Badger Infrastructure Solutions (BDGI) Stock Overview
Provides non-destructive excavating and related services to utilities, industrial, construction, transportation, and other industries in Canada and the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 3/6 |
| Past Performance | 3/6 |
| Financial Health | 3/6 |
| Dividends | 3/6 |
BDGI Community Fair Values
Create NarrativeSee what 37 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Capital Goods opportunity
CE
Fair Value from
CA$5.257.0% undervalued intrinsic discount
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Read full narrativeBadger Infrastructure Solutions Ltd. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$83.08 |
| 52 Week High | CA$85.17 |
| 52 Week Low | CA$41.43 |
| Beta | 0.92 |
| 1 Month Change | 37.66% |
| 3 Month Change | 20.55% |
| 1 Year Change | 95.16% |
| 3 Year Change | 198.74% |
| 5 Year Change | 106.46% |
| Change since IPO | 54,082.73% |
Recent News & Updates
Recent updates
Narrative Update • Apr 23
BDGI: Dividend And Margin Resilience Will Support Future Earnings Power
Analysts have nudged their fair value estimate for Badger Infrastructure Solutions slightly lower to about CA$76.78 from roughly CA$77.56, reflecting a mix of trimmed Street price targets, such as BMO Capital's move to CA$80, and more cautious views on growth and margins alongside a higher assumed future P/E multiple. Analyst Commentary Recent research views on Badger Infrastructure Solutions have been mixed, with some analysts adjusting targets modestly while others are taking a more cautious stance on valuation and execution risk.Narrative Update • Apr 09
BDGI: Dividend Growth And Margin Strength Will Support Future Earnings Power
Narrative Update on Badger Infrastructure Solutions The analyst price target for Badger Infrastructure Solutions has been reduced by CA$5 to CA$80. Analysts cite more tempered revenue growth expectations, along with slightly stronger projected profit margins and a similar forward P/E profile, as the key factors behind this revision.Narrative Update • Mar 26
BDGI: Hold Revisions Will Highlight Dividend Support And Future Earnings Power
Narrative Update Analysts have reduced their blended price target on Badger Infrastructure Solutions by CA$5 to CA$80. This change reflects updated assumptions, including a slightly lower forward P/E multiple and recent price target and rating changes from the Street.Narrative Update • Mar 11
BDGI: Hold Revisions Will Highlight Undervalued Setup And Future Earnings Power
Narrative Update The updated analyst price target for Badger Infrastructure Solutions moves to CA$80 from CA$85 as analysts factor in revised assumptions around fair value, margins and a higher future P/E multiple following recent rating changes and target cuts. Analyst Commentary Recent Street research around Badger Infrastructure Solutions reflects a more cautious tone, centered on valuation and how much future execution is already priced into the shares.Narrative Update • Feb 25
BDGI: Hold Shift Will Highlight Undervalued Setup And Earnings Resilience
Analysts have inched their fair value estimate for Badger Infrastructure Solutions higher from about CA$81.94 to roughly CA$82.47, citing slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E. These factors now point to a richer valuation backdrop and help explain the recent shift to Hold ratings.Narrative Update • Feb 10
BDGI: Hold Rerating Will Highlight Earnings Resilience And Fine Tuning Of Assumptions
Badger Infrastructure Solutions’ analyst price target has been adjusted slightly higher to reflect updated fair value assumptions around $81.94. Analysts cite modest tweaks in the discount rate, revenue growth, profit margin and future P/E expectations following recent rating changes to Hold.Narrative Update • Jan 26
BDGI: Fair Outlook Will Highlight Margin Shift And Ongoing Pause In Buybacks
Analysts have raised their price target for Badger Infrastructure Solutions from about $80.06 to roughly $81.83, citing updated assumptions for revenue growth, profit margins and future P/E levels as part of a fair value adjustment. What's in the News From July 1, 2025 to August 25, 2025, the company reported no share repurchases.Narrative Update • Jan 11
BDGI: Fair Outlook Will Emphasize Margin Drift And Pause In Buybacks
Analysts have trimmed their price target for Badger Infrastructure Solutions to about $80.06 from $80.50, reflecting updated assumptions for slightly higher discount rates and revenue growth, paired with modestly lower profit margin and future P/E expectations. What's in the News From July 1, 2025 to August 25, 2025, Badger Infrastructure Solutions reported no share repurchases.Analysis Article • Jan 11
With EPS Growth And More, Badger Infrastructure Solutions (TSE:BDGI) Makes An Interesting Case
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Narrative Update • Dec 19
BDGI: Raised Price Outlook Will Highlight Margin Pressures And Prudent Buyback Discipline
Analysts have raised their price target for Badger Infrastructure Solutions from C$63 to C$70, reflecting slightly faster expected revenue growth, a modestly lower discount rate, and a higher future earnings multiple, even as profit margin forecasts edge down. Analyst Commentary Bullish analysts interpret the higher price target as confirmation that Badger Infrastructure Solutions is executing well against its growth strategy, with improving visibility into future revenue streams.Narrative Update • Dec 05
BDGI: Future Margin Stability And Buyback Discipline Will Guide Balanced Outlook
Analysts have raised their price target on Badger Infrastructure Solutions, citing slightly stronger long term growth assumptions and modestly higher valuation multiples, which increases the fair value estimate from approximately C$77.69 to about C$78.39 per share. Analyst Commentary Bullish analysts view the higher price target as a reflection of improving confidence in Badger Infrastructure Solutions execution capabilities and long term growth trajectory, particularly as end market demand for infrastructure services remains resilient.Narrative Update • Nov 21
BDGI: Share Buybacks And Improved Margins Will Guide Measured Long-Term Outlook
The analyst price target for Badger Infrastructure Solutions has increased from C$63 to C$70. Analysts cite expectations of stronger revenue growth, improved profit margins, and a higher fair value for the company.Narrative Update • Nov 05
BDGI: Share Repurchase Plan And Steady Execution Will Shape Future Performance
Analysts have raised their price target for Badger Infrastructure Solutions from C$66.19 to C$70.03. They cite higher anticipated revenue growth, improved profit margins, and a modest adjustment to the discount rate in their updated outlook.Analysis Article • Oct 25
Is Now The Time To Look At Buying Badger Infrastructure Solutions Ltd. (TSE:BDGI)?
Badger Infrastructure Solutions Ltd. ( TSE:BDGI ), is not the largest company out there, but it received a lot of...Narrative Update • Oct 22
Analysts Raise Badger Infrastructure Solutions Price Target Amid Optimism and Cautious Outlook
Analysts have revised their price target for Badger Infrastructure Solutions upwards from C$63 to C$70. This change is based on improved revenue growth expectations and a slight reduction in the company’s discount rate.Analysis Article • Oct 08
Estimating The Fair Value Of Badger Infrastructure Solutions Ltd. (TSE:BDGI)
Key Insights The projected fair value for Badger Infrastructure Solutions is CA$78.01 based on 2 Stage Free Cash Flow...Narrative Update • Oct 08
North American Infrastructure Expansion Will Sustain Excavation Demand
The analyst price target for Badger Infrastructure Solutions has increased from C$63 to C$70. Analysts cite improved growth outlook and profitability in their updated forecasts.Analysis Article • Aug 22
Badger Infrastructure Solutions (TSE:BDGI) Has Announced A Dividend Of $0.1875
Badger Infrastructure Solutions Ltd.'s ( TSE:BDGI ) investors are due to receive a payment of $0.1875 per share on 15th...Analysis Article • Aug 03
Badger Infrastructure Solutions' (TSE:BDGI) Dividend Will Be $0.1875
The board of Badger Infrastructure Solutions Ltd. ( TSE:BDGI ) has announced that it will pay a dividend of $0.1875 per...Analysis Article • May 03
Badger Infrastructure Solutions (TSE:BDGI) Has Announced A Dividend Of $0.1875
Badger Infrastructure Solutions Ltd. ( TSE:BDGI ) has announced that it will pay a dividend of $0.1875 per share on the...Analysis Article • May 01
Investor Optimism Abounds Badger Infrastructure Solutions Ltd. (TSE:BDGI) But Growth Is Lacking
With a price-to-earnings (or "P/E") ratio of 20.2x Badger Infrastructure Solutions Ltd. ( TSE:BDGI ) may be sending...Analysis Article • Mar 14
Badger Infrastructure Solutions' (TSE:BDGI) Dividend Will Be Increased To $0.1875
Badger Infrastructure Solutions Ltd. ( TSE:BDGI ) has announced that it will be increasing its dividend from last...
New Narrative • Feb 06
New Infrastructure Projects In Canada And US Will Strengthen Future Market Position
Anticipated recovery in Canadian markets and U.S. elections clarity could drive future revenue growth from delayed projects.Analysis Article • Dec 20
Badger Infrastructure Solutions' (TSE:BDGI) Dividend Will Be $0.18
Badger Infrastructure Solutions Ltd. ( TSE:BDGI ) has announced that it will pay a dividend of $0.18 per share on the...Analysis Article • Nov 06
Is Badger Infrastructure Solutions Ltd. (TSE:BDGI) Potentially Undervalued?
Badger Infrastructure Solutions Ltd. ( TSE:BDGI ), is not the largest company out there, but it received a lot of...Analysis Article • Aug 06
Badger Infrastructure Solutions (TSE:BDGI) Is Paying Out A Dividend Of $0.18
Badger Infrastructure Solutions Ltd.'s ( TSE:BDGI ) investors are due to receive a payment of $0.18 per share on 15th...Analysis Article • Jul 05
Shareholders Should Be Pleased With Badger Infrastructure Solutions Ltd.'s (TSE:BDGI) Price
Badger Infrastructure Solutions Ltd.'s ( TSE:BDGI ) price-to-earnings (or "P/E") ratio of 24.5x might make it look like...Analysis Article • Jun 15
Badger Infrastructure Solutions (TSE:BDGI) Is Due To Pay A Dividend Of $0.18
The board of Badger Infrastructure Solutions Ltd. ( TSE:BDGI ) has announced that it will pay a dividend on the 15th of...Analysis Article • Jun 06
Should You Think About Buying Badger Infrastructure Solutions Ltd. (TSE:BDGI) Now?
Badger Infrastructure Solutions Ltd. ( TSE:BDGI ), might not be a large cap stock, but it received a lot of attention...Analysis Article • May 07
Badger Infrastructure Solutions (TSE:BDGI) Will Pay A Dividend Of $0.18
Badger Infrastructure Solutions Ltd. ( TSE:BDGI ) will pay a dividend of $0.18 on the 15th of July. The dividend yield...Analysis Article • Apr 19
Some Investors May Be Worried About Badger Infrastructure Solutions' (TSE:BDGI) Returns On Capital
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...Analysis Article • Mar 22
Getting In Cheap On Badger Infrastructure Solutions Ltd. (TSE:BDGI) Might Be Difficult
When close to half the companies in Canada have price-to-earnings ratios (or "P/E's") below 13x, you may consider...Analysis Article • Feb 28
Here's Why Badger Infrastructure Solutions (TSE:BDGI) Can Manage Its Debt Responsibly
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Jan 11
Is Now An Opportune Moment To Examine Badger Infrastructure Solutions Ltd. (TSE:BDGI)?
While Badger Infrastructure Solutions Ltd. ( TSE:BDGI ) might not have the largest market cap around , it received a...Shareholder Returns
| BDGI | CA Construction | CA Market | |
|---|---|---|---|
| 7D | 26.5% | -3.2% | 1.0% |
| 1Y | 95.2% | 0.6% | 34.0% |
Return vs Industry: BDGI exceeded the Canadian Construction industry which returned 8.5% over the past year.
Return vs Market: BDGI exceeded the Canadian Market which returned 34.5% over the past year.
Price Volatility
| BDGI volatility | |
|---|---|
| BDGI Average Weekly Movement | 7.7% |
| Construction Industry Average Movement | 5.3% |
| Market Average Movement | 10.3% |
| 10% most volatile stocks in CA Market | 17.8% |
| 10% least volatile stocks in CA Market | 4.0% |
Stable Share Price: BDGI has not had significant price volatility in the past 3 months compared to the Canadian market.
Volatility Over Time: BDGI's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1992 | 2,807 | Rob Blackadar | www.badgerinc.com |
Badger Infrastructure Solutions Ltd. provides non-destructive excavating and related services to utilities, industrial, construction, transportation, and other industries in Canada and the United States. It offers Badger Hydrovac for use in safe excavations around critical infrastructure and in congested underground conditions. The company also provides hydrovac services, such as anode installations, daylighting, debris removal, pipelines, potholing, power distribution, service pits, shoring installations, tank cleanouts, trenching, and utility pole holes; and electromagnetic locating, GPS data collection, infrastructure mapping, depth of cover surveys, 4-way sweeps and passive scans, daylight reports, CAD drawings and GIS exports, and watch and protect inspections services.
Badger Infrastructure Solutions Ltd. Fundamentals Summary
| BDGI fundamental statistics | |
|---|---|
| Market cap | CA$2.82b |
| Earnings (TTM) | CA$77.60m |
| Revenue (TTM) | CA$1.18b |
36.0x
P/E Ratio2.4x
P/S RatioIs BDGI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BDGI income statement (TTM) | |
|---|---|
| Revenue | US$862.31m |
| Cost of Revenue | US$615.69m |
| Gross Profit | US$246.63m |
| Other Expenses | US$189.79m |
| Earnings | US$56.84m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.69 |
| Gross Margin | 28.60% |
| Net Profit Margin | 6.59% |
| Debt/Equity Ratio | 80.7% |
How did BDGI perform over the long term?
See historical performance and comparisonDividends
0.9%
Current Dividend Yield33%
Payout RatioDoes BDGI pay a reliable dividends?
See BDGI dividend history and benchmarks| Badger Infrastructure Solutions dividend dates | |
|---|---|
| Ex Dividend Date | Jun 30 2026 |
| Dividend Pay Date | Jul 15 2026 |
| Days until Ex dividend | 51 days |
| Days until Dividend pay date | 66 days |
Does BDGI pay a reliable dividends?
See BDGI dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 04:17 |
| End of Day Share Price | 2026/05/07 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Badger Infrastructure Solutions Ltd. is covered by 12 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Trevor Reynolds | Acumen Capital Finance Partners Limited |
| Brent Watson | ATB Cormark Historical (Cormark Securities) |
| John Gibson | BMO Capital Markets Equity Research |