BOYD GAMING CORP (BYD) Fundamental Analysis & Valuation

NYSE:BYD • US1033041013

80.75 USD
-1.45 (-1.76%)
Last: Mar 5, 2026, 12:36 PM
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This BYD fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to BYD. BYD was compared to 125 industry peers in the Hotels, Restaurants & Leisure industry. BYD has an excellent profitability rating, but there are concerns on its financial health. BYD is valued quite cheap, while showing a decent growth score. This is a good combination!


Dividend Valuation Growth Profitability Health

7

1. BYD Profitability Analysis

1.1 Basic Checks

  • In the past year BYD was profitable.
  • BYD had a positive operating cash flow in the past year.
  • In the past 5 years BYD has always been profitable.
  • BYD had a positive operating cash flow in 4 of the past 5 years.
BYD Yearly Net Income VS EBIT VS OCF VS FCFBYD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B

1.2 Ratios

  • With an excellent Return On Assets value of 28.76%, BYD belongs to the best of the industry, outperforming 98.40% of the companies in the same industry.
  • With an excellent Return On Equity value of 70.26%, BYD belongs to the best of the industry, outperforming 93.60% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 13.20%, BYD is doing good in the industry, outperforming 79.20% of the companies in the same industry.
Industry RankSector Rank
ROA 28.76%
ROE 70.26%
ROIC 13.2%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
BYD Yearly ROA, ROE, ROICBYD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30 40

1.3 Margins

  • The Profit Margin of BYD (46.02%) is better than 99.20% of its industry peers.
  • In the last couple of years the Profit Margin of BYD has grown nicely.
  • BYD has a Operating Margin of 23.11%. This is amongst the best in the industry. BYD outperforms 85.60% of its industry peers.
  • BYD's Operating Margin has improved in the last couple of years.
  • BYD has a Gross Margin of 50.78%. This is comparable to the rest of the industry: BYD outperforms 58.40% of its industry peers.
  • In the last couple of years the Gross Margin of BYD has remained more or less at the same level.
Industry RankSector Rank
OM 23.11%
PM (TTM) 46.02%
GM 50.78%
OM growth 3Y-8.95%
OM growth 5Y19.8%
PM growth 3Y35.81%
PM growth 5YN/A
GM growth 3Y-3.99%
GM growth 5Y-1.11%
BYD Yearly Profit, Operating, Gross MarginsBYD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. BYD Health Analysis

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 no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
BYD Yearly Shares OutstandingBYD Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
BYD Yearly Total Debt VS Total AssetsBYD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

  • An Altman-Z score of 2.59 indicates that BYD is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of BYD (2.59) is better than 70.40% of its industry peers.
  • The Debt to FCF ratio of BYD is 4.59, which is a neutral value as it means it would take BYD, 4.59 years of fcf income to pay off all of its debts.
  • BYD has a better Debt to FCF ratio (4.59) than 75.20% of its industry peers.
  • A Debt/Equity ratio of 0.71 indicates that BYD is somewhat dependend on debt financing.
  • BYD has a better Debt to Equity ratio (0.71) than 61.60% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.71
Debt/FCF 4.59
Altman-Z 2.59
ROIC/WACC1.78
WACC7.4%
BYD Yearly LT Debt VS Equity VS FCFBYD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 0.51 indicates that BYD may have some problems paying its short term obligations.
  • BYD has a Current ratio of 0.51. This is amonst the worse of the industry: BYD underperforms 80.00% of its industry peers.
  • BYD has a Quick Ratio of 0.51. 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 has a worse Quick ratio (0.49) than 76.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.51
Quick Ratio 0.49
BYD Yearly Current Assets VS Current LiabilitesBYD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. BYD Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 12.94% over the past year.
  • BYD shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.86% yearly.
  • The Revenue has been growing slightly by 4.12% in the past year.
  • Measured over the past years, BYD shows a quite strong growth in Revenue. The Revenue has been growing by 13.44% on average per year.
EPS 1Y (TTM)12.94%
EPS 3Y6.86%
EPS 5YN/A
EPS Q2Q%12.76%
Revenue 1Y (TTM)4.12%
Revenue growth 3Y4.8%
Revenue growth 5Y13.44%
Sales Q2Q%2.03%

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 6.72% on average per year.
  • BYD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.26% yearly.
EPS Next Y5.47%
EPS Next 2Y6.72%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.75%
Revenue Next 2Y2.68%
Revenue Next 3Y3.26%
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 stable.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
BYD Yearly Revenue VS EstimatesBYD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B 4B
BYD Yearly EPS VS EstimatesBYD Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2 4 6 8

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Find the best growth stocksShow best growing peers

7

4. BYD Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 10.88, the valuation of BYD can be described as reasonable.
  • Based on the Price/Earnings ratio, BYD is valued cheaply inside the industry as 88.00% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 27.03, BYD is valued rather cheaply.
  • The Price/Forward Earnings ratio is 10.32, which indicates a very decent valuation of BYD.
  • BYD's Price/Forward Earnings ratio is rather cheap when compared to the industry. BYD is cheaper than 86.40% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 25.11. BYD is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 10.88
Fwd PE 10.32
BYD Price Earnings VS Forward Price EarningsBYD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • 88.00% of the companies in the same industry are more expensive than BYD, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of BYD indicates a somewhat cheap valuation: BYD is cheaper than 78.40% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 15.3
EV/EBITDA 6.5
BYD Per share dataBYD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BYD does not grow enough to justify the current Price/Earnings ratio.
  • The decent profitability rating of BYD may justify a higher PE ratio.
PEG (NY)1.99
PEG (5Y)N/A
EPS Next 2Y6.72%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. BYD Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.91%, BYD is not a good candidate for dividend investing.
  • BYD's Dividend Yield is a higher than the industry average which is at 1.10.
  • Compared to an average S&P500 Dividend Yield of 1.82, BYD's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.91%

5.2 History

  • The dividend of BYD is nicely growing with an annual growth rate of 21.48%!
  • 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
BYD Yearly Dividends per shareBYD Yearly Dividends per shareYearly Dividends per share 2017 2018 2019 2022 2023 2024 2025 2026 0.2 0.4 0.6

5.3 Sustainability

  • 3.15% of the earnings are spent on dividend by BYD. This is a low number and 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 2Y6.72%
EPS Next 3YN/A
BYD Yearly Income VS Free CF VS DividendBYD Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B
BYD Dividend Payout.BYD Dividend Payout, showing the Payout Ratio.BYD Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

BYD Fundamentals: All Metrics, Ratios and Statistics

BOYD GAMING CORP

NYSE:BYD (3/5/2026, 12:36:10 PM)

80.75

-1.45 (-1.76%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)02-05
Earnings (Next)04-22
Inst Owners72.18%
Inst Owner Change-2.36%
Ins Owners22.33%
Ins Owner Change6.47%
Market Cap6.31B
Revenue(TTM)4.09B
Net Income(TTM)1.87B
Analysts73.33
Price Target95.74 (18.56%)
Short Float %6.33%
Short Ratio3.83
Dividend
Industry RankSector Rank
Dividend Yield 0.91%
Yearly Dividend0.68
Dividend Growth(5Y)21.48%
DP3.15%
Div Incr Years2
Div Non Decr Years2
Ex-Date03-16
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%
PT rev (3m)1.94%
EPS NQ rev (1m)0.77%
EPS NQ rev (3m)1.22%
EPS NY rev (1m)1.22%
EPS NY rev (3m)2.04%
Revenue NQ rev (1m)-0.29%
Revenue NQ rev (3m)2.48%
Revenue NY rev (1m)2.45%
Revenue NY rev (3m)6.88%
Valuation
Industry RankSector Rank
PE 10.88
Fwd PE 10.32
P/S 1.55
P/FCF 15.3
P/OCF 6.55
P/B 2.37
P/tB 19.24
EV/EBITDA 6.5
EPS(TTM)7.42
EY9.19%
EPS(NY)7.83
Fwd EY9.69%
FCF(TTM)5.28
FCFY6.54%
OCF(TTM)12.33
OCFY15.27%
SpS52.11
BVpS34.13
TBVpS4.2
PEG (NY)1.99
PEG (5Y)N/A
Graham Number75.49
Profitability
Industry RankSector Rank
ROA 28.76%
ROE 70.26%
ROCE 16.95%
ROIC 13.2%
ROICexc 14.01%
ROICexgc 25.34%
OM 23.11%
PM (TTM) 46.02%
GM 50.78%
FCFM 10.13%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-8.95%
OM growth 5Y19.8%
PM growth 3Y35.81%
PM growth 5YN/A
GM growth 3Y-3.99%
GM growth 5Y-1.11%
F-Score6
Asset Turnover0.63
Health
Industry RankSector 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 2.59
F-Score6
WACC7.4%
ROIC/WACC1.78
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)12.94%
EPS 3Y6.86%
EPS 5YN/A
EPS Q2Q%12.76%
EPS Next Y5.47%
EPS Next 2Y6.72%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)4.12%
Revenue growth 3Y4.8%
Revenue growth 5Y13.44%
Sales Q2Q%2.03%
Revenue Next Year2.75%
Revenue Next 2Y2.68%
Revenue Next 3Y3.26%
Revenue Next 5YN/A
EBIT growth 1Y0.58%
EBIT growth 3Y-4.59%
EBIT growth 5Y35.89%
EBIT Next Year46.69%
EBIT Next 3Y15.7%
EBIT Next 5YN/A
FCF growth 1Y-21.91%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y5.61%
OCF growth 3YN/A
OCF growth 5YN/A

BOYD GAMING CORP / BYD FAQ

What is the fundamental rating for BYD stock?

ChartMill assigns a fundamental rating of 5 / 10 to BYD.


Can you provide the valuation status for BOYD GAMING CORP?

ChartMill assigns a valuation rating of 7 / 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 7 / 10.


What is the valuation of BOYD GAMING CORP based on its PE and PB ratios?

The Price/Earnings (PE) ratio for BOYD GAMING CORP (BYD) is 10.88 and the Price/Book (PB) ratio is 2.37.


How financially healthy is BOYD GAMING CORP?

The financial health rating of BOYD GAMING CORP (BYD) is 3 / 10.