BOYD GAMING CORP (BYD) Stock Fundamental Analysis
NYSE:BYD - New York Stock Exchange, Inc. - US1033041013 - Common Stock - Currency: USD
Taking everything into account, BYD scores 5 out of 10 in our fundamental rating. BYD was compared to 131 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 has a bad growth rate and is valued cheaply.
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.
1.2 Ratios
With an excellent Return On Assets value of 8.55%, BYD belongs to the best of the industry, outperforming 80.92% of the companies in the same industry.
Looking at the Return On Equity, with a value of 40.99%, BYD belongs to the top of the industry, outperforming 90.08% of the companies in the same industry.
BYD's Return On Invested Capital of 12.82% is fine compared to the rest of the industry. BYD outperforms 78.63% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BYD is below the industry average of 15.73%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.55% | ||
| ROE | 40.99% | ||
| ROIC | 12.82% |
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 13.96%. This is amongst the best in the industry. BYD outperforms 86.26% of its industry peers.
BYD's Profit Margin has improved in the last couple of years.
The Operating Margin of BYD (23.74%) is better than 87.02% of its industry peers.
BYD's Operating Margin has improved in the last couple of years.
BYD has a better Gross Margin (51.96%) than 60.31% of its industry peers.
BYD's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.74% | ||
| PM (TTM) | 13.96% | ||
| GM | 51.96% |
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BYD is creating some value.
The number of shares outstanding for BYD has been reduced compared to 1 year ago.
BYD has less shares outstanding than it did 5 years ago.
BYD has a worse debt/assets ratio than last year.
2.2 Solvency
BYD has an Altman-Z score of 2.16. 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's Altman-Z score of 2.16 is in line compared to the rest of the industry. BYD outperforms 56.49% of its industry peers.
BYD has a debt to FCF ratio of 7.98. This is a slightly negative value and a sign of low solvency as BYD would need 7.98 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 7.98, BYD is doing good in the industry, outperforming 68.70% of the companies in the same industry.
A Debt/Equity ratio of 2.57 is on the high side and indicates that BYD has dependencies on debt financing.
BYD has a Debt to Equity ratio (2.57) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.57 | ||
| Debt/FCF | 7.98 | ||
| Altman-Z | 2.16 |
ROIC/WACC1.47
WACC8.74%
2.3 Liquidity
A Current Ratio of 0.80 indicates that BYD may have some problems paying its short term obligations.
BYD has a Current ratio of 0.80. This is comparable to the rest of the industry: BYD outperforms 41.98% of its industry peers.
A Quick Ratio of 0.76 indicates that BYD may have some problems paying its short term obligations.
BYD has a Quick ratio (0.76) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.76 |
3. Growth
3.1 Past
BYD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.08%, 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.
BYD shows a small growth in Revenue. In the last year, the Revenue has grown by 6.39%.
Measured over the past years, BYD shows a small growth in Revenue. The Revenue has been growing by 3.39% on average per year.
EPS 1Y (TTM)14.08%
EPS 3Y8.67%
EPS 5Y29.85%
EPS Q2Q%18.35%
Revenue 1Y (TTM)6.39%
Revenue growth 3Y5.26%
Revenue growth 5Y3.39%
Sales Q2Q%6.87%
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 4.16% on average per year.
Based on estimates for the next years, BYD will show a decrease in Revenue. The Revenue will decrease by -1.95% on average per year.
EPS Next Y0.45%
EPS Next 2Y3.47%
EPS Next 3Y4.16%
EPS Next 5YN/A
Revenue Next Year-2.16%
Revenue Next 2Y-2.78%
Revenue Next 3Y-1.95%
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
The Price/Earnings ratio is 11.86, which indicates a very decent valuation of BYD.
Compared to the rest of the industry, the Price/Earnings ratio of BYD indicates a rather cheap valuation: BYD is cheaper than 90.08% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.24. BYD is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 11.75, the valuation of BYD can be described as reasonable.
Based on the Price/Forward Earnings ratio, BYD is valued cheaper than 83.21% of the companies in the same industry.
BYD is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.42, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.86 | ||
| Fwd PE | 11.75 |
4.2 Price Multiples
BYD's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. BYD is cheaper than 80.15% of the companies in the same industry.
82.44% of the companies in the same industry are more expensive than BYD, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.27 | ||
| EV/EBITDA | 8.18 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of BYD may justify a higher PE ratio.
PEG (NY)26.29
PEG (5Y)0.4
EPS Next 2Y3.47%
EPS Next 3Y4.16%
5. Dividend
5.1 Amount
BYD has a yearly dividend return of 0.85%, which is pretty low.
BYD's Dividend Yield is a higher than the industry average which is at 3.80.
With a Dividend Yield of 0.85, BYD pays less dividend than the S&P500 average, which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.85% |
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
5.3 Sustainability
BYD pays out 11.09% 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.
DP11.09%
EPS Next 2Y3.47%
EPS Next 3Y4.16%
NYSE:BYD (8/5/2025, 10:35:05 AM)
82.67
-0.83 (-0.99%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners75.26%
Inst Owner Change0.13%
Ins Owners21.76%
Ins Owner Change6.81%
Market Cap6.73B
Analysts76.67
Price Target88.06 (6.52%)
Short Float %4.48%
Short Ratio2.2
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.85% |
Yearly Dividend0.68
Dividend Growth(5Y)21.48%
DP11.09%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.41%
Min EPS beat(2)5.72%
Max EPS beat(2)9.1%
EPS beat(4)4
Avg EPS beat(4)7.29%
Min EPS beat(4)5.12%
Max EPS beat(4)9.24%
EPS beat(8)5
Avg EPS beat(8)2.8%
EPS beat(12)9
Avg EPS beat(12)5.86%
EPS beat(16)13
Avg EPS beat(16)10.18%
Revenue beat(2)2
Avg Revenue beat(2)1.27%
Min Revenue beat(2)0.68%
Max Revenue beat(2)1.85%
Revenue beat(4)4
Avg Revenue beat(4)3.04%
Min Revenue beat(4)0.68%
Max Revenue beat(4)5.38%
Revenue beat(8)6
Avg Revenue beat(8)1.73%
Revenue beat(12)10
Avg Revenue beat(12)2.36%
Revenue beat(16)13
Avg Revenue beat(16)2.65%
PT rev (1m)7.36%
PT rev (3m)6.58%
EPS NQ rev (1m)1.63%
EPS NQ rev (3m)0.92%
EPS NY rev (1m)0.15%
EPS NY rev (3m)0.49%
Revenue NQ rev (1m)0.32%
Revenue NQ rev (3m)0.06%
Revenue NY rev (1m)-3.68%
Revenue NY rev (3m)-3.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.86 | ||
| Fwd PE | 11.75 | ||
| P/S | 1.7 | ||
| P/FCF | 15.27 | ||
| P/OCF | 6.99 | ||
| P/B | 4.99 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.18 |
EPS(TTM)6.97
EY8.43%
EPS(NY)7.03
Fwd EY8.51%
FCF(TTM)5.41
FCFY6.55%
OCF(TTM)11.82
OCFY14.3%
SpS48.66
BVpS16.57
TBVpS-12.24
PEG (NY)26.29
PEG (5Y)0.4
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.55% | ||
| ROE | 40.99% | ||
| ROCE | 16.11% | ||
| ROIC | 12.82% | ||
| ROICexc | 13.54% | ||
| ROICexgc | 23.53% | ||
| OM | 23.74% | ||
| PM (TTM) | 13.96% | ||
| GM | 51.96% | ||
| FCFM | 11.13% |
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%
ROICexcg growth 3Y-0.73%
ROICexcg 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-Score5
Asset Turnover0.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.57 | ||
| Debt/FCF | 7.98 | ||
| Debt/EBITDA | 2.84 | ||
| Cap/Depr | 185.11% | ||
| Cap/Sales | 13.17% | ||
| Interest Coverage | 5.29 | ||
| Cash Conversion | 78.74% | ||
| Profit Quality | 79.69% | ||
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.76 | ||
| Altman-Z | 2.16 |
F-Score5
WACC8.74%
ROIC/WACC1.47
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)14.08%
EPS 3Y8.67%
EPS 5Y29.85%
EPS Q2Q%18.35%
EPS Next Y0.45%
EPS Next 2Y3.47%
EPS Next 3Y4.16%
EPS Next 5YN/A
Revenue 1Y (TTM)6.39%
Revenue growth 3Y5.26%
Revenue growth 5Y3.39%
Sales Q2Q%6.87%
Revenue Next Year-2.16%
Revenue Next 2Y-2.78%
Revenue Next 3Y-1.95%
Revenue Next 5YN/A
EBIT growth 1Y-1.03%
EBIT growth 3Y0.59%
EBIT growth 5Y14.71%
EBIT Next Year32.48%
EBIT Next 3Y10.61%
EBIT Next 5YN/A
FCF growth 1Y-37.57%
FCF growth 3Y-11.78%
FCF growth 5Y10.27%
OCF growth 1Y-6.06%
OCF growth 3Y-1.79%
OCF growth 5Y11.76%