BOYD GAMING CORP (BYD) Fundamental Analysis & Valuation

NYSE:BYD • US1033041013

Current stock price

86.29 USD
-0.57 (-0.66%)
At close:
86.29 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

  • The Return On Assets of BYD (28.04%) is better than 98.41% of its industry peers.
  • With an excellent Return On Equity value of 70.66%, BYD belongs to the best of the industry, outperforming 93.65% of the companies in the same industry.
  • 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.
  • 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

  • BYD's Profit Margin of 45.05% is amongst the best of the industry. BYD outperforms 99.21% of its industry peers.
  • BYD's Profit Margin has improved in the last couple of years.
  • BYD has a better Operating Margin (21.43%) than 82.54% of its industry peers.
  • BYD's Operating Margin has improved in the last couple of years.
  • BYD has a Gross Margin of 49.54%. This is comparable to the rest of the industry: BYD outperforms 55.56% of its industry peers.
  • In the last couple of years the Gross Margin of BYD has remained more or less at the same level.
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.
  • BYD has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, BYD has an improved debt to assets ratio.
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 2.53 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 2.53. This is in the better half of the industry: BYD outperforms 65.08% 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.
  • The Debt to FCF ratio of BYD (6.74) is better than 68.25% of its industry peers.
  • BYD has a Debt/Equity ratio of 0.78. This is a neutral value indicating BYD is somewhat dependend on debt financing.
  • BYD has a better Debt to Equity ratio (0.78) than 61.11% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.78
Debt/FCF 6.74
Altman-Z 2.53
ROIC/WACC1.58
WACC7.71%
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 77.78% 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

  • The Earnings Per Share has grown by an nice 10.78% over the past year.
  • The Earnings Per Share has been growing slightly by 6.86% on average over the past years.
  • Looking at the last year, BYD shows a small growth in Revenue. The Revenue has grown by 3.45% in the last year.
  • BYD shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.44% yearly.
EPS 1Y (TTM)10.78%
EPS 3Y6.86%
EPS 5YN/A
EPS Q2Q%-1.23%
Revenue 1Y (TTM)3.45%
Revenue growth 3Y4.8%
Revenue growth 5Y13.44%
Sales Q2Q%0.58%

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 8.04% on average per year.
  • BYD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.95% yearly.
EPS Next Y2.36%
EPS Next 2Y5.13%
EPS Next 3Y8.04%
EPS Next 5YN/A
Revenue Next Year2.29%
Revenue Next 2Y2.51%
Revenue Next 3Y2.95%
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.
  • 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.
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 11.66.
  • BYD's Price/Earnings ratio is rather cheap when compared to the industry. BYD is cheaper than 85.71% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of BYD to the average of the S&P500 Index (26.54), we can say BYD is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 10.52, the valuation of BYD can be described as very reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of BYD indicates a rather cheap valuation: BYD is cheaper than 87.30% 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 21.68.
Industry RankSector Rank
PE 11.66
Fwd PE 10.52
BYD Price Earnings VS Forward Price EarningsBYD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • 86.51% 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 61.90% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 21.41
EV/EBITDA 6.98
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 an expensive valuation of the company.
  • BYD has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)4.95
PEG (5Y)N/A
EPS Next 2Y5.13%
EPS Next 3Y8.04%

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5

5. BYD Dividend Analysis

5.1 Amount

  • BYD has a yearly dividend return of 0.92%, which is pretty low.
  • Compared to an average industry Dividend Yield of 1.05, BYD pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, BYD's dividend is way lower than the S&P500 average.
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

  • 3.16% of the earnings are spent on dividend by BYD. This is a low number and sustainable payout ratio.
  • BYD's earnings are growing slower than its dividend. 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 (4/29/2026, 4:47:26 PM)

After market: 86.29 0 (0%)

86.29

-0.57 (-0.66%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Industry Strength57.76
Industry Growth17.39
Earnings (Last)04-23
Earnings (Next)07-22
Inst Owners73.23%
Inst Owner Change0.58%
Ins Owners22.46%
Ins Owner Change5.42%
Market Cap6.50B
Revenue(TTM)4.10B
Net Income(TTM)1.84B
Analysts73.33
Price Target96.03 (11.29%)
Short Float %6.34%
Short Ratio3.43
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)0.07%
PT rev (3m)1.08%
EPS NQ rev (1m)-0.08%
EPS NQ rev (3m)-1.45%
EPS NY rev (1m)-0.01%
EPS NY rev (3m)-1.77%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.8%
Revenue NY rev (1m)-0.41%
Revenue NY rev (3m)1.98%
Valuation
Industry RankSector Rank
PE 11.66
Fwd PE 10.52
P/S 1.59
P/FCF 21.41
P/OCF 6.65
P/B 2.49
P/tB 37.02
EV/EBITDA 6.98
EPS(TTM)7.4
EY8.58%
EPS(NY)8.2
Fwd EY9.5%
FCF(TTM)4.03
FCFY4.67%
OCF(TTM)12.97
OCFY15.03%
SpS54.34
BVpS34.64
TBVpS2.33
PEG (NY)4.95
PEG (5Y)N/A
Graham Number75.946 (-11.99%)
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 2.53
F-Score6
WACC7.71%
ROIC/WACC1.58
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)10.78%
EPS 3Y6.86%
EPS 5YN/A
EPS Q2Q%-1.23%
EPS Next Y2.36%
EPS Next 2Y5.13%
EPS Next 3Y8.04%
EPS Next 5YN/A
Revenue 1Y (TTM)3.45%
Revenue growth 3Y4.8%
Revenue growth 5Y13.44%
Sales Q2Q%0.58%
Revenue Next Year2.29%
Revenue Next 2Y2.51%
Revenue Next 3Y2.95%
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 11.66 and the Price/Book (PB) ratio is 2.49.


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.