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NORTHWEST PIPE CO (NWPX) Stock Fundamental Analysis

NASDAQ:NWPX - Nasdaq - US6677461013 - Common Stock - Currency: USD

41.8  +0.3 (+0.72%)

Fundamental Rating

6

Taking everything into account, NWPX scores 6 out of 10 in our fundamental rating. 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 has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

In the past year NWPX was profitable.
NWPX had a positive operating cash flow in the past year.
In the past 5 years NWPX has always been profitable.
NWPX had a positive operating cash flow in 4 of the past 5 years.
NWPX Yearly Net Income VS EBIT VS OCF VS FCFNWPX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M

1.2 Ratios

With a decent Return On Assets value of 5.80%, NWPX is doing good in the industry, outperforming 72.55% of the companies in the same industry.
The Return On Equity of NWPX (9.15%) is better than 60.78% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.16%, NWPX is in the better half of the industry, outperforming 64.71% of the companies in the same industry.
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 RankSector 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%
NWPX Yearly ROA, ROE, ROICNWPX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 -10

1.3 Margins

The Profit Margin of NWPX (6.94%) is better than 78.43% of its industry peers.
NWPX's Profit Margin has declined in the last couple of years.
NWPX has a Operating Margin of 9.79%. This is in the better half of the industry: NWPX outperforms 76.47% of its industry peers.
NWPX's Operating Margin has been stable in the last couple of years.
NWPX's Gross Margin of 19.37% is fine compared to the rest of the industry. NWPX outperforms 60.78% of its industry peers.
NWPX's Gross Margin has improved in the last couple of years.
Industry RankSector 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%
NWPX Yearly Profit, Operating, Gross MarginsNWPX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10

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9

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.
Compared to 1 year ago, NWPX has less shares outstanding
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.
NWPX Yearly Shares OutstandingNWPX Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M
NWPX Yearly Total Debt VS Total AssetsNWPX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

An Altman-Z score of 3.22 indicates that NWPX is not in any danger for bankruptcy at the moment.
The Altman-Z score of NWPX (3.22) is better than 66.67% 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.
The Debt to FCF ratio of NWPX (1.19) is better than 80.39% of its industry peers.
NWPX has a Debt/Equity ratio of 0.10. This is a healthy value indicating a solid balance between debt and equity.
NWPX's Debt to Equity ratio of 0.10 is amongst the best of the industry. NWPX outperforms 84.31% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF 1.19
Altman-Z 3.22
ROIC/WACC0.76
WACC9.41%
NWPX Yearly LT Debt VS Equity VS FCFNWPX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

2.3 Liquidity

A Current Ratio of 3.49 indicates that NWPX has no problem at all paying its short term obligations.
The Current ratio of NWPX (3.49) is better than 98.04% of its industry peers.
A Quick Ratio of 2.43 indicates that NWPX has no problem at all paying its short term obligations.
NWPX's Quick ratio of 2.43 is amongst the best of the industry. NWPX outperforms 96.08% of its industry peers.
Industry RankSector Rank
Current Ratio 3.49
Quick Ratio 2.43
NWPX Yearly Current Assets VS Current LiabilitesNWPX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

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4

3. Growth

3.1 Past

NWPX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 62.68%, which is quite impressive.
NWPX shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.87% yearly.
NWPX shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.84%.
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.
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.
NWPX Yearly Revenue VS EstimatesNWPX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 100M 200M 300M 400M 500M
NWPX Yearly EPS VS EstimatesNWPX Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 2 -2

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6

4. Valuation

4.1 Price/Earnings Ratio

NWPX is valuated correctly with a Price/Earnings ratio of 12.29.
NWPX's Price/Earnings ratio is rather cheap when compared to the industry. NWPX is cheaper than 92.16% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.64. NWPX is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 12.03 indicates a correct 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.
NWPX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.44, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 12.29
Fwd PE 12.03
NWPX Price Earnings VS Forward Price EarningsNWPX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, NWPX is valued cheaper than 98.04% of the companies in the same industry.
NWPX's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. NWPX is cheaper than 78.43% of the companies in the same industry.
Industry RankSector Rank
P/FCF 12.13
EV/EBITDA 6.66
NWPX Per share dataNWPX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of NWPX may justify a higher PE ratio.
PEG (NY)5.64
PEG (5Y)2.52
EPS Next 2Y5.88%
EPS Next 3Y-0.44%

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0

5. Dividend

5.1 Amount

No dividends for NWPX!.
Industry RankSector Rank
Dividend Yield N/A

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NORTHWEST PIPE CO

NASDAQ:NWPX (4/24/2025, 11:55:32 AM)

41.8

+0.3 (+0.72%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)02-26 2025-02-26/amc
Earnings (Next)04-30 2025-04-30/amc
Inst Owners84.51%
Inst Owner Change0.5%
Ins Owners2.81%
Ins Owner Change-3.88%
Market Cap415.49M
Analysts80
Price Target58.14 (39.09%)
Short Float %1.44%
Short Ratio1.66
Dividend
Industry RankSector 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 RankSector Rank
PE 12.29
Fwd PE 12.03
P/S 0.84
P/FCF 12.13
P/OCF 7.55
P/B 1.11
P/tB 1.43
EV/EBITDA 6.66
EPS(TTM)3.4
EY8.13%
EPS(NY)3.47
Fwd EY8.31%
FCF(TTM)3.45
FCFY8.24%
OCF(TTM)5.54
OCFY13.25%
SpS49.55
BVpS37.63
TBVpS29.32
PEG (NY)5.64
PEG (5Y)2.52
Profitability
Industry RankSector 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 RankSector 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
WACC9.41%
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%