BOYD GAMING CORP (BYD)

US1033041013 - Common Stock

69.29  -1.1 (-1.56%)

After market: 69.29 0 (0%)

Fundamental Rating

6

Taking everything into account, BYD scores 6 out of 10 in our fundamental rating. BYD was compared to 134 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 has a bad growth rate and is valued cheaply.



8

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

Looking at the Return On Assets, with a value of 8.05%, BYD belongs to the top of the industry, outperforming 81.95% of the companies in the same industry.
Looking at the Return On Equity, with a value of 29.45%, BYD belongs to the top of the industry, outperforming 81.95% of the companies in the same industry.
BYD has a Return On Invested Capital of 13.12%. This is amongst the best in the industry. BYD outperforms 80.45% of its industry peers.
BYD had an Average Return On Invested Capital over the past 3 years of 13.74%. This is above the industry average of 10.29%.
Industry RankSector Rank
ROA 8.05%
ROE 29.45%
ROIC 13.12%
ROA(3y)9.16%
ROA(5y)5.56%
ROE(3y)35.3%
ROE(5y)21.27%
ROIC(3y)13.74%
ROIC(5y)9.98%

1.3 Margins

Looking at the Profit Margin, with a value of 13.32%, BYD belongs to the top of the industry, outperforming 81.20% of the companies in the same industry.
In the last couple of years the Profit Margin of BYD has grown nicely.
BYD's Operating Margin of 24.65% is amongst the best of the industry. BYD outperforms 89.47% of its industry peers.
In the last couple of years the Operating Margin of BYD has grown nicely.
BYD has a Gross Margin of 52.56%. This is in the better half of the industry: BYD outperforms 60.15% of its industry peers.
BYD's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 24.65%
PM (TTM) 13.32%
GM 52.56%
OM growth 3Y45.96%
OM growth 5Y14.77%
PM growth 3YN/A
PM growth 5Y30.52%
GM growth 3Y1.01%
GM growth 5Y2.47%

4

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.
The number of shares outstanding for BYD has been reduced compared to 5 years ago.
BYD has a better debt/assets ratio than last year.

2.2 Solvency

BYD has an Altman-Z score of 2.31. 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 has a Altman-Z score of 2.31. This is in the better half of the industry: BYD outperforms 66.92% of its industry peers.
The Debt to FCF ratio of BYD is 5.82, which is a neutral value as it means it would take BYD, 5.82 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 5.82, BYD is in the better half of the industry, outperforming 74.44% of the companies in the same industry.
A Debt/Equity ratio of 1.70 is on the high side and indicates that BYD has dependencies on debt financing.
BYD has a Debt to Equity ratio of 1.70. This is comparable to the rest of the industry: BYD outperforms 55.64% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.7
Debt/FCF 5.82
Altman-Z 2.31
ROIC/WACC1.72
WACC7.65%

2.3 Liquidity

BYD has a Current Ratio of 0.83. 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 Current ratio (0.83) which is comparable to the rest of the industry.
A Quick Ratio of 0.79 indicates that BYD may have some problems paying its short term obligations.
BYD has a Quick ratio of 0.79. This is comparable to the rest of the industry: BYD outperforms 45.11% of its industry peers.
Industry RankSector Rank
Current Ratio 0.83
Quick Ratio 0.79

3

3. Growth

3.1 Past

The earnings per share for BYD have decreased by -1.57% in the last year.
BYD shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 36.74% yearly.
Looking at the last year, BYD shows a small growth in Revenue. The Revenue has grown by 3.68% in the last year.
The Revenue has been growing slightly by 7.31% on average over the past years.
EPS 1Y (TTM)-1.57%
EPS 3YN/A
EPS 5Y36.74%
EPS Q2Q%11.76%
Revenue 1Y (TTM)3.68%
Revenue growth 3Y19.72%
Revenue growth 5Y7.31%
Sales Q2Q%6.43%

3.2 Future

The Earnings Per Share is expected to grow by 4.97% on average over the next years.
Based on estimates for the next years, BYD will show a small growth in Revenue. The Revenue will grow by 2.37% on average per year.
EPS Next Y0.83%
EPS Next 2Y2.04%
EPS Next 3Y4.97%
EPS Next 5YN/A
Revenue Next Year4.45%
Revenue Next 2Y2.57%
Revenue Next 3Y2.37%
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.

8

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 11.05, which indicates a very decent valuation of BYD.
Based on the Price/Earnings ratio, BYD is valued cheaply inside the industry as 93.23% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 30.16. BYD is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 10.55, the valuation of BYD can be described as very reasonable.
Based on the Price/Forward Earnings ratio, BYD is valued cheaper than 89.47% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.06. BYD is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 11.05
Fwd PE 10.55

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 80.45% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, BYD is valued cheaply inside the industry as 87.97% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 12.5
EV/EBITDA 7.65

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)13.32
PEG (5Y)0.3
EPS Next 2Y2.04%
EPS Next 3Y4.97%

4

5. Dividend

5.1 Amount

With a yearly dividend of 0.97%, BYD is not a good candidate for dividend investing.
BYD's Dividend Yield is a higher than the industry average which is at 2.88.
Compared to an average S&P500 Dividend Yield of 2.22, BYD's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.97%

5.2 History

On average, the dividend of BYD grows each year by 23.69%, which is quite nice.
BYD has paid a dividend for at least 10 years, which is a reliable track record.
BYD has decreased its dividend recently.
Dividend Growth(5Y)23.69%
Div Incr Years1
Div Non Decr Years1

5.3 Sustainability

BYD pays out 12.61% 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.
DP12.61%
EPS Next 2Y2.04%
EPS Next 3Y4.97%

BOYD GAMING CORP

NYSE:BYD (10/31/2024, 7:00:00 PM)

After market: 69.29 0 (0%)

69.29

-1.1 (-1.56%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap6.36B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 0.97%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 11.05
Fwd PE 10.55
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)13.32
PEG (5Y)0.3
Profitability
Industry RankSector Rank
ROA 8.05%
ROE 29.45%
ROCE
ROIC
ROICexc
ROICexgc
OM 24.65%
PM (TTM) 13.32%
GM 52.56%
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.6
Health
Industry RankSector Rank
Debt/Equity 1.7
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 0.83
Quick Ratio 0.79
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-1.57%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y0.83%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)3.68%
Revenue growth 3Y19.72%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y