Bird Construction (BDT) AI Stock Analysis

• Market Cap: C$1.70B
• Dividend Yield: 2.66%
• Average Volume (3M): 287.94K
• Price to Earnings (P/E): 17.2
• Beta (1Y): 1.59
• Revenue Growth: 8.49%
• EPS Growth: 14.10%
• Country: CA
• Employees: 6,000
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 0.50
• Shares Outstanding: 55,382,830
• 10 Day Avg. Volume: 219,973
• 30 Day Avg. Volume: 287,940
• PEG Ratio: 0.37
• Price to Book (P/B): 3.30
• Price to Sales (P/S): 0.42
• P/FCF Ratio: 17.65
• 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: C$34.75
• Price Target Upside: 13.04% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6

• Rating: 71 Outperform
• Price Target: C$29.00 ▼(-5.66% Downside)

Bird Construction's strong financial performance and strategic focus on high-margin sectors are significant strengths. The improved margins and record backlog from the earnings call further enhance its outlook. However, recent revenue declines and project delays due to economic uncertainty pose challenges. The stock's reasonable valuation and attractive dividend yield provide additional support.

Positive Factors

Improved Margins

Improved margins indicate effective cost management and strategic focus on high-margin sectors, enhancing long-term profitability.

Record Backlog

A record backlog signifies strong future revenue streams and demand, supporting sustained business growth and stability.

Strategic Sector Focus

Focusing on strategic sectors aligns with national growth priorities, positioning Bird for long-term success and market leadership.

Negative Factors

Impact of Global Trade Uncertainty

Global trade uncertainty can lead to project delays, affecting revenue and strategic execution, posing risks to business stability.

Project Delays Due to Economic Uncertainty

Project delays due to economic uncertainty can disrupt cash flow and hinder operational efficiency, affecting long-term planning.

Revenue Decline

A decline in revenue can signal potential challenges in maintaining growth, impacting financial performance and investor confidence.

Bird Construction Business Overview & Revenue Model

Company Description

Bird Construction (BDT) is a leading Canadian general contractor with a rich history in the construction industry. The company operates through various sectors including commercial, institutional, residential, and industrial construction. Bird Construction is known for delivering high-quality projects across Canada, offering services in construction management, design-build, and general contracting. The company's portfolio includes projects in the public and private sectors, ranging from small-scale projects to large, complex developments.

How the Company Makes Money

Bird Construction makes money through its comprehensive range of construction services. The primary revenue streams include construction management, where the company oversees project execution and ensures timely completion; design-build services, which involve both designing and constructing projects according to client specifications; and general contracting, where Bird Construction manages all aspects of the construction process. These services generate revenue through contracts with private developers, government entities, and other organizations. The company also benefits from strategic partnerships and joint ventures that enhance its ability to undertake large-scale projects, further contributing to its earnings. Bird's focus on efficiency, sustainability, and innovation strengthens its market position and helps maintain a steady flow of projects and revenue.

Bird Construction Financial Statement Overview

Summary

Bird Construction demonstrates strong financial health with consistent revenue growth and profitability. The company effectively manages its debt levels, maintaining a stable balance sheet. However, recent declines in cash flow growth and revenue in the TTM period highlight potential areas for improvement.

Income Statement

Bird Construction shows a consistent revenue growth trend over the years, although the TTM data indicates a slight decline. The company maintains healthy gross and net profit margins, with a slight decrease in the TTM period. The EBIT and EBITDA margins are stable, reflecting operational efficiency. Overall, the income statement reflects a strong financial performance with some recent challenges.

Balance Sheet

The balance sheet indicates a moderate debt-to-equity ratio, suggesting a balanced approach to leveraging. The return on equity is robust, indicating effective use of equity to generate profits. The equity ratio is stable, reflecting a solid financial foundation. However, the increase in total debt in the TTM period is a point of concern.

Cash Flow

Cash flow analysis shows a decline in free cash flow growth in the TTM period, which could impact future liquidity. The operating cash flow to net income ratio is low, indicating potential challenges in converting income into cash. However, the free cash flow to net income ratio remains healthy, suggesting efficient cash management despite recent declines.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.40B	3.40B	2.80B	2.37B	2.22B	1.50B
Gross Profit	356.35M	328.76M	240.54M	201.76M	205.48M	147.50M
EBITDA	195.87M	151.44M	104.37M	92.36M	90.00M	81.70M
Net Income	98.38M	100.10M	71.54M	49.86M	42.78M	36.10M
Balance Sheet
Total Assets	1.79B	1.81B	1.42B	1.23B	1.14B	1.07B
Cash, Cash Equivalents and Short-Term Investments	142.59M	177.44M	177.58M	174.61M	190.19M	212.07M
Total Debt	398.02M	261.36M	151.36M	148.35M	158.04M	151.04M
Total Liabilities	1.35B	1.38B	1.10B	953.75M	893.66M	854.94M
Stockholders Equity	437.22M	430.28M	322.49M	272.99M	243.49M	212.61M
Cash Flow
Free Cash Flow	61.72M	96.21M	60.64M	27.50M	26.26M	120.24M
Operating Cash Flow	91.16M	117.37M	76.47M	44.32M	38.02M	134.47M
Investing Cash Flow	-113.36M	-134.43M	-28.17M	-15.73M	-25.50M	-59.42M
Financing Cash Flow	63.10M	16.83M	-45.36M	-44.28M	-34.25M	-43.28M

Bird Construction Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 30.74
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BDT, the sentiment is Positive. The current price of 30.74 is above the 20-day moving average (MA) of 29.23, above the 50-day MA of 27.20, and above the 200-day MA of 24.91, indicating a bullish trend. The MACD of 1.15 indicates Negative momentum. The RSI at 69.54 is Neutral, neither overbought nor oversold. The STOCH value of 75.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BDT.

Bird Construction Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
STN	75 Outperform	C$17.71B	40.55	14.26%	0.56%	12.49%	26.18%
WSP	74 Outperform	C$36.30B	45.12	10.52%	0.53%	18.24%	28.47%
ATRL	72 Outperform	$16.54B	6.81	57.95%	0.08%	13.07%	697.05%
BDT	71 Outperform	C$1.70B	17.21	25.25%	2.66%	8.49%	14.10%
ARE	66 Neutral	C$1.57B	61.75	2.78%	3.05%	20.53%	74.96%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
MSP	21 Underperform	C$7.05M	6.44	22.10%	―	―	―

Bird Construction Corporate Events

Bird Construction Reports Strong Q2 2025 Results with Record Backlog

Bird Construction announced its 2025 second-quarter results, highlighting strong margin accretion and a record backlog despite temporary project delays due to changing market conditions. The company reported an increase in gross profit percentage and adjusted EBITDA margin compared to the previous year, with a record backlog of $4.6 billion, positioning it well for future growth. While revenue saw a slight decrease, Bird secured $1.2 billion in additional work, reflecting robust demand and a healthy balance sheet that supports its growth strategy.

The most recent analyst rating on (TSE:BDT) stock is a Hold with a C$31.00 price target. To see the full list of analyst forecasts on Bird Construction stock, see the TSE:BDT Stock Forecast page.

Bird Construction Announces Successful Election of Board Members

Bird Construction Inc. announced the results of its Board of Directors election at the annual general meeting of shareholders. All nominees were successfully elected, with high percentages of votes in favor, ensuring continuity and stability in the company’s leadership. This announcement underscores Bird’s commitment to maintaining strong governance and leadership as it continues to serve Canada’s construction and maintenance industry.

The most recent analyst rating on (TSE:BDT) stock is a Hold with a C$26.00 price target. To see the full list of analyst forecasts on Bird Construction stock, see the TSE:BDT Stock Forecast page.

Bird Construction to Announce Q2 2025 Financial Results

Bird Construction Inc. announced the release date for its 2025 second quarter financial results, which will be available after market close on August 13, 2025. A conference call and live webcast to discuss these results will be hosted by the company’s executives on August 14, 2025. This announcement is significant as it provides stakeholders with insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and investor relations.

The most recent analyst rating on (TSE:BDT) stock is a Hold with a C$26.00 price target. To see the full list of analyst forecasts on Bird Construction stock, see the TSE:BDT Stock Forecast page.

Bird Construction Secures $525 Million in New Projects Across Key Sectors

Bird Construction Inc. has secured three significant projects worth over $525 million, enhancing its presence in the buildings and infrastructure sectors. These projects include the Transportation Safety and Technology Science Hub in Ottawa, the Beverly Heights Seniors Housing project in Edmonton, and a mining infrastructure upgrade. These awards underscore Bird’s strong market positioning and the trust clients place in its expertise, despite current economic uncertainties.

The most recent analyst rating on (TSE:BDT) stock is a Hold with a C$25.50 price target. To see the full list of analyst forecasts on Bird Construction stock, see the TSE:BDT Stock Forecast page.