NasdaqCM:LMB

Stock Analysis Report

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Executive Summary

Limbach Holdings, Inc. provides commercial specialty contract services in the United States. More Details


Snowflake Analysis

Proven track record and fair value.

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.


Market Performance


7 Day Return

-1.0%

LMB

0.2%

US Construction

-1.4%

US Market


1 Year Return

106.4%

LMB

5.1%

US Construction

17.8%

US Market

Return vs Industry: LMB exceeded the US Construction industry which returned 5.6% over the past year.

Return vs Market: LMB exceeded the US Market which returned 18.5% over the past year.


Shareholder returns

LMBIndustryMarket
7 Day-1.0%0.2%-1.4%
30 Day11.2%14.3%4.7%
90 Day149.3%21.6%8.2%
1 Year106.4%106.4%5.7%5.1%20.5%17.8%
3 Year-32.9%-32.9%11.8%9.4%42.2%32.7%
5 Year-4.4%-4.4%58.0%52.2%83.4%62.7%

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

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LMB ($9.35) is trading below our estimate of fair value ($423.7)

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


Price To Earnings Ratio

PE vs Industry: LMB is poor value based on its PE Ratio (129.2x) compared to the US Construction industry average (20.6x).

PE vs Market: LMB is poor value based on its PE Ratio (129.2x) compared to the US market (19x).


Price to Earnings Growth Ratio

PEG Ratio: LMB is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: LMB is good value based on its PB Ratio (1.5x) compared to the US Construction industry average (2x).


Next Steps

Future Growth

How is Limbach Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

107.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LMB's forecast earnings growth (107.8% per year) is above the savings rate (2.2%).

Earnings vs Market: LMB's earnings (107.8% per year) are forecast to grow faster than the US market (22.2% per year).

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

Revenue vs Market: LMB's revenue is expected to decline over the next 3 years (-2.6% per year).

High Growth Revenue: LMB's revenue is forecast to decline over the next 3 years (-2.6% 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


Next Steps

Past Performance

How has Limbach Holdings performed over the past 5 years?

-34.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LMB has a large one-off loss of $4.3M impacting its June 30 2020 financial results.

Growing Profit Margin: LMB's current net profit margins (0.1%) are higher than last year (0.08%).


Past Earnings Growth Analysis

Earnings Trend: LMB has become profitable over the past 5 years, growing earnings by -34.8% per year.

Accelerating Growth: LMB's earnings growth over the past year (30.5%) exceeds its 5-year average (-34.8% per year).

Earnings vs Industry: LMB earnings growth over the past year (30.5%) exceeded the Construction industry 17.6%.


Return on Equity

High ROE: LMB's Return on Equity (1.1%) is considered low.


Next Steps

Financial Health

How is Limbach Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: LMB's short term assets ($207.7M) exceed its short term liabilities ($164.8M).

Long Term Liabilities: LMB's short term assets ($207.7M) exceed its long term liabilities ($55.0M).


Debt to Equity History and Analysis

Debt Level: LMB's debt to equity ratio (75%) is considered high.

Reducing Debt: LMB's debt to equity ratio has increased from 2.5% to 75% over the past 5 years.

Debt Coverage: LMB's debt is well covered by operating cash flow (98.8%).

Interest Coverage: LMB's interest payments on its debt are not well covered by EBIT (1.4x coverage).


Balance Sheet


Next Steps

Dividend

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 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.


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.


Next Steps

Management

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

3.1yrs

Average management tenure


CEO

Charlie Bacon (60 yo)

4.25yrs

Tenure

US$821,000

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 ($USD821.00K) is above average for companies of similar size in the US market ($USD589.00K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Charles Bacon
President4.25yrsUS$821.00k5.11%
$ 3.8m
Jayme Brooks
Executive VP & CFO1yrUS$608.11k0.53%
$ 388.3k
Michael McCann
Executive VP & COO0.92yrUS$396.60k0.58%
$ 426.9k
Cristine Leifheit
Vice President of People & Culture3.08yrsno datano data
Samuel Katz
Executive Vice President of M&A and Capital Markets3.08yrsUS$53.28kno data
Scott Wright
General Counsel14.75yrsno datano data
David Leathers
Executive Vice President of Serviceno datano datano data
Shawn Murphy
President of Limbach Engineering and Design Services0.25yrno datano data

3.1yrs

Average Tenure

47yo

Average Age

Experienced Management: LMB's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Charles Bacon
President4.25yrsUS$821.00k5.11%
$ 3.8m
Norbert Young
Independent Director4.25yrsUS$98.56k0.22%
$ 161.7k
Gordon Pratt
Independent Chairman of the Board4.25yrsUS$128.56k1.46%
$ 1.1m
Joshua Horowitz
Independent Director0.58yrno data0.20%
$ 149.6k
Larry Swets
Independent Director6.5yrsUS$118.56k0.21%
$ 153.3k
Michael McNally
Independent Director3.08yrsUS$98.56k0.50%
$ 365.6k
Laurel Krzeminski
Independent Director2.33yrsUS$118.56k0.041%
$ 29.9k

4.3yrs

Average Tenure

60yo

Average Age

Experienced Board: LMB's board of directors are considered experienced (4.3 years average tenure).


Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.2%.


Top Shareholders

Company Information

Limbach Holdings, Inc.'s company bio, 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
  • Market Cap: US$73.717m
  • Shares outstanding: 7.88m
  • Website: https://www.limbachinc.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LMBNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDAug 2014

Biography

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, ve ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/22 00:20
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.