mil. Long-Term Debt & Capital Lease Obligation was $22.2 Mil. Total Current Assets was $94.7 Mil. Total Current Liabilities was $57.5 Mil. |
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Perma-Pipe International Holdings's current Net Income (TTM) was 15.9.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Perma-Pipe International Holdings's current Cash Flow from Operations (TTM) was 15.0.
==> Positive ==> Score 1.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Score 1 if it's higher, 0 if it's lower.
ROA (This Year) | = | Net Income | / | Total Assets (Oct23) |
= | 15.86 | / | 144.205 | |
= | 0.10998232 |
ROA (Last Year) | = | Net Income | / | Total Assets (Oct22) |
= | 5.068 | / | 125.809 | |
= | 0.04028329 |
Perma-Pipe International Holdings's return on assets of this year was 0.10998232. Perma-Pipe International Holdings's return on assets of last year was 0.04028329.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Score 1 if CFROA > ROA, 0 if CFROA <= ROA.
Perma-Pipe International Holdings's current Net Income (TTM) was 15.9. Perma-Pipe International Holdings's current Cash Flow from Operations (TTM) was 15.0.
==> 15.0 <= 15.9 ==> CFROA <= ROA ==> Score 0.
Funding
Question 5. Change in Gearing or Leverage
Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.
Score 0 if this year's gearing is higher, 1 otherwise.
Gearing (This Year: Oct24) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Oct23 to Oct24 |
= | 22.595 | / | 155.403 | |
= | 0.14539616 |
Gearing (Last Year: Oct23) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Oct22 to Oct23 |
= | 22.168 | / | 132.216 | |
= | 0.16766503 |
Perma-Pipe International Holdings's gearing of this year was 0.14539616. Perma-Pipe International Holdings's gearing of last year was 0.16766503.
==> This year is lower or equal to last year. ==> Score 1.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Current Ratio (This Year: Oct24) | = | Total Current Assets | / | Total Current Liabilities |
= | 104.405 | / | 53.794 | |
= | 1.94082983 |
Current Ratio (Last Year: Oct23) | = | Total Current Assets | / | Total Current Liabilities |
= | 94.653 | / | 57.538 | |
= | 1.64505197 |
Perma-Pipe International Holdings's current ratio of this year was 1.94082983. Perma-Pipe International Holdings's current ratio of last year was 1.64505197.
==> This year's current ratio is higher. ==> Score 1.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Perma-Pipe International Holdings's number of shares in issue this year was 8.027. Perma-Pipe International Holdings's number of shares in issue last year was 8.021.
==> There is larger number of shares in issue this year. ==> Score 0.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Gross Margin (This Year: TTM) | = | Gross Profit | / | Revenue |
= | 50.111 | / | 153.576 | |
= | 0.32629447 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 39.658 | / | 146.929 | |
= | 0.26991268 |
Perma-Pipe International Holdings's gross margin of this year was 0.32629447. Perma-Pipe International Holdings's gross margin of last year was 0.26991268.
==> This year's gross margin is higher. ==> Score 1.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Asset Turnover (This Year) | = | Revenue | / | Total Assets at the Beginning of This Year (Oct23) |
= | 153.576 | / | 144.205 | |
= | 1.06498388 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Oct22) |
= | 146.929 | / | 125.809 | |
= | 1.16787352 |
Perma-Pipe International Holdings's asset turnover of this year was 1.06498388. Perma-Pipe International Holdings's asset turnover of last year was 1.16787352.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score | = | Que. 1 | + | Que. 2 | + | Que. 3 | + | Que. 4 | + | Que. 5 | + | Que. 6 | + | Que. 7 | + | Que. 8 | + | Que. 9 |
= | 1 | + | 1 | + | 1 | + | 0 | + | 1 | + | 1 | + | 0 | + | 1 | + | 0 | |
= | 6 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Perma-Pipe International Holdings has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Perma-Pipe International Holdings (NAS:PPIH) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Thank you for viewing the detailed overview of Perma-Pipe International Holdings's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Jerome T. Walker | director | 10205 WESTHEIMER, SUITE 1000, HOUSTON TX 77042 |
David B Brown | director | 9870 PLANO ROAD, DALLAS TX 75238 |
Cynthia Boiter | director | 6410 W. HOWARD STREET, NILES IL 60714 |
Robert Joseph Mcnally | director | 625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222 |
Matthew Earl Lewicki | officer: Chief Accounting Officer | 20719 KINGS CROWN CT, HUMBLE TX 77346 |
David S Barrie | director | 2409 BOXWOOD LANE, FERNANDINA BEACH FL 32034 |
Grant Dewbre | officer: Chief Operating Officer | 6410 WEST HOWARD STREET, NILES IL 60714 |
D Bryan Norwood | officer: Vice President, CFO | 6410 W HOWARD STREET, NILES IL 60714 |
Mark A Zorko | director | 9265 FAWN LAKE DR, RALEIGH NC 27617 |
Karl J Schmidt | officer: CFO and VP | 6410 W. HOWARD STREET, NILES IL 60714-3491 |
Wayne Bosch | officer: VP of HR | 41 PORTSHIRE DRIVE, LINCOLNSHIRE IL 60069 |
David J Mansfield | officer: President and CEO | 119 WIND RIDGE CIRCLE, THE WOODLANDS TX 77381 |
Gerald P Oconnor | officer: Interim CFO,Principal Accntng | P O BOX 3014, NAPERVILLE IL 60566-7014 |
Michael J Gade | director | 5501 HEADQUARTERS DRIVE, PLANO TX 75024 |
John Mark Foster | officer: Subsidiary President | 7720 N. LEHIGH AVENUE, NILES IL 60714 |
From GuruFocus
By Business Wire • 09-15-2023
By Business Wire Business Wire • 03-27-2023
By Business Wire • 01-10-2025
By Business Wire • 09-11-2024
By Business Wire • 07-15-2024
By Business Wire • 12-23-2024
By Business Wire • 09-06-2023
By Business Wire Business Wire • 03-24-2023
By Business Wire Business Wire • 01-06-2023
By Business Wire • 08-23-2024
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.