Concrete Pumping Holdings

NasdaqCM:BBCP Stock Report

Mkt Cap: US$396.2m

We’ve recently updated our valuation analysis.

Concrete Pumping Holdings Valuation

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

[object Object] Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

BBCP 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/Revenue2.2x
Enterprise Value/EBITDA7.9x
PEG Ratio2x

Price to Earnings Ratio vs Peers

How does BBCP's PE Ratio compare to its peers?

The above table shows the PE ratio for BBCP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average33.3x
NWPX Northwest Pipe
14.3x4.3%US$363.3m
GLDD Great Lakes Dredge & Dock
21.7x80.8%US$473.8m
AGX Argan
19.8x37.7%US$522.3m
BWMN Bowman Consulting Group
77.2x77.0%US$255.6m
BBCP Concrete Pumping Holdings
17.6x8.8%US$396.2m

Price-To-Earnings vs Peers: BBCP is good value based on its Price-To-Earnings Ratio (17.6x) compared to the peer average (33.3x).


Price to Earnings Ratio vs Industry

How does BBCP's PE Ratio compare vs other companies in the US Construction Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a25.3%
n/an/an/a

Price-To-Earnings vs Industry: BBCP is good value based on its Price-To-Earnings Ratio (17.6x) compared to the US Construction industry average (22.3x)


Price to Earnings Ratio vs Fair Ratio

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

BBCP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.6x
Fair PE Ratio11.9x

Price-To-Earnings vs Fair Ratio: BBCP is expensive based on its Price-To-Earnings Ratio (17.6x) compared to the estimated Fair Price-To-Earnings Ratio (11.9x).


Share Price vs Fair Value

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

Below Fair Value: BBCP ($7) is trading below our estimate of fair value ($12.02)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BBCP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$7.00
US$9.38
+33.9%
13.8%US$11.00US$7.50n/a4
Nov ’23US$6.40
US$9.38
+46.5%
13.8%US$11.00US$7.50n/a4
Oct ’23US$6.45
US$9.50
+47.3%
11.8%US$11.00US$8.00n/a4
Sep ’23US$6.70
US$9.25
+38.1%
9.0%US$10.00US$8.00n/a4
Aug ’23US$6.49
US$9.25
+42.5%
9.0%US$10.00US$8.00n/a4
Jul ’23US$6.11
US$9.25
+51.4%
9.0%US$10.00US$8.00n/a4
Jun ’23US$5.23
US$10.25
+96.0%
8.1%US$11.00US$9.00n/a4
May ’23US$5.58
US$10.25
+83.7%
8.1%US$11.00US$9.00n/a4
Apr ’23US$6.49
US$11.00
+69.5%
6.4%US$12.00US$10.00n/a4
Mar ’23US$7.41
US$11.00
+48.4%
6.4%US$12.00US$10.00n/a4
Feb ’23US$7.95
US$11.00
+38.4%
6.4%US$12.00US$10.00n/a4
Jan ’23US$8.20
US$10.67
+30.1%
4.4%US$11.00US$10.00n/a3
Dec ’22US$8.12
US$10.75
+32.4%
4.0%US$11.00US$10.00US$7.004
Nov ’22US$8.83
US$10.75
+21.7%
4.0%US$11.00US$10.00US$6.404
Oct ’22US$8.67
US$10.75
+24.0%
4.0%US$11.00US$10.00US$6.454
Sep ’22US$8.23
US$10.75
+30.6%
4.0%US$11.00US$10.00US$6.704
Aug ’22US$8.70
US$10.75
+23.6%
4.0%US$11.00US$10.00US$6.494
Jul ’22US$8.57
US$10.75
+25.4%
4.0%US$11.00US$10.00US$6.114
Jun ’22US$8.17
US$7.88
-3.6%
15.8%US$9.00US$6.00US$5.234
May ’22US$8.13
US$7.88
-3.1%
15.8%US$9.00US$6.00US$5.584
Apr ’22US$7.51
US$7.63
+1.5%
14.2%US$9.00US$6.00US$6.494
Mar ’22US$6.42
US$6.10
-5.0%
3.3%US$6.50US$6.00US$7.415
Feb ’22US$5.62
US$6.10
+8.5%
3.3%US$6.50US$6.00US$7.955
Jan ’22US$3.83
US$5.07
+32.4%
18.0%US$6.50US$4.00US$8.205
Dec ’21US$3.75
US$5.07
+35.2%
18.0%US$6.50US$4.00US$8.125

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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