TSX:BDI

Stock Analysis Report

Executive Summary

Black Diamond Group Limited rents and sells workspace and modular workforce accommodation solutions.

Snowflake

Fair value with mediocre balance sheet.


Similar Companies

Share Price & News

How has Black Diamond Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BDI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.1%

BDI

0.8%

CA Commercial Services

0.8%

CA Market


1 Year Return

-25.2%

BDI

-5.5%

CA Commercial Services

7.2%

CA Market

Return vs Industry: BDI underperformed the Canadian Commercial Services industry which returned -5.5% over the past year.

Return vs Market: BDI underperformed the Canadian Market which returned 7.2% over the past year.


Shareholder returns

BDIIndustryMarket
7 Day1.1%0.8%0.8%
30 Day9.2%4.6%2.8%
90 Day9.9%0.2%4.6%
1 Year-25.2%-25.2%-2.1%-5.5%10.8%7.2%
3 Year-38.2%-41.8%10.5%1.8%18.7%8.1%
5 Year-89.0%-91.1%-14.2%-29.3%26.9%8.3%

Price Volatility Vs. Market

How volatile is Black Diamond Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Black Diamond Group undervalued compared to its fair value and its price relative to the market?

41.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BDI (CA$1.78) is trading below our estimate of fair value (CA$3.02)

Significantly Below Fair Value: BDI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BDI is unprofitable, so we can't compare its PE Ratio to the Commercial Services industry average.

PE vs Market: BDI is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BDI is good value based on its PB Ratio (0.5x) compared to the CA Commercial Services industry average (0.8x).


Next Steps

Future Growth

How is Black Diamond Group forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

43.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BDI is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: BDI is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: BDI is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: BDI's revenue (1.6% per year) is forecast to grow slower than the Canadian market (5% per year).

High Growth Revenue: BDI's revenue (1.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BDI's Return on Equity is forecast to be low in 3 years time (0.8%).


Next Steps

Past Performance

How has Black Diamond Group performed over the past 5 years?

-42.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BDI has high quality earnings.

Growing Profit Margin: BDI's current net profit margins (-4.8%) are higher than last year (-53.3%).


Past Earnings Growth Analysis

Earnings Trend: BDI is unprofitable, and losses have increased over the past 5 years at a rate of -42% per year.

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

Earnings vs Industry: BDI is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (-2.1%).


Return on Equity

High ROE: BDI has a negative Return on Equity (-3.88%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Black Diamond Group's financial position?


Financial Position Analysis

Short Term Liabilities: BDI's short term assets (CA$49.6M) exceeds its short term liabilities (CA$39.4M)

Long Term Liabilities: BDI's short term assets (49.6M) do not cover its long term liabilities (161.6M)


Debt to Equity History and Analysis

Debt Level: BDI's debt to equity ratio (44.3%) is considered high

Reducing Debt: BDI's debt to equity ratio has increased from 33.3% to 44.3% over the past 5 years.


Balance Sheet

Inventory Level: BDI has a high level of physical assets or inventory.

Debt Coverage by Assets: BDI's debt is not covered by short term assets (assets are 0.5x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable BDI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: BDI is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -68% per year.


Next Steps

Dividend

What is Black Diamond Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.0%markettop25%5.7%industryaverage1.7%forecastin3Years0%

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate BDI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate BDI's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BDI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BDI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BDI is not paying a notable dividend for the Canadian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BDI's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of Black Diamond Group's salary, the management and board of directors tenure and is there insider trading?

3.7yrs

Average management tenure


CEO

Trevor Haynes (52yo)

9.9yrs

Tenure

CA$1,069,870

Compensation

Mr. Trevor Haynes has been the Chief Executive Officer and President at Black Diamond Group Limited since December 31, 2009 and has been its Chairman since May 7, 2015. Mr. Haynes is a Co-founder of CF Con ...


CEO Compensation Analysis

Compensation vs Market: Trevor's total compensation ($USD807.78K) is above average for companies of similar size in the Canadian market ($USD135.91K).

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


Management Age and Tenure

3.7yrs

Average Tenure

56yo

Average Age

Experienced Management: BDI's management team is considered experienced (3.7 years average tenure).


Board Age and Tenure

4.5yrs

Average Tenure

57yo

Average Age

Experienced Board: BDI's board of directors are considered experienced (4.5 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyCA$29,22911 Nov 19
Edward Redmond
EntityIndividual
Role
Senior Key Executive
Executive VP & COO - Modular Space Solutions
Shares16,500
Max PriceCA$1.80
BuyCA$4,55017 Sep 19
Trevor Haynes
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares2,500
Max PriceCA$1.82
BuyCA$14,55313 Sep 19
Trevor Haynes
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares8,500
Max PriceCA$1.74
BuyCA$8,50909 Sep 19
Claryn Equities Inc
EntityCompany
Shares5,000
Max PriceCA$1.71
BuyCA$4,22506 Sep 19
Trevor Haynes
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares2,500
Max PriceCA$1.69
BuyCA$20,64203 Sep 19
Trevor Haynes
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares12,200
Max PriceCA$1.71
BuyCA$19,98627 Aug 19
Edward Kernaghan
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares11,300
Max PriceCA$1.78
BuyCA$4,20026 Aug 19
Trevor Haynes
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares2,500
Max PriceCA$1.68
BuyCA$121,91526 Aug 19
Edward Kernaghan
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares68,200
Max PriceCA$1.80
BuyCA$10,59023 Aug 19
Edward Kernaghan
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,900
Max PriceCA$1.80
BuyCA$10,03823 Aug 19
Michael Ridley
EntityIndividual
Role
Senior Key Executive
Executive VP & COO of Workforce Solutions
Shares6,200
Max PriceCA$1.62
BuyCA$194,97222 Aug 19
Edward Kernaghan
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares114,600
Max PriceCA$1.75
BuyCA$12,51721 Aug 19
Trevor Haynes
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares7,500
Max PriceCA$1.68
BuyCA$42,52214 Aug 19
Trevor Haynes
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares25,000
Max PriceCA$1.78
BuyCA$4,07512 Aug 19
Steven Stein
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,500
Max PriceCA$1.63
BuyCA$10,05004 Jul 19
Claryn Equities Inc
EntityCompany
Shares5,000
Max PriceCA$2.01
BuyCA$12,53607 Jun 19
Edward Kernaghan
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares6,000
Max PriceCA$2.10
BuyCA$10,25007 Jun 19
Claryn Equities Inc
EntityCompany
Shares5,000
Max PriceCA$2.05
BuyCA$14,42004 Jun 19
Edward Kernaghan
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares7,000
Max PriceCA$2.06
BuyCA$10,80031 May 19
Claryn Equities Inc
EntityCompany
Shares5,000
Max PriceCA$2.16
BuyCA$77,19315 May 19
Kernwood Limited
EntityCompany
Shares35,000
Max PriceCA$2.24
SellCA$237,00007 May 19
Edward Kernaghan
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares100,000
Max PriceCA$2.37
BuyCA$237,00007 May 19
Kernwood Limited
EntityCompany
Shares100,000
Max PriceCA$2.37
BuyCA$9,74429 Mar 19
Claryn Equities Inc
EntityCompany
Shares5,400
Max PriceCA$1.81
BuyCA$9,05026 Mar 19
Claryn Equities Inc
EntityCompany
Shares5,000
Max PriceCA$1.81
BuyCA$5,90601 Jan 19
Trevor Haynes
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares3,100
Max PriceCA$1.94
BuyCA$85,21928 Dec 18
Kernwood Limited
EntityCompany
Shares48,000
Max PriceCA$1.80
BuyCA$9,96721 Dec 18
Trevor Haynes
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares5,200
Max PriceCA$1.97
BuyCA$183,46021 Dec 18
Kernwood Limited
EntityCompany
Shares94,400
Max PriceCA$2.01
SellCA$10,63820 Dec 18
Harry Klukas
EntityIndividual
Shares5,400
Max PriceCA$1.97
BuyCA$60,33420 Dec 18
Kernwood Limited
EntityCompany
Shares30,000
Max PriceCA$2.04
BuyCA$6,86520 Dec 18
Trevor Haynes
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares3,269
Max PriceCA$2.10
BuyCA$127,01519 Dec 18
Kernwood Limited
EntityCompany
Shares63,300
Max PriceCA$2.05
BuyCA$247,73507 Dec 18
Kernwood Limited
EntityCompany
Shares120,000
Max PriceCA$2.10
BuyCA$18,79126 Nov 18
Trevor Haynes
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares8,100
Max PriceCA$2.34
BuyCA$4,52223 Nov 18
Trevor Haynes
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares1,900
Max PriceCA$2.38

Ownership Breakdown

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


Management Team

  • Ted Redmond (57yo)

    Executive VP & COO - Modular Space Solutions

    • Tenure: 0.8yrs
  • Patrick Melanson

    Executive VP of Shared Services & Chief Information Officer

    • Tenure: 3.8yrs
    • Compensation: CA$475.67k
  • Trevor Haynes (52yo)

    Chairman

    • Tenure: 9.9yrs
    • Compensation: CA$1.07m
  • Mike Ridley (56yo)

    Executive VP & COO of Workforce Solutions

    • Tenure: 2.2yrs
    • Compensation: CA$543.59k
  • Toby Labrie

    Executive VP & CFO

    • Tenure: 3.7yrs
    • Compensation: CA$496.67k

Board Members

  • Robert Wagemakers (62yo)

    Lead Independent Director

    • Tenure: 2.5yrs
    • Compensation: CA$74.94k
  • Edward Kernaghan (47yo)

    Independent Director

    • Tenure: 1.7yrs
    • Compensation: CA$59.77k
  • Trevor Haynes (52yo)

    Chairman

    • Tenure: 9.9yrs
    • Compensation: CA$1.07m
  • Steve Stein

    Director

    • Tenure: 10.1yrs
    • Compensation: CA$141.26k
  • Bob Herdman (68yo)

    Independent Director

    • Tenure: 7.7yrs
    • Compensation: CA$75.94k
  • David Olsson

    Independent Director

    • Tenure: 5.8yrs
    • Compensation: CA$83.62k
  • Barbara Kelley

    Independent Director

    • Tenure: 3.5yrs
    • Compensation: CA$73.77k

Company Information

Black Diamond Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Black Diamond Group Limited
  • Ticker: BDI
  • Exchange: TSX
  • Founded: 2003
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Market Cap: CA$98.785m
  • Shares outstanding: 55.50m
  • Website: https://www.blackdiamondgroup.com

Number of Employees


Location

  • Black Diamond Group Limited
  • 440-2nd Avenue S.W.
  • Suite 1000
  • Calgary
  • Alberta
  • T2P 5E9
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BDITSX (The Toronto Stock Exchange)YesCommon SharesCACADSep 2006
BDIM.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 2006
8B8DB (Deutsche Boerse AG)YesCommon SharesDEEURSep 2006

Biography

Black Diamond Group Limited rents and sells workspace and modular workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Sol ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/14 00:25
End of Day Share Price2019/11/13 00:00
Earnings2019/09/30
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.