Badger Infrastructure Solutions Ltd
Badger Infrastructure Solutions Ltd. provides non-destructive excavating and related services in Canada and the United States. Its Badger Hydrovac technology uses a pressurized water stream to liquify the soil cover. The company offers daylighting, potholing, and power distribution services for visual confirmation of buried lines, directional drilling test holes, sacrificial anode installation, p… Read more
Badger Infrastructure Solutions Ltd (BADFF) - Net Assets
Latest net assets as of June 2025: $267.40 Million USD
Based on the latest financial reports, Badger Infrastructure Solutions Ltd (BADFF) has net assets worth $267.40 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($722.68 Million) and total liabilities ($455.27 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $267.40 Million |
| % of Total Assets | 37.0% |
| Annual Growth Rate | 8.95% |
| 5-Year Change | -21.4% |
| 10-Year Change | -3.54% |
| Growth Volatility | 18.59 |
Badger Infrastructure Solutions Ltd - Net Assets Trend (1997–2024)
This chart illustrates how Badger Infrastructure Solutions Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Badger Infrastructure Solutions Ltd (1997–2024)
The table below shows the annual net assets of Badger Infrastructure Solutions Ltd from 1997 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $258.20 Million | +5.39% |
| 2023-12-31 | $244.99 Million | +9.94% |
| 2022-12-31 | $222.85 Million | -20.75% |
| 2021-12-31 | $281.20 Million | -14.40% |
| 2020-12-31 | $328.52 Million | -0.65% |
| 2019-12-31 | $330.67 Million | -9.78% |
| 2018-12-31 | $366.50 Million | +15.07% |
| 2017-12-31 | $318.49 Million | +14.13% |
| 2016-12-31 | $279.07 Million | +4.25% |
| 2015-12-31 | $267.69 Million | +19.37% |
| 2014-12-31 | $224.25 Million | +31.09% |
| 2013-12-31 | $171.07 Million | +22.45% |
| 2012-12-31 | $139.71 Million | +56.31% |
| 2011-12-31 | $89.38 Million | +13.64% |
| 2010-12-31 | $78.65 Million | +7.90% |
| 2009-12-31 | $72.89 Million | +11.37% |
| 2008-12-31 | $65.45 Million | +12.01% |
| 2007-12-31 | $58.43 Million | +7.11% |
| 2006-12-31 | $54.55 Million | +7.13% |
| 2005-12-31 | $50.92 Million | +10.72% |
| 2004-12-31 | $45.99 Million | +18.89% |
| 2003-12-31 | $38.69 Million | +11.66% |
| 2002-12-31 | $34.65 Million | +1.50% |
| 2001-12-31 | $34.13 Million | -18.07% |
| 2000-12-31 | $41.66 Million | +2.62% |
| 1999-12-31 | $40.60 Million | -4.02% |
| 1998-12-31 | $42.30 Million | +65.88% |
| 1997-12-31 | $25.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Badger Infrastructure Solutions Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 7185.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $196.71 Million | 76.18% |
| Common Stock | $65.84 Million | 25.50% |
| Other Comprehensive Income | $-4.77 Million | -1.85% |
| Other Components | $422.00K | 0.16% |
| Total Equity | $258.20 Million | 100.00% |
Badger Infrastructure Solutions Ltd Competitors by Market Cap
The table below lists competitors of Badger Infrastructure Solutions Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
First Advantage Corp
NASDAQ:FA
|
$857.79 Million |
|
Jamieson Wellness Inc
PINK:JWLLF
|
$857.83 Million |
|
GREENCOAT RENEWAB.EO-01
F:GRP
|
$857.86 Million |
|
First Mid Illinois Bancshares Inc
NASDAQ:FMBH
|
$857.95 Million |
|
Guangdong Anda Automation Solutions Co. Ltd. A
SHG:688125
|
$856.97 Million |
|
Shandong Chenming Paper Holdings Ltd
SHE:000488
|
$856.84 Million |
|
Shenzhen Airport Co Ltd
SHE:000089
|
$856.79 Million |
|
Strauss Group Ltd
PINK:SGLJF
|
$856.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Badger Infrastructure Solutions Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 244,994,000 to 258,200,000, a change of 13,206,000 (5.4%).
- Net income of 47,872,000 contributed positively to equity growth.
- Dividend payments of 17,993,000 reduced retained earnings.
- Share repurchases of 6,078,000 reduced equity.
- Other comprehensive income increased equity by 2,871,101.
- Other factors decreased equity by 13,466,101.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $47.87 Million | +18.54% |
| Dividends Paid | $17.99 Million | -6.97% |
| Share Repurchases | $6.08 Million | -2.35% |
| Other Comprehensive Income | $2.87 Million | +1.11% |
| Other Changes | $-13.47 Million | -5.22% |
| Total Change | $- | 5.39% |
Book Value vs Market Value Analysis
This analysis compares Badger Infrastructure Solutions Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.39x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 19.33x to 3.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | $1.31 | $25.39 | x |
| 1998-12-31 | $1.68 | $25.39 | x |
| 1999-12-31 | $1.43 | $25.39 | x |
| 2000-12-31 | $1.35 | $25.39 | x |
| 2001-12-31 | $1.13 | $25.39 | x |
| 2002-12-31 | $1.15 | $25.39 | x |
| 2003-12-31 | $1.28 | $25.39 | x |
| 2004-12-31 | $1.44 | $25.39 | x |
| 2005-12-31 | $1.58 | $25.39 | x |
| 2006-12-31 | $1.69 | $25.39 | x |
| 2007-12-31 | $1.81 | $25.39 | x |
| 2008-12-31 | $2.01 | $25.39 | x |
| 2009-12-31 | $2.25 | $25.39 | x |
| 2010-12-31 | $2.42 | $25.39 | x |
| 2011-12-31 | $2.75 | $25.39 | x |
| 2012-12-31 | $4.00 | $25.39 | x |
| 2013-12-31 | $4.62 | $25.39 | x |
| 2014-12-31 | $6.06 | $25.39 | x |
| 2015-12-31 | $7.22 | $25.39 | x |
| 2016-12-31 | $7.52 | $25.39 | x |
| 2017-12-31 | $8.58 | $25.39 | x |
| 2018-12-31 | $9.88 | $25.39 | x |
| 2019-12-31 | $9.23 | $25.39 | x |
| 2020-12-31 | $9.42 | $25.39 | x |
| 2021-12-31 | $8.13 | $25.39 | x |
| 2022-12-31 | $6.46 | $25.39 | x |
| 2023-12-31 | $7.11 | $25.39 | x |
| 2024-12-31 | $7.50 | $25.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Badger Infrastructure Solutions Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.54%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.43%
- • Asset Turnover: 1.11x
- • Equity Multiplier: 2.59x
- Recent ROE (18.54%) is above the historical average (14.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 8.63% | 8.43% | 0.50x | 2.03x | $-350.00K |
| 1998 | 17.02% | 9.49% | 0.95x | 1.88x | $2.97 Million |
| 1999 | -28.82% | -19.90% | 0.72x | 2.01x | $-15.76 Million |
| 2000 | 3.37% | 1.82% | 0.92x | 2.01x | $-2.76 Million |
| 2001 | -15.75% | -9.25% | 0.98x | 1.73x | $-8.79 Million |
| 2002 | 1.48% | 1.03% | 0.83x | 1.73x | $-2.95 Million |
| 2003 | 10.29% | 6.25% | 1.06x | 1.55x | $110.77K |
| 2004 | 24.78% | 17.42% | 0.97x | 1.47x | $6.80 Million |
| 2005 | 29.03% | 17.74% | 1.12x | 1.46x | $9.69 Million |
| 2006 | 30.24% | 16.77% | 1.09x | 1.65x | $11.04 Million |
| 2007 | 28.62% | 14.21% | 1.06x | 1.90x | $10.88 Million |
| 2008 | 29.00% | 12.80% | 1.02x | 2.22x | $12.44 Million |
| 2009 | 26.96% | 14.56% | 0.98x | 1.89x | $12.36 Million |
| 2010 | 23.60% | 13.30% | 0.90x | 1.96x | $10.70 Million |
| 2011 | 28.87% | 13.29% | 1.06x | 2.06x | $16.87 Million |
| 2012 | 20.08% | 11.73% | 1.06x | 1.61x | $14.08 Million |
| 2013 | 23.59% | 12.43% | 0.97x | 1.95x | $23.26 Million |
| 2014 | 23.68% | 12.58% | 0.95x | 1.98x | $30.68 Million |
| 2015 | 14.38% | 9.51% | 0.91x | 1.67x | $11.72 Million |
| 2016 | 10.36% | 7.15% | 0.88x | 1.64x | $1.00 Million |
| 2017 | 20.68% | 13.19% | 1.00x | 1.57x | $34.00 Million |
| 2018 | 18.50% | 11.02% | 1.02x | 1.65x | $31.17 Million |
| 2019 | 18.06% | 9.13% | 0.98x | 2.02x | $26.66 Million |
| 2020 | 5.91% | 3.47% | 0.90x | 1.90x | $-13.44 Million |
| 2021 | -4.00% | -1.98% | 0.94x | 2.16x | $-39.37 Million |
| 2022 | 8.21% | 3.20% | 1.07x | 2.39x | $-3.99 Million |
| 2023 | 17.05% | 6.11% | 1.08x | 2.58x | $17.27 Million |
| 2024 | 18.54% | 6.43% | 1.11x | 2.59x | $22.05 Million |
Industry Comparison
This section compares Badger Infrastructure Solutions Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $1,646,543,800
- Average return on equity (ROE) among peers: 16.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Badger Infrastructure Solutions Ltd (BADFF) | $267.40 Million | 8.63% | 1.70x | $857.22 Million |
| Arcosa Inc (ACA) | $2.43 Billion | 3.86% | 1.02x | $5.06 Billion |
| Aecom Technology Corporation (ACM) | $-181.00 Million | 0.00% | 0.00x | $11.42 Billion |
| ACS Actividades de Construcción y Servicios S.A (ACSAF) | $4.44 Billion | 29.55% | 6.70x | $8.35 Billion |
| Acciona S.A (ACXIF) | $6.30 Billion | 7.00% | 2.58x | $3.04 Billion |
| Aecon Group Inc (AEGXF) | $153.60 Million | 7.49% | 3.66x | $737.44 Million |
| ÅF Pöyry AB (publ) (AFXXF) | $551.78 Million | 41.72% | 1.52x | $1.66 Billion |
| Abengoa S.A (AGOAF) | $797.49 Million | 15.10% | 9.17x | $1.82 Million |
| AF Gruppen ASA (AGRUF) | $1.95 Billion | 35.44% | 2.36x | $547.02 Million |
| Argan Inc (AGX) | $3.70 Million | 24.32% | 1.27x | $6.30 Billion |
| Amelco Corporation (AMLC) | $15.28 Million | 4.60% | 1.62x | $2.84 |