NORTHWEST PIPE CO (NWPX) Stock Fundamental Analysis
NASDAQ:NWPX - Nasdaq - US6677461013 - Common Stock - Currency: USD
We assign a fundamental rating of 6 out of 10 to NWPX. NWPX was compared to 51 industry peers in the Construction & Engineering industry. While NWPX has a great health rating, its profitability is only average at the moment. NWPX scores decently on growth, while it is valued quite cheap. This could make an interesting combination. 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.
In the past 5 years NWPX has always been profitable.
Of the past 5 years NWPX 4 years had a positive operating cash flow.
1.2 Ratios
NWPX has a Return On Assets of 5.80%. This is in the better half of the industry: NWPX outperforms 72.55% of its industry peers.
NWPX has a Return On Equity of 9.15%. This is in the better half of the industry: NWPX outperforms 60.78% of its industry peers.
The Return On Invested Capital of NWPX (7.16%) is better than 64.71% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NWPX is significantly below the industry average of 12.16%.
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 78.43% of its industry peers.
NWPX's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 9.79%, NWPX is in the better half of the industry, outperforming 76.47% of the companies in the same industry.
NWPX's Operating Margin has been stable in the last couple of years.
With a decent Gross Margin value of 19.37%, NWPX is doing good in the industry, outperforming 60.78% of the companies in the same 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
NWPX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for NWPX has been reduced compared to 1 year ago.
NWPX has more shares outstanding than it did 5 years ago.
NWPX has a better debt/assets ratio than last year.
2.2 Solvency
NWPX has an Altman-Z score of 3.22. This indicates that NWPX is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 3.22, NWPX is doing good in the industry, outperforming 66.67% of the companies in the same industry.
The Debt to FCF ratio of NWPX is 1.19, which is an excellent value as it means it would take NWPX, only 1.19 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 1.19, NWPX belongs to the best of the industry, outperforming 80.39% of the companies in the same industry.
NWPX has a Debt/Equity ratio of 0.10. This is a healthy value indicating a solid balance between debt and equity.
NWPX has a better Debt to Equity ratio (0.10) than 84.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 1.19 | ||
| Altman-Z | 3.22 |
ROIC/WACC0.76
WACC9.36%
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.
Looking at the Current ratio, with a value of 3.49, NWPX belongs to the top of the industry, outperforming 98.04% of the companies in the same industry.
A Quick Ratio of 2.43 indicates that NWPX has no problem at all paying its short term obligations.
NWPX has a better Quick ratio (2.43) than 96.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.49 | ||
| Quick Ratio | 2.43 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 62.68% over the past year.
NWPX shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.87% yearly.
Looking at the last year, NWPX shows a quite strong growth in Revenue. The Revenue has grown by 10.84% in the last year.
NWPX shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.01% yearly.
EPS 1Y (TTM)62.68%
EPS 3Y27.51%
EPS 5Y4.87%
EPS Q2Q%85.19%
Revenue 1Y (TTM)10.84%
Revenue growth 3Y13.9%
Revenue growth 5Y12.01%
Sales Q2Q%8.59%
3.2 Future
NWPX is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.09% yearly.
The Revenue is expected to grow by 1.60% on average over the next years.
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
Based on the Price/Earnings ratio of 11.80, the valuation of NWPX can be described as reasonable.
Based on the Price/Earnings ratio, NWPX is valued cheaper than 92.16% of the companies in the same industry.
NWPX is valuated cheaply when we compare the Price/Earnings ratio to 28.29, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 11.55 indicates a reasonable valuation of NWPX.
Based on the Price/Forward Earnings ratio, NWPX is valued cheaply inside the industry as 92.16% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 21.32. NWPX is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.8 | ||
| Fwd PE | 11.55 |
4.2 Price Multiples
NWPX's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. NWPX is cheaper than 98.04% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, NWPX is valued cheaper than 80.39% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.65 | ||
| EV/EBITDA | 6.65 |
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.
NWPX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)5.41
PEG (5Y)2.42
EPS Next 2Y5.88%
EPS Next 3Y-0.44%
5. Dividend
5.1 Amount
NWPX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NASDAQ:NWPX (4/21/2025, 1:04:22 PM)
40.13
-1.29 (-3.11%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners84.51%
Inst Owner Change0.5%
Ins Owners2.81%
Ins Owner Change-3.88%
Market Cap398.89M
Analysts80
Price Target58.14 (44.88%)
Short Float %1.44%
Short Ratio1.66
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)1.18%
PT rev (3m)4.27%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.34%
EPS NY rev (1m)-2.29%
EPS NY rev (3m)-2.39%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.71%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.8 | ||
| Fwd PE | 11.55 | ||
| P/S | 0.81 | ||
| P/FCF | 11.65 | ||
| P/OCF | 7.25 | ||
| P/B | 1.07 | ||
| P/tB | 1.37 | ||
| EV/EBITDA | 6.65 |
EPS(TTM)3.4
EY8.47%
EPS(NY)3.47
Fwd EY8.66%
FCF(TTM)3.45
FCFY8.59%
OCF(TTM)5.54
OCFY13.8%
SpS49.55
BVpS37.63
TBVpS29.32
PEG (NY)5.41
PEG (5Y)2.42
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 | 3.22 |
F-Score9
WACC9.36%
ROIC/WACC0.76
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)62.68%
EPS 3Y27.51%
EPS 5Y4.87%
EPS Q2Q%85.19%
EPS Next Y2.18%
EPS Next 2Y5.88%
EPS Next 3Y-0.44%
EPS Next 5Y-2.09%
Revenue 1Y (TTM)10.84%
Revenue growth 3Y13.9%
Revenue growth 5Y12.01%
Sales Q2Q%8.59%
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%