BIGLARI HOLDINGS INC-B (BH) Fundamental Analysis & Valuation

NYSE:BH • US08986R3093

Current stock price

332.695 USD
-2.67 (-0.79%)
Last:

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

2

1. BH Profitability Analysis

1.1 Basic Checks

  • In the past year BH has reported negative net income.
  • In the past year BH had a positive cash flow from operations.
  • 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.
BH Yearly Net Income VS EBIT VS OCF VS FCFBH 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 has a Return On Assets of -3.66%. This is in the lower half of the industry: BH underperforms 75.40% of its industry peers.
  • BH has a Return On Equity of -7.16%. This is comparable to the rest of the industry: BH outperforms 46.03% of its industry peers.
  • With a Return On Invested Capital value of 1.98%, BH is not doing good in the industry: 69.84% of the companies in the same industry are doing better.
  • The Average Return On Invested Capital over the past 3 years for BH is significantly below the industry average of 10.55%.
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 Yearly ROA, ROE, ROICBH 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 is doing worse than 61.11% of the companies in the same industry.
  • BH's Operating Margin has declined in the last couple of years.
  • BH has a Gross Margin of 37.80%. This is in the lower half of the industry: BH underperforms 68.25% of its industry peers.
  • In the last couple of years the Gross Margin of BH has grown nicely.
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 Yearly Profit, Operating, Gross MarginsBH 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 Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BH is destroying value.
  • BH has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for BH has been reduced compared to 5 years ago.
  • Compared to 1 year ago, BH has a worse debt to assets ratio.
BH Yearly Shares OutstandingBH Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500K 1M 1.5M 2M
BH Yearly Total Debt VS Total AssetsBH 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

  • An Altman-Z score of 2.44 indicates that BH is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of BH (2.44) is better than 61.11% of its industry peers.
  • BH has a debt to FCF ratio of 4.13. This is a neutral value as BH 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 is doing good in the industry, outperforming 77.78% of the companies in the same industry.
  • BH has a Debt/Equity ratio of 0.53. This is a neutral value indicating BH is somewhat dependend on debt financing.
  • The Debt to Equity ratio of BH (0.53) is better than 65.87% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 4.13
Altman-Z 2.44
ROIC/WACC0.25
WACC7.82%
BH Yearly LT Debt VS Equity VS FCFBH 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

  • A Current Ratio of 2.43 indicates that BH has no problem at all paying its short term obligations.
  • BH's Current ratio of 2.43 is amongst the best of the industry. BH outperforms 88.89% of its industry peers.
  • A Quick Ratio of 2.40 indicates that BH has no problem at all paying its short term obligations.
  • BH's Quick ratio of 2.40 is amongst the best of the industry. BH outperforms 89.68% of its industry peers.
Industry RankSector Rank
Current Ratio 2.43
Quick Ratio 2.4
BH Yearly Current Assets VS Current LiabilitesBH 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 Growth Analysis

3.1 Past

  • The earnings per share for BH 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 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.
BH Yearly Revenue VS EstimatesBH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
BH Yearly EPS VS EstimatesBH Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 -2 -4 -6 -8

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2

4. BH Valuation Analysis

4.1 Price/Earnings Ratio

  • BH reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
BH Price Earnings VS Forward Price EarningsBH 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

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as BH.
  • 91.27% of the companies in the same industry are more expensive than BH, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 9.95
EV/EBITDA 10.83
BH Per share dataBH 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 Dividend Analysis

5.1 Amount

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

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BH Fundamentals: All Metrics, Ratios and Statistics

BIGLARI HOLDINGS INC-B

NYSE:BH (4/16/2026, 10:13:01 AM)

332.695

-2.67 (-0.79%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)03-02
Earnings (Next)05-07
Inst Owners92.36%
Inst Owner Change0%
Ins Owners0.39%
Ins Owner Change0%
Market Cap761.87M
Revenue(TTM)395.26M
Net Income(TTM)-37.49M
Analysts43.33
Price TargetN/A
Short Float %51.15%
Short Ratio0.85
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 1.93
P/FCF 9.95
P/OCF 7.12
P/B 1.46
P/tB 1.7
EV/EBITDA 10.83
EPS(TTM)-72.75
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)33.45
FCFY10.05%
OCF(TTM)46.71
OCFY14.04%
SpS172.6
BVpS228.57
TBVpS195.28
PEG (NY)N/A
PEG (5Y)N/A
Graham Number0 (-100%)
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 2.44
F-Score3
WACC7.82%
ROIC/WACC0.25
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-B / BH Fundamental Analysis FAQ

What is the fundamental rating for BH stock?

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


What is the valuation status for BH stock?

ChartMill assigns a valuation rating of 2 / 10 to BIGLARI HOLDINGS INC-B (BH). This can be considered as Overvalued.


Can you provide the profitability details for BIGLARI HOLDINGS INC-B?

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