Professional
Added to YB: 2026-03-03
Pitch date: 2026-02-27
BILD.V [neutral]
BuildDirect.com Technologies Inc.
-1.85%
current return
Author Info
River Oaks Capital is an investment fund that invests in a concentrated number of small, underfollowed micro cap & small cap public companies. Sign up for the newsletter.
Company Info
BuildDirect.com Technologies Inc. operates a marketplace for purchasing and selling building materials online in the United States, Canada, and internationally.
Market Cap
CAD 97.0M
Pitch Price
CAD 2.70
Price Target
N/A
Dividend
N/A
EV/EBITDA
69.48
P/E
-59.66
EV/Sales
1.61
Sector
Specialty Retail
Category
growth
River Oaks Capital New Position: BuildDirect.com Technologies Inc.
BILD.V (holding update): Pro flooring roll-up, 3rd largest position at $90M mkt cap. Acquired Greyne for $450k (~1.25x EBITDA on $6M rev, $320k EBITDA); adds big-box retailer access + $3M+ incremental rev + $400k cost savings = $800k-$1M FCF/yr. Prefers M&A over greenfield: Orlando (bought $600k) hit $5-6M rev vs LA (built $500k) needs 5yrs to reach same. Pipeline: 15k independent centers, adding 7-10/yr at <2-3x EBITDA. Post-Greyne: $80M rev, $7-8M EBITDA, $4-5M+ FCF. 2-3yr target: $165M rev, $17-20M EBITDA, $12-14M FCF (13-15% FCF yield, 6-8x P/E). $8M cash + RBC facility enables 15 more acquisitions w/o equity dilution. E-comm profitable again under Jay Allen, targeting $25-35M rev at 15-20% margin. CEO Shawn Wilson disciplined allocator, Orlando/Greyne = 100% 1yr ROIC. Margin of safety lower at $90M vs $35M entry, but long-term upside strengthened.
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