Boyd Group Services Inc. operates non-franchised collision repair centers in North America.
Share Price & News
How has Boyd Group Income Fund's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BYD.UN has not had significant price volatility in the past 3 months.
7 Day Return
CA Commercial Services
1 Year Return
CA Commercial Services
Return vs Industry: BYD.UN exceeded the Canadian Commercial Services industry which returned 25.4% over the past year.
Return vs Market: BYD.UN exceeded the Canadian Market which returned 10.4% over the past year.
Price Volatility Vs. Market
How volatile is Boyd Group Income Fund's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall StDoes Boyd Group Income Fund (TSE:BYD.UN)'s Capital Return Make The Cut?
1 year ago | Simply Wall StWho Owns Most Of Boyd Group Income Fund (TSE:BYD.UN)?
1 year ago | Simply Wall StIs Boyd Group Income Fund's (TSE:BYD.UN) ROE Of 12.98% Sustainable?
Is Boyd Group Income Fund undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BYD.UN (CA$202) is trading below our estimate of fair value (CA$242.07)
Significantly Below Fair Value: BYD.UN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BYD.UN is poor value based on its PE Ratio (50.2x) compared to the Commercial Services industry average (16.6x).
PE vs Market: BYD.UN is poor value based on its PE Ratio (50.2x) compared to the Canadian market (15.8x).
Price to Earnings Growth Ratio
PEG Ratio: BYD.UN is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: BYD.UN is overvalued based on its PB Ratio (6.9x) compared to the CA Commercial Services industry average (1.4x).
How is Boyd Group Income Fund forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BYD.UN's forecast earnings growth (31.3% per year) is above the savings rate (1.4%).
Earnings vs Market: BYD.UN's earnings (31.3% per year) are forecast to grow faster than the Canadian market (10.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BYD.UN's revenue (12.7% per year) is forecast to grow faster than the Canadian market (5% per year).
High Growth Revenue: BYD.UN's revenue (12.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BYD.UN's Return on Equity is forecast to be low in 3 years time (19.6%).
How has Boyd Group Income Fund performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BYD.UN has high quality earnings.
Growing Profit Margin: BYD.UN's current net profit margins (3.6%) are lower than last year (4%).
Past Earnings Growth Analysis
Earnings Trend: BYD.UN has become profitable over the past 5 years, growing earnings by 59.7% per year.
Accelerating Growth: BYD.UN's earnings growth over the past year (12.5%) is below its 5-year average (59.7% per year).
Earnings vs Industry: BYD.UN earnings growth over the past year (12.5%) underperformed the Commercial Services industry 17.6%.
Return on Equity
High ROE: BYD.UN's Return on Equity (13.7%) is considered low.
Return on Assets
Return on Capital Employed
How is Boyd Group Income Fund's financial position?
Financial Position Analysis
Short Term Liabilities: BYD.UN's short term assets (CA$234.4M) do not cover its short term liabilities (CA$393.1M).
Long Term Liabilities: BYD.UN's short term assets (CA$234.4M) do not cover its long term liabilities (CA$913.3M).
Debt to Equity History and Analysis
Debt Level: BYD.UN's debt to equity ratio (71.8%) is considered high.
Reducing Debt: BYD.UN's debt to equity ratio has reduced from 98.3% to 71.8% over the past 5 years.
Debt Coverage: BYD.UN's debt is well covered by operating cash flow (63.9%).
Interest Coverage: BYD.UN's interest payments on its debt are well covered by EBIT (4.9x coverage).
Inventory Level: BYD.UN has a high level of physical assets or inventory.
Debt Coverage by Assets: BYD.UN's debt is not covered by short term assets (assets are 0.6x debt).
What is Boyd Group Income Fund's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BYD.UN's dividend (0.27%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.88%).
High Dividend: BYD.UN's dividend (0.27%) is low compared to the top 25% of dividend payers in the Canadian market (5.48%).
Stability and Growth of Payments
Stable Dividend: BYD.UN is not paying a notable dividend for the Canadian market, therefore no need to check if payments are stable.
Growing Dividend: BYD.UN is not paying a notable dividend for the Canadian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: BYD.UN is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BYD.UN's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Brock Bulbuck (59yo)
Mr. Brock W. Bulbuck, CPA, C.A., has been the Chief Executive Officer of Boyd Group Income Fund (BGIF) since January 07, 2010. since joining Boyd in 1993, Mr. Bulbuck has served in many senior leadership r ...
CEO Compensation Analysis
Compensation vs Market: Brock's total compensation ($USD2.03M) is about average for companies of similar size in the Canadian market ($USD2.87M).
Compensation vs Earnings: Brock's compensation has increased by more than 20% in the past year.
|CEO & Non-Independent Trustee||10yrs||CA$2.63m||0.12% CA$4.9m|
|CFO, Executive VP||5yrs||CA$1.55m||no data|
|Chief Operating Officer of U.S. Collision||0yrs||CA$870.48k||no data|
|Senior Vice-President of U.S. Collision||0yrs||CA$831.59k||no data|
|Vice President of Corporate Development||5yrs||no data||no data|
|CEO of Glass America & CEO of Gerber National Claim Services||4.9yrs||CA$526.60k||0.49% CA$19.8m|
|President of True2Form Collision Repair Centers||9.5yrs||CA$557.17k||no data|
Experienced Management: BYD.UN's management team is seasoned and experienced (5 years average tenure).
|CEO & Non-Independent Trustee||10yrs||CA$2.63m||0.12% CA$4.9m|
|Independent Trustee||7.2yrs||CA$139.98k||0.051% CA$2.0m|
|Independent Trustee||17.1yrs||CA$118.00k||0.028% CA$1.1m|
|Independent Trustee||4.7yrs||CA$151.00k||0.025% CA$1.0m|
|Independent Trustee||7.6yrs||CA$123.00k||0.027% CA$1.1m|
|Independent Trustee||2.7yrs||CA$108.00k||0.0014% CA$56.6k|
|Independent Chairman||8.2yrs||CA$205.00k||0.011% CA$444.4k|
Experienced Board: BYD.UN's board of directors are considered experienced (7.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BYD.UN insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Boyd Group Services Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Boyd Group Services Inc.
- Ticker: BYD.UN
- Exchange: TSX
- Founded: 1990
- Industry: Diversified Support Services
- Sector: Commercial Services
- Market Cap: CA$4.014b
- Shares outstanding: 19.87m
- Website: https://www.boydgroup.com
Number of Employees
- Boyd Group Services Inc.
- 1745 Ellice Avenue
- Unit C1
- R3H 1A6
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BYD.UN||TSX (The Toronto Stock Exchange)||Yes||Fund Units||CA||CAD||Nov 1999|
|BFGI.F||OTCPK (Pink Sheets LLC)||Yes||Fund Units||US||USD||Nov 1999|
Boyd Group Income Fund operates as an unincorporated open-ended mutual fund trust. The company, through its operating company, The Boyd Group Inc., operates non-franchised collision repair centers. Its collision repair centers offer automotive collision and glass repair/replacement, and related services. The company operates non-franchised collision repair centers, as well as auto glass retail facilities under the Boyd Autobody & Glass, Assured Automotive, Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly.com trade names in the United States and Canada. Further, it provides Gerber National Claim Services, a claim administrator service, which offers glass, emergency roadside, and first notice of loss services with approximately 5,500 glass provider locations and 4,600 emergency roadside services providers. The company was founded in 2002 and is headquartered in Winnipeg, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/01/03 00:07|
|End of Day Share Price||2019/12/31 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.