Boyd Group Services (BYD) AI Stock Analysis

• Market Cap: $4.78B
• Dividend Yield: 0.27%
• Average Volume (3M): 49.76K
• Price to Earnings (P/E): 432.4
• Beta (1Y): 0.28
• Revenue Growth: 3.65%
• EPS Growth: -86.07%
• Country: CA
• Employees: 13,449
• Sector: Consumer Cyclical
• Sector Strength: 81
• Industry: Personal Products & Services
• EPS (TTM): 0.70
• Shares Outstanding: 21,467,910
• 10 Day Avg. Volume: 65,500
• 30 Day Avg. Volume: 49,757
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.32
• Enterprise Value/Revenue: 2.06
• Enterprise Value/Gross Profit: 4.46
• Enterprise Value/Ebitda: 19.80
• 1Y Price Target: $267.07
• Price Target Upside: 19.92% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 12

• Rating: 67 Neutral
• Price Target: C$239.00 ▲(7.31% Upside)

Boyd Group Services' overall stock score is driven by strong operational improvements and strategic milestones highlighted in the earnings call. However, concerns about profitability, high leverage, and potential overvaluation weigh on the score. The technical analysis indicates a bullish trend, but the high P/E ratio suggests caution. The company's strategic initiatives and market expansion efforts are promising, but financial health and valuation concerns need to be addressed.

Positive Factors

Growth Opportunities

Opportunities to grow were highlighted during the Capital Markets Day.

Market Share

BYD continues to take market share, with same-store sales improving quarter-over-quarter.

Organic Growth

Reaccelerating organic growth makes it one of the best smidcap ideas.

Negative Factors

Claims Volume Pressure

Repairable claims volumes were down more over the first two months of the first quarter than during the fourth quarter.

Macroeconomic Uncertainty

Management called out SSS headwinds have generally continued into 2025, with claims volumes declining due to general macro uncertainty and insurance inflation.

Near-term Challenges

Management continues to sound cautious around near-term claims volume given consumer/macro headwinds.

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 primarily through its automotive collision repair services, which include bodywork and paint services for vehicles damaged in accidents. The company earns money from insurance claims as many repairs are covered by insurance policies. Key revenue streams include direct payments from customers, insurance reimbursements, and ancillary services such as glass replacement and detailing. Additionally, BYD benefits from partnerships with major insurance companies that direct business to its shops, enhancing customer acquisition and retention. The company's focus on expanding its network and optimizing operational efficiencies further contributes to its profitability.

Boyd Group Services Financial Statement Overview

Summary

Boyd Group Services demonstrates solid financial performance with consistent revenue growth and efficient cash management. However, high leverage and variability in net profit margins indicate areas for improvement.

Income Statement

Boyd Group Services has shown consistent revenue growth over the years, with a notable increase from 2021 to 2025. The gross profit margin is healthy, reflecting efficient cost management. However, net profit margin has seen variability, indicating challenges in controlling costs beyond the gross level. EBIT and EBITDA margins suggest solid operational performance but with room for improvement in profitability.

Balance Sheet

The company maintains a balanced equity ratio, indicating a stable financial structure. However, the debt-to-equity ratio is relatively high, which could pose risks if leverage is not managed properly. Return on equity has been inconsistent, reflecting fluctuations in net income.

Cash Flow

Boyd Group Services exhibits strong operating cash flows, consistently covering capital expenditures. The free cash flow to net income ratio is robust, signifying effective cash generation relative to earnings. While there has been some variability in free cash flow growth, the overall cash flow position remains strong.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.06B	3.07B	2.95B	2.43B	1.87B	1.64B
Gross Profit	1.41B	1.40B	1.34B	1.09B	839.26M	754.36M
EBITDA	318.11M	325.89M	364.09M	353.65M	267.75M	298.31M
Net Income	8.12M	24.54M	86.66M	40.96M	23.54M	44.11M
Balance Sheet
Total Assets	2.49B	2.46B	2.38B	2.10B	2.03B	1.57B
Cash, Cash Equivalents and Short-Term Investments	14.69M	20.00M	22.51M	15.07M	27.71M	60.95M
Total Debt	1.26B	1.25B	1.14B	978.10M	985.42M	598.62M
Total Liabilities	1.65B	1.63B	1.55B	1.36B	1.30B	858.54M
Stockholders Equity	839.30M	830.86M	828.33M	746.60M	726.43M	710.60M
Cash Flow
Free Cash Flow	252.29M	232.87M	298.38M	230.62M	160.32M	213.88M
Operating Cash Flow	321.95M	313.32M	357.55M	264.25M	196.71M	240.74M
Investing Cash Flow	-150.43M	-207.74M	-244.40M	-47.92M	-354.10M	―
Financing Cash Flow	-172.35M	-106.88M	-105.93M	-228.37M	124.37M	―

Boyd Group Services Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 222.71
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 222.71 is above the 20-day moving average (MA) of 205.50, above the 50-day MA of 208.02, and above the 200-day MA of 214.82, indicating a bullish trend. The MACD of 5.51 indicates Negative momentum. The RSI at 66.78 is Neutral, neither overbought nor oversold. The STOCH value of 80.53 is Negative, 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
BYD	67 Neutral	$4.78B	432.39	0.97%	0.27%	3.65%	-86.07%
Sector *	61 Neutral	$17.75B	12.51	-5.49%	3.06%	1.43%	-14.10%
LIMAF	―	$3.21B	21.06	3.61%	1.44%	―	―
MRETF	―	$508.52M	5.32	-4.10%	2.08%	―	―
DOOO	―	$4.20B	18.62	26.57%	1.06%	―	―
ACQ	57 Neutral	C$783.64M	―	20.23%	―	-20.36%	50.19%
NFI	53 Neutral	C$2.19B	―	-26.25%	―	9.12%	-182.49%

Boyd Group Services Corporate Events

Boyd Group Services Reports Q2 2025 Results, Surpasses 1,000 Locations

Boyd Group Services Inc. reported a slight increase in sales for the second quarter of 2025, driven by new location growth despite a decline in same-store sales. The company achieved margin expansion through profitability initiatives, including the internalization of scanning and calibration services, and cost reductions from a new indirect staffing model. Boyd’s location count surpassed 1,000, reflecting its strategic growth efforts. The appointment of Brian Kaner as CEO and ongoing cost transformation plans are expected to further enhance profitability, with a target Adjusted EBITDA margin of 14% by 2029.

The most recent analyst rating on (TSE:BYD) stock is a Buy with a C$295.00 price target. To see the full list of analyst forecasts on Boyd Group Services stock, see the TSE:BYD Stock Forecast page.

Boyd Group Services to Announce Q2 2025 Financial Results

Boyd Group Services Inc. announced it will release its fiscal 2025 second quarter results on August 13, 2025, followed by a conference call hosted by top executives to discuss the financial outcomes. This announcement is significant for stakeholders as it provides insights into the company’s financial health and operational performance, potentially impacting its market positioning and investor relations.

The most recent analyst rating on (TSE:BYD) stock is a Buy with a C$285.00 price target. To see the full list of analyst forecasts on Boyd Group Services stock, see the TSE:BYD Stock Forecast page.

Boyd Group Services Declares Q2 2025 Cash Dividend

Boyd Group Services Inc. announced a cash dividend of $0.153 per common share for the second quarter of 2025, payable on July 29, 2025, to shareholders of record as of June 30, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its shareholders, while non-resident shareholders will be subject to withholding taxes. The dividend declaration underscores Boyd Group’s stable financial position and its strategic focus on maintaining shareholder value.

The most recent analyst rating on (TSE:BYD) stock is a Buy with a C$325.00 price target. To see the full list of analyst forecasts on Boyd Group Services stock, see the TSE:BYD Stock Forecast page.

Boyd Group Services Announces Election of Directors

Boyd Group Services Inc. announced the election of its directors as per the management proxy circular dated March 25, 2025, during the Annual General and Special Meeting held on May 14, 2025. The election results indicate strong support for the nominated directors, reflecting confidence in the company’s leadership and potentially impacting its strategic direction positively. This development is significant for stakeholders as it reinforces the company’s governance structure and may influence its future operations and market positioning.

The most recent analyst rating on (TSE:BYD) stock is a Buy with a C$350.00 price target. To see the full list of analyst forecasts on Boyd Group Services stock, see the TSE:BYD Stock Forecast page.