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Bridger Aerospace Group (BAER) Fair Value & Analysis

Industrials · US · Market cap $111M

BA Bridger Aerospace Group logo Bridger Aerospace Group BAER · US
Price$1.25
Fair Value$2.01
Upside+60.8%
Quality33/100
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Expensive Growth
Loss-making · -10.1% net margin
High debt · negative free cash flow
Trails peers (2/10)
Narrow moat 14/100
Evidence: Medium Range $1.11 – $2.51 Share as image

Fair value as of: Aug 13, 2026

From 12 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from $1.22 to $2.01 (+64.8%) since Jul 14, 2026. Share price −34.6% over the past month.

Below-average quality, screening 61% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (33/100). That raises the risk this is a value trap rather than a bargain.
  • A fairly wide model range ($1.11 to $2.51) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$22.08 $1.07 Fair Value $2.01 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range $1.07 – $22.08 · fair‑value band $1.11 – $2.51 · the $1.25 price screens below the $2.01 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Bridger Aerospace Group (BAER) currently trades at $1.25, while our model-based Fair Value estimate is $2.01, implying the stock looks roughly 60.8% undervalued today. The Quality Score stands at 33/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Bridger Aerospace Group generated revenue of $116M at a net margin of -10.1%. Revenue declined 45.6% year over year. It earns a return on equity of -31.6%. Net debt stands at $213M. Fundamentals as of Aug 13, 2026

Our scenario range runs from $1.11 (bear case) to $2.51 (bull case); at $1.25, the current price sits within 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 64% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at 6% fair-value upside, at 61%, BAER screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

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
Growth-Adj P/E $2.54 $3.63 $4.72 68
P/E Multiple $1.51 $2.01 $2.51 63
Residual Income $0.8000 $0.8000 $0.7300 61
All 12 models by family
Earnings-Based
Graham-Dodd $0.4900 $3.41 $4.78 54
Lynch FV $1.76 $2.51 $3.27 50
PEG = 1.0 $1.76 $2.51 $3.27 46
Multiples
P/E Multiple $1.51 $2.01 $2.51 63
P/S Multiple $0.9200 $1.22 $1.53 58
P/B Multiple $0.9200 $1.22 $1.53 55
EV/EBIT $1.67 $3.27 $4.88 53
EV/EBITDA $4.09 $6.50 $8.91 54
EV/Revenue $0.3300 $1.38 43
Asset-Based
NCAV (Graham) $0.5600 $0.7500 $1.12 50
Economic Profit
Residual Income $0.8000 $0.8000 $0.7300 61
Growth Earnings
Growth-Adj P/E $2.54 $3.63 $4.72 68

Widest divergence: Growth Earnings ($3.63) versus Asset-Based ($0.7500). Highest evidence: Growth-Adj P/E (68).

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Key figures & financial health

Revenue (TTM) $116M
Revenue growth (YoY) -45.6%
Net margin -10.1%
Return on equity -31.6%
Free cash flow −$64.2M FY2025
Operating margin -296%
More key figures
EPS (TTM) $-0.7000
EPS growth (YoY) +20.5%
Net debt $213M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 33/100

Of which business quality 34 · Market factors (momentum, volatility) 22

Profitability 26
Margins and returns on capital today
Quality Growth 84
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 11
Balance sheet, leverage, solvency risk
Investment 62
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 5
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.

About the company

Bridger Aerospace Group Holdings, Inc. provides aerial wildfire surveillance, relief and suppression, and aerial firefighting services in the United States.

Full company description

Bridger Aerospace Group Holdings, Inc. provides aerial wildfire surveillance, relief and suppression, and aerial firefighting services in the United States. The company offers fire suppression services, such as aerial firefighting support for ground crews by operating the Viking CL-415EAF (Super Scooper) aircraft to drop water as part of the initial and direct attack to slow, contain, and extinguish wildfires. It also provides aerial surveillance services via manned (Air Attack) aircraft for fire suppression over an incident and providing tactical coordination with the incident commander, and decision-makers rapid, current intelligence from useful aerial vantage points, giving access to information to support ground firefighters and safety for the public. In addition, the company offers maintenance, repair, and overhaul (MRO) that provides maintenance and repair services for return-to-service upgrades of the Spanish scoopers, as well as airframe modification and integration solutions for governmental and commercial customers. Further, it operates an aircraft fleet of nineteen planes. The company was founded in 2014 and is headquartered in Belgrade, Montana.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bridger Aerospace Group reported revenue of $123M in FY2025 versus $39.4M in FY2021, a compound +32.9%/yr. Reported net income was $4.1M in FY2025.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$123M
Latest YoY
+24.6%
Avg. 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.
+38.3%
Avg. 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.
+55.7%
Revenue +32.9%/yr
FY21 $39.4M
FY22 $46.4M
FY23 $66.7M
FY24 $98.6M
FY25 $123M
Net income
FY21 −$6.5M
FY22 −$42.1M
FY23 −$77.4M
FY24 −$15.6M
FY25 $4.1M

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Cite: Fair Value Calculator (2026). "Bridger Aerospace Group Fair Value". https://www.fairvalue-calculator.com/stock/BAER

Peer Group

Security & Protection Services · 113 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 33 · Bottom 25%
Fair Value upside +61% · Top 25%
Return on assets 0% · Below median
Net margin (TTM) -10% · Bottom 25%
Revenue growth -46% · Bottom 25%
Debt / equity 3.28× · Higher than 75% of peers

Valuation Multiples vs Security & Protection Services median · lower = cheaper

P/B 1.71× · Pricier than median
P/S (TTM) 0.96× · Cheaper than median
EV/EBITDA 18.2× · Pricier than 75% of peers

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.

VALUE 100 · sector 30
FUTURE 0 · sector 38
PAST 0 · sector 19
HEALTH 0 · sector 99
DIVIDEND 0 · sector 49

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Zhejiang Dahua Technology Co 002236 ¥16.46 ¥31.47 +91%
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ADT Inc ADT $7.31 $16.68 +128%
The Brink's Company BCO $113.96 $121.18 +6%
Brady Corporation BRC $95.12 $72.32 -24%
The GEO Group GEO $31.45 $25.50 -19%

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Frequently asked questions

Is Bridger Aerospace Group (BAER) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $2.01 versus a price of $1.25, about +61% (undervalued).
What is the fair value of BAER?
Our model-based fair value for Bridger Aerospace Group is $2.01 (as of Aug 13, 2026), built from audited fundamentals. The current price is $1.25.
What is the quality score of BAER?
Bridger Aerospace Group has a Quality Score of 33/100. 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 revenue of Bridger Aerospace Group (BAER)?
Bridger Aerospace Group reported trailing-twelve-month revenue of about $116M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of BAER?
The net profit margin of Bridger Aerospace Group is about -10.1%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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