BH Fundamental Analysis - BIGLARI HOLDINGS INC-B

Fundamental Rating

We assign a fundamental rating of 2 out of 10 to BH. BH was compared to 133 industry peers in the Hotels, Restaurants & Leisure industry. While BH seems to be doing ok healthwise, there are quite some concerns on its profitability. BH is valued expensive and it does not seem to be growing.

Quickly go to:

1. Profitability

1.1 Basic Checks

BH had negative earnings in the past year.

BH had a positive operating cash flow in the past year.

In multiple years BH reported negative net income over the last 5 years.

Each year in the past 5 years BH had a positive operating cash flow.

1.2 Ratios

BH has a Return On Assets of -7.12%. This is amonst the worse of the industry: BH underperforms 80.45% of its industry peers.

With a Return On Equity value of -10.93%, BH perfoms like the industry average, outperforming 45.11% of the companies in the same industry.

BH has a Return On Invested Capital of 2.31%. This is in the lower half of the industry: BH underperforms 69.17% of its industry peers.

Measured over the past 3 years, the Average Return On Invested Capital for BH is significantly below the industry average of 13.81%.

		Industry Rank	Sector Rank
ROA	-7.12%
ROE	-10.93%
ROIC	2.31%

ROA(3y)0.72%

ROA(5y)0.48%

ROE(3y)0.87%

ROE(5y)0.39%

ROIC(3y)4.28%

ROIC(5y)4.07%

1.3 Margins

Looking at the Operating Margin, with a value of 5.23%, BH is doing worse than 63.16% of the companies in the same industry.

In the last couple of years the Operating Margin of BH has grown nicely.

Looking at the Gross Margin, with a value of 37.44%, BH is doing worse than 67.67% of the companies in the same industry.

In the last couple of years the Gross Margin of BH has grown nicely.

		Industry Rank	Sector Rank
OM	5.23%
PM (TTM)	N/A
GM	37.44%

OM growth 3Y-14.11%

OM growth 5Y50.51%

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y-0.62%

GM growth 5Y13.62%

More info and screens

ROA

ROE

ROIC

Operating and Profit Margin

Show most profitable peers

2. Health

2.1 Basic Checks

BH 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 remains at a similar level compared to 1 year ago.

BH has less shares outstanding than it did 5 years ago.

BH has a worse debt/assets ratio than last year.

2.2 Solvency

BH has an Altman-Z score of 2.94. This is not the best score and indicates that BH is in the grey zone with still only limited risk for bankruptcy at the moment.

The Altman-Z score of BH (2.94) is better than 75.19% of its industry peers.

The Debt to FCF ratio of BH is 8.80, which is on the high side as it means it would take BH, 8.80 years of fcf income to pay off all of its debts.

BH has a Debt to FCF ratio of 8.80. This is in the better half of the industry: BH outperforms 66.17% of its industry peers.

A Debt/Equity ratio of 0.21 indicates that BH is not too dependend on debt financing.

The Debt to Equity ratio of BH (0.21) is better than 78.20% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.21
Debt/FCF	8.8
Altman-Z	2.94

ROIC/WACC0.28

WACC8.38%

2.3 Liquidity

BH has a Current Ratio of 1.15. This is a normal value and indicates that BH is financially healthy and should not expect problems in meeting its short term obligations.

BH's Current ratio of 1.15 is fine compared to the rest of the industry. BH outperforms 60.90% of its industry peers.

BH has a Quick Ratio of 1.12. This is a normal value and indicates that BH is financially healthy and should not expect problems in meeting its short term obligations.

BH has a better Quick ratio (1.12) than 63.91% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	1.15
Quick Ratio	1.12

More info and screens

WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

Show peers with great health

3. Growth

3.1 Past

BH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -610.92%.

The Revenue has been growing slightly by 0.85% in the past year.

Measured over the past years, BH shows a very negative growth in Revenue. The Revenue has been decreasing by -11.55% on average per year.

EPS 1Y (TTM)-610.92%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-254.3%

Revenue 1Y (TTM)0.85%

Revenue growth 3Y-0.36%

Revenue growth 5Y-11.55%

Sales Q2Q%6.25%

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.

More info and screens

Find the best growth stocks

Show best growing peers

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for BH. In the last year negative earnings were reported.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A

4.2 Price Multiples

The rest of the industry has a similar Enterprise Value to EBITDA ratio as BH.

Compared to the rest of the industry, the Price/Free Cash Flow ratio of BH is on the same level as its industry peers.

		Industry Rank	Sector Rank
P/FCF	49.71
EV/EBITDA	12.63

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

Show best valued peers

5. Dividend

5.1 Amount

No dividends for BH!.

		Industry Rank	Sector Rank
Dividend Yield	N/A

More info and screens

Find the best dividend stocks

Show peers with best dividend

BIGLARI HOLDINGS INC-B

NYSE:BH (7/3/2025, 7:04:41 PM)

290

-2.17 (-0.74%)

Chartmill FA Rating

GICS SectorConsumer Discretionary

GICS IndustryGroupConsumer Services

GICS IndustryHotels, Restaurants & Leisure

Earnings (Last)05-09 2025-05-09/amc

Earnings (Next)08-07 2025-08-07

Inst Owners88.5%

Inst Owner Change1.46%

Ins Owners0.4%

Ins Owner Change0%

Market Cap661.20M

Analysts43.33

Price TargetN/A

Short Float %15.42%

Short Ratio1.26

Dividend

		Industry Rank	Sector Rank
Dividend Yield	N/A

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	1.8
P/FCF	49.71
P/OCF	14.07
P/B	1.22
P/tB	1.42
EV/EBITDA	12.63

EPS(TTM)-109.01

EYN/A

EPS(NY)N/A

Fwd EYN/A

FCF(TTM)5.83

FCFY2.01%

OCF(TTM)20.61

OCFY7.11%

SpS161.26

BVpS236.84

TBVpS203.51

PEG (NY)N/A

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	-7.12%
ROE	-10.93%
ROCE	2.83%
ROIC	2.31%
ROICexc	2.31%
ROICexgc	2.58%
OM	5.23%
PM (TTM)	N/A
GM	37.44%
FCFM	3.62%

ROA(3y)0.72%

ROA(5y)0.48%

ROE(3y)0.87%

ROE(5y)0.39%

ROIC(3y)4.28%

ROIC(5y)4.07%

ROICexc(3y)5.1%

ROICexc(5y)4.86%

ROICexgc(3y)5.84%

ROICexgc(5y)5.56%

ROCE(3y)5.04%

ROCE(5y)4.78%

ROICexcg growth 3Y-14.24%

ROICexcg growth 5Y44.43%

ROICexc growth 3Y-14.17%

ROICexc growth 5Y42.99%

OM growth 3Y-14.11%

OM growth 5Y50.51%

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y-0.62%

GM growth 5Y13.62%

F-Score3

Asset Turnover0.44

Health

		Industry Rank	Sector Rank
Debt/Equity	0.21
Debt/FCF	8.8
Debt/EBITDA	1.87
Cap/Depr	84.25%
Cap/Sales	9.17%
Interest Coverage	250
Cash Conversion	79.35%
Profit Quality	N/A
Current Ratio	1.15
Quick Ratio	1.12
Altman-Z	2.94

F-Score3

WACC8.38%

ROIC/WACC0.28

Cap/Depr(3y)72.69%

Cap/Depr(5y)99.33%

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)-610.92%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-254.3%

EPS Next YN/A

EPS Next 2YN/A

EPS Next 3YN/A

EPS Next 5YN/A

Revenue 1Y (TTM)0.85%

Revenue growth 3Y-0.36%

Revenue growth 5Y-11.55%

Sales Q2Q%6.25%

Revenue Next YearN/A

Revenue Next 2YN/A

Revenue Next 3YN/A

Revenue Next 5YN/A

EBIT growth 1Y-44.72%

EBIT growth 3Y-14.42%

EBIT growth 5Y33.13%

EBIT Next YearN/A

EBIT Next 3YN/A

EBIT Next 5YN/A

FCF growth 1Y-86.74%

FCF growth 3Y-51.28%

FCF growth 5Y-24.21%

OCF growth 1Y-62.88%

OCF growth 3Y-39.77%

OCF growth 5Y-11.8%

BIGLARI HOLDINGS INC-B (BH) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

More info and screens