βHigh-growth profile β revenue up +47.3% YoY with expanding US Equity exposure.
βHealthy economics β 39% gross margin and 6% free-cash-flow margin.
βNew products and segments could unlock additional revenue streams.
β οΈ Key Risks
Execution delays, intensifying competition, and valuation compression if growth decelerates.
BIGLARI HOLDINGS INC-B
BH
Financial Trends
RevenueThe total money the company brought in from sales, before subtracting any costs.
$395Mβ² +9.2% YoY
Gross MarginOf every $1 of sales, how much is left after the direct cost of making the product/service. Higher = more efficient.
27.5%βΌ β28.2% YoY
Operating IncomeProfit from the core business after operating costs, but before interest and taxes. Negative means the core business isnβt profitable yet.
$18MβΌ β21.6% YoY
Free Cash FlowCash left over after running the business and paying for equipment/capex. Negative means the company is burning cash.
$77Mβ² +301.8% YoY
Shares OutstandingHow many shares exist. Rising means the company is issuing more shares, which dilutes (shrinks) each existing ownerβs slice.
3.1Mβ² +121.7% YoY
Net CashCash minus total debt. Positive = more cash than debt (financially strong); negative = more debt than cash (net debt).
β$90Mβ² +$30M YoY
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About BIGLARI HOLDINGS INC-B
Biglari Holdings Inc., an enterprise established in 1934 and based in San Antonio, Texas, is a multifaceted company with its primary operations centered on managing and franchising restaurants throughout the United States. Its well-known dining brands include Steak n Shake and Western Sizzlin. By December 31, 2021, the company's restaurant network comprised 199 company-operated Steak n Shake locations, complemented by 159 franchise partner units and 178 conventional franchise outlets. Its Western Sizzlin brand encompassed 3 company-owned restaurants and 38 franchised establishments. Beyond its restaurant segment, Biglari Holdings engages in several other industries. It underwrites commercial trucking insurance, providing coverage for physical damage and non-trucking liability to truckers, and also offers general property and casualty insurance. The company is involved in the energy sector, operating oil and natural gas properties located in the Gulf of Mexico. Furthermore, it maintains a media presence through the MAXIM brand, publishing magazines and related content, alongside licensing various media products and services. Investment activities also form a part of its corporate portfolio. Originally named The Steak n Shake Company, the organization rebranded itself as Biglari Holdings Inc. in April 2010.
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Otter Score Breakdown
How it's scoredFive components, each rated 1β5β and equally weighted (20%), averaged to a 0β100 score:π Quality β gross marginπ Growth β revenue YoYβοΈ Valuation β P/S ratioβ‘ Momentum β 30-day price changeπ§ Dilution β 1-yr share issuance (buybacks score higher)