
TSE:BYD
This summary was created by AI, based on 7 opinions in the last 12 months.
Boyd Group Services Inc. (BYD-T) has faced several operational and market challenges, particularly related to rising labor costs and a fluctuating claims cycle. Despite these hurdles, the company has shown signs of improvement with positive same-store sales growth in Q4, signaling potential stabilization in the collision repair industry. Analysts remain divided, with some expressing caution about the stock's trajectory while others highlight its potential for M&A acceleration and improved efficiencies through initiatives like Project 360. There is a general skepticism regarding analyst targets, as the stock has been misjudged in the past. Overall, while Boyd has a solid reputation as a strong performer in the autobody sector, current external factors, including industry headwinds and cautious market sentiment, are affecting its valuation and investor outlook.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. One of the largest operators of non-franchised collision repair centers in North America. 860 locations of which 724 are Gerber glass. Sales at $613 million, up 37.8% for the quarter ended June 30th, 2022. Management noted that demand is exceeding capacity in all US markets and indicating a recovery in Canadian markets. Unlock Premium - Try 5i Free
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Relationships with major insurance companies. Industry leader and major consolidator. Expanding EBITDA margins. Five-year growth plan to double its size. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Underlying fundamentals remain good. Labour shortages and supply issues could persist for some time, however. In general they beat estimates in their latest quarter, with sales at $516M, rising 28%. esP beat estimates of 12c at 28c. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Same store sales increased by 10.7%. They beat sales estimates slightly but missed on EPS. EBITDA came in at $51.1M, missing estimates. Demand is still below pre-covid levels and margins are seeing pressure from labour and material shortages. Confident in management’s ability to manage short-term headwinds. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. It recently missed earnings but it has missed before and recovered well. Below $200, it would be attractive. Reopening will move the stock more. Could make acquisitions, which would change things quickly. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company reported not a great quarter. However, the outlook is better than the past. Acquisitions continue and they recently entered Hawaii. EPS is still expected to more than double this year. Unlock Premium - Try 5i Free
Has sold shares in company.
Company has too much retail orientation (very hard business).
Auto-body shops require large capital investments.
Strong franchise - but would wait for shares to fall before investing.