BOYD GAMING CORP (BYD) Fundamental Analysis & Valuation

NYSE:BYD • US1033041013

Current stock price

83.88 USD
-5.27 (-5.91%)
At close:
83.88 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.
  • Each year in the past 5 years BYD has been profitable.
  • 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 better Return On Assets (28.04%) than 98.41% of its industry peers.
  • BYD's Return On Equity of 70.66% is amongst the best of the industry. BYD outperforms 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.
  • BYD had an Average Return On Invested Capital over the past 3 years of 12.91%. This 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

  • Looking at the Profit Margin, with a value of 45.05%, BYD belongs to the top of the industry, outperforming 99.21% of the companies in the same industry.
  • 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.
  • The Gross Margin of BYD (49.54%) is comparable to the rest of the 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.
  • 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 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 2.55. 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 better Altman-Z score (2.55) than 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.
  • With a decent Debt to FCF ratio value of 6.74, BYD is doing good in the industry, outperforming 69.84% of the companies in the same industry.
  • BYD has a Debt/Equity ratio of 0.78. This is a neutral value indicating BYD is somewhat dependend on debt financing.
  • BYD's Debt to Equity ratio of 0.78 is fine compared to the rest of the industry. BYD outperforms 60.32% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.78
Debt/FCF 6.74
Altman-Z 2.55
ROIC/WACC1.6
WACC7.65%
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

  • BYD has a Current Ratio of 0.54. This is a bad value and indicates that BYD is not financially healthy enough and could expect problems in meeting its short term obligations.
  • BYD has a worse Current ratio (0.54) 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 has a worse Quick ratio (0.52) than 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

  • BYD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.78%, 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.
  • Looking at the last year, BYD shows a small growth in Revenue. The Revenue has grown by 4.12% in the last year.
  • 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)10.78%
EPS 3Y6.86%
EPS 5YN/A
EPS Q2Q%-1.23%
Revenue 1Y (TTM)4.12%
Revenue growth 3Y4.8%
Revenue growth 5Y13.44%
Sales Q2Q%0.58%

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 8.04% yearly.
  • The Revenue is expected to grow by 2.95% on average over the next years.
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.
  • 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

  • With a Price/Earnings ratio of 11.34, the valuation of BYD can be described as very reasonable.
  • Based on the Price/Earnings ratio, BYD is valued cheaply inside the industry as 84.92% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 27.42. BYD is valued rather cheaply when compared to this.
  • The Price/Forward Earnings ratio is 10.23, which indicates a very decent valuation of BYD.
  • BYD's Price/Forward Earnings ratio is rather cheap when compared to the industry. BYD is cheaper than 88.10% of the companies in the same industry.
  • BYD is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.24, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.34
Fwd PE 10.23
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

  • Based on the Enterprise Value to EBITDA ratio, BYD is valued cheaper than 84.92% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of BYD indicates a somewhat cheap valuation: BYD is cheaper than 62.70% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 20.81
EV/EBITDA 7.13
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.
  • The excellent profitability rating of BYD may justify a higher PE ratio.
PEG (NY)4.81
PEG (5Y)N/A
EPS Next 2Y5.13%
EPS Next 3Y8.04%

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5

5. BYD Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.90%, BYD is not a good candidate for dividend investing.
  • BYD's Dividend Yield is a higher than the industry average which is at 1.04.
  • With a Dividend Yield of 0.90, BYD pays less dividend than the S&P500 average, which is at 1.81.
Industry RankSector Rank
Dividend Yield 0.9%

5.2 History

  • The dividend of BYD is nicely growing with an annual growth rate of 59.24%!
  • BYD has been paying a dividend for at least 10 years, so it has 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 (4/24/2026, 8:24:36 PM)

After market: 83.88 0 (0%)

83.88

-5.27 (-5.91%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)04-23
Earnings (Next)07-22
Inst Owners73.23%
Inst Owner Change0.13%
Ins Owners22.46%
Ins Owner Change5.42%
Market Cap6.32B
Revenue(TTM)4.09B
Net Income(TTM)1.84B
Analysts73.33
Price Target95.81 (14.22%)
Short Float %6.26%
Short Ratio3.38
Dividend
Industry RankSector Rank
Dividend Yield 0.9%
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)-0.4%
EPS NQ rev (3m)-1.29%
EPS NY rev (1m)-0.01%
EPS NY rev (3m)-0.73%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)0.7%
Revenue NY rev (1m)-0.41%
Revenue NY rev (3m)3.05%
Valuation
Industry RankSector Rank
PE 11.34
Fwd PE 10.23
P/S 1.54
P/FCF 20.81
P/OCF 6.47
P/B 2.42
P/tB 35.98
EV/EBITDA 7.13
EPS(TTM)7.4
EY8.82%
EPS(NY)8.2
Fwd EY9.78%
FCF(TTM)4.03
FCFY4.8%
OCF(TTM)12.97
OCFY15.46%
SpS54.34
BVpS34.64
TBVpS2.33
PEG (NY)4.81
PEG (5Y)N/A
Graham Number75.946 (-9.46%)
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 2.55
F-Score6
WACC7.65%
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)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)4.12%
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 11.34 and the Price/Book (PB) ratio is 2.42.


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.