BOYD GAMING CORP (BYD) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BYD - US1033041013 - Common Stock
86.6 USD
+1.19 (+1.39%)
87.1 USD
+0.5 (+0.58%)
BYD gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 133 industry peers in the Hotels, Restaurants & Leisure industry. While BYD has a great profitability rating, there are some minor 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.
BYD had a positive operating cash flow in the past year.
BYD had positive earnings in 4 of the past 5 years.
Each year in the past 5 years BYD had a positive operating cash flow.
1.2 Ratios
The Return On Assets of BYD (28.76%) is better than 97.74% of its industry peers.
BYD has a Return On Equity of 70.26%. This is amongst the best in the industry. BYD outperforms 92.48% of its industry peers.
BYD has a better Return On Invested Capital (13.49%) than 80.45% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BYD is above the industry average of 10.41%.
| 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's Profit Margin of 46.02% is amongst the best of the industry. BYD outperforms 98.50% of its industry peers.
BYD's Profit Margin has improved in the last couple of years.
BYD has a better Operating Margin (23.11%) than 87.22% of its industry peers.
BYD's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 50.78%, BYD is in line with its industry, outperforming 59.40% of the companies in the same industry.
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
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.
The number of shares outstanding for BYD has been reduced compared to 5 years ago.
Compared to 1 year ago, BYD has a worse debt to assets ratio.
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's Altman-Z score of 2.63 is fine compared to the rest of the industry. BYD outperforms 70.68% 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.
The Debt to FCF ratio of BYD (4.59) is better than 76.69% of its industry peers.
BYD has a Debt/Equity ratio of 0.71. This is a neutral value indicating BYD is somewhat dependend on debt financing.
BYD's Debt to Equity ratio of 0.71 is fine compared to the rest of the industry. BYD outperforms 64.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 4.59 | ||
| Altman-Z | 2.63 |
ROIC/WACC1.64
WACC8.22%
2.3 Liquidity
A Current Ratio of 0.51 indicates that BYD may have some problems paying its short term obligations.
BYD has a Current ratio of 0.51. This is in the lower half of the industry: BYD underperforms 75.19% 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.
BYD has a Quick ratio of 0.49. This is in the lower half of the industry: BYD underperforms 72.93% of its industry peers.
| 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.
Measured over the past years, BYD shows a very strong growth in Earnings Per Share. The EPS has been growing by 29.85% on average per year.
The Revenue has been growing slightly by 5.91% in the past 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
The Earnings Per Share is expected to grow by 7.58% on average over the next years.
Based on estimates for the next years, BYD will show a small growth in Revenue. The Revenue will grow by 0.92% on average per year.
EPS Next Y9.01%
EPS Next 2Y7.87%
EPS Next 3Y7.58%
EPS Next 5YN/A
Revenue Next Year2.52%
Revenue Next 2Y0.06%
Revenue Next 3Y0.92%
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
The Price/Earnings ratio is 12.08, which indicates a correct valuation of BYD.
BYD's Price/Earnings ratio is rather cheap when compared to the industry. BYD is cheaper than 85.71% of the companies in the same industry.
When comparing the Price/Earnings ratio of BYD to the average of the S&P500 Index (26.57), we can say BYD is valued rather cheaply.
The Price/Forward Earnings ratio is 11.33, 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 85.71% of the companies listed 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 24.04.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.08 | ||
| Fwd PE | 11.33 |
4.2 Price Multiples
87.97% of the companies in the same industry are more expensive than BYD, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BYD indicates a rather cheap valuation: BYD is cheaper than 81.20% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.41 | ||
| EV/EBITDA | 6.7 |
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)1.34
PEG (5Y)0.4
EPS Next 2Y7.87%
EPS Next 3Y7.58%
5. Dividend
5.1 Amount
With a yearly dividend of 0.84%, BYD is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 1.52, BYD pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 1.88, BYD's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.84% |
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.
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.
BYD's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP3.15%
EPS Next 2Y7.87%
EPS Next 3Y7.58%
86.6
+1.19 (+1.39%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners71.84%
Inst Owner Change-5.52%
Ins Owners22.33%
Ins Owner Change-9.47%
Market Cap6.77B
Revenue(TTM)4.07B
Net Income(TTM)1.87B
Analysts73.33
Price TargetN/A
Short Float %4.89%
Short Ratio2.86
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.84% |
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)-1.36%
PT rev (3m)0.96%
EPS NQ rev (1m)-0.52%
EPS NQ rev (3m)-1.95%
EPS NY rev (1m)0.13%
EPS NY rev (3m)2.95%
Revenue NQ rev (1m)1.29%
Revenue NQ rev (3m)9.53%
Revenue NY rev (1m)0.22%
Revenue NY rev (3m)5.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.08 | ||
| Fwd PE | 11.33 | ||
| P/S | 1.66 | ||
| P/FCF | 16.41 | ||
| P/OCF | 7.02 | ||
| P/B | 2.54 | ||
| P/tB | 20.63 | ||
| EV/EBITDA | 6.7 |
EPS(TTM)7.17
EY8.28%
EPS(NY)7.65
Fwd EY8.83%
FCF(TTM)5.28
FCFY6.1%
OCF(TTM)12.33
OCFY14.24%
SpS52.11
BVpS34.13
TBVpS4.2
PEG (NY)1.34
PEG (5Y)0.4
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 | 2.63 |
F-Score6
WACC8.22%
ROIC/WACC1.64
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 Y9.01%
EPS Next 2Y7.87%
EPS Next 3Y7.58%
EPS Next 5YN/A
Revenue 1Y (TTM)5.91%
Revenue growth 3Y5.26%
Revenue growth 5Y3.39%
Sales Q2Q%4.49%
Revenue Next Year2.52%
Revenue Next 2Y0.06%
Revenue Next 3Y0.92%
Revenue Next 5YN/A
EBIT growth 1Y0.58%
EBIT growth 3Y0.59%
EBIT growth 5Y14.71%
EBIT Next Year33.95%
EBIT Next 3Y10.44%
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 9.01% 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%.