BADGER INFRASTRUCTURE SOLUTI (BDGI.CA) Stock Fundamental Analysis

TSX:BDGI • CA0565331026

68.65 CAD
-0.53 (-0.77%)
Last: Feb 17, 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. While BDGI has a great health rating, its profitability is only average at the moment. BDGI is growing strongly while it is still valued neutral. This is a good combination! 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.
  • 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's Return On Assets of 7.99% is fine compared to the rest of the industry. BDGI outperforms 75.00% of its industry peers.
  • With a decent Return On Equity value of 21.06%, BDGI is doing good in the industry, outperforming 75.00% of the companies in the same industry.
  • The Return On Invested Capital of BDGI (9.84%) is better than 75.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital 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

  • The Profit Margin of BDGI (7.66%) is better 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 belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
  • BDGI's Operating Margin has declined in the last couple of years.
  • BDGI's Gross Margin of 29.83% is fine compared to the rest of the industry. BDGI outperforms 75.00% 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 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

  • 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.
  • The number of shares outstanding for BDGI has been reduced compared to 5 years ago.
  • BDGI has a better debt/assets ratio than last year.
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 4.09. This indicates that BDGI is financially healthy and has little risk of bankruptcy at the moment.
  • BDGI has a better Altman-Z score (4.09) 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.
  • 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 4.09
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.
  • BDGI's Current ratio of 1.48 is amongst the best of 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

  • The Earnings Per Share has grown by an impressive 36.88% over the past year.
  • 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.
  • Looking at the last year, BDGI shows a quite strong growth in Revenue. The Revenue has grown by 10.18% in the last year.
  • 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.
  • 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 26.10 indicates a quite expensive valuation of BDGI.
  • The rest of the industry has a similar Price/Earnings ratio as BDGI.
  • The average S&P500 Price/Earnings ratio is at 27.16. BDGI is around the same levels.
  • With a Price/Forward Earnings ratio of 19.64, BDGI is valued on the expensive side.
  • Based on the Price/Forward Earnings ratio, BDGI is valued a bit cheaper than the industry average as 62.50% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of BDGI to the average of the S&P500 Index (28.10), we can say BDGI is valued slightly cheaper.
Industry RankSector Rank
PE 26.1
Fwd PE 19.64
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

  • BDGI's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. BDGI is cheaper than 87.50% of the companies in the same industry.
  • 75.00% 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 29.78
EV/EBITDA 11.8
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.
  • A more expensive valuation may be justified as BDGI's earnings are expected to grow with 25.41% in the coming years.
PEG (NY)0.9
PEG (5Y)5.35
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.
  • Compared to an average industry Dividend Yield of 0.94, BDGI pays a bit more dividend than its industry peers.
  • Compared to the average S&P500 Dividend Yield of 1.82, 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 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
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 (2/17/2026, 7:00:00 PM)

68.65

-0.53 (-0.77%)

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 Cap2.32B
Revenue(TTM)805.35M
Net Income(TTM)61.65M
Analysts75.71
Price Target78.57 (14.45%)
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 26.1
Fwd PE 19.64
P/S 2.11
P/FCF 29.78
P/OCF 10.02
P/B 5.81
P/tB 6.42
EV/EBITDA 11.8
EPS(TTM)2.63
EY3.83%
EPS(NY)3.49
Fwd EY5.09%
FCF(TTM)2.31
FCFY3.36%
OCF(TTM)6.85
OCFY9.98%
SpS32.53
BVpS11.82
TBVpS10.69
PEG (NY)0.9
PEG (5Y)5.35
Graham Number26.45
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 4.09
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%.