$BDT.CA, a stock I am owning since December 4, 2020, just released super-strong Q4 results. Actually, as expected as per my analysis here: https://www.wininstocks.com/post/bird-construction-inc-tse-bdt-stock-analysis-financial-position-price-predictions
Fourth Quarter 2020 compared to Fourth Quarter 2019
Construction revenue of $555.0 million, representing a 31.9% increase year-over-year.
Net income and earnings per share were $20.5 million and $0.39, respectively, compared to $8.2 million and $0.19 in Q4 2019. The estimate from the market was $0.18 (+112% surprise).
Adjusted Earnings and Adjusted Earnings Per Share were $21.5 million and $0.41, respectively, compared to $8.2 million and $0.19 in Q4 2019.
Adjusted EBITDA of $40.0 million, or 7.2% of revenues, reflects a 149.9% increase in Adjusted EBITDA and a 340 bps improvement in Adjusted EBITDA Margin.
More positive news for $BDT.CA : Bird Construction Awarded Contract for Accelerated Builds at Kenora Jail and Thunder Bay Correctional Centre: https://www.newswire.ca/news-releases/bird-construction-awarded-contract-for-accelerated-builds-at-kenora-jail-and-thunder-bay-correctional-centre-855451152.html
Overall, at the current quarterly EPS of $0.39, we are looking at a PE ratio of just 6.4 (if it continues to deliver such EPS in the next 3 quarters) for a growing company. The Canadian Construction industry average is 30.1x. Even if we use a conservative PE of 15 we could target the price of $23.
I am adding more tomorrow.