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BOYD GROUP SERVICES INC (BYD.CA) Stock Fundamental Analysis

TSX:BYD - Toronto Stock Exchange - CA1033101082 - Common Stock - Currency: CAD

212  +2.41 (+1.15%)

Fundamental Rating

4

Taking everything into account, BYD scores 4 out of 10 in our fundamental rating. BYD was compared to 24 industry peers in the Commercial Services & Supplies industry. There are concerns on the financial health of BYD while its profitability can be described as average. While showing a medium growth rate, BYD is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

BYD had positive earnings in the past year.
In the past year BYD had a positive cash flow from operations.
Each year in the past 5 years BYD has been profitable.
In the past 5 years BYD always reported a positive cash flow from operatings.
BYD.CA Yearly Net Income VS EBIT VS OCF VS FCFBYD.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

1.2 Ratios

BYD has a Return On Assets of 0.55%. This is comparable to the rest of the industry: BYD outperforms 54.17% of its industry peers.
With a Return On Equity value of 1.64%, BYD perfoms like the industry average, outperforming 54.17% of the companies in the same industry.
BYD has a Return On Invested Capital (3.84%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for BYD is below the industry average of 7.19%.
Industry RankSector Rank
ROA 0.55%
ROE 1.64%
ROIC 3.84%
ROA(3y)2.19%
ROA(5y)2.1%
ROE(3y)6.3%
ROE(5y)5.64%
ROIC(3y)5.13%
ROIC(5y)4.64%
BYD.CA Yearly ROA, ROE, ROICBYD.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 -10

1.3 Margins

BYD has a Profit Margin (0.44%) which is in line with its industry peers.
In the last couple of years the Profit Margin of BYD has declined.
BYD has a Operating Margin (3.38%) which is in line with its industry peers.
In the last couple of years the Operating Margin of BYD has declined.
The Gross Margin of BYD (45.83%) is better than 83.33% of its industry peers.
BYD's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 3.38%
PM (TTM) 0.44%
GM 45.83%
OM growth 3Y6.46%
OM growth 5Y-11.36%
PM growth 3Y-14.01%
PM growth 5Y-22.24%
GM growth 3Y0.65%
GM growth 5Y0.04%
BYD.CA Yearly Profit, Operating, Gross MarginsBYD.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40

3

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BYD is destroying value.
Compared to 1 year ago, BYD has about the same amount of shares outstanding.
BYD has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, BYD has a worse debt to assets ratio.
BYD.CA Yearly Shares OutstandingBYD.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M
BYD.CA Yearly Total Debt VS Total AssetsBYD.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

BYD has an Altman-Z score of 2.61. This is not the best score and indicates that BYD is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.61, BYD is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
BYD has a debt to FCF ratio of 5.57. This is a neutral value as BYD would need 5.57 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 5.57, BYD is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
BYD has a Debt/Equity ratio of 1.37. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.37, BYD perfoms like the industry average, outperforming 45.83% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.37
Debt/FCF 5.57
Altman-Z 2.61
ROIC/WACC0.5
WACC7.65%
BYD.CA Yearly LT Debt VS Equity VS FCFBYD.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.3 Liquidity

BYD has a Current Ratio of 0.59. This is a bad value and indicates that BYD is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.59, BYD is doing worse than 75.00% of the companies in the same industry.
A Quick Ratio of 0.44 indicates that BYD may have some problems paying its short term obligations.
BYD has a worse Quick ratio (0.44) than 75.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.59
Quick Ratio 0.44
BYD.CA Yearly Current Assets VS Current LiabilitesBYD.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

5

3. Growth

3.1 Past

BYD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -69.70%.
The earnings per share for BYD have been decreasing by -17.70% on average. This is quite bad
The Revenue has been growing slightly by 1.48% in the past year.
The Revenue has been growing by 12.27% on average over the past years. This is quite good.
EPS 1Y (TTM)-69.7%
EPS 3Y3.2%
EPS 5Y-17.7%
EPS Q2Q%-77.27%
Revenue 1Y (TTM)1.48%
Revenue growth 3Y17.92%
Revenue growth 5Y12.27%
Sales Q2Q%-1.05%

3.2 Future

Based on estimates for the next years, BYD will show a very strong growth in Earnings Per Share. The EPS will grow by 55.35% on average per year.
Based on estimates for the next years, BYD will show a quite strong growth in Revenue. The Revenue will grow by 10.39% on average per year.
EPS Next Y90.25%
EPS Next 2Y83.85%
EPS Next 3Y65.64%
EPS Next 5Y55.35%
Revenue Next Year6.17%
Revenue Next 2Y8.24%
Revenue Next 3Y9.34%
Revenue Next 5Y10.39%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
BYD.CA Yearly Revenue VS EstimatesBYD.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1B 2B 3B 4B 5B
BYD.CA Yearly EPS VS EstimatesBYD.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6 8 10

3

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 141.33, BYD can be considered very expensive at the moment.
BYD's Price/Earnings is on the same level as the industry average.
BYD's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.51.
BYD is valuated quite expensively with a Price/Forward Earnings ratio of 31.85.
Based on the Price/Forward Earnings ratio, BYD is valued a bit more expensive than 62.50% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.58, BYD is valued at the same level.
Industry RankSector Rank
PE 141.33
Fwd PE 31.85
BYD.CA Price Earnings VS Forward Price EarningsBYD.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BYD indicates a somewhat cheap valuation: BYD is cheaper than 62.50% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, BYD is valued a bit cheaper than the industry average as 79.17% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 14.79
EV/EBITDA 13.66
BYD.CA Per share dataBYD.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 100 150

4.3 Compensation for Growth

BYD's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
BYD's earnings are expected to grow with 65.64% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.57
PEG (5Y)N/A
EPS Next 2Y83.85%
EPS Next 3Y65.64%

5

5. Dividend

5.1 Amount

With a yearly dividend of 0.29%, BYD is not a good candidate for dividend investing.
BYD's Dividend Yield is a higher than the industry average which is at 2.24.
Compared to an average S&P500 Dividend Yield of 2.35, BYD's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.29%

5.2 History

The dividend of BYD has a limited annual growth rate of 1.52%.
BYD has paid a dividend for at least 10 years, which is a reliable track record.
BYD has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)1.52%
Div Incr Years17
Div Non Decr Years17
BYD.CA Yearly Dividends per shareBYD.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

68.97% of the earnings are spent on dividend by BYD. This is not a sustainable payout ratio.
BYD's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP68.97%
EPS Next 2Y83.85%
EPS Next 3Y65.64%
BYD.CA Yearly Income VS Free CF VS DividendBYD.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M
BYD.CA Dividend Payout.BYD.CA Dividend Payout, showing the Payout Ratio.BYD.CA Dividend Payout.PayoutRetained Earnings

BOYD GROUP SERVICES INC

TSX:BYD (7/14/2025, 7:00:00 PM)

212

+2.41 (+1.15%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)05-14 2025-05-14/bmo
Earnings (Next)08-06 2025-08-06/bmo
Inst Owners63.67%
Inst Owner ChangeN/A
Ins Owners0.14%
Ins Owner ChangeN/A
Market Cap4.55B
Analysts82.22
Price Target270.57 (27.63%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.29%
Yearly Dividend0.6
Dividend Growth(5Y)1.52%
DP68.97%
Div Incr Years17
Div Non Decr Years17
Ex-Date06-30 2025-06-30 (0.153)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.12%
Min EPS beat(2)-30.76%
Max EPS beat(2)30.51%
EPS beat(4)1
Avg EPS beat(4)-21.25%
Min EPS beat(4)-69.21%
Max EPS beat(4)30.51%
EPS beat(8)2
Avg EPS beat(8)-16.22%
EPS beat(12)4
Avg EPS beat(12)-3.2%
EPS beat(16)6
Avg EPS beat(16)-1.73%
Revenue beat(2)0
Avg Revenue beat(2)-1.72%
Min Revenue beat(2)-3.1%
Max Revenue beat(2)-0.34%
Revenue beat(4)0
Avg Revenue beat(4)-1.86%
Min Revenue beat(4)-3.1%
Max Revenue beat(4)-0.34%
Revenue beat(8)1
Avg Revenue beat(8)-0.84%
Revenue beat(12)5
Avg Revenue beat(12)0.68%
Revenue beat(16)9
Avg Revenue beat(16)1.07%
PT rev (1m)2.82%
PT rev (3m)-1.08%
EPS NQ rev (1m)-1.89%
EPS NQ rev (3m)-21.79%
EPS NY rev (1m)0%
EPS NY rev (3m)-15.28%
Revenue NQ rev (1m)-0.65%
Revenue NQ rev (3m)-4.84%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.82%
Valuation
Industry RankSector Rank
PE 141.33
Fwd PE 31.85
P/S 1.09
P/FCF 14.79
P/OCF 11.07
P/B 4.03
P/tB N/A
EV/EBITDA 13.66
EPS(TTM)1.5
EY0.71%
EPS(NY)6.66
Fwd EY3.14%
FCF(TTM)14.33
FCFY6.76%
OCF(TTM)19.15
OCFY9.03%
SpS195.01
BVpS52.63
TBVpS-10.06
PEG (NY)1.57
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.55%
ROE 1.64%
ROCE 5.11%
ROIC 3.84%
ROICexc 3.84%
ROICexgc 7.47%
OM 3.38%
PM (TTM) 0.44%
GM 45.83%
FCFM 7.35%
ROA(3y)2.19%
ROA(5y)2.1%
ROE(3y)6.3%
ROE(5y)5.64%
ROIC(3y)5.13%
ROIC(5y)4.64%
ROICexc(3y)5.18%
ROICexc(5y)4.74%
ROICexgc(3y)10.88%
ROICexgc(5y)10.65%
ROCE(3y)6.83%
ROCE(5y)6.19%
ROICexcg growth 3Y9.42%
ROICexcg growth 5Y-16.32%
ROICexc growth 3Y17.12%
ROICexc growth 5Y-11.35%
OM growth 3Y6.46%
OM growth 5Y-11.36%
PM growth 3Y-14.01%
PM growth 5Y-22.24%
GM growth 3Y0.65%
GM growth 5Y0.04%
F-Score4
Asset Turnover1.24
Health
Industry RankSector Rank
Debt/Equity 1.37
Debt/FCF 5.57
Debt/EBITDA 3.36
Cap/Depr 32.64%
Cap/Sales 2.47%
Interest Coverage 0.92
Cash Conversion 89.65%
Profit Quality 1663.75%
Current Ratio 0.59
Quick Ratio 0.44
Altman-Z 2.61
F-Score4
WACC7.65%
ROIC/WACC0.5
Cap/Depr(3y)28.51%
Cap/Depr(5y)25.72%
Cap/Sales(3y)2%
Cap/Sales(5y)1.92%
Profit Quality(3y)618.7%
Profit Quality(5y)601.82%
High Growth Momentum
Growth
EPS 1Y (TTM)-69.7%
EPS 3Y3.2%
EPS 5Y-17.7%
EPS Q2Q%-77.27%
EPS Next Y90.25%
EPS Next 2Y83.85%
EPS Next 3Y65.64%
EPS Next 5Y55.35%
Revenue 1Y (TTM)1.48%
Revenue growth 3Y17.92%
Revenue growth 5Y12.27%
Sales Q2Q%-1.05%
Revenue Next Year6.17%
Revenue Next 2Y8.24%
Revenue Next 3Y9.34%
Revenue Next 5Y10.39%
EBIT growth 1Y-36.82%
EBIT growth 3Y25.53%
EBIT growth 5Y-0.48%
EBIT Next Year246.08%
EBIT Next 3Y68.19%
EBIT Next 5Y46.11%
FCF growth 1Y-9.27%
FCF growth 3Y13.25%
FCF growth 5Y3.51%
OCF growth 1Y4.11%
OCF growth 3Y16.78%
OCF growth 5Y7.03%