BIGLARI HOLDINGS INC-A (BH.A) Fundamental Analysis & Valuation

NYSE:BH.A • US08986R4083

Current stock price

1642.7 USD
+48.28 (+3.03%)
Last:

This BH.A fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. BH.A Profitability Analysis

1.1 Basic Checks

  • In the past year BH.A has reported negative net income.
  • BH.A had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: BH.A reported negative net income in multiple years.
  • BH.A had a positive operating cash flow in each of the past 5 years.
BH.A Yearly Net Income VS EBIT VS OCF VS FCFBH.A Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M 100M 150M 200M

1.2 Ratios

  • BH.A has a Return On Assets of -3.66%. This is in the lower half of the industry: BH.A underperforms 74.60% of its industry peers.
  • With a Return On Equity value of -7.16%, BH.A perfoms like the industry average, outperforming 46.03% of the companies in the same industry.
  • With a Return On Invested Capital value of 1.98%, BH.A is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
  • Measured over the past 3 years, the Average Return On Invested Capital for BH.A is significantly below the industry average of 10.59%.
Industry RankSector Rank
ROA -3.66%
ROE -7.16%
ROIC 1.98%
ROA(3y)0.79%
ROA(5y)0.49%
ROE(3y)0.45%
ROE(5y)0.3%
ROIC(3y)2.87%
ROIC(5y)3.54%
BH.A Yearly ROA, ROE, ROICBH.A Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 15

1.3 Margins

  • Looking at the Operating Margin, with a value of 5.51%, BH.A is doing worse than 61.11% of the companies in the same industry.
  • BH.A's Operating Margin has declined in the last couple of years.
  • BH.A's Gross Margin of 37.80% is on the low side compared to the rest of the industry. BH.A is outperformed by 69.05% of its industry peers.
  • BH.A's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 5.51%
PM (TTM) N/A
GM 37.8%
OM growth 3Y-23.69%
OM growth 5Y-3.31%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.06%
GM growth 5Y3.66%
BH.A Yearly Profit, Operating, Gross MarginsBH.A Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30 40

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7

2. BH.A Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BH.A is destroying value.
  • Compared to 1 year ago, BH.A has about the same amount of shares outstanding.
  • BH.A has less shares outstanding than it did 5 years ago.
  • BH.A has a worse debt/assets ratio than last year.
BH.A Yearly Shares OutstandingBH.A Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500K 1M 1.5M 2M
BH.A Yearly Total Debt VS Total AssetsBH.A Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2.2 Solvency

  • BH.A has an Altman-Z score of 5.87. This indicates that BH.A is financially healthy and has little risk of bankruptcy at the moment.
  • BH.A's Altman-Z score of 5.87 is amongst the best of the industry. BH.A outperforms 89.68% of its industry peers.
  • BH.A has a debt to FCF ratio of 4.13. This is a neutral value as BH.A would need 4.13 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 4.13, BH.A is doing good in the industry, outperforming 76.19% of the companies in the same industry.
  • A Debt/Equity ratio of 0.53 indicates that BH.A is somewhat dependend on debt financing.
  • BH.A has a Debt to Equity ratio of 0.53. This is in the better half of the industry: BH.A outperforms 63.49% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 4.13
Altman-Z 5.87
ROIC/WACC0.23
WACC8.64%
BH.A Yearly LT Debt VS Equity VS FCFBH.A Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

2.3 Liquidity

  • BH.A has a Current Ratio of 2.43. This indicates that BH.A is financially healthy and has no problem in meeting its short term obligations.
  • BH.A's Current ratio of 2.43 is amongst the best of the industry. BH.A outperforms 87.30% of its industry peers.
  • BH.A has a Quick Ratio of 2.40. This indicates that BH.A is financially healthy and has no problem in meeting its short term obligations.
  • BH.A has a Quick ratio of 2.40. This is amongst the best in the industry. BH.A outperforms 88.89% of its industry peers.
Industry RankSector Rank
Current Ratio 2.43
Quick Ratio 2.4
BH.A Yearly Current Assets VS Current LiabilitesBH.A Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

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1

3. BH.A Growth Analysis

3.1 Past

  • The earnings per share for BH.A have decreased strongly by -975.27% in the last year.
  • Looking at the last year, BH.A shows a quite strong growth in Revenue. The Revenue has grown by 9.15% in the last year.
  • Measured over the past years, BH.A shows a decrease in Revenue. The Revenue has been decreasing by -1.84% on average per year.
EPS 1Y (TTM)-975.27%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-414.41%
Revenue 1Y (TTM)9.15%
Revenue growth 3Y2.39%
Revenue growth 5Y-1.84%
Sales Q2Q%9.61%

3.2 Future

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
BH.A Yearly Revenue VS EstimatesBH.A Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
BH.A Yearly EPS VS EstimatesBH.A Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 -2 -4 -6 -8

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1

4. BH.A Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for BH.A. In the last year negative earnings were reported.
Industry RankSector Rank
PE N/A
Fwd PE N/A
BH.A Price Earnings VS Forward Price EarningsBH.A Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0 0 0 0 0 0 0

4.2 Price Multiples

  • BH.A's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. BH.A is more expensive than 81.75% of the companies in the same industry.
  • BH.A's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 48.89
EV/EBITDA 56.65
BH.A Per share dataBH.A EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 100 200

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. BH.A Dividend Analysis

5.1 Amount

  • No dividends for BH.A!.
Industry RankSector Rank
Dividend Yield 0%

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BH.A Fundamentals: All Metrics, Ratios and Statistics

BIGLARI HOLDINGS INC-A

NYSE:BH.A (3/17/2026, 1:56:35 PM)

1642.7

+48.28 (+3.03%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)03-02
Earnings (Next)05-07
Inst Owners94.26%
Inst Owner Change0.81%
Ins Owners0.4%
Ins Owner ChangeN/A
Market Cap3.75B
Revenue(TTM)395.26M
Net Income(TTM)-37.49M
Analysts43.33
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 9.48
P/FCF 48.89
P/OCF 35.02
P/B 7.16
P/tB 8.38
EV/EBITDA 56.65
EPS(TTM)-72.75
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)33.6
FCFY2.05%
OCF(TTM)46.91
OCFY2.86%
SpS173.36
BVpS229.57
TBVpS196.14
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -3.66%
ROE -7.16%
ROCE 2.51%
ROIC 1.98%
ROICexc 3.24%
ROICexgc 3.78%
OM 5.51%
PM (TTM) N/A
GM 37.8%
FCFM 19.38%
ROA(3y)0.79%
ROA(5y)0.49%
ROE(3y)0.45%
ROE(5y)0.3%
ROIC(3y)2.87%
ROIC(5y)3.54%
ROICexc(3y)3.74%
ROICexc(5y)4.4%
ROICexgc(3y)4.29%
ROICexgc(5y)5.05%
ROCE(3y)3.69%
ROCE(5y)4.51%
ROICexgc growth 3Y-18.85%
ROICexgc growth 5Y-2.07%
ROICexc growth 3Y-19.26%
ROICexc growth 5Y-2.43%
OM growth 3Y-23.69%
OM growth 5Y-3.31%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.06%
GM growth 5Y3.66%
F-Score3
Asset Turnover0.39
Health
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 4.13
Debt/EBITDA 4.44
Cap/Depr 74.43%
Cap/Sales 7.68%
Interest Coverage 250
Cash Conversion 170.92%
Profit Quality N/A
Current Ratio 2.43
Quick Ratio 2.4
Altman-Z 5.87
F-Score3
WACC8.64%
ROIC/WACC0.23
Cap/Depr(3y)70.42%
Cap/Depr(5y)101.43%
Cap/Sales(3y)7.51%
Cap/Sales(5y)9.64%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-975.27%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-414.41%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)9.15%
Revenue growth 3Y2.39%
Revenue growth 5Y-1.84%
Sales Q2Q%9.61%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-5.97%
EBIT growth 3Y-21.87%
EBIT growth 5Y-5.09%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y301.79%
FCF growth 3Y-7.91%
FCF growth 5Y-4.59%
OCF growth 1Y115.38%
OCF growth 3Y-5.76%
OCF growth 5Y-1.88%

BIGLARI HOLDINGS INC-A / BH.A Fundamental Analysis FAQ

What is the ChartMill fundamental rating of BIGLARI HOLDINGS INC-A (BH.A) stock?

ChartMill assigns a fundamental rating of 3 / 10 to BH.A.


What is the valuation status for BH.A stock?

ChartMill assigns a valuation rating of 1 / 10 to BIGLARI HOLDINGS INC-A (BH.A). This can be considered as Overvalued.


How profitable is BIGLARI HOLDINGS INC-A (BH.A) stock?

BIGLARI HOLDINGS INC-A (BH.A) has a profitability rating of 2 / 10.


What is the financial health of BIGLARI HOLDINGS INC-A (BH.A) stock?

The financial health rating of BIGLARI HOLDINGS INC-A (BH.A) is 7 / 10.