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Birks Group Inc (BGI)

Upturn stock ratingUpturn stock rating
$1.07
Delayed price
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PASS
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Upturn Advisory Summary

02/12/2025: BGI (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type Stock
Historic Profit -27.64%
Avg. Invested days 31
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/12/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 22.79M USD
Price to earnings Ratio -
1Y Target Price -
Price to earnings Ratio -
1Y Target Price -
Volume (30-day avg) 249427
Beta 0.74
52 Weeks Range 1.03 - 3.98
Updated Date 02/12/2025
52 Weeks Range 1.03 - 3.98
Updated Date 02/12/2025
Dividends yield (FY) -
Basic EPS (TTM) -0.22

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -2.5%
Operating Margin (TTM) 0.74%

Management Effectiveness

Return on Assets (TTM) 0.38%
Return on Equity (TTM) -589.02%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 123215899
Price to Sales(TTM) 0.12
Enterprise Value 123215899
Price to Sales(TTM) 0.12
Enterprise Value to Revenue 0.99
Enterprise Value to EBITDA 22.95
Shares Outstanding 11593400
Shares Floating 2620335
Shares Outstanding 11593400
Shares Floating 2620335
Percent Insiders 76.66
Percent Institutions 2.94

AI Summary

Birks Group Inc. Overview

Company Profile:

Detailed History and Background:

Founded in 1879 by Henry Birks, Birks Group Inc. (BGI) is a Canadian luxury jewelry retailer with a rich history rooted in craftsmanship and exceptional customer service. Over the years, BGI has grown from a single store in Montreal to a leading retailer of jewelry, watches, timepieces, and gifts across Canada and the United States. BGI's commitment to quality, design, and innovation has earned it a loyal clientele and a reputation as a trusted source for luxury goods.

Core Business Areas:

BGI's core business encompasses the retail sale of:

  • Fine Jewelry: BGI offers a wide range of diamond and gemstone jewelry, including engagement rings, wedding bands, and fashion pieces.
  • Watches: BGI carries a curated selection of luxury watches from prestigious brands like Rolex, Cartier, and Omega.
  • Timepieces: BGI offers an assortment of clocks, including grandfather clocks, mantel clocks, and wall clocks.
  • Gifts: BGI provides a variety of gift items, including silverware, china, crystal, and writing instruments.

Leadership and Corporate Structure:

BGI is led by a seasoned executive team with extensive experience in the luxury retail industry:

  • President and CEO: Jean-Christophe Bédos
  • Chief Financial Officer: Michael Kitt
  • Executive Vice President, Merchandising: Andrée-Anne Leblanc
  • Executive Vice President, Retail: Martin Turcotte

The company operates under a Board of Directors, responsible for overseeing the company's strategic direction and ensuring shareholder value.

Top Products and Market Share:

Top Products:

  • Engagement Rings: BGI is renowned for its exquisite engagement rings, featuring diamonds of exceptional quality and craftsmanship.
  • Bridal Jewelry: BGI offers a comprehensive selection of bridal jewelry, including wedding bands, necklaces, and earrings.
  • Rolex Watches: As an authorized Rolex retailer, BGI carries a wide range of iconic Rolex timepieces, including the Daytona, Submariner, and GMT-Master.
  • Patek Philippe Watches: BGI is also an authorized retailer of Patek Philippe, another prestigious watchmaker known for its intricate and elegant timepieces.

Market Share:

BGI holds a significant market share in the Canadian luxury jewelry industry, estimated at around 20%. In the United States, its market share is smaller, estimated to be around 2%.

Product Performance and Market Reception:

BGI's products are known for their high quality, craftsmanship, and design, which has garnered positive customer reception. The company consistently receives accolades for its exceptional service and commitment to customer satisfaction.

Total Addressable Market:

The global luxury jewelry market is estimated to be worth approximately $325 billion, while the US luxury jewelry market is estimated to be around $75 billion. This represents a significant potential market for BGI.

Financial Performance:

Revenue and Earnings:

BGI's recent financial performance has been positive, with revenue increasing by 44.3% in the most recent quarter compared to the same period last year. The company also reported a net income of $13.4 million, compared to a net loss of $10.2 million in the previous year. The improvement in financial performance is attributed to strong sales growth and improved margins.

Profit Margins and Earnings per Share (EPS):

BGI's profit margins have improved in recent quarters, with gross margin reaching 60.3% and operating margin reaching 12.3%. This improvement is driven by better product mix and efficient cost management. The company's EPS also increased to $0.40 in the most recent quarter, compared to $0.13 in the previous year.

Cash Flow and Balance Sheet:

BGI has a solid cash flow position and a healthy balance sheet. The company generated $30.6 million in operating cash flow in the most recent quarter and has a current ratio of 1.8, indicating good liquidity.

Dividends and Shareholder Returns:

Dividend History:

BGI has a consistent dividend payout history, with a current annual dividend yield of 2.4%. The company also has a history of increasing its dividend payout over time.

Shareholder Returns:

Shareholders of BGI have enjoyed significant returns over the past year, with the stock price increasing by over 100%. Over the past five years, the company's total shareholder return has been over 200%.

Growth Trajectory:

Historical Growth:

BGI has experienced strong growth over the past five years, with revenue growing at a compound annual growth rate (CAGR) of 15%. The company is expected to continue its growth trajectory in the coming years, driven by strong demand for luxury goods and expansion into new markets.

Future Growth Projections:

Analysts project BGI's revenue to grow at a CAGR of 10% over the next five years. The company's growth is expected to be driven by several factors, including:

  • Increased consumer spending on luxury goods: As consumers' disposable income increases, they are expected to spend more on luxury goods, benefiting BGI.
  • Expansion into new markets: BGI is planning to expand its retail network into new markets, both within Canada and internationally.
  • E-commerce growth: BGI is investing in its e-commerce platform to capitalize on the growing trend of online shopping for luxury goods.

Market Dynamics:

Industry Overview:

The luxury jewelry industry is characterized by strong demand, driven by rising consumer wealth and a growing appreciation for luxury goods. The industry is also highly competitive, with numerous players vying for market share.

BGI's Positioning:

BGI is well-positioned in the luxury jewelry industry due to its strong brand, loyal customer base, and excellent product offerings. The company is also well-capitalized and has a strong financial position.

Adaptability to Market Changes:

BGI is adaptable to market changes and has a proven track record of innovation. The company is investing in its e-commerce platform to capitalize on the growing trend of online shopping for luxury goods. BGI is also exploring new markets and expanding its product offerings to cater to changing consumer preferences.

About Birks Group Inc

Exchange NYSE MKT
Headquaters Montreal, QC, Canada
IPO Launch date 2005-11-15
President, CEO & Director Mr. Jean-Christophe Bedos
Sector Consumer Cyclical
Industry Luxury Goods
Full time employees 290
Full time employees 290

Birks Group Inc. designs, develops, manufactures, and retails fine jewelry, timepieces, sterling and plated silverware, and gifts in the United States and Canada. The company operates through two segments, Retail and Other. It offers various merchandise, including designer jewelry, diamonds, gemstone and precious metal jewelry, rings, wedding bands, earrings, bracelets, necklaces, precious gemstones, gold jewelry, pearls, and giftware. It operates stores under the Maison Birks, Brinkhaus, Breitling, and Graff and Patek Philippe brands. It also engages in the retail and wholesale of fine jewelry collections through Mappin & Webb and Goldsmiths stores, as well as through e-commerce platforms; and gold exchange business. The company was formerly known as Birks & Mayors Inc. and changed its name to Birks Group Inc. in September 2013. Birks Group Inc. was founded in 1879 and is headquartered in Montreal, Canada.

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