BH - NYSE
Biglari Holdings Inc.
$292.51
-1.2%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. As of December 31, 2021, it operated 199 Steak n Shake company-operated restaurants, 159 franchise partner units, and 178 traditional franchise units, as well as 3 Western Sizzlin company-operated restaurants and 38 franchised units. The company also engages in underwriting commercial trucking insurance; selling physical damage and non-trucking liability insurance to truckers; and providing property and casualty insurance. In addition, it operates oil and natural gas properties in the Gulf of Mexico; and publishes and sells magazines and related publishing products under the MAXIM brand name. Further, it licenses media products and services; and 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.
At a Glance
Live SnapshotBiglari Holdings Inc. Fair Value Envelope
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Owner Earnings Projections
Operating Cash Flow - Maintenance CapEx = Owner Earnings
| Metric | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $213.9M | $427.8M | $855.7M | $1.7B | $3.4B | $6.8B | $13.7B | $27.4B | $54.8B | $109.5B |
| Maintenance CapEx | -$12.1M | -$24.3M | -$48.6M | -$97.1M | -$194.3M | -$388.5M | -$777.0M | -$1.6B | -$3.1B | -$6.2B |
| Owner Earnings | $201.8M | $403.6M | $807.1M | $1.6B | $3.2B | $6.5B | $12.9B | $25.8B | $51.7B | $103.3B |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $186.8M | $346.0M | $640.7M | $1.2B | $2.2B | $4.1B | $7.5B | $14.0B | $25.8B | $47.9B |
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