Boyd Group Services
Market Cap
CA$4.9b
Last Updated
2021/01/24 00:03 UTC
Data Sources
Company Financials +
Executive Summary
Boyd Group Services Inc. operates non-franchised collision repair centers in North America. More Details
Rewards
Risk Analysis
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
| BYD | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.5% | 2.9% | -0.2% |
| 30 Day | 1.0% | 6.9% | 2.7% |
| 90 Day | 16.6% | 27.3% | 12.5% |
| 1 Year | 5.9%5.6% | 27.4%25.7% | 5.2%1.5% |
| 3 Year | 122.8%120.4% | 71.8%61.9% | 13.5%2.7% |
| 5 Year | 267.9%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
1 week ago | Simply Wall St
Should You Use Boyd Group Services's (TSE:BYD) Statutory Earnings To Analyse It?4 weeks ago | Simply Wall St
Does Boyd Group Services (TSE:BYD) Have A Healthy Balance Sheet?1 month ago | Simply Wall St
Is There An Opportunity With Boyd Group Services Inc.'s (TSE:BYD) 39% Undervaluation?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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chair | 1yr | CA$2.73m | 0.16% CA$ 7.8m | |
| CEO, President & Director | 1yr | CA$1.58m | 0.19% CA$ 9.3m | |
| Executive VP | 6yrs | CA$1.41m | no data | |
| Chief Operating Officer of U.S. Collision | no data | CA$958.30k | no data | |
| Chief Operating Officer of Canadian Operatons | 1yr | no data | 0.23% CA$ 11.4m | |
| Vice President of Corporate Development | 6yrs | no data | no data | |
| CEO of Glass America & Gerber National Claim Services | 5.92yrs | CA$526.60k | 0.46% CA$ 22.4m | |
| President of True2Form Collision Repair Centers | 10.5yrs | CA$557.17k | no data | |
| Chief Executive Officer of Assured Automotive Inc. | no data | no data | no data |
6.0yrs
Average Tenure
61yo
Average Age
Experienced Management: BYD's management team is seasoned and experienced (6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chair | 1yr | CA$2.73m | 0.16% CA$ 7.8m | |
| CEO, President & Director | 1yr | CA$1.58m | 0.19% CA$ 9.3m | |
| Independent Director | 8.17yrs | CA$148.60k | 0.024% CA$ 1.2m | |
| Independent Director | 5.67yrs | CA$159.88k | 0.023% CA$ 1.1m | |
| Independent Director | 8.58yrs | CA$127.00k | 0.025% CA$ 1.2m | |
| Independent Director | 3.67yrs | CA$112.00k | 0.0036% CA$ 178.1k | |
| Independent Chairman | no data | CA$212.00k | 0.0037% CA$ 183.0k | |
| Independent Director | 0.58yr | no data | no data | |
| Independent Director | 0.58yr | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BYD | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Nov 1999 |
| BYDG.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Nov 1999 |
| 3YT | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Nov 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/24 00:03 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.