BOYD GAMING CORP (BYD) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BYD - US1033041013 - Common Stock
83.3 USD
-0.08 (-0.1%)
83.3 USD
0 (0%)
Overall BYD gets a fundamental rating of 6 out of 10. We evaluated BYD against 132 industry peers in the Hotels, Restaurants & Leisure industry. BYD scores excellent on profitability, but there are some minor concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on BYD.
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.
In the past 5 years BYD always reported a positive cash flow from operatings.
1.2 Ratios
BYD has a better Return On Assets (28.76%) than 97.73% of its industry peers.
The Return On Equity of BYD (70.26%) is better than 93.18% of its industry peers.
BYD has a Return On Invested Capital of 13.49%. This is amongst the best in the industry. BYD outperforms 80.30% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BYD is above the industry average of 10.42%.
| 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
BYD has a better Profit Margin (46.02%) than 98.48% of its industry peers.
In the last couple of years the Profit Margin of BYD has grown nicely.
The Operating Margin of BYD (23.11%) is better than 87.12% of its industry peers.
BYD's Operating Margin has improved in the last couple of years.
BYD's Gross Margin of 50.78% 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 | 23.11% | ||
| 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BYD is creating some value.
BYD has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, BYD has less shares outstanding
The debt/assets ratio for BYD is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.63 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 2.63. This is in the better half of the industry: BYD outperforms 70.45% of its industry peers.
The Debt to FCF ratio of BYD is 4.59, which is a neutral value as it means it would take BYD, 4.59 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 4.59, BYD is doing good in the industry, outperforming 75.76% of the companies in the same industry.
A Debt/Equity ratio of 0.71 indicates that BYD is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.71, BYD is doing good in the industry, outperforming 65.15% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 4.59 | ||
| Altman-Z | 2.63 |
ROIC/WACC1.72
WACC7.86%
2.3 Liquidity
A Current Ratio of 0.51 indicates that BYD may have some problems paying its short term obligations.
The Current ratio of BYD (0.51) is worse than 73.48% of its industry peers.
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 72.73% 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
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
The Earnings Per Share is expected to grow by 7.63% on average over the next years.
The Revenue is expected to grow by 0.12% on average over the next years.
EPS Next Y8.87%
EPS Next 2Y8.04%
EPS Next 3Y7.63%
EPS Next 5YN/A
Revenue Next Year2.29%
Revenue Next 2Y-0.27%
Revenue Next 3Y0.12%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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.
4. Valuation
4.1 Price/Earnings Ratio
BYD is valuated reasonably with a Price/Earnings ratio of 11.62.
Based on the Price/Earnings ratio, BYD is valued cheaply inside the industry as 85.61% of the companies are valued more expensively.
BYD's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.31.
Based on the Price/Forward Earnings ratio of 10.86, the valuation of BYD can be described as reasonable.
BYD's Price/Forward Earnings ratio is rather cheap when compared to the industry. BYD is cheaper than 84.85% of the companies 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 36.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.62 | ||
| Fwd PE | 10.86 |
4.2 Price Multiples
BYD's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. BYD is cheaper than 84.85% 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 78.79% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.2 | ||
| EV/EBITDA | 6.71 |
4.3 Compensation for Growth
The 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)1.31
PEG (5Y)0.39
EPS Next 2Y8.04%
EPS Next 3Y7.63%
5. Dividend
5.1 Amount
BYD has a yearly dividend return of 0.86%, which is pretty low.
Compared to an average industry Dividend Yield of 6.38, BYD pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, BYD's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.86% |
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
3.15% of the earnings are spent on dividend by BYD. This is a low number and sustainable payout ratio.
The dividend of BYD is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP3.15%
EPS Next 2Y8.04%
EPS Next 3Y7.63%
83.3
-0.08 (-0.1%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners72.66%
Inst Owner Change-5.52%
Ins Owners21.81%
Ins Owner Change-9.47%
Market Cap6.51B
Revenue(TTM)4.07B
Net Income(TTM)1.87B
Analysts74.74
Price Target93.92 (12.75%)
Short Float %5.95%
Short Ratio3.61
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.86% |
Yearly Dividend0.68
Dividend Growth(5Y)21.48%
DP3.15%
Div Incr Years2
Div Non Decr Years2
Ex-Date
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)1.93%
PT rev (3m)2.12%
EPS NQ rev (1m)-3.82%
EPS NQ rev (3m)-0.72%
EPS NY rev (1m)0.78%
EPS NY rev (3m)2.82%
Revenue NQ rev (1m)7.62%
Revenue NQ rev (3m)7.46%
Revenue NY rev (1m)4.52%
Revenue NY rev (3m)4.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.62 | ||
| Fwd PE | 10.86 | ||
| P/S | 1.64 | ||
| P/FCF | 16.2 | ||
| P/OCF | 6.93 | ||
| P/B | 2.5 | ||
| P/tB | 20.37 | ||
| EV/EBITDA | 6.71 |
EPS(TTM)7.17
EY8.61%
EPS(NY)7.67
Fwd EY9.21%
FCF(TTM)5.14
FCFY6.17%
OCF(TTM)12.02
OCFY14.43%
SpS50.77
BVpS33.25
TBVpS4.09
PEG (NY)1.31
PEG (5Y)0.39
Graham Number73.24
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 | 2.63 |
F-Score6
WACC7.86%
ROIC/WACC1.72
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 Y8.87%
EPS Next 2Y8.04%
EPS Next 3Y7.63%
EPS Next 5YN/A
Revenue 1Y (TTM)5.91%
Revenue growth 3Y5.26%
Revenue growth 5Y3.39%
Sales Q2Q%4.49%
Revenue Next Year2.29%
Revenue Next 2Y-0.27%
Revenue Next 3Y0.12%
Revenue Next 5YN/A
EBIT growth 1Y0.58%
EBIT growth 3Y0.59%
EBIT growth 5Y14.71%
EBIT Next Year31.72%
EBIT Next 3Y9.97%
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.
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 8.87% 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 3.15%.