Great Q4 results for BDT.CA (adding more tomorrow)

$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.

Source: https://www.newswire.ca/news-releases/bird-construction-inc-announces-2020-fourth-quarter-and-annual-financial-results-801081011.html



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.

9 views

Recent Posts

See All

Sold HZO (+32% profit); Added BDT.CA

Sold HZO, my target was $60 but decided it does not make sense to push it, especially I can use the money for other investments. As mentioned yesterday, bought more BDT (Bird Construction)

Back into EBIX based on news

Solid news for EBIX, likely going to reclaim part of the gap down. https://finance.yahoo.com/news/ebix-targets-file-2020-10-123000587.html