BOYD GAMING CORP (BYD) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BYD - US1033041013 - Common Stock
81.66 USD
-0.58 (-0.71%)
81.66 USD
0 (0%)
BYD gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals 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. 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.
In the past year BYD had a positive cash flow from operations.
BYD had positive earnings in 4 of the past 5 years.
BYD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BYD's Return On Assets of 28.76% is amongst the best of the industry. BYD outperforms 97.73% of its industry peers.
BYD has a better Return On Equity (70.26%) than 93.18% of its industry peers.
BYD's Return On Invested Capital of 13.49% is amongst the best of the industry. BYD outperforms 80.30% of its industry peers.
The Average Return On Invested Capital over the past 3 years 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
With an excellent Profit Margin value of 46.02%, BYD belongs to the best of the industry, outperforming 98.48% of the companies in the same industry.
BYD's Profit Margin has improved in the last couple of years.
The Operating Margin of BYD (23.11%) 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 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
BYD has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it 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
Compared to 1 year ago, BYD has a worse debt to assets ratio.
2.2 Solvency
BYD has an Altman-Z score of 2.59. 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 (2.59) than 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.
BYD has a better Debt to FCF ratio (4.59) than 76.52% of its industry peers.
A Debt/Equity ratio of 0.71 indicates that BYD is somewhat dependend on debt financing.
BYD has a Debt to Equity ratio of 0.71. This is in the better half of the industry: BYD outperforms 65.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 4.59 | ||
| Altman-Z | 2.59 |
ROIC/WACC1.69
WACC7.98%
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.
BYD has a Quick 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.
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
Looking at the last year, BYD shows a small growth in Revenue. The Revenue has grown by 5.91% in the last year.
The Revenue has been growing slightly by 3.39% on average over the past years.
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 a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.63% yearly.
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
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 reasonably with a Price/Earnings ratio of 11.39.
Based on the Price/Earnings ratio, BYD is valued cheaper than 85.61% 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 26.15.
A Price/Forward Earnings ratio of 10.65 indicates a reasonable valuation of BYD.
84.85% of the companies in the same industry are more expensive than BYD, based on the Price/Forward Earnings ratio.
BYD's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.22.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.39 | ||
| Fwd PE | 10.65 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BYD is valued cheaply inside the industry as 87.12% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, BYD is valued cheaper than 80.30% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.47 | ||
| EV/EBITDA | 6.5 |
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)1.28
PEG (5Y)0.38
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.
BYD's Dividend Yield is a higher than the industry average which is at 7.72.
Compared to an average S&P500 Dividend Yield of 2.32, BYD's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.86% |
5.2 History
On average, the dividend of BYD grows each year by 21.48%, which is quite nice.
BYD has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of BYD decreased 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%
81.66
-0.58 (-0.71%)
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 Cap6.38B
Revenue(TTM)4.07B
Net Income(TTM)1.87B
Analysts74.74
Price Target93.92 (15.01%)
Short Float %5.42%
Short Ratio3.18
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)-0.42%
PT rev (3m)2.12%
EPS NQ rev (1m)-2.43%
EPS NQ rev (3m)-1.24%
EPS NY rev (1m)0.78%
EPS NY rev (3m)2.82%
Revenue NQ rev (1m)2.63%
Revenue NQ rev (3m)8.4%
Revenue NY rev (1m)4.52%
Revenue NY rev (3m)4.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.39 | ||
| Fwd PE | 10.65 | ||
| P/S | 1.57 | ||
| P/FCF | 15.47 | ||
| P/OCF | 6.62 | ||
| P/B | 2.39 | ||
| P/tB | 19.46 | ||
| EV/EBITDA | 6.5 |
EPS(TTM)7.17
EY8.78%
EPS(NY)7.67
Fwd EY9.39%
FCF(TTM)5.28
FCFY6.46%
OCF(TTM)12.33
OCFY15.1%
SpS52.11
BVpS34.13
TBVpS4.2
PEG (NY)1.28
PEG (5Y)0.38
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 | 2.59 |
F-Score6
WACC7.98%
ROIC/WACC1.69
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%.