# Boyd Group Services Inc. (BYD.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Consumer Cyclical / Hotels, Restaurants & Leisure. Price C$125.26, market value C$3.5 billion.

## Valuation
- **P/E (trailing): 198.8×** (5-yr avg 161.0×, 3-yr avg 172.5×). Boyd Group Services Inc. trades at 198.8× trailing earnings, well above its own five-year average of 161.0×: investors are paying up relative to the company's past. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 18.7×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 0.7×**. Each dollar of revenue is priced at 0.7×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.5×**. The shares trade at 1.5× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 7.3×**. Enterprise value is 7.3× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 13.0%** (5-yr avg 4.6%). Free cash flow equals 13.0% of the market value, above its five-year average of 4.6%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 0.5%**. The inverse of the P/E: 0.5% of the price is earned each year.

## Profitability
- **Gross margin: 42.7%**. Boyd Group Services Inc. keeps 42.7% of revenue after the direct cost of what it sells.
- **Operating margin: 4.5%**. 4.5% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 0.6%**. 0.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 1.1%**. 1.1% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 3.7%**. Return on all capital, debt included, is 3.7%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 0.2%**. Each dollar of assets produces 0.2% of profit.

## Growth
- **Revenue growth (1 yr): 4.3%** (3-yr 9.2%/yr, 5-yr 15.5%/yr). Revenue grew 4.3% over the last year, against 15.5% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -26.3%** (3-yr -24.0%/yr, 5-yr -16.3%/yr). Earnings per share fell 26.3%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 9.8%/yr**. Free cash flow has compounded at 9.8% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 1.00**. Debt is 1.00 times equity, moderate leverage.
- **Net debt / EBITDA: 1.2×**. It would take 1.2 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 1.7×**. Operating profit covers interest 1.7×, thin but manageable.
- **Current ratio: 3.14** (quick 3.00). Current assets cover the next year's liabilities 3.14 times.
- **Altman Z-score: 2.87**. A Z-score of 2.87 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.50%** (C$0.62 per share, trailing). Boyd Group Services Inc. yields 0.50%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 51%** (3% of free cash flow). 51% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 19**. 19 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 2.1%/yr** (1-yr 2.0%). The dividend has grown 2.1% a year over five years.

## Analyst view
- **Analyst consensus: buy** (13 analysts). 13 analysts cover Boyd Group Services Inc.; the consensus is buy, with an average price target of C$222.46 (+78% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -45.8%** (YTD -42.6%, 3-mo -12.8%). The shares are down 45.8% over twelve months including dividends.
- **From 52-week high: -49.5%** (9.3% above the low). Trading 50% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 46**. An RSI of 46 is neutral.
- **Beta (1 yr): 0.99** (volatility 41%). Beta of 0.99 against the S&P/TSX Composite: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=BYD.TO · Page: https://foliofundamentals.com/stocks/byd.to

Not investment advice.