Perma-Pipe International Holdings Inc (PPIH)
NASDAQIndustrialsIndustrial - MachinerySnapshot 2026-11-05
$27.21-7.61%
Close 2026-11-05 · 1-day change
NASDAQIndustrialsIndustrial - MachinerySnapshot 2026-11-05
QuarterlyIQ Insights · PPIH
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -33.0% |
| Our one-year growth estimate | diamond |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-11-05.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| 10.9% |
Growth built into the price is above our model estimate.
The price assumes 43.9 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-05 · Compared with 47 industry peers
PPIH — credit agreement
Dated 2026-08-27
Entry into a Material Definitive Agreement. On August 25, 2026, Perma-Pipe International Holdings, Inc. (the “Company”), as borrower, certain subsidiaries of the Company party thereto as loan parties, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, entered into a Credit Agreement (the “2026 Credit Agreement”). The 2026 Credit Agreement replaces the Company’s existing Credit Agreement dated April 8, 2026 with JP Morgan Chase Bank, N.A., as lender (the “Existin…
Why it matters: The Ohio plant is running, but start-up costs and material costs weighed on Q2 margins. Lower costs could help protect profit as sales grow.
Supportive ifQ3 gross margin rises above 29.2%, and Ohio start-up costs fall below Q2's $0.5 million.
Worry ifQ3 gross margin falls below 29.2%, or Ohio start-up costs rise above $0.5 million.
Why it matters: The new credit deal gives PPIH more borrowing room, but total debt was already $36.1 million. Higher debt could raise interest costs and pressure cash.
Worry ifThe next report shows total debt above $36.1 million and higher net interest expense than Q2's $0.5 million.
Less concerning ifThe next report shows total debt at or below $36.1 million and net interest expense at or below $0.5 million.
Why it matters: Q2 sales rose 24.4%, but the sector is facing a headwind. Another strong quarter would show demand is holding up.
Supportive ifIn results due December 11, Q3 sales grow more than 20% year over year.
Worry ifQ3 sales grow less than 7.5% year over year, below Q1's reported growth.
Why it matters: Backlog grew after more than $67 million in Q2 awards. A high balance would support future work, while a sharp drop could signal slower orders or project delays.
Watch forBacklog at the next report stays above $142.3 million, the July 31 balance.
Also watch forBacklog at the next report falls below $121.6 million, the January 31 balance.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$145 on $10,000 · ±1.5% | How much price usually moves either way. |
| Bad day | $467 loss on $10,000 · 4.7% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $3,417 loss on $10,000 · 34.2% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.