Boyd Group Services Inc. (BGSI) 10-Year Financial Performance & Capital Metrics

BGSI • • Industrial / General

Consumer CyclicalAuto DealershipsAutomotive Services & AftermarketCollision & Repair Services

AboutBoyd Group Services Inc., together with its subsidiaries, operates non-franchised collision repair centers in North America. The company operates its locations under the Boyd Autobody & Glass and Assured Automotive trade names in Canada, and Gerber Collision and Glass trade name in the United States. It also operates as a retail auto glass operator under the Gerber Collision and Glass, Glass America, Auto Glass Service, Auto Glass Authority, and Autoglassonly.com trade names in the United States. In addition, the company operates a third-party administrator, Gerber National Claims Services that offers glass, emergency roadside, and first notice of loss services; and a Mobile Auto Solutions service that offers scanning and calibration services. It serves insurance companies and individual vehicle owners. The company was founded in 1990 and is headquartered in Winnipeg, Canada.Show more

Revenue $3.07B +4.2%
EBITDA $335M -9.1%
Net Income $25M -71.7%
EPS (Diluted) 1.14 -71.8%
Gross Margin 45.48%
EBITDA Margin 10.9% -12.8%
Operating Margin 3.57% -40.1%
Net Margin 0.8% -72.8%
ROE 2.96% -73.1%
ROIC 4.1% -43.1%
Debt/Equity 1.51 +9.7%
Interest Coverage 1.59 -53.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

✗Thin 5Y average net margin of 1.9%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y17.92%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y1.4%

TTM-

EPS CAGR

10Y-

5Y-

3Y1.2%

TTM-

ROCE

10Y Avg8.42%

5Y Avg8.42%

3Y Avg7.07%

Latest5.56%

Peer Comparison

Collision & Repair Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BGSIBoyd Group Services Inc.	4.53B	162.66	142.68	4.22%	0.27%	0.97%	5.14%	1.51
DRVNDriven Brands Holdings Inc.	2.57B	15.63	-8.59	1.54%	-9.14%	-24.96%		6.58

Profit & Loss

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.56B	1.87B	2.43B	2.95B	3.07B
Revenue Growth %	-	0.2%	0.3%	0.21%	0.04%
Cost of Goods Sold+	847.68M	1.03B	1.34B	1.61B	1.67B
COGS % of Revenue	0.54%	0.55%	0.55%	0.55%	0.55%
Gross Profit+	713.54M	839.26M	1.09B	1.34B	1.4B
Gross Margin %	0.46%	0.45%	0.45%	0.45%	0.45%
Gross Profit Growth %	-	0.18%	0.3%	0.23%	0.04%
Operating Expenses+	506.26M	773.41M	989.44M	1.16B	1.29B
OpEx % of Revenue	0.32%	0.41%	0.41%	0.4%	0.42%
Selling, General & Admin	506.26M	0	0	0	0
SG&A % of Revenue	0.32%	-	-	-	-
Research & Development	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-
Other Operating Expenses	0	773.41M	989.44M	1.16B	1.29B
Operating Income+	207.28M	65.85M	97.88M	175.4M	109.5M
Operating Margin %	0.13%	0.04%	0.04%	0.06%	0.04%
Operating Income Growth %	-	-0.68%	0.49%	0.79%	-0.38%
EBITDA+	262.13M	219.54M	273.5M	368.25M	334.82M
EBITDA Margin %	0.17%	0.12%	0.11%	0.12%	0.11%
EBITDA Growth %	-	-0.16%	0.25%	0.35%	-0.09%
D&A (Non-Cash Add-back)	54.85M	153.69M	175.62M	192.85M	225.32M
EBIT	75.5M	59.87M	96.03M	171.24M	100.57M
Net Interest Income+	-31.66M	-27.65M	-37.31M	-51.72M	-68.91M
Interest Income	0	0	0	0	0
Interest Expense	0	27.65M	37.31M	51.72M	68.91M
Other Income/Expense	-148.33M	-33.64M	-39.15M	-55.88M	-77.84M
Pretax Income+	58.95M	32.21M	58.73M	119.52M	31.66M
Pretax Margin %	0.04%	0.02%	0.02%	0.04%	0.01%
Income Tax+	14.84M	8.67M	17.77M	32.87M	7.12M
Effective Tax Rate %	0.75%	0.73%	0.7%	0.73%	0.78%
Net Income+	44.11M	23.54M	40.96M	86.66M	24.54M
Net Margin %	0.03%	0.01%	0.02%	0.03%	0.01%
Net Income Growth %	-	-0.47%	0.74%	1.12%	-0.72%
Net Income (Continuing)	44.11M	23.54M	40.96M	86.66M	24.54M
Discontinued Operations	0	0	0	0	0
Minority Interest	0	0	0	0	0
EPS (Diluted)+	2.00	1.10	1.91	4.04	1.14
EPS Growth %	-	-0.45%	0.74%	1.12%	-0.72%
EPS (Basic)	2.10	1.10	1.91	4.04	1.14
Diluted Shares Outstanding	21.01M	21.47M	21.47M	21.48M	21.48M
Basic Shares Outstanding	22.11M	21.47M	21.47M	21.47M	21.47M
Dividend Payout Ratio	0.16%	0.41%	0.23%	0.11%	0.38%

Balance Sheet

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	206.44M	234.65M	275.3M	296.29M	270.72M
Cash & Short-Term Investments	61.04M	27.71M	15.07M	22.51M	20M
Cash Only	61.04M	27.71M	15.07M	22.51M	20M
Short-Term Investments	0	0	0	0	0
Accounts Receivable	86.96M	110.6M	144.93M	153.51M	132.92M
Days Sales Outstanding	20.33	21.56	21.75	19.02	15.8
Inventory	32.08M	66.78M	78.78M	78.53M	73.13M
Days Inventory Outstanding	13.81	23.59	21.38	17.85	15.95
Other Current Assets	6.09M	0	0	0	0
Total Non-Current Assets+	1.37B	1.79B	1.83B	2.09B	2.19B
Property, Plant & Equipment	619.91M	834.23M	883M	1.09B	1.2B
Fixed Asset Turnover	2.52x	2.24x	2.75x	2.69x	2.56x
Goodwill	463.73M	601.99M	601.71M	633.99M	643.86M
Intangible Assets	276.38M	348.73M	332.94M	342.78M	336.94M
Long-Term Investments	0	0	0	8M	8M
Other Non-Current Assets	5.08M	5.79M	6.07M	3.72M	4.05M
Total Assets+	1.57B	2.03B	2.1B	2.38B	2.46B
Asset Turnover	0.99x	0.92x	1.16x	1.24x	1.25x
Asset Growth %	-	0.29%	0.04%	0.13%	0.03%
Total Current Liabilities+	306.08M	367.67M	424.29M	472.02M	435.07M
Accounts Payable	210.19M	258.42M	307.73M	339.82M	306.94M
Days Payables Outstanding	90.5	91.27	83.51	77.24	66.93
Short-Term Debt	15.59M	13.89M	15.37M	22.04M	8.99M
Deferred Revenue (Current)	0	0	0	0	0
Other Current Liabilities	2.36M	0	0	0	0
Current Ratio	0.67x	0.64x	0.65x	0.63x	0.62x
Quick Ratio	0.57x	0.46x	0.46x	0.46x	0.45x
Cash Conversion Cycle	-56.36	-46.13	-40.38	-40.37	-35.18
Total Non-Current Liabilities+	553.78M	933.02M	931.94M	1.08B	1.2B
Long-Term Debt	164.63M	428.19M	344.81M	399.67M	498.29M
Capital Lease Obligations	341.37M	450.42M	519.06M	607.55M	627.45M
Deferred Tax Liabilities	0	48.6M	62.88M	70.27M	68.56M
Other Non-Current Liabilities	47.78M	0	0	0	0
Total Liabilities	859.87M	1.3B	1.36B	1.55B	1.63B
Total Debt+	599.54M	985.42M	978.1M	1.14B	1.25B
Net Debt	538.5M	957.71M	963.03M	1.11B	1.23B
Debt / Equity	0.84x	1.36x	1.31x	1.37x	1.51x
Debt / EBITDA	2.29x	4.49x	3.58x	3.09x	3.74x
Net Debt / EBITDA	2.05x	4.36x	3.52x	3.03x	3.68x
Interest Coverage	-	2.38x	2.62x	3.39x	1.59x
Total Equity+	711.68M	726.43M	746.6M	828.33M	830.86M
Equity Growth %	-	0.02%	0.03%	0.11%	0%
Book Value per Share	33.87	33.83	34.77	38.57	38.69
Total Shareholders' Equity	711.68M	726.43M	746.6M	828.33M	830.86M
Common Stock	600.05M	600.05M	600.05M	600.05M	600.05M
Retained Earnings	42.87M	56.72M	88.18M	165.43M	180.56M
Treasury Stock	0	0	0	0	0
Accumulated OCI	65.16M	65.99M	54.33M	58.31M	44.79M
Minority Interest	0	0	0	0	0

Cash Flow

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	230.91M	196.71M	264.25M	357.55M	313.32M
Operating CF Margin %	0.15%	0.11%	0.11%	0.12%	0.1%
Operating CF Growth %	-	-0.15%	0.34%	0.35%	-0.12%
Net Income	44.11M	23.54M	40.96M	86.66M	24.54M
Depreciation & Amortization	131.79M	153.69M	175.62M	192.85M	225.32M
Stock-Based Compensation	2.64M	0	0	0	0
Deferred Taxes	0	6.17M	12.05M	6.99M	-551K
Other Non-Cash Items	43.9M	27.38M	37.14M	51.97M	69.92M
Working Capital Changes	8.46M	-14.07M	-1.52M	19.07M	-5.91M
Change in Receivables	-58K	-10.4M	-37.64M	-5.96M	23.44M
Change in Inventory	5.57M	-30.82M	-11.65M	2.29M	5.65M
Change in Payables	0	0	0	0	0
Cash from Investing+	-75.01M	-354.1M	-47.92M	-244.4M	-207.74M
Capital Expenditures	-24.08M	-31.48M	-33.37M	-57.48M	-77.33M
CapEx % of Revenue	0.02%	0.02%	0.01%	0.02%	0.03%
Acquisitions	-	-	-	-	-
Investments	-	-	-	-	-
Other Investing	7.22M	-5.13M	57.15M	-6.63M	62.08M
Cash from Financing+	-134.49M	124.37M	-228.37M	-105.93M	-106.88M
Debt Issued (Net)	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-
Dividends Paid	-7.13M	-9.65M	-9.54M	-9.38M	-9.45M
Share Repurchases	-	-	-	-	-
Other Financing	121.33M	-28.08M	-37.8M	-51.87M	-70.46M
Net Change in Cash	-	-	-	-	-
Free Cash Flow+	206.82M	160.32M	230.62M	298.38M	232.87M
FCF Margin %	0.13%	0.09%	0.09%	0.1%	0.08%
FCF Growth %	-	-0.22%	0.44%	0.29%	-0.22%
FCF per Share	9.84	7.47	10.74	13.89	10.84
FCF Conversion (FCF/Net Income)	5.23x	8.36x	6.45x	4.13x	12.77x
Interest Paid	31.84M	27.55M	36.91M	51.51M	68.39M
Taxes Paid	0	4.01M	3.86M	27.91M	12.29M

Key Ratios

Metric	2020	2021	2022	2023	2024
Return on Equity (ROE)	6.2%	3.27%	5.56%	11%	2.96%
Return on Invested Capital (ROIC)	12.44%	3.37%	4.33%	7.2%	4.1%
Gross Margin	45.7%	44.82%	44.7%	45.49%	45.48%
Net Margin	2.83%	1.26%	1.68%	2.94%	0.8%
Debt / Equity	0.84x	1.36x	1.31x	1.37x	1.51x
Interest Coverage	-	2.38x	2.62x	3.39x	1.59x
FCF Conversion	5.23x	8.36x	6.45x	4.13x	12.77x
Revenue Growth	-	19.95%	29.89%	21.12%	4.22%

Frequently Asked Questions

Valuation & Price

Boyd Group Services Inc. (BGSI) has a price-to-earnings (P/E) ratio of 142.7x. This suggests investors expect higher future growth.

Growth & Financials

Boyd Group Services Inc. (BGSI) reported $3.06B in revenue for fiscal year 2024. This represents a 96% increase from $1.56B in 2020.

Boyd Group Services Inc. (BGSI) grew revenue by 4.2% over the past year. Growth has been modest.

Yes, Boyd Group Services Inc. (BGSI) is profitable, generating $8.1M in net income for fiscal year 2024 (0.8% net margin).

Dividend & Returns

Yes, Boyd Group Services Inc. (BGSI) pays a dividend with a yield of 0.27%. This makes it attractive for income-focused investors.

Boyd Group Services Inc. (BGSI) has a return on equity (ROE) of 3.0%. This is below average, suggesting room for improvement.

Boyd Group Services Inc. (BGSI) generated $252.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

← Back to Screener