Caesarstone Ltd. (CSTE) vs Perma-Pipe International Holdings, Inc. (PPIH)

Caesarstone Ltd. and Perma-Pipe International Holdings, Inc. are both Building Products & Equipment companies. Perma-Pipe International Holdings, Inc. is the larger, with a market value of $256.0M against $103.7M — 2.5× the size. Caesarstone Ltd. has negative trailing earnings, so its P/E is not meaningful; Perma-Pipe International Holdings, Inc. trades at 16.5×. Perma-Pipe International Holdings, Inc. grew revenue faster over the last twelve months: 24.8% against −6.00%. Perma-Pipe International Holdings, Inc. has the higher net margin (6.89% vs −37.4%) and the higher return on invested capital (18.0% vs −158.1%). Across the 19 metrics below, Perma-Pipe International Holdings, Inc. leads on 15 and Caesarstone Ltd. on 4.

Valuation

Metric CSTE PPIH Building Products & Equipment median
P/E n/m 16.53 24.54
P/S 0.27 1.15 2.00
P/B 1.00 2.77 3.02
Price to free cash flow n/m 18.90 18.49
EV/EBITDA n/m 7.77 12.63
EV/Sales 0.13 1.15 2.14
Earnings yield (140.48%) 6.05% 2.74%
Free cash flow yield (18.56%) 5.29% 3.58%

Profitability

Metric CSTE PPIH Building Products & Equipment median
Gross margin 19.70% 31.13% 29.19%
Operating margin (33.51%) 12.06% 6.84%
Net margin (37.40%) 6.89% 4.05%
Free cash flow margin (4.94%) 6.07% 8.72%
Return on equity (81.88%) 17.94% 9.28%
Return on assets (32.38%) 7.39% 2.88%
Return on invested capital (158.08%) 17.97% 5.16%

Growth

Metric CSTE PPIH Building Products & Equipment median
Revenue growth (TTM) (6.00%) 24.78% 3.11%
EPS growth (last fiscal year) (252.21%) 86.61% —
Revenue growth, 5-year CAGR (3.97%) 8.77% 5.37%
Net income growth, 5-year CAGR 0.00% 22.95% 0.00%

Health

Metric CSTE PPIH Building Products & Equipment median
Debt to equity 0.00 0.39 0.43
Current ratio 1.59 2.19 1.82
Net debt to EBITDA 0.54 0.05 0.98

Dividend

Metric CSTE PPIH Building Products & Equipment median
Dividend yield 5.77% — 1.20%
Payout ratio 0.95 0.00 0.04

Size

Metric CSTE PPIH Building Products & Equipment median
Market cap 103.73m 256.02m 1.18b

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