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BYD

Boyd Group Services TSX:BYD Stock Report

Last Price

CA$190.99

Market Cap

CA$4.1b

7D

-0.8%

1Y

-22.3%

Updated

17 Aug, 2022

Data

Company Financials +
BYD fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance1/6
Financial Health1/6
Dividends0/6

BYD Stock Overview

Boyd Group Services Inc., together with its subsidiaries, operates non-franchised collision repair centers in North America.

Boyd Group Services Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Boyd Group Services
Historical stock prices
Current Share PriceCA$190.99
52 Week HighCA$267.00
52 Week LowCA$117.48
Beta1.15
1 Month Change29.04%
3 Month Change29.25%
1 Year Change-22.32%
3 Year Change10.91%
5 Year Change106.08%
Change since IPO7,857.92%

Recent News & Updates

Jul 29
Estimating The Intrinsic Value Of Boyd Group Services Inc. (TSE:BYD)

Estimating The Intrinsic Value Of Boyd Group Services Inc. (TSE:BYD)

In this article we are going to estimate the intrinsic value of Boyd Group Services Inc. ( TSE:BYD ) by taking the...

Shareholder Returns

BYDCA Commercial ServicesCA Market
7D-0.8%2.1%1.5%
1Y-22.3%-17.6%2.1%

Return vs Industry: BYD underperformed the Canadian Commercial Services industry which returned -18.4% over the past year.

Return vs Market: BYD underperformed the Canadian Market which returned 2.1% over the past year.

Price Volatility

Is BYD's price volatile compared to industry and market?
BYD volatility
BYD Average Weekly Movement7.8%
Commercial Services Industry Average Movement7.9%
Market Average Movement10.6%
10% most volatile stocks in CA Market18.9%
10% least volatile stocks in CA Market4.2%

Stable Share Price: BYD is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: BYD's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199010,145Tim O'Dayhttps://www.boydgroup.com

Boyd Group Services Inc., together with its subsidiaries, 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 Gerber Collision & Glass name in the United States. It also operates as a retail auto glass operator under the Gerber Collision & Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly.com names in the United States.

Boyd Group Services Fundamentals Summary

How do Boyd Group Services's earnings and revenue compare to its market cap?
BYD fundamental statistics
Market CapCA$4.10b
Earnings (TTM)CA$26.16m
Revenue (TTM)CA$2.81b

156.8x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BYD income statement (TTM)
RevenueUS$2.18b
Cost of RevenueUS$1.21b
Gross ProfitUS$962.02m
Other ExpensesUS$941.78m
EarningsUS$20.24m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.94
Gross Margin44.21%
Net Profit Margin0.93%
Debt/Equity Ratio52.5%

How did BYD perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

47%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is BYD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BYD?

Other financial metrics that can be useful for relative valuation.

BYD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.9x
Enterprise Value/EBITDA31x
PEG Ratio1.7x

Price to Sales Ratio vs Peers

How does BYD's PS Ratio compare to its peers?

BYD PS Ratio vs Peers
The above table shows the PS ratio for BYD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.2x
GDI GDI Integrated Facility Services
0.6x6.1%CA$1.2b
CGY Calian Group
1.3x16.2%CA$707.9m
DXT Dexterra Group
0.5x9.0%CA$395.2m
EINC E Automotive
2.6x26.2%CA$327.1m
BYD Boyd Group Services
1.5x12.7%CA$4.1b

Price-To-Sales vs Peers: BYD is expensive based on its Price-To-Sales Ratio (1.5x) compared to the peer average (1.2x).


Price to Earnings Ratio vs Industry

How does BYD's PE Ratio compare vs other companies in the CA Commercial Services Industry?

Price-To-Sales vs Industry: BYD is expensive based on its Price-To-Sales Ratio (1.5x) compared to the Canadian Commercial Services industry average (1.4x)


Price to Sales Ratio vs Fair Ratio

What is BYD's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BYD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.5x
Fair PS Ratio3.1x

Price-To-Sales vs Fair Ratio: BYD is good value based on its Price-To-Sales Ratio (1.5x) compared to the estimated Fair Price-To-Sales Ratio (3.1x).


Share Price vs Fair Value

What is the Fair Price of BYD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BYD (CA$190.99) is trading above our estimate of fair value (CA$162.89)

Significantly Below Fair Value: BYD is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Boyd Group Services forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


89.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BYD's forecast earnings growth (89.7% per year) is above the savings rate (1.6%).

Earnings vs Market: BYD's earnings (89.7% per year) are forecast to grow faster than the Canadian market (7.8% per year).

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

Revenue vs Market: BYD's revenue (12.7% per year) is forecast to grow faster than the Canadian market (6.5% 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


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Past Performance

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

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-9.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BYD has high quality earnings.

Growing Profit Margin: BYD's current net profit margins (0.9%) are lower than last year (3%).


Past Earnings Growth Analysis

Earnings Trend: BYD's earnings have declined by 9.4% per year over the past 5 years.

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 (-59.8%) over the past year, making it difficult to compare to the Commercial Services industry average (-25.9%).


Return on Equity

High ROE: BYD's Return on Equity (2.8%) is considered low.


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Financial Health

How is Boyd Group Services's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BYD's short term assets ($271.0M) do not cover its short term liabilities ($406.4M).

Long Term Liabilities: BYD's short term assets ($271.0M) do not cover its long term liabilities ($951.0M).


Debt to Equity History and Analysis

Debt Level: BYD's net debt to equity ratio (48.7%) is considered high.

Reducing Debt: BYD's debt to equity ratio has increased from 51.9% to 52.5% over the past 5 years.

Debt Coverage: BYD's debt is well covered by operating cash flow (52.1%).

Interest Coverage: BYD's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.30%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BYD's dividend (0.3%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.85%).

High Dividend: BYD's dividend (0.3%) is low compared to the top 25% of dividend payers in the Canadian market (5.28%).


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.


Earnings Payout to Shareholders

Earnings Coverage: BYD is not paying a notable dividend for the Canadian market.


Cash Payout to Shareholders

Cash Flow Coverage: BYD is not paying a notable dividend for the Canadian market.


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Management

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

5.6yrs

Average management tenure


CEO

Tim O'Day (63 yo)

5.58yrs

Tenure

US$1,816,867

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD1.82M) is below average for companies of similar size in the Canadian market ($USD3.48M).

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


Leadership Team

Experienced Management: BYD's management team is seasoned and experienced (5.6 years average tenure).


Board Members

Experienced Board: BYD's board of directors are considered experienced (7.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: BYD insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Boyd Group Services Inc.'s 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
  • Implied Market Cap: CA$4.101b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/17 00:00
End of Day Share Price2022/08/17 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.