Bird Construction Inc. (BDT.TO) — Fundamental Analysis & Key Financial Ratios

Kaplio overview: Bird Construction Inc.

Market cap CAD 4B · 52 weeks 25 CAD – 85 CAD (13% below the high) · P/E 69.0× · Dividend 1.1% · 3 years rising · Next earnings November 11, 2026 · expected EPS 0.89 CAD · Closing price, Nov 3 · accounts published Aug 12.

• Valuation: TTM P/E 69.0× (no verdict).
• Business: ROIC 12% (fair).
• Balance sheet: Net debt/EBITDA 1.0× (solid).
• Earnings: 6 of 8 (uneven).

Where would it trade at its usual multiples?

No valuation verdict: it trades at 69.0 times earnings (its sector median, 25.9), and its usual multiples applied to today's earnings would give an unreliable reference price.

What matters in industrials: 4 of 10 pass

• Operating margin 2.1%, fails.
• ROIC 11.5%, fails.
• Capex / Revenue 0.9%, fails.
• Piotroski F-Score 3 of 9, fails.
• P/E vs own 10y history 69.0×, fails.
• Cycle-adjusted EV/EBITDA 19.1×, fails.
• 5y revenue growth 13.1%, passes.
• FCF conversion 179.5%, passes.
• Net debt / EBITDA 1.0×, passes.
• Altman Z-Score 3.0, passes.

Against its peers (reference peers) — Bird Construction Inc.: P/E 69.0×; EV/EBITDA 19.1×; ROIC 11.5%; CAD 4.1B. Cadeler A/S (P/E 10.4×; EV/EBITDA 8.5×; ROIC 7.6%; $2.5B), Exponent, Inc. (P/E 37.1×; EV/EBITDA 25.9×; ROIC 19.4%; $4.1B), Primoris Services Corporation (P/E 45.2×; EV/EBITDA 18.6×; ROIC 6.3%; $4.3B).

Expensive or cheap against its last ten years?

P/E at each close: today 69.0× · median 13.9× · minimum 7.3× · maximum 69.0× · cheap below 11.6× · expensive above 30.5×. It has been cheaper than today 100% of the time over its last ten years.

Dividend

tight · Yield (last 12 months) 1.1% · 0.84 CAD per share in 2025 · Years raising it 3 · 5-year growth +19% a year · Free cash flow coverage 2.4× (last three fiscal years) · With 1,000 CAD invested today you'd collect 11.30 CAD a year (0.94 CAD a month).