Black Diamond (BDI) AI Stock Analysis

• Market Cap: C$936.26M
• Dividend Yield: 0.94%
• Average Volume (3M): 150.52K
• Price to Earnings (P/E): 23.9
• Beta (1Y): 0.99
• Revenue Growth: 19.27%
• EPS Growth: 47.30%
• Country: CA
• Employees: 507
• Sector: Industrials
• Sector Strength: 72
• Industry: Rental & Leasing Services
• EPS (TTM): 0.18
• Shares Outstanding: 66,875,830
• 10 Day Avg. Volume: 106,824
• 30 Day Avg. Volume: 150,516
• PEG Ratio: -1.40
• Price to Book (P/B): 1.78
• Price to Sales (P/S): 1.42
• P/FCF Ratio: 267.71
• 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$17.50
• Price Target Upside: 24.82% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: C$17.00 ▲(21.26% Upside)

Black Diamond's strong financial performance and positive earnings call sentiment are the most significant factors driving the score. Technical indicators support a bullish outlook, though the stock's valuation suggests it may be overvalued. The company's robust cash flow and dividend increase further enhance its attractiveness, despite some concerns about future contracted revenue.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, enhancing long-term financial stability.

Cash Flow Generation

Robust cash flow generation supports ongoing investments and debt servicing, ensuring sustainable financial health.

Dividend Increase

A consistent dividend increase reflects strong financial performance and commitment to returning value to shareholders.

Negative Factors

Rising Debt Levels

Rising debt levels could strain financial flexibility and increase risk if not managed, impacting long-term stability.

Decrease in Future Contracted Rental Revenue

A decline in future contracted rental revenue may signal potential challenges in securing long-term contracts, affecting future cash flows.

Uncertainty in Education Sector

Uncertainty in the education sector could impact revenue streams and growth potential, particularly in custom sales and rentals.

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 generates revenue primarily through the sale of its outdoor equipment and apparel, which is distributed through various channels including specialty outdoor retailers, online platforms, and international distributors. The company has established key partnerships with retail chains and e-commerce platforms to expand its market reach. In addition to product sales, BDI also benefits from brand loyalty and a strong community presence within the climbing and skiing industries, which drives repeat purchases and customer engagement. Seasonal demand fluctuations, particularly during peak climbing and skiing seasons, contribute to revenue variations. Furthermore, Black Diamond invests in research and development to continually enhance its product offerings, which can lead to increased sales and market share.

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: Neutral
• Last Price: 14.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BDI, the sentiment is Neutral. The current price of 14.02 is below the 20-day moving average (MA) of 14.48, above the 50-day MA of 13.79, and above the 200-day MA of 10.63, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.95 is Neutral, neither overbought nor oversold. The STOCH value of 15.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:BDI.

Black Diamond Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BDI	76 Outperform	C$936.26M	23.94	10.23%	0.94%	19.27%	47.30%
WJX	73 Outperform	C$541.89M	11.76	8.84%	5.15%	3.71%	-12.70%
DXT	72 Outperform	C$640.22M	18.64	14.38%	3.30%	-0.73%	221.74%
DIV	68 Neutral	C$540.93M	20.77	9.64%	7.38%	6.88%	-13.39%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
CHR	59 Neutral	C$596.93M	-17.93	2.09%	0.33%	-12.42%	69.23%
AFN	38 Underperform	C$651.24M	-96.90	-2.30%	1.81%	-5.64%	-121.91%

Black Diamond Corporate Events

Black Diamond Reports Strong Q3 2025 Results and Boosts Dividend

Black Diamond Group Limited reported a strong third quarter in 2025, with a 9% increase in consolidated rental revenue and a 65% rise in profit compared to the previous year. The company also announced a 29% increase in its quarterly dividend, reflecting its robust financial performance and strategic acquisitions, including the purchase of Royal Camp Services Ltd. and Spencer Group of Companies. These moves are expected to enhance Black Diamond’s market position and provide significant growth opportunities, particularly in Canada and the Asia-Pacific region.

The most recent analyst rating on (TSE:BDI) stock is a Buy with a C$16.50 price target. To see the full list of analyst forecasts on Black Diamond stock, see the TSE:BDI Stock Forecast page.

Black Diamond Group Sets Date for Q3 2025 Financial Results Announcement

Black Diamond Group Limited has announced the schedule for its third quarter 2025 financial results release and conference call. The results will be released after market close on October 30, 2025, with a conference call and webcast scheduled for October 31, 2025. The announcement is significant as it provides stakeholders with an opportunity to gain insights into the company’s financial performance and strategic direction, potentially impacting investor confidence and market positioning.

The most recent analyst rating on (TSE:BDI) stock is a Buy with a C$17.00 price target. To see the full list of analyst forecasts on Black Diamond stock, see the TSE:BDI Stock Forecast page.

Black Diamond Group Schedules Q3 2025 Financial Results Release and Conference Call

Black Diamond Group Limited has announced the release schedule for its third quarter 2025 financial results, which will be published after market close on October 30, 2025, followed by a conference call on October 31, 2025. The announcement is significant as it provides stakeholders with an opportunity to gain insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and investor relations.

The most recent analyst rating on (TSE:BDI) stock is a Buy with a C$17.00 price target. To see the full list of analyst forecasts on Black Diamond stock, see the TSE:BDI Stock Forecast page.

Black Diamond Group Acquires Royal Camp Services for $165 Million

Black Diamond Group Limited has announced a strategic acquisition of Royal Camp Services Ltd. for $165 million, aiming to enhance its workforce accommodation and catering business across Canada. The acquisition is expected to be highly accretive, with a combined capacity of nearly 12,000 rooms and over 600 employees, including approximately 250 Indigenous workers. This move positions Black Diamond to capitalize on increased demand for workforce accommodation services driven by major nation-building projects in Canada, providing enhanced value and quality services to its customers.

The most recent analyst rating on (TSE:BDI) stock is a Buy with a C$13.00 price target. To see the full list of analyst forecasts on Black Diamond stock, see the TSE:BDI Stock Forecast page.

Black Diamond (BDI) Earnings Call: Growth and Outlook

Black Diamond (BDI) Earnings Call: Positive Growth Amid Challenges

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.