Boyd Group Services (BYD) AI Stock Analysis

• Market Cap: $4.50B
• Dividend Yield: 0.28%
• Average Volume (3M): 38.57K
• Price to Earnings (P/E): 405.9
• Beta (1Y): 0.22
• Revenue Growth: 3.65%
• EPS Growth: -86.07%
• Country: CA
• Employees: 13,449
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Personal Products & Services
• EPS (TTM): 0.70
• 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): 3.89
• Price to Sales (P/S): 1.05
• P/FCF Ratio: 13.89
• Enterprise Value/Market Cap: 1.40
• Enterprise Value/Revenue: 2.05
• Enterprise Value/Gross Profit: 4.45
• Enterprise Value/Ebitda: 30.01
• 1Y Price Target: $270.18
• Price Target Upside: 26.19% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8

• Rating: 59 Neutral
• Price Target: C$228.00 ▲(6.49% Upside)

Boyd Group Services' overall stock score is primarily influenced by its moderate financial performance and positive earnings call sentiment. However, the high P/E ratio and bearish technical indicators weigh down the score. The company's strategic initiatives and operational improvements are promising, but profitability and valuation concerns remain significant.

Positive Factors

Gross Margin Expansion

The expansion in gross margins indicates improved operational efficiency and cost management, which can enhance profitability and competitive positioning over the long term.

Project 360 Initiatives

The successful execution of Project 360 initiatives reflects strategic cost-saving measures, which can lead to improved margins and sustainable financial performance.

Location Growth Strategy

The strategic expansion of new locations supports market share growth and revenue diversification, strengthening Boyd's competitive edge in the automotive repair industry.

Negative Factors

High Leverage

High leverage can strain financial flexibility and increase risk, potentially impacting the company's ability to invest in growth opportunities or weather economic downturns.

Decline in Net Earnings

A decline in net earnings indicates challenges in maintaining profitability, which could affect investor confidence and the company's ability to reinvest in its operations.

Increased Operating Expenses

Rising operating expenses can erode profit margins and reduce overall profitability, necessitating effective cost management to sustain long-term financial health.

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 steady 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. Overall, the company shows moderate financial health with areas needing attention, particularly in profitability and leverage management.

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	3.07B	3.07B	2.94B	2.45B	1.86B	1.56B
Gross Profit	1.42B	1.40B	1.34B	1.10B	828.29M	711.22M
EBITDA	209.83M	208.97M	255.20M	171.20M	119.06M	129.92M
Net Income	8.08M	24.52M	86.45M	41.33M	23.34M	43.97M
Balance Sheet
Total Assets	2.49B	2.46B	2.38B	2.12B	2.01B	1.57B
Cash, Cash Equivalents and Short-Term Investments	14.68M	19.98M	22.46M	15.20M	27.48M	60.84M
Total Debt	1.26B	1.25B	1.13B	986.96M	977.22M	597.59M
Total Liabilities	1.65B	1.63B	1.55B	1.37B	1.29B	857.07M
Stockholders Equity	839.10M	830.07M	826.34M	753.36M	720.39M	709.37M
Cash Flow
Free Cash Flow	229.26M	196.91M	284.79M	208.97M	152.75M	201.02M
Operating Cash Flow	292.75M	270.53M	343.21M	241.35M	183.70M	226.33M
Investing Cash Flow	-151.17M	-197.76M	-248.36M	-46.50M	-348.15M	-80.18M
Financing Cash Flow	-140.30M	-73.99M	-87.51M	-206.54M	131.99M	-123.65M

Boyd Group Services Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 214.11
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BYD, the sentiment is Negative. The current price of 214.11 is below the 20-day moving average (MA) of 219.77, below the 50-day MA of 226.20, and below the 200-day MA of 217.27, indicating a bearish trend. The MACD of -3.83 indicates Positive momentum. The RSI at 39.21 is Neutral, neither overbought nor oversold. The STOCH value of 50.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	―	$4.29B	20.45	3.61%	1.42%	-2.60%	-64.22%
MRE	―	$745.35M	―	-4.10%	1.93%	-8.84%	-148.15%
Sector *	―	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
BYD	―	$4.50B	405.87	0.97%	0.28%	3.65%	-86.07%
DOO	―	$6.88B	―	38.70%	0.91%	-13.78%	-115.58%
ACQ	―	C$640.10M	-35.51	20.23%	―	-20.36%	50.19%
NFI	―	C$1.64B	-7.22	-26.25%	―	9.12%	-182.49%

Boyd Group Services Corporate Events

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.

The most recent analyst rating on (TSE:BYD) stock is a Buy with a C$260.00 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 Closes C$275 Million Note Offering

Boyd Group Services Inc. has successfully closed a C$275 million private placement offering of senior unsecured notes due in 2033. The proceeds from this offering will be used to repay existing indebtedness, potentially strengthening the company’s financial position and enhancing its operational flexibility.

The most recent analyst rating on (TSE:BYD) stock is a Hold with a C$239.00 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 Inc. Reports Positive Earnings Call

Boyd Group Services Inc. recently held an earnings call that conveyed a generally positive sentiment, highlighting strong operational improvements and strategic milestones. Despite facing industry challenges and a decline in same-store sales, the company showcased robust gross margin and adjusted EBITDA performance, driven by the successful execution of Project 360 initiatives. However, the company acknowledged challenges with declines in same-store sales and net earnings, as well as increased operating expenses.

Boyd Group Services Enhances Financial Flexibility with Note Offering and Credit Facility Expansion

Boyd Group Services Inc. announced a C$275 million senior unsecured note offering and an amendment and extension of its revolving credit facilities. These financial moves are intended to enhance the company’s financial flexibility, allowing it to pursue its five-year growth and profitability goals. The new notes, with a 5.75% interest rate, are due in 2033, and the revolving credit facilities have been increased to US$575 million with a potential expansion to US$875 million. The proceeds from the offering will be used to repay existing debt, and the changes are expected to positively impact Boyd’s operational capabilities and market positioning.

The most recent analyst rating on (TSE:BYD) stock is a Hold with a C$239.00 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 Reports Q2 2025 Financial Results

Boyd Group Services Inc., a leading operator of non-franchised collision repair centers in North America, has reported its financial results for the second quarter of 2025, highlighting strategic advancements and financial performance. The company, known for its extensive network of repair centers and auto glass services, continues to focus on growth and operational efficiency.

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.