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

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

204.97  +0.87 (+0.43%)

Fundamental Rating

4

Overall BYD gets a fundamental rating of 4 out of 10. We evaluated BYD against 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

4

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

BYD has a Return On Assets (0.55%) which is comparable to the rest of the industry.
BYD has a Return On Equity (1.64%) which is in line with its industry peers.
With a decent Return On Invested Capital value of 3.84%, BYD is doing good in the industry, outperforming 62.50% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for BYD is below the industry average of 7.91%.
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

With a Profit Margin value of 0.44%, BYD perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
BYD's Profit Margin has declined in the last couple of years.
BYD has a Operating Margin (3.38%) which is in line with its industry peers.
BYD's Operating Margin has declined in the last couple of years.
The Gross Margin of BYD (45.83%) is better than 79.17% 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 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

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.
BYD has more shares outstanding than it did 5 years ago.
The debt/assets ratio for BYD is higher compared to a year ago.
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 2.55. 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.
BYD has a Altman-Z score of 2.55. This is in the better half of the industry: BYD outperforms 66.67% of its industry peers.
The Debt to FCF ratio of BYD is 5.57, which is a neutral value as it means it would take BYD, 5.57 years of fcf income to pay off 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.
Looking at the Debt to Equity ratio, with a value of 1.37, BYD is in line with its industry, outperforming 45.83% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.37
Debt/FCF 5.57
Altman-Z 2.55
ROIC/WACC0.51
WACC7.55%
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.
BYD has a Current ratio of 0.59. This is in the lower half of the industry: BYD underperforms 79.17% of its industry peers.
A Quick Ratio of 0.44 indicates that BYD may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.44, BYD is doing worse than 79.17% of the companies in the same industry.
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 -69.70% in the last year.
Measured over the past years, BYD shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -17.70% on average per year.
Looking at the last year, BYD shows a small growth in Revenue. The Revenue has grown by 1.48% in the last 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)-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

BYD is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 54.69% yearly.
Based on estimates for the next years, BYD will show a quite strong growth in Revenue. The Revenue will grow by 10.11% on average per year.
EPS Next Y90.25%
EPS Next 2Y83.85%
EPS Next 3Y65.64%
EPS Next 5Y54.69%
Revenue Next Year6.17%
Revenue Next 2Y8.24%
Revenue Next 3Y9.34%
Revenue Next 5Y10.11%

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 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 134.85, BYD can be considered very expensive at the moment.
The rest of the industry has a similar Price/Earnings ratio as BYD.
When comparing the Price/Earnings ratio of BYD to the average of the S&P500 Index (26.25), we can say BYD is valued expensively.
The Price/Forward Earnings ratio is 30.46, which means the current valuation is very expensive for BYD.
BYD's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.15, BYD is valued a bit more expensive.
Industry RankSector Rank
PE 134.85
Fwd PE 30.46
BYD.CA Price Earnings VS Forward Price EarningsBYD.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

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.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BYD indicates a somewhat cheap valuation: BYD is cheaper than 70.83% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 14.15
EV/EBITDA 13.18
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 PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as BYD's earnings are expected to grow with 65.64% in the coming years.
PEG (NY)1.49
PEG (5Y)N/A
EPS Next 2Y83.85%
EPS Next 3Y65.64%

5

5. Dividend

5.1 Amount

With a yearly dividend of 0.30%, BYD is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.38, BYD pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.30, BYD pays less dividend than the S&P500 average, which is at 2.38.
Industry RankSector Rank
Dividend Yield 0.3%

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 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 Years16
Div Non Decr Years16
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 (5/30/2025, 7:00:00 PM)

204.97

+0.87 (+0.43%)

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 Owners52.4%
Inst Owner ChangeN/A
Ins Owners0.37%
Ins Owner ChangeN/A
Market Cap4.40B
Analysts78.75
Price Target270.54 (31.99%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.3%
Yearly Dividend0.61
Dividend Growth(5Y)1.52%
DP68.97%
Div Incr Years16
Div Non Decr Years16
Ex-Date03-31 2025-03-31 (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)-1.09%
PT rev (3m)-1.43%
EPS NQ rev (1m)-20.28%
EPS NQ rev (3m)-24.83%
EPS NY rev (1m)0%
EPS NY rev (3m)-25.39%
Revenue NQ rev (1m)-4.22%
Revenue NQ rev (3m)-6.02%
Revenue NY rev (1m)-0.48%
Revenue NY rev (3m)-1.79%
Valuation
Industry RankSector Rank
PE 134.85
Fwd PE 30.46
P/S 1.04
P/FCF 14.15
P/OCF 10.59
P/B 3.85
P/tB N/A
EV/EBITDA 13.18
EPS(TTM)1.52
EY0.74%
EPS(NY)6.73
Fwd EY3.28%
FCF(TTM)14.49
FCFY7.07%
OCF(TTM)19.36
OCFY9.45%
SpS197.15
BVpS53.2
TBVpS-10.17
PEG (NY)1.49
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 2.55
F-Score4
WACC7.55%
ROIC/WACC0.51
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 5Y54.69%
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 5Y10.11%
EBIT growth 1Y-36.82%
EBIT growth 3Y25.53%
EBIT growth 5Y-0.48%
EBIT Next Year246.08%
EBIT Next 3Y68.19%
EBIT Next 5Y45.72%
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%