Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Boyd Group Services Inc. (BGSI)

Company Dividend Discount ModelIndustry: Auto - DealershipsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$6.81 - $10.47$8.52
Multi-Stage$15.21 - $16.73$15.95
Blended Fair Value$12.23
Current Price$157.90
Upside-92.25%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020
DPS0.00%0.00%0.440.440.440.450.330.000.000.000.000.00
YoY Growth--0.67%-1.71%-1.12%35.35%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.28%0.28%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)16.07
(-) Cash Dividends Paid (M)9.36
(=) Cash Retained (M)6.71
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3.212.011.21
Cash Retained (M)6.716.716.71
(-) Cash Required (M)-3.21-2.01-1.21
(=) Excess Retained (M)3.504.705.51
(/) Shares Outstanding (M)21.4921.4921.49
(=) Excess Retained per Share0.160.220.26
LTM Dividend per Share0.440.440.44
(+) Excess Retained per Share0.160.220.26
(=) Adjusted Dividend0.600.650.69
WACC / Discount Rate6.60%6.60%6.60%
Growth Rate-2.00%-1.00%0.00%
Fair Value$6.81$8.52$10.47
Upside / Downside-95.69%-94.61%-93.37%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)16.0715.9115.7515.5915.4415.2815.74
Payout Ratio58.23%64.59%70.94%77.29%83.65%90.00%92.50%
Projected Dividends (M)9.3610.2811.1712.0512.9113.7614.56

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.60%6.60%6.60%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)9.549.649.74
Year 2 PV (M)9.649.8310.03
Year 3 PV (M)9.659.9510.25
Year 4 PV (M)9.6010.0010.41
Year 5 PV (M)9.509.9910.51
PV of Terminal Value (M)278.94293.46308.59
Equity Value (M)326.86342.87359.52
Shares Outstanding (M)21.4921.4921.49
Fair Value$15.21$15.95$16.73
Upside / Downside-90.37%-89.90%-89.41%

High-Yield Dividend Screener

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