IBI Group

IBG-T

TSE:IBG

5.50
0.00 (0.00%)
IBI Group Inc. is a Canadian-based international professional services company consulting in the fields of architecture, engineering, planning, landscape architecture, transportation, and technology.
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Analysis and Opinions about IBG-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
July 15, 2019
This stock can respond well to small improvements. This has turnaround potential. The low multiple can expand and earnings can grow. Long-term, it's a play on urbanization. They can build subway stations, and then land contracts to build condos and malls which always spring up around stations. (Analysts’ price target is $7.25)
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IBI Group (IBG-T)
July 15, 2019
This stock can respond well to small improvements. This has turnaround potential. The low multiple can expand and earnings can grow. Long-term, it's a play on urbanization. They can build subway stations, and then land contracts to build condos and malls which always spring up around stations. (Analysts’ price target is $7.25)
WATCH
WATCH
May 7, 2019
He's always liked this business as it has transformed over the years: architecture-engineering firm. They've struggled with debt over the years after acquisitions, but are now pivoting to be more tech-focused in smart cities (watering, metering). It's a slow-grower, though. If they execute well, they will have a higher-margin business. It trades at 6x earnings vs. peers at 10-11x, so it's very undervalued. He wants to see a few good quarters before buying. It's still in a steep downtrend, though they gave good guidance for 2019. The next few years should be okay if they keep paying down their debt.
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IBI Group (IBG-T)
May 7, 2019
He's always liked this business as it has transformed over the years: architecture-engineering firm. They've struggled with debt over the years after acquisitions, but are now pivoting to be more tech-focused in smart cities (watering, metering). It's a slow-grower, though. If they execute well, they will have a higher-margin business. It trades at 6x earnings vs. peers at 10-11x, so it's very undervalued. He wants to see a few good quarters before buying. It's still in a steep downtrend, though they gave good guidance for 2019. The next few years should be okay if they keep paying down their debt.
DON'T BUY
DON'T BUY
February 27, 2019
A past top pick. They were doing well in Canada, but not the U.S. They changed their management team, which meant a few quarters of weak US growth, so he sold at a loss. Now, it looks a little interesting as the stock gets closer to being fully valued. He hasn't followed it recently.
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IBI Group (IBG-T)
February 27, 2019
A past top pick. They were doing well in Canada, but not the U.S. They changed their management team, which meant a few quarters of weak US growth, so he sold at a loss. Now, it looks a little interesting as the stock gets closer to being fully valued. He hasn't followed it recently.
PAST TOP PICK
PAST TOP PICK
November 19, 2018
(A Top Pick Jan 23/18, Down 51%) They had missteps with their US division with restructuring that lost money instead of making it. They got killed when they reported a bad quarter. He took his losses and sold.
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IBI Group (IBG-T)
November 19, 2018
(A Top Pick Jan 23/18, Down 51%) They had missteps with their US division with restructuring that lost money instead of making it. They got killed when they reported a bad quarter. He took his losses and sold.
PAST TOP PICK
PAST TOP PICK
October 9, 2018

(A Top Pick January 8/18 - Down 50%) They met with the management team and felt not so good for their US business. Trading now at level that it is very attractive. A lot of value in the business.

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IBI Group (IBG-T)
October 9, 2018

(A Top Pick January 8/18 - Down 50%) They met with the management team and felt not so good for their US business. Trading now at level that it is very attractive. A lot of value in the business.

TOP PICK
TOP PICK
January 23, 2018

Construction specialists, more on the architectural/engineering side. They are going to benefit from much more infrastructure spending in Canada. They also benefit from the urbanization trend, as a lot of the work they do is architectural work for condo development, transit systems for cities on a global basis. Trades at a bit of a discount to some of its peers. 15% of revenue is really in the technology business, basically software that they use to help to power and organize manage transit systems, or the HVAC system for a condominium or office building. There is a lot of data in this, and if they were to spin that out, it should garner a much higher multiple than their traditional architectural/engineering business. Insiders own about 30%. (Analysts' price target is $9.50.)

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IBI Group (IBG-T)
January 23, 2018

Construction specialists, more on the architectural/engineering side. They are going to benefit from much more infrastructure spending in Canada. They also benefit from the urbanization trend, as a lot of the work they do is architectural work for condo development, transit systems for cities on a global basis. Trades at a bit of a discount to some of its peers. 15% of revenue is really in the technology business, basically software that they use to help to power and organize manage transit systems, or the HVAC system for a condominium or office building. There is a lot of data in this, and if they were to spin that out, it should garner a much higher multiple than their traditional architectural/engineering business. Insiders own about 30%. (Analysts' price target is $9.50.)

TOP PICK
TOP PICK
January 8, 2018

They went through tremendous changes over the last couple of years. It is getting bigger. There is a bit infrastructure theme, as well as the Smarty City business. When they eventually build it out, it will be extremely valuable. He would not be surprised to see a dividend in the next year. (Analysts’ target: $9.50).

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IBI Group (IBG-T)
January 8, 2018

They went through tremendous changes over the last couple of years. It is getting bigger. There is a bit infrastructure theme, as well as the Smarty City business. When they eventually build it out, it will be extremely valuable. He would not be surprised to see a dividend in the next year. (Analysts’ target: $9.50).

PAST TOP PICK
PAST TOP PICK
November 13, 2017

(A Past Top Pick Jul 14/16, Up 51%) A much improved balance sheet and management is really executing on their balance sheet.

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IBI Group (IBG-T)
November 13, 2017

(A Past Top Pick Jul 14/16, Up 51%) A much improved balance sheet and management is really executing on their balance sheet.

PAST TOP PICK
PAST TOP PICK
October 26, 2017

(A Past Top Pick Oct 25/16, Up 11.45%) He still really likes it. They have a technology software business that is 16% of revenue. They monitor transit systems and a number of other software applications. If they ever spun that off they would get a high price for it. Management owns a lot of stock themselves.

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IBI Group (IBG-T)
October 26, 2017

(A Past Top Pick Oct 25/16, Up 11.45%) He still really likes it. They have a technology software business that is 16% of revenue. They monitor transit systems and a number of other software applications. If they ever spun that off they would get a high price for it. Management owns a lot of stock themselves.

PAST TOP PICK
PAST TOP PICK
February 16, 2017

(Top Pick Mar 9/16, Up 68%) The stock got crushed and then they did a nice recapitalization. Then their margins started to get better. He was looking for confidence in management and found it with this one. He only owns the convertible debenture now. They should benefit from infrastructure spending.

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IBI Group (IBG-T)
February 16, 2017

(Top Pick Mar 9/16, Up 68%) The stock got crushed and then they did a nice recapitalization. Then their margins started to get better. He was looking for confidence in management and found it with this one. He only owns the convertible debenture now. They should benefit from infrastructure spending.

BUY
BUY
February 15, 2017

A little different from some of the other engineering/construction companies that would benefit from infrastructure, because their business is based more on architectural work as opposed to systems design. Good management.

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IBI Group (IBG-T)
February 15, 2017

A little different from some of the other engineering/construction companies that would benefit from infrastructure, because their business is based more on architectural work as opposed to systems design. Good management.

HOLD
HOLD
December 2, 2016

Sold his stock, but has a convertible bond. Feels it still has legs as there is a lot of infrastructure spending in the world. They specialize in urban infrastructure such as tram systems, which is a growth industry for decades. Easy money has been made, but you could still grind out some gains and he is happy to hold it.

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IBI Group (IBG-T)
December 2, 2016

Sold his stock, but has a convertible bond. Feels it still has legs as there is a lot of infrastructure spending in the world. They specialize in urban infrastructure such as tram systems, which is a growth industry for decades. Easy money has been made, but you could still grind out some gains and he is happy to hold it.

BUY
BUY
December 1, 2016

An engineering construction company, focused more on the architectural side. Poised to benefit from the infrastructure spending. They are also benefiting from the condominium boom where they are doing a lot of development and architectural work in Canada and the US. It had always been a good steady business, but they had too much leverage, and have been working hard to reduce that. As they reduce the debt, value will transfer from debt holders to the equity holders, and the share price will gradually increase over time.

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IBI Group (IBG-T)
December 1, 2016

An engineering construction company, focused more on the architectural side. Poised to benefit from the infrastructure spending. They are also benefiting from the condominium boom where they are doing a lot of development and architectural work in Canada and the US. It had always been a good steady business, but they had too much leverage, and have been working hard to reduce that. As they reduce the debt, value will transfer from debt holders to the equity holders, and the share price will gradually increase over time.

TOP PICK
TOP PICK
October 25, 2016

One of the top architecture global players. They do everything, design systems implementation, project management for construction of office buildings, designing condos, designing transit systems. Very well diversified business. Management and insiders own a very significant amount of stock of about 35%-40%.

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IBI Group (IBG-T)
October 25, 2016

One of the top architecture global players. They do everything, design systems implementation, project management for construction of office buildings, designing condos, designing transit systems. Very well diversified business. Management and insiders own a very significant amount of stock of about 35%-40%.

HOLD
HOLD
October 24, 2016

It is an infrastructure spending play. If you took a profit at this juncture you may be a bit early. The planning phase takes years for one of these projects. Infrastructure spending comes from fiscal stimulus. There is going to be more infrastructure spending and more projects. There will be a longer term need for these companies. This stock has troughed out, but you could make more in the future.

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IBI Group (IBG-T)
October 24, 2016

It is an infrastructure spending play. If you took a profit at this juncture you may be a bit early. The planning phase takes years for one of these projects. Infrastructure spending comes from fiscal stimulus. There is going to be more infrastructure spending and more projects. There will be a longer term need for these companies. This stock has troughed out, but you could make more in the future.

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