TSX:BYD

Stock Analysis Report

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Executive Summary

Boyd Group Services Inc. operates non-franchised collision repair centers in North America. More Details


Snowflake Analysis

Reasonable growth potential with mediocre balance sheet.

Share Price & News

How has Boyd Group Services's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BYD is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BYD's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

3.5%

BYD

2.9%

CA Commercial Services

-0.2%

CA Market


1 Year Return

5.6%

BYD

25.7%

CA Commercial Services

1.5%

CA Market

Return vs Industry: BYD underperformed the Canadian Commercial Services industry which returned 25.7% over the past year.

Return vs Market: BYD exceeded the Canadian Market which returned 1.5% over the past year.


Shareholder returns

BYDIndustryMarket
7 Day3.5%2.9%-0.2%
30 Day1.0%6.9%2.7%
90 Day16.6%27.3%12.5%
1 Year5.9%5.6%27.4%25.7%5.2%1.5%
3 Year122.8%120.4%71.8%61.9%13.5%2.7%
5 Year267.9%259.7%147.7%123.4%60.0%35.5%

Long-Term Price Volatility Vs. Market

How volatile is Boyd Group Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Boyd Group Services undervalued compared to its fair value and its price relative to the market?

45.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BYD (CA$228.48) is trading below our estimate of fair value (CA$422.51)

Significantly Below Fair Value: BYD is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BYD is poor value based on its PE Ratio (92.5x) compared to the CA Commercial Services industry average (31.1x).

PE vs Market: BYD is poor value based on its PE Ratio (92.5x) compared to the Canadian market (16.8x).


Price to Earnings Growth Ratio

PEG Ratio: BYD is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: BYD is overvalued based on its PB Ratio (5.4x) compared to the CA Commercial Services industry average (2.3x).


Next Steps

Future Growth

How is Boyd Group Services forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

49.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BYD's forecast earnings growth (49.8% per year) is above the savings rate (1.5%).

Earnings vs Market: BYD's earnings (49.8% per year) are forecast to grow faster than the Canadian market (26.2% per year).

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

Revenue vs Market: BYD's revenue (12.7% per year) is forecast to grow faster than the Canadian market (8% per year).

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


Next Steps

Past Performance

How has Boyd Group Services performed over the past 5 years?

36.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BYD has high quality earnings.

Growing Profit Margin: BYD's current net profit margins (2.4%) are lower than last year (3.6%).


Past Earnings Growth Analysis

Earnings Trend: BYD has become profitable over the past 5 years, growing earnings by 36.4% per year.

Accelerating Growth: BYD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BYD had negative earnings growth (-36%) over the past year, making it difficult to compare to the Commercial Services industry average (11.6%).


Return on Equity

High ROE: BYD's Return on Equity (5.6%) is considered low.


Next Steps

Financial Health

How is Boyd Group Services's financial position?


Financial Position Analysis

Short Term Liabilities: BYD's short term assets (CA$313.8M) do not cover its short term liabilities (CA$394.4M).

Long Term Liabilities: BYD's short term assets (CA$313.8M) do not cover its long term liabilities (CA$738.5M).


Debt to Equity History and Analysis

Debt Level: BYD's debt to equity ratio (30.8%) is considered satisfactory.

Reducing Debt: BYD's debt to equity ratio has reduced from 77.2% to 30.8% over the past 5 years.

Debt Coverage: BYD's debt is well covered by operating cash flow (112.6%).

Interest Coverage: BYD's interest payments on its debt are not well covered by EBIT (2.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Boyd Group Services's current dividend yield, its reliability and sustainability?

0.25%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BYD's dividend (0.25%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.55%).

High Dividend: BYD's dividend (0.25%) is low compared to the top 25% of dividend payers in the Canadian market (4.91%).


Stability and Growth of Payments

Stable Dividend: BYD is not paying a notable dividend for the Canadian market, therefore no need to check if payments are stable.

Growing Dividend: BYD 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 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's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.0yrs

Average management tenure


CEO

Tim O'Day (61 yo)

1

Tenure

CA$1,579,123

Compensation

Mr. Timothy O'Day, also known as Tim, has been the Chief Executive Officer of Boyd Group Services Inc. (Boyd Group Income Fund) since January 2, 2020 and its President since January 04, 2017. Mr. O'Day ser...


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD1.24M) is below average for companies of similar size in the Canadian market ($USD3.03M).

Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Brock Bulbuck
Executive Chair1yrCA$2.73m0.16%
CA$ 7.8m
Timothy O'Day
CEO, President & Director1yrCA$1.58m0.19%
CA$ 9.3m
Narendra Pathipati
Executive VP6yrsCA$1.41mno data
Kevin Burnett
Chief Operating Officer of U.S. Collisionno dataCA$958.30kno data
Antonio Canade
Chief Operating Officer of Canadian Operatons1yrno data0.23%
CA$ 11.4m
Stephen Boyd
Vice President of Corporate Development6yrsno datano data
Eddie Cheskis
CEO of Glass America & Gerber National Claim Services5.92yrsCA$526.60k0.46%
CA$ 22.4m
Rex Dunn
President of True2Form Collision Repair Centers10.5yrsCA$557.17kno data
Desmond D'Silva
Chief Executive Officer of Assured Automotive Inc.no datano datano data

6.0yrs

Average Tenure

61yo

Average Age

Experienced Management: BYD's management team is seasoned and experienced (6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Brock Bulbuck
Executive Chair1yrCA$2.73m0.16%
CA$ 7.8m
Timothy O'Day
CEO, President & Director1yrCA$1.58m0.19%
CA$ 9.3m
Robert Gross
Independent Director8.17yrsCA$148.60k0.024%
CA$ 1.2m
Sally Savoia
Independent Director5.67yrsCA$159.88k0.023%
CA$ 1.1m
David Brown
Independent Director8.58yrsCA$127.00k0.025%
CA$ 1.2m
Violet A. Konkle
Independent Director3.67yrsCA$112.00k0.0036%
CA$ 178.1k
Allan Davis
Independent Chairmanno dataCA$212.00k0.0037%
CA$ 183.0k
John Hartmann
Independent Director0.58yrno datano data
William Onuwa
Independent Director0.58yrno datano data

4.7yrs

Average Tenure

61yo

Average Age

Experienced Board: BYD's board of directors are considered experienced (4.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BYD insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.3%.


Top Shareholders

Company Information

Boyd Group Services Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Boyd Group Services Inc.
  • Ticker: BYD
  • Exchange: TSX
  • Founded: 1990
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Market Cap: CA$4.906b
  • Shares outstanding: 21.47m
  • Website: https://www.boydgroup.com

Number of Employees


Location

  • Boyd Group Services Inc.
  • 1745 Ellice Avenue
  • Unit C1
  • Winnipeg
  • Manitoba
  • R3H 1A6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BYDTSX (The Toronto Stock Exchange)YesCommon SharesCACADNov 1999
BYDG.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 1999
3YTDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 1999

Biography

Boyd Group Services Inc. operates non-franchised collision repair centers in North America. The company operates its locations under the Boyd Autobody & Glass and Assured Automotive names in Canada; and Ge...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/24 00:03
End of Day Share Price2021/01/22 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.