Critical Review: Northwest Pipe (NWPX) and Its Peers
Northwest Pipe (NASDAQ: NWPX) is one of 28 public companies in the “Steel” industry, but how does it contrast to its competitors? We will compare Northwest Pipe to related companies based on the strength of its profitability, institutional ownership, dividends, analyst recommendations, valuation, earnings and risk.
This is a summary of current ratings and price targets for Northwest Pipe and its competitors, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Northwest Pipe Competitors||289||835||945||29||2.34|
Valuation & Earnings
This table compares Northwest Pipe and its competitors revenue, earnings per share (EPS) and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Northwest Pipe||$138.62 million||-$4.17 million||333.50|
|Northwest Pipe Competitors||$7.78 billion||$1.01 billion||35.47|
Northwest Pipe’s competitors have higher revenue and earnings than Northwest Pipe. Northwest Pipe is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
Risk & Volatility
Northwest Pipe has a beta of 1.3, meaning that its stock price is 30% more volatile than the S&P 500. Comparatively, Northwest Pipe’s competitors have a beta of 1.37, meaning that their average stock price is 37% more volatile than the S&P 500.
This table compares Northwest Pipe and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Northwest Pipe Competitors||-1,550.91%||3.59%||2.20%|
Insider and Institutional Ownership
83.4% of Northwest Pipe shares are owned by institutional investors. Comparatively, 52.1% of shares of all “Steel” companies are owned by institutional investors. 2.0% of Northwest Pipe shares are owned by company insiders. Comparatively, 12.1% of shares of all “Steel” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
Northwest Pipe competitors beat Northwest Pipe on 10 of the 12 factors compared.
About Northwest Pipe
Northwest Pipe Company is a manufacturer of engineered steel pipe water systems. The Company operates through two segments. The Water Transmission segment produces steel pipeline systems for use in drinking water infrastructure, and has approximately eight manufacturing facilities, located in Portland, Oregon; Denver, Colorado; Adelanto, California; Parkersburg, West Virginia; Saginaw, Texas; St. Louis, Missouri; Salt Lake City, Utah, and Monterrey, Mexico. The Tubular Products segment produces steel line pipe products for energy applications, and has a manufacturing facility located in Atchison, Kansas. The Company, through Water Transmission Group, produces engineered welded steel pipe products for use in water transmission applications. It also manufactures smaller diameter electric resistance welded (ERW) steel pipe through its Tubular Products Group. The Company’s solutions-based products are used in water transmission, plant piping, tunnels and river crossings applications.
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