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Black Diamond Group

TSX:BDI
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BDI
TSX
CA$104M
Market Cap
  1. Home
  2. CA
  3. Commercial Services
Company description

Black Diamond Group Limited rents and sells workspace and modular workforce accommodation solutions. The last earnings update was 8 days ago. More info.


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BDI Share Price and Events
7 Day Returns
4.5%
TSX:BDI
1.6%
CA Commercial Services
1.1%
CA Market
1 Year Returns
-18.7%
TSX:BDI
-6.3%
CA Commercial Services
6.6%
CA Market
BDI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Black Diamond Group (BDI) 4.5% 16.1% 13.3% -18.7% -37.2% -90.4%
CA Commercial Services 1.6% 5.5% 0.9% -6.3% 3.2% -27.7%
CA Market 1.1% 2.5% 2.8% 6.6% 8.7% 8.7%
1 Year Return vs Industry and Market
  • BDI underperformed the Commercial Services industry which returned -6.3% over the past year.
  • BDI underperformed the Market in Canada which returned 6.6% over the past year.
Price Volatility
BDI
Industry
5yr Volatility vs Market

Value

 Is Black Diamond Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Black Diamond Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Black Diamond Group.

TSX:BDI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:BDI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.66
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.66 (1 + (1- 26.5%) (116.84%))
1.152
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.152 * 5.96%)
8.81%

Discounted Cash Flow Calculation for TSX:BDI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Black Diamond Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

TSX:BDI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 8.81%)
2020 27.00 Analyst x3 24.81
2021 20.00 Analyst x1 16.89
2022 16.28 Est @ -18.61% 12.63
2023 14.25 Est @ -12.44% 10.17
2024 13.09 Est @ -8.13% 8.58
2025 12.43 Est @ -5.1% 7.49
2026 12.05 Est @ -2.99% 6.67
2027 11.87 Est @ -1.51% 6.04
2028 11.82 Est @ -0.47% 5.52
2029 11.85 Est @ 0.25% 5.09
Present value of next 10 years cash flows CA$103.00
TSX:BDI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$11.85 × (1 + 1.95%) ÷ (8.81% – 1.95%)
CA$175.86
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$175.86 ÷ (1 + 8.81%)10
CA$75.56
TSX:BDI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$103.00 + CA$75.56
CA$178.56
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$178.56 / 55.50
CA$3.22
TSX:BDI Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$3.22
Current discount Discount to share price of CA$1.87
= -1 x (CA$1.87 - CA$3.22) / CA$3.22
41.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Black Diamond Group is available for.
Intrinsic value
42%
Share price is CA$1.87 vs Future cash flow value of CA$3.22
Current Discount Checks
For Black Diamond Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Black Diamond Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Black Diamond Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Black Diamond Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Black Diamond Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:BDI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CAD CA$-0.16
TSX:BDI Share Price ** TSX (2019-11-12) in CAD CA$1.87
Canada Commercial Services Industry PE Ratio Median Figure of 9 Publicly-Listed Commercial Services Companies 12.92x
Canada Market PE Ratio Median Figure of 515 Publicly-Listed Companies 14.64x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Black Diamond Group.

TSX:BDI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:BDI Share Price ÷ EPS (both in CAD)

= 1.87 ÷ -0.16

-11.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Black Diamond Group is loss making, we can't compare its value to the CA Commercial Services industry average.
  • Black Diamond Group is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Black Diamond Group's expected growth come at a high price?
Raw Data
TSX:BDI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -11.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
91%per year
North America Commercial Services Industry PEG Ratio Median Figure of 37 Publicly-Listed Commercial Services Companies 1.39x
Canada Market PEG Ratio Median Figure of 232 Publicly-Listed Companies 1.05x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Black Diamond Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Black Diamond Group's assets?
Raw Data
TSX:BDI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CAD CA$3.91
TSX:BDI Share Price * TSX (2019-11-12) in CAD CA$1.87
Canada Commercial Services Industry PB Ratio Median Figure of 21 Publicly-Listed Commercial Services Companies 0.85x
Canada Market PB Ratio Median Figure of 2,291 Publicly-Listed Companies 1.27x
TSX:BDI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:BDI Share Price ÷ Book Value per Share (both in CAD)

= 1.87 ÷ 3.91

0.48x

* Primary Listing of Black Diamond Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Black Diamond Group is good value based on assets compared to the CA Commercial Services industry average.
X
Value checks
We assess Black Diamond Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Black Diamond Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Black Diamond Group expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
91%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Black Diamond Group expected to grow at an attractive rate?
  • Unable to compare Black Diamond Group's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Black Diamond Group's earnings growth to the Canada market average as it is expected to be loss making during the next 1-3 years.
  • Black Diamond Group's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:BDI Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:BDI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 91%
TSX:BDI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 2.1%
Canada Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 59.7%
Canada Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 10%
Canada Market Earnings Growth Rate Market Cap Weighted Average 11.2%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:BDI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:BDI Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 186 39 2
2020-12-31 194 39 -1 8
2019-12-31 184 34 -4 6
2019-11-13
TSX:BDI Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-09-30 184 34 -9
2019-06-30 175 36 -13
2019-03-31 170 35 -12
2018-12-31 166 39 -11
2018-09-30 162 52 -86
2018-06-30 162 47 -85
2018-03-31 156 41 -92
2017-12-31 153 31 -95
2017-09-30 150 38 -62
2017-06-30 141 42 -66
2017-03-31 138 61 -67
2016-12-31 153 70 -64

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Black Diamond Group is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Black Diamond Group's revenue is expected to grow by 2.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:BDI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Black Diamond Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:BDI Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 0.01 0.05 -0.02 3.00
2019-12-31 -0.07 -0.05 -0.09 3.00
2019-11-13
TSX:BDI Past Financials Data
Date (Data in CAD Millions) EPS *
2019-09-30 -0.16
2019-06-30 -0.24
2019-03-31 -0.22
2018-12-31 -0.21
2018-09-30 -1.57
2018-06-30 -1.54
2018-03-31 -1.67
2017-12-31 -1.81
2017-09-30 -1.22
2017-06-30 -1.38
2017-03-31 -1.51
2016-12-31 -1.49

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Black Diamond Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Black Diamond Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Black Diamond Group has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Black Diamond Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Black Diamond Group's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Black Diamond Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Black Diamond Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Black Diamond Group's 1-year growth to the CA Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
Black Diamond Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Black Diamond Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:BDI Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 184.09 -8.76 40.36
2019-06-30 174.98 -13.24 40.07
2019-03-31 170.36 -12.19 40.70
2018-12-31 165.93 -11.38 40.47
2018-09-30 162.08 -86.44 40.14
2018-06-30 161.73 -85.03 40.25
2018-03-31 156.12 -91.88 40.68
2017-12-31 153.38 -95.41 40.86
2017-09-30 149.67 -61.81 40.73
2017-06-30 140.64 -66.36 40.49
2017-03-31 137.92 -67.18 39.21
2016-12-31 152.59 -64.15 40.22
2016-09-30 166.70 -26.66 41.38
2016-06-30 198.63 -10.81 44.26
2016-03-31 235.37 -3.05 46.78
2015-12-31 282.19 8.40 50.30
2015-09-30 319.01 12.54 53.56
2015-06-30 344.43 15.76 54.52
2015-03-31 361.69 26.16 56.42
2014-12-31 386.57 35.04 55.97
2014-09-30 404.61 52.31 55.64
2014-06-30 397.97 52.93 54.76
2014-03-31 380.65 52.36 53.67
2013-12-31 347.06 53.22 51.85
2013-09-30 308.64 49.96 49.32
2013-06-30 305.39 51.13 45.88
2013-03-31 296.30 53.12 41.47
2012-12-31 264.27 47.39 37.12

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Black Diamond Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Black Diamond Group has efficiently used its assets last year compared to the CA Commercial Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Black Diamond Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Black Diamond Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Black Diamond Group has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Black Diamond Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Black Diamond Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Black Diamond Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Black Diamond Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Black Diamond Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Black Diamond Group Company Filings, last reported 1 month ago.

TSX:BDI Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 218.66 96.80 2.97
2019-06-30 217.20 94.04 0.54
2019-03-31 221.25 88.26 0.25
2018-12-31 224.77 90.08 3.18
2018-09-30 222.81 83.59 1.63
2018-06-30 230.39 86.46 1.67
2018-03-31 229.20 107.47 4.10
2017-12-31 228.12 115.06 2.50
2017-09-30 306.23 121.53 2.24
2017-06-30 314.45 118.41 4.52
2017-03-31 328.73 113.02 6.08
2016-12-31 307.42 110.70 6.12
2016-09-30 354.94 118.91 5.68
2016-06-30 335.71 145.26 6.71
2016-03-31 348.90 157.71 6.93
2015-12-31 366.19 159.16 5.89
2015-09-30 374.51 186.12 2.06
2015-06-30 367.77 192.27 6.57
2015-03-31 381.43 197.96 12.39
2014-12-31 371.81 196.40 20.50
2014-09-30 418.61 138.54 16.77
2014-06-30 412.32 128.84 19.60
2014-03-31 406.61 168.66 17.65
2013-12-31 389.43 185.56 31.79
2013-09-30 384.38 158.07 16.62
2013-06-30 379.79 144.52 14.76
2013-03-31 377.05 159.24 4.76
2012-12-31 361.08 97.53 2.70
  • Black Diamond Group's level of debt (44.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (33.3% vs 44.3% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Black Diamond Group has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Black Diamond Group has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 68% per year.
X
Financial health checks
We assess Black Diamond Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Black Diamond Group has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Black Diamond Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Black Diamond Group dividends. Estimated to be 0% next year.
If you bought CA$2,000 of Black Diamond Group shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Black Diamond Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Black Diamond Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:BDI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
North America Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 1.7%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:BDI Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 3.00
2019-12-31 0.00 3.00
2019-11-13
TSX:BDI Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-08-08 0.000 0.000
2019-05-02 0.000 0.000
2019-03-05 0.000 0.000
2018-11-06 0.000 0.000
2018-08-08 0.000 0.000
2018-05-03 0.000 0.000
2018-03-06 0.000 0.000
2017-11-07 0.000 0.000
2017-07-20 0.300 15.031
2017-06-20 0.300 11.746
2017-05-19 0.300 9.884
2017-04-19 0.300 8.235
2017-03-22 0.300 7.765
2017-02-16 0.300 7.403
2017-01-19 0.300 5.748
2016-12-19 0.300 6.543
2016-11-21 0.300 8.204
2016-10-21 0.300 7.630
2016-09-21 0.300 6.676
2016-08-22 0.300 6.869
2016-07-20 0.300 6.083
2016-06-21 0.300 5.781
2016-05-19 0.300 5.486
2016-04-20 0.300 6.252
2016-03-21 0.300 7.188
2016-02-18 0.600 13.366
2016-01-20 0.600 12.175
2015-12-17 0.600 9.914
2015-11-17 0.600 8.961
2015-10-16 0.960 11.710
2015-09-18 0.960 10.645
2015-08-18 0.960 10.845
2015-07-17 0.960 7.220
2015-06-16 0.960 5.611
2015-05-19 0.960 5.940
2015-04-17 0.960 5.979
2015-03-17 0.960 6.858
2015-02-17 0.960 7.126
2015-01-19 0.960 9.060
2014-12-18 0.960 7.911
2014-11-18 0.960 5.865
2014-10-17 0.960 4.857
2014-09-18 0.960 3.988
2014-08-12 0.960 3.338
2014-07-18 0.900 2.933
2014-06-18 0.900 2.668
2014-05-16 0.900 2.663
2014-04-17 0.900 2.609
2014-03-18 0.900 2.612
2014-02-18 0.900 2.949
2014-01-17 0.900 3.035
2013-11-06 0.900 3.154
2013-10-18 0.840 3.211
2013-09-18 0.840 3.352
2013-08-16 0.840 3.510
2013-07-18 0.840 3.479
2013-06-18 0.840 3.777
2013-05-17 0.840 3.632
2013-04-18 0.840 3.989
2013-03-12 0.840 4.121
2013-02-15 0.720 3.401
2013-01-18 0.720 3.295
2012-12-18 0.720 3.460
2012-10-18 0.720 3.555
2012-09-18 0.720 3.273
2012-08-17 0.720 3.329
2012-07-18 0.720 3.340
2012-05-02 0.720 3.296
2012-04-18 0.660 3.205
2012-03-16 0.660 3.336
2012-02-17 0.660 3.139
2011-11-09 0.660 3.699
2011-10-18 0.570 3.872
2011-09-16 0.570 4.115
2011-08-23 0.570 3.804
2011-07-18 0.570 3.825
2011-06-17 0.570 3.729
2011-05-18 0.570 3.945
2011-04-18 0.570 4.070
2011-03-18 0.570 4.357
2011-02-07 0.570 4.751
2010-11-10 0.570 5.368
2010-10-18 0.540 5.907
2010-09-07 0.540 6.008
2010-08-18 0.540 6.400
2010-07-08 0.540 6.013
2010-06-09 0.540 6.106
2010-05-18 0.540 6.209
2010-04-16 0.540 5.604
2010-03-18 0.540 5.402
2010-02-08 0.540 5.608
2010-01-18 0.540 6.156
2009-12-18 0.540 6.409
2009-11-18 0.540 7.034
2009-10-16 0.540 6.910
2009-09-18 0.540 7.589
2009-08-18 0.540 8.371
2009-07-17 0.540 9.289
2009-06-18 0.540 9.801
2009-05-15 0.540 9.469
2009-04-17 0.540 11.688
2009-03-18 0.540 14.532
2009-02-18 0.540 16.337
2009-01-19 0.540 15.212
2008-12-18 0.540 15.193
2008-11-18 0.540 15.399

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Black Diamond Group has not reported any payouts.
  • Unable to verify if Black Diamond Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Black Diamond Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Black Diamond Group has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Black Diamond Group's dividends in 3 years as they are not expected to pay a notable one for Canada.
X
Income/ dividend checks
We assess Black Diamond Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Black Diamond Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Black Diamond Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Black Diamond Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Trevor Haynes
COMPENSATION CA$1,069,870
AGE 52
TENURE AS CEO 9.9 years
CEO Bio

Mr. Trevor Haynes has been the Chief Executive Officer and President at Black Diamond Group Limited since December 31, 2009 and has been its Chairman since May 7, 2015. Mr. Haynes is a Co-founder of CF Construction Services. He served as the Chief Executive Officer and President of Black Diamond Group Limited (Black Diamond Group Inc.), the Manager of Black Diamond Income Fund from June 2006 to December 31, 2009. He served as a Principal and the President of Kettleby Investment Management Corporation, from January 2003 to May 2005. From February 1992 to December 2002, he served as the Director of International Sales and Division Management at ATCO Structures & Logistics Ltd. He was a Promoter of Aqueous Capital Corp. He served as the Chairman of Northern Frontier Corp. (formerly Frontier Acquisition Corp.) from October 2011 to July 12, 2016. He is a Director of CF Construction Services. He has been a Director of Black Diamond Group Limited since October 7, 2009. Mr. Haynes serves as Chairman of Black Diamond Group Ltd. He serves as a Director at Petroleum Services Association of Canada and the Fig Tree Foundation. He served as a Director of Aqueous Capital Corp., from November 2006 to October 2009 and Black Diamond Group Inc. since September 2006. He served as a Director of NCSG Crane & Heavy Haul Services Ltd. (formerly, NC Services Group Ltd.). Mr. Haynes graduated from the University of Toronto with a Bachelor of Arts degree in 1991.

CEO Compensation
  • Trevor's compensation has increased whilst company is loss making.
  • Trevor's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Black Diamond Group management team in years:

3.7
Average Tenure
56
Average Age
  • The tenure for the Black Diamond Group management team is about average.
Management Team

Trevor Haynes

TITLE
Chairman
COMPENSATION
CA$1M
AGE
52
TENURE
9.9 yrs

Toby Labrie

TITLE
Executive VP & CFO
COMPENSATION
CA$497K
TENURE
3.7 yrs

Patrick Melanson

TITLE
Executive VP of Shared Services & Chief Information Officer
COMPENSATION
CA$476K
TENURE
3.8 yrs

Mike Ridley

TITLE
Executive VP & COO of Workforce Solutions
COMPENSATION
CA$544K
AGE
56
TENURE
2.2 yrs

Ted Redmond

TITLE
Executive VP & COO - Modular Space Solutions
AGE
57
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Black Diamond Group board of directors in years:

4.5
Average Tenure
57
Average Age
  • The tenure for the Black Diamond Group board of directors is about average.
Board of Directors

Bob Herdman

TITLE
Independent Director
COMPENSATION
CA$76K
AGE
68
TENURE
7.7 yrs

Trevor Haynes

TITLE
Chairman
COMPENSATION
CA$1M
AGE
52
TENURE
4.5 yrs

David Olsson

TITLE
Independent Director
COMPENSATION
CA$84K
TENURE
5.8 yrs

Robert Wagemakers

TITLE
Lead Independent Director
COMPENSATION
CA$75K
AGE
62
TENURE
2.5 yrs

Steve Stein

TITLE
Director
COMPENSATION
CA$141K
TENURE
10.1 yrs

Barbara Kelley

TITLE
Independent Director
COMPENSATION
CA$74K
TENURE
3.5 yrs

Edward Kernaghan

TITLE
Independent Director
COMPENSATION
CA$60K
AGE
47
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Black Diamond Group individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
17. Sep 19 Buy Trevor Haynes Individual 13. Sep 19 13. Sep 19 2,500 CA$1.82 CA$4,550
13. Sep 19 Buy Trevor Haynes Individual 10. Sep 19 11. Sep 19 8,500 CA$1.74 CA$14,553
09. Sep 19 Buy Claryn Equities Inc Company 06. Sep 19 06. Sep 19 5,000 CA$1.71 CA$8,509
06. Sep 19 Buy Trevor Haynes Individual 03. Sep 19 03. Sep 19 2,500 CA$1.69 CA$4,225
03. Sep 19 Buy Trevor Haynes Individual 27. Aug 19 30. Aug 19 12,200 CA$1.71 CA$20,642
27. Aug 19 Buy Edward Kernaghan Individual 26. Aug 19 26. Aug 19 11,300 CA$1.78 CA$19,986
26. Aug 19 Buy Trevor Haynes Individual 21. Aug 19 21. Aug 19 2,500 CA$1.68 CA$4,200
26. Aug 19 Buy Edward Kernaghan Individual 23. Aug 19 23. Aug 19 68,200 CA$1.80 CA$121,915
23. Aug 19 Buy Michael Ridley Individual 12. Aug 19 12. Aug 19 6,200 CA$1.62 CA$10,038
23. Aug 19 Buy Edward Kernaghan Individual 22. Aug 19 22. Aug 19 5,900 CA$1.80 CA$10,590
22. Aug 19 Buy Edward Kernaghan Individual 21. Aug 19 21. Aug 19 114,600 CA$1.75 CA$194,972
21. Aug 19 Buy Trevor Haynes Individual 16. Aug 19 20. Aug 19 7,500 CA$1.68 CA$12,517
14. Aug 19 Buy Trevor Haynes Individual 12. Aug 19 14. Aug 19 25,000 CA$1.78 CA$42,522
12. Aug 19 Buy Steven Stein Individual 12. Aug 19 12. Aug 19 2,500 CA$1.63 CA$4,075
04. Jul 19 Buy Claryn Equities Inc Company 03. Jul 19 03. Jul 19 5,000 CA$2.01 CA$10,050
07. Jun 19 Buy Claryn Equities Inc Company 05. Jun 19 05. Jun 19 5,000 CA$2.05 CA$10,250
07. Jun 19 Buy Edward Kernaghan Individual 06. Jun 19 06. Jun 19 6,000 CA$2.10 CA$12,536
04. Jun 19 Buy Edward Kernaghan Individual 03. Jun 19 03. Jun 19 7,000 CA$2.06 CA$14,420
31. May 19 Buy Claryn Equities Inc Company 28. May 19 28. May 19 5,000 CA$2.16 CA$10,800
15. May 19 Buy Kernwood Limited Company 14. May 19 14. May 19 35,000 CA$2.24 CA$77,193
07. May 19 Sell Edward Kernaghan Individual 06. May 19 06. May 19 -100,000 CA$2.37 CA$-237,000
07. May 19 Buy Kernwood Limited Company 06. May 19 06. May 19 100,000 CA$2.37 CA$237,000
29. Mar 19 Buy Claryn Equities Inc Company 27. Mar 19 29. Mar 19 5,400 CA$1.81 CA$9,744
26. Mar 19 Buy Claryn Equities Inc Company 25. Mar 19 25. Mar 19 5,000 CA$1.81 CA$9,050
01. Jan 19 Buy Trevor Haynes Individual 27. Dec 18 28. Dec 18 3,100 CA$1.94 CA$5,906
28. Dec 18 Buy Kernwood Limited Company 27. Dec 18 27. Dec 18 48,000 CA$1.80 CA$85,219
21. Dec 18 Buy Trevor Haynes Individual 20. Dec 18 21. Dec 18 5,200 CA$1.97 CA$9,967
21. Dec 18 Buy Kernwood Limited Company 20. Dec 18 21. Dec 18 94,400 CA$2.01 CA$183,460
20. Dec 18 Buy Trevor Haynes Individual 18. Dec 18 18. Dec 18 3,269 CA$2.10 CA$6,865
20. Dec 18 Buy Kernwood Limited Company 19. Dec 18 19. Dec 18 30,000 CA$2.04 CA$60,334
20. Dec 18 Sell Harry Klukas Individual 20. Dec 18 20. Dec 18 -5,400 CA$1.97 CA$-10,638
19. Dec 18 Buy Kernwood Limited Company 18. Dec 18 18. Dec 18 63,300 CA$2.05 CA$127,015
07. Dec 18 Buy Kernwood Limited Company 06. Dec 18 06. Dec 18 120,000 CA$2.10 CA$247,735
26. Nov 18 Buy Trevor Haynes Individual 20. Nov 18 22. Nov 18 8,100 CA$2.34 CA$18,791
23. Nov 18 Buy Trevor Haynes Individual 19. Nov 18 19. Nov 18 1,900 CA$2.38 CA$4,522
X
Management checks
We assess Black Diamond Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Black Diamond Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Trade Alert: The Independent Director Of Black Diamond Group Limited (TSE:BDI), Edward Kernaghan, Has Just Spent CA$195k Buying Shares

View our latest analysis for Black Diamond Group Black Diamond Group Insider Transactions Over The Last Year In fact, the recent sale by Independent Director Edward Kernaghan was not their only sale of Black Diamond Group shares this year. … TSX:BDI Recent Insider Trading, August 26th 2019 Does Black Diamond Group Boast High Insider Ownership? … When combined with notable insider ownership, these factors suggest Black Diamond Group insiders are well aligned, and that they may think the share price is too low.

Simply Wall St -

What Kind Of Shareholder Appears On The Black Diamond Group Limited's (TSE:BDI) Shareholder Register?

The big shareholder groups in Black Diamond Group Limited (TSE:BDI) have power over the company. … View our latest analysis for Black Diamond Group TSX:BDI Ownership Summary, August 16th 2019 What Does The Institutional Ownership Tell Us About Black Diamond Group? … General Public Ownership The general public -- mostly retail investors -- own 57% of Black Diamond Group.

Simply Wall St -

Black Diamond Group (TSE:BDI) Seems To Be Really Weighed Down By Its Debt

We note that Black Diamond Group Limited (TSE:BDI) does have debt on its balance sheet. … TSX:BDI Historical Debt, July 18th 2019 A Look At Black Diamond Group's Liabilities We can see from the most recent balance sheet that Black Diamond Group had liabilities of CA$41.1m falling due within a year, and liabilities of CA$155.8m due beyond that. … Since Black Diamond Group does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time.

Simply Wall St -

Who Has Been Selling Black Diamond Group Limited (TSE:BDI) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Black Diamond Group Limited (TSE:BDI). … Over the last year we saw more insider selling of Black Diamond Group shares, than buying. … Insiders at Black Diamond Group Have Sold Stock Recently Over the last three months, we've seen notably more insider selling, than insider buying, at Black Diamond Group.

Simply Wall St -

Did Changing Sentiment Drive Black Diamond Group's (TSE:BDI) Share Price Down A Painful 94%?

Black Diamond Group Limited (TSE:BDI) shareholders should be happy to see the share price up 18% in the last quarter. … In the last five years Black Diamond Group saw its revenue shrink by 24% per year. … Dividends have been really beneficial for Black Diamond Group shareholders, and that cash payout explains why its total shareholder loss of 92%, over the last 5 years, isn't as bad as the share price return.

Simply Wall St -

How Much Of Black Diamond Group Limited (TSE:BDI) Do Insiders Own?

Every investor in Black Diamond Group Limited (TSE:BDI) should be aware of the most powerful shareholder groups. … With a market capitalization of CA$117m, Black Diamond Group is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Black Diamond Group

Simply Wall St -

Is Black Diamond Group Limited's (TSE:BDI) Balance Sheet A Threat To Its Future?

Investors are always looking for growth in small-cap stocks like Black Diamond Group Limited (TSE:BDI), with a market cap of CA$101m. … the current state of its operations and pathway to profitability.

Simply Wall St -

How Should Investors React To Black Diamond Group Limited's (TSE:BDI) CEO Pay?

In 2009 Trevor Haynes was appointed CEO of Black Diamond Group Limited (TSE:BDI). … How Does Trevor Haynes's Compensation Compare With Similar Sized Companies. … Our data indicates that Black Diamond Group Limited is worth CA$116m, and total annual CEO compensation is CA$1.0m.

Simply Wall St -

What Kind Of Shareholder Appears On The Black Diamond Group Limited's (TSE:BDI) Shareholder Register?

The big shareholder groups in Black Diamond Group Limited (TSE:BDI) have power over the company. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Black Diamond Group is a smaller company with a market capitalization of CA$110m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Should You Take Comfort From Insider Transactions At Black Diamond Group Limited (TSE:BDI)?

So shareholders might well want to know whether insiders have been buying or selling shares in Black Diamond Group Limited (TSE:BDI). … The Last 12 Months Of Insider Transactions At Black Diamond Group. … Overall, Black Diamond Group insiders were net buyers last year

Simply Wall St -

Company Info

Description

Black Diamond Group Limited rents and sells workspace and modular workforce accommodation solutions. It operates through two segments, Modular Space Solutions and Workforce Solutions. The Modular Space Solutions segment provides modular space rentals to customers in construction, real estate development, manufacturing, education, financial, and resource industries, as well as government agencies in North America. Its products include office units, lavatories, storage units, multi-unit office complexes, classroom facilities, high security modular buildings, custom manufactured modular facilities, and blast resistant structures. This segment also sells new and used space rentals units; and provides delivery, installation, project management, and ancillary products and services. The Workforce Solutions segment provides workforce housing solutions, including rental of accommodations and surface equipment, and provision of turnkey lodging and travel management logistics in Canada, the United States, and Australia. This segment also provides asset rental services; and associated services, such as installation, transportation, dismantlement, and sale of used fleet assets. The company was founded in 2003 and is headquartered in Calgary, Canada.

Details
Name: Black Diamond Group Limited
BDI
Exchange: TSX
Founded: 2003
CA$103,779,390
55,497,000
Website: http://www.blackdiamondgroup.com
Address: Black Diamond Group Limited
440-2nd Avenue S.W.,
Suite 1000,
Calgary,
Alberta, T2P 5E9,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX BDI Common Shares The Toronto Stock Exchange CA CAD 26. Sep 2006
OTCPK BDIM.F Common Shares Pink Sheets LLC US USD 26. Sep 2006
DB 8B8 Common Shares Deutsche Boerse AG DE EUR 26. Sep 2006
Number of employees
Current staff
Staff numbers
241
Black Diamond Group employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/13 00:04
End of day share price update: 2019/11/12 00:00
Last estimates confirmation: 2019/11/11
Last earnings filing: 2019/11/05
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.