Limbach Holdings, Inc.

Consumer Discretionary
Engineering & Construction
www.limbachinc.com

Earnings Score
Moat Score
Safety Score

Market Cap $1.10B
PE 42
Debt $23.12M
Cash $51.23M
EV $1.07B
FCF $24.67M

Earnings

loading chart...

Sales & Net Margins

loading chart...

Earnings	$26.28M
EBIT	$33.75M
ROE	18%
ROA	10%
FCF	$24.67M
Equity	$142.20M
Growth Stability	100%
PE	41.9
PEG	0.43
PB	7.74
P/FCF	44.64
P/S	2.13
Price/Cash	0.05
Debt/Equity	0.16
Debt/FCF	0.94
Net Margins	6%
Gross Margins	26%
Op. Margins	7%
Earnings CAGR	21%
Sales Growth YoY	5%
Sales Growth QoQ	10%
Sales CAGR	1%
FCF CAGR	6%
Equity CAGR	36%
Earnings Stability	0.18
Earnings Growth YoY	4%
Earnings Growth QoQ	26%

Earnings CAGR 5Y	98%
Sales CAGR 5Y	-2%
FCF CAGR 5Y	16%
Equity CAGR 5Y	26%
Earnings CAGR 3Y	3%
Sales CAGR 3Y	3%
FCF CAGR 3Y	41%
Equity CAGR 3Y	21%
Market Cap	$1.10B
Revenue	$517.82M
Assets	$324.42M
Total Debt	$23.12M
Cash	$51.23M
Shares Outstanding	11.23M
EV	1.07B
Earnings Score	10%
Moat Score	89%
Safety Score	96%
Final Score	65%
Working Capital	78.94M
Current Ratio	1.57
Gross Profit	$134.02M
Shares Growth 3y	4%
Equity Growth QoQ	7%
Equity Growth YoY	25%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...

Limbach Holdings Inc is a commercial specialty contractor in the fields of heating, ventilation, air conditioning, plumbing, electrical, and building controls for the design and construction of new and renovated buildings, maintenance services, energy retrofits, and equipment upgrades. It operates in two segments: Construction, which involves new construction or renovation projects, primarily HVAC, plumbing, or electrical services; and Service segment, which provides maintenance or services primarily on HVAC, plumbing, electrical systems, and building controls directly for building owners and direct specialty contracting projects. The company derives the majority of its revenue from the construction segment.

SEC Filings

Direct access to Limbach Holdings, Inc. (LMB) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Limbach Holdings, Inc. compare to its competitors?

Loading chart...

Peter Lynch's Chart

This chart shows the current pricing of Limbach Holdings, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 21%

Stability 18%

loading chart...

Limbach Holdings, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Limbach Holdings, Inc..

Years

Calculation mode

= $379M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$25M	$26M	$28M	$30M	$31M	$33M	$35M	$38M	$40M	$43M	$45M	$452M
DCF		$24M	$23M	$22M	$21M	$21M	$20M	$19M	$19M	$18M	$17M	$174M
Value	$379M

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.

Years	03/2015	12/2015	07/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-	-	-	-0%	-1%	-0%	1%	1%	1%	4%	6%
ROA	-	-1%	-	3%	0%	3%	7%	5%	4%	10%	10%
ROE	-	-7%	-	-2%	-9%	-4%	11%	8%	7%	17%	18%

Bad Net Margins (5.61%)

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

Safety and Stability

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.

Years	03/2015	12/2015	07/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-4.54	1.42	-14.49	1.12	-1.59	0.9	0.4	0.94
Debt over Equity	-	-	-	0.7	0.65	1.11	0.8	0.45	0.33	0.18	0.16
Growth Stability	-	-	-	-	-	-	-	100%	100%	100%	100%

Good Debt/FCF ratio (0.94)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.16)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

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.

Years	03/2015	12/2015	07/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-	-	-	13%	1%	3%	-14%	1%	4%	-2%
Earnings YoY growth	-	4%	-	-	319%	-55%	-427%	16%	1%	205%	98%
Equity YoY growth	-	-3%	-	-	-4%	1%	15%	63%	9%	27%	26%
FCF YoY growth	-	-	-	-	-391%	-117%	-1K%	-165%	-237%	60%	16%