Added to YB: 2026-04-27
Pitch date: 2026-04-23
BDCTF [bearish]
BuildDirect.com Technologies Inc.
+0.57%
current return
Author Info
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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 123.4M
Pitch Price
CAD 3.52
Price Target
0.53 (-85%)
Dividend
N/A
EV/EBITDA
54.52
P/E
-48.83
EV/Sales
2.08
Sector
Specialty Retail
Category
value
We initiate a SELL on BuildDirect.com Technologies Inc. with a C$0.53 target, as fundamentals fail to justify its premium multiple, implying significant downside.
BDCTF (short): Overvalued at 43.7x EV/EBITDA vs peers at 12-17x. Organic rev -7.8% ex-acquisition, 8 straight qtrs op losses, weak CFO $2.4M vs EBITDA. Net debt/EBITDA 4.63x. Q4 rev -3.3% YoY, Q1 2026 guided soft on macro/tariffs. Greyne acq at 0.075x rev signals margin pressure. PT C$0.53 (84% downside) on 0.5x rev + 8x EBITDA blend.
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