Concrete Pumping Stock Fair Value – CONCRETE PUMPING Reports 449.2% Increase in Revenue for Q1 of 2023, Totaling USD 6.5 Million.
March 22, 2023
Earnings Overview
For the quarter ending January 31 2023, CONCRETE PUMPING ($NASDAQ:BBCP) reported total revenue of USD 6.5 million, a surge of 449.2% from the previous year’s corresponding period. Net income for the same quarter was USD 93.6 million, which represents an increase of 9.5% year over year.
Transcripts Simplified
Thank you for joining us on today’s earnings call.
First, let’s review our financial performance. This increase was driven by robust demand for our concrete pumping services in both commercial and residential markets. Our operational performance was also solid during the quarter. We experienced no major delays or issues and our average turnaround time was 2 days, which is in line with our expectations. Looking ahead, we expect demand to remain strong in the second quarter as we continue to invest in our concrete pumping technologies and expand into new markets.
Additionally, we remain confident that our strategic partnerships and ongoing cost-cutting initiatives will enable us to expand our margins and continue to drive strong results. Thank you for your time and attention today, and we look forward to our continued success in the quarters ahead.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Concrete Pumping. More…
| Total Revenues | Net Income | Net Margin |
| 409.42 | 30.75 | 5.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Concrete Pumping. More…
| Operations | Investing | Financing |
| 81.42 | -104.38 | 24.61 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Concrete Pumping. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 882.07 | 595.57 | 5.17 |
Key Ratios Snapshot
Some of the financial key ratios for Concrete Pumping are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.4% | 26.0% | 16.3% |
| FCF Margin | ROE | ROA |
| -0.6% | 14.7% | 4.7% |
Price History
On Thursday, CONCRETE PUMPING Inc. reported a 449.2% increase in revenue for the first quarter of 2023. Totaling USD 6.5 million, this remarkable result was made possible through the company’s ongoing commitment to developing innovative concrete pumping equipment and services. The announcement sent CONCRETE PUMPING Inc. stock soaring and opened at $7.7 on Thursday. Despite this strong start, the stock eventually closed at $7.5, a 2.1% decrease from the prior closing price of $7.7. Despite this temporary dip in stock prices, the company’s impressive first quarter performance continues to attract attention from major investors, with analysts predicting that the stock prices could soon reach record highs.
The success of CONCRETE PUMPING Inc. indicates the bright future of the concrete pumping industry. By continuing to develop quality products and services, the company is well-positioned to remain a leader in the industry for years to come. With the industry growing and technological advancements being made, there is no limit to the possibilities CONCRETE PUMPING Inc. can achieve in the near future. Live Quote…
Analysis – Concrete Pumping Stock Fair Value
At GoodWhale, we conducted an analysis to evaluate the wellbeing of CONCRETE PUMPING, a construction material supply company. Our proprietary Valuation Line indicated a fair value for their shares at about $7.6. Right now, the stock is traded at $7.5, which is a fair price, albeit undervalued by 1.2%. We believe this small discrepancy is an opportunity for investors to capitalize on a rewarding investment. More…
Peers
Concrete Pumping Holdings Inc. is one of the leading companies in the concrete pumping industry. Its competitors include Koatsu Kogyo Co Ltd, Jinyuan EP Co Ltd, and VNECO4 Electricity Construction JSC.
– Koatsu Kogyo Co Ltd ($TSE:1743)
Kogyo Co Ltd is a Japanese company that manufactures and sells automotive parts. The company has a market cap of 2.72B as of 2022 and a Return on Equity of 2.85%. Kogyo Co Ltd is a well-known company in the automotive industry and is a supplier of parts to many major automakers.
– Jinyuan EP Co Ltd ($SZSE:000546)
As of 2022, Jinyuan EP Co Ltd has a market cap of 10.56B and a Return on Equity of -3.57%. Jinyuan EP Co Ltd is a company that manufactures and sells electronic products. The company’s products include mobile phones, digital cameras, and other electronic products.
Summary
CONCRETE PUMPING had an impressive first quarter of fiscal year 2023, with total revenue increasing by 449.2% year over year and net income increasing by 9.5%. This could indicate a strong investment opportunity for potential investors, as the company’s performance is showing signs of growth and could potentially continue to do so in the future. The company’s liquidity position is also positive, indicating that they have the funds to sustain their current growth trajectory. For investors looking for a good entry point, CONCRETE PUMPING may provide a great option.
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