BADGER INFRASTRUCTURE SOLUTI (BDGI.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:BDGI • CA0565331026

74.24 CAD
-2.75 (-3.57%)
Last: Feb 3, 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 is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. 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.
  • BDGI had a positive operating cash flow in the past year.
  • BDGI had positive earnings in 4 of the past 5 years.
  • BDGI had a positive operating cash flow in each of the past 5 years.
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's Return On Assets of 7.99% is fine compared to the rest of the industry. BDGI outperforms 75.00% of its industry peers.
  • BDGI has a Return On Equity of 21.06%. This is in the better half of the industry: BDGI outperforms 75.00% of its industry peers.
  • BDGI's Return On Invested Capital of 9.84% is fine compared to the rest of the industry. BDGI outperforms 75.00% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for BDGI 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's Profit Margin of 7.66% is amongst the best of the industry. BDGI outperforms 87.50% of its industry peers.
  • 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 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

  • BDGI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it 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 4.23. This indicates that BDGI is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of BDGI (4.23) is better than 87.50% of its industry peers.
  • 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.
  • BDGI's Debt to FCF ratio of 4.54 is fine compared to the rest 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.
  • The Debt to Equity ratio of BDGI (0.82) is worse than 75.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.82
Debt/FCF 4.54
Altman-Z 4.23
ROIC/WACC1.05
WACC9.41%
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.
  • BDGI has a Current ratio of 1.48. This is amongst the best in the industry. BDGI outperforms 100.00% of its industry peers.
  • A Quick Ratio of 1.40 indicates that BDGI should not have too much problems paying its short term obligations.
  • BDGI has a better Quick ratio (1.40) 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.
  • Measured over the past 5 years, BDGI shows a small growth in Earnings Per Share. The EPS has been growing by 4.88% on average per year.
  • 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

  • BDGI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.41% yearly.
  • The Revenue is expected to grow by 10.20% on average over the next years. This is quite good.
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.
  • 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

6

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 28.23, which means the current valuation is very expensive for BDGI.
  • Based on the Price/Earnings ratio, BDGI is valued a bit 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 (28.18), we can say BDGI is valued inline with the index average.
  • The Price/Forward Earnings ratio is 21.21, which indicates a rather expensive current valuation of BDGI.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of BDGI indicates a rather cheap valuation: BDGI is cheaper than 87.50% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 25.51. BDGI is around the same levels.
Industry RankSector Rank
PE 28.23
Fwd PE 21.21
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.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of BDGI indicates a somewhat cheap valuation: BDGI is cheaper than 75.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 32.16
EV/EBITDA 12.46
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)0.97
PEG (5Y)5.79
EPS Next 2Y26.6%
EPS Next 3Y25.41%

5

5. Dividend

5.1 Amount

  • BDGI has a yearly dividend return of 0.96%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.89, BDGI pays a bit more dividend than its industry peers.
  • With a Dividend Yield of 0.96, BDGI pays less dividend than the S&P500 average, which is at 1.83.
Industry RankSector Rank
Dividend Yield 0.96%

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 (2/3/2026, 7:00:00 PM)

74.24

-2.75 (-3.57%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)11-05
Earnings (Next)03-03
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
Analysts78.57
Price Target77.1 (3.85%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.96%
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)0%
PT rev (3m)30.25%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.18%
EPS NY rev (1m)0%
EPS NY rev (3m)0.85%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.56%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.6%
Valuation
Industry RankSector Rank
PE 28.23
Fwd PE 21.21
P/S 2.28
P/FCF 32.16
P/OCF 10.82
P/B 6.27
P/tB 6.94
EV/EBITDA 12.46
EPS(TTM)2.63
EY3.54%
EPS(NY)3.5
Fwd EY4.71%
FCF(TTM)2.31
FCFY3.11%
OCF(TTM)6.86
OCFY9.24%
SpS32.57
BVpS11.84
TBVpS10.7
PEG (NY)0.97
PEG (5Y)5.79
Graham Number26.47
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 4.23
F-Score7
WACC9.41%
ROIC/WACC1.05
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 6 / 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%.