Birks & Mayors (BGI) AI Stock Analysis

• Market Cap: $18.35M
• Dividend Yield: N/A
• Average Volume (3M): 70.29K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.19
• Revenue Growth: 3.11%
• EPS Growth: 11.94%
• Country: US
• Employees: 290
• Sector: Consumer Cyclical
• Sector Strength: 60
• Industry: Luxury Goods
• EPS (TTM): -0.12
• Shares Outstanding: 11,593,391
• 10 Day Avg. Volume: 124,342
• 30 Day Avg. Volume: 70,287
• PEG Ratio: -0.09
• Price to Book (P/B): -337.74
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -12.46
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 40 Underperform
• Price Target: ―

BGI's overall stock score is primarily impacted by its weak financial performance, characterized by persistent losses and a fragile balance sheet. Technical indicators reflect a bearish outlook, while valuation metrics are hindered by a negative P/E ratio. The company must address its financial challenges to improve its stock performance.

Birks & Mayors Business Overview & Revenue Model

Company Description

Birks Group Inc. designs, develops, manufactures, and retails fine jewelry, timepieces, sterling and plated silverware, and gifts in the United States and Canada. The company operates through two segments, Retail and Other. It offers various merchandise, including designer jewelry, diamonds, gemstone and precious metal jewelry, rings, wedding bands, earrings, bracelets, necklaces, precious gemstones, gold jewelry, and pearls. As of June 23, 2022, the company operated 24 stores under the Maison Birks brand in various metropolitan markets in Canada; one retail location under the Brinkhaus brand in Calgary; and 2 retail locations under the Graff and Patek Philippe brands in Vancouver. It also engages in the retail and wholesale of fine jewelry collections through Mappin & Webb and Goldsmiths stores, as well as through e-commerce platforms; and gold exchange business. The company was formerly known as Birks & Mayors Inc. and changed its name to Birks Group Inc. in September 2013. Birks Group Inc. was founded in 1879 and is headquartered in Montreal, Canada.

How the Company Makes Money

Birks & Mayors generates revenue primarily through the sale of luxury jewelry and timepieces. The company operates a network of retail stores and an online platform, providing customers access to a curated selection of high-end products. Key revenue streams include direct consumer sales, both in-store and online, as well as customized jewelry services. The company may also form strategic partnerships with other luxury brands to expand its product offerings and enhance market presence. Factors such as brand reputation, store location, and customer service play significant roles in driving sales and maintaining customer loyalty.

Birks & Mayors Financial Statement Overview

Summary

Birks & Mayors faces significant financial challenges, primarily driven by persistent losses and a weak balance sheet. While there are signs of revenue growth, profitability remains elusive, and the high leverage poses risks. Cash flow management is improving but still requires significant attention to achieve financial stability.

Income Statement

The company's revenue has shown fluctuating growth with a recent increase of 13.7% from 2023 to 2024. However, the net income remains negative, reflecting ongoing profitability challenges. Gross profit margin is reasonably strong at 39.7% for 2024, but net profit margin is deeply negative at -2.5%, indicating struggles with operational efficiency.

Balance Sheet

The balance sheet is concerning, with negative stockholders' equity of -$5.1 million, indicating potential financial distress. The debt-to-equity ratio is not meaningful due to negative equity, highlighting excessive leverage. Total assets have increased slightly, but the company's equity position remains weak.

Cash Flow

Free cash flow improved from 2023 to 2024, although it remains negative at -$7.4 million, showing some progress in cash management. Operating cash flow remains negative, but there is a slight improvement in the operating cash flow to net income ratio compared to previous years. The company needs to improve cash generation to support its operations.

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	177.58M	185.28M	162.95M	181.34M	143.07M	169.42M
Gross Profit	68.75M	73.56M	67.96M	76.22M	56.35M	64.48M
EBITDA	7.67M	7.85M	1.86M	10.28M	2.64M	-1.70M
Net Income	-6.23M	-4.63M	-7.43M	-1.90M	-8.86M	-18.46M
Balance Sheet
Total Assets	193.05M	203.27M	196.98M	183.26M	201.68M	210.65M
Cash, Cash Equivalents and Short-Term Investments	1.79M	1.78M	1.26M	2.01M	1.81M	565.00K
Total Debt	145.79M	156.62M	151.95M	140.38M	152.42M	152.78M
Total Liabilities	201.27M	208.42M	197.58M	177.40M	203.10M	207.24M
Stockholders Equity	-8.23M	-5.15M	-603.00K	5.86M	-1.42M	3.41M
Cash Flow
Free Cash Flow	-11.42M	-7.41M	-16.34M	12.84M	-4.71M	-10.79M
Operating Cash Flow	-4.10M	-170.00K	-6.92M	18.65M	-1.72M	-4.36M
Investing Cash Flow	-7.90M	-7.24M	-9.41M	-5.81M	-2.99M	-6.43M
Financing Cash Flow	11.80M	7.93M	15.59M	-12.63M	5.96M	10.18M

Birks & Mayors Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.98
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BGI, the sentiment is Positive. The current price of 0.98 is above the 20-day moving average (MA) of 0.89, above the 50-day MA of 0.92, and below the 200-day MA of 1.44, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.17 is Neutral, neither overbought nor oversold. The STOCH value of 62.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BGI.

Birks & Mayors Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$16.85B	11.50	-7.38%	2.96%	1.59%	-23.36%
VRA	50 Neutral	$69.55M	―	-36.91%	―	-24.95%	-1959.79%
TLYS	47 Neutral	$48.24M	―	-47.54%	―	-8.79%	-15.17%
BGI	40 Underperform	$18.35M	―	89.94%	―	3.11%	11.94%
INTG		$25.96M	―		―	―	―
VNCE	45 Neutral	$18.37M	6.22	-63.56%	―	1.46%	-191.66%
EEIQ	37 Underperform	$6.43M	―	-83.71%	―	42.73%	18.30%