TSX:BAD

Stock Analysis Report

Executive Summary

Badger Daylighting Ltd. provides non-destructive excavating and related services in Canada and the United States.

Snowflake

Fundamentals

Flawless balance sheet with high growth potential.


Similar Companies

Share Price & News

How has Badger Daylighting's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

5.3%

TSX:BAD

-0.09%

CA Construction

-0.6%

CA Market


1 Year Return

48.2%

TSX:BAD

-31.2%

CA Construction

-4.9%

CA Market

BAD outperformed the Construction industry which returned -30.9% over the past year.

BAD outperformed the Market in Canada which returned -4.8% over the past year.


Share holder returns

BADIndustryMarket
7 Day5.3%-0.09%-0.6%
30 Day-11.4%-13.5%-2.6%
90 Day-9.5%-12.3%-2.0%
1 Year50.5%48.2%-29.9%-31.2%-1.5%-4.9%
3 Year71.1%63.3%-15.6%-21.0%14.0%3.9%
5 Year54.4%43.2%-8.9%-19.5%12.3%-3.5%

Price Volatility Vs. Market

How volatile is Badger Daylighting's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Badger Daylighting undervalued based on future cash flows and its price relative to the stock market?

23.39x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Badger Daylighting's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Badger Daylighting's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Badger Daylighting is overvalued based on earnings compared to the CA Construction industry average.

Badger Daylighting is overvalued based on earnings compared to the Canada market.


Price Based on Expected Growth

Badger Daylighting is good value based on expected growth next year.


Price Based on Value of Assets

Badger Daylighting is overvalued based on assets compared to the CA Construction industry average.


Next Steps

Future Growth

How is Badger Daylighting expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

26.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Badger Daylighting's revenue is expected to grow by 11.3% yearly, however this is not considered high growth (20% yearly).

Badger Daylighting's earnings are expected to grow significantly at over 20% yearly.

Badger Daylighting's revenue growth is expected to exceed the Canada market average.

Badger Daylighting's earnings growth is expected to exceed the Canada market average.

Badger Daylighting's earnings growth is expected to exceed the low risk savings rate of 1.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Badger Daylighting is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has Badger Daylighting performed over the past 5 years?

11.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Badger Daylighting's year on year earnings growth rate has been positive over the past 5 years.

Badger Daylighting's 1-year earnings growth is less than its 5-year average (1.6% vs 11.7%)

Badger Daylighting's earnings growth has not exceeded the North America Construction industry average in the past year (1.6% vs 5.4%).


Return on Equity

Badger Daylighting has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Badger Daylighting used its assets more efficiently than the CA Construction industry average last year based on Return on Assets.


Return on Capital Employed

Badger Daylighting has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Badger Daylighting's financial position?


Financial Position Analysis

Badger Daylighting is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Badger Daylighting's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Badger Daylighting's level of debt (35.2%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (52.1% vs 35.2% today).

Debt is well covered by operating cash flow (116.4%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 18x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.8x debt.


Next Steps

Dividend

What is Badger Daylighting's current dividend yield, its reliability and sustainability?

1.32%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Badger Daylighting before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Badger Daylighting's pays a lower dividend yield than the bottom 25% of dividend payers in Canada (2%).

Badger Daylighting's dividend is below the markets top 25% of dividend payers in Canada (5.88%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.3x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (5.2x coverage).


Next Steps

Management

What is the CEO of Badger Daylighting's salary, the management and board of directors tenure and is there insider trading?

2.6yrs

Average management tenure


CEO

Paul Vanderberg (59yo)

3.0yrs

Tenure

CA$2,256,935

Compensation

Mr. Paul J. Vanderberg has been the Chief Executive Officer, President and Director at Badger Daylighting Ltd. since August 15, 2016. Mr. Vanderberg served as the President of Construction Products Distrib ...


CEO Compensation Analysis

Paul's remuneration is about average for companies of similar size in Canada.

Paul's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.6yrs

Average Tenure

The tenure for the Badger Daylighting management team is about average.


Board Age and Tenure

4.2yrs

Average Tenure

61yo

Average Age

The tenure for the Badger Daylighting board of directors is about average.


Insider Trading

More shares have been bought than sold by Badger Daylighting individual insiders in the past 3 months.


Recent Insider Transactions

BuyCA$42,81812 Aug 19
William Derwin
EntityIndividual
Shares1,000
Max PriceCA$42.82
BuyCA$29,44809 Aug 19
Timothy Reiber
EntityIndividual
Role
Head of Sales
Vice President of Sales & Marketing
Shares700
Max PriceCA$42.68
BuyCA$26,42022 May 19
Timothy Reiber
EntityIndividual
Role
Head of Sales
Vice President of Sales & Marketing
Shares550
Max PriceCA$48.04
BuyCA$10,70612 Apr 19
Tracey Wallace
EntityIndividual
Role
Head of Human Resources
Vice President of Human Resource
Shares249
Max PriceCA$43.00
SellCA$2,060,18619 Mar 19
Glen Roane
EntityIndividual
Role
Chairman of the Board
Chair of the Board
Shares50,400
Max PriceCA$40.90
SellCA$1,288,69418 Mar 19
Glen Roane
EntityIndividual
Role
Chairman of the Board
Chair of the Board
Shares35,000
Max PriceCA$40.65
BuyCA$961,94216 Jan 19
Glen Roane
EntityIndividual
Role
Chairman of the Board
Chair of the Board
Shares27,100
Max PriceCA$35.50
BuyCA$166,25610 Jan 19
Gerald Schiefelbein
EntityIndividual
Shares5,000
Max PriceCA$33.25
BuyCA$48,46104 Jan 19
Wade Wilson
EntityIndividual
Shares1,500
Max PriceCA$32.31
BuyCA$319,90004 Jan 19
Paul Vanderberg
EntityIndividual
Role
Chief Executive Officer
President
Shares10,000
Max PriceCA$31.99
BuyCA$325,10803 Jan 19
Gerald Schiefelbein
EntityIndividual
Shares10,000
Max PriceCA$32.51
BuyCA$116,15028 Dec 18
Gerald Schiefelbein
EntityIndividual
Shares5,000
Max PriceCA$23.23
BuyCA$151,65519 Dec 18
Glen Roane
EntityIndividual
Role
Chairman of the Board
Chair of the Board
Shares4,900
Max PriceCA$30.95
BuyCA$318,08518 Dec 18
Glen Roane
EntityIndividual
Role
Chairman of the Board
Chair of the Board
Shares10,100
Max PriceCA$31.50
BuyCA$99,22407 Dec 18
Tracey Wallace
EntityIndividual
Role
Head of Human Resources
Vice President of Human Resource
Shares3,160
Max PriceCA$31.40
BuyCA$7,03607 Dec 18
Timothy Reiber
EntityIndividual
Role
Head of Sales
Vice President of Sales & Marketing
Shares225
Max PriceCA$31.27
BuyCA$153,50006 Dec 18
Grant Billing
EntityIndividual
Role
Member of the Board of Directors
Corporate Director
Shares5,000
Max PriceCA$30.70
BuyCA$66,21623 Nov 18
Elizabeth Peterson
EntityIndividual
Shares2,164
Max PriceCA$30.60
BuyCA$72,07320 Nov 18
Michael Tunney
EntityIndividual
Shares2,412
Max PriceCA$29.88
BuyCA$5,73406 Sep 18
Timothy Reiber
EntityIndividual
Role
Head of Sales
Vice President of Sales & Marketing
Shares200
Max PriceCA$28.67
BuyCA$64,85331 Aug 18
Michael Tunney
EntityIndividual
Shares2,250
Max PriceCA$28.82
BuyCA$4,31724 Aug 18
Timothy Reiber
EntityIndividual
Role
Head of Sales
Vice President of Sales & Marketing
Shares150
Max PriceCA$28.80

Ownership Breakdown


Management Team

  • Paul Vanderberg (59yo)

    President

    • Tenure: 3.0yrs
    • Compensation: CA$2.26m
  • Tracey Wallace

    Vice President of Human Resource

    • Tenure: 2.2yrs
    • Compensation: CA$1.03m
  • Darren Yaworsky (48yo)

    VP of Finance & CFO

    • Tenure: 0.2yrs
  • John Kelly

    Chief Operating Officer

    • Tenure: 4.6yrs
    • Compensation: CA$1.65m
  • Tim Reiber

    Vice President of Sales & Marketing

    • Tenure: 0.0yrs
    • Compensation: CA$728.27k
  • Jay Bachman

    Vice President of Financial Operations & Investor Relations

    • Tenure: 0.0yrs
  • Cheryl Moody

    Acting Chief Information Officer

    • Tenure: 0.0yrs

Board Members

  • Garry Mihaichuk (65yo)

    Independent Director

    • Tenure: 10.3yrs
    • Compensation: CA$191.94k
  • Grant Billing (67yo)

    Corporate Director

    • Tenure: 4.2yrs
    • Compensation: CA$210.78k
  • Glen Roane (62yo)

    Chair of the Board

    • Tenure: 4.8yrs
    • Compensation: CA$239.09k
  • Mary Jordan (60yo)

    Independent Director

    • Tenure: 0.2yrs
  • Paul Vanderberg (59yo)

    President

    • Tenure: 3.0yrs
    • Compensation: CA$2.26m
  • Bill Lingard (59yo)

    Corporate Director

    • Tenure: 4.2yrs
    • Compensation: CA$177.57k
  • Kay Best (65yo)

    Corporate Director

    • Tenure: 4.2yrs
    • Compensation: CA$185.07k
  • Bill Derwin (50yo)

    Independent Director

    • Tenure: 0.8yrs
    • Compensation: CA$111.34k

Company Information

Badger Daylighting Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Badger Daylighting Ltd.
  • Ticker: BAD
  • Exchange: TSX
  • Founded: 1992
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: CA$1.534b
  • Shares outstanding: 35.66m
  • Website: https://www.badgerinc.com

Number of Employees


Location

  • Badger Daylighting Ltd.
  • ATCO Building ll
  • Suite 400
  • Calgary
  • Alberta
  • T2R-1P3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BADTSX (The Toronto Stock Exchange)YesCommon SharesCACADMar 1996
BADF.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMar 1996

Biography

Badger Daylighting Ltd. provides non-destructive excavating and related services in Canada and the United States. Its Badger Hydrovac technology uses a pressurized water stream to liquefy the soil cover, w ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 00:16
End of Day Share Price2019/08/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.