BOYD GAMING CORP (BYD) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BYD - US1033041013 - Common Stock
86.7 USD
+0.33 (+0.38%)
86.7 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to BYD. BYD was compared to 133 industry peers in the Hotels, Restaurants & Leisure industry. While BYD belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. BYD may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
BYD had positive earnings in the past year.
BYD had a positive operating cash flow in the past year.
Of the past 5 years BYD 4 years were profitable.
Each year in the past 5 years BYD had a positive operating cash flow.
1.2 Ratios
BYD's Return On Assets of 28.76% is amongst the best of the industry. BYD outperforms 97.74% of its industry peers.
BYD has a Return On Equity of 70.26%. This is amongst the best in the industry. BYD outperforms 92.48% of its industry peers.
Looking at the Return On Invested Capital, with a value of 13.49%, BYD belongs to the top of the industry, outperforming 80.45% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for BYD is above the industry average of 10.41%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 28.76% | ||
| ROE | 70.26% | ||
| ROIC | 13.49% |
ROA(3y)9.69%
ROA(5y)6.89%
ROE(3y)37.43%
ROE(5y)26.09%
ROIC(3y)13.71%
ROIC(5y)11.32%
1.3 Margins
BYD has a better Profit Margin (46.02%) than 98.50% of its industry peers.
BYD's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 23.11%, BYD belongs to the top of the industry, outperforming 87.22% of the companies in the same industry.
BYD's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 50.78%, BYD is in line with its industry, outperforming 59.40% of the companies in the same industry.
In the last couple of years the Gross Margin of BYD has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.11% | ||
| PM (TTM) | 46.02% | ||
| GM | 50.78% |
OM growth 3Y-4.44%
OM growth 5Y10.94%
PM growth 3Y2.23%
PM growth 5Y25.42%
GM growth 3Y-3.19%
GM growth 5Y1.76%
2. Health
2.1 Basic Checks
BYD has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, BYD has less shares outstanding
Compared to 5 years ago, BYD has less shares outstanding
BYD has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.64 indicates that BYD is not a great score, but indicates only limited risk for bankruptcy at the moment.
BYD has a better Altman-Z score (2.64) than 71.43% of its industry peers.
BYD has a debt to FCF ratio of 4.59. This is a neutral value as BYD would need 4.59 years to pay back of all of its debts.
BYD has a Debt to FCF ratio of 4.59. This is in the better half of the industry: BYD outperforms 76.69% of its industry peers.
A Debt/Equity ratio of 0.71 indicates that BYD is somewhat dependend on debt financing.
BYD's Debt to Equity ratio of 0.71 is fine compared to the rest of the industry. BYD outperforms 64.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 4.59 | ||
| Altman-Z | 2.64 |
ROIC/WACC1.64
WACC8.21%
2.3 Liquidity
A Current Ratio of 0.51 indicates that BYD may have some problems paying its short term obligations.
BYD has a worse Current ratio (0.51) than 75.19% of its industry peers.
A Quick Ratio of 0.49 indicates that BYD may have some problems paying its short term obligations.
The Quick ratio of BYD (0.49) is worse than 72.93% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.51 | ||
| Quick Ratio | 0.49 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 14.35% over the past year.
BYD shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 29.85% yearly.
Looking at the last year, BYD shows a small growth in Revenue. The Revenue has grown by 5.91% in the last year.
The Revenue has been growing slightly by 3.39% on average over the past years.
EPS 1Y (TTM)14.35%
EPS 3Y8.67%
EPS 5Y29.85%
EPS Q2Q%13.16%
Revenue 1Y (TTM)5.91%
Revenue growth 3Y5.26%
Revenue growth 5Y3.39%
Sales Q2Q%4.49%
3.2 Future
Based on estimates for the next years, BYD will show a small growth in Earnings Per Share. The EPS will grow by 7.58% on average per year.
Based on estimates for the next years, BYD will show a small growth in Revenue. The Revenue will grow by 0.92% on average per year.
EPS Next Y9.01%
EPS Next 2Y7.87%
EPS Next 3Y7.58%
EPS Next 5YN/A
Revenue Next Year2.52%
Revenue Next 2Y0.06%
Revenue Next 3Y0.92%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 12.09, the valuation of BYD can be described as correct.
84.96% of the companies in the same industry are more expensive than BYD, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of BYD to the average of the S&P500 Index (26.61), we can say BYD is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 11.34, the valuation of BYD can be described as reasonable.
85.71% of the companies in the same industry are more expensive than BYD, based on the Price/Forward Earnings ratio.
BYD's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.01.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.09 | ||
| Fwd PE | 11.34 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BYD is valued cheaply inside the industry as 86.47% of the companies are valued more expensively.
BYD's Price/Free Cash Flow ratio is rather cheap when compared to the industry. BYD is cheaper than 80.45% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.42 | ||
| EV/EBITDA | 6.76 |
4.3 Compensation for Growth
BYD's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of BYD may justify a higher PE ratio.
PEG (NY)1.34
PEG (5Y)0.41
EPS Next 2Y7.87%
EPS Next 3Y7.58%
5. Dividend
5.1 Amount
BYD has a yearly dividend return of 0.84%, which is pretty low.
BYD's Dividend Yield is a higher than the industry average which is at 1.54.
With a Dividend Yield of 0.84, BYD pays less dividend than the S&P500 average, which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.84% |
5.2 History
On average, the dividend of BYD grows each year by 21.48%, which is quite nice.
BYD has paid a dividend for at least 10 years, which is a reliable track record.
BYD has decreased its dividend in the last 3 years.
Dividend Growth(5Y)21.48%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
BYD pays out 3.15% of its income as dividend. This is a sustainable payout ratio.
The dividend of BYD is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP3.15%
EPS Next 2Y7.87%
EPS Next 3Y7.58%
86.7
+0.33 (+0.38%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners71.84%
Inst Owner Change-5.52%
Ins Owners22.33%
Ins Owner Change-9.47%
Market Cap6.77B
Revenue(TTM)4.07B
Net Income(TTM)1.87B
Analysts73.33
Price Target93.02 (7.29%)
Short Float %4.89%
Short Ratio2.86
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.84% |
Yearly Dividend0.68
Dividend Growth(5Y)21.48%
DP3.15%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.22%
Min EPS beat(2)4.34%
Max EPS beat(2)12.09%
EPS beat(4)4
Avg EPS beat(4)7.81%
Min EPS beat(4)4.34%
Max EPS beat(4)12.09%
EPS beat(8)7
Avg EPS beat(8)6.57%
EPS beat(12)9
Avg EPS beat(12)5.77%
EPS beat(16)13
Avg EPS beat(16)6.68%
Revenue beat(2)2
Avg Revenue beat(2)9.37%
Min Revenue beat(2)4.81%
Max Revenue beat(2)13.94%
Revenue beat(4)4
Avg Revenue beat(4)5.32%
Min Revenue beat(4)0.68%
Max Revenue beat(4)13.94%
Revenue beat(8)7
Avg Revenue beat(8)3.95%
Revenue beat(12)10
Avg Revenue beat(12)3.65%
Revenue beat(16)14
Avg Revenue beat(16)3.27%
PT rev (1m)-1.36%
PT rev (3m)0.96%
EPS NQ rev (1m)-0.52%
EPS NQ rev (3m)-1.95%
EPS NY rev (1m)0.13%
EPS NY rev (3m)2.95%
Revenue NQ rev (1m)1.29%
Revenue NQ rev (3m)9.53%
Revenue NY rev (1m)0.22%
Revenue NY rev (3m)5.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.09 | ||
| Fwd PE | 11.34 | ||
| P/S | 1.66 | ||
| P/FCF | 16.42 | ||
| P/OCF | 7.03 | ||
| P/B | 2.54 | ||
| P/tB | 20.66 | ||
| EV/EBITDA | 6.76 |
EPS(TTM)7.17
EY8.27%
EPS(NY)7.65
Fwd EY8.82%
FCF(TTM)5.28
FCFY6.09%
OCF(TTM)12.33
OCFY14.22%
SpS52.11
BVpS34.13
TBVpS4.2
PEG (NY)1.34
PEG (5Y)0.41
Graham Number74.2
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 28.76% | ||
| ROE | 70.26% | ||
| ROCE | 16.95% | ||
| ROIC | 13.49% | ||
| ROICexc | 14.32% | ||
| ROICexgc | 25.89% | ||
| OM | 23.11% | ||
| PM (TTM) | 46.02% | ||
| GM | 50.78% | ||
| FCFM | 10.13% |
ROA(3y)9.69%
ROA(5y)6.89%
ROE(3y)37.43%
ROE(5y)26.09%
ROIC(3y)13.71%
ROIC(5y)11.32%
ROICexc(3y)14.47%
ROICexc(5y)11.99%
ROICexgc(3y)25.84%
ROICexgc(5y)21.38%
ROCE(3y)17.23%
ROCE(5y)14.22%
ROICexgc growth 3Y-0.73%
ROICexgc growth 5Y16.07%
ROICexc growth 3Y-0.21%
ROICexc growth 5Y16.3%
OM growth 3Y-4.44%
OM growth 5Y10.94%
PM growth 3Y2.23%
PM growth 5Y25.42%
GM growth 3Y-3.19%
GM growth 5Y1.76%
F-Score6
Asset Turnover0.63
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 4.59 | ||
| Debt/EBITDA | 1.54 | ||
| Cap/Depr | 190.24% | ||
| Cap/Sales | 13.54% | ||
| Interest Coverage | 5.48 | ||
| Cash Conversion | 78.31% | ||
| Profit Quality | 22.01% | ||
| Current Ratio | 0.51 | ||
| Quick Ratio | 0.49 | ||
| Altman-Z | 2.64 |
F-Score6
WACC8.21%
ROIC/WACC1.64
Cap/Depr(3y)131.54%
Cap/Depr(5y)106.28%
Cap/Sales(3y)9.25%
Cap/Sales(5y)8.34%
Profit Quality(3y)98.02%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)14.35%
EPS 3Y8.67%
EPS 5Y29.85%
EPS Q2Q%13.16%
EPS Next Y9.01%
EPS Next 2Y7.87%
EPS Next 3Y7.58%
EPS Next 5YN/A
Revenue 1Y (TTM)5.91%
Revenue growth 3Y5.26%
Revenue growth 5Y3.39%
Sales Q2Q%4.49%
Revenue Next Year2.52%
Revenue Next 2Y0.06%
Revenue Next 3Y0.92%
Revenue Next 5YN/A
EBIT growth 1Y0.58%
EBIT growth 3Y0.59%
EBIT growth 5Y14.71%
EBIT Next Year33.95%
EBIT Next 3Y10.44%
EBIT Next 5YN/A
FCF growth 1Y-27.68%
FCF growth 3Y-11.78%
FCF growth 5Y10.27%
OCF growth 1Y1.91%
OCF growth 3Y-1.79%
OCF growth 5Y11.76%
BOYD GAMING CORP / BYD FAQ
What is the fundamental rating for BYD stock?
ChartMill assigns a fundamental rating of 6 / 10 to BYD.
What is the valuation status for BYD stock?
ChartMill assigns a valuation rating of 8 / 10 to BOYD GAMING CORP (BYD). This can be considered as Undervalued.
How profitable is BOYD GAMING CORP (BYD) stock?
BOYD GAMING CORP (BYD) has a profitability rating of 8 / 10.
What is the expected EPS growth for BOYD GAMING CORP (BYD) stock?
The Earnings per Share (EPS) of BOYD GAMING CORP (BYD) is expected to grow by 9.01% in the next year.
Can you provide the dividend sustainability for BYD stock?
The dividend rating of BOYD GAMING CORP (BYD) is 4 / 10 and the dividend payout ratio is 3.15%.