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

TSX:BYD - CA1033101082 - Common Stock

225.48 CAD
-2.96 (-1.3%)
Last: 8/29/2025, 7:00:00 PM
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. While BYD is still in line with the averages on profitability rating, there are concerns on its financial health. BYD is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

5

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.
BYD had positive earnings in each of the past 5 years.
Each year in the past 5 years BYD had a positive operating cash flow.
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

With a Return On Assets value of 0.33%, BYD perfoms like the industry average, outperforming 54.17% of the companies in the same industry.
BYD has a Return On Equity (0.97%) which is comparable to the rest of the industry.
BYD has a Return On Invested Capital (3.81%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BYD is in line with the industry average of 6.97%.
Industry RankSector Rank
ROA 0.33%
ROE 0.97%
ROIC 3.81%
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 (0.27%) which is comparable to the rest of the industry.
BYD's Profit Margin has declined in the last couple of years.
BYD has a Operating Margin of 3.38%. This is comparable to the rest of the industry: BYD outperforms 50.00% of its industry peers.
In the last couple of years the Operating Margin of BYD has declined.
BYD has a Gross Margin of 46.13%. This is amongst the best in the industry. BYD outperforms 87.50% 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) 0.27%
GM 46.13%
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

BYD has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, BYD has about the same amount of shares outstanding.
Compared to 5 years ago, BYD has more shares outstanding
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

An Altman-Z score of 2.66 indicates that BYD is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 2.66, BYD is doing good in the industry, outperforming 66.67% of the companies in the same industry.
BYD has a debt to FCF ratio of 4.98. This is a neutral value as BYD would need 4.98 years to pay back of all of its debts.
The Debt to FCF ratio of BYD (4.98) is better than 66.67% of its industry peers.
A Debt/Equity ratio of 1.35 is on the high side and indicates that BYD has dependencies on debt financing.
BYD's Debt to Equity ratio of 1.35 is in line compared to the rest of the industry. BYD outperforms 41.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.35
Debt/FCF 4.98
Altman-Z 2.66
ROIC/WACC0.46
WACC8.35%
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

A Current Ratio of 0.59 indicates that BYD may have some problems paying its short term obligations.
With a Current ratio value of 0.59, BYD is not doing good in the industry: 79.17% of the companies in the same industry are doing better.
A Quick Ratio of 0.44 indicates that BYD may have some problems paying its short term obligations.
BYD's Quick ratio of 0.44 is on the low side compared to the rest of the industry. BYD is outperformed by 79.17% 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

The earnings per share for BYD have decreased strongly by -64.51% in the last year.
BYD shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -17.70% yearly.
The Revenue has been growing slightly by 0.65% in the past year.
BYD shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.27% yearly.
EPS 1Y (TTM)-64.51%
EPS 3Y3.2%
EPS 5Y-17.7%
EPS Q2Q%-10.71%
Revenue 1Y (TTM)0.65%
Revenue growth 3Y17.92%
Revenue growth 5Y12.27%
Sales Q2Q%0.16%

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 55.18% on average per year.
BYD is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.43% yearly.
EPS Next Y36%
EPS Next 2Y69.87%
EPS Next 3Y59.34%
EPS Next 5Y55.18%
Revenue Next Year2.55%
Revenue Next 2Y5.96%
Revenue Next 3Y7.17%
Revenue Next 5Y10.43%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
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

BYD is valuated quite expensively with a Price/Earnings ratio of 157.68.
BYD's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of BYD to the average of the S&P500 Index (27.13), we can say BYD is valued expensively.
BYD is valuated quite expensively with a Price/Forward Earnings ratio of 39.46.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BYD is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.76, BYD is valued quite expensively.
Industry RankSector Rank
PE 157.68
Fwd PE 39.46
BYD.CA Price Earnings VS Forward Price EarningsBYD.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

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.
79.17% of the companies in the same industry are more expensive than BYD, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 13.95
EV/EBITDA 14.02
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

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 59.34% in the coming years. This may justify a more expensive valuation.
PEG (NY)4.38
PEG (5Y)N/A
EPS Next 2Y69.87%
EPS Next 3Y59.34%

5

5. Dividend

5.1 Amount

With a yearly dividend of 0.27%, BYD is not a good candidate for dividend investing.
BYD's Dividend Yield is a higher than the industry average which is at 2.33.
With a Dividend Yield of 0.27, BYD pays less dividend than the S&P500 average, which is at 2.32.
Industry RankSector Rank
Dividend Yield 0.27%

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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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

BYD pays out 114.61% of its income as dividend. This is not a sustainable payout ratio.
BYD's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP114.61%
EPS Next 2Y69.87%
EPS Next 3Y59.34%
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 (8/29/2025, 7:00:00 PM)

225.48

-2.96 (-1.3%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)08-13 2025-08-13/bmo
Earnings (Next)11-03 2025-11-03/bmo
Inst Owners63.67%
Inst Owner ChangeN/A
Ins Owners0.14%
Ins Owner ChangeN/A
Market Cap4.84B
Analysts82.22
Price Target267.24 (18.52%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.27%
Yearly Dividend0.6
Dividend Growth(5Y)1.52%
DP114.61%
Div Incr Years17
Div Non Decr Years17
Ex-Date06-30 2025-06-30 (0.153)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-22.86%
Min EPS beat(2)-30.76%
Max EPS beat(2)-14.97%
EPS beat(4)1
Avg EPS beat(4)-21.11%
Min EPS beat(4)-69.21%
Max EPS beat(4)30.51%
EPS beat(8)1
Avg EPS beat(8)-20.84%
EPS beat(12)3
Avg EPS beat(12)-13.57%
EPS beat(16)6
Avg EPS beat(16)-2.2%
Revenue beat(2)0
Avg Revenue beat(2)-2.6%
Min Revenue beat(2)-3.1%
Max Revenue beat(2)-2.09%
Revenue beat(4)0
Avg Revenue beat(4)-1.83%
Min Revenue beat(4)-3.1%
Max Revenue beat(4)-0.34%
Revenue beat(8)0
Avg Revenue beat(8)-1.5%
Revenue beat(12)4
Avg Revenue beat(12)-0.07%
Revenue beat(16)8
Avg Revenue beat(16)0.79%
PT rev (1m)-1.23%
PT rev (3m)-1.22%
EPS NQ rev (1m)-8.8%
EPS NQ rev (3m)-30.96%
EPS NY rev (1m)-28.52%
EPS NY rev (3m)-28.52%
Revenue NQ rev (1m)-0.25%
Revenue NQ rev (3m)-5.07%
Revenue NY rev (1m)-0.41%
Revenue NY rev (3m)-3.41%
Valuation
Industry RankSector Rank
PE 157.68
Fwd PE 39.46
P/S 1.15
P/FCF 13.95
P/OCF 10.93
P/B 4.19
P/tB N/A
EV/EBITDA 14.02
EPS(TTM)1.43
EY0.63%
EPS(NY)5.71
Fwd EY2.53%
FCF(TTM)16.16
FCFY7.17%
OCF(TTM)20.62
OCFY9.14%
SpS196.2
BVpS53.76
TBVpS-9.69
PEG (NY)4.38
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.33%
ROE 0.97%
ROCE 5.08%
ROIC 3.81%
ROICexc 3.84%
ROICexgc 7.54%
OM 3.38%
PM (TTM) 0.27%
GM 46.13%
FCFM 8.24%
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 Turnover1.23
Health
Industry RankSector Rank
Debt/Equity 1.35
Debt/FCF 4.98
Debt/EBITDA 3.33
Cap/Depr 29.49%
Cap/Sales 2.27%
Interest Coverage 0.9
Cash Conversion 94.77%
Profit Quality 3106.27%
Current Ratio 0.59
Quick Ratio 0.44
Altman-Z 2.66
F-Score4
WACC8.35%
ROIC/WACC0.46
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)-64.51%
EPS 3Y3.2%
EPS 5Y-17.7%
EPS Q2Q%-10.71%
EPS Next Y36%
EPS Next 2Y69.87%
EPS Next 3Y59.34%
EPS Next 5Y55.18%
Revenue 1Y (TTM)0.65%
Revenue growth 3Y17.92%
Revenue growth 5Y12.27%
Sales Q2Q%0.16%
Revenue Next Year2.55%
Revenue Next 2Y5.96%
Revenue Next 3Y7.17%
Revenue Next 5Y10.43%
EBIT growth 1Y-30.46%
EBIT growth 3Y25.53%
EBIT growth 5Y-0.48%
EBIT Next Year246.08%
EBIT Next 3Y68.19%
EBIT Next 5Y46.15%
FCF growth 1Y-11.56%
FCF growth 3Y13.25%
FCF growth 5Y3.51%
OCF growth 1Y-3.02%
OCF growth 3Y16.78%
OCF growth 5Y7.03%