Boyd Group Services (BYD) AI Stock Analysis

• Market Cap: $5.05B
• Dividend Yield: 0.26%
• Average Volume (3M): 49.01K
• Price to Earnings (P/E): 455.9
• Beta (1Y): 0.25
• 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): 0.69
• Shares Outstanding: 21,468,021
• 10 Day Avg. Volume: 41,525
• 30 Day Avg. Volume: 49,013
• 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: 1.25
• Enterprise Value/Revenue: 2.06
• Enterprise Value/Gross Profit: 4.46
• Enterprise Value/Ebitda: 19.80
• 1Y Price Target: $265.82
• Price Target Upside: 13.43% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8

• Rating: 67 Neutral
• Price Target: C$239.00 ▲(1.98% 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

Negative Factors

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	3.06B	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: 234.36
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• 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 Positive. The current price of 234.36 is above the 20-day moving average (MA) of 231.42, above the 50-day MA of 215.62, and above the 200-day MA of 215.93, indicating a bullish trend. The MACD of 5.76 indicates Positive momentum. The RSI at 61.96 is Neutral, neither overbought nor oversold. The STOCH value of 49.74 is Neutral, 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	74 Outperform	4.59B	21.90	3.62%	1.41%	-2.60%	-64.22%
BYD	67 Neutral	$5.05B	455.87	0.97%	0.26%	3.65%	-86.07%
MRE	62 Neutral	800.67M	-12.69	-4.32%	1.82%	-8.84%	-148.15%
ACQ	57 Neutral	788.73M	-43.75	-3.78%	―	-20.36%	50.19%
DOO	54 Neutral	6.22B	-165.26	-7.74%	1.00%	-13.78%	-115.58%
NFI	53 Neutral	2.10B	-9.27	-29.35%	―	9.12%	-182.49%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

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.