Bird Construction (BDT) AI Stock Analysis

• Market Cap: C$1.56B
• Dividend Yield: 2.74%
• Average Volume (3M): 111.59K
• Price to Earnings (P/E): 15.5
• Beta (1Y): 1.34
• Revenue Growth: 16.14%
• EPS Growth: 27.71%
• Country: CA
• Employees: 6,000
• Sector: Industrials
• Sector Strength: 87
• Industry: Engineering & Construction
• EPS (TTM): 0.23
• Shares Outstanding: 55,382,830
• 10 Day Avg. Volume: 145,099
• 30 Day Avg. Volume: 111,591
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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$34.00
• Price Target Upside: 20.95% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 79 Outperform
• Price Target: C$33.00 ▲(17.40%Upside)

Bird Construction's robust financial performance and positive earnings call highlight strong growth prospects and strategic positioning. The technical analysis suggests bullish momentum, though caution is advised due to overbought signals. Valuation is reasonable but not highly attractive.

Positive Factors

Analyst Recommendation

Analyst's recommendation for Bird Construction is a 'BUY'.

Financial Performance

Q4/2024 revenue increased 18% year-over-year, driven by the Industrial and Buildings segments, with EBITDA increasing 64% year-over-year.

Market Demand

Bird continues to enjoy strong secular demand from end markets such as energy & power, transportation infrastructure, advanced buildings, and industrial.

Negative Factors

Debt Position

Bird's net debt position stood at 0.5x EBITDA, with management prioritizing dividend growth, organic growth investments, and successful acquisitions.

Investor Perception

The quality of the company's backlog appears underappreciated by investors, being more diversified than ever before, growing, and with increasing margins.

Bird Construction Business Overview & Revenue Model

Company Description

Bird Construction (BDT) is a leading Canadian general contractor with a rich history in the construction industry. The company operates through various sectors including commercial, institutional, residential, and industrial construction. Bird Construction is known for delivering high-quality projects across Canada, offering services in construction management, design-build, and general contracting. The company's portfolio includes projects in the public and private sectors, ranging from small-scale projects to large, complex developments.

How the Company Makes Money

Bird Construction makes money through its comprehensive range of construction services. The primary revenue streams include construction management, where the company oversees project execution and ensures timely completion; design-build services, which involve both designing and constructing projects according to client specifications; and general contracting, where Bird Construction manages all aspects of the construction process. These services generate revenue through contracts with private developers, government entities, and other organizations. The company also benefits from strategic partnerships and joint ventures that enhance its ability to undertake large-scale projects, further contributing to its earnings. Bird's focus on efficiency, sustainability, and innovation strengthens its market position and helps maintain a steady flow of projects and revenue.

Bird Construction Financial Statement Overview

Summary

Bird Construction demonstrates solid financial health with strong revenue and profit growth, effective cost management, and robust cash generation. The balance sheet reflects a prudent approach to leverage, while cash flow metrics indicate efficient cash utilization, positioning the company well for future growth and stability.

Income Statement

Bird Construction shows strong revenue growth with a 15.8% increase in 2024 and a 21.4% increase in 2023. Gross profit margin is consistent at around 9.6%-9.7% over the TTM and 2024 period. Net profit margin has remained stable at approximately 2.9%, reflecting effective cost management. The EBIT and EBITDA margins have shown slight improvement, indicating efficient operational management.

Balance Sheet

The company has a stable equity ratio of around 25.2% TTM, slightly decreasing from 23.8% in 2024, suggesting maintained leverage levels. The debt-to-equity ratio is moderate at 0.68 TTM, indicating manageable debt levels. Return on equity has improved to 23.2% TTM from 23.3% in 2024, reflecting strong profitability relative to shareholder equity.

Cash Flow

Free cash flow has grown by 25.2% from 2024 to TTM, indicating strong cash generation. The operating cash flow to net income ratio of 0.99 TTM suggests efficient cash conversion, and the free cash flow to net income ratio of 0.70 TTM supports a healthy cash position relative to earnings.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.40B	2.80B	2.37B	2.22B	1.50B
Gross Profit	328.76M	240.54M	201.76M	161.63M	126.30M
EBITDA	214.15M	137.94M	115.50M	98.89M	78.80M
Net Income	100.10M	71.54M	49.86M	42.78M	36.10M
Balance Sheet
Total Assets	1.81B	1.42B	1.23B	1.14B	1.06B
Cash, Cash Equivalents and Short-Term Investments	44.55M	177.58M	177.56M	125.68M	212.07M
Total Debt	261.36M	151.36M	148.35M	158.04M	150.99M
Total Liabilities	1.38B	1.10B	953.75M	893.66M	849.19M
Stockholders Equity	430.28M	322.49M	272.99M	243.49M	212.61M
Cash Flow
Free Cash Flow	80.46M	45.51M	15.63M	24.07M	114.72M
Operating Cash Flow	114.24M	75.80M	43.40M	35.83M	128.95M
Investing Cash Flow	-131.30M	-27.51M	-14.81M	-23.30M	-53.90M
Financing Cash Flow	16.83M	-45.36M	-44.28M	-34.25M	-43.28M

Bird Construction Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 28.11
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BDT, the sentiment is Neutral. The current price of 28.11 is below the 20-day moving average (MA) of 29.19, below the 50-day MA of 28.17, and above the 200-day MA of 25.38, indicating a neutral trend. The MACD of 0.11 indicates Positive momentum. The RSI at 41.92 is Neutral, neither overbought nor oversold. The STOCH value of 24.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:BDT.

Bird Construction Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BDT	79 Outperform	C$1.56B	15.50	26.31%	2.74%	16.14%	27.71%
STN	79 Outperform	$17.10B	44.31	13.13%	0.58%	15.62%	9.66%
WSP	78 Outperform	C$36.75B	51.23	9.42%	0.53%	16.77%	21.38%
ATRL	73 Outperform	C$16.11B	55.29	8.66%	0.08%	12.05%	1.32%
Sector *	62 Neutral	kr40.85B	12.43	-0.68%	2.26%	0.51%	-1.82%
ARE	48 Neutral	C$1.22B	48.06	2.78%	3.93%	20.53%	74.96%
MSP	21 Underperform	C$7.05M	6.99	22.10%	―	―	80.69%

Bird Construction Corporate Events

Bird Construction Announces Successful Election of Board Members

Bird Construction Inc. announced the results of its Board of Directors election at the annual general meeting of shareholders. All nominees were successfully elected, with high percentages of votes in favor, ensuring continuity and stability in the company’s leadership. This announcement underscores Bird’s commitment to maintaining strong governance and leadership as it continues to serve Canada’s construction and maintenance industry.

The most recent analyst rating on (TSE:BDT) stock is a Hold with a C$26.00 price target. To see the full list of analyst forecasts on Bird Construction stock, see the TSE:BDT Stock Forecast page.

Bird Construction to Announce Q2 2025 Financial Results

Bird Construction Inc. announced the release date for its 2025 second quarter financial results, which will be available after market close on August 13, 2025. A conference call and live webcast to discuss these results will be hosted by the company’s executives on August 14, 2025. This announcement is significant as it provides stakeholders with 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:BDT) stock is a Hold with a C$26.00 price target. To see the full list of analyst forecasts on Bird Construction stock, see the TSE:BDT Stock Forecast page.

Bird Construction Secures $525 Million in New Projects Across Key Sectors

Bird Construction Inc. has secured three significant projects worth over $525 million, enhancing its presence in the buildings and infrastructure sectors. These projects include the Transportation Safety and Technology Science Hub in Ottawa, the Beverly Heights Seniors Housing project in Edmonton, and a mining infrastructure upgrade. These awards underscore Bird’s strong market positioning and the trust clients place in its expertise, despite current economic uncertainties.

The most recent analyst rating on (TSE:BDT) stock is a Hold with a C$25.50 price target. To see the full list of analyst forecasts on Bird Construction stock, see the TSE:BDT Stock Forecast page.

Bird Construction Reports Strong Q1 2025 Results with Record Backlog

Bird Construction Inc. reported strong financial results for the first quarter of 2025, with a 4% increase in construction revenue compared to the previous year. The company achieved record backlog levels, with over $1.3 billion in new contracts, and improved profit margins, highlighting its economic resilience and strategic focus. The company’s robust liquidity position and balanced capital allocation strategy support its growth initiatives and shareholder returns, positioning Bird well for continued success in the construction industry.

The most recent analyst rating on (TSE:BDT) stock is a Hold with a C$22.00 price target. To see the full list of analyst forecasts on Bird Construction stock, see the TSE:BDT Stock Forecast page.