BIGLARI HOLDINGS INC-A (BH.A) Fundamental Analysis & Valuation
NYSE:BH.A • US08986R4083
1693.33 USD
+29.82 (+1.79%)
Last: Mar 10, 2026, 08:08 PM
This BH.A fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
BH.A gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 126 industry peers in the Hotels, Restaurants & Leisure industry. While BH.A has a great health rating, there are worries on its profitability. BH.A has a expensive valuation and it also scores bad on growth.
1. BH.A Profitability Analysis
1.1 Basic Checks
- BH.A had negative earnings in the past year.
- In the past year BH.A had a positive cash flow from operations.
- The reported net income has been mixed in the past 5 years: BH.A reported negative net income in multiple years.
- In the past 5 years BH.A always reported a positive cash flow from operatings.
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 76.19% of its industry peers.
- Looking at the Return On Equity, with a value of -7.16%, BH.A is in line with its industry, outperforming 45.24% of the companies in the same industry.
- The Return On Invested Capital of BH.A (1.98%) is worse than 71.43% of its industry peers.
- BH.A had an Average Return On Invested Capital over the past 3 years of 2.87%. This is significantly below the industry average of 10.49%.
| Industry Rank | Sector 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%
1.3 Margins
- BH.A's Operating Margin of 5.51% is on the low side compared to the rest of the industry. BH.A is outperformed by 61.11% of its industry peers.
- In the last couple of years the Operating Margin of BH.A has declined.
- 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 Rank | Sector 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%
2. BH.A Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BH.A is destroying value.
- BH.A has about the same amout of shares outstanding than it did 1 year ago.
- Compared to 5 years ago, BH.A has less shares outstanding
- The debt/assets ratio for BH.A is higher compared to a year ago.
2.2 Solvency
- BH.A has an Altman-Z score of 6.06. This indicates that BH.A is financially healthy and has little risk of bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 6.06, BH.A belongs to the top of the industry, outperforming 90.48% of the companies in the same industry.
- The Debt to FCF ratio of BH.A is 4.13, which is a neutral value as it means it would take BH.A, 4.13 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 4.13, BH.A is in the better half of 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 better Debt to Equity ratio (0.53) than 63.49% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 4.13 | ||
| Altman-Z | 6.06 |
ROIC/WACC0.23
WACC8.51%
2.3 Liquidity
- A Current Ratio of 2.43 indicates that BH.A has no problem at all paying its short term obligations.
- The Current ratio of BH.A (2.43) is better than 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 better Quick ratio (2.40) than 88.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.43 | ||
| Quick Ratio | 2.4 |
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.
- The Revenue has grown by 9.15% in the past year. This is quite good.
- BH.A shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.84% yearly.
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.
4. BH.A Valuation Analysis
4.1 Price/Earnings Ratio
- BH.A reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, BH.A is valued more expensive than 82.54% of the companies in the same industry.
- BH.A's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 50.4 | ||
| EV/EBITDA | 59.17 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. BH.A Dividend Analysis
5.1 Amount
- BH.A does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
BH.A Fundamentals: All Metrics, Ratios and Statistics
NYSE:BH.A (3/10/2026, 8:08:03 PM)
1693.33
+29.82 (+1.79%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)03-02 2026-03-02
Earnings (Next)05-07 2026-05-07
Inst Owners94.26%
Inst Owner Change0.81%
Ins Owners0.4%
Ins Owner ChangeN/A
Market Cap3.86B
Revenue(TTM)395.26M
Net Income(TTM)-37.49M
Analysts43.33
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 9.77 | ||
| P/FCF | 50.4 | ||
| P/OCF | 36.1 | ||
| P/B | 7.38 | ||
| P/tB | 8.63 | ||
| EV/EBITDA | 59.17 |
EPS(TTM)-72.75
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)33.6
FCFY1.98%
OCF(TTM)46.91
OCFY2.77%
SpS173.36
BVpS229.57
TBVpS196.14
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 6.06 |
F-Score3
WACC8.51%
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 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.