Bird Construction (BDT) AI Stock Analysis

• Market Cap: C$1.59B
• Dividend Yield: 2.92%
• Average Volume (3M): 164.91K
• Price to Earnings (P/E): 15.9
• 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: 123,472
• 30 Day Avg. Volume: 164,909
• PEG Ratio: 0.54
• Price to Book (P/B): 1.60
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 27.89
• 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$31.83
• Price Target Upside: 10.64% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 81 Outperform
• Price Target: C$30.00 ▲(4.28%Upside)

Bird Construction's overall score is driven by strong financial performance and a positive earnings call, which highlight robust growth and strategic market positioning. Technical analysis provides a mixed outlook, while recent corporate events support future growth prospects. Valuation remains reasonable, adding to the stock's attractiveness.

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 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 makes money primarily through its construction services, which include general contracting, construction management, and design-build solutions. Revenue is generated from contracts with clients in various sectors such as industrial, commercial, institutional, and civil infrastructure. The company leverages its expertise to manage projects from inception to completion, ensuring cost efficiency and timely delivery. Key revenue streams include project management fees, construction fees, and design and consulting fees. Bird Construction also benefits from strategic partnerships and joint ventures, which enhance its capacity to undertake large-scale projects and expand its market reach. Additionally, the company's focus on sustainability and innovation in construction practices contributes to its competitive advantage and attractiveness to environmentally conscious clients.

Bird Construction Financial Statement Overview

Summary

Bird Construction demonstrates solid financial health, characterized by robust revenue and profit growth, effective cost management, and strong cash generation. The balance sheet reflects a prudent approach to leverage, while cash flow metrics indicate efficient cash utilization.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.43B	3.40B	2.80B	2.37B	2.22B	1.50B
Gross Profit	330.55M	328.76M	240.54M	201.76M	161.63M	126.30M
EBITDA	223.09M	214.15M	137.94M	115.50M	98.89M	78.80M
Net Income	99.50M	100.10M	71.54M	49.86M	42.78M	36.10M
Balance Sheet
Total Assets	1.21B	1.81B	1.42B	1.23B	1.14B	1.06B
Cash, Cash Equivalents and Short-Term Investments	62.82M	44.55M	177.58M	177.56M	125.68M	212.07M
Total Debt	145.87M	261.36M	151.36M	148.35M	158.04M	150.99M
Total Liabilities	936.10M	1.38B	1.10B	953.75M	893.66M	849.19M
Stockholders Equity	273.57M	430.28M	322.49M	272.99M	243.49M	212.61M
Cash Flow
Free Cash Flow	69.67M	80.46M	45.51M	15.63M	24.07M	114.72M
Operating Cash Flow	98.33M	114.24M	75.80M	43.40M	35.83M	128.95M
Investing Cash Flow	-120.80M	-131.30M	-27.51M	-14.81M	-23.30M	-53.90M
Financing Cash Flow	26.84M	16.83M	-45.36M	-44.28M	-34.25M	-43.28M

Bird Construction Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 28.77
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Negative

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 28.77 is above the 20-day moving average (MA) of 27.74, above the 50-day MA of 25.69, and above the 200-day MA of 24.96, indicating a bullish trend. The MACD of 0.73 indicates Positive momentum. The RSI at 70.39 is Negative, neither overbought nor oversold. The STOCH value of 88.99 is Negative, 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
BDT	81 Outperform	C$1.59B	15.88	26.31%	2.92%	16.14%	27.71%
Sector *	65 Neutral	$10.65B	15.52	5.51%	1.92%	2.72%	-26.34%
STN		$12.44B	44.62	13.13%	0.59%	―	―
SNCAF		$12.20B	56.09	8.66%	0.08%	―	―
WSP	78 Outperform	C$36.26B	50.55	9.42%	0.54%	16.77%	21.38%
ARE	55 Neutral	C$1.30B	―	-9.26%	3.69%	1.70%	-154.73%
MSP	21 Underperform	C$2.46M	―	22.10%	―	―	80.69%

Bird Construction Corporate Events

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.

Bird Construction to Announce Q1 2025 Financial Results

Bird Construction Inc. has announced that it will release its first quarter financial results for 2025 after market close on May 14, with a conference call and webcast scheduled for May 15. This 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.

Bird Construction Secures $650 Million in New Projects, Strengthens Key Portfolios

Bird Construction Inc. has secured over $650 million in new project awards across its infrastructure, industrial, and buildings businesses, reinforcing its portfolios in defence, clean energy, and healthcare. The projects include a design-build contract for residential housing for Canadian Armed Forces members, a contract for Dow’s net-zero ethylene cracker site, a long-term care facility expansion in Kelowna, additional contracts for Ontario Power Generation’s nuclear operations, and a contract extension for the Woodfibre LNG project. These awards highlight Bird’s strong client relationships and its strategic positioning in economically resilient sectors, enhancing its backlog and visibility for future projects.