NORTHWEST PIPE CO (NWPX) Stock Fundamental Analysis
NASDAQ:NWPX - Nasdaq - US6677461013 - Common Stock - Currency: USD
NWPX gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 50 industry peers in the Construction & Engineering industry. NWPX is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. A decent growth rate in combination with a cheap valuation! Better keep an eye on NWPX. These ratings would make NWPX suitable for value investing!
1. Profitability
1.1 Basic Checks
In the past year NWPX was profitable.
In the past year NWPX had a positive cash flow from operations.
Each year in the past 5 years NWPX has been profitable.
Of the past 5 years NWPX 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.80%, NWPX is in the better half of the industry, outperforming 72.00% of the companies in the same industry.
The Return On Equity of NWPX (9.15%) is comparable to the rest of the industry.
NWPX has a Return On Invested Capital of 7.16%. This is in the better half of the industry: NWPX outperforms 64.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NWPX is significantly below the industry average of 12.17%.
The 3 year average ROIC (6.35%) for NWPX is below the current ROIC(7.16%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.8% | ||
| ROE | 9.15% | ||
| ROIC | 7.16% |
ROA(3y)4.83%
ROA(5y)4.34%
ROE(3y)8.37%
ROE(5y)7.25%
ROIC(3y)6.35%
ROIC(5y)5.74%
1.3 Margins
NWPX has a Profit Margin of 6.94%. This is in the better half of the industry: NWPX outperforms 78.00% of its industry peers.
In the last couple of years the Profit Margin of NWPX has declined.
The Operating Margin of NWPX (9.79%) is better than 76.00% of its industry peers.
NWPX's Operating Margin has been stable in the last couple of years.
NWPX has a Gross Margin (19.37%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of NWPX has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.79% | ||
| PM (TTM) | 6.94% | ||
| GM | 19.37% |
OM growth 3Y18.94%
OM growth 5Y-0.95%
PM growth 3Y26.26%
PM growth 5Y-7.01%
GM growth 3Y13.38%
GM growth 5Y2.77%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NWPX is destroying value.
The number of shares outstanding for NWPX has been reduced compared to 1 year ago.
Compared to 5 years ago, NWPX has more shares outstanding
NWPX has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.13 indicates that NWPX is not in any danger for bankruptcy at the moment.
The Altman-Z score of NWPX (3.13) is better than 64.00% of its industry peers.
NWPX has a debt to FCF ratio of 1.19. This is a very positive value and a sign of high solvency as it would only need 1.19 years to pay back of all of its debts.
NWPX has a better Debt to FCF ratio (1.19) than 80.00% of its industry peers.
A Debt/Equity ratio of 0.10 indicates that NWPX is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.10, NWPX belongs to the top of the industry, outperforming 86.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 1.19 | ||
| Altman-Z | 3.13 |
ROIC/WACC0.73
WACC9.76%
2.3 Liquidity
NWPX has a Current Ratio of 3.49. This indicates that NWPX is financially healthy and has no problem in meeting its short term obligations.
NWPX has a Current ratio of 3.49. This is amongst the best in the industry. NWPX outperforms 98.00% of its industry peers.
NWPX has a Quick Ratio of 2.43. This indicates that NWPX is financially healthy and has no problem in meeting its short term obligations.
NWPX has a better Quick ratio (2.43) than 96.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.49 | ||
| Quick Ratio | 2.43 |
3. Growth
3.1 Past
NWPX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 37.39%, which is quite impressive.
The Earnings Per Share has been growing slightly by 4.87% on average over the past years.
NWPX shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.85%.
Measured over the past years, NWPX shows a quite strong growth in Revenue. The Revenue has been growing by 12.01% on average per year.
EPS 1Y (TTM)37.39%
EPS 3Y27.51%
EPS 5Y4.87%
EPS Q2Q%-25%
Revenue 1Y (TTM)10.85%
Revenue growth 3Y13.9%
Revenue growth 5Y12.01%
Sales Q2Q%2.57%
3.2 Future
Based on estimates for the next years, NWPX will show a decrease in Earnings Per Share. The EPS will decrease by -2.09% on average per year.
NWPX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.60% yearly.
EPS Next Y2.18%
EPS Next 2Y5.88%
EPS Next 3Y-0.44%
EPS Next 5Y-2.09%
Revenue Next Year0.32%
Revenue Next 2Y2.38%
Revenue Next 3Y1.48%
Revenue Next 5Y1.6%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 11.76, the valuation of NWPX can be described as very reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of NWPX indicates a rather cheap valuation: NWPX is cheaper than 94.00% of the companies listed in the same industry.
NWPX is valuated cheaply when we compare the Price/Earnings ratio to 28.10, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 10.09 indicates a reasonable valuation of NWPX.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NWPX indicates a rather cheap valuation: NWPX is cheaper than 98.00% of the companies listed in the same industry.
NWPX is valuated cheaply when we compare the Price/Forward Earnings ratio to 20.74, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.76 | ||
| Fwd PE | 10.09 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NWPX indicates a rather cheap valuation: NWPX is cheaper than 98.00% of the companies listed in the same industry.
86.00% of the companies in the same industry are more expensive than NWPX, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.13 | ||
| EV/EBITDA | 6.21 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates NWPX does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of NWPX may justify a higher PE ratio.
PEG (NY)5.4
PEG (5Y)2.41
EPS Next 2Y5.88%
EPS Next 3Y-0.44%
5. Dividend
5.1 Amount
No dividends for NWPX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
38.47
-0.07 (-0.18%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners84.51%
Inst Owner Change-1.32%
Ins Owners2.81%
Ins Owner Change-3.88%
Market Cap381.24M
Analysts80
Price Target58.14 (51.13%)
Short Float %1.55%
Short Ratio1.9
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.32%
Min EPS beat(2)7.26%
Max EPS beat(2)15.38%
EPS beat(4)4
Avg EPS beat(4)26.78%
Min EPS beat(4)7.26%
Max EPS beat(4)51.43%
EPS beat(8)5
Avg EPS beat(8)6.74%
EPS beat(12)9
Avg EPS beat(12)14.34%
EPS beat(16)12
Avg EPS beat(16)15.92%
Revenue beat(2)1
Avg Revenue beat(2)-1.09%
Min Revenue beat(2)-2.54%
Max Revenue beat(2)0.36%
Revenue beat(4)3
Avg Revenue beat(4)3.03%
Min Revenue beat(4)-2.54%
Max Revenue beat(4)7.35%
Revenue beat(8)4
Avg Revenue beat(8)0.79%
Revenue beat(12)7
Avg Revenue beat(12)2.11%
Revenue beat(16)11
Avg Revenue beat(16)3.64%
PT rev (1m)0%
PT rev (3m)1.18%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.34%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.29%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.87%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.76 | ||
| Fwd PE | 10.09 | ||
| P/S | 0.77 | ||
| P/FCF | 11.13 | ||
| P/OCF | 6.93 | ||
| P/B | 1.02 | ||
| P/tB | 1.31 | ||
| EV/EBITDA | 6.21 |
EPS(TTM)3.27
EY8.5%
EPS(NY)3.81
Fwd EY9.91%
FCF(TTM)3.46
FCFY8.98%
OCF(TTM)5.56
OCFY14.44%
SpS49.7
BVpS37.74
TBVpS29.41
PEG (NY)5.4
PEG (5Y)2.41
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.8% | ||
| ROE | 9.15% | ||
| ROCE | 9.38% | ||
| ROIC | 7.16% | ||
| ROICexc | 7.23% | ||
| ROICexgc | 8.63% | ||
| OM | 9.79% | ||
| PM (TTM) | 6.94% | ||
| GM | 19.37% | ||
| FCFM | 6.95% |
ROA(3y)4.83%
ROA(5y)4.34%
ROE(3y)8.37%
ROE(5y)7.25%
ROIC(3y)6.35%
ROIC(5y)5.74%
ROICexc(3y)6.4%
ROICexc(5y)5.95%
ROICexgc(3y)7.73%
ROICexgc(5y)7.08%
ROCE(3y)8.31%
ROCE(5y)7.51%
ROICexcg growth 3Y31.17%
ROICexcg growth 5Y-1.43%
ROICexc growth 3Y32.87%
ROICexc growth 5Y-4.75%
OM growth 3Y18.94%
OM growth 5Y-0.95%
PM growth 3Y26.26%
PM growth 5Y-7.01%
GM growth 3Y13.38%
GM growth 5Y2.77%
F-Score9
Asset Turnover0.84
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 1.19 | ||
| Debt/EBITDA | 0.54 | ||
| Cap/Depr | 109.06% | ||
| Cap/Sales | 4.22% | ||
| Interest Coverage | 8.21 | ||
| Cash Conversion | 81.78% | ||
| Profit Quality | 100.13% | ||
| Current Ratio | 3.49 | ||
| Quick Ratio | 2.43 | ||
| Altman-Z | 3.13 |
F-Score9
WACC9.76%
ROIC/WACC0.73
Cap/Depr(3y)120.07%
Cap/Depr(5y)111.23%
Cap/Sales(3y)4.47%
Cap/Sales(5y)4.48%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)37.39%
EPS 3Y27.51%
EPS 5Y4.87%
EPS Q2Q%-25%
EPS Next Y2.18%
EPS Next 2Y5.88%
EPS Next 3Y-0.44%
EPS Next 5Y-2.09%
Revenue 1Y (TTM)10.85%
Revenue growth 3Y13.9%
Revenue growth 5Y12.01%
Sales Q2Q%2.57%
Revenue Next Year0.32%
Revenue Next 2Y2.38%
Revenue Next 3Y1.48%
Revenue Next 5Y1.6%
EBIT growth 1Y41.79%
EBIT growth 3Y35.48%
EBIT growth 5Y10.95%
EBIT Next Year50.22%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-2.59%
FCF growth 3YN/A
FCF growth 5Y-0.03%
OCF growth 1Y2.99%
OCF growth 3YN/A
OCF growth 5Y5.12%