BOYD GAMING CORP (BYD) Fundamental Analysis & Valuation

NYSE:BYD • US1033041013

Current stock price

83.825 USD
-1.05 (-1.23%)
Last:

This BYD fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. BYD Profitability Analysis

1.1 Basic Checks

  • BYD had positive earnings in the past year.
  • In the past year BYD had a positive cash flow from operations.
  • In the past 5 years BYD has always been profitable.
  • 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 2025 0 500M 1B 1.5B

1.2 Ratios

  • BYD's Return On Assets of 28.04% is amongst the best of the industry. BYD outperforms 98.41% of its industry peers.
  • BYD has a better Return On Equity (70.66%) than 93.65% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 12.21%, BYD is in the better half of the industry, outperforming 76.19% 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 10.61%.
Industry RankSector Rank
ROA 28.04%
ROE 70.66%
ROIC 12.21%
ROA(3y)15.65%
ROA(5y)12.91%
ROE(3y)47.59%
ROE(5y)42.62%
ROIC(3y)12.91%
ROIC(5y)13.03%
BYD Yearly ROA, ROE, ROICBYD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60

1.3 Margins

  • The Profit Margin of BYD (45.05%) is better than 99.21% of its industry peers.
  • BYD's Profit Margin has improved in the last couple of years.
  • With an excellent Operating Margin value of 21.43%, BYD belongs to the best of the industry, outperforming 82.54% of the companies in the same industry.
  • BYD's Operating Margin has improved in the last couple of years.
  • BYD has a Gross Margin of 49.54%. This is comparable to the rest of the industry: BYD outperforms 55.56% of its industry peers.
  • BYD's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 21.43%
PM (TTM) 45.05%
GM 49.54%
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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4

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.
  • Compared to 1 year ago, BYD has less shares outstanding
  • The number of shares outstanding for BYD has been reduced compared to 5 years ago.
  • Compared to 1 year ago, BYD has an improved debt to assets ratio.
BYD Yearly Shares OutstandingBYD Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 2B 4B 6B

2.2 Solvency

  • BYD has an Altman-Z score of 2.51. 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.
  • Looking at the Altman-Z score, with a value of 2.51, BYD is in the better half of the industry, outperforming 67.46% of the companies in the same industry.
  • The Debt to FCF ratio of BYD is 6.74, which is on the high side as it means it would take BYD, 6.74 years of fcf income to pay off all of its debts.
  • BYD has a Debt to FCF ratio of 6.74. This is in the better half of the industry: BYD outperforms 69.05% of its industry peers.
  • A Debt/Equity ratio of 0.78 indicates that BYD is somewhat dependend on debt financing.
  • The Debt to Equity ratio of BYD (0.78) is better than 60.32% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.78
Debt/FCF 6.74
Altman-Z 2.51
ROIC/WACC1.59
WACC7.68%
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 2025 1B 2B 3B

2.3 Liquidity

  • BYD has a Current Ratio of 0.54. This is a bad value and indicates that BYD is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 0.54, BYD is doing worse than 79.37% of the companies in the same industry.
  • A Quick Ratio of 0.52 indicates that BYD may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.52, BYD is doing worse than 76.98% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.54
Quick Ratio 0.52
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 2025 200M 400M 600M 800M

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5

3. BYD Growth Analysis

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.
  • BYD shows a small growth in Revenue. In the last year, the Revenue has grown by 4.12%.
  • The Revenue has been growing by 13.44% on average over the past years. This is quite good.
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 quite strong growth in Earnings Per Share. The EPS will grow by 8.06% 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 Y2.37%
EPS Next 2Y5.4%
EPS Next 3Y8.06%
EPS Next 5YN/A
Revenue Next Year2.7%
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 2028 0 2 4 6 8

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7

4. BYD Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 11.30, the valuation of BYD can be described as very reasonable.
  • Based on the Price/Earnings ratio, BYD is valued cheaply inside the industry as 84.92% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of BYD to the average of the S&P500 Index (25.61), we can say BYD is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 11.04, 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 84.92% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.79. BYD is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 11.3
Fwd PE 11.04
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

  • Based on the Enterprise Value to EBITDA ratio, BYD is valued cheaper than 84.13% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of BYD indicates a somewhat cheap valuation: BYD is cheaper than 65.87% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 20.85
EV/EBITDA 6.87
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 an expensive valuation of the company.
  • The excellent profitability rating of BYD may justify a higher PE ratio.
PEG (NY)4.77
PEG (5Y)N/A
EPS Next 2Y5.4%
EPS Next 3Y8.06%

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4

5. BYD Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.96%, BYD is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 1.09, BYD pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.89, BYD's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.96%

5.2 History

  • The dividend of BYD is nicely growing with an annual growth rate of 59.24%!
  • BYD has paid a dividend for at least 10 years, which is a reliable track record.
  • BYD has decreased its dividend in the last 3 years.
Dividend Growth(5Y)59.24%
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

  • 3.16% 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.
DP3.16%
EPS Next 2Y5.4%
EPS Next 3Y8.06%
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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BYD Fundamentals: All Metrics, Ratios and Statistics

BOYD GAMING CORP

NYSE:BYD (3/26/2026, 11:32:37 AM)

83.825

-1.05 (-1.23%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)02-05
Earnings (Next)04-22
Inst Owners72.92%
Inst Owner Change-2.25%
Ins Owners23.23%
Ins Owner Change5.42%
Market Cap6.33B
Revenue(TTM)4.09B
Net Income(TTM)1.84B
Analysts73.33
Price Target95.74 (14.21%)
Short Float %6.68%
Short Ratio3.68
Dividend
Industry RankSector Rank
Dividend Yield 0.96%
Yearly Dividend0.72
Dividend Growth(5Y)59.24%
DP3.16%
Div Incr Years2
Div Non Decr Years2
Ex-Date03-16
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.62%
Min EPS beat(2)4.34%
Max EPS beat(2)14.89%
EPS beat(4)4
Avg EPS beat(4)9.26%
Min EPS beat(4)4.34%
Max EPS beat(4)14.89%
EPS beat(8)7
Avg EPS beat(8)6.95%
EPS beat(12)9
Avg EPS beat(12)5.6%
EPS beat(16)13
Avg EPS beat(16)7.17%
Revenue beat(2)2
Avg Revenue beat(2)9.18%
Min Revenue beat(2)4.43%
Max Revenue beat(2)13.94%
Revenue beat(4)4
Avg Revenue beat(4)5.97%
Min Revenue beat(4)0.68%
Max Revenue beat(4)13.94%
Revenue beat(8)7
Avg Revenue beat(8)4.31%
Revenue beat(12)10
Avg Revenue beat(12)3.69%
Revenue beat(16)14
Avg Revenue beat(16)3.3%
PT rev (1m)0.07%
PT rev (3m)2.92%
EPS NQ rev (1m)1.29%
EPS NQ rev (3m)0.31%
EPS NY rev (1m)-2.94%
EPS NY rev (3m)-0.65%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.08%
Revenue NY rev (1m)-0.05%
Revenue NY rev (3m)6.12%
Valuation
Industry RankSector Rank
PE 11.3
Fwd PE 11.04
P/S 1.55
P/FCF 20.85
P/OCF 6.48
P/B 2.43
P/tB 36.05
EV/EBITDA 6.87
EPS(TTM)7.42
EY8.85%
EPS(NY)7.6
Fwd EY9.06%
FCF(TTM)4.02
FCFY4.8%
OCF(TTM)12.94
OCFY15.43%
SpS54.21
BVpS34.55
TBVpS2.33
PEG (NY)4.77
PEG (5Y)N/A
Graham Number75.95
Profitability
Industry RankSector Rank
ROA 28.04%
ROE 70.66%
ROCE 15.67%
ROIC 12.21%
ROICexc 13.03%
ROICexgc 24.31%
OM 21.43%
PM (TTM) 45.05%
GM 49.54%
FCFM 7.42%
ROA(3y)15.65%
ROA(5y)12.91%
ROE(3y)47.59%
ROE(5y)42.62%
ROIC(3y)12.91%
ROIC(5y)13.03%
ROICexc(3y)13.69%
ROICexc(5y)13.8%
ROICexgc(3y)24.6%
ROICexgc(5y)24.85%
ROCE(3y)16.57%
ROCE(5y)16.72%
ROICexgc growth 3Y-2.68%
ROICexgc growth 5Y39.15%
ROICexc growth 3Y-3.39%
ROICexc growth 5Y37.28%
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 Turnover0.62
Health
Industry RankSector Rank
Debt/Equity 0.78
Debt/FCF 6.74
Debt/EBITDA 1.73
Cap/Depr 222.4%
Cap/Sales 16.45%
Interest Coverage 5.81
Cash Conversion 82.8%
Profit Quality 16.46%
Current Ratio 0.54
Quick Ratio 0.52
Altman-Z 2.51
F-Score6
WACC7.68%
ROIC/WACC1.59
Cap/Depr(3y)170.92%
Cap/Depr(5y)138.3%
Cap/Sales(3y)12.21%
Cap/Sales(5y)10.03%
Profit Quality(3y)66.66%
Profit Quality(5y)97.07%
High Growth Momentum
Growth
EPS 1Y (TTM)12.94%
EPS 3Y6.86%
EPS 5YN/A
EPS Q2Q%12.76%
EPS Next Y2.37%
EPS Next 2Y5.4%
EPS Next 3Y8.06%
EPS Next 5YN/A
Revenue 1Y (TTM)4.12%
Revenue growth 3Y4.8%
Revenue growth 5Y13.44%
Sales Q2Q%2.03%
Revenue Next Year2.7%
Revenue Next 2Y2.68%
Revenue Next 3Y3.26%
Revenue Next 5YN/A
EBIT growth 1Y-6.55%
EBIT growth 3Y-4.59%
EBIT growth 5Y35.89%
EBIT Next Year46.69%
EBIT Next 3Y15.7%
EBIT Next 5YN/A
FCF growth 1Y-45.49%
FCF growth 3Y-24.56%
FCF growth 5Y21.63%
OCF growth 1Y2.05%
OCF growth 3Y0.02%
OCF growth 5Y27.58%

BOYD GAMING CORP / BYD Fundamental Analysis 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 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 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 11.3 and the Price/Book (PB) ratio is 2.43.


How financially healthy is BOYD GAMING CORP?

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