Boyd Group Services Inc. (BGSI) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+190.8%

$260.99

vs $89.74 price

Levered DCF

$284.21

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.5

Distress zone

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
P/E	191.93×	131.29×	37.05×	78.36×	136.06×	74.84×
P/B	2.08×	3.87×	3.88×	4.3×	4.42×	4.42×
P/S	1.14×	1.05×	1.09×	1.32×	1.72×	2.01×
EV / EBITDA	11.87×	13.64×	11.89×	15.38×	19.53×	17.19×
Gross margin	46.4%	45.5%	45.5%	44.7%	44.8%	45.7%
Operating margin	4.2%	3.6%	6.0%	4.0%	3.5%	13.3%
Net margin	0.6%	0.8%	2.9%	1.7%	1.3%	2.8%
Current ratio	3.14×	0.62×	0.63×	0.65×	0.64×	0.67×
Debt / equity	1×	1.51×	1.37×	1.31×	1.36×	0.84×
Interest coverage	1.9×	1.59×	3.39×	2.62×	2.38×	6.22×
Dividend yield	0.3%	0.3%	0.3%	0.3%	0.3%	0.2%
Payout ratio	51.7%	38.5%	10.8%	23.3%	41.0%	16.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	1.1%	3.0%	10.5%	5.5%	3.2%	6.2%
Return on invested capital	2.4%	3.9%	6.2%	3.8%	2.7%	11.4%
Return on assets	0.5%	1.0%	3.6%	1.9%	1.2%	2.8%
Free cash flow yield	7.7%	7.2%	9.3%	7.2%	5.0%	6.6%
Earnings yield	0.5%	0.8%	2.7%	1.3%	0.7%	1.4%
Enterprise value	$4.1B	$4.4B	$4.3B	$4.2B	$4.2B	$3.7B
Net debt / EBITDA	1.42×	3.78×	3.06×	3.55×	4.48×	2.51×
Cash conversion cycle (days)	-42	-35	-40	-40	-46	-56