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BADGER INFRASTRUCTURE SOLUTI (BDGI.CA) Stock Fundamental Analysis

Canada - TSX:BDGI - CA0565331026 - Common Stock

70.25 CAD
+0.17 (+0.24%)
Last: 10/24/2025, 7:00:00 PM
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to BDGI. BDGI was compared to 6 industry peers in the Construction & Engineering industry. While BDGI belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. BDGI has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

BDGI had positive earnings in the past year.
BDGI had a positive operating cash flow in the past year.
BDGI had positive earnings in 4 of the past 5 years.
Each year in the past 5 years BDGI had a positive operating cash flow.
BDGI.CA Yearly Net Income VS EBIT VS OCF VS FCFBDGI.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M

1.2 Ratios

The Return On Assets of BDGI (7.74%) is better than 85.71% of its industry peers.
The Return On Equity of BDGI (20.92%) is better than 71.43% of its industry peers.
The Return On Invested Capital of BDGI (11.24%) is better than 85.71% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BDGI is in line with the industry average of 9.40%.
The last Return On Invested Capital (11.24%) for BDGI is above the 3 year average (8.92%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 7.74%
ROE 20.92%
ROIC 11.24%
ROA(3y)5.73%
ROA(5y)3.86%
ROE(3y)14.6%
ROE(5y)9.48%
ROIC(3y)8.92%
ROIC(5y)N/A
BDGI.CA Yearly ROA, ROE, ROICBDGI.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10 15 20

1.3 Margins

BDGI's Profit Margin of 7.20% is amongst the best of the industry. BDGI outperforms 85.71% of its industry peers.
In the last couple of years the Profit Margin of BDGI has declined.
BDGI has a better Operating Margin (11.56%) than 100.00% of its industry peers.
In the last couple of years the Operating Margin of BDGI has declined.
BDGI has a better Gross Margin (29.71%) than 71.43% of its industry peers.
In the last couple of years the Gross Margin of BDGI has remained more or less at the same level.
Industry RankSector Rank
OM 11.56%
PM (TTM) 7.2%
GM 29.71%
OM growth 3YN/A
OM growth 5Y-2.07%
PM growth 3YN/A
PM growth 5Y-6.77%
GM growth 3Y11.8%
GM growth 5Y-0.97%
BDGI.CA Yearly Profit, Operating, Gross MarginsBDGI.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30

6

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BDGI is creating some value.
The number of shares outstanding for BDGI remains at a similar level compared to 1 year ago.
Compared to 5 years ago, BDGI has less shares outstanding
BDGI has a better debt/assets ratio than last year.
BDGI.CA Yearly Shares OutstandingBDGI.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
BDGI.CA Yearly Total Debt VS Total AssetsBDGI.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

BDGI has an Altman-Z score of 4.25. This indicates that BDGI is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 4.25, BDGI belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
BDGI has a debt to FCF ratio of 4.84. This is a neutral value as BDGI would need 4.84 years to pay back of all of its debts.
With a Debt to FCF ratio value of 4.84, BDGI perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
A Debt/Equity ratio of 0.92 indicates that BDGI is somewhat dependend on debt financing.
BDGI has a worse Debt to Equity ratio (0.92) than 71.43% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.92
Debt/FCF 4.84
Altman-Z 4.25
ROIC/WACC1.22
WACC9.23%
BDGI.CA Yearly LT Debt VS Equity VS FCFBDGI.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

2.3 Liquidity

A Current Ratio of 1.56 indicates that BDGI should not have too much problems paying its short term obligations.
The Current ratio of BDGI (1.56) is better than 100.00% of its industry peers.
A Quick Ratio of 1.48 indicates that BDGI should not have too much problems paying its short term obligations.
BDGI has a better Quick ratio (1.48) than 100.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.56
Quick Ratio 1.48
BDGI.CA Yearly Current Assets VS Current LiabilitesBDGI.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

6

3. Growth

3.1 Past

BDGI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 24.12%, which is quite impressive.
Measured over the past years, BDGI shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.85% on average per year.
The Revenue has grown by 8.41% in the past year. This is quite good.
BDGI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.63% yearly.
EPS 1Y (TTM)24.12%
EPS 3YN/A
EPS 5Y-0.85%
EPS Q2Q%22.22%
Revenue 1Y (TTM)8.41%
Revenue growth 3Y17.96%
Revenue growth 5Y2.63%
Sales Q2Q%5.66%

3.2 Future

BDGI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.57% yearly.
Based on estimates for the next years, BDGI will show a quite strong growth in Revenue. The Revenue will grow by 9.21% on average per year.
EPS Next Y28.01%
EPS Next 2Y26.33%
EPS Next 3Y23.57%
EPS Next 5YN/A
Revenue Next Year9.63%
Revenue Next 2Y9.26%
Revenue Next 3Y9.21%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
BDGI.CA Yearly Revenue VS EstimatesBDGI.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M
BDGI.CA Yearly EPS VS EstimatesBDGI.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 1 2 3

5

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 28.67, which means the current valuation is very expensive for BDGI.
Based on the Price/Earnings ratio, BDGI is valued cheaper than 85.71% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.89. BDGI is around the same levels.
BDGI is valuated rather expensively with a Price/Forward Earnings ratio of 19.62.
71.43% of the companies in the same industry are more expensive than BDGI, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.99. BDGI is around the same levels.
Industry RankSector Rank
PE 28.67
Fwd PE 19.62
BDGI.CA Price Earnings VS Forward Price EarningsBDGI.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BDGI indicates a rather cheap valuation: BDGI is cheaper than 85.71% of the companies listed in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as BDGI.
Industry RankSector Rank
P/FCF 30.82
EV/EBITDA 11.33
BDGI.CA Per share dataBDGI.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

BDGI's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of BDGI may justify a higher PE ratio.
A more expensive valuation may be justified as BDGI's earnings are expected to grow with 23.57% in the coming years.
PEG (NY)1.02
PEG (5Y)N/A
EPS Next 2Y26.33%
EPS Next 3Y23.57%

5

5. Dividend

5.1 Amount

BDGI has a Yearly Dividend Yield of 1.07%. Purely for dividend investing, there may be better candidates out there.
BDGI's Dividend Yield is a higher than the industry average which is at 1.34.
With a Dividend Yield of 1.07, BDGI pays less dividend than the S&P500 average, which is at 2.31.
Industry RankSector Rank
Dividend Yield 1.07%

5.2 History

The dividend of BDGI decreases each year by -1.23%.
BDGI has been paying a dividend for at least 10 years, so it has a reliable track record.
BDGI has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-1.23%
Div Incr Years9
Div Non Decr Years13
BDGI.CA Yearly Dividends per shareBDGI.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

31.84% of the earnings are spent on dividend by BDGI. This is a low number and sustainable payout ratio.
DP31.84%
EPS Next 2Y26.33%
EPS Next 3Y23.57%
BDGI.CA Yearly Income VS Free CF VS DividendBDGI.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M
BDGI.CA Dividend Payout.BDGI.CA Dividend Payout, showing the Payout Ratio.BDGI.CA Dividend Payout.PayoutRetained Earnings

BADGER INFRASTRUCTURE SOLUTI

TSX:BDGI (10/24/2025, 7:00:00 PM)

70.25

+0.17 (+0.24%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)07-30 2025-07-30/amc
Earnings (Next)11-05 2025-11-05
Inst Owners58.05%
Inst Owner ChangeN/A
Ins Owners0.38%
Ins Owner ChangeN/A
Market Cap2.37B
Revenue(TTM)777.39M
Net Income(TTM)55.94M
Analysts78.57
Price Target59.19 (-15.74%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.07%
Yearly Dividend0.74
Dividend Growth(5Y)-1.23%
DP31.84%
Div Incr Years9
Div Non Decr Years13
Ex-Date09-29 2025-09-29 (0.1875)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)35.46%
Min EPS beat(2)-3.71%
Max EPS beat(2)74.63%
EPS beat(4)2
Avg EPS beat(4)15.87%
Min EPS beat(4)-7.97%
Max EPS beat(4)74.63%
EPS beat(8)4
Avg EPS beat(8)8.93%
EPS beat(12)5
Avg EPS beat(12)3.65%
EPS beat(16)5
Avg EPS beat(16)-15.39%
Revenue beat(2)0
Avg Revenue beat(2)-2.04%
Min Revenue beat(2)-2.3%
Max Revenue beat(2)-1.78%
Revenue beat(4)0
Avg Revenue beat(4)-1.63%
Min Revenue beat(4)-2.3%
Max Revenue beat(4)-0.21%
Revenue beat(8)3
Avg Revenue beat(8)3.47%
Revenue beat(12)6
Avg Revenue beat(12)10%
Revenue beat(16)7
Avg Revenue beat(16)4.47%
PT rev (1m)2.65%
PT rev (3m)14.34%
EPS NQ rev (1m)1.43%
EPS NQ rev (3m)2.65%
EPS NY rev (1m)0%
EPS NY rev (3m)4.37%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)7.26%
Revenue NY rev (1m)0.14%
Revenue NY rev (3m)2.82%
Valuation
Industry RankSector Rank
PE 28.67
Fwd PE 19.62
P/S 2.17
P/FCF 30.82
P/OCF 11.05
P/B 6.32
P/tB 6.97
EV/EBITDA 11.33
EPS(TTM)2.45
EY3.49%
EPS(NY)3.58
Fwd EY5.1%
FCF(TTM)2.28
FCFY3.24%
OCF(TTM)6.36
OCFY9.05%
SpS32.31
BVpS11.12
TBVpS10.08
PEG (NY)1.02
PEG (5Y)N/A
Graham Number24.75
Profitability
Industry RankSector Rank
ROA 7.74%
ROE 20.92%
ROCE 15.61%
ROIC 11.24%
ROICexc 11.37%
ROICexgc 11.89%
OM 11.56%
PM (TTM) 7.2%
GM 29.71%
FCFM 7.05%
ROA(3y)5.73%
ROA(5y)3.86%
ROE(3y)14.6%
ROE(5y)9.48%
ROIC(3y)8.92%
ROIC(5y)N/A
ROICexc(3y)8.94%
ROICexc(5y)N/A
ROICexgc(3y)9.42%
ROICexgc(5y)N/A
ROCE(3y)12.38%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y0.44%
ROICexc growth 3YN/A
ROICexc growth 5Y0.7%
OM growth 3YN/A
OM growth 5Y-2.07%
PM growth 3YN/A
PM growth 5Y-6.77%
GM growth 3Y11.8%
GM growth 5Y-0.97%
F-Score6
Asset Turnover1.08
Health
Industry RankSector Rank
Debt/Equity 0.92
Debt/FCF 4.84
Debt/EBITDA 1.43
Cap/Depr 119.37%
Cap/Sales 12.62%
Interest Coverage 6.17
Cash Conversion 88.89%
Profit Quality 98.01%
Current Ratio 1.56
Quick Ratio 1.48
Altman-Z 4.25
F-Score6
WACC9.23%
ROIC/WACC1.22
Cap/Depr(3y)134.18%
Cap/Depr(5y)112.77%
Cap/Sales(3y)13.94%
Cap/Sales(5y)12.5%
Profit Quality(3y)49.98%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)24.12%
EPS 3YN/A
EPS 5Y-0.85%
EPS Q2Q%22.22%
EPS Next Y28.01%
EPS Next 2Y26.33%
EPS Next 3Y23.57%
EPS Next 5YN/A
Revenue 1Y (TTM)8.41%
Revenue growth 3Y17.96%
Revenue growth 5Y2.63%
Sales Q2Q%5.66%
Revenue Next Year9.63%
Revenue Next 2Y9.26%
Revenue Next 3Y9.21%
Revenue Next 5YN/A
EBIT growth 1Y43.52%
EBIT growth 3YN/A
EBIT growth 5Y0.51%
EBIT Next Year117.43%
EBIT Next 3Y38.01%
EBIT Next 5YN/A
FCF growth 1Y460.22%
FCF growth 3Y62.26%
FCF growth 5YN/A
OCF growth 1Y41.47%
OCF growth 3Y38.88%
OCF growth 5Y5.22%

BADGER INFRASTRUCTURE SOLUTI / BDGI.CA FAQ

What is the ChartMill fundamental rating of BADGER INFRASTRUCTURE SOLUTI (BDGI.CA) stock?

ChartMill assigns a fundamental rating of 6 / 10 to BDGI.CA.


Can you provide the valuation status for BADGER INFRASTRUCTURE SOLUTI?

ChartMill assigns a valuation rating of 5 / 10 to BADGER INFRASTRUCTURE SOLUTI (BDGI.CA). This can be considered as Fairly Valued.


Can you provide the profitability details for BADGER INFRASTRUCTURE SOLUTI?

BADGER INFRASTRUCTURE SOLUTI (BDGI.CA) has a profitability rating of 7 / 10.


Can you provide the financial health for BDGI stock?

The financial health rating of BADGER INFRASTRUCTURE SOLUTI (BDGI.CA) is 6 / 10.


Can you provide the expected EPS growth for BDGI stock?

The Earnings per Share (EPS) of BADGER INFRASTRUCTURE SOLUTI (BDGI.CA) is expected to grow by 28.01% in the next year.