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BIGLARI HOLDINGS INC-A (BH.A) Stock Fundamental Analysis

USA - New York Stock Exchange - NYSE:BH.A - US08986R4083 - Common Stock

2326.3 USD
-52.42 (-2.2%)
Last: 1/20/2026, 6:40:00 PM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to BH.A. BH.A was compared to 133 industry peers in the Hotels, Restaurants & Leisure industry. No worries on liquidiy or solvency for BH.A as it has an excellent financial health rating, but there are worries on the profitability. BH.A has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • BH.A had positive earnings in the past year.
  • 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.
  • Each year in the past 5 years BH.A had a positive operating cash flow.
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 0 50M 100M 150M 200M

1.2 Ratios

  • With a Return On Assets value of 0.19%, BH.A is not doing good in the industry: 61.65% of the companies in the same industry are doing better.
  • BH.A has a Return On Equity of 0.36%. This is comparable to the rest of the industry: BH.A outperforms 52.63% of its industry peers.
  • BH.A's Return On Invested Capital of 2.19% is on the low side compared to the rest of the industry. BH.A is outperformed by 66.17% of its industry peers.
  • BH.A had an Average Return On Invested Capital over the past 3 years of 4.28%. This is significantly below the industry average of 10.34%.
Industry RankSector Rank
ROA 0.19%
ROE 0.36%
ROIC 2.19%
ROA(3y)0.71%
ROA(5y)0.47%
ROE(3y)0.87%
ROE(5y)0.38%
ROIC(3y)4.28%
ROIC(5y)4.07%
BH.A Yearly ROA, ROE, ROICBH.A Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 15

1.3 Margins

  • BH.A has a Profit Margin (0.54%) which is comparable to the rest of the industry.
  • BH.A has a Operating Margin of 6.19%. This is comparable to the rest of the industry: BH.A outperforms 44.36% of its industry peers.
  • BH.A's Operating Margin has improved in the last couple of years.
  • With a Gross Margin value of 38.28%, BH.A is not doing good in the industry: 66.17% of the companies in the same industry are doing better.
  • In the last couple of years the Gross Margin of BH.A has grown nicely.
Industry RankSector Rank
OM 6.19%
PM (TTM) 0.54%
GM 38.28%
OM growth 3Y-13.98%
OM growth 5Y50.65%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.62%
GM growth 5Y13.62%
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 0 10 20 30 40

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8

2. Health

2.1 Basic Checks

  • BH.A has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for BH.A remains at a similar level compared to 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.
BH.A Yearly Shares OutstandingBH.A Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 200M 400M 600M 800M 1B

2.2 Solvency

  • An Altman-Z score of 8.07 indicates that BH.A is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 8.07, BH.A belongs to the best of the industry, outperforming 94.74% of the companies in the same industry.
  • BH.A has a debt to FCF ratio of 3.77. This is a good value and a sign of high solvency as BH.A would need 3.77 years to pay back of all of its debts.
  • The Debt to FCF ratio of BH.A (3.77) is better than 81.20% of its industry peers.
  • BH.A has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of BH.A (0.48) is better than 67.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 3.77
Altman-Z 8.07
ROIC/WACC0.25
WACC8.8%
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 200M 400M 600M

2.3 Liquidity

  • A Current Ratio of 2.83 indicates that BH.A has no problem at all paying its short term obligations.
  • BH.A has a Current ratio of 2.83. This is amongst the best in the industry. BH.A outperforms 91.73% of its industry peers.
  • A Quick Ratio of 2.80 indicates that BH.A has no problem at all paying its short term obligations.
  • With an excellent Quick ratio value of 2.80, BH.A belongs to the best of the industry, outperforming 92.48% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.83
Quick Ratio 2.8
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 50M 100M 150M 200M 250M

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0

3. Growth

3.1 Past

  • The earnings per share for BH.A have decreased strongly by -94.31% in the last year.
  • Looking at the last year, BH.A shows a small growth in Revenue. The Revenue has grown by 6.87% in the last year.
  • Measured over the past years, BH.A shows a very negative growth in Revenue. The Revenue has been decreasing by -11.55% on average per year.
EPS 1Y (TTM)-94.31%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-117.77%
Revenue 1Y (TTM)6.87%
Revenue growth 3Y-0.36%
Revenue growth 5Y-11.55%
Sales Q2Q%10.32%

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 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. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 456.14, which means the current valuation is very expensive for BH.A.
  • Based on the Price/Earnings ratio, BH.A is valued a bit more expensive than 63.91% of the companies in the same industry.
  • BH.A is valuated expensively when we compare the Price/Earnings ratio to 26.94, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 456.14
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

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 83.46% of the companies in the same industry.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as BH.A.
Industry RankSector Rank
P/FCF 65.37
EV/EBITDA 82.14
BH.A Per share dataBH.A EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150 200 250

4.3 Compensation for Growth

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

More info and screens

0

5. Dividend

5.1 Amount

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

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BIGLARI HOLDINGS INC-A

NYSE:BH.A (1/20/2026, 6:40:00 PM)

2326.3

-52.42 (-2.2%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)11-07
Earnings (Next)02-27
Inst Owners93.18%
Inst Owner Change0%
Ins Owners0.4%
Ins Owner ChangeN/A
Market Cap5.30B
Revenue(TTM)386.51M
Net Income(TTM)2.09M
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 456.14
Fwd PE N/A
P/S 13.72
P/FCF 65.37
P/OCF 49.49
P/B 9.14
P/tB 10.52
EV/EBITDA 82.14
EPS(TTM)5.1
EY0.22%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)35.59
FCFY1.53%
OCF(TTM)47.01
OCFY2.02%
SpS169.52
BVpS254.51
TBVpS221.07
PEG (NY)N/A
PEG (5Y)N/A
Graham Number170.89
Profitability
Industry RankSector Rank
ROA 0.19%
ROE 0.36%
ROCE 2.55%
ROIC 2.19%
ROICexc 3.61%
ROICexgc 4.17%
OM 6.19%
PM (TTM) 0.54%
GM 38.28%
FCFM 20.99%
ROA(3y)0.71%
ROA(5y)0.47%
ROE(3y)0.87%
ROE(5y)0.38%
ROIC(3y)4.28%
ROIC(5y)4.07%
ROICexc(3y)5.11%
ROICexc(5y)4.86%
ROICexgc(3y)5.84%
ROICexgc(5y)5.56%
ROCE(3y)5.05%
ROCE(5y)4.78%
ROICexgc growth 3Y-14.08%
ROICexgc growth 5Y44.59%
ROICexc growth 3Y-14.03%
ROICexc growth 5Y43.14%
OM growth 3Y-13.98%
OM growth 5Y50.65%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.62%
GM growth 5Y13.62%
F-Score4
Asset Turnover0.36
Health
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 3.77
Debt/EBITDA 4.35
Cap/Depr 64.86%
Cap/Sales 6.74%
Interest Coverage 250
Cash Conversion 167.28%
Profit Quality 3878.39%
Current Ratio 2.83
Quick Ratio 2.8
Altman-Z 8.07
F-Score4
WACC8.8%
ROIC/WACC0.25
Cap/Depr(3y)72.81%
Cap/Depr(5y)99.4%
Cap/Sales(3y)7.64%
Cap/Sales(5y)9.06%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-94.31%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-117.77%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)6.87%
Revenue growth 3Y-0.36%
Revenue growth 5Y-11.55%
Sales Q2Q%10.32%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-1.66%
EBIT growth 3Y-14.29%
EBIT growth 5Y33.25%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y51.75%
FCF growth 3Y-51.22%
FCF growth 5Y-24.16%
OCF growth 1Y39.79%
OCF growth 3Y-39.9%
OCF growth 5Y-11.92%

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 3 / 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 8 / 10.