Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
Boom Logistics Limited (BOL.AX) delivers specialized lifting and labor support across diverse Australian industries, including mining and resources, infrastructure and construction, renewable energy, utilities, industrial maintenance, and telecommunications. The company's operations are divided into two primary divisions: Lifting Solutions and Labour Hire. Under Lifting Solutions, they provide a comprehensive range of heavy machinery, such as mobile and crawler cranes available for both short-term and long-term leases, in either wet or dry hire arrangements. Their inventory further includes specialized hydraulic mobile cranes, compact prime movers, and a diverse selection of access equipment like boom lifts, knuckle booms, elevated work platforms, and travel towers, along with associated support services. For the transportation of oversized and heavy equipment, they offer low loaders, complemented by engineering and project management expertise. Through its Labour Hire segment, Boom Logistics supplies skilled professionals across numerous trades. This includes electricians, boiler makers, mechanics, seasoned crane and travel tower operators, riggers, and truck drivers. The company boasts a substantial fleet, comprising approximately 260 cranes and 120 travel towers. Founded in 2000 as The Australian Crane Company, the business rebranded to Boom Logistics Limited in October 2003. Its headquarters are located in Southbank, Australia.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. In particular, the stock is underpriced on P/E, 'cheap' on EV/EBIT