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Burnham Holdings Inc (BURCA) Fair Value & Analysis

Industrials · US · Market cap $117M · ISIN US1222951089

What is Burnham Holdings Inc really worth?

BH Burnham Holdings Inc logo Burnham Holdings Inc BURCA · US
Price$23.10
Fair Value$17.28
Upside−25.2%
Quality48/100

Below-average quality, and trading another 34% above our fair value of $17.28.

As of Aug 29, 2026, the fair value of Burnham Holdings Inc is $17.28 per share against a price of $23.10, so the fair value sits 25% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Expensive Growth (revenue 5y +6.6 %/yr)
!Loss-making · -8.0% net margin
!Low debt · negative free cash flow
!Mixed vs. peers (5/11)
!Narrow moat 18/100
!Evidence only low, so the estimate is less certain
!Weak on future: 11 out of 100

For context

·3.98% dividend yield
Evidence: Low Range $15.15 – $19.05

Fair value as of: Aug 29, 2026

From 8 valuation models · updated 8 days ago

Share price −3.3% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case ($19.05). The favourable scenario is already priced in.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

$26.95 $6.29 Fair Value $17.28 Aug 2019 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.

How to read this chart

60‑month range $6.29 – $26.95 · fair‑value band $15.15 – $19.05 · the $23.10 price screens above the $17.28 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 29, 2026.

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Analysis

Burnham Holdings Inc (BURCA) currently trades at $23.10, while our model-based Fair Value estimate is $17.28, implying the stock looks roughly 33.7% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Industrials sector. Bull case: the Multiples group reads highest at a median of $37.55 per share, and 3 of the 8 models we run sit above the $23.10 price. Bear case: the Dividend Discount group reads lowest at $8.15, and 5 of the 8 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Burnham Holdings Inc generated revenue of $269M at a net margin of −8.0%. Revenue grew 2.1% year over year. It earns a return on equity of −25.7%. Net debt stands at $9.9M. Fundamentals as of Aug 29, 2026

Our scenario range runs from $15.15 (bear case) to $19.05 (bull case); at $23.10, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 17% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −29% fair-value upside, at −25%, BURCA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
EPV $13.70 $15.44 $16.86 72
ROIC Compounder $13.70 $15.44 $16.86 71
Gordon GGM $6.54 $8.15 $9.56 67
All 8 models by family
Earnings-Based
EPV $13.70 $15.44 $16.86 72
Dividend Discount
Gordon GGM $6.54 $8.15 $9.56 67
DDM Multi-Stage $6.54 $8.28 $9.98 65
Multiples
EV/EBIT $27.96 $37.55 $47.13 65
EV/EBITDA $32.28 $43.31 $54.33 66
EV/Revenue $19.73 $28.52 $37.32 52
Asset-Based
NCAV (Graham) $11.06 $14.82 $22.12 52
Economic Profit
ROIC Compounder $13.70 $15.44 $16.86 71

Widest divergence: Multiples ($37.55) versus Dividend Discount ($8.15). Highest evidence: EPV (72).

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Key figures & financial health

P/S ratio 0.44 TTM
EPS (TTM) $−6.29
Dividend yield 4.0%
Net margin −11.0% FY2025
Return on equity −25.7% TTM
Return on assets (EBIT) 5.7% avg 5y
More key figures
Profitability
Operating margin 6.9% TTM
Growth
Revenue (TTM) $269M TTM
Revenue growth (YoY) +2.1% 3y avg +2.4%
Balance sheet & cash flow
Free cash flow −$7.9M FY2025
Net debt $9.9M FY2025

Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 47 · Market factors (momentum, volatility) 44

Profitability 32
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 27
Distance to the 52-week high (market factor)
Net Issuance 79
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Burnham Holdings, Inc. engages in the design, manufacture, and sale of boilers and related heating, ventilation, and air conditioning products and accessories for residential, commercial, and industrial applications in the United States, Canada, and Mexico.

Full company description

Burnham Holdings, Inc. engages in the design, manufacture, and sale of boilers and related heating, ventilation, and air conditioning products and accessories for residential, commercial, and industrial applications in the United States, Canada, and Mexico. It offers interior comfort solutions for homes and small buildings; full-service commercial industrial installation and service contracting company specializing in boiler, heat recovery and chilled water systems; and vertical integration. The company sells its residential products through wholesale distributors to builders, heating contractors, fuel dealers, and utilities for resale to end-use customers; and commercial products through independent sales representatives, directly to contractors, or end users. Burnham Holdings, Inc. was incorporated in 2003 and is headquartered in Lancaster, Pennsylvania.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Burnham Holdings Inc reported revenue of $258M in FY2025 versus $219M in FY2021, a compound +4.3%/yr. Reported net income was −$28.4M in FY2025.

Growth Quality 21/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$258M
Latest YoY
−4.5%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.4%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.6%
Avg. revenue growth/yr (26Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+0.7%
EBIT margin (trend) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
4.3% (2020) → 4.1% (2025)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +4.3%/yr
FY21 $219M
FY22 $241M
FY23 $253M
FY24 $270M
FY25 $258M
Net income
FY21 $1.0M
FY22 $5.1M
FY23 $9.4M
FY24 $12.0M
FY25 −$28.4M
Character of growth · EPS growth decomposed (2014-2025) +4.8 % p.a.
Revenue per share +3.6 %

of which total revenue +4.0 % · buybacks/dilution −0.3 %

EBIT margin +0.4 %
Tax rate +1.4 %
Residual (interest, one-offs) −0.7 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

BURCA screens 34% overvalued. Compare with Trane Technologies plc →

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Cite: Fair Value Calculator (2026). "Burnham Holdings Inc Fair Value". https://www.fairvalue-calculator.com/stock/BURCA

Peer Group

Building Products & Equipment · 242 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 48 · Below median
Fair Value upside −25% · Below median
Return on assets −2% · Bottom 25%
Net margin (TTM) −8% · Bottom 25%
Operating margin (TTM) 7% · Above median
Revenue growth 2% · Below median
Dividend yield (TTM) 4.0% · Above median
Debt / equity 0.11× · Lower than median

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/B 1.13× · Cheaper than median
P/S (TTM) 0.44× · Cheaper than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 2
FUTURE11 · sector 11
PAST0 · sector 25
HEALTH95 · sector 95
DIVIDEND80 · sector 41

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $454.31 $208.50 −54%
Johnson Controls International plc JCI $142.23 $44.75 −69%
Carrier Global Corporation CARR $57.25 $16.85 −71%
Compagnie de Saint-Gobain S.A SGO €81.20 €97.97 +21%
Geberit AG GEBN CHF 577.80 CHF 307.66 −47%
Lennox International Inc LII $377.25 $363.09 −4%
Kingspan Group KRX €87.30 €66.79 −23%
Masco Corporation MAS $74.64 $53.22 −29%
Carlisle Companies Incorporated CSL $356.53 $340.70 −4%
BELIMO Holding BEAN CHF 878.50 CHF 227.18 −74%

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Frequently asked questions

Is Burnham Holdings Inc (BURCA) overvalued or undervalued?
As of Aug 29, 2026, our model estimates a fair value of $17.28 versus a price of $23.10, about −25% upside (overvalued).
What is the fair value of BURCA?
Our model-based fair value for Burnham Holdings Inc is $17.28 (as of Aug 29, 2026), built from audited fundamentals. The current price: $23.10.
What is the quality score of BURCA?
Burnham Holdings Inc has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Burnham Holdings Inc (BURCA)?
Our model-based price target is the fair value of $17.28 (as of Aug 29, 2026) from 8 valuation models. Cautious scenario $15.15, optimistic scenario $19.05. It is a calculation from audited fundamentals, not an analyst target.
What is the Burnham Holdings Inc stock forecast for 2026?
Our models put fair value at $17.28, about −25% upside versus a price of $23.10 (overvalued). Cautious scenario $15.15, optimistic scenario $19.05. The calculation is refreshed regularly with new filings.
What is the revenue of Burnham Holdings Inc (BURCA)?
Burnham Holdings Inc reported trailing-twelve-month revenue of about $269M (latest available figure, as of Aug 29, 2026).
What is the net profit margin of BURCA?
The net profit margin of Burnham Holdings Inc is about −8.0%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Burnham Holdings Inc pay a dividend?
Burnham Holdings Inc currently shows a dividend yield of about 3.98% relative to its recent price (as of Aug 29, 2026).
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