BDI Stock Analysis: Black Diamond | TO
Rental & Leasing Services | TO, Canada | Market Cap: 1.343m CAD | 12M Return: 42.2% | CA09202D2077 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.34M
EPS Trend: 1.6%
Qual. Beats: 0
Rev. Trend: 93.5%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 11.8 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Black Diamond Group provides modular space rentals and workforce accommodation services across Canada, the United States, and Australia. Its Modular Space Solutions segment serves industries including construction, education, health care, and government, with offerings ranging from mobile offices to custom modular facilities.
Its Workforce Solutions segment rents lodging and surface equipment and provides catering, hospitality, and travel logistics. The business combines asset rentals with services such as delivery, installation, and dismantlement, supporting customers that need temporary facilities for projects or remote workforces.
- Oil, gas and mining activity lifts workforce camp utilization
- Modular Space rental demand and pricing drive recurring revenue growth
- Fleet investment and acquisitions pressure free cash flow and leverage
| Net Income: 23.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -4.39 > 1.0 |
| NWC/Revenue: 12.50% < 20% (prev 3.46%; Δ 9.04% < -1%) |
| CFO/TA 0.09 > 3% & CFO 92.8m > Net Income 23.4m |
| Net Debt (415.2m) to EBITDA (125.2m): 3.32 < 3 |
| Current Ratio: 1.57 > 1.5 & < 3 |
| Outstanding Shares: last quarter (70.5m) vs 12m ago 13.51% < -2% |
| Gross Margin: 32.47% > 18% (prev 41.72%; Δ -9.25% > 0.5%) |
| Asset Turnover: 55.29% > 50% (prev 57.98%; Δ -2.69% > 0%) |
| Interest Coverage Ratio: 3.59 > 6 (EBIT TTM 61.3m / Interest Expense TTM 17.1m) |
| A: 0.06 (Total Current Assets 175.6m - Total Current Liabilities 112.1m) / Total Assets 1.08b |
| B: -0.08 (Retained Earnings -91.0m / Total Assets 1.08b) |
| C: 0.07 (EBIT TTM 61.3m / Avg Total Assets 919.7m) |
| D: 0.61 (Book Value of Equity 408.9m / Total Liabilities 665.7m) |
| Altman-Z'' = 1.20 = BB |
| DSRI: 1.31 (Receivables 118.4m/78.2m, Revenue 508.5m/441.5m) |
| GMI: 1.28 (GM 41.72% / 32.47%) |
| AQI: 1.51 (AQ_t 0.08 / AQ_t-1 0.05) |
| SGI: 1.15 (Revenue 508.5m / 441.5m) |
| TATA: -0.06 (NI 23.4m - CFO 92.8m) / TA 1.08b) |
| Beneish M = -2.10 (Cap -4..+1) = BB |
As of November 02, 2026, the stock is trading at CAD 21.11 with a total of 764,533 shares traded. Over the past week, the price has changed by +13.13%, over one month by +6.21%, over three months by +22.94% and over the past year by +42.23%.
Current recommended Stop Loss: 20.40 (which is 3.4% or 1.3 ATR below the current price).
Black Diamond has no consensus analysts rating.
P/E Trailing = 57.8235
P/E Forward = 21.1416
P/S = 2.6411
P/B = 3.2491
P/EG = 0.3353
Revenue TTM = 508.5m CAD
EBIT TTM = 61.3m CAD
EBITDA TTM = 125.2m CAD
Long Term Debt = 377.8m CAD (from longTermDebt, last quarter)
Short Term Debt = 9.52m CAD (from shortTermDebt, last quarter)
Debt = 442.2m CAD (from shortLongTermDebtTotal, last quarter) + Leases 32.2m
Net Debt = 415.2m CAD (calculated: Debt 442.2m - CCE 27.0m)
Enterprise Value = 1.76b CAD (1.34b + Debt 442.2m - CCE 27.0m)
Interest Coverage Ratio = 3.59 (Ebit TTM 61.3m / Interest Expense TTM 17.1m)
EV/FCF = 1000.0x (Enterprise Value 1.76b / FCF TTM 1.44m)
FCF Yield = 0.08% (FCF TTM 1.44m / Enterprise Value 1.76b)
FCF Margin = 0.28% (FCF TTM 1.44m / Revenue TTM 508.5m)
Net Margin = 4.60% (Net Income TTM 23.4m / Revenue TTM 508.5m)
Gross Margin = 32.47% ((Revenue TTM 508.5m - Cost of Revenue TTM 343.4m) / Revenue TTM)
Gross Margin QoQ = 27.49% (prev 29.84%)
Tobins Q-Ratio = 1.63 (Enterprise Value 1.76b / Total Assets 1.08b)
Interest Expense / Debt = 3.86% (Interest Expense 17.1m / Debt 442.2m)
Taxrate = 30.53% (12.0m / 39.2m)
NOPAT = 42.6m (EBIT 61.3m * (1 - 30.53%))
Current Ratio = 1.57 (Total Current Assets 175.6m / Total Current Liabilities 112.1m)
Debt / Equity = 1.08 (Debt 442.2m / totalStockholderEquity, last quarter 408.9m)
Debt / EBITDA = 3.32 (Net Debt 415.2m / EBITDA 125.2m)
Debt / FCF = 287.9 (Net Debt 415.2m / FCF TTM 1.44m)
Total Stockholder Equity = 397.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.54% (Net Income 23.4m / Total Assets 1.08b)
RoE = 5.89% (Net Income TTM 23.4m / Total Stockholder Equity 397.2m)
RoCE = 7.91% (EBIT 61.3m / Capital Employed (Equity 397.2m + L.T.Debt 377.8m))
RoIC = 4.48% (NOPAT 42.6m / Invested Capital 949.9m)
WACC = 6.93% (E(1.34b)/V(1.79b) * Re(8.33%) + D(442.2m)/V(1.79b) * Rd(3.86%) * (1-Tc(0.31)))
Discount Rate = 8.33% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 88.34 | Cagr: 5.91%
[DCF] Terminal Value 73.10% ; FCFF base≈14.6m ; Y1≈12.8m ; Y5≈10.4m
[DCF] Fair Price = N/A (negative equity: EV 166.6m - Net Debt 415.2m = -248.6m; debt exceeds intrinsic value)
EPS Correlation: 1.57 | EPS CAGR: 0.16% | SUE: 0.34 | # QB: 0
Revenue Correlation: 93.47 | Revenue CAGR: 11.10% | SUE: 0.32 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.13 | Chg30d=+0.00% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=0.35 | Chg30d=+0.00% | Revisions=-25% | GrowthEPS=-35.0% | GrowthRev=+22.4%
EPS next Year (2027-12-31): EPS=0.75 | Chg30d=+0.00% | Revisions=-50% | GrowthEPS=+111.6% | GrowthRev=+13.5%
[Analyst] Revisions Ratio: -57% (up=0, down=4)