BOYD GAMING CORP (BYD) Stock Fundamental Analysis
USA - NYSE:BYD - US1033041013 - Common Stock
79.38 USD
-0.07 (-0.09%)
79.38 USD
0 (0%)
Overall BYD gets a fundamental rating of 5 out of 10. We evaluated BYD against 132 industry peers in the Hotels, Restaurants & Leisure industry. While BYD has a great profitability rating, there are quite some concerns on its financial health. BYD scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year BYD was profitable.
In the past year BYD had a positive cash flow from operations.
BYD had positive earnings in 4 of the past 5 years.
In the past 5 years BYD always reported a positive cash flow from operatings.
1.2 Ratios
BYD has a better Return On Assets (8.60%) than 81.06% of its industry peers.
BYD's Return On Equity of 40.51% is amongst the best of the industry. BYD outperforms 87.88% of its industry peers.
The Return On Invested Capital of BYD (12.83%) is better than 80.30% of its industry peers.
BYD had an Average Return On Invested Capital over the past 3 years of 13.71%. This is above the industry average of 10.76%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.6% | ||
| ROE | 40.51% | ||
| ROIC | 12.83% |
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
BYD has a Profit Margin of 14.02%. This is amongst the best in the industry. BYD outperforms 84.85% of its industry peers.
In the last couple of years the Profit Margin of BYD has grown nicely.
The Operating Margin of BYD (23.73%) is better than 87.12% of its industry peers.
In the last couple of years the Operating Margin of BYD has grown nicely.
BYD's Gross Margin of 51.60% is fine compared to the rest of the industry. BYD outperforms 60.61% of its industry peers.
BYD's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.73% | ||
| PM (TTM) | 14.02% | ||
| GM | 51.6% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BYD is still 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.
The debt/assets ratio for BYD is higher compared to a year ago.
2.2 Solvency
BYD has an Altman-Z score of 2.12. 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 has a Altman-Z score (2.12) which is comparable to the rest of the industry.
BYD has a debt to FCF ratio of 8.45. This is a slightly negative value and a sign of low solvency as BYD would need 8.45 years to pay back of all of its debts.
BYD has a Debt to FCF ratio of 8.45. This is in the better half of the industry: BYD outperforms 65.91% of its industry peers.
BYD has a Debt/Equity ratio of 2.53. This is a high value indicating a heavy dependency on external financing.
BYD's Debt to Equity ratio of 2.53 is in line compared to the rest of the industry. BYD outperforms 45.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.53 | ||
| Debt/FCF | 8.45 | ||
| Altman-Z | 2.12 |
ROIC/WACC1.65
WACC7.79%
2.3 Liquidity
A Current Ratio of 0.86 indicates that BYD may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.86, BYD is in line with its industry, outperforming 46.21% of the companies in the same industry.
A Quick Ratio of 0.82 indicates that BYD may have some problems paying its short term obligations.
The Quick ratio of BYD (0.82) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.86 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 14.35% over the past year.
The Earnings Per Share has been growing by 29.85% on average over the past years. This is a very strong growth
BYD shows a small growth in Revenue. In the last year, the Revenue has grown by 5.91%.
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
BYD is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.89% yearly.
The Revenue is expected to decrease by -2.01% on average over the next years.
EPS Next Y8.03%
EPS Next 2Y10.47%
EPS Next 3Y9.89%
EPS Next 5YN/A
Revenue Next Year-2.14%
Revenue Next 2Y-3.18%
Revenue Next 3Y-2.01%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 11.07, which indicates a very decent valuation of BYD.
BYD's Price/Earnings ratio is rather cheap when compared to the industry. BYD is cheaper than 87.12% of the companies in the same industry.
When comparing the Price/Earnings ratio of BYD to the average of the S&P500 Index (26.03), we can say BYD is valued rather cheaply.
The Price/Forward Earnings ratio is 9.90, which indicates a very decent 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 86.36% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.27, BYD is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.07 | ||
| Fwd PE | 9.9 |
4.2 Price Multiples
BYD's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BYD is cheaper than 78.03% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, BYD is valued cheaply inside the industry as 81.06% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.07 | ||
| EV/EBITDA | 7.75 |
4.3 Compensation for Growth
BYD's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of BYD may justify a higher PE ratio.
PEG (NY)1.38
PEG (5Y)0.37
EPS Next 2Y10.47%
EPS Next 3Y9.89%
5. Dividend
5.1 Amount
BYD has a yearly dividend return of 0.93%, which is pretty low.
BYD's Dividend Yield is a higher than the industry average which is at 4.11.
Compared to an average S&P500 Dividend Yield of 2.38, BYD's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.93% |
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.
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
BYD pays out 10.64% 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.
DP10.64%
EPS Next 2Y10.47%
EPS Next 3Y9.89%
79.38
-0.07 (-0.09%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners72.66%
Inst Owner Change-0.83%
Ins Owners21.81%
Ins Owner Change-8.77%
Market Cap6.36B
Revenue(TTM)4.07B
Net Income(TTM)564.51M
Analysts74.74
Price Target94.31 (18.81%)
Short Float %5.64%
Short Ratio3.68
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.93% |
Yearly Dividend0.68
Dividend Growth(5Y)21.48%
DP10.64%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.91%
Min EPS beat(2)5.72%
Max EPS beat(2)12.09%
EPS beat(4)4
Avg EPS beat(4)9.04%
Min EPS beat(4)5.72%
Max EPS beat(4)12.09%
EPS beat(8)6
Avg EPS beat(8)4.96%
EPS beat(12)9
Avg EPS beat(12)6.35%
EPS beat(16)13
Avg EPS beat(16)6.58%
Revenue beat(2)2
Avg Revenue beat(2)2.75%
Min Revenue beat(2)0.68%
Max Revenue beat(2)4.81%
Revenue beat(4)4
Avg Revenue beat(4)2.9%
Min Revenue beat(4)0.68%
Max Revenue beat(4)4.81%
Revenue beat(8)7
Avg Revenue beat(8)2.4%
Revenue beat(12)10
Avg Revenue beat(12)2.62%
Revenue beat(16)13
Avg Revenue beat(16)2.36%
PT rev (1m)2.36%
PT rev (3m)7.1%
EPS NQ rev (1m)4.95%
EPS NQ rev (3m)5.51%
EPS NY rev (1m)1.4%
EPS NY rev (3m)7.54%
Revenue NQ rev (1m)0.49%
Revenue NQ rev (3m)-2.5%
Revenue NY rev (1m)0.21%
Revenue NY rev (3m)0.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.07 | ||
| Fwd PE | 9.9 | ||
| P/S | 1.58 | ||
| P/FCF | 15.07 | ||
| P/OCF | 6.67 | ||
| P/B | 4.57 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.75 |
EPS(TTM)7.17
EY9.03%
EPS(NY)8.02
Fwd EY10.1%
FCF(TTM)5.27
FCFY6.64%
OCF(TTM)11.9
OCFY15%
SpS50.23
BVpS17.38
TBVpS-11.84
PEG (NY)1.38
PEG (5Y)0.37
Graham Number52.95
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.6% | ||
| ROE | 40.51% | ||
| ROCE | 16.11% | ||
| ROIC | 12.83% | ||
| ROICexc | 13.56% | ||
| ROICexgc | 23.28% | ||
| OM | 23.73% | ||
| PM (TTM) | 14.02% | ||
| GM | 51.6% | ||
| FCFM | 10.48% |
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-Score7
Asset Turnover0.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.53 | ||
| Debt/FCF | 8.45 | ||
| Debt/EBITDA | 2.84 | ||
| Cap/Depr | 186.18% | ||
| Cap/Sales | 13.21% | ||
| Interest Coverage | 5.18 | ||
| Cash Conversion | 76.87% | ||
| Profit Quality | 74.81% | ||
| Current Ratio | 0.86 | ||
| Quick Ratio | 0.82 | ||
| Altman-Z | 2.12 |
F-Score7
WACC7.79%
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 Y8.03%
EPS Next 2Y10.47%
EPS Next 3Y9.89%
EPS Next 5YN/A
Revenue 1Y (TTM)5.91%
Revenue growth 3Y5.26%
Revenue growth 5Y3.39%
Sales Q2Q%4.49%
Revenue Next Year-2.14%
Revenue Next 2Y-3.18%
Revenue Next 3Y-2.01%
Revenue Next 5YN/A
EBIT growth 1Y2.42%
EBIT growth 3Y0.59%
EBIT growth 5Y14.71%
EBIT Next Year31.72%
EBIT Next 3Y9.97%
EBIT Next 5YN/A
FCF growth 1Y-34.15%
FCF growth 3Y-11.78%
FCF growth 5Y10.27%
OCF growth 1Y-2.92%
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 5 / 10 to BYD.
What is the valuation status for BYD stock?
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 expected EPS growth for BOYD GAMING CORP (BYD) stock?
The Earnings per Share (EPS) of BOYD GAMING CORP (BYD) is expected to grow by 8.03% in the next year.
Can you provide the dividend sustainability for BYD stock?
The dividend rating of BOYD GAMING CORP (BYD) is 4 / 10 and the dividend payout ratio is 10.64%.