A Business at a Glance
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Concrete Pumping Holdings, Inc. is a Delaware corporation headquartered in Thornton, Colorado. We refer to Concrete Pumping Holdings, Inc. as the "Company," "CPH,", "us", "we" or "our" in this Annual Report, and these designations include our subsidiaries unless we state otherwise. Our principal executive offices are located at 500 E. 84th Ave., Suite A-5, Thornton, Colorado, 80229. We maintain a website at https://www.concretepumpingholdings.com/. The information contained on, or that may be accessed through, our website is not part of, and is not incorporated into, this Annual Report. CPH is a leading provider of concrete pumping services and concrete waste management services in the United States ("U.S.") and the United Kingdom ("U.K.") based on fleet size, primarily operating under what we believe are the only established, national concrete pumping brands in both geographies – Brundage-Bone Concrete Pumping, Inc. ("Brundage-Bone") for concrete pumping in the U.S.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 393M | 393M | 426M | 442M | 401M | 316M |
| Net Income | 4.6M | 4.6M | 14M | 30M | 27M | -17M |
| EPS | $0.09 | $0.09 | $0.26 | $0.54 | $0.47 | $-0.31 |
| Free Cash Flow | 18M | 18M | 43M | 42M | -25M | 13M |
| ROIC | 8.7% | 3.6% | 4.9% | 7.2% | 6.5% | 6.1% |
| Gross Margin | 38.5% | 38.5% | 38.9% | 40.3% | 40.8% | 43.6% |
| Debt/Equity | 0.00 | 1.58 | 1.16 | 1.21 | 1.33 | 1.41 |
| Dividends/Share | $1.03 | $1.03 | - | - | - | - |
| Operating Income | 42M | 42M | 49M | 61M | 50M | 38M |
| Operating Margin | 10.6% | 10.6% | 11.6% | 13.9% | 12.5% | 12.0% |
| ROE | 1.7% | 1.6% | 4.5% | 9.7% | 9.6% | -6.4% |
| Shares Outstanding | 51M | 51M | 56M | 56M | 57M | 54M |
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | |||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 259M | 304M | 316M | 401M | 442M | 426M | 393M | 393M |
| Gross Margin | 44.5% | 45.1% | 43.6% | 40.8% | 40.3% | 38.9% | 38.5% | 38.5% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 22M | -32M | 38M | 50M | 61M | 49M | 42M | 42M |
| Op. Margin | 8.4% | -10.4% | 12.0% | 12.5% | 13.9% | 11.6% | 10.6% | 10.6% |
| Net Income | -18M | -63M | -17M | 27M | 30M | 14M | 4.6M | 4.6M |
| Net Margin | -7.0% | -20.8% | -5.3% | 6.7% | 6.8% | 3.4% | 1.2% | 1.2% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||||
| ROIC | 3.2% | -10.3% | 6.1% | 6.5% | 7.2% | 4.9% | 3.6% | 8.7% |
| ROE | -5.7% | -23.7% | -6.4% | 9.6% | 9.7% | 4.5% | 1.6% | 1.7% |
| ROA | -2.1% | -8.2% | -2.1% | 3.0% | 3.3% | 1.6% | 0.5% | 0.5% |
| Cash Flow | ||||||||
| Op. Cash Flow | 23M | 79M | 76M | 77M | 97M | 87M | 64M | 64M |
| Free Cash Flow | -13M | 40M | 13M | -25M | 42M | 43M | 18M | 18M |
| Owner Earnings | -1.1M | 39M | 40M | 37M | 53M | 43M | 21M | 21M |
| CapEx | 36M | 39M | 63M | 102M | 55M | 44M | 47M | 47M |
| Maint. CapEx | 20M | 28M | 29M | 35M | 40M | 42M | 42M | 42M |
| Growth CapEx | 15M | 11M | 34M | 67M | 15M | 1.8M | 5.1M | 5.1M |
| D&A | 20M | 28M | 29M | 35M | 40M | 42M | 42M | 42M |
| CapEx/OCF | 156.9% | 49.8% | 82.8% | 132.9% | 56.3% | 50.4% | 72.7% | 72.7% |
| Capital Allocation | ||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 53M | 53M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | 15.9% | 13.5% |
| Share Buybacks | 0 | 131K | 330K | 4.1M | 11M | 10M | 14M | 14M |
| Buyback Yield | N/A | 0.1% | 0.1% | 1.3% | 3.2% | 3.7% | 4.2% | 3.6% |
| Stock-Based Comp | 3.6M | 11M | 6.6M | 5.0M | 3.8M | 2.4M | 2.0M | 2.0M |
| Debt Repayment | 231M | 0 | 8.5M | 290K | 550K | 953K | 8.2M | 8.2M |
| Balance Sheet | ||||||||
| Net Debt | 353M | 337M | 360M | 363M | 356M | 330M | 373M | 0 |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | 361M | 344M | 369M | 370M | 372M | 373M | 418M | 418M |
| Debt/Equity | 1.14 | 1.29 | 1.41 | 1.33 | 1.21 | 1.16 | 1.58 | 0.00 |
| Interest Coverage | 0.6 | -0.9 | 1.5 | 1.9 | 2.2 | 1.9 | 1.3 | 1.3 |
| Equity | 317M | 267M | 263M | 279M | 308M | 322M | 265M | 265M |
| Total Assets | 871M | 774M | 793M | 887M | 905M | 898M | 880M | 880M |
| Total Liabilities | 529M | 482M | 505M | 583M | 571M | 551M | 590M | 590M |
| Intangibles | 498M | 407M | 383M | 358M | 342M | 329M | 318M | 318M |
| Retained Earnings | -39M | -100M | -115M | -86M | -54M | -38M | -85M | -85M |
| Working Capital | -29M | -2.3M | 19M | -29M | 10M | 56M | 61M | 61M |
| Current Assets | 63M | 60M | 68M | 82M | 94M | 112M | 113M | 113M |
| Current Liabilities | 92M | 62M | 48M | 110M | 84M | 56M | 52M | 52M |
| Per Share Data | ||||||||
| EPS | -0.43 | -1.20 | -0.31 | 0.47 | 0.54 | 0.26 | 0.09 | 0.09 |
| Owner EPS | -0.03 | 0.75 | 0.75 | 0.64 | 0.96 | 0.77 | 0.40 | 0.40 |
| Book Value | 7.56 | 5.07 | 4.84 | 4.88 | 5.54 | 5.79 | 5.15 | 5.15 |
| Cash Flow/Share | 0.54 | 1.50 | 1.40 | 1.34 | 1.74 | 1.56 | 1.25 | 0.90 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | 1.03 | 1.03 |
| Shares Out. | 41.9M | 52.7M | 54.3M | 57.3M | 55.6M | 55.6M | 51.4M | 51.4M |
| Valuation | ||||||||
| P/E Ratio | N/A | N/A | N/A | 12.1 | 11.0 | 19.1 | 72.8 | 85.3 |
| P/FCF | N/A | 4.0 | 32.2 | N/A | 7.8 | 6.4 | 19.2 | 22.5 |
| EV/EBIT | 22.1 | N/A | 20.5 | 13.8 | 11.2 | 12.3 | 17.1 | 9.5 |
| Price/Book | 0.4 | 0.6 | 1.6 | 1.2 | 1.1 | 0.9 | 1.3 | 1.5 |
| Price/Sales | 0.9 | 0.6 | 1.0 | 0.9 | 0.8 | 0.8 | 0.8 | 1.0 |
| FCF Yield | -10.5% | 24.8% | 3.1% | -7.7% | 12.9% | 15.6% | 5.2% | 4.4% |
| Market Cap | 123M | 160M | 420M | 327M | 329M | 276M | 336M | 394M |
| Avg. Price | 5.75 | 3.48 | 6.10 | 6.20 | 6.54 | 6.19 | 6.50 | 7.68 |
| Year-End Price | 2.94 | 3.03 | 7.73 | 5.71 | 5.92 | 4.96 | 6.55 | 7.68 |
Concrete Pumping Holdings, Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
Concrete Pumping Holdings, Inc. trades at 85.3x trailing earnings, compared to its 15-year median P/E of 15.6x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 22.3x vs a median of 7.8x. The company's 5-year average ROIC is 5.6% with a gross margin of 40.4%. Total shareholder yield (dividends + buybacks) is 17.1%. At current prices, the estimated annualized return to fair value is +9.1%.
Concrete Pumping Holdings, Inc. (BBCP) has a current P/E ratio of 85.3, compared to its historical median P/E of 15.6. The stock is currently considered Expensive based on its historical valuation range.
Concrete Pumping Holdings, Inc. (BBCP) has a 5-year average return on invested capital (ROIC) of 5.6%. This is below average and may indicate limited pricing power.
Concrete Pumping Holdings, Inc. (BBCP) has a market capitalization of $394M. It is classified as a small-cap stock.
Yes, Concrete Pumping Holdings, Inc. (BBCP) pays a dividend with a trailing twelve-month yield of 13.47%. The company also returns capital through share buybacks, with a buyback yield of 3.59%.
Based on historical P/E analysis, Concrete Pumping Holdings, Inc. (BBCP) appears expensive. The current P/E of 85.3 is 447% above its historical median of 15.6. The estimated fair value CAGR (P/E method) is 1.4%.
Concrete Pumping Holdings, Inc. (BBCP) operates in the Construction - Special Trade Contractors industry, within the Industrials sector.
Concrete Pumping Holdings, Inc. (BBCP) reported annual revenue of $393 million in its most recent fiscal year, based on SEC EDGAR filings.
Concrete Pumping Holdings, Inc. (BBCP) has a net profit margin of 1.2%. This is a modest margin.
Concrete Pumping Holdings, Inc. (BBCP) generated $18 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Concrete Pumping Holdings, Inc. (BBCP) has a debt-to-equity ratio of 1.58. This indicates higher leverage, which may increase financial risk.
Concrete Pumping Holdings, Inc. (BBCP) reported earnings per share (EPS) of $0.09 in its most recent fiscal year.
Concrete Pumping Holdings, Inc. (BBCP) has a return on equity (ROE) of 1.6%. This indicates moderate shareholder returns.
Concrete Pumping Holdings, Inc. (BBCP) has a 5-year average gross margin of 40.4%. This indicates decent pricing power.
The Ledger Terminal provides 7 years of financial data for Concrete Pumping Holdings, Inc. (BBCP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Concrete Pumping Holdings, Inc. (BBCP) has a book value per share of $5.15, based on its most recent annual SEC filing.