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Upturn AI SWOT - About
BH-A 
Biglari Holdings Inc (BH-A)
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Upturn Advisory Summary
04/22/2025: BH-A (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -11.69% | Avg. Invested days 33 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/22/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 725.29M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) 125 | Beta 0.98 | 52 Weeks Range 805.04 - 1330.66 | Updated Date 04/24/2025 |
52 Weeks Range 805.04 - 1330.66 | Updated Date 04/24/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -13.45 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -1.04% | Operating Margin (TTM) 6.25% |
Management Effectiveness
Return on Assets (TTM) 1.68% | Return on Equity (TTM) -0.64% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 720441505 | Price to Sales(TTM) 2 |
Enterprise Value 720441505 | Price to Sales(TTM) 2 | ||
Enterprise Value to Revenue 1.99 | Enterprise Value to EBITDA 19.05 | Shares Outstanding 206864 | Shares Floating 185402 |
Shares Outstanding 206864 | Shares Floating 185402 | ||
Percent Insiders 0.4 | Percent Institutions 88.33 |
Analyst Ratings
Rating - | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Biglari Holdings Inc
Company Overview
History and Background
Biglari Holdings Inc. was founded in 1921 as Steak n Shake Company. Over time, it has evolved into a holding company with diverse business interests, including restaurants, insurance, and media. Sardar Biglari became chairman in 2008, initiating a shift towards an investment holding structure.
Core Business Areas
- Steak n Shake: A classic American restaurant chain known for its steakburgers and milkshakes.
- Western Sizzlin': A smaller, buffet-style restaurant chain.
- First Guard Insurance: A property and casualty insurance company specializing in commercial transportation.
- Maxim Magazine: A men's lifestyle magazine acquired through a licensing agreement.
- Biglari Capital: The investment arm of Biglari Holdings, managing the company's portfolio of investments.
Leadership and Structure
Sardar Biglari serves as Chairman and CEO. The company operates with a decentralized structure, with each business segment having its own management team.
Top Products and Market Share
Key Offerings
- Steakburgers: Steak n Shake's signature product. Market share data is difficult to obtain precisely, but Steak n Shake competes in the fast-casual burger market with competitors like McDonald's (MCD), Wendy's (WEN), and Burger King (RBI).
- Milkshakes: Steak n Shake's milkshakes are a key part of its brand. Competitors include Dairy Queen (BRK.A, BRK.B), Sonic (INSG), and local ice cream shops.
- Commercial Auto Insurance: First Guard provides insurance for trucking companies and other commercial vehicles. Competitors include Progressive (PGR), Travelers (TRV), and Berkshire Hathaway (BRK.A, BRK.B) via GEICO and others.
- Maxim Magazine: Men's lifestyle magazine. The market is extremely diverse with online and print mediums. Competitors include GQ (Condu00e9 Nast), Esquire (Hearst Corporation), and various online content providers.
Market Dynamics
Industry Overview
The restaurant industry is highly competitive, with trends towards healthier options, delivery services, and technology integration. The insurance industry is subject to regulatory changes and economic cycles. The media industry is undergoing a digital transformation.
Positioning
Biglari Holdings occupies a unique position as a diversified holding company. Its competitive advantages include brand recognition for Steak n Shake and a niche focus in commercial auto insurance.
Total Addressable Market (TAM)
The TAM for the restaurant, insurance, and media industries are massive, worth billions of dollars each. Biglari Holdings captures a small portion of these markets, focusing on specific segments.
Upturn SWOT Analysis
Strengths
- Brand recognition of Steak n Shake
- Niche market in commercial auto insurance
- Decentralized management structure
- Value Investing Approach
Weaknesses
- Inconsistent Steak n Shake performance
- Reliance on Sardar Biglari
- Lack of diversification within core segments
- Concentrated Investment Portfolio
Opportunities
- Expansion of Steak n Shake through franchising
- Growth in the commercial transportation industry
- Digital transformation of Maxim Magazine
- Strategic Acquisitions
Threats
- Increased competition in the restaurant industry
- Regulatory changes in the insurance industry
- Decline in print media consumption
- Economic downturn
Competitors and Market Share
Key Competitors
- MCD
- WEN
- RBI
- PGR
- TRV
- BRK.A
Competitive Landscape
Biglari Holdings faces intense competition in all its business segments. Steak n Shake struggles against larger fast-food chains. First Guard competes with established insurance companies.
Major Acquisitions
Maxim Magazine Licensing Rights
- Year: 2014
- Acquisition Price (USD millions): 12.5
- Strategic Rationale: Expanded Biglari's media holdings and offered cross-promotional opportunities.
Growth Trajectory and Initiatives
Historical Growth: Growth has been uneven, with periods of strong performance followed by slowdowns.
Future Projections: Future growth depends on the performance of Steak n Shake, First Guard, and strategic acquisitions. Analyst estimates vary.
Recent Initiatives: Recent initiatives include franchising Steak n Shake and focusing on profitability improvements.
Summary
Biglari Holdings is a diversified holding company with a mixed track record. Steak n Shake, while a recognizable brand, faces challenges in a competitive fast-food market. First Guard provides stability, and strategic investments aim to drive long-term growth. The company's future success depends on improved operational execution and efficient capital allocation.
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Sources and Disclaimers
Data Sources:
- Biglari Holdings Inc. SEC Filings (10-K, 10-Q)
- Company Press Releases
- Analyst Reports (where available)
- Industry Reports
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market share data is approximate and may vary depending on the source. Financial data should be verified through official company filings.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Biglari Holdings Inc
Exchange NYSE | Headquaters San Antonio, TX, United States | ||
IPO Launch date 2018-05-01 | Chairman & CEO Mr. Sardar Biglari C.F.A. | ||
Sector Consumer Cyclical | Industry Restaurants | Full time employees 2535 | Website https://www.biglariholdings.com |
Full time employees 2535 | Website https://www.biglariholdings.com | ||
Biglari Holdings Inc., through its subsidiaries, primarily operates and franchises restaurants in the United States. It owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. The company also engages in underwriting commercial truck insurance, including selling physical damage and non-trucking liability insurance to truckers; and property and casualty insurance and reinsurance. In addition, it operates oil and natural gas properties offshore in Louisiana state waters and in the Permian Basin; and publishes, licenses, and sells magazines under the MAXIM and Maxim brand names. Further, it engages in the investment activities. The company was formerly known as The Steak n Shake Company and changed its name to Biglari Holdings Inc. in April 2010. Biglari Holdings Inc. was founded in 1934 and is based in San Antonio, Texas.
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