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BLACK DIAMOND GROUP LTD (BDI.CA) Stock Fundamental Analysis

TSX:BDI - Toronto Stock Exchange - CA09202D2077 - Common Stock - Currency: CAD

8.96  -0.06 (-0.67%)

Fundamental Rating

4

Taking everything into account, BDI scores 4 out of 10 in our fundamental rating. BDI was compared to 25 industry peers in the Commercial Services & Supplies industry. BDI scores excellent on profitability, but there are concerns on its financial health. BDI is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

BDI had positive earnings in the past year.
BDI had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: BDI reported negative net income in multiple years.
In the past 5 years BDI always reported a positive cash flow from operatings.
BDI.CA Yearly Net Income VS EBIT VS OCF VS FCFBDI.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M 100M

1.2 Ratios

BDI's Return On Assets of 3.24% is fine compared to the rest of the industry. BDI outperforms 76.00% of its industry peers.
BDI has a better Return On Equity (7.91%) than 72.00% of its industry peers.
With a decent Return On Invested Capital value of 5.62%, BDI is doing good in the industry, outperforming 68.00% of the companies in the same industry.
BDI had an Average Return On Invested Capital over the past 3 years of 5.57%. This is below the industry average of 7.92%.
The 3 year average ROIC (5.57%) for BDI is below the current ROIC(5.62%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 3.24%
ROE 7.91%
ROIC 5.62%
ROA(3y)4.2%
ROA(5y)2.03%
ROE(3y)9.66%
ROE(5y)4.76%
ROIC(3y)5.57%
ROIC(5y)N/A
BDI.CA Yearly ROA, ROE, ROICBDI.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10 -20 -30 -40

1.3 Margins

BDI has a better Profit Margin (6.46%) than 80.00% of its industry peers.
BDI has a better Operating Margin (13.16%) than 84.00% of its industry peers.
BDI's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 46.06%, BDI is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
In the last couple of years the Gross Margin of BDI has grown nicely.
Industry RankSector Rank
OM 13.16%
PM (TTM) 6.46%
GM 46.06%
OM growth 3Y140.3%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.95%
GM growth 5Y1.61%
BDI.CA Yearly Profit, Operating, Gross MarginsBDI.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 -40 -60

3

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BDI is destroying value.
The number of shares outstanding for BDI has been increased compared to 1 year ago.
The number of shares outstanding for BDI has been increased compared to 5 years ago.
Compared to 1 year ago, BDI has an improved debt to assets ratio.
BDI.CA Yearly Shares OutstandingBDI.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M
BDI.CA Yearly Total Debt VS Total AssetsBDI.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M

2.2 Solvency

Based on the Altman-Z score of 1.28, we must say that BDI is in the distress zone and has some risk of bankruptcy.
BDI's Altman-Z score of 1.28 is in line compared to the rest of the industry. BDI outperforms 44.00% of its industry peers.
BDI has a debt to FCF ratio of 34.49. This is a negative value and a sign of low solvency as BDI would need 34.49 years to pay back of all of its debts.
BDI has a Debt to FCF ratio (34.49) which is in line with its industry peers.
A Debt/Equity ratio of 0.86 indicates that BDI is somewhat dependend on debt financing.
BDI has a Debt to Equity ratio of 0.86. This is comparable to the rest of the industry: BDI outperforms 60.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.86
Debt/FCF 34.49
Altman-Z 1.28
ROIC/WACC0.77
WACC7.32%
BDI.CA Yearly LT Debt VS Equity VS FCFBDI.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M

2.3 Liquidity

BDI has a Current Ratio of 1.17. This is a normal value and indicates that BDI is financially healthy and should not expect problems in meeting its short term obligations.
BDI's Current ratio of 1.17 is in line compared to the rest of the industry. BDI outperforms 48.00% of its industry peers.
A Quick Ratio of 1.17 indicates that BDI should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.17, BDI perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.17
Quick Ratio 1.17
BDI.CA Yearly Current Assets VS Current LiabilitesBDI.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M

3

3. Growth

3.1 Past

The earnings per share for BDI have decreased strongly by -21.15% in the last year.
The Revenue has decreased by -1.45% in the past year.
Measured over the past years, BDI shows a quite strong growth in Revenue. The Revenue has been growing by 18.86% on average per year.
EPS 1Y (TTM)-21.15%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-45.45%
Revenue 1Y (TTM)-1.45%
Revenue growth 3Y29.81%
Revenue growth 5Y18.86%
Sales Q2Q%-13.89%

3.2 Future

BDI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.63% yearly.
BDI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.67% yearly.
EPS Next Y-16.97%
EPS Next 2Y0.11%
EPS Next 3Y8.63%
EPS Next 5YN/A
Revenue Next Year-2.71%
Revenue Next 2Y1.52%
Revenue Next 3Y2.67%
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
BDI.CA Yearly Revenue VS EstimatesBDI.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M 400M
BDI.CA Yearly EPS VS EstimatesBDI.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 0.5 1

4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 21.85, which indicates a rather expensive current valuation of BDI.
Based on the Price/Earnings ratio, BDI is valued a bit cheaper than the industry average as 76.00% of the companies are valued more expensively.
BDI's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.12.
A Price/Forward Earnings ratio of 17.19 indicates a rather expensive valuation of BDI.
Based on the Price/Forward Earnings ratio, BDI is valued a bit cheaper than the industry average as 68.00% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of BDI to the average of the S&P500 Index (94.77), we can say BDI is valued rather cheaply.
Industry RankSector Rank
PE 21.85
Fwd PE 17.19
BDI.CA Price Earnings VS Forward Price EarningsBDI.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BDI indicates a somewhat cheap valuation: BDI is cheaper than 72.00% of the companies listed in the same industry.
BDI's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 71.05
EV/EBITDA 8.58
BDI.CA Per share dataBDI.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

The decent profitability rating of BDI may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y0.11%
EPS Next 3Y8.63%

4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 1.53%, BDI has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.01, BDI pays a bit more dividend than its industry peers.
BDI's Dividend Yield is slightly below the S&P500 average, which is at 2.29.
Industry RankSector Rank
Dividend Yield 1.53%

5.2 History

The dividend of BDI decreases each year by -25.42%.
BDI has paid a dividend for at least 10 years, which is a reliable track record.
BDI has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-25.42%
Div Incr Years3
Div Non Decr Years3
BDI.CA Yearly Dividends per shareBDI.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2021 2022 2023 2024 0.2 0.4 0.6 0.8

5.3 Sustainability

27.65% of the earnings are spent on dividend by BDI. This is a low number and sustainable payout ratio.
DP27.65%
EPS Next 2Y0.11%
EPS Next 3Y8.63%
BDI.CA Yearly Income VS Free CF VS DividendBDI.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M
BDI.CA Dividend Payout.BDI.CA Dividend Payout, showing the Payout Ratio.BDI.CA Dividend Payout.PayoutRetained Earnings

BLACK DIAMOND GROUP LTD

TSX:BDI (2/7/2025, 7:00:00 PM)

8.96

-0.06 (-0.67%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)10-31 2024-10-31/amc
Earnings (Next)02-27 2025-02-27/amc
Inst Owners7.03%
Inst Owner ChangeN/A
Ins Owners13.77%
Ins Owner ChangeN/A
Market Cap555.88M
Analysts80
Price Target12.79 (42.75%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.53%
Yearly Dividend0.08
Dividend Growth(5Y)-25.42%
DP27.65%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)5.48%
Min EPS beat(2)-4.95%
Max EPS beat(2)15.91%
EPS beat(4)2
Avg EPS beat(4)0.18%
Min EPS beat(4)-75.25%
Max EPS beat(4)65.02%
EPS beat(8)4
Avg EPS beat(8)14.2%
EPS beat(12)8
Avg EPS beat(12)35.82%
EPS beat(16)10
Avg EPS beat(16)52.53%
Revenue beat(2)0
Avg Revenue beat(2)-2.39%
Min Revenue beat(2)-3.8%
Max Revenue beat(2)-0.99%
Revenue beat(4)1
Avg Revenue beat(4)-2.57%
Min Revenue beat(4)-14.58%
Max Revenue beat(4)9.09%
Revenue beat(8)5
Avg Revenue beat(8)4.69%
Revenue beat(12)9
Avg Revenue beat(12)8.77%
Revenue beat(16)13
Avg Revenue beat(16)14.77%
PT rev (1m)1.01%
PT rev (3m)1.69%
EPS NQ rev (1m)0%
EPS NQ rev (3m)15.24%
EPS NY rev (1m)0.59%
EPS NY rev (3m)2.76%
Revenue NQ rev (1m)-0.16%
Revenue NQ rev (3m)3.34%
Revenue NY rev (1m)-0.62%
Revenue NY rev (3m)-1.28%
Valuation
Industry RankSector Rank
PE 21.85
Fwd PE 17.19
P/S 1.49
P/FCF 71.05
P/OCF 4.78
P/B 1.82
P/tB 2.03
EV/EBITDA 8.58
EPS(TTM)0.41
EY4.58%
EPS(NY)0.52
Fwd EY5.82%
FCF(TTM)0.13
FCFY1.41%
OCF(TTM)1.87
OCFY20.92%
SpS6.02
BVpS4.92
TBVpS4.41
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 3.24%
ROE 7.91%
ROCE 7.6%
ROIC 5.62%
ROICexc 5.76%
ROICexgc 6.06%
OM 13.16%
PM (TTM) 6.46%
GM 46.06%
FCFM 2.09%
ROA(3y)4.2%
ROA(5y)2.03%
ROE(3y)9.66%
ROE(5y)4.76%
ROIC(3y)5.57%
ROIC(5y)N/A
ROICexc(3y)5.63%
ROICexc(5y)N/A
ROICexgc(3y)5.96%
ROICexgc(5y)N/A
ROCE(3y)7.52%
ROCE(5y)N/A
ROICexcg growth 3Y191.64%
ROICexcg growth 5YN/A
ROICexc growth 3Y190.96%
ROICexc growth 5YN/A
OM growth 3Y140.3%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.95%
GM growth 5Y1.61%
F-Score5
Asset Turnover0.5
Health
Industry RankSector Rank
Debt/Equity 0.86
Debt/FCF 34.49
Debt/EBITDA 2.75
Cap/Depr 237.45%
Cap/Sales 29.03%
Interest Coverage 3.26
Cash Conversion 122.58%
Profit Quality 32.41%
Current Ratio 1.17
Quick Ratio 1.17
Altman-Z 1.28
F-Score5
WACC7.32%
ROIC/WACC0.77
Cap/Depr(3y)139.42%
Cap/Depr(5y)122.52%
Cap/Sales(3y)15.14%
Cap/Sales(5y)16.69%
Profit Quality(3y)145.54%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-21.15%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-45.45%
EPS Next Y-16.97%
EPS Next 2Y0.11%
EPS Next 3Y8.63%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.45%
Revenue growth 3Y29.81%
Revenue growth 5Y18.86%
Sales Q2Q%-13.89%
Revenue Next Year-2.71%
Revenue Next 2Y1.52%
Revenue Next 3Y2.67%
Revenue Next 5YN/A
EBIT growth 1Y-9.28%
EBIT growth 3Y211.93%
EBIT growth 5YN/A
EBIT Next Year106.19%
EBIT Next 3Y34.97%
EBIT Next 5YN/A
FCF growth 1Y-77.86%
FCF growth 3Y65.88%
FCF growth 5Y24%
OCF growth 1Y37.06%
OCF growth 3Y38.55%
OCF growth 5Y27.68%