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BDN

Bearish signal

Factor checklist — research, not advice

A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.

ACHAT TOTAL: 33900 titres (~100344 USD)

Insiders
SWEENEY GERARD H
Total bought
$100,344

Avg buy (VWAP, 90d window) $2.96 vs last close —

Total sold
—

Avg sell (VWAP, 90d window) —

Last activity
2026-09-14
Last synced
2026-09-17 10:12:13 Synced via automated research pipeline

Sign in to request a sync of this company's price history and timing levels.

Insider holdings as a share of total assets aren't available for this company.

Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.

Recent Form 4

Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.

Date Person Side Shares Price Value Form 4
2026-09-14 SWEENEY GERARD H Buy 33,900 $2.96 $100,344 Form 4

Price (1 year)

Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.

Market snapshot

Signal

Bearish signalScored 2026-09-17

BDN presents a critically weak financial foundation with severe leverage (D/E of 3.25), persistent net losses, and negative free cash flow generation, making it a high insolvency-risk name.

The first sentence of the analysis written for BDN on 2026-09-17 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.

Financial ratios

MetricTrend2025-12-312024-12-312023-12-312022-12-312021-12-31
Gross Profit Margin-11.1%62.9%63.1%61.6%61.3%
Ebit Margin-8.0%-14.9%-18.9%24.9%16.0%
Ebitda Margin28.4%20.4%17.7%60.0%52.6%
Operating Profit Margin16.7%10.9%-4.2%23.7%19.2%
Pretax Profit Margin-36.9%-38.9%-38.3%10.7%2.5%
Continuous Operations Profit Margin-36.9%-38.9%-38.4%10.7%2.5%
Net Profit Margin-37.0%-38.8%-38.2%10.6%2.5%
Bottom Line Profit Margin-37.0%-39.0%-38.3%10.5%2.4%
Current Ratio1.3131.5321.5291.0950.901
Quick Ratio1.3131.5321.5291.0950.901
Solvency Ratio-0.001-0.007-0.0030.1030.089
Cash Ratio0.1790.4710.3350.0920.120
Price To Earnings Ratio-2.835-4.912-4.69619.839193.372
Price To Earnings Growth Ratio0.2945.6490.0100.057-2.013
Forward Price To Earnings Growth Ratio0.2945.6490.0100.057-2.013
Price To Earnings Diluted Ratio-2.835-4.912-4.69619.839194.775
Price To Earnings Diluted Growth Ratio0.2945.6490.0100.057-2.027
Price To Book Ratio0.6390.9300.7050.6491.357
Price To Sales Ratio1.0461.9111.8042.0844.711
Price To Free Cash Flow Ratio153.25818.81044.615-19.63741.131
Price To Operating Cash Flow Ratio4.3405.3345.2385.03912.014
Debt To Assets Ratio0.7200.6400.5790.5360.488
Debt To Equity Ratio3.2552.1531.6411.2771.110
Debt To Capital Ratio0.7650.6830.6210.5610.526
Long Term Debt To Capital Ratio0.7630.6810.6190.5470.520
Financial Leverage Ratio4.5243.3622.8332.3832.275
Working Capital Turnover Ratio6.1175.2139.345-217.95940.803
Operating Cash Flow Ratio0.6470.9461.0181.1000.831
Operating Cash Flow Sales Ratio0.2410.3580.3440.4140.392
Free Cash Flow Operating Cash Flow Ratio0.0280.2840.117-0.2570.292
Debt Service Coverage Ratio0.9830.8490.9141.8952.893
Interest Coverage Ratio0.5770.452-0.2161.6661.425
Short Term Operating Cash Flow Coverage Ratio0.0000.0000.0002.3658.299
Operating Cash Flow Coverage Ratio0.0450.0810.0820.1010.102
Capital Expenditure Coverage Ratio1.0291.3961.1330.7961.413
Dividend Paid And Capex Coverage Ratio0.5650.7730.6320.5320.719
Dividend Payout Ratio-0.518-0.533-0.6312.42910.599
Enterprise Value Multiple22.17730.21633.21810.24716.183

Sparkline shows each ratio oldest → newest (left → right).

How the latest year compares

For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower

MetricCurrentvs 1Y agovs 5Y avg
Gross Profit Margin -11.1% ▼-74.0% ▼-58.6%
Ebit Margin -8.0% ▲6.9% ▼-7.8%
Ebitda Margin 28.4% ▲8.1% ▼-7.4%
Operating Profit Margin 16.7% ▲5.8% ▲3.5%
Pretax Profit Margin -36.9% ▲2.0% ▼-16.7%
Continuous Operations Profit Margin -36.9% ▲1.9% ▼-16.7%
Net Profit Margin -37.0% ▲1.7% ▼-16.9%
Bottom Line Profit Margin -37.0% ▲1.9% ▼-16.8%
Current Ratio 1.313 ▼-0.218 ▲0.039
Quick Ratio 1.313 ▼-0.218 ▲0.039
Solvency Ratio -0.001 ▲0.006 ▼-0.037
Cash Ratio 0.179 ▼-0.293 ▼-0.061
Price To Earnings Ratio -2.835 ▲2.077 ▼-42.989
Price To Earnings Growth Ratio 0.294 ▼-5.355 ▼-0.506
Forward Price To Earnings Growth Ratio 0.294 ▼-5.355 ▼-0.506
Price To Earnings Diluted Ratio -2.835 ▲2.077 ▼-43.269
Price To Earnings Diluted Growth Ratio 0.294 ▼-5.355 ▼-0.503
Price To Book Ratio 0.639 ▼-0.291 ▼-0.217
Price To Sales Ratio 1.046 ▼-0.866 ▼-1.266
Price To Free Cash Flow Ratio 153.257 ▲134.448 ▲105.622
Price To Operating Cash Flow Ratio 4.340 ▼-0.994 ▼-2.053
Debt To Assets Ratio 0.720 ▲0.079 ▲0.127
Debt To Equity Ratio 3.255 ▲1.102 ▲1.368
Debt To Capital Ratio 0.765 ▲0.082 ▲0.134
Long Term Debt To Capital Ratio 0.763 ▲0.083 ▲0.137
Financial Leverage Ratio 4.524 ▲1.162 ▲1.448
Working Capital Turnover Ratio 6.117 ▲0.904 ▲37.413
Operating Cash Flow Ratio 0.646 ▼-0.300 ▼-0.262
Operating Cash Flow Sales Ratio 0.241 ▼-0.117 ▼-0.109
Free Cash Flow Operating Cash Flow Ratio 0.028 ▼-0.255 ▼-0.065
Debt Service Coverage Ratio 0.983 ▲0.134 ▼-0.524
Interest Coverage Ratio 0.577 ▲0.124 ▼-0.204
Short Term Operating Cash Flow Coverage Ratio 0.000 0.000 ▼-2.133
Operating Cash Flow Coverage Ratio 0.045 ▼-0.036 ▼-0.037
Capital Expenditure Coverage Ratio 1.029 ▼-0.367 ▼-0.124
Dividend Paid And Capex Coverage Ratio 0.565 ▼-0.208 ▼-0.079
Dividend Payout Ratio -0.518 ▲0.015 ▼-2.787
Enterprise Value Multiple 22.177 ▼-8.039 ▼-0.231

Key metrics

MetricTrend20252024202320222021
Market cap$506.5M$966.2M$928.6M$1.05B$2.29B
Enterprise value$3.05B$3.11B$3.03B$3.11B$4.14B
EV / Sales6.31x6.16x5.89x6.15x8.51x
EV / Op. cash flow26.18x17.18x17.11x14.88x21.70x
EV / Free cash flow924.30x60.59x145.70x-57.98x74.30x
EV / EBITDA22.18x30.22x33.22x10.25x16.18x
Net debt / EBITDA18.50x20.84x23.05x6.78x7.22x
Current ratio1.31x1.53x1.53x1.09x0.90x
Income quality0.44x-0.92x-0.90x3.88x15.44x
Graham number———$8$4
Graham net-net-$15-$13-$13-$12-$12
Tax burden100.4%99.7%99.7%99.6%99.0%
Interest burden462.1%261.4%202.4%42.9%15.9%
Working capital$56.6M$101.8M$92.1M$18.0M-$22.7M
Invested capital$79.0M$2.42B$2.66B$72.0M$33.7M
Return on assets-5.0%-5.6%-5.3%1.4%0.3%
Operating ROA2.3%1.5%-0.6%3.1%2.4%
Return on tangible assets-5.0%-5.6%-5.3%1.4%0.3%
Return on equity-22.6%-18.9%-14.9%3.3%0.7%
Return on invested capital83.5%1.7%-0.6%3.2%2.6%
Return on capital employed2.4%1.7%-0.6%3.2%2.6%
Earnings yield-35.4%-20.3%-21.2%5.1%0.5%
Free cash flow yield0.7%5.3%2.2%-5.1%2.4%
Capex / Op. cash flow97.2%71.6%88.3%125.7%70.8%
Capex / Depreciation-17418.7%72.8%82.9%147.8%75.9%
Capex / Sales23.4%25.7%30.4%52.0%27.8%
SG&A / Sales8.7%8.5%6.8%6.9%6.2%
R&D / Sales0.0%0.0%0.0%0.0%0.0%
Stock comp / Sales0.0%3.3%1.9%1.8%1.5%
Intangibles / Total assets0.6%0.2%0.2%1.4%1.5%
Days sales outstanding154d142d141d138d134d
Days payables outstanding98d253d238d249d291d
Operating cycle154d142d141d138d134d
Cash conversion cycle57d-110d-97d-111d-157d

Change by theme

Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.

Change over 1 year

Valuation
Market cap ▼-47.6%EV / Sales ▲+2.4%EV / EBITDA ▼-26.6%EV / Op. cash flow ▲+8.993Earnings yield ▼-0.152
Profitability
Return on equity ▼-0.038Return on assets ▲+0.006Return on invested capital ▲+0.818Return on capital employed ▲+0.007Operating ROA ▲+0.008Income quality ▲+1.361Tax burden ▲+0.007
Efficiency
Days sales outstanding ▲+12.054Days payables outstanding ▼-155.177Operating cycle ▲+12.054Cash conversion cycle ▲+167.231Capex / Sales ▼-0.023R&D / Sales n/a
Balance-sheet strength
Current ratio ▼-0.218Net debt / EBITDA ▼-2.336Working capital ▼-45219000.000Invested capital ▼-2344315000.000Intangibles / Total assets ▲+0.005

Change over 5 years

Valuation
Market cap ▼-77.9%EV / Sales ▼-25.9%EV / EBITDA ▲+37.0%EV / Op. cash flow ▲+4.475Earnings yield ▼-0.360
Profitability
Return on equity ▼-0.234Return on assets ▼-0.053Return on invested capital ▲+0.809Return on capital employed ▼-0.002Operating ROA ▼-0.001Income quality ▼-14.996Tax burden ▲+0.014
Efficiency
Days sales outstanding ▲+20.034Days payables outstanding ▼-193.467Operating cycle ▲+20.034Cash conversion cycle ▲+213.501Capex / Sales ▼-0.043R&D / Sales n/a
Balance-sheet strength
Current ratio ▲+0.412Net debt / EBITDA ▲+11.276Working capital ▲+79241000.000Invested capital ▲+45349000.000Intangibles / Total assets ▼-0.008

Employee count

Peer market caps

Congressional trades

STOCK Act disclosures (90-day window)

Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.

No STOCK Act disclosures for this company in this window.

Recent trades

DateRepresentativeTypeAmount
2020-06-03Peter WelchSale (Full)$1,001 - $15,000
2019-06-24Donna ShalalaSale (Full)$1,001 - $15,000
2019-06-04Donna ShalalaPurchase$1,001 - $15,000

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