Limbach Holdings, Inc. provides commercial specialty contract services in the United States.
Moderate growth potential and slightly overvalued.
Share Price & News
How has Limbach Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LMB's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: LMB underperformed the US Construction industry which returned -25.1% over the past year.
Return vs Market: LMB underperformed the US Market which returned -10.4% over the past year.
Price Volatility Vs. Market
How volatile is Limbach Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StWhat Kind Of Shareholder Owns Most Limbach Holdings, Inc. (NASDAQ:LMB) Stock?
1 month ago | Simply Wall StIs Limbach Holdings, Inc.’s (NASDAQ:LMB) 12% Return On Capital Employed Good News?
1 month ago | Simply Wall StIs Limbach Holdings, Inc.'s (NASDAQ:LMB) CEO Being Overpaid?
Is Limbach Holdings undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: LMB ($2.69) is trading above our estimate of fair value ($0.17)
Significantly Below Fair Value: LMB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LMB is poor value based on its PE Ratio (34x) compared to the Construction industry average (10.9x).
PE vs Market: LMB is poor value based on its PE Ratio (34x) compared to the US market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: LMB is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: LMB is good value based on its PB Ratio (0.5x) compared to the US Construction industry average (1.2x).
How is Limbach Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LMB's forecast earnings growth (209.3% per year) is above the savings rate (1.7%).
Earnings vs Market: LMB's earnings (209.3% per year) are forecast to grow faster than the US market (12.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: LMB's revenue (5.2% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: LMB's revenue (5.2% 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
How has Limbach Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LMB has a large one-off loss of $5.6M impacting its September 30 2019 financial results.
Growing Profit Margin: LMB became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: LMB has become profitable over the past 5 years, growing earnings by -36.6% per year.
Accelerating Growth: LMB has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: LMB has become profitable in the last year, making it difficult to compare its past year earnings growth to the Construction industry (23.5%).
Return on Equity
High ROE: LMB's Return on Equity (1.3%) is considered low.
How is Limbach Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: LMB's short term assets ($195.2M) exceed its short term liabilities ($154.8M).
Long Term Liabilities: LMB's short term assets ($195.2M) exceed its long term liabilities ($41.5M).
Debt to Equity History and Analysis
Debt Level: LMB's debt to equity ratio (95.9%) is considered high.
Reducing Debt: Insufficient data to determine if LMB's debt to equity ratio has reduced over the past 5 years.
Inventory Level: LMB has a low level of unsold assets or inventory.
Debt Coverage by Assets: LMB's debt is covered by short term assets (assets are 4.5x 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: LMB is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: LMB is profitable, therefore cash runway is not a concern.
What is Limbach Holdings's current dividend yield, its reliability and sustainability?
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 payouts.
High Dividend: Unable to evaluate LMB'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 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.
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 LMB's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Charlie Bacon (59yo)
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 serves as Chief Executive Officer and President ...
CEO Compensation Analysis
Compensation vs Market: Charlie's total compensation ($USD854.43K) is above average for companies of similar size in the US market ($USD602.37K).
Compensation vs Earnings: Charlie's compensation has been consistent with company performance over the past year.
|Executive VP & CFO||0.50yr||no data||0.065% $14.3k|
|Chief Operating Officer||0.42yr||no data||0.15% $33.4k|
|General Counsel||14.25yrs||no data||no data|
|Vice President of People & Culture||2.58yrs||no data||no data|
|Executive Vice President of M&A and Capital Markets||2.58yrs||US$53.28k||no data|
|Executive Vice President of Service||no data||no data||no data|
|Chief Learning Officer & Senior VP||4.25yrs||no data||no data|
|President of Limbach Engineering & Design Services||no data||no data||no data|
|Senior Associate||no data||no data||no data|
Experienced Management: LMB's management team is considered experienced (2.4 years average tenure).
|Independent Director||3.75yrs||US$109.41k||0.22% $49.3k|
|Independent Chairman of the Board||3.75yrs||US$126.32k||1.5% $328.2k|
|Independent Director||6yrs||US$119.58k||0.21% $46.7k|
|Independent Director||2.58yrs||US$116.51k||0.51% $111.4k|
|Independent Director||1.08yrs||no data||0.014% $3.0k|
|Independent Director||1.83yrs||US$74.56k||0.042% $9.1k|
Experienced Board: LMB's board of directors are considered experienced (3.7 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Limbach Holdings, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Limbach Holdings, Inc.
- Ticker: LMB
- Exchange: NasdaqCM
- Founded: 1901
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: US$21.914m
- Shares outstanding: 7.69m
- Website: https://www.limbachinc.com
Number of Employees
- Limbach Holdings, Inc.
- 1251 Waterfront Place
- Suite 201
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TFSC.U||NasdaqCM (Nasdaq Capital Market)||Old Units||US||USD||Jul 2014|
|LMB||NasdaqCM (Nasdaq Capital Market)||Yes||Common Stock||US||USD||Aug 2014|
Limbach Holdings, Inc. provides commercial specialty contract services in the United States. It operates in two segments, Construction and Service. The company provides services in the areas of heating, ventilation, air-conditioning (HVAC), plumbing, electrical, and building controls for the design and construction of new and renovated buildings; maintenance services; and equipment upgrades. Its facility services comprise mechanical construction, HVAC service and maintenance, energy audits and retrofits, engineering and design build, constructability evaluation, equipment and materials selection, offsite/prefab construction, and sustainable building solutions and practices. The company’s customers include healthcare facilities; colleges, universities, research centers, and K-12 public and private facilities; casinos and amusement ride facilities, as well as sports arenas and related facilities; passenger terminals and maintenance facilities for rail and airports; government facilities comprising federal, state, and local agencies; hotels and resorts; corporate and commercial office buildings; residential multifamily apartment buildings; mission critical facilities, including data centers; and industrial manufacturing facilities. It serves customers primarily located in Florida, California, Massachusetts, New Jersey, Pennsylvania, Delaware, Maryland, Washington DC, Virginia, West Virginia, Ohio, and Michigan. Limbach Holdings, Inc. was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/01 07:05|
|End of Day Share Price||2020/03/31 00:00|
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.