BOYD GAMING CORP (BYD) Fundamental Analysis & Valuation

NYSE:BYD • US1033041013

Current stock price

85.98 USD
-1.77 (-2.02%)
At close:
85.98 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.
  • BYD had positive earnings in each of the past 5 years.
  • Each year in the past 5 years BYD had a positive operating cash flow.
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.
  • Looking at the Return On Invested Capital, with a value of 12.21%, BYD is in the better half of the industry, outperforming 76.98% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for BYD is above the industry average of 10.55%.
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.
  • BYD's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 21.43%, BYD belongs to the top of the industry, outperforming 82.54% of the companies in the same industry.
  • In the last couple of years the Operating Margin of BYD has grown nicely.
  • With a Gross Margin value of 49.54%, BYD perfoms like the industry average, outperforming 55.56% of the companies in the same industry.
  • 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

  • BYD has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it 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.
  • 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

  • BYD has an Altman-Z score of 2.52. 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's Altman-Z score of 2.52 is fine compared to the rest of the industry. BYD outperforms 65.87% of its industry peers.
  • BYD has a debt to FCF ratio of 6.74. This is a slightly negative value and a sign of low solvency as BYD would need 6.74 years to pay back of all of its debts.
  • BYD has a better Debt to FCF ratio (6.74) than 69.84% of its industry peers.
  • A Debt/Equity ratio of 0.78 indicates that BYD is somewhat dependend on debt financing.
  • With a decent Debt to Equity ratio value of 0.78, BYD is doing good in the industry, outperforming 60.32% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.78
Debt/FCF 6.74
Altman-Z 2.52
ROIC/WACC1.6
WACC7.64%
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.
  • Looking at the Current ratio, with a value of 0.54, BYD is doing worse than 80.16% of the companies in the same industry.
  • A Quick Ratio of 0.52 indicates that BYD may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.52, BYD is not doing good in the industry: 77.78% of the companies in the same industry are doing better.
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.
  • Measured over the past 5 years, BYD shows a small growth in Earnings Per Share. The EPS has been growing by 6.86% on average per year.
  • 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

  • The Earnings Per Share is expected to grow by 8.04% on average over the next years. This is quite good.
  • 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 Y2.36%
EPS Next 2Y5.13%
EPS Next 3Y8.04%
EPS Next 5YN/A
Revenue Next Year2.7%
Revenue Next 2Y2.68%
Revenue Next 3Y3.26%
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 stable.
  • 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

  • BYD is valuated reasonably with a Price/Earnings ratio of 11.59.
  • BYD's Price/Earnings ratio is rather cheap when compared to the industry. BYD is cheaper than 88.10% 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 27.38.
  • The Price/Forward Earnings ratio is 11.32, which indicates a very decent valuation of BYD.
  • Based on the Price/Forward Earnings ratio, BYD is valued cheaper than 88.89% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 38.20. BYD is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 11.59
Fwd PE 11.32
BYD Price Earnings VS Forward Price EarningsBYD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • 87.30% 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 65.08% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 21.33
EV/EBITDA 6.92
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.
  • The excellent profitability rating of BYD may justify a higher PE ratio.
PEG (NY)4.92
PEG (5Y)N/A
EPS Next 2Y5.13%
EPS Next 3Y8.04%

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

5

5. BYD Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.92%, BYD is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 1.09, BYD pays a bit more dividend than its industry peers.
  • With a Dividend Yield of 0.92, BYD pays less dividend than the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 0.92%

5.2 History

  • On average, the dividend of BYD grows each year by 59.24%, which is quite nice.
  • BYD has paid a dividend for at least 10 years, which is a reliable track record.
  • BYD has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)59.24%
Div Incr Years3
Div Non Decr Years3
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 2Y5.13%
EPS Next 3Y8.04%
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 (4/15/2026, 8:04:00 PM)

After market: 85.98 0 (0%)

85.98

-1.77 (-2.02%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)02-05
Earnings (Next)04-23
Inst Owners73.23%
Inst Owner Change0.01%
Ins Owners22.46%
Ins Owner Change5.42%
Market Cap6.47B
Revenue(TTM)4.09B
Net Income(TTM)1.84B
Analysts73.33
Price Target95.74 (11.35%)
Short Float %6.26%
Short Ratio3.38
Dividend
Industry RankSector Rank
Dividend Yield 0.92%
Yearly Dividend0.72
Dividend Growth(5Y)59.24%
DP3.16%
Div Incr Years3
Div Non Decr Years3
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%
PT rev (3m)2.55%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.81%
EPS NY rev (1m)-0.01%
EPS NY rev (3m)-0.73%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.8%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.45%
Valuation
Industry RankSector Rank
PE 11.59
Fwd PE 11.32
P/S 1.58
P/FCF 21.33
P/OCF 6.63
P/B 2.48
P/tB 36.88
EV/EBITDA 6.92
EPS(TTM)7.42
EY8.63%
EPS(NY)7.59
Fwd EY8.83%
FCF(TTM)4.03
FCFY4.69%
OCF(TTM)12.97
OCFY15.09%
SpS54.34
BVpS34.64
TBVpS2.33
PEG (NY)4.92
PEG (5Y)N/A
Graham Number76.0486 (-11.55%)
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 2.52
F-Score6
WACC7.64%
ROIC/WACC1.6
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 Y2.36%
EPS Next 2Y5.13%
EPS Next 3Y8.04%
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.


Can you provide the profitability details for BOYD GAMING CORP?

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 11.59 and the Price/Book (PB) ratio is 2.48.


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 2.36% in the next year.