BOYD GAMING CORP (BYD) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BYD - US1033041013 - Common Stock
80.88 USD
-0.49 (-0.6%)
80.88 USD
0 (0%)
BYD gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 132 industry peers in the Hotels, Restaurants & Leisure industry. BYD scores excellent on profitability, 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
In the past year BYD was profitable.
BYD had a positive operating cash flow in the past year.
Of the past 5 years BYD 4 years were profitable.
BYD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BYD has a better Return On Assets (28.76%) than 97.73% of its industry peers.
BYD has a better Return On Equity (70.26%) than 93.18% of its industry peers.
BYD has a Return On Invested Capital of 13.49%. This is amongst the best in the industry. BYD outperforms 80.30% of its industry peers.
BYD had an Average Return On Invested Capital over the past 3 years of 13.71%. This is above the industry average of 10.42%.
| Industry Rank | Sector 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%
1.3 Margins
Looking at the Profit Margin, with a value of 46.02%, BYD belongs to the top 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.
BYD has a better Operating Margin (23.11%) than 87.12% of its industry peers.
BYD's Operating Margin has improved in the last couple of years.
BYD has a Gross Margin (50.78%) which is comparable to the rest of the industry.
BYD's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
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 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
BYD has an Altman-Z score of 2.57. 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.
With a decent Altman-Z score value of 2.57, BYD is doing good in the industry, outperforming 70.45% of the companies in the same industry.
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.
BYD's Debt to FCF ratio of 4.59 is fine compared to the rest of the industry. BYD outperforms 76.52% of its industry peers.
BYD has a Debt/Equity ratio of 0.71. This is a neutral value indicating BYD is somewhat dependend on debt financing.
The Debt to Equity ratio of BYD (0.71) is better than 65.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 4.59 | ||
| Altman-Z | 2.57 |
ROIC/WACC1.68
WACC8.01%
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.
The Current ratio of BYD (0.51) is worse than 75.00% of its industry peers.
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.
BYD has a Quick ratio of 0.49. This is in the lower half of the industry: BYD underperforms 74.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.51 | ||
| Quick Ratio | 0.49 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 14.35% over the past year.
The Earnings Per Share has been growing by 29.85% on average over the past years. This is a very strong growth
The Revenue has been growing slightly by 5.91% in the past year.
The Revenue has been growing slightly by 3.39% on average over the past years.
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 small growth in Earnings Per Share. The EPS will grow by 7.58% on average per year.
BYD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.92% yearly.
EPS Next Y9.01%
EPS Next 2Y7.87%
EPS Next 3Y7.58%
EPS Next 5YN/A
Revenue Next Year2.52%
Revenue Next 2Y0.06%
Revenue Next 3Y0.92%
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 11.28, the valuation of BYD can be described as very reasonable.
Based on the Price/Earnings ratio, BYD is valued cheaper than 85.61% of the companies in the same industry.
BYD's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.46.
A Price/Forward Earnings ratio of 10.58 indicates a reasonable valuation of BYD.
Based on the Price/Forward Earnings ratio, BYD is valued cheaply inside the industry as 85.61% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of BYD to the average of the S&P500 Index (36.10), we can say BYD is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.28 | ||
| Fwd PE | 10.58 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BYD is valued cheaper than 87.88% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, BYD is valued cheaply inside the industry as 81.06% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.32 | ||
| EV/EBITDA | 6.41 |
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)1.25
PEG (5Y)0.38
EPS Next 2Y7.87%
EPS Next 3Y7.58%
5. Dividend
5.1 Amount
With a yearly dividend of 0.88%, BYD is not a good candidate for dividend investing.
BYD's Dividend Yield is a higher than the industry average which is at 6.01.
With a Dividend Yield of 0.88, BYD pays less dividend than the S&P500 average, which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.88% |
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
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 2Y7.87%
EPS Next 3Y7.58%
80.88
-0.49 (-0.6%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners71.84%
Inst Owner Change-5.52%
Ins Owners22.33%
Ins Owner Change-9.47%
Market Cap6.32B
Revenue(TTM)4.07B
Net Income(TTM)1.87B
Analysts73.33
Price Target93.02 (15.01%)
Short Float %5.42%
Short Ratio3.18
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.88% |
Yearly Dividend0.68
Dividend Growth(5Y)21.48%
DP3.15%
Div Incr Years2
Div Non Decr Years2
Ex-Date
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)-1.36%
PT rev (3m)1.15%
EPS NQ rev (1m)-0.52%
EPS NQ rev (3m)-1.24%
EPS NY rev (1m)0.13%
EPS NY rev (3m)2.95%
Revenue NQ rev (1m)0.69%
Revenue NQ rev (3m)8.4%
Revenue NY rev (1m)0.22%
Revenue NY rev (3m)4.75%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.28 | ||
| Fwd PE | 10.58 | ||
| P/S | 1.55 | ||
| P/FCF | 15.32 | ||
| P/OCF | 6.56 | ||
| P/B | 2.37 | ||
| P/tB | 19.27 | ||
| EV/EBITDA | 6.41 |
EPS(TTM)7.17
EY8.86%
EPS(NY)7.65
Fwd EY9.45%
FCF(TTM)5.28
FCFY6.53%
OCF(TTM)12.33
OCFY15.25%
SpS52.11
BVpS34.13
TBVpS4.2
PEG (NY)1.25
PEG (5Y)0.38
Graham Number74.2
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 2.57 |
F-Score6
WACC8.01%
ROIC/WACC1.68
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 Y9.01%
EPS Next 2Y7.87%
EPS Next 3Y7.58%
EPS Next 5YN/A
Revenue 1Y (TTM)5.91%
Revenue growth 3Y5.26%
Revenue growth 5Y3.39%
Sales Q2Q%4.49%
Revenue Next Year2.52%
Revenue Next 2Y0.06%
Revenue Next 3Y0.92%
Revenue Next 5YN/A
EBIT growth 1Y0.58%
EBIT growth 3Y0.59%
EBIT growth 5Y14.71%
EBIT Next Year33.95%
EBIT Next 3Y10.44%
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.
What is the valuation status for BYD stock?
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 expected EPS growth for BOYD GAMING CORP (BYD) stock?
The Earnings per Share (EPS) of BOYD GAMING CORP (BYD) is expected to grow by 9.01% in the next year.
Can you provide the dividend sustainability for BYD stock?
The dividend rating of BOYD GAMING CORP (BYD) is 4 / 10 and the dividend payout ratio is 3.15%.