Steel Pipe & Tubes
Northwest Pipe Company, together with its subsidiaries, engages in the manufacture and supply of water related infrastructure products in North America. It operates in two segments, Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment offers large-diameter and high-pressure engineered steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems. Its products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications. In addition, this segment makes products for industrial plant piping systems and certain structural applications. The Precast segment provides precast and reinforced concrete products, including manholes, box culverts, vaults, catch basins, pump lift stations, oil water separators, biofiltration, steel casing pipes, and bar-wrapped concrete cylinder pipes, as well as pipeline system joints, fittings, specialized components, and other environmental and engineered solutions. The company sells its water infrastructure products under ParkUSA, Geneva Pipe and Precast, Permalok®, and Northwest Pipe Company brands primarily to installation contractors. Northwest Pipe Company was incorporated in 1966 and is headquartered in Vancouver, Washington.
Sector
In the chart Earnings are multiplied by this value.
High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.
Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
---|---|---|---|---|---|---|---|---|---|---|
Net Margin | -12% | -5.9% | -7.7% | 12% | 10% | 6.7% | 3.5% | 6.8% | 4.7% | 5.2% |
ROA | -15% | -5.6% | -3.9% | 6.5% | 11% | 7.1% | 2.9% | 7.5% | 5.7% | 6.1% |
ROE | -14% | -4.4% | -5.1% | 9.3% | 11% | 7.1% | 4.1% | 9.8% | 6.2% | 7% |
The average Net Margin over the past 5 years is +7.24%.
The trend of Net Margin over the past 5 years is -1.37%.
The average ROA over the past 5 years is +6.73%.
The trend of ROA over the past 5 years is -0.52%.
The average ROE over the past 5 years is +7.94%.
The trend of ROE over the past 5 years is -0.65%.
Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.
Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
---|---|---|---|---|---|---|---|---|---|---|
Debt FCF | - | - | - | - | 0.00 | 0.32 | 0.00 | -2.03 | 0.31 | -0.62 |
Debt Equity | - | - | - | - | 0.00 | 0.05 | 0.00 | 0.03 | 0.03 | 0.03 |
MIN | ||||||||||
Graham Stability | - | - | - | - | 100% | 100% | 51% | 100% | 100% | 51% |
The Debt/FCF trailing twelve month is -0.62.
The trend of Debt/FCF over the past 5 years is -0.17.
Graham’s Stability measure stands at 0.51.
Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.
Years | 12-2016 | 12-2018 | 12-2020 | 12-2022 | Trend |
---|---|---|---|---|---|
Revenue | 16% | 21% | 16% | -2.9% | 6.7% |
Net Income | - | 0.74% | 3.4% | -32% | 6.3% |
Stockholders Equity | 7.2% | 9.3% | 8.1% | 6.9% | 2.3% |
FCF | - | - | -5.8% | - | -20% |
The Revenue CAGR over the past 5 years is +20.88%.
The trend of Revenue growth rate over the past 5 years is +6.72%.
The Earnings CAGR over the past 5 years is +0.74%.
The trend of Earnings growth rate over the past 5 years is +6.26%.
The Equity CAGR over the past 5 years is +9.26%.
The trend of Equity growth rate over the past 5 years is +2.34%.
The FCF CAGR over the past 5 years is -.
The trend of FCF growth rate over the past 5 years is -20.46%.