Added to YB: 2025-10-16
Pitch date: 2025-10-14
PPIH [neutral]
Perma-Pipe International Holdings, Inc.
+25.54%
current return
Author Info
The Value Road is a deep value investor that's interested in post bankruptcy, NAV, and undervalued micro and nano-cap stocks. I only invest in companies that have layers of value behind them, usually with little or no debt. Sign up for their newsletter.
Company Info
Perma-Pipe International Holdings, Inc., together with its subsidiaries, designs, engineers, manufactures, and sells specialty piping and leak detection systems in the United States, Canada, the Middle East, North Africa, Europe, India, and internationally.
Market Cap
$196.2M
Pitch Price
$25.96
Price Target
36.00 (+10%)
Dividend
N/A
EV/EBITDA
7.93
P/E
19.38
EV/Sales
1.30
Sector
Machinery
Category
special_situation
The 41% Signal: How Strategic Reviews Hint at Hidden Takeovers - Perma-Pipe International Holdings, Inc.
PPIH (strategic review): Board exploring strategic alternatives after Q2 results. $180M mkt cap, 7.8x EV/EBITDA, 14x P/E. Options include divestiture of regional ops, spin-off non-core units, or full sale to infrastructure/energy buyer. Sale at 9-10x EBITDA could drive 25-40% upside vs current discount to book.
Read full article (1 min)