Company Quick10K Filing
Biglari
10-Q 2020-03-31 Filed 2020-05-08
10-K 2019-12-31 Filed 2020-02-24
10-Q 2019-09-30 Filed 2019-11-01
10-Q 2019-06-30 Filed 2019-08-02
10-Q 2019-03-31 Filed 2019-05-03
10-K 2018-12-31 Filed 2019-02-25
10-Q 2018-09-30 Filed 2018-11-02
10-Q 2018-06-30 Filed 2018-08-03
10-Q 2018-03-31 Filed 2018-05-04
8-K 2020-05-08 Earnings, Exhibits
8-K 2020-02-22 Regulation FD
8-K 2019-11-01 Earnings, Exhibits
8-K 2019-10-31 Officers
8-K 2019-09-09 Enter Agreement, M&A, Exhibits
8-K 2019-08-02 Earnings, Exhibits
8-K 2019-05-03 Earnings, Exhibits
8-K 2019-04-25 Shareholder Vote, Other Events
8-K 2019-02-23 Regulation FD
8-K 2018-11-02 Earnings, Exhibits
8-K 2018-08-03 Earnings, Exhibits
8-K 2018-05-04 Earnings, Exhibits

Biglari Financials

BH Metrics, Comps, Filings

Quarterly | Annual

Business

Biglari Holdings Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities, including media, property and casualty insurance, and restaurants. The Company's largest operating subsidiaries are involved in the franchising and operating of restaurants. Biglari Holdings is founded and led by Sardar Biglari, Chairman and Chief Executive Officer of Biglari Holdings and its major operating subsidiaries. The Company's long-term objective is to maximize per-share intrinsic value. All major operating, investment, and capital allocation decisions are made for the Company and its subsidiaries by Mr. Biglari.

As of December 31, 2018, Mr. Biglari's beneficial ownership was approximately 56.9% of the Company's outstanding Class A common stock and 54.3% of the Company's outstanding Class B common stock.

On March 5, 2018, the Company entered into an agreement with its predecessor registrant, now known as OBH Inc. (the “Predecessor”), and BH Merger Company, a wholly owned subsidiary of the Company. Pursuant to the agreement on April 30, 2018, BH Merger Company merged with and into the Predecessor, with the Predecessor continuing as the surviving corporation and a wholly owned subsidiary of the Company.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
RCI Hospitality (RICK) 170 86% 4.8 5% 351 182 177 152 16 33 159
LiveXLive Media (LIVX) 120 14% -3.6 -65% 59 54 37 5 -38 -32 115
Potbelly (PBPB) 102 17% 7.2 -3% 333 264 423 73 -9 12 83
Papa Murphy's (FRSH) 93 0% 13.4 1% 239 138 89 0 3 13 170
One Group Hospitality (STKS) 79 0% 18.0 1% 95 82 68 0 1 5 91
Ark Restaurants (ARKR) 78 15% 7.3 3% 147 104 165 25 5 13 94
FAT Brands (FAT) 60 0% 16.1 -0% 80 73 17 0 -0 6 89
Famous Daves (DAVE) 59 0% 8.5 7% 38 17 37 0 3 6 53
Lubys (LUB) 51 11% 16.7 -8% 186 85 323 36 -15 5 87
Diversified Restaurant Holdings (SAUC) 47 0% 13.9 -2% 136 159 157 0 -2 10 137
Flanigans Enterprises (BDL) 43 0% 4.5 7% 69 30 116 0 5 9 42
iPic (IPIC) 40 0% 3.8 -11% 157 291 99 0 -17 10 36
Good Times Restaurants (GTIM) 21 10% 90.4 -7% 60 31 111 11 -4 0 31
Kona Grill (KONA) 17 11% -0.9 -60% 54 74 157 18 -32 -16 14
Chanticleer (BURG) 10 0% -2.4 -21% 42 37 31 0 -9 -7 16
Luckin Coffee (LK)
Habit Restaurants (HABT) 54% -1.4 1% 471 315 446 241 5 26 -37
Restaurant Brands (QSR) 51% 7.1 5% 22,249 18,186 5,509 2,790 1,155 1,526 10,858
BBQ Holdings (BBQ) 0% -1.9 2% 69 45 59 0 1 3 -6
Biglari (BH) 21% 1.4 6% 1,154 552 706 146 74 109 154

Balance Sheet ($MM)2018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash54575855383426
Accounts Receivable121113169916
Inventory7778755
PP&E672669661651660663730
Assets1,0211,0089741,0291,1291,1551,154
Accounts Payable
Long-Term Debt183183182181181180180
Liabilities469466446459547552552
Stockholders' Equity552543528570581602602
Income Statement ($MM)2018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue202209204195182168160
Cost of Revenue161161162152132113
Gross Profit484233293747
R&D
SG&A333332352623
Tax-1-1-1126-1
Net Income-2-8-14421022-0
Cash Flow ($MM)2018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating-99-5-10248
Cash Investing-2-48-5-3-55
Cash Financing-2-2-2-2-2-2