Fund managers including Collins St Asset Management, Centennial Asset Management and Blue Boat Capital have invested in Boom Logistics Limited (ASX:BOL).

Managers highlight a run of consecutive earnings upgrades, with earnings per share up around 50% since FY25, together with a reinstated dividend and an expanded buyback of roughly 10% of shares. Collins St argues the stock remains materially undervalued on around seven times earnings, while Blue Boat Capital sees structurally tight capacity in heavy lifting, rising utilisation, improving pricing power and longer-duration contracts supporting returns. Centennial views Boom as a small-cap way to play the broader capex theme.

Fund managers acknowledge Boom operates in a capital-intensive, operationally demanding and historically cyclical industry, which is why the market tends to price it for mean reversion. The bull case depends on infrastructure, mining services and energy transition demand staying strong and on supply remaining constrained; a downturn in project activity or renewed industry capacity could pressure utilisation, pricing and the sustainability of recent earnings upgrades.

Boom Logistics Ltd. is an Australian crane logistics and lifting solutions provider headquartered in Southbank. Founded on December 22, 2000, the company operates through two primary segments: Lifting Solutions and Labour Hire. The Lifting Solutions division provides cranes, travel towers, access equipment, and related services. The Labour Hire division supplies skilled tradespeople, including electricians, boilermakers, mechanics, crane and travel tower operators, riggers, and truck drivers. Boom Logistics delivers end-to-end lifting services and technical workforce solutions to diverse industrial sectors.