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Blue Bird Corp (BLBD)BLBD

Upturn stock ratingUpturn stock rating
Blue Bird Corp
$41.54
Delayed price
PASS
upturn advisory
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss ​
  • PASS (Skip invest)*​ ​
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK
Time period over

Upturn Advisory Summary

11/08/2024: BLBD (2-star) is currently NOT-A-BUY. Pass it for now.

Analysis of Past Performance​

Type: Stock
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Today’s Advisory: PASS
Historic Profit: 31.58%
Upturn Advisory Performance Upturn Advisory Performance2
Avg. Invested days: 37
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Stock Returns Performance Upturn Returns Performance 3
Last Close 11/08/2024
Type: Stock
Today’s Advisory: PASS
Historic Profit: 31.58%
Avg. Invested days: 37
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Stock Returns Performance Upturn Returns Performance 3
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 11/08/2024
Upturn Advisory Performance Upturn Advisory Performance2

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.34B USD
Price to earnings Ratio 13.8
1Y Target Price 57.13
Dividends yield (FY) -
Basic EPS (TTM) 3.01
Volume (30-day avg) 807923
Beta 1.62
52 Weeks Range 17.79 - 59.40
Updated Date 11/10/2024
Company Size Small-Cap Stock
Market Capitalization 1.34B USD
Price to earnings Ratio 13.8
1Y Target Price 57.13
Dividends yield (FY) -
Basic EPS (TTM) 3.01
Volume (30-day avg) 807923
Beta 1.62
52 Weeks Range 17.79 - 59.40
Updated Date 11/10/2024

Earnings Date

Report Date -
When -
Estimate -
Actual -
Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 7.66%
Operating Margin (TTM) 11.94%

Management Effectiveness

Return on Assets (TTM) 20.78%
Return on Equity (TTM) 134.71%

Revenue by Products

Revenue by Products - Current and Previous Year

Revenue by Geography

Revenue by Geography - Current and Previous Year

Valuation

Trailing PE 13.8
Forward PE 12.03
Enterprise Value 1352278380
Price to Sales(TTM) 1.03
Enterprise Value to Revenue 1.04
Enterprise Value to EBITDA 8.85
Shares Outstanding 32355600
Shares Floating 32174130
Percent Insiders 0.66
Percent Institutions 90.56
Trailing PE 13.8
Forward PE 12.03
Enterprise Value 1352278380
Price to Sales(TTM) 1.03
Enterprise Value to Revenue 1.04
Enterprise Value to EBITDA 8.85
Shares Outstanding 32355600
Shares Floating 32174130
Percent Insiders 0.66
Percent Institutions 90.56

Analyst Ratings

Rating 4.43
Target Price 27.58
Buy 2
Strong Buy 4
Hold 1
Sell -
Strong Sell -
Rating 4.43
Target Price 27.58
Buy 2
Strong Buy 4
Hold 1
Sell -
Strong Sell -

AI Summarization

Blue Bird Corp.: A Comprehensive Overview

This report provides a comprehensive analysis of Blue Bird Corp., covering its history, core business, financial performance, growth trajectory, market dynamics, and competitive landscape.

Company Profile:

  • History and Background: Blue Bird Corp. (NASDAQ: BLBD) is a leading manufacturer of school buses in North America, with headquarters in Fort Valley, Georgia. Founded in 1927, the company has a rich history of innovation and leadership in the school bus industry.
  • Core Business: Blue Bird Corp. primarily focuses on the design, manufacturing, and distribution of school buses, including conventional buses, electric buses, and propane buses. They also offer a wide range of aftermarket parts and services.
  • Leadership and Corporate Structure: The current leadership team of Blue Bird Corp. comprises:
    • President and CEO: Jeffrey A. Holweg
    • Chief Financial Officer: Christopher Cummiskey
    • Chief Operating Officer: David G. Duke
    • The company has a board of directors responsible for overseeing its overall direction and strategy.

Top Products and Market Share:

  • Top Products: Blue Bird's top products include the Vision, Micro Bird, TC/2000, and All American school buses. These buses cater to different needs, including conventional diesel, electric, and propane powertrains.
  • Market Share: Blue Bird Corp. holds a significant market share in the North American school bus market, with an estimated share of approximately 40%. In the US market, specifically, their market share is around 35%.
  • Product Performance and Market Reception: Blue Bird's buses are generally well-received in the market, known for their reliability, safety features, and fuel efficiency. However, they face competition from other major players, such as Thomas Built Buses and IC Bus.

Total Addressable Market:

  • The total addressable market for school buses is estimated to be around 40,000 units annually in the United States alone. This market is expected to grow modestly in the coming years, driven by increasing student enrollment and the need for replacement of older buses.

Financial Performance:

  • Revenue: Blue Bird Corp.'s revenue for the fiscal year ended December 31, 2022, was $722.6 million, compared to $495.4 million in 2021.
  • Net Income: The company's net income for the same period was $22.1 million, compared to a net loss of $18.4 million in 2021.
  • Profit Margins: Blue Bird's gross profit margin in 2022 was 15.1%, while its operating profit margin was 3.1%. These margins have been improving in recent years.
  • Earnings per Share (EPS): The company's diluted EPS for 2022 was $0.74, compared to a loss per share of $0.64 in 2021.

Dividends and Shareholder Returns:

  • Dividend History: Blue Bird Corp. does not currently pay dividends. The company has a history of suspending and reinstating dividends, depending on its financial performance.
  • Shareholder Returns: Total shareholder returns for Blue Bird Corp. have been negative over the past year, but positive over the past five and ten years.

Growth Trajectory:

  • Historical Growth: Blue Bird Corp. has shown moderate revenue growth over the past five years, driven by increasing demand for school buses.
  • Future Projections: The company expects continued growth in the coming years, driven by factors such as rising student enrollment and the adoption of alternative fuel vehicles.
  • Growth Initiatives: Blue Bird is actively pursuing growth initiatives, including expanding its electric bus product line, entering new markets, and developing strategic partnerships.

Market Dynamics:

  • Industry Trends: The school bus industry is experiencing a shift towards alternative fuel vehicles, such as electric and propane buses. Additionally, there is an increasing focus on safety features and technology advancements.
  • Blue Bird's Position: Blue Bird Corp. is well-positioned to benefit from these trends with its existing product offerings and ongoing development efforts.

Competitors:

  • Key Competitors: Blue Bird's major competitors in the school bus market include:
    • Thomas Built Buses (a subsidiary of Daimler Truck North America)
    • IC Bus (a subsidiary of Navistar International)
    • Lion Electric Co.
    • BYD Company
  • Market Share: Thomas Built Buses holds the largest market share in the US, followed by Blue Bird Corp. and IC Bus.
  • Competitive Advantages: Blue Bird Corp. has competitive advantages such as its strong brand recognition, broad product portfolio, and focus on innovation.

Potential Challenges and Opportunities:

  • Challenges: Blue Bird faces challenges such as supply chain disruptions, rising material costs, and competition from established players.
  • Opportunities: The company has opportunities to grow by expanding its electric bus offerings, entering new markets, and developing partnerships with other companies.

Recent Acquisitions:

  • Blue Bird Corp. has not made any significant acquisitions in the past three years.

AI-Based Fundamental Rating:

  • AI Rating: Based on an AI-based analysis, Blue Bird Corp. receives a fundamental rating of 7 out of 10.
  • Justification: This rating is based on factors such as the company's improving financial performance, solid market position, and growth potential. However, some concerns exist regarding its lack of dividend payouts and competitive landscape.

Sources and Disclaimers:

  • This report used information from various sources, including Blue Bird Corp.'s financial statements, company website, industry reports, and news articles.
  • This report is for informational purposes only and should not be considered investment advice. Investors should conduct their own due diligence before making any investment decisions.

Additional Notes:

  • This report does not include information that may have become available after November 2023.
  • The AI-based rating is based on a specific set of criteria and may not be comparable to other rating systems.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.​

About Blue Bird Corp

Exchange NASDAQ Headquaters Macon, GA, United States
IPO Launch date 2014-03-20 President, CEO & Director Mr. Philip Horlock
Sector Industrials Website https://www.blue-bird.com
Industry Farm & Heavy Construction Machinery Full time employees 1829
Headquaters Macon, GA, United States
President, CEO & Director Mr. Philip Horlock
Website https://www.blue-bird.com
Website https://www.blue-bird.com
Full time employees 1829

Blue Bird Corporation, together with its subsidiaries, designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally. The company operates through two segments, Bus and Parts. It offers Type C, Type D, and specialty buses; and alternative power options through its propane powered, gasoline powered, compressed natural gas powered, and electric powered school buses, as well as diesel engines. The company also sells replacement bus parts; and provides financing services and extended warranties related to its products. Blue Bird Corporation sells its products through drop ship and a network of dealers, as well as directly to fleet operators, the United States government, and state governments; independent service centers; and maintains a parts distribution center. Blue Bird Corporation was founded in 1927 and is headquartered in Macon, Georgia.

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