Northwest Pipe Company
Find Ratings ReportsNORTHWEST PIPE CO's gross profit margin for the fourth quarter of its fiscal year 2023 has decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased. NORTHWEST PIPE CO has weak liquidity. Currently, the Quick Ratio is 0.54 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 6.93% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 110.16 | 106.83 |
EBITDA ($mil) | 12.64 | 15.4 |
EBIT ($mil) | 8.63 | 10.99 |
Net Income ($mil) | 5.44 | 7.96 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 4.07 | 3.68 |
Total Assets ($mil) | 597.88 | 601.34 |
Total Debt ($mil) | 155.46 | 191.66 |
Equity ($mil) | 340.36 | 318.27 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 21.15 | 24.6 |
EBITDA Margin | 11.47 | 14.41 |
Operating Margin | 7.83 | 10.28 |
Sales Turnover | 0.74 | 0.76 |
Return on Assets | 3.52 | 5.17 |
Return on Equity | 6.19 | 9.79 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 2.83 | 3.07 |
Debt/Capital | 0.31 | 0.38 |
Interest Expense | 1.13 | 1.18 |
Interest Coverage | 7.61 | 9.35 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 10.01 | 9.93 |
Div / share | 0.0 | 0.0 |
EPS | 0.54 | 0.79 |
Book value / share | 33.99 | 32.06 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 47894.0 | 29346.0 |
BUY. The current P/E ratio indicates a premium compared to an average of 15.23 for the Primary Metal Manufacturing subsector and a significant discount compared to the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 0.97 indicates a significant discount versus the S&P 500 average of 4.68 and a discount versus the subsector average of 1.56. The current price-to-sales ratio is well below the S&P 500 average and is also below the subsector average, indicating a discount.
Price/Earnings |
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Price/Cash Flow |
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NWPX 15.84 | Peers 15.23 | NWPX 6.20 | Peers 9.34 | |||||||||||||||||||||
Average. An average P/E ratio can signify an subsector neutral price for a stock and an average growth expectation. NWPX is trading at a valuation on par with its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. NWPX is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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NWPX 11.73 | Peers 11.93 | NWPX 1.72 | Peers 0.43 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. NWPX is trading at a premium to its peers. |
Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. NWPX trades at a significant premium to its peers. |
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Price/Book |
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Earnings Growth |
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NWPX 0.97 | Peers 1.56 | NWPX -32.80 | Peers 0.85 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. NWPX is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, NWPX is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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NWPX 0.75 | Peers 0.92 | NWPX -2.91 | Peers -2.96 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. NWPX is trading at a discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. NWPX significantly trails its peers on the basis of sales growth. |
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