BADGER INFRASTRUCTURE SOLUTI (BDGI.CA) Fundamental Analysis & Valuation
TSX:BDGI • CA0565331026
74.18 CAD
-1.44 (-1.9%)
Last: Mar 3, 2026, 07:00 PM
This BDGI.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Overall BDGI gets a fundamental rating of 6 out of 10. We evaluated BDGI against 8 industry peers in the Construction & Engineering industry. While BDGI has a great health rating, its profitability is only average at the moment. 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!
1. BDGI.CA Profitability Analysis
1.1 Basic Checks
- In the past year BDGI was profitable.
- BDGI had a positive operating cash flow in the past year.
- Of the past 5 years BDGI 4 years were profitable.
- BDGI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- BDGI has a Return On Assets of 7.99%. This is in the better half of the industry: BDGI outperforms 75.00% of its industry peers.
- The Return On Equity of BDGI (21.06%) is better than 75.00% of its industry peers.
- With a decent Return On Invested Capital value of 9.84%, BDGI is doing good in the industry, outperforming 75.00% 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 71.03%.
- The 3 year average ROIC (8.92%) for BDGI is below the current ROIC(9.84%), indicating increased profibility in the last year.
| Industry Rank | Sector 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
1.3 Margins
- BDGI has a better Profit Margin (7.66%) than 87.50% of its industry peers.
- In the last couple of years the Profit Margin of BDGI has declined.
- Looking at the Operating Margin, with a value of 10.16%, BDGI is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
- In the last couple of years the Operating Margin of BDGI has declined.
- BDGI has a better Gross Margin (29.83%) than 87.50% 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 Rank | Sector 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%
2. BDGI.CA Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BDGI is still creating some value.
- Compared to 1 year ago, BDGI has about the same amount of shares outstanding.
- BDGI has less shares outstanding than it did 5 years ago.
- BDGI has a better debt/assets ratio than last year.
2.2 Solvency
- BDGI has an Altman-Z score of 4.24. This indicates that BDGI is financially healthy and has little risk of bankruptcy at the moment.
- The Altman-Z score of BDGI (4.24) is better than 87.50% 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 has a Debt to FCF ratio of 4.54. This is in the better half of the industry: BDGI outperforms 75.00% of its industry peers.
- A Debt/Equity ratio of 0.82 indicates that BDGI is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.82, BDGI is doing worse than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 4.54 | ||
| Altman-Z | 4.24 |
ROIC/WACC1.09
WACC9%
2.3 Liquidity
- A Current Ratio of 1.48 indicates that BDGI should not have too much problems paying its short term obligations.
- BDGI has a better Current ratio (1.48) than 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.
- With an excellent Quick ratio value of 1.40, BDGI belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.48 | ||
| Quick Ratio | 1.4 |
3. BDGI.CA Growth Analysis
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.
- BDGI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.18%.
- The Revenue has been growing slightly by 2.63% on average over the past years.
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
- The Earnings Per Share is expected to grow by 25.41% on average over the next years. This is a very strong growth
- BDGI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.98% yearly.
EPS Next Y29.09%
EPS Next 2Y26.6%
EPS Next 3Y25.41%
EPS Next 5YN/A
Revenue Next Year11.33%
Revenue Next 2Y10.37%
Revenue Next 3Y9.98%
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.
4. BDGI.CA Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 28.10, the valuation of BDGI can be described as expensive.
- BDGI's Price/Earnings ratio is a bit cheaper when compared to the industry. BDGI is cheaper than 62.50% of the companies in the same industry.
- When comparing the Price/Earnings ratio of BDGI to the average of the S&P500 Index (26.83), we can say BDGI is valued inline with the index average.
- Based on the Price/Forward Earnings ratio of 21.14, the valuation of BDGI can be described as rather expensive.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of BDGI indicates a somewhat cheap valuation: BDGI is cheaper than 75.00% of the companies listed in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 24.95. BDGI is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.1 | ||
| Fwd PE | 21.14 |
4.2 Price Multiples
- 87.50% of the companies in the same industry are more expensive than BDGI, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, BDGI is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 32.04 | ||
| EV/EBITDA | 12.49 |
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.
- The decent profitability rating of BDGI 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)0.97
PEG (5Y)5.76
EPS Next 2Y26.6%
EPS Next 3Y25.41%
5. BDGI.CA Dividend Analysis
5.1 Amount
- BDGI has a Yearly Dividend Yield of 1.01%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 0.87, BDGI pays a bit more dividend than its industry peers.
- With a Dividend Yield of 1.01, BDGI pays less dividend than the S&P500 average, which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.01% |
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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)-1.23%
Div Incr Years9
Div Non Decr Years13
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 Fundamentals: All Metrics, Ratios and Statistics
TSX:BDGI (3/3/2026, 7:00:00 PM)
74.18
-1.44 (-1.9%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)11-05 2025-11-05/amc
Earnings (Next)03-05 2026-03-05/amc
Inst Owners56.94%
Inst Owner ChangeN/A
Ins Owners0.38%
Ins Owner ChangeN/A
Market Cap2.50B
Revenue(TTM)805.35M
Net Income(TTM)61.65M
Analysts75.71
Price Target78.68 (6.07%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.01% |
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)2.06%
PT rev (3m)3.5%
EPS NQ rev (1m)-1.94%
EPS NQ rev (3m)-1.94%
EPS NY rev (1m)0%
EPS NY rev (3m)0.91%
Revenue NQ rev (1m)-1.52%
Revenue NQ rev (3m)-1.42%
Revenue NY rev (1m)-0.05%
Revenue NY rev (3m)1.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.1 | ||
| Fwd PE | 21.14 | ||
| P/S | 2.27 | ||
| P/FCF | 32.04 | ||
| P/OCF | 10.78 | ||
| P/B | 6.25 | ||
| P/tB | 6.91 | ||
| EV/EBITDA | 12.49 |
EPS(TTM)2.64
EY3.56%
EPS(NY)3.51
Fwd EY4.73%
FCF(TTM)2.32
FCFY3.12%
OCF(TTM)6.88
OCFY9.27%
SpS32.67
BVpS11.87
TBVpS10.73
PEG (NY)0.97
PEG (5Y)5.76
Graham Number26.56
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 4.24 |
F-Score7
WACC9%
ROIC/WACC1.09
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 Year11.33%
Revenue Next 2Y10.37%
Revenue Next 3Y9.98%
Revenue Next 5YN/A
EBIT growth 1Y11.28%
EBIT growth 3YN/A
EBIT growth 5Y0.51%
EBIT Next Year119.68%
EBIT Next 3Y41.11%
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%.