Black Diamond (BDI) AI Stock Analysis

• Market Cap: C$808.53M
• Dividend Yield: 1.15%
• Average Volume (3M): 70.78K
• Price to Earnings (P/E): 22.6
• Beta (1Y): 1.02
• Revenue Growth: 13.22%
• EPS Growth: 3.33%
• Country: CA
• Employees: 507
• Sector: Industrials
• Sector Strength: 72
• Industry: Rental & Leasing Services
• EPS (TTM): 0.15
• Shares Outstanding: 66,875,830
• 10 Day Avg. Volume: 66,488
• 30 Day Avg. Volume: 70,782
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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$14.00
• Price Target Upside: 19.35% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 75 Outperform
• Price Target: C$13.00 ▲(10.83% Upside)

Black Diamond's strong financial performance and positive earnings call are the most significant factors driving the score. The company's robust cash flow and strategic growth initiatives provide a solid foundation. Technical indicators suggest a positive trend, though caution is advised. Valuation is reasonable but not exceptionally attractive.

Positive Factors

Revenue Growth

The consistent revenue growth indicates strong market demand and effective sales strategies, supporting long-term business expansion and stability.

Cash Flow Generation

Strong cash flow generation enhances financial flexibility, enabling strategic investments and debt servicing, crucial for sustained growth.

Modular Space Solutions Growth

The growth in Modular Space Solutions demonstrates successful market penetration and product demand, contributing to revenue diversification.

Negative Factors

Rising Debt Levels

Despite liquidity, rising debt levels could strain financial resources, limiting flexibility and increasing risk if not managed effectively.

ERP Implementation Risk

The ERP project involves significant investment and operational risk, potentially impacting financial performance and resource allocation.

Decline in WFS Sales Revenue

The decline in WFS sales revenue suggests challenges in this segment, potentially affecting overall revenue and necessitating strategic adjustments.

Black Diamond Business Overview & Revenue Model

Company Description

Black Diamond, Inc. (BDI) is a leading company in the outdoor equipment and apparel industry, specializing in products for climbing, skiing, and mountain sports. The company designs, manufactures, and markets a range of high-performance gear, including climbing harnesses, carabiners, helmets, gloves, and clothing, catering to outdoor enthusiasts and professional athletes worldwide.

How the Company Makes Money

Black Diamond, Inc. generates revenue primarily through the sale of its outdoor equipment and apparel. The company's revenue model is structured around direct sales through its online platform and retail stores, as well as wholesale distribution to specialty outdoor retailers and major sporting goods chains. Key revenue streams include the sale of climbing gear, skiing equipment, and technical apparel. Black Diamond also benefits from strategic partnerships and sponsorships with professional athletes who endorse and use their products, enhancing brand visibility and reputation. Seasonal demand and innovation in product development significantly contribute to its earnings, with a focus on maintaining quality and meeting the specific needs of outdoor sports enthusiasts.

Black Diamond Financial Statement Overview

Summary

Black Diamond demonstrates strong financial health with consistent revenue growth and solid profitability margins. The balance sheet is stable, though rising debt levels warrant attention. Cash flow generation is particularly impressive, providing a solid foundation for future investments and debt servicing.

Income Statement

Black Diamond has shown consistent revenue growth, with a TTM growth rate of 2.29%. The company maintains healthy margins, with a gross profit margin of 40.64% and a net profit margin of 6.96% in the TTM. EBIT and EBITDA margins are also strong at 13.60% and 25.33%, respectively. However, there is a slight decline in gross profit margin compared to the previous year, which could indicate rising costs or pricing pressures.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.80, indicating moderate leverage. The return on equity is 9.58%, showing effective use of equity to generate profits. The equity ratio stands at 41.83%, suggesting a balanced capital structure. However, the increase in total debt over the years could pose a risk if not managed carefully.

Cash Flow

Cash flow performance is robust, with a significant free cash flow growth rate of 304.78% in the TTM. The operating cash flow to net income ratio is 1.30, indicating strong cash generation relative to net income. The free cash flow to net income ratio is lower at 0.07, but this is offset by the substantial growth in free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	441.52M	403.00M	393.50M	324.54M	339.55M	179.86M
Gross Profit	184.19M	183.77M	174.45M	138.14M	111.63M	72.21M
EBITDA	113.05M	102.53M	98.81M	84.27M	61.23M	35.83M
Net Income	31.71M	25.65M	30.36M	26.38M	20.36M	-2.39M
Balance Sheet
Total Assets	761.51M	748.55M	647.64M	649.44M	530.34M	511.89M
Cash, Cash Equivalents and Short-Term Investments	8.58M	13.32M	6.51M	8.31M	4.56M	3.68M
Total Debt	267.08M	262.66M	211.74M	249.06M	179.68M	198.56M
Total Liabilities	439.32M	421.50M	353.68M	376.90M	283.54M	285.21M
Stockholders Equity	318.62M	323.19M	290.08M	268.53M	234.46M	212.71M
Cash Flow
Free Cash Flow	34.45M	2.14M	63.91M	16.55M	33.26M	14.06M
Operating Cash Flow	121.81M	111.36M	133.00M	70.79M	71.14M	50.03M
Investing Cash Flow	-90.85M	-112.25M	-68.59M	-101.94M	-33.63M	-109.85M
Financing Cash Flow	-36.19M	7.53M	-65.88M	34.51M	-36.56M	59.04M

Black Diamond Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.73
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 11.73 is above the 20-day moving average (MA) of 11.59, above the 50-day MA of 11.47, and above the 200-day MA of 9.54, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 61.58 is Neutral, neither overbought nor oversold. The STOCH value of 68.21 is Neutral, 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
DIV	77 Outperform	C$564.97M	21.72	9.64%	6.92%	7.68%	-20.47%
BDI	75 Outperform	C$808.53M	22.64	10.23%	1.15%	13.22%	3.33%
WJX	73 Outperform	C$507.72M	14.18	6.93%	5.96%	2.19%	-48.80%
DXT	72 Outperform	C$585.07M	17.03	14.80%	3.72%	-5.62%	88.69%
Sector *	64 Neutral	$10.84B	15.28	7.40%	1.99%	2.87%	-14.59%
CHR	50 Neutral	C$506.59M	―	2.81%	0.41%	-16.92%	77.04%
AFN	44 Neutral	C$732.64M	26.96	-2.30%	1.53%	-5.64%	-121.91%

Black Diamond Corporate Events

Black Diamond Group Reports Strong Q2 2025 Results and Declares Dividend

Black Diamond Group Limited reported a strong second quarter in 2025, with a 9% increase in consolidated rental revenue and a 23% rise in profit compared to the previous year. The company declared a dividend and completed a public offering, enhancing its financial position and liquidity. The outlook remains stable with anticipated growth opportunities, driven by increased rental rates and asset investments, particularly in the Modular Space Solutions segment.

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 Closes $42.38 Million Public Offering to Bolster Growth

Black Diamond Group Limited has successfully closed a $42.38 million bought deal public offering of common shares, led by a syndicate of underwriters. The proceeds will be used to reduce the company’s indebtedness and potentially fund capital expenditures, strategic acquisitions, and organic growth initiatives. This move is expected to strengthen Black Diamond’s financial position and support its expansion in the modular space rentals and workforce accommodation 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 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.