Boyd Group Services (BYD) AI Stock Analysis

• Market Cap: C$4.56B
• Dividend Yield: 0.29%
• Average Volume (3M): 35.73K
• Price to Earnings (P/E): 248.2
• Beta (1Y): 0.34
• Revenue Growth: 4.70%
• EPS Growth: -81.62%
• Country: CA
• Employees: 13,449
• Sector: Consumer Cyclical
• Sector Strength: 58
• Industry: Personal Products & Services
• EPS (TTM): 0.14
• Shares Outstanding: 21,467,808
• 10 Day Avg. Volume: 39,792
• 30 Day Avg. Volume: 35,726
• PEG Ratio: -5.51
• Price to Book (P/B): 8.57
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 20.18
• Enterprise Value/Market Cap: 1.03
• Enterprise Value/Revenue: 0.39
• Enterprise Value/Gross Profit: 3.36
• Enterprise Value/Ebitda: 2.78
• 1Y Price Target: C$269.20
• Price Target Upside: 26.40% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 12

• Rating: 59 Neutral
• Price Target: C$214.00 ▲(0.48%Upside)

Boyd Group Services has shown strong revenue growth but faces challenges with profitability and leverage. Technical indicators suggest a lack of strong momentum, while valuation metrics indicate potential overvaluation. Despite positive corporate events and strategic initiatives, the company's financial health and market conditions pose risks, resulting in a moderate overall score.

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

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

Moderate Growth Expectations

Do not expect a material multiple re-rating to occur until there is a clear line of sight for Boyd to return to a mid-single-digit growth rate.

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. is a leading operator in the automotive collision repair industry, primarily operating under the Boyd Autobody & Glass and Gerber Collision & Glass brands across North America. The company provides comprehensive collision repair services, including bodywork, painting, and glass repair for both individual consumers and commercial fleets. With a strong presence in both Canada and the United States, Boyd Group Services has established itself as a trusted name in the automotive repair sector, recognized for its high-quality service and customer satisfaction.

How the Company Makes Money

Boyd Group Services generates revenue primarily through its network of collision repair centers, which service vehicles needing bodywork and glass repair due to accidents or other damage. The company makes money by charging customers for repair services, which are often covered by insurance claims. Boyd Group Services has strategic partnerships with insurance companies, which refer clients to their repair centers, ensuring a steady stream of business. Additionally, the company benefits from economies of scale due to its extensive network of locations, which allows it to negotiate favorable terms with suppliers and optimize operational efficiencies, further enhancing profitability.

Boyd Group Services Financial Statement Overview

Summary

Boyd Group Services shows impressive revenue growth, but declining profitability margins suggest rising costs or inefficiencies. The balance sheet indicates high leverage risks, while strong cash flows demonstrate effective cash management. Improvement is needed in profitability and leverage metrics.

Income Statement

Boyd Group Services demonstrates a consistent revenue growth trajectory with a notable increase from $1.87 billion in 2021 to $3.07 billion in 2024, reflecting robust business expansion. However, the net profit margin has decreased significantly from 2.94% in 2021 to 0.80% in 2024, indicating rising costs or inefficiencies. The gross profit margin remains strong, averaging around 45%, but the EBIT margin has dropped to 0% in 2024, suggesting operational challenges.

Balance Sheet

The company's debt-to-equity ratio is relatively high at 1.51 in 2024, which could indicate potential leverage risks. However, the return on equity has decreased from 3.24% in 2021 to 2.95% in 2024, suggesting limited returns on shareholders' investments. The equity ratio has shown slight improvement, indicating a stable asset base backed by equity.

Cash Flow

Boyd Group Services maintains strong operating cash flows, with a slight decline from $357.5 million in 2023 to $313.3 million in 2024. The free cash flow has also decreased, impacting the free cash flow to net income ratio. Despite these challenges, the operating cash flow to net income ratio remains robust at 12.77 in 2024, indicating strong cash generation relative to net earnings.

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

Boyd Group Services Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 212.98
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• 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 212.98 is above the 20-day moving average (MA) of 204.84, above the 50-day MA of 205.87, and below the 200-day MA of 215.81, indicating a neutral trend. The MACD of 1.12 indicates Negative momentum. The RSI at 61.35 is Neutral, neither overbought nor oversold. The STOCH value of 90.41 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
LNR	71 Outperform	C$3.77B	14.92	4.66%	2.52%	2.26%	-54.00%
MRE	67 Neutral	$612.87M	5.65	-3.98%	2.38%	-9.36%	-145.18%
NFI	66 Neutral	C$2.04B	―	-0.03%	―	15.99%	99.83%
Sector *	66 Neutral	€8.71B	14.01	5.85%	3.23%	3.86%	-31.71%
ACQ	63 Neutral	C$510.69M	―	9.31%	―	-18.16%	-275.09%
BYD	59 Neutral	C$4.56B	248.18	1.63%	0.29%	4.70%	-81.62%
DOO	58 Neutral	$4.81B	19.66	26.57%	1.31%	-22.34%	-110.04%

Boyd Group Services Corporate Events

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.

Boyd Group Services Reports Q1 2025 Results with Strategic Expansion and Improved Margins

Boyd Group Services Inc. reported a slight decrease in sales by 1.0% to $778.3 million for the first quarter of 2025, with same-store sales declining by 2.8%. Despite these challenges, the company achieved a gross profit increase of $6.7 million, or 1.9%, attributed to internal improvements and strategic initiatives. The company also expanded its operations by adding nine new collision repair locations and two glass business acquisitions. Boyd’s implementation of a new indirect staffing model is expected to generate significant cost savings, indicating a positive outlook for future financial performance.

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.

Boyd Group Services to Announce Q1 2025 Financial Results

Boyd Group Services Inc. announced it will release its fiscal 2025 first quarter results on May 14, 2025, followed by a conference call hosted by its management team. This announcement is significant as it provides stakeholders with insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and investor relations.