Black Diamond (BDI) AI Stock Analysis

• Market Cap: C$636.28M
• Dividend Yield: 1.36%
• Average Volume (3M): 56.32K
• Price to Earnings (P/E): 20.9
• Beta (1Y): 0.98
• Revenue Growth: 11.92%
• EPS Growth: 7.99%
• Country: CA
• Employees: 507
• Sector: Industrials
• Sector Strength: 89
• Industry: Rental & Leasing Services
• EPS (TTM): 0.09
• Shares Outstanding: 62,076,054
• 10 Day Avg. Volume: 110,676
• 30 Day Avg. Volume: 56,319
• PEG Ratio: 0.38
• Price to Book (P/B): 1.06
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 17.27
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$12.00
• Price Target Upside: 17.07% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 78 Outperform
• Price Target: C$11.50 ▲(12.20%Upside)

Black Diamond Group's strong financial performance and technical indicators, along with positive earnings call insights and corporate events, contribute to an above-average stock score. Its high P/E ratio suggests some valuation concerns, but robust growth metrics and strategic initiatives support a positive outlook.

Positive Factors

Dividend Increase

BDI increased its quarterly dividend by 17%, indicating strong financial health and a commitment to returning value to shareholders.

Market Position

BDI trades toward the bottom end of its peers' range, suggesting potential for valuation growth.

Revenue Growth

BDI's rental platform, Modular Space Solutions, reported record revenue driven by increased average rental rates and ongoing fleet growth.

Negative Factors

EBITDA Margins

Workforce Solutions segment experienced a decline in EBITDA margins, which were down approximately 500 basis points quarter over quarter.

Project Delays

Slower WFS project ramp-up to weigh on near-term rental revenues.

Black Diamond Business Overview & Revenue Model

Company Description

Black Diamond Group Limited rents and sells modular space and workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in the construction, real estate development, education, manufacturing, health care, financial, government, and defense industries in North America. Its products include office units, lavatories, storage units, large multi-unit office complexes, classroom facilities, banking and health care facilities, custom manufactured modular facilities, and blast resistant structures. This segment also sells new and used space rentals units; and provides delivery, installation, project management, and ancillary products and services. The Workforce Solutions segment provides workforce housing solutions, including rental of accommodations and surface equipment, and provision of turnkey lodging and travel management logistics services in Canada, the United States, and Australia. This segment also provides associated services, such as installation, transportation, dismantlement, and sale of used fleet assets. This segment primarily serves the resource, infrastructure, construction, disaster recovery, and education sectors. company also provides specialized field rentals to oil and gas industries. Black Diamond Group Limited markets its rental assets, custom sales, and ancillary products and services through in-house sales personnel, its website, social media, web campaigns, and its digital marketplace. The company was founded in 2003 and is headquartered in Calgary, Canada.

How the Company Makes Money

Black Diamond makes money primarily through the sale of its high-performance gear and apparel. Its revenue streams include direct-to-consumer sales via its website and retail locations, as well as wholesale distribution partnerships with a global network of specialty outdoor retailers. The company benefits from strategic partnerships and sponsorships within the outdoor and sports communities, enhancing its brand visibility and market reach. Additionally, Black Diamond invests in research and development to continuously innovate its product lines, ensuring a competitive edge in the market.

Black Diamond Financial Statement Overview

Summary

Black Diamond exhibits robust financial performance with strong revenue growth and efficient operations. The balance sheet reflects a solid equity position, albeit with increased leverage. Cash flow management is commendable, ensuring liquidity amidst growth investments. The company is well-positioned for future expansion, although managing debt levels will be crucial to sustain long-term stability.

Income Statement

The company demonstrates a solid revenue growth trajectory with a notable increase in revenue from $324.5M in 2022 to $431.6M TTM, representing a strong growth rate. Gross profit margin remains healthy at approximately 40.6% TTM, indicating efficient cost management. However, there is a slight decline in gross profit compared to the previous year, potentially impacting future profitability. Net profit margin is stable at around 7%, supported by consistent EBIT and EBITDA margins, illustrating sound operational efficiency.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.8, suggesting manageable leverage. Stockholders' equity grew steadily, enhancing the equity ratio to about 42.9% TTM, indicating a strong capital structure. However, total debt has increased to $257.6M, which could pose risks if cash flows fluctuate. The company's assets also increased, supporting its growth strategy.

Cash Flow

The company shows strong cash flow management with significant operating cash flow of $116.9M TTM, covering its capital expenditures. Free cash flow growth is remarkable, moving from $2.1M in 2024 to $8.5M TTM, indicating improving liquidity. The operating cash flow to net income ratio is robust, suggesting effective conversion of earnings into cash. However, the high capital expenditure might pressure future free cash flow unless revenue growth continues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	431.62M	403.00M	393.50M	324.54M	339.55M	179.86M
Gross Profit	175.41M	183.77M	174.45M	138.14M	111.63M	72.21M
EBITDA	109.33M	102.53M	98.81M	84.27M	61.23M	35.83M
Net Income	30.02M	25.65M	30.36M	26.38M	20.36M	-2.39M
Balance Sheet
Total Assets	753.26M	748.55M	647.64M	649.44M	530.34M	511.89M
Cash, Cash Equivalents and Short-Term Investments	12.72M	13.32M	6.51M	8.31M	4.56M	3.68M
Total Debt	257.57M	262.66M	211.74M	249.06M	179.68M	198.56M
Total Liabilities	426.37M	421.50M	353.68M	376.90M	283.54M	285.21M
Stockholders Equity	323.28M	323.19M	290.08M	268.53M	234.46M	212.71M
Cash Flow
Free Cash Flow	8.51M	2.14M	63.91M	16.55M	33.26M	14.06M
Operating Cash Flow	116.85M	111.36M	133.00M	70.79M	71.14M	50.03M
Investing Cash Flow	-113.36M	-112.25M	-68.59M	-101.94M	-33.63M	-109.85M
Financing Cash Flow	-3.17M	7.53M	-65.88M	34.51M	-36.56M	59.04M

Black Diamond Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 10.25
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BDI, the sentiment is Positive. The current price of 10.25 is above the 20-day moving average (MA) of 9.76, above the 50-day MA of 9.43, and above the 200-day MA of 8.99, indicating a bullish trend. The MACD of 0.24 indicates Negative momentum. The RSI at 69.49 is Neutral, neither overbought nor oversold. The STOCH value of 88.71 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BDI.

Black Diamond Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BDI	78 Outperform	C$636.28M	20.89	9.73%	1.36%	11.92%	7.99%
DIV	74 Outperform	C$505.70M	19.95	9.37%	7.67%	10.66%	-27.12%
WJX	73 Outperform	C$505.21M	12.32	8.09%	6.00%	-2.65%	-47.65%
DXT	72 Outperform	C$580.73M	18.48	15.03%	3.75%	-10.24%	-23.79%
AFN	70 Outperform	C$797.28M	26.96	-12.61%	1.41%	-7.86%	-171.51%
Sector *	63 Neutral	kr59.42B	13.29	1.88%	8.08%	0.78%	-4.41%
CHR	59 Neutral	C$574.93M	―	-0.09%	―	-17.58%	-703.93%

Black Diamond Corporate Events

Black Diamond Files Final Prospectus for $36.85 Million Public Offering

Black Diamond Group Limited has filed a final short form prospectus for a $36.85 million public offering of common shares in Canada, excluding Québec. This move, led by Raymond James Ltd., is part of the company’s strategy to strengthen its financial position and expand its market presence. The offering is not registered under U.S. securities laws and is not available for sale in the United States. This development is expected to enhance Black Diamond’s operational capabilities and industry positioning, potentially benefiting stakeholders by increasing the company’s capacity to serve its diverse customer base across various sectors.

The most recent analyst rating on (TSE:BDI) stock is a Buy with a C$14.00 price target. To see the full list of analyst forecasts on Black Diamond stock, see the TSE:BDI Stock Forecast page.

Black Diamond Group Sets Date for Q2 2025 Earnings Release and Call

Black Diamond Group Limited announced the schedule for its second quarter 2025 financial results release and conference call. The company will release its earnings after markets close on August 7, 2025, followed by a conference call on August 8, 2025, where CEO Trevor Haynes and CFO Toby LaBrie will discuss the results. This announcement is significant for stakeholders as it provides an opportunity to gain insights into the company’s financial performance and strategic direction.

The most recent analyst rating on (TSE:BDI) stock is a Buy with a C$14.00 price target. To see the full list of analyst forecasts on Black Diamond stock, see the TSE:BDI Stock Forecast page.

Black Diamond Announces $36.85 Million Public Offering to Boost Growth

Black Diamond Group Limited has announced a $36.85 million bought deal public offering of common shares, with Raymond James Ltd. as the lead underwriter. The proceeds from this offering will be used for capital expenditures, strategic acquisitions, organic growth initiatives, debt reduction, and general corporate purposes. The offering is expected to close by July 16, 2025, subject to necessary approvals. This move is poised to strengthen Black Diamond’s financial position and support its growth strategies across its operating regions.

The most recent analyst rating on (TSE:BDI) stock is a Buy with a C$14.00 price target. To see the full list of analyst forecasts on Black Diamond stock, see the TSE:BDI Stock Forecast page.

Black Diamond Releases 2025 Corporate Responsibility Report Highlighting ESG Commitment

Black Diamond Group Limited has released its 2025 Corporate Responsibility Report, emphasizing its commitment to environmental, social, and governance matters. The report highlights the company’s progress in emissions reduction, safety, and community investment, showcasing its values-based culture and commitment to continuous improvement. Black Diamond’s strategic focus on corporate responsibility is designed to drive growth, profitability, and value for stakeholders, aligning with industry standards and enhancing its market position.

The most recent analyst rating on (TSE:BDI) stock is a Buy with a C$10.50 price target. To see the full list of analyst forecasts on Black Diamond stock, see the TSE:BDI Stock Forecast page.

Black Diamond Group Secures Strong Shareholder Support at 2025 Annual Meeting

Black Diamond Group Limited announced the successful approval of all resolutions at its 2025 Annual Meeting, with a significant shareholder turnout of approximately 65.64%. The meeting saw the election of directors and the appointment of Ernst & Young LLP as auditors, reflecting strong shareholder support and confidence in the company’s governance. This development is likely to bolster Black Diamond’s operational stability and enhance its positioning in the specialty rentals and industrial services industry.

The most recent analyst rating on (TSE:BDI) stock is a Buy with a C$10.50 price target. To see the full list of analyst forecasts on Black Diamond stock, see the TSE:BDI Stock Forecast page.

Black Diamond Group Reports Strong Q1 2025 Results and Declares Dividend

Black Diamond Group Limited reported a significant increase in its first quarter 2025 financial results, with a 287% rise in profit and a 400% increase in basic earnings per share compared to the previous year. The company saw substantial growth in both its Modular Space Solutions (MSS) and Workforce Solutions (WFS) segments, with MSS achieving a record rental revenue and WFS revenue increasing by 45%. The company also expanded its credit facility and reduced long-term debt, positioning itself for continued growth and value creation.