Shares of Small-cap consumer discretionary company Blue Bird moved 6.3% this afternoon, and are now trading at $21.79 per share. The average analyst target price for the stock is $29.67.
Blue Bird Corporation designs, engineers, manufactures, and sells school buses and related parts in the United States, Canada, and internationally.
Based on its trailing earning per share of -1.07, Blue Bird has a trailing 12 month Price to Earnings (P/E) ratio of -20.4 BLBD has a forward P/E ratio of 15.3.
The company has a price to earnings growth (PEG) ratio of 1.5. A number between 0 and 1 could mean that the market is undervaluing Blue Bird's estimated growth potential
The Company's Revenues Are Declining
| 2019-09-30 | 2020-09-30 | 2021-09-30 | 2022-09-30 | |
|---|---|---|---|---|
| Revenue (k) | $1,018,874 | $879,221 | $683,995 | $800,637 |
| Gross Margins | 13.1% | 10.9% | 10.6% | 4.6% |
| Operating Margins | 4.3% | 2.5% | 1.0% | -5.1% |
| Net Margins | 2.38% | 1.39% | -0.04% | -5.72% |
| Net Income (k) | $24,300 | $12,185 | -$289 | -$45,759 |
| Net Interest Expense (k) | -$12,870 | -$12,241 | -$9,678 | -$14,666 |
| Depreciation & Amort. (k) | -$10,383 | -$14,400 | -$13,446 | -$14,050 |
| Earnings Per Share | $0.9 | $0.45 | -$0.01 | -$1.07 |
| EPS Growth | n/a | -50.0% | -102.22% | -10600.0% |
| Diluted Shares (k) | 27,044 | 27,087 | 27,139 | 32,093 |
| Free Cash Flow (k) | $20,192 | -$15,509 | -$66,453 | -$30,890 |
| Capital Expenditures | -$35,514 | -$18,968 | -$12,212 | -$6,453 |
| Net Current Assets (k) | -$261,133 | -$253,749 | -$232,603 | -$190,268 |
| Current Ratio | 1.01 | 1.05 | 1.25 | 1.06 |
| Long Term Debt (k) | $173,226 | $164,204 | $194,573 | $150,390 |
| LT Debt to Equity | -2.55 | -3.08 | -5.96 | 108.82 |
Blue Bird has declining revenues and decreasing reinvestment in the business, slimmer gross margins than its peers, and weak operating margins with a negative growth trend. Additional warning signs include declining EPS growth, negative and highly variable cash flows, and high levels of debt. Blue Bird has just enough current assets to cover current liabilities.
