(LMB) Limbach Holdings - NASDAQ
Sector: Industrials | Industry: Building Products & Equipment | Exchange: NASDAQ (USA) | Market Cap: 943m USD | Total Return: -41.8% in 12m
Avg Turnover: 22.6M
EPS Trend: 97.2%
Qual. Beats: 2
Rev. Trend: 85.1%
Qual. Beats: 0
Warnings
Choppy
Tailwinds
No distinct edge detected
Limbach Holdings, Inc. (LMB) is a building systems solution provider specializing in mechanical, electrical, plumbing, and control (MEPC) services. The company operates through two primary segments: General Contractor Relationships and Owner Direct Relationships. Its service suite includes infrastructure construction, facility assessments, and turnkey equipment solutions for mission-critical sectors such as healthcare, data centers, and life sciences.
The MEPC sector is characterized by high technical complexity and a growing demand for energy-efficient retrofitting in aging commercial infrastructure. By shifting focus toward Owner Direct Relationships, companies in this industry aim to secure higher-margin maintenance and service contracts compared to traditional bid-based construction projects.
Investors can further evaluate the companys historical performance and valuation metrics on ValueRay. Founded in 1901 and headquartered in Tampa, Florida, Limbach maintains a diversified client base ranging from higher education institutions to advanced manufacturing facilities.
- Strategic shift toward high-margin Owner Direct Relationships segment drives profitability
- Expansion into data center and life science markets boosts project backlog
- Labor cost inflation and skilled trade shortages impact project execution margins
- Growth in preventative maintenance contracts provides recurring revenue stability
- Industrial and healthcare infrastructure spending levels dictate demand for MEPC services
| Net Income: 33.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -1.70 > 1.0 |
| NWC/Revenue: 12.17% < 20% (prev 13.65%; Δ -1.49% < -1%) |
| CFO/TA 0.09 > 3% & CFO 35.6m > Net Income 33.2m |
| Net Debt (105.1m) to EBITDA (63.4m): 1.66 < 3 |
| Current Ratio: 1.71 > 1.5 & < 3 |
| Outstanding Shares: last quarter (12.1m) vs 12m ago 0.13% < -2% |
| Gross Margin: 25.10% > 18% (prev 28.13%; Δ -3.03% > 0.5%) |
| Asset Turnover: 183.0% > 50% (prev 158.4%; Δ 24.53% > 0%) |
| Interest Coverage Ratio: 11.76 > 6 (EBIT TTM 45.2m / Interest Expense TTM 3.84m) |
| A: 0.21 (Total Current Assets 191.8m - Total Current Liabilities 112.4m) / Total Assets 377.0m |
| B: 0.28 (Retained Earnings 104.7m / Total Assets 377.0m) |
| C: 0.13 (EBIT TTM 45.2m / Avg Total Assets 356.7m) |
| D: 1.09 (Book Value of Equity 196.3m / Total Liabilities 180.6m) |
| Altman-Z'' = 4.28 = AA |
| DSRI: 0.87 (Receivables 167.0m/155.9m, Revenue 652.6m/532.9m) |
| GMI: 1.12 (GM 28.13% / 25.10%) |
| AQI: 1.39 (AQ_t 0.33 / AQ_t-1 0.24) |
| SGI: 1.22 (Revenue 652.6m / 532.9m) |
| TATA: -0.01 (NI 33.2m - CFO 35.6m) / TA 377.0m) |
| Beneish M = -2.63 (Cap -4..+1) = A |
As of June 20, 2026, the stock is trading at USD 80.15 with a total of 260,970 shares traded.
Over the past week, the price has changed by -1.50%,
over one month by +5.43%,
over three months by +5.82% and
over the past year by -41.84%.
Limbach Holdings has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy LMB.
- StrongBuy: 2
- Buy: 2
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 116.6 | 45.5% |
P/E Trailing = 28.865
P/E Forward = 20.8333
P/S = 1.4448
P/B = 4.7985
P/EG = 2.2891
Revenue TTM = 652.6m USD
EBIT TTM = 45.2m USD
EBITDA TTM = 63.4m USD
Long Term Debt = 32.0m USD (from longTermDebt, last quarter)
Short Term Debt = 9.50m USD (from shortTermDebt, last quarter)
Debt = 120.9m USD (from shortLongTermDebtTotal, last quarter) + Leases 44.4m
Net Debt = 105.1m USD (calculated: Debt 120.9m - CCE 15.8m)
Enterprise Value = 1.05b USD (942.8m + Debt 120.9m - CCE 15.8m)
Interest Coverage Ratio = 11.76 (Ebit TTM 45.2m / Interest Expense TTM 3.84m)
EV/FCF = 31.13x (Enterprise Value 1.05b / FCF TTM 33.7m)
FCF Yield = 3.21% (FCF TTM 33.7m / Enterprise Value 1.05b)
FCF Margin = 5.16% (FCF TTM 33.7m / Revenue TTM 652.6m)
Net Margin = 5.09% (Net Income TTM 33.2m / Revenue TTM 652.6m)
Gross Margin = 25.10% ((Revenue TTM 652.6m - Cost of Revenue TTM 488.8m) / Revenue TTM)
Gross Margin QoQ = 22.45% (prev 27.02%)
Tobins Q-Ratio = 2.78 (Enterprise Value 1.05b / Total Assets 377.0m)
Interest Expense / Debt = 3.18% (Interest Expense 3.84m / Debt 120.9m)
Taxrate = 19.66% (8.13m / 41.4m)
NOPAT = 36.3m (EBIT 45.2m * (1 - 19.66%))
Current Ratio = 1.71 (Total Current Assets 191.8m / Total Current Liabilities 112.4m)
Debt / Equity = 0.62 (Debt 120.9m / totalStockholderEquity, last quarter 196.3m)
Debt / EBITDA = 1.66 (Net Debt 105.1m / EBITDA 63.4m)
Debt / FCF = 3.12 (Net Debt 105.1m / FCF TTM 33.7m)
Total Stockholder Equity = 186.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 9.32% (Net Income 33.2m / Total Assets 377.0m)
RoE = 17.86% (Net Income TTM 33.2m / Total Stockholder Equity 186.0m)
RoCE = 20.73% (EBIT 45.2m / Capital Employed (Equity 186.0m + L.T.Debt 32.0m))
RoIC = 14.06% (NOPAT 36.3m / Invested Capital 258.3m)
WACC = 8.87% (E(942.8m)/V(1.06b) * Re(9.68%) + D(120.9m)/V(1.06b) * Rd(3.18%) * (1-Tc(0.20)))
Discount Rate = 9.68% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 71.91 | Cagr: 1.00%
[DCF] Terminal Value 72.76% ; FCFF base≈34.5m ; Y1≈32.9m ; Y5≈31.6m
[DCF] Fair Price = 29.47 (EV 456.5m - Net Debt 105.1m = Equity 351.3m / Shares 11.9m; r=8.87% [WACC]; 5y FCF grow -5.85% → 2.50% )
EPS Correlation: 97.25 | EPS CAGR: 45.13% | SUE: 2.12 | # QB: 2
Revenue Correlation: 85.15 | Revenue CAGR: 9.16% | SUE: 0.69 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.91 | Chg30d=-2.94% | Revisions=-50% | Analysts=4
EPS next Quarter (2026-09-30): EPS=1.51 | Chg30d=-0.28% | Revisions=-11% | Analysts=4
EPS current Year (2026-12-31): EPS=4.68 | Chg30d=-1.39% | Revisions=+56% | GrowthEPS=+3.7% | GrowthRev=+14.6%
EPS next Year (2027-12-31): EPS=5.04 | Chg30d=-0.98% | Revisions=+33% | GrowthEPS=+7.8% | GrowthRev=+5.2%
[Analyst] Revisions Ratio: +56%