NWPX Infrastructure, Inc. (NWPX) stock analysis

P/E above its 5-year median

NWPX Infrastructure's P/E of 16.7 is above its own 5-year median of 15.9.

P/E below the industry

NWPX Infrastructure's P/E of 16.7 is below the Steel Works, Blast Furnaces, and Rolling and Finishing Mills median of 17.5.

EV/EBITDA above its 5-year median

NWPX Infrastructure's EV/EBITDA of 12.4 is above its 5-year median of 10.9.

P/B above the industry

NWPX Infrastructure's price-to-book of 2.01 is above the Steel Works, Blast Furnaces, and Rolling and Finishing Mills median of 1.72.

Trading above fair value

The share price of $91.29 is above our fair value estimate of $78.31.

Margin of safety under 20%

The price is 16.6% above fair value, so there is no margin of safety.

Revenue growing under 10% a year

Revenue grew 4.7% a year over the last three fiscal years, short of the 10% we look for.

EPS growing under 10% a year

Diluted EPS grew 4.6% a year over the last three fiscal years.

Earnings growth accelerating

Net income grew 46.0% over the last twelve months, against a 5-year average of 13.2% a year.

Growing faster than the industry

Revenue grew 15.9% over the last twelve months; the Steel Works, Blast Furnaces, and Rolling and Finishing Mills median is 9.8%.

Company guidance

No outlook found in earnings releases from the last twelve months.

Gross margin improving

Gross margin was 20.9% over the last twelve months, against 19.1% a year earlier.

Return on equity under 15%

Return on equity was 13.0% over the last twelve months and averaged 7.9% over five years; we look for 15% on both.

Return on capital over 10%

Return on invested capital was 13.2%, above the 10% that usually covers the cost of capital.

Return on equity above the industry

NWPX Infrastructure's return on equity of 13.0% is above the Steel Works, Blast Furnaces, and Rolling and Finishing Mills median of 3.6%.

Earnings grew over 5 years

Net income grew 13.2% a year on average over the last five fiscal years.

Net margin above its 5-year average

Net margin was 8.9% over the last twelve months, against a 5-year average of 5.7%.

Net margin above the industry

NWPX Infrastructure's net margin of 8.9% is above the Steel Works, Blast Furnaces, and Rolling and Finishing Mills median of 4.0%.

Low debt

Debt is 2.1% of shareholders' equity, under the 40% we consider low.

Debt falling against equity

Debt to equity fell from 5.0% five years ago to 2.1%.

Debt covered by cash flow

Operating cash flow over the last twelve months equals 1156% of total debt.

Interest well covered

Operating income covers interest expense 48.6 times.

Short-term assets cover short-term debts

Current assets are 2.56 times current liabilities.

Low bankruptcy risk

The Altman Z-score is 4.25; above 3 is the safe zone and below 1.8 the distress zone.

No dividend

NWPX Infrastructure has not paid a dividend in the last twelve months.

Yield against Treasuries

No dividend.

Yield against the market

No dividend.

Dividend stability

No dividend.

Earnings cover

No dividend.

Cash-flow cover

No dividend.