NORTHWEST PIPE CO (NWPX)
US6677461013 - Common Stock
NWPX gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 40 industry peers in the Construction & Engineering industry. NWPX has an excellent financial health rating, but there are some minor concerns on its profitability. NWPX has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year NWPX was profitable.
NWPX had a positive operating cash flow in the past year.
NWPX had positive earnings in each of the past 5 years.
NWPX had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.52%, NWPX is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
NWPX has a Return On Equity (6.18%) which is in line with its industry peers.
NWPX has a Return On Invested Capital (5.00%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NWPX is below the industry average of 8.46%.
The last Return On Invested Capital (5.00%) for NWPX is above the 3 year average (4.81%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.52% | ||
| ROE | 6.18% | ||
| ROIC | 5% |
ROA(3y)3.6%
ROA(5y)4.98%
ROE(3y)6.67%
ROE(5y)7.67%
ROIC(3y)4.81%
ROIC(5y)5.73%
1.3 Margins
NWPX has a better Profit Margin (4.74%) than 70.00% of its industry peers.
In the last couple of years the Profit Margin of NWPX has declined.
Looking at the Operating Margin, with a value of 7.66%, NWPX is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
In the last couple of years the Operating Margin of NWPX has declined.
With a Gross Margin value of 17.48%, NWPX perfoms like the industry average, outperforming 57.50% 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 | 7.66% | ||
| PM (TTM) | 4.74% | ||
| GM | 17.48% |
OM growth 3Y-8.15%
OM growth 5YN/A
PM growth 3Y-10.8%
PM growth 5Y-16.66%
GM growth 3Y-0.36%
GM growth 5Y19.97%
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 increased compared to 1 year ago.
NWPX has more shares outstanding than it did 5 years ago.
The debt/assets ratio for NWPX has been reduced compared to a year ago.
2.2 Solvency
NWPX has an Altman-Z score of 2.51. This is not the best score and indicates that NWPX is in the grey zone with still only limited risk for bankruptcy at the moment.
NWPX's Altman-Z score of 2.51 is in line compared to the rest of the industry. NWPX outperforms 50.00% of its industry peers.
The Debt to FCF ratio of NWPX is 1.86, which is an excellent value as it means it would take NWPX, only 1.86 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.86, NWPX belongs to the top of the industry, outperforming 82.50% of the companies in the same industry.
A Debt/Equity ratio of 0.16 indicates that NWPX is not too dependend on debt financing.
NWPX has a better Debt to Equity ratio (0.16) than 77.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 1.86 | ||
| Altman-Z | 2.51 |
ROIC/WACC0.53
WACC9.35%
2.3 Liquidity
A Current Ratio of 2.83 indicates that NWPX has no problem at all paying its short term obligations.
NWPX has a better Current ratio (2.83) than 95.00% of its industry peers.
NWPX has a Quick Ratio of 1.88. This is a normal value and indicates that NWPX is financially healthy and should not expect problems in meeting its short term obligations.
With an excellent Quick ratio value of 1.88, NWPX belongs to the best of the industry, outperforming 92.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.83 | ||
| Quick Ratio | 1.88 |
3. Growth
3.1 Past
NWPX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -37.80%.
The Earnings Per Share has been growing slightly by 0.00% on average over the past years.
NWPX shows a decrease in Revenue. In the last year, the revenue decreased by -2.89%.
Measured over the past years, NWPX shows a very strong growth in Revenue. The Revenue has been growing by 20.89% on average per year.
EPS 1Y (TTM)-37.8%
EPS 3Y-0.63%
EPS 5Y0%
EPS growth Q2Q-36.47%
Revenue 1Y (TTM)-2.89%
Revenue growth 3Y15.83%
Revenue growth 5Y20.89%
Revenue growth Q2Q3.15%
3.2 Future
Based on estimates for the next years, NWPX will show a small growth in Earnings Per Share. The EPS will grow by 7.05% on average per year.
NWPX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.92% yearly.
EPS Next Y12.95%
EPS Next 2Y16.77%
EPS Next 3Y9.77%
EPS Next 5Y7.05%
Revenue Next Year4.06%
Revenue Next 2Y4.22%
Revenue Next 3Y3.14%
Revenue Next 5Y2.92%
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 accelerating.
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
The Price/Earnings ratio is 15.22, which indicates a correct valuation of NWPX.
NWPX's Price/Earnings ratio is rather cheap when compared to the industry. NWPX is cheaper than 90.00% of the companies in the same industry.
NWPX is valuated rather cheaply when we compare the Price/Earnings ratio to 24.92, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 13.48, NWPX is valued correctly.
Based on the Price/Forward Earnings ratio, NWPX is valued cheaper than 90.00% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.49. NWPX is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.22 | ||
| Fwd PE | 13.48 |
4.2 Price Multiples
95.00% of the companies in the same industry are more expensive than NWPX, based on the Enterprise Value to EBITDA ratio.
NWPX's Price/Free Cash Flow ratio is rather cheap when compared to the industry. NWPX is cheaper than 85.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.95 | ||
| EV/EBITDA | 7.48 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.18
PEG (5Y)5891.05
EPS Next 2Y16.77%
EPS Next 3Y9.77%
5. Dividend
5.1 Amount
NWPX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NORTHWEST PIPE CO
NASDAQ:NWPX (4/26/2024, 7:07:25 PM)
After market: 31.81 0 (0%)31.81
+0.32 (+1.02%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap314.60M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.22 | ||
| Fwd PE | 13.48 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.18
PEG (5Y)5891.05
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.52% | ||
| ROE | 6.18% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 7.66% | ||
| PM (TTM) | 4.74% | ||
| GM | 17.48% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.74
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.83 | ||
| Quick Ratio | 1.88 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-37.8%
EPS 3Y-0.63%
EPS 5Y
EPS growth Q2Q
EPS Next Y12.95%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-2.89%
Revenue growth 3Y15.83%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y