BIGLARI HOLDINGS INC-B (BH) Stock Fundamental Analysis
NYSE:BH - New York Stock Exchange, Inc. - US08986R3093 - Common Stock - Currency: USD
BH gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 135 industry peers in the Hotels, Restaurants & Leisure industry. BH has an excellent financial health rating, but there are some minor concerns on its profitability. BH has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year BH was profitable.
BH had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: BH reported negative net income in multiple years.
BH had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BH has a better Return On Assets (5.91%) than 74.81% of its industry peers.
BH's Return On Equity of 8.50% is fine compared to the rest of the industry. BH outperforms 66.67% of its industry peers.
BH has a Return On Invested Capital of 2.76%. This is in the lower half of the industry: BH underperforms 67.41% of its industry peers.
BH had an Average Return On Invested Capital over the past 3 years of 4.80%. This is significantly below the industry average of 16.11%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.91% | ||
| ROE | 8.5% | ||
| ROIC | 2.76% |
ROA(3y)2.18%
ROA(5y)1.36%
ROE(3y)3.1%
ROE(5y)1.99%
ROIC(3y)4.8%
ROIC(5y)3.64%
1.3 Margins
BH's Profit Margin of 14.14% is amongst the best of the industry. BH outperforms 85.19% of its industry peers.
BH's Profit Margin has improved in the last couple of years.
BH has a Operating Margin (6.70%) which is in line with its industry peers.
BH's Operating Margin has improved in the last couple of years.
BH has a Gross Margin of 39.32%. This is in the lower half of the industry: BH underperforms 62.22% of its industry peers.
BH's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.7% | ||
| PM (TTM) | 14.14% | ||
| GM | 39.32% |
OM growth 3Y18.21%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5Y44.41%
GM growth 3Y10.42%
GM growth 5Y18.32%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BH is destroying value.
BH has less shares outstanding than it did 1 year ago.
The number of shares outstanding for BH has been reduced compared to 5 years ago.
The debt/assets ratio for BH has been reduced compared to a year ago.
2.2 Solvency
BH has an Altman-Z score of 2.75. 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 (2.75) is better than 74.07% of its industry peers.
The Debt to FCF ratio of BH is 3.05, which is a good value as it means it would take BH, 3.05 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.05, BH belongs to the top of the industry, outperforming 80.74% of the companies in the same industry.
A Debt/Equity ratio of 0.12 indicates that BH is not too dependend on debt financing.
The Debt to Equity ratio of BH (0.12) is better than 84.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | 3.05 | ||
| Altman-Z | 2.75 |
ROIC/WACC0.31
WACC9.03%
2.3 Liquidity
BH has a Current Ratio of 1.47. This is a normal value and indicates that BH is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.47, BH is in the better half of the industry, outperforming 71.85% of the companies in the same industry.
A Quick Ratio of 1.44 indicates that BH should not have too much problems paying its short term obligations.
BH has a better Quick ratio (1.44) than 74.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.44 |
3. Growth
3.1 Past
BH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 260.91%, which is quite impressive.
Measured over the past years, BH shows a very strong growth in Earnings Per Share. The EPS has been growing by 59.32% on average per year.
Looking at the last year, BH shows a decrease in Revenue. The Revenue has decreased by -3.07% in the last year.
BH shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -14.72% yearly.
EPS 1Y (TTM)260.91%
EPS 3YN/A
EPS 5Y59.32%
EPS Q2Q%158.69%
Revenue 1Y (TTM)-3.07%
Revenue growth 3Y-5.56%
Revenue growth 5Y-14.72%
Sales Q2Q%-0.59%
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. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 2.45, which indicates a rather cheap valuation of BH.
Based on the Price/Earnings ratio, BH is valued cheaper than 99.26% of the companies in the same industry.
BH's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.45 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BH is valued cheaply inside the industry as 92.59% of the companies are valued more expensively.
BH's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BH is cheaper than 75.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.11 | ||
| EV/EBITDA | 5.37 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.04
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for BH!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
217.89
-4.01 (-1.81%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners88.33%
Inst Owner Change4.88%
Ins Owners0.41%
Ins Owner Change0%
Market Cap496.79M
Analysts43.33
Price TargetN/A
Short Float %12.77%
Short Ratio2.76
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 | 2.45 | ||
| Fwd PE | N/A | ||
| P/S | 1.37 | ||
| P/FCF | 19.11 | ||
| P/OCF | 8.87 | ||
| P/B | 0.83 | ||
| P/tB | 0.94 | ||
| EV/EBITDA | 5.37 |
EPS(TTM)88.86
EY40.78%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)11.4
FCFY5.23%
OCF(TTM)24.56
OCFY11.27%
SpS158.62
BVpS263.93
TBVpS230.67
PEG (NY)N/A
PEG (5Y)0.04
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.91% | ||
| ROE | 8.5% | ||
| ROCE | 3.22% | ||
| ROIC | 2.76% | ||
| ROICexc | 3.35% | ||
| ROICexgc | 3.81% | ||
| OM | 6.7% | ||
| PM (TTM) | 14.14% | ||
| GM | 39.32% | ||
| FCFM | 7.19% |
ROA(3y)2.18%
ROA(5y)1.36%
ROE(3y)3.1%
ROE(5y)1.99%
ROIC(3y)4.8%
ROIC(5y)3.64%
ROICexc(3y)5.72%
ROICexc(5y)4.33%
ROICexgc(3y)6.54%
ROICexgc(5y)4.95%
ROCE(3y)5.6%
ROCE(5y)4.25%
ROICexcg growth 3Y11.01%
ROICexcg growth 5YN/A
ROICexc growth 3Y11.14%
ROICexc growth 5YN/A
OM growth 3Y18.21%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5Y44.41%
GM growth 3Y10.42%
GM growth 5Y18.32%
F-Score5
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | 3.05 | ||
| Debt/EBITDA | 1.16 | ||
| Cap/Depr | 76.72% | ||
| Cap/Sales | 8.29% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 88.4% | ||
| Profit Quality | 50.83% | ||
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.44 | ||
| Altman-Z | 2.75 |
F-Score5
WACC9.03%
ROIC/WACC0.31
Cap/Depr(3y)118.64%
Cap/Depr(5y)96%
Cap/Sales(3y)10.7%
Cap/Sales(5y)7.9%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)260.91%
EPS 3YN/A
EPS 5Y59.32%
EPS Q2Q%158.69%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-3.07%
Revenue growth 3Y-5.56%
Revenue growth 5Y-14.72%
Sales Q2Q%-0.59%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-43.63%
EBIT growth 3Y11.64%
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-65.79%
FCF growth 3Y-20.01%
FCF growth 5Y76.45%
OCF growth 1Y-52.31%
OCF growth 3Y-14.69%
OCF growth 5Y28.67%