Financials Boyd Group Services Inc.

Equities

BYD

CA1033101082

Personal Services

Market Closed - Toronto S.E. 04:00:00 2024-02-23 pm EST 5-day change 1st Jan Change
308.6 CAD -0.27% Intraday chart for Boyd Group Services Inc. -1.05% +10.82%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 1,627 3,088 3,701 3,390 3,312 4,903 4,903 -
Enterprise Value (EV) 1 1,800 3,703 4,248 4,348 4,275 5,926 5,934 5,889
P/E ratio 29.3 x 72.3 x 83.2 x 144 x 80.8 x 54 x 37.2 x 26.8 x
Yield 0.48% 0.24% 0.26% 0.29% 0.38% 0.24% 0.24% 0.24%
Capitalization / Revenue 1.17 x 1.96 x 2.22 x 1.81 x 1.36 x 1.66 x 1.47 x 1.31 x
EV / Revenue 1.29 x 2.36 x 2.55 x 2.32 x 1.76 x 2.01 x 1.78 x 1.57 x
EV / EBITDA 13.9 x 16.8 x 18.2 x 19.8 x 15.6 x 16 x 13.3 x 11.3 x
EV / FCF 15.5 x 20.5 x 30.7 x 26.3 x 18.5 x 38 x 28.8 x 27.6 x
FCF Yield 6.44% 4.88% 3.25% 3.8% 5.39% 2.63% 3.47% 3.63%
Price to Book 4.78 x 7.33 x 5.13 x 4.67 x 4.44 x 5.91 x 4.97 x 4.38 x
Nbr of stocks (in thousands) 19,673 19,873 21,472 21,472 21,472 21,472 21,472 -
Reference price 2 82.70 155.4 172.4 157.9 154.3 228.4 228.4 228.4
Announcement Date 3/21/19 3/18/20 3/24/21 3/23/22 3/22/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 1,392 1,572 1,665 1,873 2,432 2,948 3,335 3,754
EBITDA 1 129.5 220.3 234 219.5 273.5 369.7 447.3 519.7
EBIT 1 90.82 113.6 93.15 65.85 97.88 176.2 231.2 278
Operating Margin 6.52% 7.22% 5.59% 3.52% 4.02% 5.98% 6.93% 7.41%
Earnings before Tax (EBT) 1 76.36 64.42 61.75 32.21 58.73 124 179.3 250.7
Net income 1 57.97 44.17 46.01 23.54 40.96 91.84 135.5 173.5
Net margin 4.16% 2.81% 2.76% 1.26% 1.68% 3.11% 4.06% 4.62%
EPS 2 2.826 2.149 2.072 1.100 1.910 4.225 6.135 8.520
Free Cash Flow 1 116 180.6 138.2 165.2 230.6 156 205.8 213.7
FCF margin 8.33% 11.49% 8.3% 8.82% 9.48% 5.29% 6.17% 5.69%
FCF Conversion (EBITDA) 89.59% 82% 59.08% 75.26% 84.32% 42.19% 45.99% 41.11%
FCF Conversion (Net income) 200.08% 408.91% 300.38% 701.93% 563% 169.87% 151.86% 123.14%
Dividend per Share 2 0.3957 0.3732 0.4423 0.4602 0.5790 0.5380 0.5543 0.5577
Announcement Date 3/21/19 3/18/20 3/24/21 3/23/22 3/22/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 444.6 490.2 516.2 556.8 612.8 625.7 637.1 714.9 753.2 737.8 740.5 801.9 845.3 839.5 841.2
EBITDA 1 58 51.5 57.3 53.76 72 73.04 74.69 84.69 95.37 93.97 95.75 104.6 115.1 114 115.2
EBIT 1 21.6 10.46 15.78 11.02 27.88 29.08 29.91 40.9 54.95 43.12 43.18 48.78 58.33 52.76 -
Operating Margin 4.86% 2.13% 3.06% 1.98% 4.55% 4.65% 4.69% 5.72% 7.3% 5.84% 5.83% 6.08% 6.9% 6.28% -
Earnings before Tax (EBT) 1 14.35 0.64 6.711 2.028 18.44 18.9 19.36 28.28 35.83 28.34 30.6 34.6 42.5 43.2 45.8
Net income 1 10.46 0.434 4.901 1.608 13.3 11.87 14.18 20.82 26.27 20.5 22.6 25.6 31.5 32 33.9
Net margin 2.35% 0.09% 0.95% 0.29% 2.17% 1.9% 2.23% 2.91% 3.49% 2.78% 3.05% 3.19% 3.73% 3.81% 4.03%
EPS 2 0.4900 0.0200 0.2300 0.0700 0.6200 0.5500 0.6600 0.9700 1.220 0.9500 1.050 1.375 1.610 1.575 1.580
Dividend per Share 2 0.1127 0.1134 0.1254 0.1113 0.1440 0.1440 0.1470 0.1100 0.1470 0.1470 0.1500 - - - -
Announcement Date 8/11/21 11/10/21 3/23/22 5/11/22 8/10/22 11/9/22 3/22/23 5/10/23 8/10/23 11/10/23 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 173 615 546 958 963 1,023 1,030 986
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.339 x 2.792 x 2.336 x 4.362 x 3.521 x 2.768 x 2.303 x 1.897 x
Free Cash Flow 1 116 181 138 165 231 156 206 214
ROE (net income / shareholders' equity) 16.9% 17% 7.61% 3.27% 5.56% 11.8% 15.1% 15.7%
ROA (Net income/ Total Assets) 7.63% 6.42% 2.96% - 1.98% - - -
Assets 1 760 688.6 1,555 - 2,065 - - -
Book Value Per Share 2 17.30 21.20 33.60 33.80 34.80 38.60 46.00 52.10
Cash Flow per Share 2 6.790 10.20 7.770 9.190 12.30 15.80 18.60 22.30
Capex 1 18.8 23.1 13.8 31.5 33.6 59 61 66.7
Capex / Sales 1.35% 1.47% 0.83% 1.68% 1.38% 2% 1.83% 1.78%
Announcement Date 3/21/19 3/18/20 3/24/21 3/23/22 3/22/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
228.4 USD
Average target price
225.7 USD
Spread / Average Target
-1.17%
Consensus
+229% on MICROSOFT CORPORATION since our purchase on January 11, 2019
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