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BH.A

Biglari Holdings NYSE:BH.A Stock Report

Last Price

US$595.85

Market Cap

US$377.8m

7D

10.3%

1Y

-23.5%

Updated

29 Jun, 2022

Data

Company Financials
BH.A fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

BH.A Stock Overview

Biglari Holdings Inc., through its subsidiaries, primarily operates and franchises restaurants in the United States.

Biglari Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Biglari Holdings
Historical stock prices
Current Share PriceUS$595.85
52 Week HighUS$901.00
52 Week LowUS$540.33
Beta1.99
1 Month Change-10.40%
3 Month Change-18.38%
1 Year Change-23.51%
3 Year Change17.29%
5 Year Changen/a
Change since IPO-49.31%

Recent News & Updates

Nov 03
Biglari Holdings (NYSE:BH.A) Is Experiencing Growth In Returns On Capital

Biglari Holdings (NYSE:BH.A) Is Experiencing Growth In Returns On Capital

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...

Shareholder Returns

BH.AUS HospitalityUS Market
7D10.3%1.2%1.6%
1Y-23.5%-32.1%-20.8%

Return vs Industry: BH.A exceeded the US Hospitality industry which returned -29.5% over the past year.

Return vs Market: BH.A underperformed the US Market which returned -20.4% over the past year.

Price Volatility

Is BH.A's price volatile compared to industry and market?
BH.A volatility
BH.A Average Weekly Movement6.3%
Hospitality Industry Average Movement9.4%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: BH.A is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: BH.A's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19342,633Sardar Biglarihttps://www.biglariholdings.com

Biglari Holdings Inc., through its subsidiaries, primarily operates and franchises restaurants in the United States. It owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. As of December 31, 2021, it operated 199 Steak n Shake company-operated restaurants, 159 franchise partner units, and 178 traditional franchise units, as well as 3 Western Sizzlin company-operated restaurants and 38 franchised units.

Biglari Holdings Fundamentals Summary

How do Biglari Holdings's earnings and revenue compare to its market cap?
BH.A fundamental statistics
Market CapUS$377.81m
Earnings (TTM)-US$36.53m
Revenue (TTM)US$357.19m

1.0x

P/S Ratio

-10.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BH.A income statement (TTM)
RevenueUS$357.19m
Cost of RevenueUS$171.85m
Gross ProfitUS$139.62m
Other ExpensesUS$176.14m
Earnings-US$36.53m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-58.86
Gross Margin39.09%
Net Profit Margin-10.23%
Debt/Equity Ratio0%

How did BH.A perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BH.A?

Other financial metrics that can be useful for relative valuation.

BH.A 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/Revenue1x
Enterprise Value/EBITDA5.8x
PEG Ration/a

Price to Sales Ratio vs Peers

How does BH.A's PS Ratio compare to its peers?

BH.A PS Ratio vs Peers
The above table shows the PS ratio for BH.A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.9x
DENN Denny's
1.3x3.1%US$551.1m
CHUY Chuy's Holdings
0.9x10.3%US$372.0m
LOCO El Pollo Loco Holdings
0.8x5.6%US$360.2m
FRGI Fiesta Restaurant Group
0.5x7.6%US$182.6m
BH.A Biglari Holdings
1xn/aUS$377.8m

Price-To-Sales vs Peers: BH.A is expensive based on its Price-To-Sales Ratio (1x) compared to the peer average (0.9x).


Price to Earnings Ratio vs Industry

How does BH.A's PE Ratio compare vs other companies in the US Hospitality Industry?

Price-To-Sales vs Industry: BH.A is good value based on its Price-To-Sales Ratio (1x) compared to the US Hospitality industry average (1.6x)


Price to Sales Ratio vs Fair Ratio

What is BH.A'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.

BH.A PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate BH.A's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: BH.A ($595.85) is trading below our estimate of fair value ($1175.11)

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


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BH.A's PEG Ratio to determine if it is good value.


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Future Growth

How is Biglari Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


33.2%

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.


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  • 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.

Past Performance

How has Biglari Holdings performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-5.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BH.A is currently unprofitable.

Growing Profit Margin: BH.A is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BH.A is unprofitable, and losses have increased over the past 5 years at a rate of 5.7% per year.

Accelerating Growth: Unable to compare BH.A's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BH.A is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (119.6%).


Return on Equity

High ROE: BH.A has a negative Return on Equity (-6.22%), as it is currently unprofitable.


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Financial Health

How is Biglari Holdings's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BH.A's short term assets ($167.8M) exceed its short term liabilities ($143.1M).

Long Term Liabilities: BH.A's short term assets ($167.8M) exceed its long term liabilities ($155.4M).


Debt to Equity History and Analysis

Debt Level: BH.A is debt free.

Reducing Debt: BH.A has no debt compared to 5 years ago when its debt to equity ratio was 35.7%.

Debt Coverage: BH.A has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: BH.A has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Biglari Holdings'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

  • Future Dividend Coverage

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 recent 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 recent 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.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BH.A has not reported any payouts.


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Management

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

13.0yrs

Average board tenure


CEO

Sardar Biglari (43 yo)

12.42yrs

Tenure

US$900,000

Compensation

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 ($USD900.00K) is below average for companies of similar size in the US market ($USD2.81M).

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


Board Members

Experienced Board: BH.A's board of directors are seasoned and experienced ( 13 years average tenure).


Ownership

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

Ownership Breakdown

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


Top Shareholders

Company Information

Biglari Holdings Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Biglari Holdings Inc.
  • Ticker: BH.A
  • Exchange: NYSE
  • Founded: 1934
  • Industry: Restaurants
  • Sector: Consumer Services
  • Implied Market Cap: US$377.806m
  • Shares outstanding: 620.59k
  • Website: https://www.biglariholdings.com

Number of Employees


Location

  • Biglari Holdings Inc.
  • 17802 IH 10 West
  • Suite 400
  • San Antonio
  • Texas
  • 78257
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
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.