Biglari Holdings Inc., through its subsidiaries, primarily operates and franchises restaurants in the United States.
Undervalued with adequate balance sheet.
Share Price & News
How has Biglari Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BH.A has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: BH.A underperformed the US Hospitality industry which returned -44.6% over the past year.
Return vs Market: BH.A underperformed the US Market which returned -10.4% over the past year.
Price Volatility Vs. Market
How volatile is Biglari Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall StWhat Is Biglari Holdings's (NYSE:BH.A) P/E Ratio After Its Share Price Tanked?
2 weeks ago | Simply Wall StHow Does Biglari Holdings's (NYSE:BH.A) P/E Compare To Its Industry, After The Share Price Drop?
1 month ago | Simply Wall StDoes Biglari Holdings Inc.'s (NYSE:BH.A) P/E Ratio Signal A Buying Opportunity?
Is Biglari Holdings 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: BH.A ($300) is trading below our estimate of fair value ($9109.93)
Significantly Below Fair Value: BH.A is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BH.A is good value based on its PE Ratio (2.3x) compared to the Hospitality industry average (11.9x).
PE vs Market: BH.A is good value based on its PE Ratio (2.3x) compared to the US market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BH.A's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BH.A is good value based on its PB Ratio (0.3x) compared to the US Hospitality industry average (1.3x).
How is Biglari Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Consumer Services industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Biglari Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether Biglari Holdings is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Biglari Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Services industry.
How has Biglari Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BH.A has a large one-off gain of $61.6M impacting its December 31 2019 financial results.
Growing Profit Margin: BH.A's current net profit margins (6.8%) are higher than last year (2.4%).
Past Earnings Growth Analysis
Earnings Trend: BH.A's earnings have declined by -15.9% per year over the past 5 years.
Accelerating Growth: BH.A's earnings growth over the past year (134%) exceeds its 5-year average (-15.9% per year).
Earnings vs Industry: BH.A earnings growth over the past year (134%) exceeded the Hospitality industry 1.6%.
Return on Equity
High ROE: BH.A's Return on Equity (7.4%) is considered low.
How is Biglari Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: BH.A's short term assets ($145.4M) exceed its short term liabilities ($139.8M).
Long Term Liabilities: BH.A's short term assets ($145.4M) do not cover its long term liabilities ($383.2M).
Debt to Equity History and Analysis
Debt Level: BH.A's debt to equity ratio (29.2%) is considered satisfactory.
Reducing Debt: BH.A's debt to equity ratio has reduced from 30% to 29.2% over the past 5 years.
Debt Coverage: BH.A's debt is well covered by operating cash flow (52%).
Interest Coverage: BH.A's interest payments on its debt are not well covered by EBIT (0.7x coverage).
Inventory Level: BH.A has a high level of physical assets or inventory.
Debt Coverage by Assets: BH.A's debt is not covered by short term assets (assets are 0.8x debt).
What is Biglari Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BH.A's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate BH.A's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BH.A's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BH.A's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BH.A's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Sardar Biglari (41yo)
Mr. Sardar Biglari, CFA, serves as the Principal, Chairman of the Board of Directors and Chief Executive Officer of Biglari Capital Corp. since its inception in 2000. Mr. Biglari serves as an Editor-in-Chi ...
CEO Compensation Analysis
Compensation vs Market: Sardar's total compensation ($USD900.00K) is below average for companies of similar size in the US market ($USD1.49M).
Compensation vs Earnings: Sardar's compensation has been consistent with company performance over the past year.
|Chairman & CEO||10.17yrs||US$900.00k||0.00016% $264.0|
|Independent Director||7.58yrs||US$70.00k||0.016% $26.3k|
|Independent Director||18.17yrs||US$70.00k||0.025% $40.7k|
|Vice Chairman of the Board||10.83yrs||US$252.50k||0.36% $594.9k|
|Independent Director||9.42yrs||US$80.00k||0.015% $25.5k|
|Director||0.42yr||no data||no data|
Experienced Board: BH.A's board of directors are seasoned and experienced ( 10.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Biglari Holdings Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Biglari Holdings Inc.
- Ticker: BH.A
- Exchange: NYSE
- Founded: 1934
- Industry: Restaurants
- Sector: Consumer Services
- Market Cap: US$164.974m
- Shares outstanding: 620.59k
- Website: https://www.biglariholdings.com
Number of Employees
- Biglari Holdings Inc.
- 17802 IH 10 West
- Suite 400
- San Antonio
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BH||NYSE (New York Stock Exchange)||Class B Common Stock||US||USD||May 2018|
|BH.A||NYSE (New York Stock Exchange)||Yes||Class A common stock||US||USD||May 2018|
Biglari Holdings Inc., through its subsidiaries, primarily operates and franchises restaurants in the United States. The company owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. As of December 31, 2019, it operated 368 Steak n Shake company-operated restaurants and 213 franchised units; and 4 Western Sizzlin company-operated restaurants and 48 franchised units. The company also engages in underwriting commercial trucking insurance, and selling physical damage and non-trucking liability insurance to truckers; and operates oil and natural gas properties offshore in the Gulf of Mexico. In addition, it publishes and sells magazines, and related publishing products under the MAXIM and Maxim brand name; and licenses media products and services, as well as is involved in the investment activities. The company was formerly known as The Steak n Shake Company and changed its name to Biglari Holdings Inc. in April 2010. Biglari Holdings Inc. was founded in 1934 and is based in San Antonio, Texas.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 03:31|
|End of Day Share Price||2020/03/30 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.