Boyd Group Services Inc.

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: ~$180M normalized unlevered FCF base (est. $430M TTM adjusted EBITDA vs FY2025's $376.3M, less ~$150M D&A, 25% cash taxes, D&A added back, less ~$180M total capex for store growth and Joe Hudson's integration), 12% growth years 1-3, 7% years 4-6, 4% years 7-10, 9% discount rate, 3% terminal growth, less $2.01B net debt ($2.03B total debt, $22.97M cash), divided by 27.84M shares outstanding.

Reasoning: Boyd Group Services is a scaled, cash-generative collision-repair/auto-glass consolidator (FY2025 operating cash flow $353.0M, Q2 2026 revenue +29.9% YoY on the Joe Hudson's deal) with a clear multi-stage growth path from continued unit growth (8-10 new locations/quarter) tapering as integration normalizes, making a leverage-adjusted multi-stage DCF the most accurate method for this debt-financed roll-up.