BOYD GAMING CORP (BYD) Stock Fundamental Analysis
USA - NYSE:BYD - US1033041013 - Common Stock
79.78 USD
-1.03 (-1.27%)
79.78 USD
0 (0%)
Overall BYD gets a fundamental rating of 6 out of 10. We evaluated BYD against 132 industry peers in the Hotels, Restaurants & Leisure industry. While BYD has a great profitability rating, there are some minor concerns on its financial health. BYD is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year BYD was profitable.
BYD had a positive operating cash flow in the past year.
BYD had positive earnings in 4 of the past 5 years.
In the past 5 years BYD always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of BYD (8.60%) is better than 81.06% of its industry peers.
With an excellent Return On Equity value of 40.51%, BYD belongs to the best of the industry, outperforming 87.88% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 12.83%, BYD is in the better half of the industry, outperforming 79.55% 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 10.74%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.6% | ||
| ROE | 40.51% | ||
| ROIC | 12.83% |
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 Profit Margin of 14.02%. This is amongst the best in the industry. BYD outperforms 84.85% of its industry peers.
BYD's Profit Margin has improved in the last couple of years.
BYD's Operating Margin of 23.73% is amongst the best of the industry. BYD outperforms 87.12% of its industry peers.
In the last couple of years the Operating Margin of BYD has grown nicely.
Looking at the Gross Margin, with a value of 51.60%, BYD is in the better half of the industry, outperforming 60.61% of the companies in the same industry.
BYD's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.73% | ||
| PM (TTM) | 14.02% | ||
| GM | 51.6% |
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.
BYD has less shares outstanding than it did 1 year ago.
BYD has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, BYD has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.13 indicates that BYD is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 2.13, BYD is doing good in the industry, outperforming 60.61% of the companies in the same industry.
BYD has a debt to FCF ratio of 8.45. This is a slightly negative value and a sign of low solvency as BYD would need 8.45 years to pay back of all of its debts.
BYD has a better Debt to FCF ratio (8.45) than 65.15% of its industry peers.
BYD has a Debt/Equity ratio of 2.53. This is a high value indicating a heavy dependency on external financing.
BYD has a Debt to Equity ratio (2.53) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.53 | ||
| Debt/FCF | 8.45 | ||
| Altman-Z | 2.13 |
ROIC/WACC1.66
WACC7.75%
2.3 Liquidity
A Current Ratio of 0.86 indicates that BYD may have some problems paying its short term obligations.
The Current ratio of BYD (0.86) is comparable to the rest of the industry.
BYD has a Quick Ratio of 0.86. This is a bad value and indicates that BYD is not financially healthy enough and could expect problems in meeting its short term obligations.
BYD's Quick ratio of 0.82 is in line compared to the rest of the industry. BYD outperforms 46.97% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.86 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
BYD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.35%, which is quite good.
Measured over the past years, BYD shows a very strong growth in Earnings Per Share. The EPS has been growing by 29.85% on average per year.
The Revenue has been growing slightly by 5.91% in the past 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
The Earnings Per Share is expected to grow by 7.63% on average over the next years.
The Revenue is expected to grow by 0.12% on average over the next years.
EPS Next Y8.87%
EPS Next 2Y8.04%
EPS Next 3Y7.63%
EPS Next 5YN/A
Revenue Next Year2.29%
Revenue Next 2Y-0.27%
Revenue Next 3Y0.12%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 11.13, the valuation of BYD can be described as very reasonable.
86.36% of the companies in the same industry are more expensive than BYD, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 25.89, BYD is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 10.40, the valuation of BYD can be described as reasonable.
BYD's Price/Forward Earnings ratio is rather cheap when compared to the industry. BYD is cheaper than 85.61% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 34.59. BYD is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.13 | ||
| Fwd PE | 10.4 |
4.2 Price Multiples
BYD's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BYD is cheaper than 77.27% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, BYD is valued cheaper than 84.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.15 | ||
| EV/EBITDA | 7.83 |
4.3 Compensation for Growth
BYD's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
BYD has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.25
PEG (5Y)0.37
EPS Next 2Y8.04%
EPS Next 3Y7.63%
5. Dividend
5.1 Amount
With a yearly dividend of 0.90%, BYD is not a good candidate for dividend investing.
BYD's Dividend Yield is a higher than the industry average which is at 4.57.
With a Dividend Yield of 0.90, BYD pays less dividend than the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.9% |
5.2 History
On average, the dividend of BYD grows each year by 21.48%, which is quite nice.
BYD has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of BYD decreased in the last 3 years.
Dividend Growth(5Y)21.48%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
BYD pays out 10.64% of its income as dividend. This is a sustainable payout ratio.
BYD's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP10.64%
EPS Next 2Y8.04%
EPS Next 3Y7.63%
79.78
-1.03 (-1.27%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners72.66%
Inst Owner Change-0.82%
Ins Owners21.81%
Ins Owner Change-9.47%
Market Cap6.40B
Revenue(TTM)4.07B
Net Income(TTM)564.51M
Analysts74.74
Price Target94.31 (18.21%)
Short Float %5.64%
Short Ratio3.68
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.9% |
Yearly Dividend0.68
Dividend Growth(5Y)21.48%
DP10.64%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.91%
Min EPS beat(2)5.72%
Max EPS beat(2)12.09%
EPS beat(4)4
Avg EPS beat(4)9.04%
Min EPS beat(4)5.72%
Max EPS beat(4)12.09%
EPS beat(8)6
Avg EPS beat(8)4.96%
EPS beat(12)9
Avg EPS beat(12)6.35%
EPS beat(16)13
Avg EPS beat(16)6.58%
Revenue beat(2)2
Avg Revenue beat(2)2.75%
Min Revenue beat(2)0.68%
Max Revenue beat(2)4.81%
Revenue beat(4)4
Avg Revenue beat(4)2.9%
Min Revenue beat(4)0.68%
Max Revenue beat(4)4.81%
Revenue beat(8)7
Avg Revenue beat(8)2.4%
Revenue beat(12)10
Avg Revenue beat(12)2.62%
Revenue beat(16)13
Avg Revenue beat(16)2.36%
PT rev (1m)2.36%
PT rev (3m)2.55%
EPS NQ rev (1m)4.95%
EPS NQ rev (3m)6.01%
EPS NY rev (1m)2.19%
EPS NY rev (3m)8.38%
Revenue NQ rev (1m)0.49%
Revenue NQ rev (3m)-1.5%
Revenue NY rev (1m)4.74%
Revenue NY rev (3m)4.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.13 | ||
| Fwd PE | 10.4 | ||
| P/S | 1.59 | ||
| P/FCF | 15.15 | ||
| P/OCF | 6.7 | ||
| P/B | 4.59 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.83 |
EPS(TTM)7.17
EY8.99%
EPS(NY)7.67
Fwd EY9.61%
FCF(TTM)5.27
FCFY6.6%
OCF(TTM)11.9
OCFY14.92%
SpS50.23
BVpS17.38
TBVpS-11.84
PEG (NY)1.25
PEG (5Y)0.37
Graham Number52.95
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.6% | ||
| ROE | 40.51% | ||
| ROCE | 16.11% | ||
| ROIC | 12.83% | ||
| ROICexc | 13.56% | ||
| ROICexgc | 23.28% | ||
| OM | 23.73% | ||
| PM (TTM) | 14.02% | ||
| GM | 51.6% | ||
| FCFM | 10.48% |
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-Score7
Asset Turnover0.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.53 | ||
| Debt/FCF | 8.45 | ||
| Debt/EBITDA | 2.84 | ||
| Cap/Depr | 186.18% | ||
| Cap/Sales | 13.21% | ||
| Interest Coverage | 5.18 | ||
| Cash Conversion | 76.87% | ||
| Profit Quality | 74.81% | ||
| Current Ratio | 0.86 | ||
| Quick Ratio | 0.82 | ||
| Altman-Z | 2.13 |
F-Score7
WACC7.75%
ROIC/WACC1.66
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 Y8.87%
EPS Next 2Y8.04%
EPS Next 3Y7.63%
EPS Next 5YN/A
Revenue 1Y (TTM)5.91%
Revenue growth 3Y5.26%
Revenue growth 5Y3.39%
Sales Q2Q%4.49%
Revenue Next Year2.29%
Revenue Next 2Y-0.27%
Revenue Next 3Y0.12%
Revenue Next 5YN/A
EBIT growth 1Y2.42%
EBIT growth 3Y0.59%
EBIT growth 5Y14.71%
EBIT Next Year31.72%
EBIT Next 3Y9.97%
EBIT Next 5YN/A
FCF growth 1Y-34.15%
FCF growth 3Y-11.78%
FCF growth 5Y10.27%
OCF growth 1Y-2.92%
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 8.87% 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 10.64%.