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BDGI

Badger Infrastructure Solutions TSX:BDGI Stock Report

Last Price

CA$28.24

Market Cap

CA$973.5m

7D

7.3%

1Y

-24.9%

Updated

30 Jun, 2022

Data

Company Financials +
BDGI fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance0/6
Financial Health2/6
Dividends3/6

BDGI Stock Overview

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

Badger Infrastructure Solutions Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Badger Infrastructure Solutions
Historical stock prices
Current Share PriceCA$28.24
52 Week HighCA$37.82
52 Week LowCA$22.54
Beta1.24
1 Month Change-4.56%
3 Month Change-9.52%
1 Year Change-24.93%
3 Year Change-42.31%
5 Year Change7.79%
Change since IPO18,317.43%

Recent News & Updates

Shareholder Returns

BDGICA ConstructionCA Market
7D7.3%2.8%1.0%
1Y-24.9%-9.3%-4.7%

Return vs Industry: BDGI underperformed the Canadian Construction industry which returned -10.8% over the past year.

Return vs Market: BDGI underperformed the Canadian Market which returned -3.7% over the past year.

Price Volatility

Is BDGI's price volatile compared to industry and market?
BDGI volatility
BDGI Average Weekly Movement7.0%
Construction Industry Average Movement4.8%
Market Average Movement10.1%
10% most volatile stocks in CA Market17.3%
10% least volatile stocks in CA Market4.4%

Stable Share Price: BDGI is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: BDGI's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19922,119Paul Vanderberghttps://www.badgerinc.com

Badger Infrastructure Solutions 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, which is then removed with a vacuum system and deposited into a storage tank. The company offers daylighting services for visual confirmation of buried lines, directional drilling test holes, sacrificial anode installation, pipeline and utility crossings, and subsurface utility engineering test holes applications; slot trenching services; and service repair pits for gas service tie-in, electric cable fault repair, water main and service repair, and telecom splice applications.

Badger Infrastructure Solutions Fundamentals Summary

How do Badger Infrastructure Solutions's earnings and revenue compare to its market cap?
BDGI fundamental statistics
Market CapUS$755.82m
Earnings (TTM)-US$2.53m
Revenue (TTM)US$484.00m

1.6x

P/S Ratio

-298.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BDGI income statement (TTM)
RevenueUS$484.00m
Cost of RevenueUS$383.39m
Gross ProfitUS$100.61m
Other ExpensesUS$103.14m
Earnings-US$2.53m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.073
Gross Margin20.79%
Net Profit Margin-0.52%
Debt/Equity Ratio56.3%

How did BDGI perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

-699%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is BDGI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BDGI?

Other financial metrics that can be useful for relative valuation.

BDGI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.8x
Enterprise Value/EBITDA16.9x
PEG Ration/a

Price to Sales Ratio vs Peers

How does BDGI's PS Ratio compare to its peers?

BDGI PS Ratio vs Peers
The above table shows the PS ratio for BDGI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.6x
ARE Aecon Group
0.2x0.9%CA$800.0m
BDT Bird Construction
0.2x3.9%CA$401.1m
SNC SNC-Lavalin Group
0.5x1.9%CA$3.9b
WSP WSP Global
1.6x7.1%CA$17.2b
BDGI Badger Infrastructure Solutions
1.6x10.4%CA$973.5m

Price-To-Sales vs Peers: BDGI is expensive based on its Price-To-Sales Ratio (1.6x) compared to the peer average (0.6x).


Price to Earnings Ratio vs Industry

How does BDGI's PE Ratio compare vs other companies in the North American Construction Industry?

Price-To-Sales vs Industry: BDGI is expensive based on its Price-To-Sales Ratio (1.6x) compared to the Canadian Construction industry average (1x)


Price to Sales Ratio vs Fair Ratio

What is BDGI's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BDGI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.6x
Fair PS Ratio1.1x

Price-To-Sales vs Fair Ratio: BDGI is expensive based on its Price-To-Sales Ratio (1.6x) compared to the estimated Fair Price-To-Sales Ratio (1.1x).


Share Price vs Fair Value

What is the Fair Price of BDGI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BDGI (CA$28.24) is trading above our estimate of fair value (CA$13.64)

Significantly Below Fair Value: BDGI is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BDGI's PEG Ratio to determine if it is good value.


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Future Growth

How is Badger Infrastructure Solutions forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


97.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BDGI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).

Earnings vs Market: BDGI is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BDGI is expected to become profitable in the next 3 years.

Revenue vs Market: BDGI's revenue (10.4% per year) is forecast to grow faster than the Canadian market (6.4% per year).

High Growth Revenue: BDGI's revenue (10.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BDGI's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Badger Infrastructure Solutions performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-29.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BDGI is currently unprofitable.

Growing Profit Margin: BDGI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BDGI is unprofitable, and losses have increased over the past 5 years at a rate of 29.6% per year.

Accelerating Growth: Unable to compare BDGI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BDGI is unprofitable, making it difficult to compare its past year earnings growth to the Construction industry (-0.1%).


Return on Equity

High ROE: BDGI has a negative Return on Equity (-1.19%), as it is currently unprofitable.


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Financial Health

How is Badger Infrastructure Solutions's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BDGI's short term assets ($146.6M) exceed its short term liabilities ($82.8M).

Long Term Liabilities: BDGI's short term assets ($146.6M) do not cover its long term liabilities ($175.2M).


Debt to Equity History and Analysis

Debt Level: BDGI's net debt to equity ratio (55.4%) is considered high.

Reducing Debt: BDGI's debt to equity ratio has increased from 35.9% to 56.3% over the past 5 years.

Debt Coverage: BDGI's debt is well covered by operating cash flow (26.8%).

Interest Coverage: BDGI's interest payments on its debt are not well covered by EBIT (1.2x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.31%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BDGI's dividend (2.31%) is higher than the bottom 25% of dividend payers in the Canadian market (2.02%).

High Dividend: BDGI's dividend (2.31%) is low compared to the top 25% of dividend payers in the Canadian market (5.35%).


Stability and Growth of Payments

Stable Dividend: BDGI's dividends per share have been stable in the past 10 years.

Growing Dividend: BDGI's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: BDGI is paying a dividend but the company is unprofitable.


Cash Payout to Shareholders

Cash Flow Coverage: BDGI is paying a dividend but the company has no free cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Paul Vanderberg (61 yo)

5.92yrs

Tenure

US$2,615,719

Compensation

Mr. Paul J. Vanderberg has been the Chief Executive Officer, President and Director at Badger Infrastructure Solutions Ltd. (formerly known as Badger Daylighting Ltd.) since July 27, 2016. Mr. Vanderberg s...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD2.62M) is above average for companies of similar size in the Canadian market ($USD1.59M).

Compensation vs Earnings: Paul's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: BDGI's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: BDGI's board of directors are considered experienced (3.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BDGI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Badger Infrastructure Solutions Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Badger Infrastructure Solutions Ltd.
  • Ticker: BDGI
  • Exchange: TSX
  • Founded: 1992
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Implied Market Cap: CA$973.530m
  • Shares outstanding: 34.47m
  • Website: https://www.badgerinc.com

Number of Employees


Location

  • Badger Infrastructure Solutions Ltd.
  • ATCO Centre II
  • 4th Floor
  • Calgary
  • Alberta
  • T2R 1P3
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/30 00:00
End of Day Share Price2022/06/30 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.