View Future GrowthBiglari Holdings 過去の業績過去 基準チェック /06Biglari Holdingsの収益は年間平均-32.5%の割合で減少していますが、 Hospitality業界の収益は年間 増加しています。収益は年間29.5% 0.5%割合で 増加しています。主要情報-32.54%収益成長率-30.25%EPS成長率Hospitality 業界の成長19.52%収益成長率0.52%株主資本利益率-3.61%ネット・マージン-4.71%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 11First quarter 2026 earnings released: US$55.81 loss per share (vs US$126 loss in 1Q 2025)First quarter 2026 results: US$55.81 loss per share (improved from US$126 loss in 1Q 2025). Revenue: US$97.5m (up 2.6% from 1Q 2025). Net loss: US$14.5m (loss narrowed 56% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 02Full year 2025 earnings released: US$144 loss per share (vs US$13.46 loss in FY 2024)Full year 2025 results: US$144 loss per share (further deteriorated from US$13.46 loss in FY 2024). Revenue: US$395.3m (up 9.2% from FY 2024). Net loss: US$37.5m (loss widened US$33.7m from FY 2024). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.Reported Earnings • Nov 09Third quarter 2025 earnings released: US$20.38 loss per share (vs US$115 profit in 3Q 2024)Third quarter 2025 results: US$20.38 loss per share (down from US$115 profit in 3Q 2024). Revenue: US$99.7m (up 10% from 3Q 2024). Net loss: US$5.29m (down 117% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings.Reported Earnings • Aug 10Second quarter 2025 earnings released: EPS: US$195 (vs US$172 loss in 2Q 2024)Second quarter 2025 results: EPS: US$195 (up from US$172 loss in 2Q 2024). Revenue: US$100.6m (up 10% from 2Q 2024). Net income: US$50.9m (up US$99.1m from 2Q 2024). Profit margin: 51% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 28% per year.Reported Earnings • May 11First quarter 2025 earnings released: US$126 loss per share (vs US$79.56 profit in 1Q 2024)First quarter 2025 results: US$126 loss per share (down from US$79.56 profit in 1Q 2024). Revenue: US$95.0m (up 6.2% from 1Q 2024). Net loss: US$33.3m (down 247% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 03Full year 2024 earnings released: US$13.45 loss per share (vs US$189 profit in FY 2023)Full year 2024 results: US$13.45 loss per share (down from US$189 profit in FY 2023). Revenue: US$362.1m (flat on FY 2023). Net loss: US$3.76m (down 107% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.すべての更新を表示Recent updatesSeeking Alpha • Jul 13Biglari Holdings: Conceivably At Fair Value At Today's PricesSummary Biglari Holdings (BH) appears fairly valued, with outstanding considerations around the compensation system, though also fine operations. The restaurant segment, led by Steak n Shake, is shifting toward franchising, driving revenue growth but facing margin pressure from higher COGS due to beef tallow insistence. The insurance and oil businesses are positioned for decent performance in Q2 on the whole, benefiting from higher oil prices and lower insurance losses. Valuing the segments based on prevailing multiples or at cost, considering the value of shares in Treasury and other consolidated elements appears to result in a fair value. Read the full article on Seeking AlphaReported Earnings • May 11First quarter 2026 earnings released: US$55.81 loss per share (vs US$126 loss in 1Q 2025)First quarter 2026 results: US$55.81 loss per share (improved from US$126 loss in 1Q 2025). Revenue: US$97.5m (up 2.6% from 1Q 2025). Net loss: US$14.5m (loss narrowed 56% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.New Risk • Mar 02New major risk - Revenue and earnings growthEarnings have declined by 23% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Reported Earnings • Mar 02Full year 2025 earnings released: US$144 loss per share (vs US$13.46 loss in FY 2024)Full year 2025 results: US$144 loss per share (further deteriorated from US$13.46 loss in FY 2024). Revenue: US$395.3m (up 9.2% from FY 2024). Net loss: US$37.5m (loss widened US$33.7m from FY 2024). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.分析記事 • Jan 20Biglari Holdings Inc.'s (NYSE:BH.A) Shares Climb 36% But Its Business Is Yet to Catch UpBiglari Holdings Inc. ( NYSE:BH.A ) shareholders have had their patience rewarded with a 36% share price jump in the...お知らせ • Jan 02Biglari Holdings Inc., Annual General Meeting, Apr 08, 2026Biglari Holdings Inc., Annual General Meeting, Apr 08, 2026. Location: majestic theatre, san antonio United States分析記事 • Dec 31Biglari Holdings (NYSE:BH.A) Could Be Struggling To Allocate CapitalDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...分析記事 • Dec 05Unpleasant Surprises Could Be In Store For Biglari Holdings Inc.'s (NYSE:BH.A) SharesWhen close to half the companies in the Hospitality industry in the United States have price-to-sales ratios (or "P/S...Reported Earnings • Nov 09Third quarter 2025 earnings released: US$20.38 loss per share (vs US$115 profit in 3Q 2024)Third quarter 2025 results: US$20.38 loss per share (down from US$115 profit in 3Q 2024). Revenue: US$99.7m (up 10% from 3Q 2024). Net loss: US$5.29m (down 117% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings.分析記事 • Aug 29Is Biglari Holdings (NYSE:BH.A) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$1,580, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 23x in the Hospitality industry in the US. Total returns to shareholders of 134% over the past three years.Reported Earnings • Aug 10Second quarter 2025 earnings released: EPS: US$195 (vs US$172 loss in 2Q 2024)Second quarter 2025 results: EPS: US$195 (up from US$172 loss in 2Q 2024). Revenue: US$100.6m (up 10% from 2Q 2024). Net income: US$50.9m (up US$99.1m from 2Q 2024). Profit margin: 51% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 28% per year.分析記事 • Jun 19Biglari Holdings (NYSE:BH.A) Could Be At Risk Of Shrinking As A CompanyTo avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...分析記事 • May 29Here's Why Biglari Holdings (NYSE:BH.A) Can Manage Its Debt ResponsiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • May 11First quarter 2025 earnings released: US$126 loss per share (vs US$79.56 profit in 1Q 2024)First quarter 2025 results: US$126 loss per share (down from US$79.56 profit in 1Q 2024). Revenue: US$95.0m (up 6.2% from 1Q 2024). Net loss: US$33.3m (down 247% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.分析記事 • Apr 30Investor Optimism Abounds Biglari Holdings Inc. (NYSE:BH.A) But Growth Is LackingWith a median price-to-sales (or "P/S") ratio of close to 1.5x in the Hospitality industry in the United States, you...お知らせ • Mar 24Biglari Holdings Inc., Annual General Meeting, Apr 16, 2025Biglari Holdings Inc., Annual General Meeting, Apr 16, 2025. Location: majestic theatre, 224 east houston street, san antonio texas 78205, United StatesReported Earnings • Mar 03Full year 2024 earnings released: US$13.45 loss per share (vs US$189 profit in FY 2023)Full year 2024 results: US$13.45 loss per share (down from US$189 profit in FY 2023). Revenue: US$362.1m (flat on FY 2023). Net loss: US$3.76m (down 107% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.分析記事 • Jan 31Investors Will Want Biglari Holdings' (NYSE:BH.A) Growth In ROCE To PersistIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...Valuation Update With 7 Day Price Move • Jan 10Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to US$1,067, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 22x in the Hospitality industry in the US. Total returns to shareholders of 52% over the past three years.分析記事 • Jan 08These 4 Measures Indicate That Biglari Holdings (NYSE:BH.A) Is Using Debt Reasonably WellDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Valuation Update With 7 Day Price Move • Dec 17Investor sentiment improves as stock rises 19%After last week's 19% share price gain to US$1,318, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 24x in the Hospitality industry in the US. Total returns to shareholders of 86% over the past three years.分析記事 • Nov 15Biglari Holdings Inc. (NYSE:BH.A) Surges 26% Yet Its Low P/E Is No Reason For ExcitementBiglari Holdings Inc. ( NYSE:BH.A ) shares have had a really impressive month, gaining 26% after a shaky period...Valuation Update With 7 Day Price Move • Nov 15Investor sentiment improves as stock rises 20%After last week's 20% share price gain to US$1,055, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 24x in the Hospitality industry in the US. Total returns to shareholders of 48% over the past three years.Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: US$115 (vs US$196 loss in 3Q 2023)Third quarter 2024 results: EPS: US$115 (up from US$196 loss in 3Q 2023). Revenue: US$90.4m (flat on 3Q 2023). Net income: US$32.1m (up US$88.6m from 3Q 2023). Profit margin: 36% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.New Risk • Aug 10New major risk - Revenue and earnings growthEarnings have declined by 1.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Buy Or Sell Opportunity • Jul 01Now 23% overvaluedOver the last 90 days, the stock has fallen 2.6% to US$940. The fair value is estimated to be US$766, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 29%.分析記事 • May 22Earnings Not Telling The Story For Biglari Holdings Inc. (NYSE:BH.A)With a price-to-earnings (or "P/E") ratio of 47.6x Biglari Holdings Inc. ( NYSE:BH.A ) may be sending very bearish...Reported Earnings • May 12First quarter 2024 earnings released: EPS: US$79.56 (vs US$222 in 1Q 2023)First quarter 2024 results: EPS: US$79.56 (down from US$222 in 1Q 2023). Revenue: US$89.5m (flat on 1Q 2023). Net income: US$22.6m (down 65% from 1Q 2023). Profit margin: 25% (down from 72% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Board Change • Apr 22Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director John Cardwell was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Mar 03Investor sentiment improves as stock rises 20%After last week's 20% share price gain to US$898, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 20x in the Hospitality industry in the US. Total returns to shareholders of 21% over the past three years.Reported Earnings • Feb 26Full year 2023 earnings released: EPS: US$189 (vs US$107 loss in FY 2022)Full year 2023 results: EPS: US$189 (up from US$107 loss in FY 2022). Revenue: US$365.3m (flat on FY 2022). Net income: US$54.9m (up US$87.0m from FY 2022). Profit margin: 15% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.分析記事 • Dec 13There's Been No Shortage Of Growth Recently For Biglari Holdings' (NYSE:BH.A) Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Seeking Alpha • Dec 12Biglari Holdings Inc. Secures Oil And Gas Development DealSummary Abraxas Petroleum has entered into a purchase/royalty-based arrangement with a third party company to conduct exploration and development activities on its Delaware Basin properties. Abraxas Petroleum’s proved developed non-producing and proved undeveloped reserves are currently carried at $0 on the balance sheet. Development activities will allow Abraxas to establish their proportional share of proved undeveloped reserves on the balance sheet over time as well as provide for ongoing royalty payments. Third quarter operating results were mixed with another solid quarter for insurance operations while Steak n Shake came in soft and production issues continue at Southern Oil. Valuation continues to imply significant upside. Read the full article on Seeking AlphaReported Earnings • Nov 05Third quarter 2023 earnings released: US$196 loss per share (vs US$109 profit in 3Q 2022)Third quarter 2023 results: US$196 loss per share (down from US$109 profit in 3Q 2022). Revenue: US$90.9m (down 1.2% from 3Q 2022). Net loss: US$56.5m (down 277% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.Buying Opportunity • Oct 11Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 27%. The fair value is estimated to be US$961, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company has become profitable.New Risk • Aug 07New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 236% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.6% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.Reported Earnings • Aug 06Second quarter 2023 earnings released: EPS: US$6.64 (vs US$244 loss in 2Q 2022)Second quarter 2023 results: EPS: US$6.64 (up from US$244 loss in 2Q 2022). Revenue: US$93.5m (up 1.3% from 2Q 2022). Net income: US$1.94m (up US$75.7m from 2Q 2022). Profit margin: 2.1% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.Seeking Alpha • Jul 10Biglari Holdings: Sum-Of-The-Parts Valuation Implies Significant UpsideSummary Biglari Holdings is currently trading at a 69% discount to our current sum-of-the-parts valuation, following an assessment of its insurance, oil and gas, restaurant, and investment operations. The company is under-followed and misunderstood with multiple upside catalysts. Highly successful cash harvesting strategy at oil and gas operation with upside potential in Permian and Delaware Basin assets. We anticipate $40 million in cash distributions from Steak n Shake to the holding company in 2023 through existing cash and sale of closed restaurant real estate. Read the full article on Seeking AlphaReported Earnings • May 07First quarter 2023 earnings released: EPS: US$222 (vs US$0.98 loss in 1Q 2022)First quarter 2023 results: EPS: US$222 (up from US$0.98 loss in 1Q 2022). Revenue: US$90.2m (up 5.6% from 1Q 2022). Net income: US$64.9m (up US$65.2m from 1Q 2022). Profit margin: 72% (up from net loss in 1Q 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Apr 21Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director John Cardwell was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.分析記事 • Mar 18Biglari Holdings (NYSE:BH.A) Has A Rock Solid Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Feb 28Full year 2022 earnings released: US$107 loss per share (vs US$112 profit in FY 2021)Full year 2022 results: US$107 loss per share (down from US$112 profit in FY 2021). Revenue: US$368.2m (flat on FY 2021). Net loss: US$32.0m (down 190% from profit in FY 2021). Total stores: 545 (down by 32 from FY 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.Reported Earnings • Nov 05Third quarter 2022 earnings released: EPS: US$109 (vs US$33.74 loss in 3Q 2021)Third quarter 2022 results: EPS: US$109 (up from US$33.74 loss in 3Q 2021). Revenue: US$92.0m (up 12% from 3Q 2021). Net income: US$32.0m (up US$42.7m from 3Q 2021). Profit margin: 35% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.分析記事 • Aug 10Biglari Holdings (NYSE:BHA) Shareholders Will Want The ROCE Trajectory To ContinueThere are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...Reported Earnings • Aug 06Second quarter 2022 earnings released: US$244 loss per share (vs US$64.04 loss in 2Q 2021)Second quarter 2022 results: US$244 loss per share (down from US$64.04 loss in 2Q 2021). Revenue: US$92.4m (up 1.7% from 2Q 2021). Net loss: US$73.8m (loss widened 256% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Reported Earnings • May 07First quarter 2022 earnings released: US$0.13 loss per share (vs US$223 profit in 1Q 2021)First quarter 2022 results: US$0.13 loss per share (down from US$223 profit in 1Q 2021). Revenue: US$85.4m (down 9.5% from 1Q 2021). Net loss: US$298.0k (down 100% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 03Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: US$112 (up from US$110 loss in FY 2020). Revenue: US$366.1m (down 16% from FY 2020). Net income: US$35.5m (up US$73.5m from FY 2020). Profit margin: 9.7% (up from net loss in FY 2020). Total stores: 577 (down by 21 from FY 2020). Revenue missed analyst estimates by 1.7%. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 01Investor sentiment improved over the past weekAfter last week's 21% share price gain to US$714, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 22x in the Hospitality industry in the US. Total returns to shareholders of 2.1% over the past three years.Reported Earnings • Nov 07Third quarter 2021 earnings releasedThe company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: US$82.1m (down 19% from 3Q 2020). Net loss: US$10.7m (down 151% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.分析記事 • Nov 03Biglari Holdings (NYSE:BH.A) Is Experiencing Growth In Returns On CapitalWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...Reported Earnings • Aug 08Second quarter 2021 earnings releasedThe company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: US$90.8m (down 5.9% from 2Q 2020). Net loss: US$20.7m (down 149% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.分析記事 • May 21Most Shareholders Will Probably Find That The Compensation For Biglari Holdings Inc.'s (NYSE:BH.A) CEO Is ReasonableShareholders may be wondering what CEO Sardar Biglari plans to do to improve the less than great performance at Biglari...分析記事 • May 15There Are Some Reasons To Suggest That Biglari Holdings' (NYSE:BH.A) Earnings A Poor Reflection Of ProfitabilityBiglari Holdings Inc.'s ( NYSE:BH.A ) stock performed strongly after the recent earnings report. Investors should be...Reported Earnings • May 09First quarter 2021 earnings releasedThe company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: US$94.3m (down 31% from 1Q 2020). Net income: US$71.7m (up US$209.6m from 1Q 2020). Profit margin: 76% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.分析記事 • Apr 28We Like These Underlying Return On Capital Trends At Biglari Holdings (NYSE:BH.A)There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...分析記事 • Apr 02Is Biglari Holdings (NYSE:BH.A) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Mar 07The Biglari Holdings (NYSE:BH.A) Share Price Has Gained 41% And Shareholders Are Hoping For MoreA diverse portfolio of stocks will always have winners and losers. Of course, the aim of the game is to pick stocks...Reported Earnings • Mar 03Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$433.7m (down 35% from FY 2019). Net loss: US$38.0m (down 184% from profit in FY 2019). Total stores: 598 (down by 64 from FY 2019).Is New 90 Day High Low • Mar 02New 90-day high: US$725The company is up 23% from its price of US$590 on 01 December 2020. The American market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 20% over the same period.分析記事 • Feb 09What Is The Ownership Structure Like For Biglari Holdings Inc. (NYSE:BH.A)?The big shareholder groups in Biglari Holdings Inc. ( NYSE:BH.A ) have power over the company. Insiders often own a...分析記事 • Jan 12We Like These Underlying Trends At Biglari Holdings (NYSE:BH.A)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...Is New 90 Day High Low • Dec 11New 90-day high: US$610The company is up 21% from its price of US$505 on 11 September 2020. The American market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 19% over the same period.分析記事 • Dec 08Biglari Holdings (NYSE:BH.A) Has A Pretty Healthy Balance SheetHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Is New 90 Day High Low • Nov 17New 90-day high: US$553The company is up 6.0% from its price of US$520 on 18 August 2020. The American market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 16% over the same period.Is New 90 Day High Low • Sep 19New 90-day high: US$549The company is up 34% from its price of US$410 on 19 June 2020. The American market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 14% over the same period.収支内訳Biglari Holdings の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史NYSE:BH.A 収益、費用、利益 ( )USD Millions日付収益収益G+A経費研究開発費31 Mar 26398-1990031 Dec 25395-3787030 Sep 25387284030 Jun 253774083031 Mar 25368-6079031 Dec 24362-476030 Sep 243625179030 Jun 24362-3778031 Mar 243651378031 Dec 233655577030 Sep 233732077030 Jun 2337410974031 Mar 233733372031 Dec 22368-3271030 Sep 22369-4773030 Jun 22359-9075031 Mar 22357-3777031 Dec 213663576030 Sep 213677772030 Jun 2138710875031 Mar 2139217275031 Dec 20434-3876030 Sep 20492-6165030 Jun 20551-8268031 Mar 20623-10276031 Dec 1966945100030 Sep 1970674112030 Jun 1974961121031 Mar 1979031128031 Dec 1881019127030 Sep 1882446134030 Jun 1883435135031 Mar 1883964134031 Dec 1784050129030 Sep 1783752126030 Jun 1783916125031 Mar 1784532126031 Dec 1685099127030 Sep 16859-7129030 Jun 1686163130031 Mar 1686425133031 Dec 15861-16135030 Sep 158711101310質の高い収益: BH.Aは現在利益が出ていません。利益率の向上: BH.Aは現在利益が出ていません。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: BH.Aは利益が出ておらず、過去 5 年間で損失は年間32.5%の割合で増加しています。成長の加速: BH.Aの過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。収益対業界: BH.Aは利益が出ていないため、過去 1 年間の収益成長をHospitality業界 ( 21.3% ) と比較することは困難です。株主資本利益率高いROE: BH.Aは現在利益が出ていないため、自己資本利益率 ( -3.61% ) はマイナスです。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YConsumer-services 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/22 22:45終値2026/07/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Biglari Holdings Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Michael GalloCL King & Associates, Inc.
Reported Earnings • May 11First quarter 2026 earnings released: US$55.81 loss per share (vs US$126 loss in 1Q 2025)First quarter 2026 results: US$55.81 loss per share (improved from US$126 loss in 1Q 2025). Revenue: US$97.5m (up 2.6% from 1Q 2025). Net loss: US$14.5m (loss narrowed 56% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 02Full year 2025 earnings released: US$144 loss per share (vs US$13.46 loss in FY 2024)Full year 2025 results: US$144 loss per share (further deteriorated from US$13.46 loss in FY 2024). Revenue: US$395.3m (up 9.2% from FY 2024). Net loss: US$37.5m (loss widened US$33.7m from FY 2024). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 09Third quarter 2025 earnings released: US$20.38 loss per share (vs US$115 profit in 3Q 2024)Third quarter 2025 results: US$20.38 loss per share (down from US$115 profit in 3Q 2024). Revenue: US$99.7m (up 10% from 3Q 2024). Net loss: US$5.29m (down 117% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 10Second quarter 2025 earnings released: EPS: US$195 (vs US$172 loss in 2Q 2024)Second quarter 2025 results: EPS: US$195 (up from US$172 loss in 2Q 2024). Revenue: US$100.6m (up 10% from 2Q 2024). Net income: US$50.9m (up US$99.1m from 2Q 2024). Profit margin: 51% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 28% per year.
Reported Earnings • May 11First quarter 2025 earnings released: US$126 loss per share (vs US$79.56 profit in 1Q 2024)First quarter 2025 results: US$126 loss per share (down from US$79.56 profit in 1Q 2024). Revenue: US$95.0m (up 6.2% from 1Q 2024). Net loss: US$33.3m (down 247% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 03Full year 2024 earnings released: US$13.45 loss per share (vs US$189 profit in FY 2023)Full year 2024 results: US$13.45 loss per share (down from US$189 profit in FY 2023). Revenue: US$362.1m (flat on FY 2023). Net loss: US$3.76m (down 107% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Seeking Alpha • Jul 13Biglari Holdings: Conceivably At Fair Value At Today's PricesSummary Biglari Holdings (BH) appears fairly valued, with outstanding considerations around the compensation system, though also fine operations. The restaurant segment, led by Steak n Shake, is shifting toward franchising, driving revenue growth but facing margin pressure from higher COGS due to beef tallow insistence. The insurance and oil businesses are positioned for decent performance in Q2 on the whole, benefiting from higher oil prices and lower insurance losses. Valuing the segments based on prevailing multiples or at cost, considering the value of shares in Treasury and other consolidated elements appears to result in a fair value. Read the full article on Seeking Alpha
Reported Earnings • May 11First quarter 2026 earnings released: US$55.81 loss per share (vs US$126 loss in 1Q 2025)First quarter 2026 results: US$55.81 loss per share (improved from US$126 loss in 1Q 2025). Revenue: US$97.5m (up 2.6% from 1Q 2025). Net loss: US$14.5m (loss narrowed 56% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.
New Risk • Mar 02New major risk - Revenue and earnings growthEarnings have declined by 23% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Reported Earnings • Mar 02Full year 2025 earnings released: US$144 loss per share (vs US$13.46 loss in FY 2024)Full year 2025 results: US$144 loss per share (further deteriorated from US$13.46 loss in FY 2024). Revenue: US$395.3m (up 9.2% from FY 2024). Net loss: US$37.5m (loss widened US$33.7m from FY 2024). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.
分析記事 • Jan 20Biglari Holdings Inc.'s (NYSE:BH.A) Shares Climb 36% But Its Business Is Yet to Catch UpBiglari Holdings Inc. ( NYSE:BH.A ) shareholders have had their patience rewarded with a 36% share price jump in the...
お知らせ • Jan 02Biglari Holdings Inc., Annual General Meeting, Apr 08, 2026Biglari Holdings Inc., Annual General Meeting, Apr 08, 2026. Location: majestic theatre, san antonio United States
分析記事 • Dec 31Biglari Holdings (NYSE:BH.A) Could Be Struggling To Allocate CapitalDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...
分析記事 • Dec 05Unpleasant Surprises Could Be In Store For Biglari Holdings Inc.'s (NYSE:BH.A) SharesWhen close to half the companies in the Hospitality industry in the United States have price-to-sales ratios (or "P/S...
Reported Earnings • Nov 09Third quarter 2025 earnings released: US$20.38 loss per share (vs US$115 profit in 3Q 2024)Third quarter 2025 results: US$20.38 loss per share (down from US$115 profit in 3Q 2024). Revenue: US$99.7m (up 10% from 3Q 2024). Net loss: US$5.29m (down 117% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings.
分析記事 • Aug 29Is Biglari Holdings (NYSE:BH.A) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$1,580, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 23x in the Hospitality industry in the US. Total returns to shareholders of 134% over the past three years.
Reported Earnings • Aug 10Second quarter 2025 earnings released: EPS: US$195 (vs US$172 loss in 2Q 2024)Second quarter 2025 results: EPS: US$195 (up from US$172 loss in 2Q 2024). Revenue: US$100.6m (up 10% from 2Q 2024). Net income: US$50.9m (up US$99.1m from 2Q 2024). Profit margin: 51% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 28% per year.
分析記事 • Jun 19Biglari Holdings (NYSE:BH.A) Could Be At Risk Of Shrinking As A CompanyTo avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...
分析記事 • May 29Here's Why Biglari Holdings (NYSE:BH.A) Can Manage Its Debt ResponsiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • May 11First quarter 2025 earnings released: US$126 loss per share (vs US$79.56 profit in 1Q 2024)First quarter 2025 results: US$126 loss per share (down from US$79.56 profit in 1Q 2024). Revenue: US$95.0m (up 6.2% from 1Q 2024). Net loss: US$33.3m (down 247% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
分析記事 • Apr 30Investor Optimism Abounds Biglari Holdings Inc. (NYSE:BH.A) But Growth Is LackingWith a median price-to-sales (or "P/S") ratio of close to 1.5x in the Hospitality industry in the United States, you...
お知らせ • Mar 24Biglari Holdings Inc., Annual General Meeting, Apr 16, 2025Biglari Holdings Inc., Annual General Meeting, Apr 16, 2025. Location: majestic theatre, 224 east houston street, san antonio texas 78205, United States
Reported Earnings • Mar 03Full year 2024 earnings released: US$13.45 loss per share (vs US$189 profit in FY 2023)Full year 2024 results: US$13.45 loss per share (down from US$189 profit in FY 2023). Revenue: US$362.1m (flat on FY 2023). Net loss: US$3.76m (down 107% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
分析記事 • Jan 31Investors Will Want Biglari Holdings' (NYSE:BH.A) Growth In ROCE To PersistIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
Valuation Update With 7 Day Price Move • Jan 10Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to US$1,067, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 22x in the Hospitality industry in the US. Total returns to shareholders of 52% over the past three years.
分析記事 • Jan 08These 4 Measures Indicate That Biglari Holdings (NYSE:BH.A) Is Using Debt Reasonably WellDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Valuation Update With 7 Day Price Move • Dec 17Investor sentiment improves as stock rises 19%After last week's 19% share price gain to US$1,318, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 24x in the Hospitality industry in the US. Total returns to shareholders of 86% over the past three years.
分析記事 • Nov 15Biglari Holdings Inc. (NYSE:BH.A) Surges 26% Yet Its Low P/E Is No Reason For ExcitementBiglari Holdings Inc. ( NYSE:BH.A ) shares have had a really impressive month, gaining 26% after a shaky period...
Valuation Update With 7 Day Price Move • Nov 15Investor sentiment improves as stock rises 20%After last week's 20% share price gain to US$1,055, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 24x in the Hospitality industry in the US. Total returns to shareholders of 48% over the past three years.
Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: US$115 (vs US$196 loss in 3Q 2023)Third quarter 2024 results: EPS: US$115 (up from US$196 loss in 3Q 2023). Revenue: US$90.4m (flat on 3Q 2023). Net income: US$32.1m (up US$88.6m from 3Q 2023). Profit margin: 36% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
New Risk • Aug 10New major risk - Revenue and earnings growthEarnings have declined by 1.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Buy Or Sell Opportunity • Jul 01Now 23% overvaluedOver the last 90 days, the stock has fallen 2.6% to US$940. The fair value is estimated to be US$766, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 29%.
分析記事 • May 22Earnings Not Telling The Story For Biglari Holdings Inc. (NYSE:BH.A)With a price-to-earnings (or "P/E") ratio of 47.6x Biglari Holdings Inc. ( NYSE:BH.A ) may be sending very bearish...
Reported Earnings • May 12First quarter 2024 earnings released: EPS: US$79.56 (vs US$222 in 1Q 2023)First quarter 2024 results: EPS: US$79.56 (down from US$222 in 1Q 2023). Revenue: US$89.5m (flat on 1Q 2023). Net income: US$22.6m (down 65% from 1Q 2023). Profit margin: 25% (down from 72% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Board Change • Apr 22Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director John Cardwell was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Mar 03Investor sentiment improves as stock rises 20%After last week's 20% share price gain to US$898, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 20x in the Hospitality industry in the US. Total returns to shareholders of 21% over the past three years.
Reported Earnings • Feb 26Full year 2023 earnings released: EPS: US$189 (vs US$107 loss in FY 2022)Full year 2023 results: EPS: US$189 (up from US$107 loss in FY 2022). Revenue: US$365.3m (flat on FY 2022). Net income: US$54.9m (up US$87.0m from FY 2022). Profit margin: 15% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
分析記事 • Dec 13There's Been No Shortage Of Growth Recently For Biglari Holdings' (NYSE:BH.A) Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Seeking Alpha • Dec 12Biglari Holdings Inc. Secures Oil And Gas Development DealSummary Abraxas Petroleum has entered into a purchase/royalty-based arrangement with a third party company to conduct exploration and development activities on its Delaware Basin properties. Abraxas Petroleum’s proved developed non-producing and proved undeveloped reserves are currently carried at $0 on the balance sheet. Development activities will allow Abraxas to establish their proportional share of proved undeveloped reserves on the balance sheet over time as well as provide for ongoing royalty payments. Third quarter operating results were mixed with another solid quarter for insurance operations while Steak n Shake came in soft and production issues continue at Southern Oil. Valuation continues to imply significant upside. Read the full article on Seeking Alpha
Reported Earnings • Nov 05Third quarter 2023 earnings released: US$196 loss per share (vs US$109 profit in 3Q 2022)Third quarter 2023 results: US$196 loss per share (down from US$109 profit in 3Q 2022). Revenue: US$90.9m (down 1.2% from 3Q 2022). Net loss: US$56.5m (down 277% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
Buying Opportunity • Oct 11Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 27%. The fair value is estimated to be US$961, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company has become profitable.
New Risk • Aug 07New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 236% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.6% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
Reported Earnings • Aug 06Second quarter 2023 earnings released: EPS: US$6.64 (vs US$244 loss in 2Q 2022)Second quarter 2023 results: EPS: US$6.64 (up from US$244 loss in 2Q 2022). Revenue: US$93.5m (up 1.3% from 2Q 2022). Net income: US$1.94m (up US$75.7m from 2Q 2022). Profit margin: 2.1% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.
Seeking Alpha • Jul 10Biglari Holdings: Sum-Of-The-Parts Valuation Implies Significant UpsideSummary Biglari Holdings is currently trading at a 69% discount to our current sum-of-the-parts valuation, following an assessment of its insurance, oil and gas, restaurant, and investment operations. The company is under-followed and misunderstood with multiple upside catalysts. Highly successful cash harvesting strategy at oil and gas operation with upside potential in Permian and Delaware Basin assets. We anticipate $40 million in cash distributions from Steak n Shake to the holding company in 2023 through existing cash and sale of closed restaurant real estate. Read the full article on Seeking Alpha
Reported Earnings • May 07First quarter 2023 earnings released: EPS: US$222 (vs US$0.98 loss in 1Q 2022)First quarter 2023 results: EPS: US$222 (up from US$0.98 loss in 1Q 2022). Revenue: US$90.2m (up 5.6% from 1Q 2022). Net income: US$64.9m (up US$65.2m from 1Q 2022). Profit margin: 72% (up from net loss in 1Q 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Apr 21Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director John Cardwell was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
分析記事 • Mar 18Biglari Holdings (NYSE:BH.A) Has A Rock Solid Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Feb 28Full year 2022 earnings released: US$107 loss per share (vs US$112 profit in FY 2021)Full year 2022 results: US$107 loss per share (down from US$112 profit in FY 2021). Revenue: US$368.2m (flat on FY 2021). Net loss: US$32.0m (down 190% from profit in FY 2021). Total stores: 545 (down by 32 from FY 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 05Third quarter 2022 earnings released: EPS: US$109 (vs US$33.74 loss in 3Q 2021)Third quarter 2022 results: EPS: US$109 (up from US$33.74 loss in 3Q 2021). Revenue: US$92.0m (up 12% from 3Q 2021). Net income: US$32.0m (up US$42.7m from 3Q 2021). Profit margin: 35% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
分析記事 • Aug 10Biglari Holdings (NYSE:BHA) Shareholders Will Want The ROCE Trajectory To ContinueThere are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...
Reported Earnings • Aug 06Second quarter 2022 earnings released: US$244 loss per share (vs US$64.04 loss in 2Q 2021)Second quarter 2022 results: US$244 loss per share (down from US$64.04 loss in 2Q 2021). Revenue: US$92.4m (up 1.7% from 2Q 2021). Net loss: US$73.8m (loss widened 256% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Reported Earnings • May 07First quarter 2022 earnings released: US$0.13 loss per share (vs US$223 profit in 1Q 2021)First quarter 2022 results: US$0.13 loss per share (down from US$223 profit in 1Q 2021). Revenue: US$85.4m (down 9.5% from 1Q 2021). Net loss: US$298.0k (down 100% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 03Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: US$112 (up from US$110 loss in FY 2020). Revenue: US$366.1m (down 16% from FY 2020). Net income: US$35.5m (up US$73.5m from FY 2020). Profit margin: 9.7% (up from net loss in FY 2020). Total stores: 577 (down by 21 from FY 2020). Revenue missed analyst estimates by 1.7%. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 01Investor sentiment improved over the past weekAfter last week's 21% share price gain to US$714, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 22x in the Hospitality industry in the US. Total returns to shareholders of 2.1% over the past three years.
Reported Earnings • Nov 07Third quarter 2021 earnings releasedThe company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: US$82.1m (down 19% from 3Q 2020). Net loss: US$10.7m (down 151% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
分析記事 • Nov 03Biglari Holdings (NYSE:BH.A) Is Experiencing Growth In Returns On CapitalWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...
Reported Earnings • Aug 08Second quarter 2021 earnings releasedThe company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: US$90.8m (down 5.9% from 2Q 2020). Net loss: US$20.7m (down 149% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
分析記事 • May 21Most Shareholders Will Probably Find That The Compensation For Biglari Holdings Inc.'s (NYSE:BH.A) CEO Is ReasonableShareholders may be wondering what CEO Sardar Biglari plans to do to improve the less than great performance at Biglari...
分析記事 • May 15There Are Some Reasons To Suggest That Biglari Holdings' (NYSE:BH.A) Earnings A Poor Reflection Of ProfitabilityBiglari Holdings Inc.'s ( NYSE:BH.A ) stock performed strongly after the recent earnings report. Investors should be...
Reported Earnings • May 09First quarter 2021 earnings releasedThe company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: US$94.3m (down 31% from 1Q 2020). Net income: US$71.7m (up US$209.6m from 1Q 2020). Profit margin: 76% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.
分析記事 • Apr 28We Like These Underlying Return On Capital Trends At Biglari Holdings (NYSE:BH.A)There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...
分析記事 • Apr 02Is Biglari Holdings (NYSE:BH.A) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Mar 07The Biglari Holdings (NYSE:BH.A) Share Price Has Gained 41% And Shareholders Are Hoping For MoreA diverse portfolio of stocks will always have winners and losers. Of course, the aim of the game is to pick stocks...
Reported Earnings • Mar 03Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$433.7m (down 35% from FY 2019). Net loss: US$38.0m (down 184% from profit in FY 2019). Total stores: 598 (down by 64 from FY 2019).
Is New 90 Day High Low • Mar 02New 90-day high: US$725The company is up 23% from its price of US$590 on 01 December 2020. The American market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 20% over the same period.
分析記事 • Feb 09What Is The Ownership Structure Like For Biglari Holdings Inc. (NYSE:BH.A)?The big shareholder groups in Biglari Holdings Inc. ( NYSE:BH.A ) have power over the company. Insiders often own a...
分析記事 • Jan 12We Like These Underlying Trends At Biglari Holdings (NYSE:BH.A)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...
Is New 90 Day High Low • Dec 11New 90-day high: US$610The company is up 21% from its price of US$505 on 11 September 2020. The American market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 19% over the same period.
分析記事 • Dec 08Biglari Holdings (NYSE:BH.A) Has A Pretty Healthy Balance SheetHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Is New 90 Day High Low • Nov 17New 90-day high: US$553The company is up 6.0% from its price of US$520 on 18 August 2020. The American market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 16% over the same period.
Is New 90 Day High Low • Sep 19New 90-day high: US$549The company is up 34% from its price of US$410 on 19 June 2020. The American market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 14% over the same period.