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No institutional (13F) filings cover this company, so the Overview and 13F tabs are thin. Everything drawn from its SEC filings is here.
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Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
A reverse discounted cash flow is not shown for a company with no positive EBITDA.
No positive EBITDA in the recent record, so there is no return on capital to compare against its cost.
Classified from the filings: EBITDA negative in each of the last 2 years.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $4.4M buybacks = $4.4M returned on -$41.2M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 7 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -26%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 7 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-14
How a revenue dollar becomes profit — FY2024
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|
| Revenue | $307.3M 100.0% | $401.3M 100.0% | $342.0M 100.0% | $313.6M 100.0% | $173.2M 100.0% | $203.7M 100.0% | $208.6M 100.0% |
| Selling, General & Admin | $135.7M 44.2% | $136.1M 33.9% | $116.2M 34.0% | $76.0M 24.2% | $66.0M 38.1% | $90.8M 44.6% | $91.8M 44.0% |
| Total Operating Expenses | $369.6M 120.3% | $446.5M 111.3% | $339.5M 99.3% | $284.6M 90.7% | $228.3M 131.8% | $213.2M 104.7% | $226.1M 108.4% |
| Operating Income | -$62.4M -20.3% | -$45.2M -11.3% | $2.5M 0.7% | $29.0M 9.3% | -$55.1M -31.8% | -$9.5M -4.7% | -$17.6M -8.4% |
| Interest Expense | $3.1M 1.0% | $3.1M 0.8% | $2.4M 0.7% | $1.4M 0.5% | $237K 0.1% | $433K 0.2% | $803K 0.4% |
| Other Income (Expense), net | $2.7M 0.9% | $4.0M 1.0% | $964K 0.3% | $341K 0.1% | $290K 0.2% | $665K 0.3% | $277K 0.1% |
| Pretax Income | -$56.9M -18.5% | -$21.7M -5.4% | $42.8M 12.5% | $64.2M 20.5% | -$58.3M -33.7% | $29.0M 14.2% | -$3.0M -1.4% |
| Income Tax Expense | $7.7M 2.5% | -$2.1M -0.5% | $15.1M 4.4% | $17.2M 5.5% | -$11.2M -6.5% | $8.3M 4.1% | $2.9M 1.4% |
| Net Income | -$63.9M -20.8% | -$20.8M -5.2% | $28.0M 8.2% | $46.9M 15.0% | -$42.3M -24.4% | $13.7M 6.7% | -$9.2M -4.4% |
| Per Share | |||||||
| EPS (Basic) | -$4.67 | -$1.44 | $1.81 | $2.63 | -$2.19 | — | — |
| EPS (Diluted) | -$4.67 | -$1.44 | $1.81 | $2.63 | -$2.19 | — | — |
| Weighted Avg Shares (Basic) | 13.7M | 14.4M | 15.5M | 17.8M | 19.3M | — | — |
| Weighted Avg Shares (Diluted) | 13.7M | 14.4M | 15.5M | 17.8M | 19.3M | — | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
EOD close · as of 2026-10-14
Where each multiple sits in its own 5-yr range · 0th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 5-yr history.
Is the profit real, and how strong is the balance sheet?
FY2024 · every deduction from revenue to net income
DuPont — the three levers
ROE -26% against ROIC -26% — 0% of the return on equity comes from leverage and buybacks rather than from the operating business.
Equity is the year-end figure. On average equity over the two year-ends, ROE is -22.9% — the two diverge when buybacks or issuance move equity during the year.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 |
|---|---|---|---|---|---|---|---|
| SG&A | 44.0 | 44.6 | 38.1 | 24.2 | 34.0 | 33.9 | 44.2 |
| Operating Income | -8.4 | -4.7 | -31.8 | 9.3 | 0.7 | -11.3 | -20.3 |
| Income Tax | 1.4 | 4.1 | -6.5 | 5.5 | 4.4 | -0.5 | 2.5 |
| Net Income | -4.4 | 6.7 | -24.4 | 15.0 | 8.2 | -5.2 | -20.8 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on BBXIA: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $87.7M covers the $10.7M due within a year 8.2× over. Scheduled principal only (excludes interest & revolver draws). As of 2024-12-31 (10-K).
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest.
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Ranked against 9 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-06-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| KR | $37.3B | 41.0× | 9.5× | 0.3× | 0.4% | — | 0.7% | 17.1% | 4.7% | 2.4× | 1,270 |
| ACI | $6.3B | 32.7× | 7.0× | 0.1× | 3.5% | 27.2% | 0.3% | 11.8% | 2.0% | 4.0× | 436 |
| SFM | $6.0B | 12.2× | 6.8× | 0.7× | 14.1% | 38.8% | 5.9% | 37.3% | 37.3% | -0.3× | 622 |
| WMK | $1.9B | 20.6× | 7.3× | 0.4× | 3.5% | 25.0% | 1.9% | 6.9% | 6.9% | -0.5× | 195 |
| IMKTA | $1.6B | — | 9.0× | 0.3× | -5.4% | 23.9% | 1.6% | 5.2% | 3.9% | 2.1× | 235 |
| GO | $1.3B | — | — | 0.3× | 7.3% | 30.3% | -4.8% | -22.9% | -15.2% | — | 243 |
| NGVC | $712M | 15.4× | 7.4× | 0.5× | 7.2% | 29.9% | 3.5% | 21.9% | 21.9% | -0.2× | 153 |
| VLGEA | $664M | — | 5.6× | 0.3× | 3.8% | 28.6% | 2.4% | 11.5% | 10.3% | -0.5× | 149 |
| ARKO | $453M | 26.9× | 5.2× | 0.1× | -12.5% | — | 0.3% | 8.5% | 1.9% | 3.0× | 151 |
| BBXIA | $52M | — | — | 0.2× | -23.4% | — | -20.8% | -26.0% | -26.0% | — | — |
Peers = companies sharing BBXIA's sector (Retail-Food Stores) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Earns -32.03pts against its cost of capital — capital is being consumed, not created.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2018 | -5.6% | 9.2% (today's — no rate published for this year) | -14.8pts |
| FY2019 | -4.0% | 9.2% (today's — no rate published for this year) | -13.2pts |
| FY2020 | -17.3% | 9.2% (today's — no rate published for this year) | -26.5pts |
| FY2021 | 9.7% | 8.9% | 0.8pts |
| FY2022 | 0.8% | 8.2% | -7.3pts |
| FY2023 | -13.8% | 7.9% | -21.7pts |
| FY2024 | -26.6% | 8.6% | -35.2pts |
| Now | -26.0% | 9.2% | -35.2pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2018 | not reported | -8.4% | -4.4% |
| FY2019 | not reported | -4.7% | 6.7% |
| FY2020 | not reported | -31.8% | -24.4% |
| FY2021 | not reported | 9.3% | 15.0% |
| FY2022 | not reported | 0.7% | 8.2% |
| FY2023 | not reported | -11.3% | -5.2% |
| FY2024 | not reported | -20.3% | -20.8% |
$50M of goodwill — 26% of invested capital. The gap is what was paid above the fair value of what was bought; it is real capital shareholders provided, so neither bar is the whole answer.
Margins have compressed 3 years running even as the spread stayed positive.
Converts 0.75x of reported profit into cash — adequate, without much margin.
Reported free cash flow is -$41M; after share-based compensation it is -$47M. The difference is a real cost that the cash flow statement adds back.
No debt, so there is no leverage path to distress.
This schedule comes from a filing dated 2024-12-31, 653 days old. Maturities are shown relative to that date, not to today.
Ladder as of 2024-12-31 (10-K); cash from the 2024-12-31 balance sheet; FCF from FY2024. Free cash flow is negative, so projected resources fall rather than accumulate.
Balance sheet at 2024-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Cash burn, not leverage, is the risk for a debt-free company — see question 2 for cash conversion.
No growth rate within the range this model can express reaches the current price, so the requirement cannot be stated as a number.
No material counter-signal in the checked set: reverse-DCF implied growth, historical FCF CAGR, per-year FCF growth distribution, reporting-basis breaks, discount rate used, free-cash-flow basis (stock comp charged?).
Missing from our data, so excluded from this answer: implied_growth.
| Step | Amount | Running total |
|---|---|---|
| Net income | −$64M | −$64M |
| Share-based comp | $6M | −$58M |
| Other non-cash & working capital | $24M | −$34M |
| Operating cash flow | −$34M | −$34M |
| Capex | −$7M | −$41M |
| Free cash flow | −$41M | −$41M |
| FCF after SBC | −$47M | −$47M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2019 | -2.3% | not reported | not reported |
| FY2020 | -15.0% | 125.2% | 140.2 points |
| FY2021 | 81.0% | 1.3% | -79.7 points |
| FY2022 | 9.1% | -34.2% | -43.3 points |
| FY2023 | 17.3% | -6.7% | -24.0 points |
| FY2024 | -23.4% | -12.3% | 11.2 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2018 | not reported | not reported | not reported | not reported |
| FY2019 | 23.5 days | not reported | not reported | not reported |
| FY2020 | 62.2 days | not reported | not reported | not reported |
| FY2021 | 34.8 days | not reported | not reported | not reported |
| FY2022 | 21 days | not reported | not reported | not reported |
| FY2023 | 16.7 days | not reported | not reported | not reported |
| FY2024 | 19.1 days | not reported | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2018 | -6.6 percent |
| FY2019 | -2.5 percent |
| FY2020 | -8.1 percent |
| FY2021 | 1.7 percent |
| FY2022 | -1.5 percent |
| FY2023 | -1.4 percent |
| FY2024 | -5.0 percent |
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2024) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.