BOYD GAMING CORP (BYD) Stock Fundamental Analysis

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

83.77 USD
+0.77 (+0.93%)
Last: Feb 4, 2026, 03:04 PM
Fundamental Rating

6

Taking everything into account, BYD scores 6 out of 10 in our fundamental rating. BYD was compared to 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 scores decently on growth, while it is valued quite cheap. This could make an interesting combination.


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.
  • 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.
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

  • BYD's Return On Assets of 28.76% is amongst the best of the industry. BYD outperforms 97.73% of its industry peers.
  • BYD's Return On Equity of 70.26% is amongst the best of the industry. BYD outperforms 93.18% of its industry peers.
  • With an excellent Return On Invested Capital value of 13.49%, BYD belongs to the best of the industry, outperforming 80.30% of the companies in the same industry.
  • 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.
  • BYD's Profit Margin has improved in the last couple of years.
  • The Operating Margin of BYD (23.11%) is better than 87.12% of its industry peers.
  • In the last couple of years the Operating Margin of BYD has grown nicely.
  • BYD has a Gross Margin (50.78%) which is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of BYD has grown nicely.
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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4

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BYD is still creating some value.
  • The number of shares outstanding for BYD has been reduced compared to 1 year ago.
  • Compared to 5 years ago, BYD has less shares outstanding
  • Compared to 1 year ago, BYD has a worse debt to assets ratio.
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 2.60 indicates that BYD is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • BYD has a Altman-Z score of 2.60. This is in the better half of the industry: BYD outperforms 69.70% 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.
  • The Debt to FCF ratio of BYD (4.59) is better than 76.52% of its industry peers.
  • A Debt/Equity ratio of 0.71 indicates that BYD is somewhat dependend on debt financing.
  • The Debt to Equity ratio of BYD (0.71) is better than 63.64% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.71
Debt/FCF 4.59
Altman-Z 2.6
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

  • A Current Ratio of 0.51 indicates that BYD may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.51, BYD is doing worse than 75.00% of the companies in the same industry.
  • 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.
  • With a Quick ratio value of 0.49, BYD is not doing good in the industry: 72.73% of the companies in the same industry are doing better.
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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4

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.
  • 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.
  • BYD shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.39% yearly.
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 quite strong growth in Earnings Per Share. The EPS will grow by 8.27% on average per year.
  • The Revenue is expected to grow by 2.24% on average over the next years.
EPS Next Y8.67%
EPS Next 2Y8.48%
EPS Next 3Y8.27%
EPS Next 5YN/A
Revenue Next Year3.46%
Revenue Next 2Y1.86%
Revenue Next 3Y2.24%
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.
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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8

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 11.68, the valuation of BYD can be described as reasonable.
  • Compared to the rest of the industry, the Price/Earnings ratio of BYD indicates a rather cheap valuation: BYD is cheaper than 85.61% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of BYD to the average of the S&P500 Index (28.18), we can say BYD is valued rather cheaply.
  • The Price/Forward Earnings ratio is 10.83, which indicates a very decent valuation of BYD.
  • Based on the Price/Forward Earnings ratio, BYD is valued cheaply inside the industry as 86.36% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 25.51, BYD is valued rather cheaply.
Industry RankSector Rank
PE 11.68
Fwd PE 10.83
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.
  • Based on the Price/Free Cash Flow ratio, BYD is valued cheaper than 81.06% of the companies in the same industry.
Industry RankSector Rank
P/FCF 15.87
EV/EBITDA 6.55
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 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)1.35
PEG (5Y)0.39
EPS Next 2Y8.48%
EPS Next 3Y8.27%

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4

5. Dividend

5.1 Amount

  • With a yearly dividend of 0.86%, BYD is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 1.25, BYD pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.83, BYD's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.86%

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
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.
  • BYD's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP3.15%
EPS Next 2Y8.48%
EPS Next 3Y8.27%
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

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BOYD GAMING CORP

NYSE:BYD (2/4/2026, 3:04:29 PM)

83.77

+0.77 (+0.93%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)10-23
Earnings (Next)02-05
Inst Owners72.18%
Inst Owner Change-3.19%
Ins Owners22.33%
Ins Owner Change-7.84%
Market Cap6.54B
Revenue(TTM)4.07B
Net Income(TTM)1.87B
Analysts73.33
Price Target94.79 (13.16%)
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 11.68
Fwd PE 10.83
P/S 1.61
P/FCF 15.87
P/OCF 6.79
P/B 2.45
P/tB 19.96
EV/EBITDA 6.55
EPS(TTM)7.17
EY8.56%
EPS(NY)7.73
Fwd EY9.23%
FCF(TTM)5.28
FCFY6.3%
OCF(TTM)12.33
OCFY14.72%
SpS52.11
BVpS34.13
TBVpS4.2
PEG (NY)1.35
PEG (5Y)0.39
Graham Number74.2
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 2.6
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)14.35%
EPS 3Y8.67%
EPS 5Y29.85%
EPS Q2Q%13.16%
EPS Next Y8.67%
EPS Next 2Y8.48%
EPS Next 3Y8.27%
EPS Next 5YN/A
Revenue 1Y (TTM)5.91%
Revenue growth 3Y5.26%
Revenue growth 5Y3.39%
Sales Q2Q%4.49%
Revenue Next Year3.46%
Revenue Next 2Y1.86%
Revenue Next 3Y2.24%
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 11.68 and the Price/Book (PB) ratio is 2.45.


How financially healthy is BOYD GAMING CORP?

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