NasdaqCM:BBCP

Stock Analysis Report

Executive Summary

Concrete Pumping Holdings, Inc. provides concrete pumping and waste management services in the United States and the United Kingdom.

Rewards

Trading at 13% below its fair value

Earnings are forecast to grow 113.9% per year

Risk Analysis

Shareholders have been substantially diluted in the past year

Highly volatile share price over past 3 months



Snowflake Analysis

Reasonable growth potential and slightly overvalued.

Share Price & News

How has Concrete Pumping Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BBCP's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-13.5%

BBCP

2.1%

US Construction

1.2%

US Market


1 Year Return

-38.7%

BBCP

21.4%

US Construction

24.2%

US Market

Return vs Industry: BBCP underperformed the US Construction industry which returned 23.6% over the past year.

Return vs Market: BBCP underperformed the US Market which returned 24.7% over the past year.


Shareholder returns

BBCPIndustryMarket
7 Day-13.5%2.1%1.2%
30 Day-13.5%3.4%3.5%
90 Day44.2%3.9%11.7%
1 Year-38.7%-38.7%22.4%21.4%26.9%24.2%
3 Yearn/a12.2%9.8%53.0%43.2%
5 Yearn/a51.1%45.6%75.3%56.0%

Price Volatility Vs. Market

How volatile is Concrete Pumping Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Concrete Pumping Holdings undervalued compared to its fair value and its price relative to the market?

9.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BBCP ($5.6) is trading below our estimate of fair value ($6.44)

Significantly Below Fair Value: BBCP is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BBCP is good value based on its PB Ratio (1x) compared to the US Construction industry average (1.8x).


Next Steps

Future Growth

How is Concrete Pumping Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

132.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BBCP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).

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

High Growth Earnings: BBCP's is expected to become profitable in the next 3 years.

Revenue vs Market: BBCP's revenue (11.9% per year) is forecast to grow faster than the US market (7.5% per year).

High Growth Revenue: BBCP's revenue (11.9% 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 BBCP's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Concrete Pumping Holdings performed over the past 5 years?

-53.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BBCP is currently unprofitable.

Growing Profit Margin: BBCP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BBCP is unprofitable, and losses have increased over the past 5 years at a rate of -45.6% per year.

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

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


Return on Equity

High ROE: BBCP has a negative Return on Equity (-9.3%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Concrete Pumping Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: BBCP's short term assets ($57.2M) do not cover its short term liabilities ($87.8M).

Long Term Liabilities: BBCP's short term assets ($57.2M) do not cover its long term liabilities ($436.8M).


Debt to Equity History and Analysis

Debt Level: BBCP's debt to equity ratio (122.5%) is considered high.

Reducing Debt: Insufficient data to determine if BBCP's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: BBCP's debt is not covered by short term assets (assets are 0.1x 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: BBCP has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if BBCP has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Concrete Pumping Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage0.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate BBCP'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 BBCP's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

What is the CEO of Concrete Pumping Holdings's salary, the management and board of directors tenure and is there insider trading?

12.0yrs

Average management tenure


CEO

Bruce Young (59yo)

12yrs

Tenure

US$469,092

Compensation

Mr. Bruce F. Young has been Chief Executive Officer at Concrete Pumping Holdings, Inc. since 2008 and has been its Director since December 6, 2018. He serves as the President and Chief Executive Officer of ...


CEO Compensation Analysis

Compensation vs Market: Bruce's total compensation ($USD469.09K) is below average for companies of similar size in the US market ($USD1.70M).

Compensation vs Earnings: Bruce's compensation has been consistent with company performance over the past year.


Management Age and Tenure

12.0yrs

Average Tenure

52yo

Average Age

Experienced Management: BBCP's management team is seasoned and experienced (12 years average tenure).


Board Age and Tenure

1.1yrs

Average Tenure

59.5yo

Average Age

Experienced Board: BBCP's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$7,312,50016 May 19
Argand Partners, LP
EntityCompany
Shares1,625,000
Max PriceUS$4.50
BuyUS$119,99716 May 19
Matthew Homme
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares26,666
Max PriceUS$4.50
BuyUS$4,500,00016 May 19
M. Stevens
EntityIndividual
Shares1,000,000
Max PriceUS$4.50
BuyUS$76,96016 May 19
Brian Hodges
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares14,800
Max PriceUS$5.20
BuyUS$900,00016 May 19
Bruce Young
EntityIndividual
Role
Chief Executive Officer
President
Shares200,000
Max PriceUS$4.50
BuyUS$45,22015 May 19
John Piecuch
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares8,990
Max PriceUS$5.03
BuyUS$138,41414 May 19
David A. Brown
EntityIndividual
Role
Chairman of the Board
Chairman the Board
Shares27,726
Max PriceUS$4.99

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 255.3%.


Management Team

  • Bruce Young (59yo)

    President

    • Tenure: 12yrs
    • Compensation: US$469.09k
  • Tony Faud (52yo)

    Managing Director of CPH U.K. Operations

    • Tenure: 18yrs
    • Compensation: US$244.77k
  • Iain Humphries (44yo)

    CFO, Secretary & Director

    • Tenure: 1.1yrs
    • Compensation: US$354.36k

Board Members

  • John Piecuch (70yo)

    Independent Director

    • Tenure: 1.1yrs
  • David A. Brown (75yo)

    Chairman the Board

    • Tenure: 1.1yrs
  • Brian Hodges (65yo)

    Independent Director

    • Tenure: 1.1yrs
  • Tariq Osman (40yo)

    Vice Chairman the Board

    • Tenure: 1.1yrs
  • Heather Faust (39yo)

    Independent Director

    • Tenure: 1.1yrs
  • Bruce Young (59yo)

    President

    • Tenure: 12yrs
    • Compensation: US$469.09k
  • Matt Homme (39yo)

    Independent Director

    • Tenure: 1.1yrs
  • Ray Cheesman (60yo)

    Independent Director

    • Tenure: 1.1yrs
  • David Hall (60yo)

    Independent Director

    • Tenure: 1.1yrs
  • Iain Humphries (44yo)

    CFO, Secretary & Director

    • Tenure: 1.1yrs
    • Compensation: US$354.36k

Company Information

Concrete Pumping Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Concrete Pumping Holdings, Inc.
  • Ticker: BBCP
  • Exchange: NasdaqCM
  • Founded: 1983
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: US$282.267m
  • Shares outstanding: 58.26m
  • Website: https://www.concretepumpingholdings.com

Number of Employees


Location

  • Concrete Pumping Holdings, Inc.
  • 500 East 84th Avenue
  • Suite A-5
  • Thornton
  • Colorado
  • 80229
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BBCPNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDAug 2017

Biography

Concrete Pumping Holdings, Inc. provides concrete pumping and waste management services in the United States and the United Kingdom. The company operates through three segments: U.S. Concrete Pumping, U.S. Concrete Waste Management, and United Kingdom Operations. The company offers concrete pumping services to general contractors and the concrete finishing companies in the commercial, infrastructure, and residential sectors under the Brundage-Bone and Camfaud brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand. Concrete Pumping Holdings, Inc. was founded in 1983 and is headquartered in Thornton, Colorado. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/21 01:15
End of Day Share Price2020/01/17 00:00
Earnings2019/10/31
Annual Earnings2019/10/31


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.