View Future GrowthBiglari Holdings 과거 순이익 실적과거 기준 점검 0/6Biglari Holdings 의 수입은 연평균 -32.5%의 비율로 감소해 온 반면, Hospitality 산업은 연평균 29.5%의 비율로 증가했습니다. 매출은 연평균 0.5%의 비율로 증가해 왔습니다.핵심 정보-32.54%순이익 성장률-30.25%주당순이익(EPS) 성장률Hospitality 산업 성장률19.52%매출 성장률0.52%자기자본이익률-3.61%순이익률-4.71%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported 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.모든 업데이트 보기Recent updatesReported 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.Seeking Alpha • Mar 26Biglari Holdings: Solid Operation With Restaurants But Limited DiscountSummary Biglari Holdings offers a modest NAV discount, with restaurants and insurance performing well and oil to get a boost in early 2026 from the oil crisis. BH's restaurant business is rationalizing effectively, reducing labor costs as a percentage of sales despite closures and wage increases, thanks to same-store growth. The oil segment, about 10% of NAV, could deliver $10-$20 million in excess cash flows if 2022 conditions return, a nice incoming boost to NAV. We get a 13% NAV discount, but there are compensation quirks that could limit that, and more importantly, we only get interested in holding company discounts per se above 30%. Read the full article on Seeking AlphaNew 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.분석 기사 • 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...공시 • Jan 02Biglari Holdings Inc., Annual General Meeting, Apr 08, 2026Biglari Holdings Inc., Annual General Meeting, Apr 08, 2026. Location: majestic theatre, san antonio United States분석 기사 • 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...분석 기사 • 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.분석 기사 • 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.분석 기사 • 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...분석 기사 • 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.분석 기사 • 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...공시 • 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.분석 기사 • 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.분석 기사 • 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.분석 기사 • 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%.분석 기사 • 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.분석 기사 • 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.분석 기사 • 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.분석 기사 • 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.분석 기사 • 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.분석 기사 • 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...분석 기사 • 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.분석 기사 • 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...분석 기사 • 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...분석 기사 • 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.분석 기사 • 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...분석 기사 • 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.분석 기사 • 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.매출 및 비용 세부 내역Biglari Holdings가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이NYSE:BH.A 매출, 비용 및 순이익 (USD Millions)날짜매출순이익일반관리비연구개발비31 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 15871110131030 Jun 158601101370양질의 수익: BH.A 은(는) 현재 수익성이 없습니다.이익 마진 증가: BH.A는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: BH.A은 수익성이 없으며 지난 5년 동안 손실이 연평균 32.5% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 BH.A의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: BH.A은 수익성이 없어 지난 해 수익 성장률을 Hospitality 업계(19.9%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: BH.A는 현재 수익성이 없으므로 자본 수익률이 음수(-3.61%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YConsumer-services 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/21 18:13종가2026/06/18 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Biglari Holdings Inc.는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Michael 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.
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.
Seeking Alpha • Mar 26Biglari Holdings: Solid Operation With Restaurants But Limited DiscountSummary Biglari Holdings offers a modest NAV discount, with restaurants and insurance performing well and oil to get a boost in early 2026 from the oil crisis. BH's restaurant business is rationalizing effectively, reducing labor costs as a percentage of sales despite closures and wage increases, thanks to same-store growth. The oil segment, about 10% of NAV, could deliver $10-$20 million in excess cash flows if 2022 conditions return, a nice incoming boost to NAV. We get a 13% NAV discount, but there are compensation quirks that could limit that, and more importantly, we only get interested in holding company discounts per se above 30%. Read the full article on Seeking Alpha
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.
분석 기사 • 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...
공시 • 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
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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...
공시 • 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.
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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%.
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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.