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Upturn AI SWOT - About
BH-A 
Biglari Holdings Inc (BH-A)
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Upturn Advisory Summary
10/21/2025: BH-A (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
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 8.95% | Avg. Invested days 33 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 10/21/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 891.01M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.97 | 52 Weeks Range 805.04 - 1444.87 | Updated Date 06/28/2025 |
52 Weeks Range 805.04 - 1444.87 | Updated Date 06/28/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -219.46 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -16.21% | Operating Margin (TTM) 3.06% |
Management Effectiveness
Return on Assets (TTM) 1.41% | Return on Equity (TTM) -10.29% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 908505620 | Price to Sales(TTM) 2.42 |
Enterprise Value 908505620 | Price to Sales(TTM) 2.42 | ||
Enterprise Value to Revenue 2.47 | Enterprise Value to EBITDA 10.45 | Shares Outstanding 206864 | Shares Floating 185402 |
Shares Outstanding 206864 | Shares Floating 185402 | ||
Percent Insiders 0.4 | Percent Institutions 88.49 |
Upturn AI SWOT
Biglari Holdings Inc
Company Overview
History and Background
Biglari Holdings Inc. was founded in 1921 as Steak n Shake Company and later transformed into a holding company. In 2008, Sardar Biglari took control and restructured the company, acquiring businesses across various sectors.
Core Business Areas
- Steak n Shake: A classic American brand serving premium burgers and milkshakes in a casual dining setting.
- Western Sizzlin': A buffet-style restaurant chain offering steak and a variety of other options.
- Maxim Magazine: A men's lifestyle magazine covering topics like fashion, culture, and entertainment.
- First Guard: A specialty insurance provider primarily focused on trucking insurance.
Leadership and Structure
Sardar Biglari serves as the Chairman and CEO. The company operates with a decentralized structure, allowing subsidiaries to function autonomously.
Top Products and Market Share
Key Offerings
- Steak n Shake Burgers and Milkshakes: Steak n Shake's core menu items are burgers and milkshakes. Market share data is fragmented across the fast-casual burger segment, making precise figures difficult to obtain. Competitors include McDonald's (MCD), Burger King (RBI), and Five Guys.
- First Guard Insurance Policies: First Guard provides commercial auto insurance, primarily focused on the trucking industry. The market is competitive with larger players like Progressive (PGR) and Travelers (TRV). Market share data specifically for First Guard is not publicly available.
- Maxim Magazine: Maxim is a men's lifestyle magazine that provides content on fashion, entertainment, and culture. Market share data is not public but competitors include GQ (Condu00e9 Nast), Esquire (Hearst), and Playboy.
Market Dynamics
Industry Overview
Biglari Holdings operates across several industries, including restaurant, media, and insurance. The restaurant industry is highly competitive, while the insurance industry is regulated and capital-intensive. The media industry is evolving, with shifts towards digital platforms.
Positioning
Biglari Holdings positions itself as a value investor with a long-term outlook. It focuses on acquiring and managing businesses with strong brand recognition and potential for growth.
Total Addressable Market (TAM)
The total addressable market is very diverse as it includes restaurant, insurance, and media. It's estimated to be in the trillions of dollars, with Biglari Holdings having a very small percentage of the overall TAM.
Upturn SWOT Analysis
Strengths
- Strong brand recognition (Steak n Shake)
- Decentralized organizational structure
- Experienced leadership team
- Diversified business portfolio
Weaknesses
- Inconsistent financial performance
- High debt levels
- Reliance on a single leader
- Mixed performance across subsidiaries
Opportunities
- Expansion of Steak n Shake into new markets
- Growth in the commercial auto insurance sector
- Digital transformation of Maxim Magazine
- Strategic acquisitions of undervalued businesses
Threats
- Intense competition in the restaurant industry
- Economic downturn impacting consumer spending
- Regulatory changes in the insurance industry
- Shifting consumer preferences in media consumption
Competitors and Market Share
Key Competitors
- MCD
- RBI
- PGR
- TRV
Competitive Landscape
Biglari Holdings faces intense competition across its various business segments. It relies on brand recognition and value investing to compete effectively. Due to the low market share of BH, it's very difficult to compete.
Major Acquisitions
Maxim Magazine
- Year: 2014
- Acquisition Price (USD millions): 12.5
- Strategic Rationale: Expand Biglari Holding's portfolio into the media and entertainment sector.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been uneven, with periods of expansion followed by challenges.
Future Projections: Future projections are difficult to predict due to the company's diverse portfolio and reliance on acquisitions. Analyst estimates vary.
Recent Initiatives: Recent initiatives include restructuring Steak n Shake operations and focusing on growth in the insurance sector.
Summary
Biglari Holdings is a diversified holding company with both strengths and weaknesses. Steak n Shake has strong brand recognition, but the company faces challenges in consistent financial performance and high debt. Strategic acquisitions and operational improvements are key to future success, but intense competition will remain a significant hurdle.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings
- Company Website
- Yahoo Finance
- MarketWatch
Disclaimers:
The analysis is based on publicly available information and is for informational purposes only. It should not be considered investment advice. Financial data may be outdated and further research is recommended.
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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