BOYD GAMING CORP (BYD) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:BYD • US1033041013

83.99 USD
+0.35 (+0.42%)
Last: Feb 6, 2026, 02:49 PM
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to BYD. BYD was compared to 132 industry peers in the Hotels, Restaurants & Leisure industry. While BYD belongs to the best of the industry regarding profitability, there are concerns on its financial health. BYD is valued quite cheap, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • BYD had positive earnings in the past year.
  • In the past year BYD had a positive cash flow from operations.
  • Of the past 5 years BYD 4 years were 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 0 200M 400M 600M 800M 1B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 28.76%, BYD belongs to the top of the industry, outperforming 97.73% of the companies in the same industry.
  • BYD has a better Return On Equity (70.26%) than 93.18% of its industry peers.
  • BYD has a better Return On Invested Capital (13.49%) than 80.30% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for BYD is above the industry average of 10.39%.
Industry RankSector 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%
BYD Yearly ROA, ROE, ROICBYD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 30 40

1.3 Margins

  • With an excellent Profit Margin value of 46.02%, BYD belongs to the best of the industry, outperforming 98.48% of the companies in the same industry.
  • In the last couple of years the Profit Margin of BYD has grown nicely.
  • Looking at the Operating Margin, with a value of 23.11%, BYD belongs to the top of the industry, outperforming 87.12% of the companies in the same industry.
  • In the last couple of years the Operating Margin of BYD has grown nicely.
  • The Gross Margin of BYD (50.78%) is comparable to the rest of the industry.
  • BYD's Gross Margin has improved in the last couple of years.
Industry RankSector 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%
BYD Yearly Profit, Operating, Gross MarginsBYD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40

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3

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BYD 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

  • BYD has an Altman-Z score of 2.61. This is not the best score and indicates that BYD is in the grey zone with still only limited risk for bankruptcy at the moment.
  • BYD has a Altman-Z score of 2.61. This is in the better half of the industry: BYD outperforms 70.45% 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.
  • Looking at the Debt to FCF ratio, with a value of 4.59, BYD is in the better half of the industry, outperforming 76.52% of the companies in the same industry.
  • BYD has a Debt/Equity ratio of 0.71. This is a neutral value indicating BYD is somewhat dependend on debt financing.
  • BYD has a better Debt to Equity ratio (0.71) than 63.64% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.71
Debt/FCF 4.59
Altman-Z 2.61
ROIC/WACC1.69
WACC7.98%
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

  • BYD has a Current 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 Current ratio of 0.51. This is in the lower half of the industry: BYD underperforms 75.00% of its industry peers.
  • A Quick Ratio of 0.49 indicates that BYD may have some problems paying its short term obligations.
  • BYD has a worse Quick ratio (0.49) than 72.73% 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

3

3. Growth

3.1 Past

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

3.2 Future

  • BYD is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.72% yearly.
  • The Revenue is expected to grow by 1.35% on average over the next years.
EPS Next Y5.47%
EPS Next 2Y6.72%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year0.02%
Revenue Next 2Y1.35%
Revenue Next 3YN/A
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.
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 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

8

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 11.32, the valuation of BYD can be described as very reasonable.
  • Based on the Price/Earnings ratio, BYD is valued cheaper than 88.64% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of BYD to the average of the S&P500 Index (27.67), we can say BYD is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 10.73, the valuation of BYD can be described as reasonable.
  • Based on the Price/Forward Earnings ratio, BYD is valued cheaply inside the industry as 87.12% of the companies are valued more expensively.
  • BYD is valuated cheaply when we compare the Price/Forward Earnings ratio to 27.20, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.32
Fwd PE 10.73
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BYD indicates a rather cheap valuation: BYD is cheaper than 89.39% of the companies listed in the same industry.
  • 80.30% of the companies in the same industry are more expensive than BYD, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 15.91
EV/EBITDA 6.59
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 excellent profitability rating of BYD may justify a higher PE ratio.
PEG (NY)2.07
PEG (5Y)N/A
EPS Next 2Y6.72%
EPS Next 3YN/A

More info and screens

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

4

5. Dividend

5.1 Amount

  • BYD has a yearly dividend return of 0.86%, which is pretty low.
  • BYD's Dividend Yield is a higher than the industry average which is at 1.26.
  • With a Dividend Yield of 0.86, BYD pays less dividend than the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 0.86%

5.2 History

  • The dividend of BYD is nicely growing with an annual growth rate of 21.48%!
  • BYD has paid a dividend for at least 10 years, which is 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 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 0 200M 400M 600M 800M
BYD Dividend Payout.BYD Dividend Payout, showing the Payout Ratio.BYD Dividend Payout.PayoutRetained Earnings

More info and screens

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BOYD GAMING CORP

NYSE:BYD (2/6/2026, 2:49:50 PM)

83.99

+0.35 (+0.42%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)02-05
Earnings (Next)04-22
Inst Owners72.18%
Inst Owner Change-3.19%
Ins Owners22.33%
Ins Owner Change-7.84%
Market Cap6.56B
Revenue(TTM)N/A
Net Income(TTM)1.87B
Analysts73.33
Price Target95.68 (13.92%)
Short Float %5.49%
Short Ratio3.74
Dividend
Industry RankSector Rank
Dividend Yield 0.86%
Yearly Dividend0.68
Dividend Growth(5Y)21.48%
DP3.15%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
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)1.53%
PT rev (3m)0.51%
EPS NQ rev (1m)-0.17%
EPS NQ rev (3m)-1.99%
EPS NY rev (1m)-0.31%
EPS NY rev (3m)0.6%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)5.49%
Revenue NY rev (1m)0.49%
Revenue NY rev (3m)5.72%
Valuation
Industry RankSector Rank
PE 11.32
Fwd PE 10.73
P/S 1.61
P/FCF 15.91
P/OCF 6.81
P/B 2.46
P/tB 20.01
EV/EBITDA 6.59
EPS(TTM)7.42
EY8.83%
EPS(NY)7.83
Fwd EY9.32%
FCF(TTM)5.28
FCFY6.29%
OCF(TTM)12.33
OCFY14.68%
SpS52.11
BVpS34.13
TBVpS4.2
PEG (NY)2.07
PEG (5Y)N/A
Graham Number75.49
Profitability
Industry RankSector 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 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 2.61
F-Score6
WACC7.98%
ROIC/WACC1.69
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)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)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%2.03%
Revenue Next Year0.02%
Revenue Next 2Y1.35%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y0.58%
EBIT growth 3Y0.59%
EBIT growth 5Y14.71%
EBIT Next Year33.95%
EBIT Next 3Y10.52%
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.


Can you provide the valuation status for BOYD GAMING CORP?

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

The Price/Earnings (PE) ratio for BOYD GAMING CORP (BYD) is 11.32 and the Price/Book (PB) ratio is 2.46.


How financially healthy is BOYD GAMING CORP?

The financial health rating of BOYD GAMING CORP (BYD) is 4 / 10.