BOYD GAMING CORP (BYD) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BYD - US1033041013 - Common Stock
87.92 USD
-0.41 (-0.46%)
87.92 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. BYD has an excellent profitability rating, 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.
Each year in the past 5 years BYD had a positive operating cash flow.
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.
With an excellent Return On Equity value of 70.26%, BYD belongs to the best 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
Looking at the Profit Margin, with a value of 46.02%, BYD belongs to the top of the industry, outperforming 98.50% of the companies in the same industry.
BYD's Profit Margin has improved in the last couple of years.
BYD has a Operating Margin of 23.11%. This is amongst the best in the industry. BYD outperforms 87.22% of its industry peers.
BYD's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 50.78%, BYD is in line with its industry, outperforming 59.40% of the companies in the same industry.
BYD's Gross Margin has improved in the last couple of years.
| 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
BYD has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, BYD has less shares outstanding
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
BYD has an Altman-Z score of 2.66. 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 2.66 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 has a Debt to FCF ratio of 4.59. This is in the better half of the industry: BYD outperforms 76.69% of its industry peers.
BYD has a Debt/Equity ratio of 0.71. This is a neutral value indicating BYD is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.71, BYD is in the better half of 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/WACC1.65
WACC8.18%
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.
With a Current ratio value of 0.51, BYD is not doing good in the industry: 74.44% of the companies in the same industry are doing better.
A Quick Ratio of 0.49 indicates that BYD may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.49, BYD is doing worse than 72.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.51 | ||
| Quick Ratio | 0.49 |
3. Growth
3.1 Past
BYD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.35%, which is quite good.
The Earnings Per Share has been growing by 29.85% on average over the past years. This is a very strong growth
The Revenue has been growing slightly by 5.91% in the past year.
BYD shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.39% yearly.
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
Based on estimates for the next years, BYD will show a small growth in Earnings Per Share. The EPS will grow by 7.55% on average per year.
Based on estimates for the next years, BYD will show a small growth in Revenue. The Revenue will grow by 1.72% on average per year.
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
BYD is valuated correctly with a Price/Earnings ratio of 12.26.
Based on the Price/Earnings ratio, BYD is valued cheaper than 84.96% of the companies in the same industry.
When comparing the Price/Earnings ratio of BYD to the average of the S&P500 Index (27.19), we can say BYD is valued rather cheaply.
BYD is valuated reasonably with a Price/Forward Earnings ratio of 11.49.
Based on the Price/Forward Earnings ratio, BYD is valued cheaply inside the industry as 86.47% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 23.92. BYD is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.26 | ||
| Fwd PE | 11.49 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BYD is valued cheaper than 88.72% of the companies in the same industry.
79.70% of the companies in the same industry are more expensive than BYD, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.66 | ||
| EV/EBITDA | 6.86 |
4.3 Compensation for Growth
The 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
BYD has a yearly dividend return of 0.82%, which is pretty low.
Compared to an average industry Dividend Yield of 6.32, BYD pays a bit more dividend than its industry peers.
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
On average, the dividend of BYD grows each year by 21.48%, which is quite nice.
BYD has paid a dividend for at least 10 years, which is a reliable track record.
BYD has decreased its dividend 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.
BYD's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP3.15%
EPS Next 2Y7.91%
EPS Next 3Y7.55%
87.92
-0.41 (-0.46%)
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 Cap6.87B
Revenue(TTM)4.07B
Net Income(TTM)1.87B
Analysts73.33
Price Target93.36 (6.19%)
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 | 12.26 | ||
| Fwd PE | 11.49 | ||
| P/S | 1.69 | ||
| P/FCF | 16.66 | ||
| P/OCF | 7.13 | ||
| P/B | 2.58 | ||
| P/tB | 20.95 | ||
| EV/EBITDA | 6.86 |
EPS(TTM)7.17
EY8.16%
EPS(NY)7.65
Fwd EY8.7%
FCF(TTM)5.28
FCFY6%
OCF(TTM)12.33
OCFY14.03%
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
WACC8.18%
ROIC/WACC1.65
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 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 12.26 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.