Boyd Group Services (BYD) AI Stock Analysis

• Market Cap: $4.80B
• Dividend Yield: 0.28%
• Average Volume (3M): 38.57K
• Price to Earnings (P/E): 433.0
• Beta (1Y): 0.20
• Revenue Growth: 4.24%
• EPS Growth: -60.60%
• Country: CA
• Employees: 13,449
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Personal Products & Services
• EPS (TTM): 0.86
• Shares Outstanding: 21,468,021
• 10 Day Avg. Volume: 39,723
• 30 Day Avg. Volume: 38,571
• PEG Ratio: -1.84
• Price to Book (P/B): 3.90
• Price to Sales (P/S): 1.05
• P/FCF Ratio: 16.43
• Enterprise Value/Market Cap: 1.31
• Enterprise Value/Revenue: 2.03
• Enterprise Value/Gross Profit: 4.38
• Enterprise Value/Ebitda: 24.58
• 1Y Price Target: $279.26
• Price Target Upside: 25.89% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: C$231.00 ▲(4.13% Upside)

The overall stock score for Boyd Group Services is primarily influenced by its solid financial performance, particularly in cash flow management and revenue growth. However, the high P/E ratio and low dividend yield suggest valuation concerns, while technical indicators point to neutral momentum. Profitability challenges and high leverage also weigh on the score.

Positive Factors

Revenue Growth

Boyd Group's consistent revenue growth, as seen in Q3, highlights its ability to expand market reach and maintain strong business operations.

Strategic Acquisitions

The acquisition of Joe Hudson’s Collision Center strengthens Boyd Group's market position in the US Southeast, enhancing its competitive edge.

Cash Flow Management

Strong cash flow management supports Boyd Group's operational stability and ability to invest in growth opportunities, ensuring long-term sustainability.

Negative Factors

High Leverage

High leverage could limit financial flexibility and increase risk, potentially impacting Boyd Group's ability to navigate economic downturns.

Profitability Concerns

Low profitability metrics suggest challenges in converting revenue into profit, which could hinder Boyd Group's long-term financial health.

Increased Operating Expenses

Rising operating expenses may pressure margins and reduce profitability, impacting Boyd Group's ability to invest in future growth.

Boyd Group Services Business Overview & Revenue Model

Company Description

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. In addition, the company operates a third-party administrator, Gerber National Claims Services that offers glass, emergency roadside, and first notice of loss services. It serves insurance companies and individual vehicle owners. The company was founded in 1990 and is headquartered in Winnipeg, Canada.

How the Company Makes Money

Boyd Group Services generates revenue mainly through the repair and servicing of damaged vehicles, with its primary revenue streams coming from insurance claims and direct consumer payments for collision repairs. The company works closely with insurance providers, often becoming a preferred repair partner, which allows it to secure a steady flow of business through insurance referrals. Additionally, Boyd Group benefits from economies of scale and operational efficiencies across its vast network of repair centers, which helps in reducing costs and enhancing profitability. Strategic partnerships with auto manufacturers and insurance companies also play a crucial role in driving revenue, as these relationships can lead to increased customer traffic and higher repair volume.

Boyd Group Services Financial Statement Overview

Summary

Boyd Group Services shows moderate revenue growth and stable gross margins, but profitability remains a concern with low net margins and declining EBIT margins. The balance sheet reveals high leverage, posing potential risks, although cash flow generation is improving.

Income Statement

Boyd Group Services shows moderate revenue growth with a 4.1% increase in TTM, although this is a slowdown from previous years. Gross profit margin remains stable at around 45.8%, but net profit margin is low at 0.44%, indicating challenges in converting revenue into profit. EBIT and EBITDA margins have decreased, reflecting potential operational inefficiencies.

Balance Sheet

The company has a high debt-to-equity ratio of 1.52, suggesting significant leverage. Return on equity is low at 0.97%, indicating limited profitability relative to shareholder equity. The equity ratio of 33.7% shows moderate financial stability but highlights reliance on debt financing.

Cash Flow

Free cash flow growth is positive at 12.11% in TTM, showing improvement in cash generation. The operating cash flow to net income ratio is 0.68, indicating decent cash conversion efficiency. However, the free cash flow to net income ratio of 0.75 suggests room for improvement in cash profitability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.11B	3.07B	2.94B	2.45B	1.86B	1.56B
Gross Profit	1.44B	1.40B	1.34B	1.10B	828.29M	711.22M
EBITDA	256.23M	208.97M	255.20M	171.20M	119.06M	129.92M
Net Income	16.04M	24.52M	86.45M	41.33M	23.34M	43.97M
Balance Sheet
Total Assets	2.61B	2.46B	2.38B	2.12B	2.01B	1.57B
Cash, Cash Equivalents and Short-Term Investments	64.32M	19.98M	22.46M	15.20M	27.48M	60.84M
Total Debt	1.35B	1.25B	1.13B	986.96M	977.22M	597.59M
Total Liabilities	1.76B	1.63B	1.55B	1.37B	1.29B	857.07M
Stockholders Equity	848.24M	830.07M	826.34M	753.36M	720.39M	709.37M
Cash Flow
Free Cash Flow	270.73M	196.91M	284.79M	208.97M	152.75M	201.02M
Operating Cash Flow	332.43M	270.53M	343.21M	241.35M	183.70M	226.33M
Investing Cash Flow	-183.99M	-197.76M	-248.36M	-46.50M	-348.15M	-80.18M
Financing Cash Flow	-125.48M	-73.99M	-87.51M	-206.54M	131.99M	-123.65M

Boyd Group Services Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 221.83
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BYD, the sentiment is Positive. The current price of 221.83 is below the 20-day moving average (MA) of 227.12, below the 50-day MA of 221.87, and above the 200-day MA of 215.79, indicating a neutral trend. The MACD of 3.29 indicates Positive momentum. The RSI at 47.32 is Neutral, neither overbought nor oversold. The STOCH value of 14.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BYD.

Boyd Group Services Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LNR	77 Outperform	$4.49B	21.39	4.01%	1.38%	-5.33%	-57.58%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
BYD	58 Neutral	$4.80B	432.97	1.90%	0.28%	4.24%	-60.60%
DOO	54 Neutral	$7.65B	314.22	45.71%	0.80%	-5.14%	-87.15%
MRE	51 Neutral	$703.13M	―	-2.64%	1.93%	-7.25%	-143.07%
NFI	50 Neutral	C$1.67B	-7.37	-52.38%	―	14.40%	-1117.18%
ACQ	40 Underperform	C$579.45M	-32.14	18.07%	―	-26.93%	84.17%

Boyd Group Services Corporate Events

Boyd Group Services Reports Strong Q3 2025 and Announces Major Acquisition

Boyd Group Services Inc. reported a strong third quarter in 2025, with a 5% increase in sales and significant improvements in gross profit and adjusted EBITDA. The company announced the acquisition of Joe Hudson’s Collision Center for $1.3 billion, which is expected to add 258 locations in the US Southeast. Boyd also completed a $897 million IPO and began trading on the NYSE, marking a transformative period of growth and expansion. These developments strengthen Boyd’s industry positioning and offer new opportunities for stakeholders.

Boyd Group Secures Funding for Strategic Acquisition

Boyd Group Services Inc. has successfully closed a C$525 million senior unsecured note offering, which, along with a US$897 million equity offering, will fund the acquisition of Joe Hudson’s Collision Center. This strategic move is expected to enhance Boyd’s market position in the automotive collision repair industry, with the acquisition anticipated to close in the fourth quarter of 2025, subject to customary conditions.

Boyd Group Services Completes US$897 Million U.S. IPO

Boyd Group Services Inc. has successfully closed its US$897 million bought deal initial public offering in the United States, marking a significant milestone as its first IPO in the U.S. The proceeds from this offering are intended to partially fund the acquisition of Joe Hudson’s Collision Center, enhancing Boyd’s market presence in the automotive collision repair industry.

Boyd Group Services Prices C$525 Million Note Offering for Acquisition

Boyd Group Services Inc. has announced the pricing of a C$525 million private placement offering of senior unsecured notes due 2030, with an interest rate of 5.50% per annum. The proceeds, along with funds from a previous equity offering, will be used to partially finance the acquisition of Joe Hudson’s Collision Center. This acquisition is expected to close in the fourth quarter of 2025, subject to conditions and regulatory approvals, and will replace interim financing arrangements. The offering is led by a syndicate of underwriters and is expected to close on November 6, 2025.

Boyd Group Services Launches US$780 Million IPO in U.S.

Boyd Group Services Inc. has announced a US$780 million initial public offering in the United States, marking its debut on the New York Stock Exchange under the symbol ‘BGSI’. The proceeds from this offering will be used to partially fund the acquisition of Joe Hudson’s Collision Center, enhancing Boyd Group’s market position in the automotive repair industry. If the acquisition does not proceed, the funds will be directed towards debt reduction and future growth opportunities. This move signifies a strategic expansion for Boyd Group, potentially increasing its influence and operational capacity in the North American market.

Boyd Group Expands U.S. Presence with Strategic Acquisition

Boyd Group Services Inc. has announced its acquisition of Joe Hudson’s Collision Center, adding 258 locations and strengthening its position in the U.S. Southeast collision repair market. This acquisition is expected to generate significant synergies, enhance Boyd’s financial performance, and expand its operational footprint. Concurrently, Boyd reported positive preliminary Q3 2025 results, with a 5% year-over-year sales increase and a 21-23% rise in Adjusted EBITDA, reflecting strong growth despite industry challenges.

Boyd Group Services to Announce Q3 2025 Results

Boyd Group Services Inc. announced it will release its fiscal 2025 third quarter results on November 12, 2025, before the markets open. A conference call hosted by key executives will follow to discuss the financial results, inviting all interested parties to participate. This announcement underscores Boyd Group’s commitment to transparency and engagement with stakeholders, potentially impacting its market perception and investor relations.

Boyd Group Services Declares Q3 2025 Cash Dividend

Boyd Group Services Inc. announced a cash dividend of $0.153 per common share for the third quarter of 2025, payable on October 29, 2025, to shareholders of record as of September 30, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its shareholders and may positively impact its market positioning by reinforcing investor confidence.