BOYD GAMING CORP (BYD) Fundamental Analysis & Valuation

NYSE:BYD • US1033041013

Current stock price

86.21 USD
+2.82 (+3.38%)
At close:
86.21 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.
  • 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

  • With an excellent Return On Assets value of 28.04%, BYD belongs to the best of the industry, outperforming 98.41% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 70.66%, BYD belongs to the top of the industry, outperforming 93.65% of the companies in the same industry.
  • The Return On Invested Capital of BYD (12.21%) is better than 76.98% of its industry peers.
  • BYD had an Average Return On Invested Capital over the past 3 years of 12.91%. This is above the industry average of 10.56%.
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 has a Profit Margin of 45.05%. This is amongst the best in the industry. BYD outperforms 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.
  • BYD's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 49.54%, BYD is in line with its industry, outperforming 55.56% of the companies in the same industry.
  • 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.
  • BYD has a better debt/assets ratio than last year.
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 2.49. 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 2.49 is fine compared to the rest of the industry. BYD outperforms 66.67% of its industry peers.
  • The Debt to FCF ratio of BYD is 6.74, which is on the high side as it means it would take BYD, 6.74 years of fcf income to pay off all of its debts.
  • BYD's Debt to FCF ratio of 6.74 is fine compared to the rest of the industry. BYD outperforms 70.63% of its industry peers.
  • A Debt/Equity ratio of 0.78 indicates that BYD is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.78, BYD is in the better half of 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 2.49
ROIC/WACC1.59
WACC7.67%
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.
  • The Current ratio of BYD (0.54) is worse than 80.16% of its industry peers.
  • A Quick Ratio of 0.52 indicates that BYD may have some problems paying its short term obligations.
  • BYD's Quick ratio of 0.52 is on the low side compared to the rest of the industry. BYD is outperformed by 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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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%.
  • 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)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 8.06% 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 Y2.37%
EPS Next 2Y5.4%
EPS Next 3Y8.06%
EPS Next 5YN/A
Revenue Next Year2.7%
Revenue Next 2Y2.68%
Revenue Next 3Y3.26%
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

  • With a Price/Earnings ratio of 11.62, the valuation of BYD can be described as very reasonable.
  • Based on the Price/Earnings ratio, BYD is valued cheaper than 84.92% 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 26.21.
  • A Price/Forward Earnings ratio of 11.35 indicates a reasonable valuation of BYD.
  • BYD's Price/Forward Earnings ratio is rather cheap when compared to the industry. BYD is cheaper than 84.92% of the companies in the same industry.
  • BYD is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.10, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.62
Fwd PE 11.35
BYD Price Earnings VS Forward Price EarningsBYD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BYD indicates a rather cheap valuation: BYD is cheaper than 85.71% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, BYD is valued a bit cheaper than the industry average as 65.87% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 21.45
EV/EBITDA 6.77
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.
  • BYD has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)4.91
PEG (5Y)N/A
EPS Next 2Y5.4%
EPS Next 3Y8.06%

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5

5. BYD Dividend Analysis

5.1 Amount

  • With a yearly dividend of 1.00%, BYD is not a good candidate for dividend investing.
  • BYD's Dividend Yield is a higher than the industry average which is at 1.14.
  • With a Dividend Yield of 1.00, BYD pays less dividend than the S&P500 average, which is at 1.89.
Industry RankSector Rank
Dividend Yield 1%

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 2Y5.4%
EPS Next 3Y8.06%
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 (4/8/2026, 4:15:00 PM)

After market: 86.21 0 (0%)

86.21

+2.82 (+3.38%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)02-05
Earnings (Next)04-23
Inst Owners72.92%
Inst Owner Change0%
Ins Owners23.23%
Ins Owner Change5.42%
Market Cap6.51B
Revenue(TTM)4.09B
Net Income(TTM)1.84B
Analysts73.33
Price Target95.74 (11.05%)
Short Float %7.35%
Short Ratio3.83
Dividend
Industry RankSector Rank
Dividend Yield 1%
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%
EPS NY rev (3m)-0.72%
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 11.62
Fwd PE 11.35
P/S 1.59
P/FCF 21.45
P/OCF 6.66
P/B 2.49
P/tB 37.08
EV/EBITDA 6.77
EPS(TTM)7.42
EY8.61%
EPS(NY)7.6
Fwd EY8.81%
FCF(TTM)4.02
FCFY4.66%
OCF(TTM)12.94
OCFY15.01%
SpS54.21
BVpS34.55
TBVpS2.33
PEG (NY)4.91
PEG (5Y)N/A
Graham Number75.95
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 2.49
F-Score6
WACC7.67%
ROIC/WACC1.59
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 Y2.37%
EPS Next 2Y5.4%
EPS Next 3Y8.06%
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 11.62 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 2.37% in the next year.