Bird Construction Inc. (BDT) - Net Assets
Based on the latest financial reports, Bird Construction Inc. (BDT) has net assets worth CA$457.40 Million CAD (≈ $330.88 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.86 Billion ≈ $1.34 Billion USD) and total liabilities (CA$1.40 Billion ≈ $1.01 Billion USD). 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. Check Bird Construction Inc. liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$457.40 Million |
| % of Total Assets | 24.66% |
| Annual Growth Rate | 13.55% |
| 5-Year Change | 102.38% |
| 10-Year Change | 151.79% |
| Growth Volatility | 25.59 |
Bird Construction Inc. - Net Assets Trend (2004–2024)
This chart illustrates how Bird Construction Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore Bird Construction Inc. (BDT) total assets for the complete picture of this company's asset base.
Annual Net Assets for Bird Construction Inc. (2004–2024)
The table below shows the annual net assets of Bird Construction Inc. from 2004 to 2024. For live valuation and market cap data, see Bird Construction Inc. (BDT) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$430.28 Million ≈ $311.26 Million |
+33.42% |
| 2023-12-31 | CA$322.49 Million ≈ $233.29 Million |
+18.13% |
| 2022-12-31 | CA$272.99 Million ≈ $197.48 Million |
+12.12% |
| 2021-12-31 | CA$243.49 Million ≈ $176.14 Million |
+14.52% |
| 2020-12-31 | CA$212.61 Million ≈ $153.80 Million |
+66.47% |
| 2019-12-31 | CA$127.72 Million ≈ $92.39 Million |
-6.25% |
| 2018-12-31 | CA$136.23 Million ≈ $98.55 Million |
-11.43% |
| 2017-12-31 | CA$153.82 Million ≈ $111.27 Million |
-5.96% |
| 2016-12-31 | CA$163.57 Million ≈ $118.32 Million |
-4.29% |
| 2015-12-31 | CA$170.89 Million ≈ $123.62 Million |
-5.89% |
| 2014-12-31 | CA$181.59 Million ≈ $131.36 Million |
+2.42% |
| 2013-12-31 | CA$177.30 Million ≈ $128.25 Million |
-7.45% |
| 2012-12-31 | CA$191.56 Million ≈ $138.58 Million |
+17.95% |
| 2011-12-31 | CA$162.41 Million ≈ $117.49 Million |
+3.20% |
| 2010-12-31 | CA$157.37 Million ≈ $113.84 Million |
+16.27% |
| 2009-12-31 | CA$135.35 Million ≈ $97.91 Million |
+33.11% |
| 2008-12-31 | CA$101.68 Million ≈ $73.56 Million |
+90.87% |
| 2007-12-31 | CA$53.27 Million ≈ $38.54 Million |
+38.46% |
| 2006-12-31 | CA$38.47 Million ≈ $27.83 Million |
+14.74% |
| 2005-12-31 | CA$33.53 Million ≈ $24.26 Million |
-1.11% |
| 2004-12-31 | CA$33.91 Million ≈ $24.53 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Bird Construction Inc.'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 759.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$273.82 Million | 63.64% |
| Common Stock | CA$155.02 Million | 36.03% |
| Other Comprehensive Income | CA$-520.00K | -0.12% |
| Other Components | CA$1.96 Million | 0.45% |
| Total Equity | CA$430.28 Million | 100.00% |
Bird Construction Inc. Competitors by Market Cap
The table below lists competitors of Bird Construction Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Altius Minerals Corporation
TO:ALS
|
$1.68 Billion |
|
Guangdong Baolihua New Energy Stock Co LTD
SHE:000690
|
$1.68 Billion |
|
PT Super Bank Indonesia Tbk
JK:SUPA
|
$1.68 Billion |
|
Aether Industries Limited
NSE:AETHER
|
$1.68 Billion |
|
Yinbang Clad Material
SHE:300337
|
$1.68 Billion |
|
Okeanis Eco Tankers Corp.
NYSE:ECO
|
$1.68 Billion |
|
Beijer Alma AB (publ)
ST:BEIA-B
|
$1.68 Billion |
|
Stx Engine
KO:077970
|
$1.68 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bird Construction Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 322,494,000 to 430,281,000, a change of 107,787,000 (33.4%).
- Net income of 100,099,000 contributed positively to equity growth.
- Dividend payments of 30,003,000 reduced retained earnings.
- Other comprehensive income decreased equity by 479,001.
- Other factors increased equity by 38,170,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$100.10 Million | +23.26% |
| Dividends Paid | CA$30.00 Million | -6.97% |
| Other Comprehensive Income | CA$-479.00K | -0.11% |
| Other Changes | CA$38.17 Million | +8.87% |
| Total Change | CA$- | 33.42% |
Book Value vs Market Value Analysis
This analysis compares Bird Construction Inc.'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: 6.54x
- 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 17.19x to 6.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | CA$3.00 | CA$51.63 | x |
| 2005-12-31 | CA$2.97 | CA$51.63 | x |
| 2006-12-31 | CA$0.96 | CA$51.63 | x |
| 2007-12-31 | CA$1.29 | CA$51.63 | x |
| 2008-12-31 | CA$2.42 | CA$51.63 | x |
| 2009-12-31 | CA$3.21 | CA$51.63 | x |
| 2010-12-31 | CA$3.73 | CA$51.63 | x |
| 2011-12-31 | CA$3.85 | CA$51.63 | x |
| 2012-12-31 | CA$4.54 | CA$51.63 | x |
| 2013-12-31 | CA$4.17 | CA$51.63 | x |
| 2014-12-31 | CA$4.27 | CA$51.63 | x |
| 2015-12-31 | CA$4.02 | CA$51.63 | x |
| 2016-12-31 | CA$3.85 | CA$51.63 | x |
| 2017-12-31 | CA$3.73 | CA$51.63 | x |
| 2018-12-31 | CA$3.20 | CA$51.63 | x |
| 2019-12-31 | CA$3.00 | CA$51.63 | x |
| 2020-12-31 | CA$4.69 | CA$51.63 | x |
| 2021-12-31 | CA$4.57 | CA$51.63 | x |
| 2022-12-31 | CA$5.08 | CA$51.63 | x |
| 2023-12-31 | CA$6.00 | CA$51.63 | x |
| 2024-12-31 | CA$7.89 | CA$51.63 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bird Construction Inc. 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): 23.26%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.95%
- • Asset Turnover: 1.88x
- • Equity Multiplier: 4.20x
- Recent ROE (23.26%) is below the historical average (26.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 43.21% | 3.29% | 2.60x | 5.05x | CA$11.26 Million |
| 2005 | 45.45% | 3.40% | 2.97x | 4.50x | CA$11.89 Million |
| 2006 | 57.63% | 4.16% | 2.68x | 5.17x | CA$18.33 Million |
| 2007 | 62.72% | 4.41% | 2.22x | 6.41x | CA$28.08 Million |
| 2008 | 59.85% | 5.86% | 1.97x | 5.19x | CA$50.69 Million |
| 2009 | 42.05% | 6.45% | 2.01x | 3.24x | CA$43.38 Million |
| 2010 | 30.07% | 5.59% | 1.75x | 3.07x | CA$31.58 Million |
| 2011 | 18.22% | 3.04% | 1.54x | 3.89x | CA$13.35 Million |
| 2012 | 30.40% | 4.00% | 2.03x | 3.75x | CA$39.09 Million |
| 2013 | 6.82% | 0.91% | 2.05x | 3.66x | CA$-5.64 Million |
| 2014 | 19.96% | 2.66% | 2.14x | 3.51x | CA$18.08 Million |
| 2015 | 12.57% | 1.49% | 1.97x | 4.30x | CA$4.39 Million |
| 2016 | 15.29% | 1.57% | 1.95x | 5.00x | CA$8.65 Million |
| 2017 | 7.32% | 0.82% | 2.01x | 4.46x | CA$-4.24 Million |
| 2018 | -0.74% | -0.07% | 2.12x | 4.79x | CA$-14.64 Million |
| 2019 | 7.43% | 0.69% | 1.61x | 6.71x | CA$-3.29 Million |
| 2020 | 16.98% | 2.40% | 1.41x | 5.02x | CA$14.84 Million |
| 2021 | 17.57% | 1.93% | 1.95x | 4.67x | CA$18.43 Million |
| 2022 | 18.27% | 2.10% | 1.93x | 4.49x | CA$22.56 Million |
| 2023 | 22.18% | 2.56% | 1.96x | 4.42x | CA$39.29 Million |
| 2024 | 23.26% | 2.95% | 1.88x | 4.20x | CA$57.07 Million |
Industry Comparison
This section compares Bird Construction Inc.'s net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $111,785,385
- Average return on equity (ROE) among peers: -34.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bird Construction Inc. (BDT) | CA$457.40 Million | 43.21% | 3.06x | $1.68 Billion |
| Aecon Group Inc. (ARE) | $102.96 Million | -40.43% | 3.42x | $1.96 Billion |
| AtkinsRealis Group Inc (ATRL) | $237.70 Million | 15.57% | 3.15x | $11.31 Billion |
| Badger Infrastructure Solutions Ltd (BDGI) | $69.30 Million | 28.36% | 0.91x | $1.91 Billion |
| DIRTT Environmental Solutions Ltd. (DRT) | $67.77 Million | -79.20% | 1.94x | $111.02 Million |
| Minaean SP Construction Corp (MSP) | $792.49K | -150.68% | 0.81x | $6.16 Million |
| Global Power Solutions Corp. (PWER) | $-464.21K | 0.00% | 0.00x | $5.28 Million |
| Reco International Group Inc (RGI) | $344.66K | -112.19% | 2.00x | $359.06K |
| Stantec Inc (STN) | $26.30 Million | 16.35% | 1.02x | $10.26 Billion |
| WSP Global Inc (WSP) | $501.37 Million | 9.98% | 0.45x | $22.14 Billion |
About Bird Construction Inc.
Bird Construction Inc. provides construction services in Canada. The company primarily focuses on projects in the industrial, building, and infrastructure markets. It constructs large, complex industrial buildings, including manufacturing, processing, distribution, and warehouse facilities; and provides electrical and instrumentation, high voltage testing and commissioning services, as well as po… Read more