Boyd Group Services Inc.

TSX:BYD Stock Report

Market Cap: CA$3.9b

Boyd Group Services Future Growth

Future criteria checks 4/6

Boyd Group Services is forecast to grow earnings and revenue by 89.5% and 12.1% per annum respectively while EPS is expected to grow by 85.6% per annum.

Key information

89.5%

Earnings growth rate

85.60%

EPS growth rate

Commercial Services earnings growth30.6%
Revenue growth rate12.1%
Future return on equityn/a
Analyst coverage

Good

Last updated15 May 2026

Recent future growth updates

Recent updates

Narrative Update • Apr 15

BYD: Future Upside Will Rely On Reset P/E Expectations

Analysts have lowered their CA$ price target on Boyd Group Services by about CA$16, citing updated assumptions for fair value, discount rates, revenue growth, profit margins and future P/E expectations, as reflected in recent research from firms such as Stephens and Goldman Sachs. Analyst Commentary Recent research reports have focused on resetting price targets for Boyd Group Services after revisiting assumptions around fair value, discount rates, revenue growth, profit margins and future P/E expectations.
New Narrative • Apr 15

Project 360 And Synergies Will Support Stronger Margins And Long Term Expansion

Catalysts About Boyd Group Services Boyd Group Services operates collision repair centers across North America, serving insurance carriers and vehicle owners through a large network of locations. What are the underlying business or industry changes driving this perspective?
Narrative Update • Mar 10

BYD: Future Upside Will Rely On Outperform Reaffirmation And Dividend Support

Analysts have adjusted their CA$264 price target on Boyd Group Services only marginally. The change reflects updated assumptions around discount rate, revenue growth, profit margin and future P/E, while maintaining a broadly consistent view of value following recent research coverage resumptions with Outperform ratings.
Narrative Update • Feb 24

BYD: Future Upside Will Rely On Outperform Rating And Dividend Support

Analysts nudged their price target for Boyd Group Services higher to about CA$272 from roughly CA$269, reflecting updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E, following recent research that resumed coverage with an Outperform rating and a CA$264 target. Analyst Commentary Recent research coverage on Boyd Group Services has centered on the resumed Outperform rating and the CA$264 price target, which feeds directly into the updated fair value work and revised price objective near CA$272.
Narrative Update • Feb 09

BYD: Future Upside Will Rely On Steady Execution And Dividend Support

Analysts have trimmed their price target on Boyd Group Services from C$272.60 to C$269.29. This reflects updated assumptions for growth, profitability and discount rates while keeping an Outperform view in place.
Narrative Update • Jan 26

BYD: Future Upside Will Be Driven By Premium Earnings Execution Confidence

The analyst price target for Boyd Group Services has been nudged higher to C$272.60, with analysts pointing to refreshed DCF inputs, a modestly adjusted discount rate, and updated revenue growth, margin, and future P/E assumptions as key drivers of the change. Analyst Commentary Recent Street research on Boyd Group Services has clustered around higher price targets and positive ratings, with several bullish analysts refining their models rather than changing their overall stance on the company.
Narrative Update • Jan 08

BYD: Future Upside Will Be Driven By Tightening Premium Earnings Range

Analysts have inched their average price targets for Boyd Group Services higher into roughly the C$275 to C$291 range, reflecting updated views on fair value, discount rates and profit expectations after a series of upward target revisions across major firms. Analyst Commentary Recent research updates cluster in a narrow C$275 to C$291 band, with several firms lifting their targets in quick succession.
Narrative Update • Dec 17

BYD: Future Upside Will Be Driven By Expanding Premium Earnings Multiple

Our price target for Boyd Group Services has been modestly raised to C$270.73 from C$273.50. Analysts remain broadly constructive following a series of upward Street target revisions, balancing slightly higher discount rate assumptions against continued expectations for robust revenue growth, stable margins, and a richer forward valuation multiple.
Narrative Update • Dec 03

BYD: Future Upside Will Be Driven By Sustained Premium Earnings Multiples

Our updated narrative on Boyd Group Services reflects a modestly higher analyst price target, rising across the Street into the mid to high C$270s and low C$290s, as analysts cite sustained revenue growth, stable margins, and confidence in forward earnings multiples. Analyst Commentary Bullish analysts highlight the cluster of price target increases into the C$275 to C$291 range as evidence of rising confidence in Boyd Group Services underlying growth trajectory and earnings durability.
Analysis Article • Nov 20

There May Be Reason For Hope In Boyd Group Services' (TSE:BYD) Disappointing Earnings

Shareholders appeared unconcerned with Boyd Group Services Inc.'s ( TSE:BYD ) lackluster earnings report last week. We...
Narrative Update • Nov 19

BYD: Upward Momentum Will Continue With Strengthened Business Performance

Analysts have raised their price targets for Boyd Group Services, increasing estimates from approximately C$272 to a range between C$275 and C$291. This change has been driven by expectations for stronger revenue growth and overall business performance.
Narrative Update • Nov 04

BYD: Upcoming Equity Offering And Store Expansion Will Drive Market Share Gains

The analyst price target for Boyd Group Services was recently increased from C$263.83 to C$273.77. Analysts pointed to stronger revenue growth expectations and modest improvements in valuation metrics to support the higher target.
Analysis Article • Oct 16

Returns On Capital At Boyd Group Services (TSE:BYD) Have Hit The Brakes

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
Analysis Article • Sep 30

Is Boyd Group Services Inc. (TSE:BYD) Trading At A 35% Discount?

Key Insights Using the 2 Stage Free Cash Flow to Equity, Boyd Group Services fair value estimate is CA$364 Boyd Group...
Narrative Update • Sep 05

New Sites And Cost Savings Will Expand Vehicle Repair Market

Despite the consensus analyst price target remaining unchanged at CA$263.83, Boyd Group Services' future P/E ratio has risen sharply, indicating higher market growth expectations or a premium valuation. Valuation Changes Summary of Valuation Changes for Boyd Group Services The Consensus Analyst Price Target remained effectively unchanged, at CA$263.83.
Analysis Article • Jun 17

Returns On Capital At Boyd Group Services (TSE:BYD) Paint A Concerning Picture

What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...
Analysis Article • May 09

Here's Why Boyd Group Services (TSE:BYD) Has A Meaningful Debt Burden

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analysis Article • Mar 27

There May Be Reason For Hope In Boyd Group Services' (TSE:BYD) Disappointing Earnings

The most recent earnings report from Boyd Group Services Inc. ( TSE:BYD ) was disappointing for shareholders. However...
Analysis Article • Mar 13

Boyd Group Services Inc. (TSE:BYD) Doing What It Can To Lift Shares

It's not a stretch to say that Boyd Group Services Inc.'s ( TSE:BYD ) price-to-sales (or "P/S") ratio of 1.1x right now...
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New Narrative • Feb 06

Expansion With Greenfield Locations And Internalizing Services Will Strengthen Future Performance

Boyd's expansion through new locations and internalizing services is expected to support long-term revenue growth and improve gross profit margins.
Analysis Article • Nov 21

We Think Boyd Group Services (TSE:BYD) Is Taking Some Risk With Its Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Nov 08

Returns On Capital Signal Tricky Times Ahead For Boyd Group Services (TSE:BYD)

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...
Analysis Article • Aug 11

Boyd Group Services Inc. Just Missed Earnings - But Analysts Have Updated Their Models

Boyd Group Services Inc. ( TSE:BYD ) shareholders are probably feeling a little disappointed, since its shares fell...
Analysis Article • Aug 05

Boyd Group Services Inc.'s (TSE:BYD) Business Is Trailing The Market But Its Shares Aren't

Boyd Group Services Inc.'s ( TSE:BYD ) price-to-earnings (or "P/E") ratio of 47.4x might make it look like a strong...
Analysis Article • Jun 29

Boyd Group Services (TSE:BYD) Seems To Use Debt Quite Sensibly

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analysis Article • Jun 08

What Does Boyd Group Services Inc.'s (TSE:BYD) Share Price Indicate?

Boyd Group Services Inc. ( TSE:BYD ), is not the largest company out there, but it saw significant share price movement...
Analysis Article • May 09

Here's Why Shareholders May Consider Paying Boyd Group Services Inc.'s (TSE:BYD) CEO A Little More

Key Insights Boyd Group Services' Annual General Meeting to take place on 15th of May Salary of US$785.0k is part of...
Analysis Article • Apr 30

Some Confidence Is Lacking In Boyd Group Services Inc.'s (TSE:BYD) P/E

When close to half the companies in Canada have price-to-earnings ratios (or "P/E's") below 13x, you may consider Boyd...
Analysis Article • Apr 19

A Look At The Intrinsic Value Of Boyd Group Services Inc. (TSE:BYD)

Key Insights Boyd Group Services' estimated fair value is CA$329 based on 2 Stage Free Cash Flow to Equity Current...
Analysis Article • Mar 28

We Think Boyd Group Services' (TSE:BYD) Robust Earnings Are Conservative

Even though Boyd Group Services Inc. ( TSE:BYD ) posted strong earnings, investors appeared to be underwhelmed. Our...

Earnings and Revenue Growth Forecasts

TSX:BYD - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20284,825N/AN/A6743
12/31/20274,49611445658814
12/31/20264,1326439350914
3/31/20263,36113347408N/A
12/31/20253,14318291353N/A
9/30/20253,10116289354N/A
6/30/20253,0638252322N/A
3/31/20253,06214225301N/A
12/31/20243,07025233313N/A
9/30/20243,05841253329N/A
6/30/20243,04459256326N/A
3/31/20243,01874289355N/A
12/31/20232,94687298358N/A
9/30/20232,84382239289N/A
6/30/20232,73173285332N/A
3/31/20232,59160248289N/A
12/31/20222,43241231264N/A
9/30/20222,31132228270N/A
6/30/20222,17620167201N/A
3/31/20222,00817159194N/A
12/31/20211,87324160197N/A
9/30/20211,76035190222N/A
6/30/20211,65250210240N/A
3/31/20211,51535199226N/A
12/31/20201,56144205231N/A
9/30/20201,59739209238N/A
6/30/20201,62333191221N/A
3/31/20201,68547203230N/A
12/31/20191,75849N/A228N/A
9/30/20191,65560N/A210N/A
6/30/20191,59262N/A181N/A
3/31/20191,47460N/A167N/A
12/31/20181,36657N/A140N/A
9/30/20181,38155N/A131N/A
6/30/20181,30656N/A125N/A
3/31/20181,27548N/A104N/A
12/31/20171,24846N/A95N/A
9/30/20171,21435N/A86N/A
6/30/20171,13323N/A82N/A
3/31/20171,06534N/A78N/A
12/31/20161,03323N/A68N/A
9/30/20161,02115N/A64N/A
6/30/2016998-5N/A66N/A
3/31/2016958-10N/A51N/A
12/31/2015846-16N/A59N/A
9/30/2015822-22N/A46N/A
6/30/2015816-2N/A48N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BYD's forecast earnings growth (89.5% per year) is above the savings rate (3%).

Earnings vs Market: BYD's earnings (89.5% per year) are forecast to grow faster than the Canadian market (10.7% per year).

High Growth Earnings: BYD's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BYD's revenue (12.1% per year) is forecast to grow faster than the Canadian market (4.6% per year).

High Growth Revenue: BYD's revenue (12.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if BYD's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/18 03:34
End of Day Share Price 2026/05/15 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Boyd Group Services Inc. is covered by 19 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christopher MurrayATB Cormark
Tamy ChenBMO Capital Markets Equity Research
Tristan Thomas-MartinBMO Capital Markets Equity Research