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

Overall BDGI gets a fundamental rating of 6 out of 10. We evaluated BDGI 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 not overvalued while it is showing excellent growth. This is an interesting combination. With these ratings, BDGI could be worth investigating further for growth investing!.


Dividend Valuation Growth Profitability Health

6

1. Profitability

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.
  • 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

  • The Return On Assets of BDGI (7.99%) is better than 75.00% of its industry peers.
  • BDGI's Return On Equity of 21.06% is fine compared to the rest of the industry. BDGI outperforms 75.00% of its industry peers.
  • The Return On Invested Capital of BDGI (9.84%) is better than 75.00% of its industry peers.
  • BDGI had an Average Return On Invested Capital over the past 3 years of 8.92%. This is significantly below the industry average of 71.07%.
  • The last Return On Invested Capital (9.84%) for BDGI is above the 3 year average (8.92%), which is a sign of increasing profitability.
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

  • BDGI has a better Profit Margin (7.66%) than 87.50% of its industry peers.
  • BDGI's Profit Margin has declined in the last couple of years.
  • BDGI has a Operating Margin of 10.16%. This is amongst the best in the industry. BDGI outperforms 87.50% of its industry peers.
  • BDGI's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 29.83%, BDGI is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
  • 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
  • Compared to 1 year ago, BDGI has an improved debt to assets ratio.
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 4.16. This indicates that BDGI is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 4.16, BDGI belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
  • BDGI has a debt to FCF ratio of 4.54. This is a neutral value as BDGI would need 4.54 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 4.54, BDGI is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
  • A Debt/Equity ratio of 0.82 indicates that BDGI is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.82, BDGI is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.82
Debt/FCF 4.54
Altman-Z 4.16
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

  • A Current Ratio of 1.48 indicates that BDGI should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.48, BDGI belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • A Quick Ratio of 1.40 indicates that BDGI should not have too much problems paying its short term obligations.
  • The Quick ratio of BDGI (1.40) is better than 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.
  • Looking at the last year, BDGI shows a quite strong growth in Revenue. The Revenue has grown by 10.18% in the last year.
  • Measured over the past years, BDGI shows a small growth in Revenue. The Revenue has been growing by 2.63% on average per year.
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 10.20% yearly.
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

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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

  • A Price/Earnings ratio of 27.71 indicates a quite expensive valuation of BDGI.
  • The rest of the industry has a similar Price/Earnings ratio as BDGI.
  • BDGI's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.99.
  • The Price/Forward Earnings ratio is 20.82, which indicates a rather expensive current valuation of BDGI.
  • BDGI's Price/Forward 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/Forward Earnings ratio of BDGI to the average of the S&P500 Index (28.06), we can say BDGI is valued slightly cheaper.
Industry RankSector Rank
PE 27.71
Fwd PE 20.82
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

  • 87.50% of the companies in the same industry are more expensive than BDGI, based on the Enterprise Value to EBITDA ratio.
  • BDGI's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BDGI is cheaper than 75.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 31.56
EV/EBITDA 12.14
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

  • The 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

  • With a Yearly Dividend Yield of 1.14%, BDGI has a reasonable but not impressive dividend return.
  • BDGI's Dividend Yield is a higher than the industry average which is at 0.94.
  • Compared to the average S&P500 Dividend Yield of 1.85, BDGI is paying slightly less dividend.
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

  • BDGI pays out 29.17% of its income as dividend. This is a 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 20.82
P/S 2.24
P/FCF 31.56
P/OCF 10.62
P/B 6.15
P/tB 6.81
EV/EBITDA 12.14
EPS(TTM)2.64
EY3.61%
EPS(NY)3.51
Fwd EY4.8%
FCF(TTM)2.32
FCFY3.17%
OCF(TTM)6.89
OCFY9.42%
SpS32.71
BVpS11.89
TBVpS10.75
PEG (NY)0.95
PEG (5Y)5.68
Graham Number26.58
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 4.16
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%.