BOYD GAMING CORP (BYD) Fundamental Analysis & Valuation

NYSE:BYD • US1033041013

Current stock price

81.06 USD
-2 (-2.41%)
At close:
81.06 USD
0 (0%)
After Hours:

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.
  • BYD had a positive operating cash flow in each of the past 5 years.
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 has a Return On Assets of 28.04%. This is amongst the best in 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.
  • BYD's Return On Invested Capital of 12.21% is fine compared to the rest of the industry. BYD outperforms 76.98% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for BYD is above the industry average of 10.60%.
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.
  • In the last couple of years the Profit Margin of BYD has grown nicely.
  • BYD's Operating Margin of 21.43% is amongst the best of the industry. BYD outperforms 82.54% of its industry peers.
  • In the last couple of years the Operating Margin of BYD has grown nicely.
  • BYD has a Gross Margin of 49.54%. This is comparable to the rest of the industry: BYD outperforms 56.35% 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

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BYD is creating some value.
  • Compared to 1 year ago, BYD has less shares outstanding
  • BYD has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for BYD has been reduced compared to a year ago.
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

  • An Altman-Z score of 2.48 indicates that BYD is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.48, BYD is in the better half of the industry, outperforming 69.84% 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's Debt to FCF ratio of 6.74 is fine compared to the rest 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.
  • BYD has a better Debt to Equity ratio (0.78) than 60.32% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.78
Debt/FCF 6.74
Altman-Z 2.48
ROIC/WACC1.61
WACC7.58%
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

  • A Current Ratio of 0.54 indicates that BYD may have some problems paying its short term obligations.
  • BYD has a worse Current ratio (0.54) than 79.37% of its industry peers.
  • A Quick Ratio of 0.52 indicates that BYD may have some problems paying its short term obligations.
  • BYD has a Quick ratio of 0.52. This is in the lower half of the industry: BYD underperforms 76.98% of its industry peers.
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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. BYD Growth Analysis

3.1 Past

  • BYD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.94%, which is quite good.
  • BYD shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.86% yearly.
  • BYD shows a small growth in Revenue. In the last year, the Revenue has grown by 4.12%.
  • Measured over the past years, BYD shows a quite strong growth in Revenue. The Revenue has been growing by 13.44% on average per year.
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.
  • Based on estimates for the next years, BYD will show a small growth in Revenue. The Revenue will grow by 3.26% on average per year.
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

  • The EPS growth rate is stable: in the next years the growth will be about the same 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.
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

  • Based on the Price/Earnings ratio of 10.92, the valuation of BYD can be described as reasonable.
  • 84.13% of the companies in the same industry are more expensive than BYD, based on the Price/Earnings ratio.
  • BYD is valuated cheaply when we compare the Price/Earnings ratio to 25.23, which is the current average of the S&P500 Index.
  • BYD is valuated reasonably with a Price/Forward Earnings ratio of 10.67.
  • Based on the Price/Forward Earnings ratio, BYD is valued cheaply inside the industry as 84.92% of the companies are valued more expensively.
  • BYD is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.28, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.92
Fwd PE 10.67
BYD Price Earnings VS Forward Price EarningsBYD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 85.71% of the companies in the same industry are more expensive than BYD, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, BYD is valued a bit cheaper than the industry average as 68.25% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 20.16
EV/EBITDA 6.75
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 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)4.62
PEG (5Y)N/A
EPS Next 2Y5.4%
EPS Next 3Y8.06%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. BYD Dividend Analysis

5.1 Amount

  • BYD has a yearly dividend return of 0.98%, which is pretty low.
  • BYD's Dividend Yield is a higher than the industry average which is at 1.12.
  • With a Dividend Yield of 0.98, BYD pays less dividend than the S&P500 average, which is at 1.91.
Industry RankSector Rank
Dividend Yield 0.98%

5.2 History

  • The dividend of BYD is nicely growing with an annual growth rate of 59.24%!
  • BYD has been paying a dividend for at least 10 years, so it has 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

  • BYD pays out 3.16% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of BYD is growing, but the earnings are growing slower. 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 (3/20/2026, 8:04:00 PM)

After market: 81.06 0 (0%)

81.06

-2 (-2.41%)

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 Cap6.12B
Revenue(TTM)4.09B
Net Income(TTM)1.84B
Analysts73.33
Price Target95.74 (18.11%)
Short Float %6.68%
Short Ratio3.68
Dividend
Industry RankSector Rank
Dividend Yield 0.98%
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)1.51%
EPS NQ rev (3m)0.31%
EPS NY rev (1m)-2.94%
EPS NY rev (3m)-0.65%
Revenue NQ rev (1m)0.2%
Revenue NQ rev (3m)4.08%
Revenue NY rev (1m)2.68%
Revenue NY rev (3m)6.12%
Valuation
Industry RankSector Rank
PE 10.92
Fwd PE 10.67
P/S 1.5
P/FCF 20.16
P/OCF 6.27
P/B 2.35
P/tB 34.86
EV/EBITDA 6.75
EPS(TTM)7.42
EY9.15%
EPS(NY)7.6
Fwd EY9.37%
FCF(TTM)4.02
FCFY4.96%
OCF(TTM)12.94
OCFY15.96%
SpS54.21
BVpS34.55
TBVpS2.33
PEG (NY)4.62
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 2.48
F-Score6
WACC7.58%
ROIC/WACC1.61
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 10.92 and the Price/Book (PB) ratio is 2.35.


How financially healthy is BOYD GAMING CORP?

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