BIRD CONSTRUCTION INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 19.14 CAD | +1.11% |
|
+2.41% | +32.92% |
| Mar. 08 | Bird Construction Price Target Raised to $22 at TD | MT |
| Mar. 07 | Bird Construction Maintained at Buy at Stifel GMP After Q4 Results; Price Target Raised to C$24.00 | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 304 | 424.3 | 527.3 | 436 | 774.4 | 1,031 | - |
| Enterprise Value (EV) 1 | 304 | 363.2 | 495.1 | 409.7 | 704.3 | 1,061 | 1,025 |
| P/E ratio | 32.5 x | 10 x | 12.3 x | 8.73 x | 10.8 x | 10.9 x | 9.27 x |
| Yield | - | 4.88% | 3.97% | 4.8% | 2.92% | 2.82% | 3.01% |
| Capitalization / Revenue | 0.22 x | 0.28 x | 0.24 x | 0.18 x | 0.28 x | 0.33 x | 0.31 x |
| EV / Revenue | 0.22 x | 0.24 x | 0.22 x | 0.17 x | 0.25 x | 0.34 x | 0.31 x |
| EV / EBITDA | 9.41 x | 4.43 x | 4.58 x | 4.05 x | 5.08 x | 6.1 x | 5.18 x |
| EV / FCF | -5.73 x | 2.93 x | 17.9 x | 18.6 x | 14.3 x | 16.2 x | 12.4 x |
| FCF Yield | -17.5% | 34.1% | 5.59% | 5.39% | 6.97% | 6.17% | 8.1% |
| 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 | 19.14 | 19.14 |
| 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 | 3,121 | 3,358 |
| EBITDA 1 | 32.29 | 81.94 | 108.1 | 101.2 | 138.7 | 173.8 | 198.2 |
| EBIT 1 | 16.48 | 60.24 | 63.86 | 66.66 | 101.2 | 131.7 | 153.6 |
| Operating Margin | 1.2% | 4% | 2.88% | 2.8% | 3.61% | 4.22% | 4.58% |
| Earnings before Tax (EBT) 1 | 11.96 | 49.32 | 57.63 | 67.18 | 93.23 | 129 | 152.1 |
| Net income 1 | 9.484 | 36.1 | 42.78 | 49.86 | 71.54 | 95.15 | 111.5 |
| Net margin | 0.69% | 2.4% | 1.93% | 2.1% | 2.56% | 3.05% | 3.32% |
| EPS 2 | 0.2200 | 0.8000 | 0.8000 | 0.9300 | 1.330 | 1.754 | 2.065 |
| Free Cash Flow 1 | -53.06 | 123.9 | 27.68 | 22.08 | 49.12 | 65.42 | 83.02 |
| FCF margin | -3.86% | 8.23% | 1.25% | 0.93% | 1.76% | 2.1% | 2.47% |
| FCF Conversion (EBITDA) | - | 151.16% | 25.6% | 21.82% | 35.4% | 37.63% | 41.9% |
| FCF Conversion (Net income) | - | 343.07% | 64.71% | 44.28% | 68.66% | 68.76% | 74.49% |
| Dividend per Share 2 | - | 0.3900 | 0.3900 | 0.3900 | 0.4200 | 0.5401 | 0.5768 |
| 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 Q3 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 621.2 | 597.8 | 475.5 | 576.7 | 668.2 | 657.2 | 536.5 | 686.4 | 783.8 | 792.1 | 604.8 | 756.6 | 864.8 | 874.8 | 650.2 |
| EBITDA 1 | 28.58 | 28.4 | 17.84 | 21.51 | 31.2 | 30.64 | 16.08 | 29.46 | 49.34 | 43.87 | 23.69 | 37.74 | 57.75 | 54.72 | 27.87 |
| EBIT 1 | 19.62 | 15.08 | 9.849 | 12.57 | 21.82 | 22.42 | 8.354 | 19.47 | 39.04 | 34.31 | 12.8 | 26 | 44.9 | 44.6 | 16.8 |
| Operating Margin | 3.16% | 2.52% | 2.07% | 2.18% | 3.27% | 3.41% | 1.56% | 2.84% | 4.98% | 4.33% | 2.12% | 3.44% | 5.19% | 5.1% | 2.58% |
| Earnings before Tax (EBT) 1 | 16.27 | 13.62 | 8.342 | 19.24 | 19.21 | 20.39 | 6.733 | 17.8 | 37.43 | 31.27 | 12.62 | 26.46 | 46.23 | 42.69 | - |
| Net income 1 | 12.12 | 9.917 | 6.361 | 14.1 | 14.47 | 14.93 | 5.149 | 13.71 | 28.8 | 23.88 | 9.233 | 19.41 | 33.97 | 31.92 | 10.8 |
| Net margin | 1.95% | 1.66% | 1.34% | 2.45% | 2.17% | 2.27% | 0.96% | 2% | 3.67% | 3.02% | 1.53% | 2.57% | 3.93% | 3.65% | 1.66% |
| EPS 2 | 0.2300 | 0.1800 | 0.1200 | 0.2600 | 0.2700 | 0.2800 | 0.1000 | 0.2600 | 0.5400 | 0.4400 | 0.1660 | 0.3680 | 0.6420 | 0.5780 | 0.2000 |
| Dividend per Share | 0.0975 | 0.0975 | 0.0975 | 0.1025 | 0.0975 | 0.0975 | 0.1000 | 0.1100 | - | - | - | - | - | - | - |
| Announcement Date | 11/9/21 | 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 | - | - | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | 29.5 | - |
| Net Cash position 1 | - | 61.1 | 32.2 | 26.3 | 70 | - | 6 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | 0.1697 x | - |
| Free Cash Flow 1 | -53.1 | 124 | 27.7 | 22.1 | 49.1 | 65.4 | 83 |
| ROE (net income / shareholders' equity) | 7.19% | 24.4% | 22.3% | 17.8% | 24.9% | 27.3% | 27.1% |
| 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 | 1.620 | 2.550 |
| Capex 1 | 13.6 | 5.09 | 8.14 | 21.3 | 26.7 | 32.3 | 33.2 |
| Capex / Sales | 0.99% | 0.34% | 0.37% | 0.9% | 0.95% | 1.03% | 0.99% |
| 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-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
19.14
CAD
Average target price
21.31
CAD
Spread / Average Target
+11.35%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +32.92% | 754M | |
| -2.29% | 67.67B | |
| +2.13% | 59.37B | |
| +21.25% | 38.3B | |
| +11.23% | 30.73B | |
| +2.06% | 26.35B | |
| +22.89% | 22.01B | |
| +15.06% | 19.47B | |
| +22.99% | 17.6B | |
| +64.33% | 16.64B |
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- Financials Bird Construction Inc.
