Concrete Pumping Holdings, Inc. (NASDAQ: BBCP)

Sector: Industrials Industry: Engineering & Construction CIK: 0001703956
P/B 1.39
P/E 41.47
P/S 0.92
Market Cap 362.29 Mn
ROIC (Qtr) 4.58
Div Yield % 14.18
Rev 1y % (Qtr) -5.42
Total Debt (Qtr) 442.42 Mn
Debt/Equity (Qtr) 1.69

About

Stock Price Chart

Analysis

Pros

  • Healthy cash reserves of 41M provide 8.18x coverage of short-term debt 5.01M, demonstrating strong liquidity position and minimal refinancing risk.
  • Operating cash flow of 72.28M provides strong 37.88x coverage of stock compensation 1.91M, indicating sustainable incentive practices.
  • Robust tangible asset base of 565.46M provides 11.68x coverage of working capital 48.40M, indicating strong operational backing.
  • Tangible assets of 565.46M provide robust 11.02x coverage of other current liabilities 51.30M, indicating strong asset backing.
  • Operating cash flow of 72.28M provides solid 1.12x coverage of current liabilities 64.37M, showing strong operational health.

Cons

  • Operating cash flow of 72.28M barely covers its investment activities of (30.32M), with a coverage ratio of -2.38, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Operating cash flow of 72.28M provides thin coverage of dividend payments of (53.13M) with a -1.36 ratio, suggesting potential dividend sustainability issues if operational performance deteriorates.
  • High receivables of 52.40M relative to inventory of 7.45M (7.03 ratio) suggests aggressive credit terms or collection difficulties, potentially masking revenue quality issues.
  • Operating earnings of 43.94M show weak coverage of depreciation charges of 59.88M, with a 0.73 ratio indicating high capital intensity and potential reinvestment needs.
  • High depreciation of 59.88M relative to operating cash flow of 72.28M, which is 0.83x suggests significant maintenance capital requirements affecting free cash flow.

Peer Comparison

Companies in the Engineering & Construction
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 PWR Quanta Services, Inc. 65.07 Bn 63.92 2.39 6.02 Bn
2 FER Ferrovial SE 48.89 Bn 14.49 5.13 -
3 FIX Comfort Systems Usa Inc 34.27 Bn 40.92 4.12 0.39 Bn
4 EME EMCOR Group, Inc. 28.31 Bn 25.04 1.74 0.42 Bn
5 MTZ Mastec Inc 16.96 Bn 51.22 1.23 2.77 Bn
6 APG APi Group Corp 16.26 Bn 104.23 2.12 3.05 Bn
7 J Jacobs Solutions Inc. 16.22 Bn 56.05 1.35 2.71 Bn
8 ACM Aecom 13.03 Bn 23.20 0.81 3.23 Bn

Industry Comparisons

Current Valuation

Metric Value Industry Percentile
EV to Assets 0.87 1.59
EV to Cash from Ops. 10.61 7.03
EV to Debt 1.73 11.96
EV to EBIT 17.46 17.03
EV to EBITDA 7.39 13.31
EV to Free Cash Flow [EV/FCF] 18.28 57.73
EV to Market Cap 2.12 1.27
EV to Revenue 1.94 1.63
Price to Book Value [P/B] 1.39 5.93
Price to Earnings [P/E] 41.47 35.53

Dividend Metrics

Metric Value Industry Percentile
Dividend Coverage Ratio 0.16 2.51
Dividend Payout Ratio % 588.20 25.81
Dividend per Basic Share 1.00 0.24
FCF Dividend Payout Ratio % 123.15 4.05
Interest Coverage 1.50 80.15

Growth Metrics

Metric Value Industry Percentile
Capex Growth (1y) % 20.72 -166.01
Cash and Equivalents Growth (1y) % 55.70 637.72
Dividend Growth (1y) % 0.00 5.87
EBIAT Growth (1y) % -8.13 92.47
EBITDA Growth (1y) % -8.05 8.04
EBIT Growth (1y) % -12.75 85.34
EBT Growth (1y) % -38.43 42.07
EPS Growth (1y) % -34.62 43.76
FCF Growth (1y) % -26.23 -20.95
Gross Profit Growth (1y) % -8.56 32.46

Liquidity Ratios

Metric Value Industry Percentile
Asset Utilization Ratio 0.45 1.14
Cash Payout Ratio 0.53 0.05
Cash Ratio 0.64 0.38
Current Ratio 1.75 1.55
Debt to Equity Ratio 1.69 0.89
Interest Cover Ratio 1.50 80.15
Times Interest Earned 1.50 80.15

Profitability

Metric Value Industry Percentile
EBITDA Margin % 26.20 0.40
EBIT Margin % 11.11 -2.31
EBT Margin % 3.70 -4.59
Gross Margin % 38.90 20.38
Net Profit Margin % 2.20 -5.96