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LMB

Limbach Holdings NasdaqCM:LMB Stock Report

Last Price

US$5.27

Market Cap

US$54.9m

7D

-2.4%

1Y

-42.6%

Updated

04 Jul, 2022

Data

Company Financials +
LMB fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance4/6
Financial Health5/6
Dividends0/6

LMB Stock Overview

Limbach Holdings, Inc. operates as an integrated building systems solutions company in the United States.

Limbach Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Limbach Holdings
Historical stock prices
Current Share PriceUS$5.27
52 Week HighUS$9.76
52 Week LowUS$4.90
Beta1.23
1 Month Change-16.61%
3 Month Change-25.25%
1 Year Change-42.59%
3 Year Change-38.79%
5 Year Change-56.23%
Change since IPO-44.23%

Recent News & Updates

Jun 07
Here's Why Limbach Holdings (NASDAQ:LMB) Can Manage Its Debt Responsibly

Here's Why Limbach Holdings (NASDAQ:LMB) Can Manage Its Debt Responsibly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

May 12
Is There Now An Opportunity In Limbach Holdings, Inc. (NASDAQ:LMB)?

Is There Now An Opportunity In Limbach Holdings, Inc. (NASDAQ:LMB)?

While Limbach Holdings, Inc. ( NASDAQ:LMB ) might not be the most widely known stock at the moment, it received a lot...

Shareholder Returns

LMBUS ConstructionUS Market
7D-2.4%-2.4%-2.2%
1Y-42.6%-2.8%-19.1%

Return vs Industry: LMB underperformed the US Construction industry which returned -2.8% over the past year.

Return vs Market: LMB underperformed the US Market which returned -21.2% over the past year.

Price Volatility

Is LMB's price volatile compared to industry and market?
LMB volatility
LMB Average Weekly Movement8.9%
Construction Industry Average Movement6.1%
Market Average Movement8.1%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.3%

Stable Share Price: LMB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: LMB's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19011,650Charlie Baconhttps://www.limbachinc.com

Limbach Holdings, Inc. operates as an integrated building systems solutions company in the United States. It operates in two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the design, prefabrication, installation, management, and maintenance of mechanical, electrical, plumbing, and control systems, as well as heating, ventilation, air-conditioning (HVAC) system.

Limbach Holdings Fundamentals Summary

How do Limbach Holdings's earnings and revenue compare to its market cap?
LMB fundamental statistics
Market CapUS$54.93m
Earnings (TTM)US$7.48m
Revenue (TTM)US$491.83m

7.3x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LMB income statement (TTM)
RevenueUS$491.83m
Cost of RevenueUS$404.81m
Gross ProfitUS$87.02m
Other ExpensesUS$79.54m
EarningsUS$7.48m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.72
Gross Margin17.69%
Net Profit Margin1.52%
Debt/Equity Ratio48.5%

How did LMB perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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 LMB?

Other financial metrics that can be useful for relative valuation.

LMB 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/Revenue0.2x
Enterprise Value/EBITDA5.2x
PEG Ratio0.2x

Price to Earnings Ratio vs Peers

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

LMB PE Ratio vs Peers
The above table shows the PE ratio for LMB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average95.1x
WLMS Williams Industrial Services Group
16.5x98.0%US$35.2m
BWMN Bowman Consulting Group
274.5x91.5%US$161.7m
SOL ReneSola
66.4x70.5%US$292.1m
NWPX Northwest Pipe
23x41.9%US$296.3m
LMB Limbach Holdings
7.3x46.0%US$54.9m

Price-To-Earnings vs Peers: LMB is good value based on its Price-To-Earnings Ratio (7.3x) compared to the peer average (95.1x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: LMB is good value based on its Price-To-Earnings Ratio (7.3x) compared to the US Construction industry average (23.4x)


Price to Earnings Ratio vs Fair Ratio

What is LMB'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.

LMB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.3x
Fair PE Ratio27.3x

Price-To-Earnings vs Fair Ratio: LMB is good value based on its Price-To-Earnings Ratio (7.3x) compared to the estimated Fair Price-To-Earnings Ratio (27.3x).


Share Price vs Fair Value

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

Below Fair Value: LMB ($5.27) is trading below our estimate of fair value ($45.5)

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


Price to Earnings Growth Ratio

PEG Ratio: LMB is good value based on its PEG Ratio (0.2x)


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Future Growth

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

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


46.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LMB's forecast earnings growth (46% per year) is above the savings rate (1.9%).

Earnings vs Market: LMB's earnings (46% per year) are forecast to grow faster than the US market (13.6% per year).

High Growth Earnings: LMB's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: LMB's revenue (6.2% per year) is forecast to grow slower than the US market (8.2% per year).

High Growth Revenue: LMB's revenue (6.2% 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 LMB's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Limbach Holdings performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


61.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: LMB has a high level of non-cash earnings.

Growing Profit Margin: LMB's current net profit margins (1.5%) are higher than last year (0.7%).


Past Earnings Growth Analysis

Earnings Trend: LMB has become profitable over the past 5 years, growing earnings by 61.3% per year.

Accelerating Growth: LMB's earnings growth over the past year (109.1%) exceeds its 5-year average (61.3% per year).

Earnings vs Industry: LMB earnings growth over the past year (109.1%) exceeded the Construction industry -0.1%.


Return on Equity

High ROE: LMB's Return on Equity (8.6%) is considered low.


Discover strong past performing companies

Financial Health

How is Limbach Holdings's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: LMB's short term assets ($210.0M) exceed its short term liabilities ($141.6M).

Long Term Liabilities: LMB's short term assets ($210.0M) exceed its long term liabilities ($52.5M).


Debt to Equity History and Analysis

Debt Level: LMB's net debt to equity ratio (27.7%) is considered satisfactory.

Reducing Debt: LMB's debt to equity ratio has reduced from 57.7% to 48.5% over the past 5 years.

Debt Coverage: LMB's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: LMB's interest payments on its debt are well covered by EBIT (7.4x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as LMB has not reported any payouts.


Discover strong dividend paying companies

Management

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

2.8yrs

Average management tenure


CEO

Charlie Bacon (62 yo)

6yrs

Tenure

US$1,448,454

Compensation

Mr. Charles A. Bacon, III, also known as Charlie, has been the Chief Executive Officer and President of Limbach Holdings, Inc. since July 20, 2016. Mr. Bacon also serves as Chief Legal Officer and Secretar...


CEO Compensation Analysis

Compensation vs Market: Charlie's total compensation ($USD1.45M) is above average for companies of similar size in the US market ($USD799.15K).

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


Leadership Team

Experienced Management: LMB's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: LMB's board of directors are considered experienced (4.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: LMB 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

Limbach Holdings, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Limbach Holdings, Inc.
  • Ticker: LMB
  • Exchange: NasdaqCM
  • Founded: 1901
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Implied Market Cap: US$54.930m
  • Shares outstanding: 10.42m
  • Website: https://www.limbachinc.com

Number of Employees


Location

  • Limbach Holdings, Inc.
  • 1251 Waterfront Place
  • Suite 201
  • Pittsburgh
  • Pennsylvania
  • 15222
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/04 00:00
End of Day Share Price2022/07/01 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.