BOYD GAMING CORP (BYD) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BYD - US1033041013 - Common Stock
88.03 USD
+0.24 (+0.27%)
88.03 USD
0 (0%)
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. While BYD belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on BYD.
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.
BYD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 28.76%, BYD belongs to the best of the industry, outperforming 97.74% of the companies in the same industry.
Looking at the Return On Equity, with a value of 70.26%, BYD belongs to the top of the industry, outperforming 92.48% of the companies in the same industry.
BYD's Return On Invested Capital of 13.49% is amongst the best of the industry. BYD outperforms 80.45% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BYD is above the industry average of 10.34%.
| 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
The Profit Margin of BYD (46.02%) is better than 98.50% of its industry peers.
In the last couple of years the Profit Margin of BYD has grown nicely.
With an excellent Operating Margin value of 23.11%, BYD belongs to the best of the industry, outperforming 87.22% of the companies in the same industry.
In the last couple of years the Operating Margin of BYD has grown nicely.
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
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 is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.66 indicates that BYD is not a great score, but indicates only limited risk for bankruptcy at the moment.
BYD's Altman-Z score of 2.66 is fine compared to the rest of the industry. BYD outperforms 70.68% 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.
BYD's Debt to FCF ratio of 4.59 is fine compared to the rest of the industry. BYD outperforms 76.69% of its industry peers.
A Debt/Equity ratio of 0.71 indicates that BYD is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.71, BYD is doing good in the industry, outperforming 63.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 4.59 | ||
| Altman-Z | 2.66 |
ROIC/WACC1.7
WACC7.96%
2.3 Liquidity
A Current Ratio of 0.51 indicates that BYD may have some problems paying its short term obligations.
BYD has a Current ratio of 0.51. This is in the lower half of the industry: BYD underperforms 74.44% 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.
The Quick ratio of BYD (0.49) is worse than 72.18% 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.
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.
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 7.55% yearly.
The Revenue is expected to grow by 1.72% on average over the next years.
EPS Next Y9.01%
EPS Next 2Y7.91%
EPS Next 3Y7.55%
EPS Next 5YN/A
Revenue Next Year2.95%
Revenue Next 2Y0.86%
Revenue Next 3Y1.72%
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
Based on the Price/Earnings ratio of 12.28, the valuation of BYD can be described as correct.
Based on the Price/Earnings ratio, BYD is valued cheaply inside the industry as 85.71% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.30, BYD is valued rather cheaply.
A Price/Forward Earnings ratio of 11.51 indicates a reasonable valuation of BYD.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BYD indicates a rather cheap valuation: BYD is cheaper than 86.47% of the companies listed in the same industry.
BYD's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.04.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.28 | ||
| Fwd PE | 11.51 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BYD is valued cheaply inside the industry as 88.72% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BYD indicates a rather cheap valuation: BYD is cheaper than 80.45% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.68 | ||
| EV/EBITDA | 6.85 |
4.3 Compensation for Growth
BYD's 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)1.36
PEG (5Y)0.41
EPS Next 2Y7.91%
EPS Next 3Y7.55%
5. Dividend
5.1 Amount
With a yearly dividend of 0.82%, BYD is not a good candidate for dividend investing.
BYD's Dividend Yield is a higher than the industry average which is at 6.32.
Compared to an average S&P500 Dividend Yield of 1.92, BYD's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.82% |
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
BYD pays out 3.15% 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.
DP3.15%
EPS Next 2Y7.91%
EPS Next 3Y7.55%
88.03
+0.24 (+0.27%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners72.18%
Inst Owner Change-0.14%
Ins Owners22.33%
Ins Owner Change-9.47%
Market Cap6.88B
Revenue(TTM)4.07B
Net Income(TTM)1.87B
Analysts73.33
Price Target93.36 (6.05%)
Short Float %6.01%
Short Ratio3.43
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.82% |
Yearly Dividend0.68
Dividend Growth(5Y)21.48%
DP3.15%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
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)0.37%
PT rev (3m)1.33%
EPS NQ rev (1m)0.62%
EPS NQ rev (3m)-1.64%
EPS NY rev (1m)0%
EPS NY rev (3m)2.32%
Revenue NQ rev (1m)2.79%
Revenue NQ rev (3m)11.78%
Revenue NY rev (1m)0.42%
Revenue NY rev (3m)5.42%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.28 | ||
| Fwd PE | 11.51 | ||
| P/S | 1.69 | ||
| P/FCF | 16.68 | ||
| P/OCF | 7.14 | ||
| P/B | 2.58 | ||
| P/tB | 20.98 | ||
| EV/EBITDA | 6.85 |
EPS(TTM)7.17
EY8.14%
EPS(NY)7.65
Fwd EY8.69%
FCF(TTM)5.28
FCFY6%
OCF(TTM)12.33
OCFY14.01%
SpS52.11
BVpS34.13
TBVpS4.2
PEG (NY)1.36
PEG (5Y)0.41
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 | 2.66 |
F-Score6
WACC7.96%
ROIC/WACC1.7
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 2Y7.91%
EPS Next 3Y7.55%
EPS Next 5YN/A
Revenue 1Y (TTM)5.91%
Revenue growth 3Y5.26%
Revenue growth 5Y3.39%
Sales Q2Q%4.49%
Revenue Next Year2.95%
Revenue Next 2Y0.86%
Revenue Next 3Y1.72%
Revenue Next 5YN/A
EBIT growth 1Y0.58%
EBIT growth 3Y0.59%
EBIT growth 5Y14.71%
EBIT Next Year33.84%
EBIT Next 3Y10.41%
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.
Can you provide the valuation status for BOYD GAMING CORP?
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 valuation of BOYD GAMING CORP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for BOYD GAMING CORP (BYD) is 12.28 and the Price/Book (PB) ratio is 2.58.
How financially healthy is BOYD GAMING CORP?
The financial health rating of BOYD GAMING CORP (BYD) is 4 / 10.