BADGER INFRASTRUCTURE SOLUTI (BDGI.CA) Stock Fundamental Analysis

TSX:BDGI • CA0565331026

73.16 CAD
+1.25 (+1.74%)
Last: Feb 20, 2026, 07:00 PM
Fundamental Rating

6

BDGI gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 8 industry peers in the Construction & Engineering industry. BDGI has an excellent financial health rating, but there are some minor concerns on its profitability. BDGI is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! These ratings would make BDGI suitable for growth investing!


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • BDGI had positive earnings in the past year.
  • In the past year BDGI had a positive cash flow from operations.
  • Of the past 5 years BDGI 4 years were profitable.
  • In the past 5 years BDGI always reported a positive cash flow from operatings.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M

1.2 Ratios

  • BDGI has a better Return On Assets (7.99%) than 77.78% of its industry peers.
  • Looking at the Return On Equity, with a value of 21.06%, BDGI is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 9.84%, BDGI is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for BDGI is significantly below the industry average of 71.07%.
  • The 3 year average ROIC (8.92%) for BDGI is below the current ROIC(9.84%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 7.99%
ROE 21.06%
ROIC 9.84%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10 15 20

1.3 Margins

  • With an excellent Profit Margin value of 7.66%, BDGI belongs to the best of the industry, outperforming 88.89% of the companies in the same industry.
  • In the last couple of years the Profit Margin of BDGI has declined.
  • BDGI's Operating Margin of 10.16% is amongst the best of the industry. BDGI outperforms 88.89% of its industry peers.
  • In the last couple of years the Operating Margin of BDGI has declined.
  • BDGI has a Gross Margin of 29.83%. This is in the better half of the industry: BDGI outperforms 77.78% of its industry peers.
  • BDGI's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 10.16%
PM (TTM) 7.66%
GM 29.83%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30

7

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.
  • Compared to 1 year ago, BDGI has about the same amount of shares outstanding.
  • Compared to 5 years ago, BDGI has less shares outstanding
  • The debt/assets ratio for BDGI has been reduced compared to a year ago.
BDGI.CA Yearly Shares OutstandingBDGI.CA Yearly Shares OutstandingYearly Shares Outstanding 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

  • BDGI has an Altman-Z score of 4.20. This indicates that BDGI is financially healthy and has little risk of bankruptcy at the moment.
  • BDGI has a better Altman-Z score (4.20) than 88.89% of its industry peers.
  • The Debt to FCF ratio of BDGI is 4.54, which is a neutral value as it means it would take BDGI, 4.54 years of fcf income to pay off all of its debts.
  • BDGI's Debt to FCF ratio of 4.54 is fine compared to the rest of the industry. BDGI outperforms 66.67% of its industry peers.
  • A Debt/Equity ratio of 0.82 indicates that BDGI is somewhat dependend on debt financing.
  • BDGI's Debt to Equity ratio of 0.82 is on the low side compared to the rest of the industry. BDGI is outperformed by 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.82
Debt/FCF 4.54
Altman-Z 4.2
ROIC/WACC1.11
WACC8.85%
BDGI.CA Yearly LT Debt VS Equity VS FCFBDGI.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

2.3 Liquidity

  • BDGI has a Current Ratio of 1.48. This is a normal value and indicates that BDGI is financially healthy and should not expect problems in meeting its short term obligations.
  • BDGI has a Current ratio of 1.48. This is amongst the best in the industry. BDGI outperforms 100.00% of its industry peers.
  • BDGI has a Quick Ratio of 1.40. This is a normal value and indicates that BDGI is financially healthy and should not expect problems in meeting its short term obligations.
  • BDGI's Quick ratio of 1.40 is amongst the best of the industry. BDGI outperforms 100.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.48
Quick Ratio 1.4
BDGI.CA Yearly Current Assets VS Current LiabilitesBDGI.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

7

3. Growth

3.1 Past

  • BDGI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 36.88%, which is quite impressive.
  • The Earnings Per Share has been growing slightly by 4.88% on average over the past years.
  • The Revenue has grown by 10.18% 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)36.88%
EPS 3YN/A
EPS 5Y4.88%
EPS Q2Q%26.47%
Revenue 1Y (TTM)10.18%
Revenue growth 3Y17.96%
Revenue growth 5Y2.63%
Sales Q2Q%8.11%

3.2 Future

  • Based on estimates for the next years, BDGI will show a very strong growth in Earnings Per Share. The EPS will grow by 25.41% on average per year.
  • Based on estimates for the next years, BDGI will show a quite strong growth in Revenue. The Revenue will grow by 10.20% on average per year.
EPS Next Y29.09%
EPS Next 2Y26.6%
EPS Next 3Y25.41%
EPS Next 5YN/A
Revenue Next Year11.38%
Revenue Next 2Y10.41%
Revenue Next 3Y10.2%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M 1B
BDGI.CA Yearly EPS VS EstimatesBDGI.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 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

  • Based on the Price/Earnings ratio of 27.71, the valuation of BDGI can be described as expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of BDGI is on the same level as its industry peers.
  • BDGI is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.99, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 20.83, which indicates a rather expensive current valuation of BDGI.
  • 66.67% of the companies in the same industry are more expensive than BDGI, based on the Price/Forward Earnings ratio.
  • BDGI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 28.06, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 27.71
Fwd PE 20.83
BDGI.CA Price Earnings VS Forward Price EarningsBDGI.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • 88.89% of the companies in the same industry are more expensive than BDGI, based on the Enterprise Value to EBITDA ratio.
  • 66.67% of the companies in the same industry are more expensive than BDGI, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 31.58
EV/EBITDA 12.34
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 low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • BDGI has a very decent profitability rating, which may justify a higher PE ratio.
  • BDGI's earnings are expected to grow with 25.41% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.95
PEG (5Y)5.68
EPS Next 2Y26.6%
EPS Next 3Y25.41%

5

5. Dividend

5.1 Amount

  • BDGI has a Yearly Dividend Yield of 1.14%. 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 0.92.
  • BDGI's Dividend Yield is slightly below the S&P500 average, which is at 1.81.
Industry RankSector Rank
Dividend Yield 1.14%

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

  • 29.17% of the earnings are spent on dividend by BDGI. This is a low number and sustainable payout ratio.
DP29.17%
EPS Next 2Y26.6%
EPS Next 3Y25.41%
BDGI.CA Yearly Income VS Free CF VS DividendBDGI.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 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 (2/20/2026, 7:00:00 PM)

73.16

+1.25 (+1.74%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)11-05
Earnings (Next)03-05
Inst Owners56.94%
Inst Owner ChangeN/A
Ins Owners0.38%
Ins Owner ChangeN/A
Market Cap2.47B
Revenue(TTM)805.35M
Net Income(TTM)61.65M
Analysts75.71
Price Target78.57 (7.39%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.14%
Yearly Dividend0.72
Dividend Growth(5Y)-1.23%
DP29.17%
Div Incr Years9
Div Non Decr Years13
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-2.61%
Min EPS beat(2)-3.71%
Max EPS beat(2)-1.5%
EPS beat(4)2
Avg EPS beat(4)17.49%
Min EPS beat(4)-3.71%
Max EPS beat(4)74.63%
EPS beat(8)3
Avg EPS beat(8)3.8%
EPS beat(12)4
Avg EPS beat(12)0.48%
EPS beat(16)5
Avg EPS beat(16)-15.5%
Revenue beat(2)0
Avg Revenue beat(2)-3.36%
Min Revenue beat(2)-4.94%
Max Revenue beat(2)-1.78%
Revenue beat(4)0
Avg Revenue beat(4)-2.31%
Min Revenue beat(4)-4.94%
Max Revenue beat(4)-0.21%
Revenue beat(8)2
Avg Revenue beat(8)-0.02%
Revenue beat(12)5
Avg Revenue beat(12)7.09%
Revenue beat(16)9
Avg Revenue beat(16)10.24%
PT rev (1m)1.91%
PT rev (3m)18.22%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.18%
EPS NY rev (1m)0%
EPS NY rev (3m)0.91%
Revenue NQ rev (1m)-1.26%
Revenue NQ rev (3m)-0.7%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.45%
Valuation
Industry RankSector Rank
PE 27.71
Fwd PE 20.83
P/S 2.24
P/FCF 31.58
P/OCF 10.63
P/B 6.16
P/tB 6.81
EV/EBITDA 12.34
EPS(TTM)2.64
EY3.61%
EPS(NY)3.51
Fwd EY4.8%
FCF(TTM)2.32
FCFY3.17%
OCF(TTM)6.88
OCFY9.41%
SpS32.68
BVpS11.88
TBVpS10.74
PEG (NY)0.95
PEG (5Y)5.68
Graham Number26.57
Profitability
Industry RankSector Rank
ROA 7.99%
ROE 21.06%
ROCE 13.65%
ROIC 9.84%
ROICexc 9.92%
ROICexgc 10.42%
OM 10.16%
PM (TTM) 7.66%
GM 29.83%
FCFM 7.09%
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-Score7
Asset Turnover1.04
Health
Industry RankSector Rank
Debt/Equity 0.82
Debt/FCF 4.54
Debt/EBITDA 1.43
Cap/Depr 132.5%
Cap/Sales 13.97%
Interest Coverage 5.35
Cash Conversion 101.72%
Profit Quality 92.58%
Current Ratio 1.48
Quick Ratio 1.4
Altman-Z 4.2
F-Score7
WACC8.85%
ROIC/WACC1.11
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)36.88%
EPS 3YN/A
EPS 5Y4.88%
EPS Q2Q%26.47%
EPS Next Y29.09%
EPS Next 2Y26.6%
EPS Next 3Y25.41%
EPS Next 5YN/A
Revenue 1Y (TTM)10.18%
Revenue growth 3Y17.96%
Revenue growth 5Y2.63%
Sales Q2Q%8.11%
Revenue Next Year11.38%
Revenue Next 2Y10.41%
Revenue Next 3Y10.2%
Revenue Next 5YN/A
EBIT growth 1Y11.28%
EBIT growth 3YN/A
EBIT growth 5Y0.51%
EBIT Next Year119.75%
EBIT Next 3Y40.78%
EBIT Next 5YN/A
FCF growth 1Y559.15%
FCF growth 3Y62.26%
FCF growth 5YN/A
OCF growth 1Y40.45%
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.


What is the valuation status of BADGER INFRASTRUCTURE SOLUTI (BDGI.CA) stock?

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 6 / 10.


What is the earnings growth outlook for BADGER INFRASTRUCTURE SOLUTI?

The Earnings per Share (EPS) of BADGER INFRASTRUCTURE SOLUTI (BDGI.CA) is expected to grow by 29.09% in the next year.


Is the dividend of BADGER INFRASTRUCTURE SOLUTI sustainable?

The dividend rating of BADGER INFRASTRUCTURE SOLUTI (BDGI.CA) is 5 / 10 and the dividend payout ratio is 29.17%.