Complete BBCP Stock Valuation Analysis
Comprehensive intrinsic value analysis using 6 different methodologies
BBCP DCF Analysis
BBCP (Concrete Pumping Holdings, Inc.) discounted cash flow analysis with multiple scenarios, growth assumptions, and terminal value calculations
Financial Projections
| Metrics | 2022 (Historical) | 2023 (Historical) | 2024 (Historical) | 2025 (Projected) | 2026 (Projected) | 2027 (Projected) | 2028 (Projected) | 2029 (Projected) |
|---|---|---|---|---|---|---|---|---|
| Revenue | $401.3M | $442.2M | $425.9M | $457.3M | $487.6M | $516.7M | $544.5M | $570.8M |
| Revenue Growth % | - | 10.2% | -3.7% | 7.4% | 6.6% | 6.0% | 5.4% | 4.8% |
| EBIT | $50.1M | $61.5M | $49.3M | $57.9M | $62.2M | $66.4M | $70.5M | $74.5M |
| EBIT Margin % | 12.5% | 13.9% | 11.6% | 12.7% | 12.8% | 12.9% | 13.0% | 13.1% |
| Tax Rate % | 16.2% | 21.6% | 33.3% | 24.2% | 24.3% | 24.4% | 24.5% | 24.5% |
| NOPAT | $42.0M | $48.2M | $32.9M | $43.9M | $47.1M | $50.2M | $53.3M | $56.2M |
| NOPAT Margin % | 10.5% | 10.9% | 7.7% | 9.6% | 9.7% | 9.7% | 9.8% | 9.9% |
| Capex | $103.4M | $55.3M | $43.8M | $54.4M | $55.2M | $55.5M | $55.6M | $55.4M |
| Capex / Revenue % | 25.8% | 12.5% | 10.3% | 11.9% | 11.3% | 10.7% | 10.2% | 9.7% |
| Depreciation | $57.5M | $58.7M | $57.1M | $62.5M | $66.6M | $70.6M | $74.4M | $78.0M |
| D&A / Revenue % | 14.3% | 13.3% | 13.4% | 13.7% | 13.7% | 13.7% | 13.7% | 13.7% |
| Change in NWC | $-48.1M | $39.0M | $45.7M | $23.9M | $20.4M | $17.3M | $14.6M | $12.2M |
| NWC Change / Revenue % | -12.0% | 8.8% | 10.7% | 5.2% | 4.2% | 3.3% | 2.7% | 2.1% |
| Unlevered FCF | $44.2M | $12.5M | $462.3K | $28.0M | $38.2M | $48.0M | $57.5M | $66.7M |
| UFCF % Chg. | - | -71.7% | -96.3% | 5952.2% | 36.4% | 25.9% | 19.8% | 15.9% |
| FCF / Revenue % | 11.0% | 2.8% | 0.1% | 6.1% | 7.8% | 9.3% | 10.6% | 11.7% |
| Discount Factor | - | - | - | 0.932 | 0.869 | 0.810 | 0.755 | 0.704 |
| Present Value of FCF | - | - | - | $26.1M | $33.2M | $38.9M | $43.4M | $46.9M |
| Sum of PV of UFCF | - | - | - | $26.1M | $59.2M | $98.1M | $141.6M | $188.5M |
WACC Calculation
Weighted Average Cost of Capital used for discounting cash flows.
| WACC Calculation | Value |
|---|---|
| Cost of Debt | 7.3% |
| Tax Rate | 24.2% |
| After Tax Cost of Debt | 5.6% |
| Risk Free Rate | 4.35% |
| Market Risk Premium | 4.3% |
| Beta | 1.11 |
| Cost of Equity | 9.2% |
| Total Debt | $399.8M |
| Market Cap | $361.1M |
| Total Capital | $760.9M |
| Debt Weighting | 52.5% |
| Equity Weighting | 47.5% |
| WACC | 7.3% |
Terminal Value
Choose between perpetuity growth or exit multiple methods.
| Terminal Value Calculation | Value |
|---|---|
| Terminal Growth Rate | 2.5% |
| Final Year FCF | $66.7M |
| Terminal Value | $1.4B |
| PV of Terminal Value | $1.0B |
| Cumulative PV of UFCF | $188.5M |
| Net Debt | $356.8M |
| Equity Value | $838.3M |
| Shares Outstanding | 54.2M |
| Implied Share Price | $15 |
| Current Share Price | $7 |
| Implied Upside/(Downside) | +122.7% |
Valuation Summary
$15.46
Implied Price
$6.94
Current Price
+122.7%
Upside/Downside
7.3%
WACC
BBCP Peer Valuation Analysis
Relative valuation based on comparable company trading multiples
Peer Valuation Analysis
Fair Value Range Analysis
Based on median multiples from 8 peer companies in Industrials
P/E Ratio
$6.94
+0.0%
Peer Median: 21.2x
EV/EBITDA
$20.55
+196.2%
Peer Median: 10.0x
P/S Ratio
$6.94
+0.0%
Peer Median: 0.9x
Interpretation: Each multiple provides a different perspective on fair value. Consider which multiple is most relevant for BBCP's business model and current situation.
Multiple Comparison
| Multiple | BBCP Current | Peer Median | Peer Average | Premium/Discount | Assessment |
|---|---|---|---|---|---|
| P/E Ratio | 21.2x | 21.2x | 29.4x | 0.0% | Fair Value |
| EV/EBITDA | 6.7x | 10.0x | 13.4x | -32.9% | Undervalued |
| P/S Ratio | 0.9x | 0.9x | 0.9x | 0.0% | Fair Value |
Peer Companies
Click any company to view their valuation
| Company | Market Cap | P/E Ratio | EV/EBITDA | P/S Ratio |
|---|---|---|---|---|
| $0.53B | 175.0x | 23.7x | 1.2x | |
| $0.42B | 13.0x | 9.9x | 0.8x | |
| $0.36B | 21.2x | 6.7x | 0.9x | |
| $0.37B | 0.0x | 0.0x | 0.5x | |
| $0.34B | 112.4x | 10.1x | 0.4x | |
| $0.36B | 21.2x | 6.7x | 0.9x | |
| $0.07B | 0.0x | 10.0x | 0.1x | |
| $56.87B | 62.2x | 27.1x | 2.3x |
BBCP Graham Number
Benjamin Graham's conservative valuation formula for defensive investors
Input Data
| EPS (TTM) | $0.33 | Latest 10-K |
| Book Value per Share | $5.93 | Latest 10-K Balance Sheet |
| Graham Constant | 22.5 | Benjamin Graham's formula |
Graham Number Result
$6.62
Intrinsic Value
$6.94
Current Price
-4.7%
Upside/Downside
Confidence: High
Conservative value investing approach
Calculation Breakdown
Formula:
√(22.5 × EPS × BVPS)
Step 1: Multiply constant by EPS
22.5 × 0.33 = 7.38
Step 2: Multiply by Book Value per Share
7.38 × 5.93 = 43.76
Step 3: Take square root
√43.76 = 6.62
Graham Number Result:
$6.62
BBCP Graham Intrinsic Value
Growth-adjusted intrinsic value with two formula variants
Formula Selection
V = EPS × (8.5 + 2g)
Graham's original P/E shortcut for growth, no interest-rate adjustment
V = [EPS × (8.5 + 2g) × 4.4] / Y
Graham's 1974 refinement: adds rate-environment sensitivity
Active Formula: Base-Growth
0.33 × (8.5 + 2 × 8.0%)
Input Data & Growth Assumptions
Current EPS (TTM)$0.33
Latest 10-K • 2024-10-31T00:00:00
No positive historical growth rates available.
Graham's formula is designed for growing companies. Use the custom input below with a conservative positive growth estimate (5-10%).
Custom
%
Enter a positive growth rate estimate (0-50%)
Graham Intrinsic Value Result
$8.03
Intrinsic Value
$6.94
Current Price
+15.8%
Upside/Downside
Base Formula
Growth: 8.0%
BBCP Peter Lynch Fair Value
Growth-based valuation using PEG ratio analysis for growth stocks
Fair Value Calculation
EPS (TTM)$0.33
Latest 10-K • 2024-10-31T00:00:00
No positive historical growth rates available. Using custom growth rate slider.
10.0%
1%50%
Fair Value Formula: EPS × Growth Rate
$0.33 × 10.0% = $3.28
$3.28
Fair Value
$6.94
Current Price
-52.8%
Upside/Downside
PEG Analysis
21.2x
Current P/E
10.0%
Growth Rate
2.12
PEG Ratio (P/E ÷ Growth Rate)
Significantly Overvalued
PEG Ratio Interpretation:
• PEG < 1.0: Undervalued (growth exceeds P/E)
• PEG = 1.0: Fairly valued (ideal Lynch ratio)
• PEG > 1.5: Overvalued (paying premium for growth)
Peter Lynch's Rule:
"The P/E ratio of any company that's fairly priced will equal its growth rate." A stock with 15% growth should trade at a P/E of 15 (PEG = 1.0).
BBCP Earnings Power Value (EPV)
Normalized earnings-based valuation for sustainable earning power assessment
Earnings Normalization
| Earnings Component | Amount ($B) | Description |
|---|---|---|
| Reported Earnings | 0.0 | Base earnings from financial statements |
| Normalized Earnings | 0.0 | Final normalized earning power |
One-time Items: Remove non-recurring gains/losses
Cyclical Adjustment: Normalize for economic cycle position
EPV Result
$4.81
EPV per Share
$6.94
Current Price
-30.8%
Upside/Downside
6.2%
WACC: 6.2% (calculated from market data)
Confidence: High
Normalized earnings approach
EPV Calculation Breakdown
Enterprise Value Calculation
| Normalized Earnings | $0.0B |
| Cost of Capital | 6.2% |
| Enterprise Value | $0.3B |
Per Share Value
| Enterprise Value | $0.3B |
| Shares Outstanding | 0.1B |
| EPV per Share | $4.81 |
WACC Components
| Cost of Equity | 9.1% |
| After-Tax Cost of Debt | 3.5% |
| Equity Weight | 48.5% |
| Debt Weight | 51.5% |
| WACC | 6.2% |