Financials Bird Construction Inc.

Equities

BDT

CA09076P1045

Construction & Engineering

Market Closed - Toronto S.E. 16:00:00 2024-05-31 EDT 5-day change 1st Jan Change
21.66 CAD +0.50% Intraday chart for Bird Construction Inc. +1.26% +50.42%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 304 424.3 527.3 436 774.4 1,167 -
Enterprise Value (EV) 1 304 363.2 495.1 409.7 704.3 1,278 1,204
P/E ratio 32.5 x 10 x 12.3 x 8.73 x 10.8 x 11.7 x 9.37 x
Yield - 4.88% 3.97% 4.8% 2.92% 2.44% 2.66%
Capitalization / Revenue 0.22 x 0.28 x 0.24 x 0.18 x 0.28 x 0.36 x 0.34 x
EV / Revenue 0.22 x 0.24 x 0.22 x 0.17 x 0.25 x 0.4 x 0.35 x
EV / EBITDA 9.41 x 4.43 x 4.58 x 4.05 x 5.08 x 7.05 x 5.57 x
EV / FCF -5.73 x 2.93 x 17.9 x 18.6 x 14.3 x 9.22 x 12 x
FCF Yield -17.5% 34.1% 5.59% 5.39% 6.97% 10.9% 8.35%
Price to Book - - - - - - -
Nbr of stocks (in thousands) 42,517 53,039 53,695 53,695 53,775 53,892 -
Reference price 2 7.150 8.000 9.820 8.120 14.40 21.66 21.66
Announcement Date 3/10/20 3/9/21 3/8/22 3/7/23 3/5/24 - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 1,376 1,504 2,220 2,378 2,799 3,210 3,476
EBITDA 1 32.29 81.94 108.1 101.2 138.7 181.2 216
EBIT 1 16.48 60.24 63.86 66.66 101.2 135.8 161.1
Operating Margin 1.2% 4% 2.88% 2.8% 3.61% 4.23% 4.63%
Earnings before Tax (EBT) 1 11.96 49.32 57.63 67.18 93.23 135.8 172.4
Net income 1 9.484 36.1 42.78 49.86 71.54 99.7 124.2
Net margin 0.69% 2.4% 1.93% 2.1% 2.56% 3.11% 3.57%
EPS 2 0.2200 0.8000 0.8000 0.9300 1.330 1.851 2.312
Free Cash Flow 1 -53.06 123.9 27.68 22.08 49.12 138.7 100.5
FCF margin -3.86% 8.23% 1.25% 0.93% 1.76% 4.32% 2.89%
FCF Conversion (EBITDA) - 151.16% 25.6% 21.82% 35.4% 76.54% 46.55%
FCF Conversion (Net income) - 343.07% 64.71% 44.28% 68.66% 139.12% 80.92%
Dividend per Share 2 - 0.3900 0.3900 0.3900 0.4200 0.5291 0.5767
Announcement Date 3/10/20 3/9/21 3/8/22 3/7/23 3/5/24 - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 597.8 475.5 576.7 668.2 657.2 536.5 686.4 783.8 792.1 688.2 774.3 873.1 876 719.2 836.2
EBITDA 1 28.4 17.84 21.51 31.2 30.64 16.08 29.46 49.34 43.87 24.38 39.13 59.46 56.59 33.1 45.17
EBIT 1 15.08 9.849 12.57 21.82 22.42 8.354 19.47 39.04 34.31 15.05 25.9 47 47.9 17.7 31
Operating Margin 2.52% 2.07% 2.18% 3.27% 3.41% 1.56% 2.84% 4.98% 4.33% 2.19% 3.35% 5.38% 5.47% 2.46% 3.71%
Earnings before Tax (EBT) 1 13.62 8.342 19.24 19.21 20.39 6.733 17.8 37.43 31.27 13.34 28.79 48.62 45.16 - -
Net income 1 9.917 6.361 14.1 14.47 14.93 5.149 13.71 28.8 23.88 9.984 20.03 35.42 33.55 11.3 21.3
Net margin 1.66% 1.34% 2.45% 2.17% 2.27% 0.96% 2% 3.67% 3.02% 1.45% 2.59% 4.06% 3.83% 1.57% 2.55%
EPS 2 0.1800 0.1200 0.2600 0.2700 0.2800 0.1000 0.2600 0.5400 0.4400 0.1900 0.3740 0.6660 0.6040 0.2520 0.4740
Dividend per Share 0.0975 0.0975 0.1025 0.0975 0.0975 0.1000 0.1100 - - - - - - - -
Announcement Date 3/8/22 5/10/22 8/9/22 11/8/22 3/7/23 5/9/23 8/9/23 11/7/23 3/5/24 5/14/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - 111 36.6
Net Cash position 1 - 61.1 32.2 26.3 70 - -
Leverage (Debt/EBITDA) - - - - - 0.6126 x 0.1695 x
Free Cash Flow 1 -53.1 124 27.7 22.1 49.1 139 101
ROE (net income / shareholders' equity) 7.19% 24.4% 22.3% 17.8% 24.9% 28.2% 27.2%
ROA (Net income/ Total Assets) - - 4.62% 3.89% - - -
Assets 1 - - 925.6 1,282 - - -
Book Value Per Share - - - - - - -
Cash Flow per Share 2 - - 1.930 0.8100 1.410 2.170 2.700
Capex 1 13.6 5.09 8.14 21.3 26.7 32.6 34.9
Capex / Sales 0.99% 0.34% 0.37% 0.9% 0.95% 1.02% 1%
Announcement Date 3/10/20 3/9/21 3/8/22 3/7/23 3/5/24 - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
21.66 CAD
Average target price
23.75 CAD
Spread / Average Target
+9.65%
Consensus
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  4. Financials Bird Construction Inc.