Bird Construction (BDT) AI Stock Analysis

• Market Cap: C$1.64B
• Dividend Yield: 2.79%
• Average Volume (3M): 227.05K
• Price to Earnings (P/E): 16.4
• Beta (1Y): 1.58
• Revenue Growth: 8.49%
• EPS Growth: 14.10%
• Country: CA
• Employees: 6,000
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 0.50
• 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: 17.65
• 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$36.64
• Price Target Upside: 21.65% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7

• Rating: 74 Outperform
• Price Target: C$33.00 ▲(9.56% Upside)

Bird Construction's strong financial performance, positive technical indicators, and strategic focus highlighted in the earnings call contribute to a solid overall score. While recent revenue declines and project delays pose challenges, the company's robust backlog and improved margins provide a positive outlook.

Positive Factors

Improved Margins

Improved margins indicate enhanced operational efficiency and strategic focus on high-margin sectors, supporting long-term profitability.

Record Backlog

A record backlog provides revenue visibility and stability, ensuring a steady flow of projects and supporting future growth.

Strategic Sector Focus

Focusing on strategic sectors aligns with national priorities, enhancing growth opportunities and margin expansion potential.

Negative Factors

Revenue Decline

A decline in revenue can indicate challenges in project execution or market demand, potentially impacting future financial performance.

Project Delays Due to Economic Uncertainty

Project delays due to economic uncertainty can disrupt revenue streams and hinder margin improvement efforts, affecting long-term growth.

Impact of Global Trade Uncertainty

Global trade uncertainty can delay project starts and impact client confidence, posing risks to revenue and project pipeline stability.

Bird Construction Business Overview & Revenue Model

Company Description

Bird Construction (BDT) is a leading Canadian construction company that specializes in providing integrated construction services across various sectors, including commercial, industrial, and infrastructure projects. The company is known for its commitment to excellence in project delivery, safety, and innovation, offering a comprehensive range of services from project management and general contracting to design-build solutions. With a strong presence across Canada, Bird Construction leverages its expertise to execute complex projects that meet the diverse needs of its clients.

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	3.40B	3.40B	2.80B	2.37B	2.22B	1.50B
Gross Profit	356.35M	328.76M	240.54M	201.76M	205.48M	147.50M
EBITDA	195.87M	151.44M	104.37M	92.36M	90.00M	81.70M
Net Income	98.38M	100.10M	71.54M	49.86M	42.78M	36.10M
Balance Sheet
Total Assets	1.79B	1.81B	1.42B	1.23B	1.14B	1.07B
Cash, Cash Equivalents and Short-Term Investments	142.59M	177.44M	177.58M	174.61M	190.19M	212.07M
Total Debt	398.02M	261.36M	151.36M	148.35M	158.04M	151.04M
Total Liabilities	1.35B	1.38B	1.10B	953.75M	893.66M	854.94M
Stockholders Equity	437.22M	430.28M	322.49M	272.99M	243.49M	212.61M
Cash Flow
Free Cash Flow	61.72M	96.21M	60.64M	27.50M	26.26M	120.24M
Operating Cash Flow	91.16M	117.37M	76.47M	44.32M	38.02M	134.47M
Investing Cash Flow	-113.36M	-134.43M	-28.17M	-15.73M	-25.50M	-59.42M
Financing Cash Flow	63.10M	16.83M	-45.36M	-44.28M	-34.25M	-43.28M

Bird Construction Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 30.12
• 50DMA: Positive
• 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 30.12 is below the 20-day moving average (MA) of 30.21, above the 50-day MA of 28.03, and above the 200-day MA of 25.31, indicating a neutral trend. The MACD of 0.48 indicates Positive momentum. The RSI at 54.70 is Neutral, neither overbought nor oversold. The STOCH value of 50.21 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
STN	―	$17.72B	40.57	14.26%	0.57%	12.49%	26.18%
WSP	―	C$36.73B	44.88	10.52%	0.56%	18.24%	28.47%
BDT	―	C$1.64B	16.41	25.25%	2.79%	8.49%	14.10%
ATRL	―	$16.39B	6.75	57.95%	0.08%	13.07%	697.05%
ARE	―	C$1.80B	70.80	0.92%	2.46%	25.68%	―
Sector *	―	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
MSP	―	C$4.26M	3.89	―	―	―	―

Bird Construction Corporate Events

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.

Bird Construction to Release Q3 2025 Financial Results

Bird Construction Inc. announced it will release its third quarter financial results for 2025 after market close on November 12, with a conference call and webcast scheduled for November 13. This announcement is significant for stakeholders as it provides insights into the company’s financial performance and strategic positioning in the construction industry.

The most recent analyst rating on (TSE:BDT) stock is a Buy with a C$41.00 price target. To see the full list of analyst forecasts on Bird Construction stock, see the TSE:BDT Stock Forecast page.

Bird Construction Chosen for Major Ontario Hospital Project

Bird Construction Inc. has been selected by Infrastructure Ontario as the Preferred Proponent to design and build a major hospital project in Ontario, highlighting the company’s expertise in complex institutional infrastructure. This project aligns with Bird’s strategic focus on healthcare, emphasizing collaboration, innovation, and efficiency, and reinforcing its position as a trusted partner in building critical infrastructure across Canada.

The most recent analyst rating on (TSE:BDT) stock is a Buy with a C$34.00 price target. To see the full list of analyst forecasts on Bird Construction stock, see the TSE:BDT Stock Forecast page.

Bird Construction Acquires FRPD to Boost Infrastructure Capabilities

Bird Construction Inc. has announced the acquisition of Fraser River Pile & Dredge (FRPD) for $82.3 million, marking a strategic expansion into marine infrastructure, land foundation, and dredging services. This acquisition is expected to enhance Bird’s operational capabilities and financial performance by increasing its exposure to high-margin projects and capitalizing on Canada’s growing infrastructure demands. The integration of FRPD’s specialized expertise will enable Bird to undertake larger, more complex projects, aligning with its strategic goals for growth and margin expansion.

The most recent analyst rating on (TSE:BDT) stock is a Buy 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’s Earnings Call: Strategic Focus Amid Challenges

The recent earnings call for Bird Construction highlighted a company that is strategically focused and improving its margins, yet grappling with economic uncertainties and project delays. While the company proudly announced its recognition as a best employer and showcased a robust backlog, it also faced challenges such as a decline in revenue and uncertainties related to global trade and project timelines.

Bird Construction Reports Strong Q2 2025 Results with Record Backlog

Bird Construction announced its 2025 second-quarter results, highlighting strong margin accretion and a record backlog despite temporary project delays due to changing market conditions. The company reported an increase in gross profit percentage and adjusted EBITDA margin compared to the previous year, with a record backlog of $4.6 billion, positioning it well for future growth. While revenue saw a slight decrease, Bird secured $1.2 billion in additional work, reflecting robust demand and a healthy balance sheet that supports its growth strategy.

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.