BOYD GAMING CORP (BYD) Stock Fundamental Analysis
NYSE:BYD - New York Stock Exchange, Inc. - US1033041013 - Common Stock - Currency: USD
BYD gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 133 industry peers in the Hotels, Restaurants & Leisure industry. BYD has an excellent profitability rating, but there are some minor concerns on its financial health. BYD may be a bit undervalued, certainly considering the very reasonable score on growth
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.
Each year in the past 5 years BYD had a positive operating cash flow.
1.2 Ratios
BYD has a better Return On Assets (8.55%) than 81.20% of its industry peers.
Looking at the Return On Equity, with a value of 40.99%, BYD belongs to the top of the industry, outperforming 90.23% of the companies in the same industry.
The Return On Invested Capital of BYD (12.82%) is better than 78.95% of its industry peers.
BYD had an Average Return On Invested Capital over the past 3 years of 13.71%. This is in line with the industry average of 13.97%.
| 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 87.22% of its industry peers.
BYD's Profit Margin has improved in the last couple of years.
BYD has a better Operating Margin (23.74%) than 87.22% of its industry peers.
BYD's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 51.96%, BYD perfoms like the industry average, outperforming 59.40% of the companies in the same industry.
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
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 less shares outstanding than it did 1 year ago.
Compared to 5 years ago, BYD has less shares outstanding
The debt/assets ratio for BYD is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.07 indicates that BYD is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 2.07, BYD is doing good in the industry, outperforming 60.15% of the companies in the same industry.
The Debt to FCF ratio of BYD is 7.98, which is on the high side as it means it would take BYD, 7.98 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of BYD (7.98) is better than 69.17% of its industry peers.
A Debt/Equity ratio of 2.57 is on the high side and indicates that BYD has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 2.57, BYD is in line with its industry, outperforming 47.37% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.57 | ||
| Debt/FCF | 7.98 | ||
| Altman-Z | 2.07 |
ROIC/WACC1.44
WACC8.93%
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 42.11% of its industry peers.
A Quick Ratio of 0.76 indicates that BYD may have some problems paying its short term obligations.
BYD's Quick ratio of 0.76 is in line compared to the rest of the industry. BYD outperforms 45.86% of 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 9.33%, which is quite good.
Measured over the past years, BYD shows a very strong growth in Earnings Per Share. The EPS has been growing by 29.85% on average per year.
Looking at the last year, BYD shows a small growth in Revenue. The Revenue has grown by 6.05% in the last year.
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)9.33%
EPS 3Y8.67%
EPS 5Y29.85%
EPS Q2Q%7.28%
Revenue 1Y (TTM)6.05%
Revenue growth 3Y5.26%
Revenue growth 5Y3.39%
Sales Q2Q%3.23%
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 5.16% on average per year.
BYD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.04% yearly.
EPS Next Y0.9%
EPS Next 2Y3.95%
EPS Next 3Y5.16%
EPS Next 5YN/A
Revenue Next Year1.6%
Revenue Next 2Y1.89%
Revenue Next 3Y2.04%
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.
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 11.22, the valuation of BYD can be described as very reasonable.
92.48% of the companies in the same industry are more expensive than BYD, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.53. BYD is valued rather cheaply when compared to this.
BYD is valuated reasonably with a Price/Forward Earnings ratio of 10.56.
85.71% of the companies in the same industry are more expensive than BYD, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.27. BYD is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.22 | ||
| Fwd PE | 10.56 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BYD is valued cheaper than 83.46% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, BYD is valued cheaper than 86.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.84 | ||
| EV/EBITDA | 7.55 |
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.
BYD has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)12.44
PEG (5Y)0.38
EPS Next 2Y3.95%
EPS Next 3Y5.16%
5. Dividend
5.1 Amount
With a yearly dividend of 0.98%, BYD is not a good candidate for dividend investing.
BYD's Dividend Yield is a higher than the industry average which is at 3.82.
With a Dividend Yield of 0.98, BYD pays less dividend than the S&P500 average, which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.98% |
5.2 History
On average, the dividend of BYD grows each year by 21.48%, which is quite nice.
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
11.09% 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.
DP11.09%
EPS Next 2Y3.95%
EPS Next 3Y5.16%
NYSE:BYD (6/10/2025, 11:15:10 AM)
74.95
+1.02 (+1.38%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners70.76%
Inst Owner Change-0.26%
Ins Owners20.26%
Ins Owner Change5.27%
Market Cap6.10B
Analysts76.67
Price Target81.6 (8.87%)
Short Float %6.25%
Short Ratio3.63
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.98% |
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)-1.23%
PT rev (3m)-5.8%
EPS NQ rev (1m)-0.68%
EPS NQ rev (3m)-0.15%
EPS NY rev (1m)0.94%
EPS NY rev (3m)1.46%
Revenue NQ rev (1m)-0.06%
Revenue NQ rev (3m)-0.87%
Revenue NY rev (1m)-0.05%
Revenue NY rev (3m)-0.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.22 | ||
| Fwd PE | 10.56 | ||
| P/S | 1.54 | ||
| P/FCF | 13.84 | ||
| P/OCF | 6.34 | ||
| P/B | 4.52 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.55 |
EPS(TTM)6.68
EY8.91%
EPS(NY)7.1
Fwd EY9.47%
FCF(TTM)5.41
FCFY7.22%
OCF(TTM)11.82
OCFY15.78%
SpS48.66
BVpS16.57
TBVpS-12.24
PEG (NY)12.44
PEG (5Y)0.38
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 | 2.07 |
F-Score5
WACC8.93%
ROIC/WACC1.44
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)9.33%
EPS 3Y8.67%
EPS 5Y29.85%
EPS Q2Q%7.28%
EPS Next Y0.9%
EPS Next 2Y3.95%
EPS Next 3Y5.16%
EPS Next 5YN/A
Revenue 1Y (TTM)6.05%
Revenue growth 3Y5.26%
Revenue growth 5Y3.39%
Sales Q2Q%3.23%
Revenue Next Year1.6%
Revenue Next 2Y1.89%
Revenue Next 3Y2.04%
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%