Bird Construction (BDT) AI Stock Analysis

• Market Cap: C$1.62B
• Dividend Yield: 2.88%
• Average Volume (3M): 227.05K
• Price to Earnings (P/E): 17.3
• Beta (1Y): 1.58
• Revenue Growth: 6.26%
• EPS Growth: 0.52%
• Country: CA
• Employees: 6,000
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 0.64
• Shares Outstanding: 55,382,830
• 10 Day Avg. Volume: 189,165
• 30 Day Avg. Volume: 227,053
• PEG Ratio: 0.37
• Price to Book (P/B): 3.30
• Price to Sales (P/S): 0.42
• P/FCF Ratio: 14.76
• 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$34.80
• Price Target Upside: 18.77% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: C$31.00 ▲(5.80% Upside)

Bird Construction's overall stock score reflects strong revenue growth and strategic positioning, supported by a solid backlog and reasonable valuation. However, financial risks from increased leverage and cash flow challenges, alongside mixed earnings call sentiment, temper the score. Technical indicators suggest caution due to potential overbought conditions.

Positive Factors

Record Backlog

A record backlog provides strong visibility into future revenue streams, supporting long-term growth and stability in the construction industry.

Strategic Acquisitions

Strategic acquisitions enhance Bird's service offerings and market reach, creating new opportunities for cross-selling and revenue diversification.

Revenue Growth

Consistent revenue growth indicates robust market demand and effective business strategies, contributing to long-term financial health.

Negative Factors

Margin Pressure

Decreasing margins can impact profitability, suggesting challenges in cost management and pricing power within competitive markets.

Project Delays

Project delays can affect cash flow and revenue timing, potentially straining financial resources and impacting short-term performance.

Creditworthiness Concerns

Creditworthiness issues with clients can lead to financial exposure, affecting cash flow and increasing risk in project execution.

Bird Construction Business Overview & Revenue Model

Company Description

Bird Construction Inc. operates as a general contractor in Canada. The company primarily focuses on projects in the industrial, commercial, and institutional sectors of the general contracting industry. It constructs industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; undertakes structural, mechanical, piping, electrical, and instrumentation works that include off-site metal and modular fabrication; and provides insulation, metal siding and cladding, ductwork, asbestos abatement, and high voltage testing and commissioning services, as well as constructs power lines. The company also engages in the civil construction operations, such as site preparation and earthworks, underground piping, foundations, and other concrete services, as well as mine support and hydroelectric construction service; and civil infrastructure operations comprising road, bridge, rail, and underground utilities installation. In addition, it constructs and renovates hospitals, post-secondary education facilities, K-12 schools, recreation facilities, prisons, courthouses, government buildings, and long term care and senior housing facilities; and constructs and renovates office buildings, shopping malls, big box stores, hotels, and mixed-use high-rise and mid-rise residential projects, and well as offers electrical and related system services, which include electrical and mechanical infrastructure design and installation, data communications, security, and lifecycle services. It serves clients in the oil and gas, liquefied natural gas, mining, renewables, water and wastewater, nuclear, infrastructure, and residential sectors. Bird Construction Inc. was founded in 1920 and is based in Mississauga, Canada.

How the Company Makes Money

Bird Construction generates revenue primarily through its construction contracts, which encompass a diverse portfolio of projects within the commercial, industrial, and infrastructure sectors. The company earns income by bidding on and winning contracts for construction services, often working on large-scale projects that require significant resources and expertise. Key revenue streams include general contracting services, project management, and specialized construction activities. Additionally, Bird Construction may partner with other firms or stakeholders to undertake joint ventures or collaborative projects, enhancing its capabilities and expanding its market reach. The company's focus on maintaining strong relationships with clients, suppliers, and subcontractors also plays a crucial role in securing repeat business and driving long-term profitability.

Bird Construction Financial Statement Overview

Summary

Bird Construction demonstrates strong financial health with consistent revenue growth and profitability. The company effectively manages its debt levels, maintaining a stable balance sheet. However, recent declines in cash flow growth and revenue in the TTM period highlight potential areas for improvement.

Income Statement

Bird Construction shows a consistent revenue growth trend over the years, although the TTM data indicates a slight decline. The company maintains healthy gross and net profit margins, with a slight decrease in the TTM period. The EBIT and EBITDA margins are stable, reflecting operational efficiency. Overall, the income statement reflects a strong financial performance with some recent challenges.

Balance Sheet

The balance sheet indicates a moderate debt-to-equity ratio, suggesting a balanced approach to leveraging. The return on equity is robust, indicating effective use of equity to generate profits. The equity ratio is stable, reflecting a solid financial foundation. However, the increase in total debt in the TTM period is a point of concern.

Cash Flow

Cash flow analysis shows a decline in free cash flow growth in the TTM period, which could impact future liquidity. The operating cash flow to net income ratio is low, indicating potential challenges in converting income into cash. However, the free cash flow to net income ratio remains healthy, suggesting efficient cash management despite recent declines.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.46B	3.40B	2.80B	2.37B	2.22B	1.50B
Gross Profit	355.97M	328.76M	240.54M	201.76M	205.48M	147.50M
EBITDA	193.09M	151.44M	104.37M	92.36M	90.00M	81.70M
Net Income	93.87M	100.10M	71.54M	49.86M	42.78M	36.10M
Balance Sheet
Total Assets	1.86B	1.81B	1.42B	1.23B	1.14B	1.07B
Cash, Cash Equivalents and Short-Term Investments	-572.00K	177.44M	177.58M	174.61M	190.19M	212.07M
Total Debt	346.34M	261.36M	151.36M	148.35M	158.04M	151.04M
Total Liabilities	1.40B	1.38B	1.10B	953.75M	893.66M	854.94M
Stockholders Equity	457.40M	430.28M	322.49M	272.99M	243.49M	212.61M
Cash Flow
Free Cash Flow	39.41M	96.21M	60.64M	27.50M	26.26M	120.24M
Operating Cash Flow	62.13M	117.37M	76.47M	44.32M	38.02M	134.47M
Investing Cash Flow	-19.43M	-134.43M	-28.17M	-15.73M	-25.50M	-59.42M
Financing Cash Flow	-45.56M	16.83M	-45.36M	-44.28M	-34.25M	-43.28M

Bird Construction Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 29.30
• 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:BDT, the sentiment is Positive. The current price of 29.3 is above the 20-day moving average (MA) of 29.24, above the 50-day MA of 27.92, and above the 200-day MA of 26.69, indicating a bullish trend. The MACD of 0.55 indicates Negative momentum. The RSI at 53.42 is Neutral, neither overbought nor oversold. The STOCH value of 76.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BDT.

Bird Construction Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WSP	75 Outperform	C$35.94B	39.75	11.21%	0.60%	18.85%	29.60%
ATRL	71 Outperform	$15.60B	6.34	56.38%	0.09%	13.97%	715.65%
STN	70 Outperform	$15.57B	32.20	15.96%	0.67%	11.73%	41.17%
BDT	69 Neutral	C$1.62B	17.29	21.68%	2.88%	6.26%	0.52%
BDGI	66 Neutral	C$2.61B	30.68	22.05%	0.99%	13.02%	52.88%
ARE	65 Neutral	C$2.05B	245.18	0.92%	2.38%	25.68%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Bird Construction Corporate Events

Bird Construction Secures $1.2 Billion in New Projects and Agreements

Bird Construction Inc. has been awarded projects and agreements worth approximately $1.2 billion, enhancing its industrial capital investment projects and multi-year master service agreements with both new and existing clients. These awards, including a significant new MSA in partnership with Infinity Métis Corporation, underscore Bird’s strategic growth through acquisitions and partnerships, particularly in the industrial maintenance sector. The company continues to strengthen its market position by expanding its self-perform capabilities and fostering Indigenous partnerships, which are expected to support revenue growth and margin expansion in line with its 2027 Strategic Plan.

The most recent analyst rating on (TSE:BDT) stock is a Hold with a C$31.00 price target. To see the full list of analyst forecasts on Bird Construction stock, see the TSE:BDT Stock Forecast page.

Bird Construction Enters Development Agreement for Peel Memorial Hospital Redevelopment

Bird Construction Inc. has entered into a Development Phase Agreement with Infrastructure Ontario and William Osler Health System for the Peel Memorial Hospital Phase 2 Redevelopment project. This agreement marks Bird’s role as the Development Partner, where it will collaborate on the project’s design, schedule, pricing, and risk management. The project underscores Bird’s expertise in healthcare infrastructure and its commitment to delivering high-performing institutional projects, reinforcing its leadership in significant national sectors.

The most recent analyst rating on (TSE:BDT) stock is a Buy with a C$33.00 price target. To see the full list of analyst forecasts on Bird Construction stock, see the TSE:BDT Stock Forecast page.

Bird Construction Completes Acquisition of Fraser River Pile & Dredge

Bird Construction Inc. has successfully completed the acquisition of Fraser River Pile & Dredge (FRPD), enhancing its capabilities in marine infrastructure, land foundations, and dredging. This strategic acquisition positions Bird to better serve Canada’s infrastructure needs, particularly in projects with significant port and marine requirements, aligning with federal nation-building priorities and supporting Bird’s long-term growth strategy.

The most recent analyst rating on (TSE:BDT) stock is a Buy with a C$37.00 price target. To see the full list of analyst forecasts on Bird Construction stock, see the TSE:BDT Stock Forecast page.