Badger Infrastructure Solutions Ltd

Chart & Performance

D1W1MN

P/E

20.82

P/S

1.27

EPS

1.22

Div Yield, %

2.67%

Shrs. gr., 5y

-1.45%

Rev. gr., 5y

2.13%

Revenues

684m

+19.79%

Net income

42m

+128.38%

CFO

132m

+92.62%

Dividend

Sep 27, 20240.134 USD/sh

Earnings

Feb 26, 2025

Profile

Badger Infrastructure Solutions Ltd. provides non-destructive excavating and related services in Canada and the United States. Its Badger Hydrovac technology uses a pressurized water stream to liquefy the soil cover, which is then removed with a vacuum system and deposited into a storage tank. The company offers daylighting services for visual confirmation of buried lines, directional drilling test holes, sacrificial anode installation, pipeline and utility crossings, and subsurface utility engineering test holes applications; slot trenching services; and service repair pits for gas service tie-in, electric cable fault repair, water main and service repair, and telecom splice applications. It also provides pole and piling holes services for utility, traffic signal, and transmission pole holes, as well as light standard and sign post holes; pole removals; end-bearing, pilot holes for friction, and spread footing piles; and well monitor installations applications. In addition, the company offers debris removal services for frac tank clean-outs, road and box culvert clean-outs, pipe-rammed casing clean-outs, ballast and filter media removal, and inside structures and buildings material removal; pipeline excavation services for pipeline crossing and tie-in, hydro probing, utility conflict, and oil and fuel spill applications; and anode installation, emergency response, and potholing services, as well as designs, engineers, and supplies excavation shoring systems. It serves the aggregate, construction, engineering, industrial, mining, oil and gas, power generation, transportation, and utility industries, as well as railway hydrovac services. As of December 31, 2021, it had a fleet of 1,371 Badger hydrovacs. The company was formerly known as Badger Daylighting Ltd. and changed its name to Badger Infrastructure Solutions Ltd. in May 2021. Badger Infrastructure Solutions Ltd. was founded in 1992 and is headquartered in Calgary, Canada.

URL

https://www.badgerinc.com/

IPO date

Mar 21, 1996

Employees

2,254

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	683,799 19.79%	570,812 0.36%	568,752 1.81%
Cost of revenue	551,663	476,363	499,464
Unusual Expense (Income)
NOPBT	132,136	94,449	69,288
NOPBT Margin	19.32%	16.55%	12.18%
Operating Taxes	15,352	4,593	(3,185)
Tax Rate	11.62%	4.86%
NOPAT	116,784	89,856	72,473
Net income	41,771 128.38%	18,290 -262.59%	(11,249) -157.96%
Dividends	(23,202)	(14,506)	(17,224)
Dividend yield
Proceeds from repurchase of equity			(13,701)
BB yield
Debt
Debt current	15,083	8,751	39,135
Long-term debt	243,067	184,345	152,874
Deferred revenue
Other long-term liabilities	53,769	1,070	577
Net debt	249,637	187,698	186,764
Cash flow
Cash from operating activities	131,614	68,329	67,368
CAPEX	(108,194)	(66,756)	(55,597)
Cash from investing activities	(106,644)	(59,946)	(54,133)
Cash from financing activities	(21,924)	(7,180)	(25,200)
FCF	52,257	159,967	85,732
Balance
Cash	8,513	5,398	5,245
Long term investments
Excess cash
Stockholders' equity	242,698	222,425	280,654
Invested Capital	509,683	388,765	454,252
ROIC	26.00%	21.32%	15.54%
ROCE	25.93%	21.65%	13.43%
EV
Common stock shares outstanding	34,473	34,473	34,601
Price
Market cap
EV
EBITDA	202,005	154,033	140,889
EV/EBITDA
Interest	16,106	8,066	5,526
Interest/NOPBT	12.19%	8.54%	7.98%