THE BOYD GROUP INC (BYD.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:BYD - CA1033101082 - Common Stock
222.22 CAD
-2.86 (-1.27%)
BYD gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 24 industry peers in the Commercial Services & Supplies industry. BYD has a medium profitability rating, but doesn't score so well on its financial health evaluation. BYD is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year BYD was profitable.
- In the past year BYD had a positive cash flow from operations.
- In the past 5 years BYD has always been profitable.
- In the past 5 years BYD always reported a positive cash flow from operatings.
1.2 Ratios
- BYD has a Return On Assets (0.62%) which is comparable to the rest of the industry.
- With a Return On Equity value of 1.89%, BYD perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
- BYD has a better Return On Invested Capital (4.11%) than 62.50% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for BYD is in line with the industry average of 5.81%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.62% | ||
| ROE | 1.89% | ||
| ROIC | 4.11% |
ROA(3y)2.19%
ROA(5y)2.1%
ROE(3y)6.3%
ROE(5y)5.64%
ROIC(3y)5.13%
ROIC(5y)4.64%
1.3 Margins
- BYD has a Profit Margin (0.52%) which is in line with its industry peers.
- BYD's Profit Margin has declined in the last couple of years.
- With a Operating Margin value of 3.78%, BYD perfoms like the industry average, outperforming 58.33% of the companies in the same industry.
- BYD's Operating Margin has declined in the last couple of years.
- BYD has a better Gross Margin (46.29%) than 91.67% of its industry peers.
- In the last couple of years the Gross Margin of BYD has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.78% | ||
| PM (TTM) | 0.52% | ||
| GM | 46.29% |
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%
2. Health
2.1 Basic Checks
- BYD 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 BYD remains at a similar level compared to 1 year ago.
- Compared to 5 years ago, BYD has more shares outstanding
- BYD has a worse debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 2.90 indicates that BYD is not a great score, but indicates only limited risk for bankruptcy at the moment.
- BYD has a better Altman-Z score (2.90) than 79.17% of its industry peers.
- BYD has a debt to FCF ratio of 4.66. This is a neutral value as BYD would need 4.66 years to pay back of all of its debts.
- BYD has a Debt to FCF ratio of 4.66. This is in the better half of the industry: BYD outperforms 79.17% of its industry peers.
- BYD has a Debt/Equity ratio of 1.43. This is a high value indicating a heavy dependency on external financing.
- BYD has a Debt to Equity ratio (1.43) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | 4.66 | ||
| Altman-Z | 2.9 |
ROIC/WACC0.52
WACC7.84%
2.3 Liquidity
- BYD has a Current Ratio of 0.70. This is a bad value and indicates that BYD is not financially healthy enough and could expect problems in meeting its short term obligations.
- With a Current ratio value of 0.70, BYD is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
- BYD has a Quick Ratio of 0.70. This is a bad value and indicates that BYD is not financially healthy enough and could expect problems in meeting its short term obligations.
- BYD has a worse Quick ratio (0.56) than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.56 |
3. Growth
3.1 Past
- BYD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -27.40%.
- The earnings per share for BYD have been decreasing by -17.70% on average. This is quite bad
- Looking at the last year, BYD shows a small growth in Revenue. The Revenue has grown by 1.41% in the last year.
- Measured over the past years, BYD shows a quite strong growth in Revenue. The Revenue has been growing by 12.27% on average per year.
EPS 1Y (TTM)-27.4%
EPS 3Y3.2%
EPS 5Y-17.7%
EPS Q2Q%313.33%
Revenue 1Y (TTM)1.41%
Revenue growth 3Y17.92%
Revenue growth 5Y12.27%
Sales Q2Q%5.04%
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 51.50% on average per year.
- The Revenue is expected to grow by 15.11% on average over the next years. This is quite good.
EPS Next Y26.48%
EPS Next 2Y63.69%
EPS Next 3Y55.31%
EPS Next 5Y51.5%
Revenue Next Year3.17%
Revenue Next 2Y14.25%
Revenue Next 3Y13.71%
Revenue Next 5Y15.11%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 106.84, which means the current valuation is very expensive for BYD.
- Compared to the rest of the industry, the Price/Earnings ratio of BYD is on the same level as its industry peers.
- BYD is valuated expensively when we compare the Price/Earnings ratio to 27.21, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 41.85 indicates a quite expensive valuation of BYD.
- BYD's Price/Forward Earnings is on the same level as the industry average.
- The average S&P500 Price/Forward Earnings ratio is at 25.98. BYD is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 106.84 | ||
| Fwd PE | 41.85 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BYD is on the same level as its industry peers.
- Based on the Price/Free Cash Flow ratio, BYD is valued a bit cheaper than 79.17% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.57 | ||
| EV/EBITDA | 16.17 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- BYD's earnings are expected to grow with 55.31% in the coming years. This may justify a more expensive valuation.
PEG (NY)4.03
PEG (5Y)N/A
EPS Next 2Y63.69%
EPS Next 3Y55.31%
5. Dividend
5.1 Amount
- BYD has a yearly dividend return of 0.28%, which is pretty low.
- Compared to an average industry Dividend Yield of 1.00, BYD pays a bit more dividend than its industry peers.
- With a Dividend Yield of 0.28, BYD pays less dividend than the S&P500 average, which is at 1.81.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.28% |
5.2 History
- The dividend of BYD has a limited annual growth rate of 1.52%.
- BYD has been paying a dividend for at least 10 years, so it has 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
5.3 Sustainability
- 58.23% of the earnings are spent on dividend by BYD. This is a bit on the high side, but may be sustainable.
- BYD's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP58.23%
EPS Next 2Y63.69%
EPS Next 3Y55.31%
THE BOYD GROUP INC / BYD.CA FAQ
What is the fundamental rating for BYD stock?
ChartMill assigns a fundamental rating of 4 / 10 to BYD.CA.
Can you provide the valuation status for THE BOYD GROUP INC?
ChartMill assigns a valuation rating of 3 / 10 to THE BOYD GROUP INC (BYD.CA). This can be considered as Overvalued.
How profitable is THE BOYD GROUP INC (BYD.CA) stock?
THE BOYD GROUP INC (BYD.CA) has a profitability rating of 5 / 10.
What is the valuation of THE BOYD GROUP INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for THE BOYD GROUP INC (BYD.CA) is 106.84 and the Price/Book (PB) ratio is 5.3.
How financially healthy is THE BOYD GROUP INC?
The financial health rating of THE BOYD GROUP INC (BYD.CA) is 3 / 10.