Concrete Pumping Holdings, Inc.

BBCP

Construction - Special Trade Contractors

Mkt Cap

$387.3M

PE

14.00

Debt

$410.7M

Cash

$11.53M

EV

$786.5M

FCF

$25.07M

Market Cap

$387.3M

P/E Ratio

14.00

Debt

$410.7M

Cash

$11.53M

EV

$786.5M

FCF

$25.07M

Concrete Pumping Holdings, Inc. provides concrete pumping and waste management services in the United States and the United Kingdom. The company offers concrete pumping services to general contractors and concrete finishing companies in the commercial, infrastructure, and residential sectors under the Brundage-Bone and Capital Pumping brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand. It also leases and rents concrete pumping equipment, pans, and containers. As of October 31, 2022, the company owned a fleet of approximately 970 boom pumps, 90 placing booms, 20 telebelts, 340 stationary pumps, and 100 waste management trucks. Concrete Pumping Holdings, Inc. was founded in 1983 and is headquartered in Thornton, Colorado.

Sector

10-Q
7/31/23
10-Q
4/30/23
10-Q
1/31/23
10-K
10/31/22
10-Q
7/31/22
10-Q
4/30/22
10-Q
1/31/22
10-K
10/31/21
10-Q
7/31/21
10-Q
4/30/21
10-Q
1/31/21
10-K
10/31/20
10-Q
7/31/20
10-Q
4/30/20
10-Q
1/31/20
10-K
10/31/19
10-Q
7/31/19
10-Q
4/30/19
10-Q
1/31/19
10-Q
9/30/18
10-Q
6/30/18
10-Q
3/31/18
10-K
12/31/17

DCF

Discounted Cash Flow Valuation of Concrete Pumping Holdings, Inc.

Calculate

Growth Years

Growth

Start

End

Discount

Start

End

Multiple

g\r	+10%	+11%	+12%	+13%	+14%
0%	10	9	8	8	7
+1%	11	10	9	8	8
+2%	13	11	10	9	8
+3%	14	13	11	10	9
+4%	17	14	12	11	10

Years	0	1	2	3	4	5	6	7	8	9	10	TV
FCF	$25.07M	$19.38M	$14.99M	$11.59M	$8.958M	$6.926M	$5.354M	$4.14M	$3.201M	$2.475M	$1.913M	$19.13M
DCF		$16.85M	$11.33M	$7.618M	$5.121M	$3.443M	$2.315M	$1.556M	$1.046M	$703.4K	$472.9K	$4.729M
Value	$55.19M

Chart P/E ratio

In the chart Earnings are multiplied by this value.

Earnings Growth 25%

Earnings Stability -60%

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

The Net Margin is too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Data are missing

Years	12-2018	10-2019	10-2020	10-2021	10-2022	TTM
Net Margin	-93%	-4.5%	-21%	-5.3%	6.7%	6.3%
ROA	-2.6%	2.5%	-4.1%	4.8%	6.8%	7.4%
ROE	-450%	-3.6%	-23%	-6.4%	9.6%	9.1%

What is the average Net Margin?

The average Net Margin over the past 5 years is +6.71%.

What is the trend of Net Margin?

The trend of Net Margin over the past 5 years is -.

What is the average Return on Assets (ROA)?

The average ROA over the past 5 years is +6.77%.

What is the trend of Return on Assets (ROA)?

The trend of ROA over the past 5 years is -.

What is the average Return on Equity (ROE)?

The average ROE over the past 5 years is +9.64%.

What is the trend of Return on Equity (ROE)?

The trend of ROE over the past 5 years is -.

Safety & Stabiliy

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

The company has high debt with respect to the cashflow it generates.

Data are missing

Years	12-2018	10-2019	10-2020	10-2021	10-2022	TTM
Debt FCF	-	-32.64	10.15	28.75	-16.92	16.38
Debt Equity	-	1.31	1.47	1.43	1.53	1.35
MIN
Graham Stability	-	-	-	-	-	-

What is the Debt/FCF?

The Debt/FCF trailing twelve month is 16.38.

What is the trend of Debt/FCF?

The trend of Debt/FCF over the past 5 years is -.

What is the Graham’s Stability?

Graham’s Stability measure stands at -.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Data are missing

Years	10-2019	10-2021	Trend
Revenue	16%	27%	-280%
Net Income	-	-	-
Stockholders Equity	-4.8%	6.4%	-1.9K%
FCF	-	-	0%

What is the 5 year Revenue CAGR?

The Revenue CAGR over the past 5 years is -.

What is the trend of Revenue growth?

The trend of Revenue growth rate over the past 5 years is -281.23%.

What is the 5 year Earnings CAGR?

The Earnings CAGR over the past 5 years is -.

What is the trend of Earnings growth?

The trend of Earnings growth rate over the past 5 years is -.

What is the 5 year Equity CAGR?

The Equity CAGR over the past 5 years is -.

What is the trend of Equity growth?

The trend of Equity growth rate over the past 5 years is -1.91K%.

What is the 5 year FCF CAGR?

The FCF CAGR over the past 5 years is -.

What is the trend of FCF growth?

The trend of FCF growth rate over the past 5 years is 0%.