BOYD GAMING CORP (BYD) Stock Fundamental Analysis
USA - NYSE:BYD - US1033041013 - Common Stock
79.78 USD
-1.03 (-1.27%)
79.78 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 is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year BYD was profitable.
BYD had a positive operating cash flow in the past year.
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
The Return On Assets of BYD (28.76%) is better than 98.48% of its industry peers.
BYD has a Return On Equity of 70.26%. This is amongst the best in the industry. BYD outperforms 93.18% of its industry peers.
Looking at the Return On Invested Capital, with a value of 13.49%, BYD belongs to the top of the industry, outperforming 80.30% of the companies in the same industry.
BYD had an Average Return On Invested Capital over the past 3 years of 13.71%. This is above the industry average of 10.59%.
| 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 100.00% of the companies in the same industry.
BYD's Profit Margin has improved in the last couple of years.
The Operating Margin of BYD (23.11%) is better 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 in line with its industry peers.
In the last couple of years the Gross Margin of BYD has grown nicely.
| 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BYD is still creating some value.
BYD has less shares outstanding than it did 1 year ago.
The number of shares outstanding for BYD has been reduced compared to 5 years ago.
The debt/assets ratio for BYD is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.59 indicates that BYD is not a great score, but indicates only limited risk for bankruptcy at the moment.
BYD has a Altman-Z score of 2.59. This is in the better half of the industry: BYD outperforms 71.21% of its industry peers.
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.
With a decent Debt to FCF ratio value of 4.59, BYD is doing good in the industry, outperforming 75.76% of the companies in the same industry.
BYD has a Debt/Equity ratio of 0.71. This is a neutral value indicating BYD is somewhat dependend on debt financing.
BYD has a Debt to Equity ratio of 0.71. This is in the better half of the industry: BYD outperforms 65.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 4.59 | ||
| Altman-Z | 2.59 |
ROIC/WACC1.74
WACC7.77%
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.
BYD has a worse Current ratio (0.51) than 74.24% 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.
With a Quick ratio value of 0.49, BYD is not doing good in the industry: 72.73% of the companies in the same industry are doing better.
| 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
BYD shows a small growth in Revenue. In the last year, the Revenue has grown by 5.91%.
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)14.35%
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
BYD is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.63% yearly.
Based on estimates for the next years, BYD will show a small growth in Revenue. The Revenue will grow by 0.12% on average per year.
EPS Next Y8.87%
EPS Next 2Y8.04%
EPS Next 3Y7.63%
EPS Next 5YN/A
Revenue Next Year2.29%
Revenue Next 2Y-0.27%
Revenue Next 3Y0.12%
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
With a Price/Earnings ratio of 11.13, the valuation of BYD can be described as very reasonable.
Based on the Price/Earnings ratio, BYD is valued cheaply inside the industry as 86.36% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 25.89, BYD is valued rather cheaply.
The Price/Forward Earnings ratio is 10.40, which indicates a very decent 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.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.59, BYD is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.13 | ||
| Fwd PE | 10.4 |
4.2 Price Multiples
BYD's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. BYD is cheaper than 87.88% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BYD indicates a rather cheap valuation: BYD is cheaper than 81.82% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.51 | ||
| EV/EBITDA | 6.48 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of BYD may justify a higher PE ratio.
PEG (NY)1.25
PEG (5Y)0.37
EPS Next 2Y8.04%
EPS Next 3Y7.63%
5. Dividend
5.1 Amount
BYD has a yearly dividend return of 0.89%, which is pretty low.
BYD's Dividend Yield is a higher than the industry average which is at 4.57.
With a Dividend Yield of 0.89, BYD pays less dividend than the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.89% |
5.2 History
The dividend of BYD is nicely growing with an annual growth rate of 21.48%!
BYD has been paying a dividend for at least 10 years, so it has 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.
The dividend of BYD is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP3.15%
EPS Next 2Y8.04%
EPS Next 3Y7.63%
79.78
-1.03 (-1.27%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners72.66%
Inst Owner Change-5.48%
Ins Owners21.81%
Ins Owner Change-10.93%
Market Cap6.40B
Revenue(TTM)4.07B
Net Income(TTM)1.87B
Analysts74.74
Price Target94.31 (18.21%)
Short Float %5.64%
Short Ratio3.68
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.89% |
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)2.36%
PT rev (3m)2.55%
EPS NQ rev (1m)-1.74%
EPS NQ rev (3m)-0.72%
EPS NY rev (1m)2.19%
EPS NY rev (3m)8.38%
Revenue NQ rev (1m)8.02%
Revenue NQ rev (3m)7.3%
Revenue NY rev (1m)4.74%
Revenue NY rev (3m)4.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.13 | ||
| Fwd PE | 10.4 | ||
| P/S | 1.57 | ||
| P/FCF | 15.51 | ||
| P/OCF | 6.64 | ||
| P/B | 2.4 | ||
| P/tB | 19.51 | ||
| EV/EBITDA | 6.48 |
EPS(TTM)7.17
EY8.99%
EPS(NY)7.67
Fwd EY9.61%
FCF(TTM)5.14
FCFY6.45%
OCF(TTM)12.02
OCFY15.06%
SpS50.77
BVpS33.25
TBVpS4.09
PEG (NY)1.25
PEG (5Y)0.37
Graham Number73.24
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 | 2.59 |
F-Score6
WACC7.77%
ROIC/WACC1.74
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 Y8.87%
EPS Next 2Y8.04%
EPS Next 3Y7.63%
EPS Next 5YN/A
Revenue 1Y (TTM)5.91%
Revenue growth 3Y5.26%
Revenue growth 5Y3.39%
Sales Q2Q%4.49%
Revenue Next Year2.29%
Revenue Next 2Y-0.27%
Revenue Next 3Y0.12%
Revenue Next 5YN/A
EBIT growth 1Y0.58%
EBIT growth 3Y0.59%
EBIT growth 5Y14.71%
EBIT Next Year31.72%
EBIT Next 3Y9.97%
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 8.87% 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%.