Badger Infrastructure Solutions (BDGI) AI Stock Analysis

• Market Cap: $1.38B
• Dividend Yield: 1.8%
• Average Volume (3M): 79.77K
• Price to Earnings (P/E): 20.5
• Beta (1Y): 0.82
• Revenue Growth: 10.97%
• EPS Growth: 24.27%
• Country: CA
• Employees: 2,517
• Sector: Industrials
• Sector Strength: 78
• Industry: Engineering & Construction
• EPS (TTM): 0.14
• Shares Outstanding: 34,004,540
• 10 Day Avg. Volume: 62,661
• 30 Day Avg. Volume: 79,774
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $48.62
• Price Target Upside: 20.23% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

Badger Infrastructure Solutions demonstrates strong financial performance with stable profitability and efficient cash management. The technical position is neutral, and valuation appears fair, with a moderate P/E ratio and reasonable dividend yield. The positive earnings call further supports a favorable outlook, highlighting growth in revenue and strategic initiatives. Overall, the stock presents a balanced investment opportunity with potential for growth.

Positive Factors

Dividend Increase

The company announced a 4% increase in its quarterly dividend to $0.1875 per share, reflecting a forward yield of approximately 2%.

Financial Performance

BDGI reported strong results, with Revenue per Truck remaining stable while margins expanded.

Growth Strategy

Badger introduced its 2025 build/retirement program, targeting net fleet growth of 4-7%.

Negative Factors

Macro Uncertainty

Given some near-term macro uncertainty, a more cautious approach to the shares is being taken.

Scaling Challenges

It could take several years for the company to scale to target levels, while risk from macro factors remains.

Badger Infrastructure Solutions Business Overview & Revenue Model

Company Description

Badger Infrastructure Solutions (BDGI) is a leading provider in the non-destructive excavation industry, primarily offering hydrovac services to safely and efficiently expose underground infrastructure. Operating across several sectors including utility, oil and gas, and construction, BDGI utilizes its fleet of specialized vacuum trucks to deliver essential excavation services that minimize damage to existing utilities and reduce environmental impact.

How the Company Makes Money

BDGI generates revenue primarily through its hydrovac excavation services, charging clients based on the scope and complexity of each project. Key revenue streams include service contracts with utility companies, municipalities, and industrial clients requiring safe excavation around underground infrastructure. The company may also engage in partnerships or collaborations with firms in related sectors to expand its service offerings and market reach, contributing to its earnings.

Badger Infrastructure Solutions Financial Statement Overview

Summary

Badger Infrastructure Solutions exhibits solid financial health with stable profitability and efficient cash management. The balance sheet shows reasonable leverage, but there is room for improvement in equity levels to reduce financial risk. Overall, the company maintains a robust financial position with opportunities for growth in revenue and profitability.

Income Statement

The company shows a healthy gross profit margin of approximately 29.4% TTM, indicating efficient cost management. Net profit margin is modest at around 6.5% TTM, reflecting stable profitability. Revenue growth is impressive over the years; however, recent growth in TTM is less pronounced. EBITDA margin of 22.8% TTM suggests strong operational efficiency.

Balance Sheet

Debt-to-equity ratio is moderate at 0.95, indicating manageable leverage. Return on Equity (ROE) at 19.4% TTM reflects good profitability relative to equity. Equity ratio of 38.2% shows a stable capital structure, yet slightly below optimal for minimizing risk.

Cash Flow

The company maintains strong operating cash flows, with a high operating cash flow to net income ratio of 2.96 TTM, indicating excellent cash generation. Free cash flow has grown steadily, with a positive growth rate from previous years, demonstrating effective cash management.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
744.95M	906.01M	570.81M	568.75M	558.63M
	Gross Profit
218.01M	253.19M	139.15M	119.01M	164.34M
	EBIT
86.06M	82.50M	34.87M	-2.31M	41.16M
	EBITDA
160.75M	152.86M	94.45M	69.29M	114.27M
	Net Income Common Stockholders
47.87M	55.35M	18.29M	-11.25M	19.41M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
14.62M	11.28M	5.40M	5.25M	17.30M
	Total Assets
669.42M	868.21M	533.00M	606.41M	622.88M
	Total Debt
220.28M	210.92M	165.99M	172.47M	146.94M
	Net Debt
205.66M	202.41M	160.59M	167.23M	129.64M
	Total Liabilities
411.22M	545.16M	310.15M	325.20M	294.37M
	Stockholders Equity
258.20M	323.05M	222.85M	281.20M	328.52M
Cash Flow		Free Cash Flow
43.82M	10.01M	1.57M	11.77M	76.66M
	Operating Cash Flow
146.28M	161.19M	68.33M	67.37M	139.25M
	Investing Cash Flow
-99.37M	-143.94M	-59.95M	-54.13M	-62.96M
	Financing Cash Flow
-41.16M	-13.14M	-7.18M	-25.20M	-67.28M

Badger Infrastructure Solutions Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 40.44
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BDGI, the sentiment is Positive. The current price of 40.44 is above the 20-day moving average (MA) of 37.09, above the 50-day MA of 38.41, and above the 200-day MA of 37.81, indicating a bullish trend. The MACD of 0.21 indicates Negative momentum. The RSI at 63.42 is Neutral, neither overbought nor oversold. The STOCH value of 89.59 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BDGI.

Badger Infrastructure Solutions Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BDT	79 Outperform	C$1.28B	12.58	26.59%	2.93%	21.39%	37.48%
WTE	75 Outperform	C$1.58B	13.78	15.84%	5.86%	7.98%	-0.29%
WJX	73 Outperform	C$393.60M	9.22	8.49%	7.71%	-2.65%	-47.65%
MTL	73 Outperform	C$1.08B	9.70	10.81%	6.04%	3.28%	-14.21%
BDGI	70 Outperform	$1.38B	20.46	19.89%	1.80%	10.97%	24.27%
Sector *	64 Neutral	$4.27B	11.81	5.31%	249.66%	4.08%	-8.61%
ARE	52 Neutral	C$1.08B	―	-5.87%	4.40%	-8.64%	-136.62%

Badger Infrastructure Solutions Corporate Events

Badger Infrastructure Solutions Secures Shareholder Approval at 2025 Annual Meeting

Badger Infrastructure Solutions announced that all motions at its 2025 annual shareholders’ meeting were approved, with a significant 82.36% of common shares represented. All ten director nominees were elected, and Deloitte LLP was appointed as the company’s auditor. The approval of executive compensation reflects strong shareholder support, indicating confidence in the company’s strategic direction.

Spark’s Take on TSE:BDGI Stock

According to Spark, TipRanks’ AI Analyst, TSE:BDGI is a Outperform.

Badger Infrastructure Solutions’ overall score reflects its strong financial performance, supported by consistent revenue growth and effective cost management. While the stock shows neutral technical indicators and moderate valuation, positive earnings calls and corporate events indicate potential stability and growth.

To see Spark’s full report on TSE:BDGI stock, click here.

Badger Infrastructure Solutions Reports Strong Q1 2025 Growth

Badger Infrastructure Solutions Ltd. reported a strong start to 2025 with a 7% increase in revenue to $172.6 million and a 16% rise in Adjusted EBITDA compared to the previous year. Despite challenging weather conditions in the southern U.S., the company demonstrated operational resilience and is preparing for further growth in its hydrovac services, planning to expand its fleet by 4% to 7% to meet increasing demand.

Spark’s Take on TSE:BDGI Stock

According to Spark, TipRanks’ AI Analyst, TSE:BDGI is a Outperform.

Badger Infrastructure Solutions receives a solid overall score due to its strong financial performance, highlighted by revenue growth and effective cost management. Despite some liabilities and external challenges, the company’s positive earnings call and moderate valuation support the stock’s potential stability and growth.

To see Spark’s full report on TSE:BDGI stock, click here.

Badger Infrastructure Solutions Announces Q1 2025 Results Release and Annual Meeting Details

Badger Infrastructure Solutions Ltd. has announced the release date for its Q1 2025 financial results, which will be available on April 29, 2025, followed by a conference call on April 30, 2025. Additionally, the company has filed its Management Information Circular for the 2025 Annual Meeting of Shareholders, scheduled for April 30, 2025, where shareholders can participate virtually. These announcements are significant for stakeholders as they provide insights into the company’s financial performance and strategic direction.

Spark’s Take on TSE:BDGI Stock

According to Spark, TipRanks’ AI Analyst, TSE:BDGI is a Outperform.

Badger Infrastructure Solutions’ overall stock score reflects solid financial health, with significant revenue and profit margin improvements bolstered by effective management strategies. Technical analysis supports a positive trend, while valuation remains reasonable. Despite some challenges in Canadian operations and tariff uncertainties, the company’s proactive measures, including dividend increases and fleet expansion, contribute to a favorable outlook.

To see Spark’s full report on TSE:BDGI stock, click here.

Badger Infrastructure Solutions Reports Strong 2024 Growth and Dividend Increase

Badger Infrastructure Solutions Ltd. reported strong financial results for 2024, with a 9% increase in annual revenue and a 17% rise in Adjusted EBITDA compared to 2023. The company announced a 4.2% increase in its quarterly dividend and plans to expand its fleet by up to 7% in 2025, reflecting its commitment to growth and shareholder returns.

Badger Infrastructure Solutions Sets Date for Q4 2024 Results Release

Badger Infrastructure Solutions Ltd. announced it will release its fourth quarter 2024 results on March 5, 2025, after market close, with a conference call scheduled for March 6, 2025. This announcement is part of Badger’s ongoing efforts to maintain transparency and engage with investors, analysts, and brokers regarding its financial performance and strategic positioning in the non-destructive excavation industry.