# Bird Construction Inc. (BDT.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Industrials / Construction & Engineering. Price C$70.24, market value C$3.9 billion.

## Valuation
- **P/E (trailing): 65.6×** (5-yr avg 14.9×, 3-yr avg 18.8×). Bird Construction Inc. trades at 65.6× trailing earnings, well above its own five-year average of 14.9×: investors are paying up relative to the company's past. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 18.2×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 1.1×**. Each dollar of revenue is priced at 1.1×.
- **Price / book: 8.6×**. The shares trade at 8.6× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 22.3×**. Enterprise value is 22.3× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 7.1%** (5-yr avg 6.8%). Free cash flow equals 7.1% of the market value, in line with its five-year average of 6.8%. Above 5% is generally attractive.
- **Earnings yield: 1.5%**. The inverse of the P/E: 1.5% of the price is earned each year.

## Profitability
- **Gross margin: 9.7%**. Bird Construction Inc. keeps 9.7% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 3.4%**. 3.4% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 1.4%**. 1.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 11.0%**. 11.0% on shareholders' equity is solid.
- **Return on invested capital: 15.8%**. Return on all capital, debt included, is 15.8%: comfortably above what that capital costs.
- **Return on assets: 3.2%**. Each dollar of assets produces 3.2% of profit.

## Growth
- **Revenue growth (1 yr): -0.0%** (3-yr 12.8%/yr, 5-yr 17.7%/yr). Revenue fell 0.0% over the last year, against 17.7% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -53.3%** (3-yr -2.6%/yr, 5-yr 1.5%/yr). Earnings per share fell 53.3%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 45.7%/yr**. Free cash flow has compounded at 45.7% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.76**. Debt is 0.76 times equity, moderate leverage.
- **Net debt / EBITDA: 0.9×**. It would take 0.9 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 5.7×**. Operating profit covers interest 5.7× over, a safe margin.
- **Current ratio: 1.26** (quick 1.23). Current assets cover the next year's liabilities 1.26 times.
- **Altman Z-score: 4.09**. A Z-score of 4.09 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend yield: 1.20%** (C$0.84 per share, trailing). Bird Construction Inc. yields 1.20%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 98%** (17% of free cash flow). 98% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 8**. 8 straight years of increases.
- **Dividend growth (5 yr): 16.2%/yr** (1-yr 42.9%). The dividend has compounded at 16.2% a year over five years, doubling roughly every 4 years at that pace.

## Analyst view
- **Analyst consensus: strong_buy** (8 analysts). 8 analysts cover Bird Construction Inc.; the consensus is strong_buy, with an average price target of C$84.63 (+20% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 175.5%** (YTD 148.8%, 3-mo 16.4%). The shares are up 175.5% over twelve months including dividends.
- **From 52-week high: -10.7%** (198.1% above the low). Trading 11% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 54**. An RSI of 54 is neutral.
- **Beta (1 yr): 1.00** (volatility 43%). Beta of 1.00 against the S&P/TSX Composite: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=BDT.TO · Page: https://foliofundamentals.com/stocks/bdt.to

Not investment advice.