BOYD GAMING CORP (BYD)
US1033041013 - Common Stock
Overall BYD gets a fundamental rating of 6 out of 10. We evaluated BYD against 135 industry peers in the Hotels, Restaurants & Leisure industry. While BYD belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. BYD is valued quite cheap, but it does not seem to be growing.
1. Profitability
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 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 Return On Assets of 8.94%. This is amongst the best in the industry. BYD outperforms 82.84% of its industry peers.
Looking at the Return On Equity, with a value of 31.73%, BYD belongs to the top of the industry, outperforming 82.84% of the companies in the same industry.
BYD has a better Return On Invested Capital (13.46%) than 83.58% of its industry peers.
BYD had an Average Return On Invested Capital over the past 3 years of 13.74%. This is above the industry average of 9.90%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.94% | ||
| ROE | 31.73% | ||
| ROIC | 13.46% |
ROA(3y)9.16%
ROA(5y)5.56%
ROE(3y)35.3%
ROE(5y)21.27%
ROIC(3y)13.74%
ROIC(5y)9.98%
1.3 Margins
BYD's Profit Margin of 14.91% is amongst the best of the industry. BYD outperforms 83.58% 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 25.44%, BYD belongs to the top of the industry, outperforming 90.30% of the companies in the same industry.
BYD's Operating Margin has improved in the last couple of years.
BYD has a Gross Margin of 53.28%. This is comparable to the rest of the industry: BYD outperforms 57.46% of its industry peers.
BYD's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.44% | ||
| PM (TTM) | 14.91% | ||
| GM | 53.28% |
OM growth 3Y45.96%
OM growth 5Y14.77%
PM growth 3YN/A
PM growth 5Y30.52%
GM growth 3Y1.01%
GM growth 5Y2.47%
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.
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.
Compared to 1 year ago, BYD has an improved debt to assets ratio.
2.2 Solvency
BYD has an Altman-Z score of 2.18. 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.
The Altman-Z score of BYD (2.18) is better than 61.94% of its industry peers.
BYD has a debt to FCF ratio of 5.56. This is a neutral value as BYD would need 5.56 years to pay back of all of its debts.
BYD has a Debt to FCF ratio of 5.56. This is in the better half of the industry: BYD outperforms 72.39% of its industry peers.
A Debt/Equity ratio of 1.61 is on the high side and indicates that BYD has dependencies on debt financing.
BYD has a Debt to Equity ratio (1.61) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.61 | ||
| Debt/FCF | 5.56 | ||
| Altman-Z | 2.18 |
ROIC/WACC1.62
WACC8.29%
2.3 Liquidity
A Current Ratio of 0.80 indicates that BYD may have some problems paying its short term obligations.
BYD's Current ratio of 0.80 is in line compared to the rest of the industry. BYD outperforms 41.79% of its industry peers.
BYD has a Quick Ratio of 0.80. 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 0.77. This is comparable to the rest of the industry: BYD outperforms 44.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.77 |
3. Growth
3.1 Past
The earnings per share for BYD have decreased by -4.38% in the last year.
BYD shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 36.74% yearly.
The Revenue has been growing slightly by 2.09% in the past year.
BYD shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.31% yearly.
EPS 1Y (TTM)-4.38%
EPS 3YN/A
EPS 5Y36.74%
EPS growth Q2Q-11.7%
Revenue 1Y (TTM)2.09%
Revenue growth 3Y19.72%
Revenue growth 5Y7.31%
Revenue growth Q2Q-0.36%
3.2 Future
Based on estimates for the next years, BYD will show a small growth in Earnings Per Share. The EPS will grow by 4.76% on average per year.
Based on estimates for the next years, BYD will show a small growth in Revenue. The Revenue will grow by 1.17% on average per year.
EPS Next Y-0.78%
EPS Next 2Y0.85%
EPS Next 3Y4.76%
EPS Next 5YN/A
Revenue Next Year0.77%
Revenue Next 2Y1.31%
Revenue Next 3Y1.17%
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
The Price/Earnings ratio is 9.00, which indicates a very decent valuation of BYD.
Based on the Price/Earnings ratio, BYD is valued cheaper than 94.78% of the companies in the same industry.
When comparing the Price/Earnings ratio of BYD to the average of the S&P500 Index (28.60), we can say BYD is valued rather cheaply.
The Price/Forward Earnings ratio is 8.57, 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 91.79% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of BYD to the average of the S&P500 Index (20.15), we can say BYD is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9 | ||
| Fwd PE | 8.57 |
4.2 Price Multiples
85.82% of the companies in the same industry are more expensive than BYD, based on the Enterprise Value to EBITDA ratio.
BYD's Price/Free Cash Flow ratio is rather cheap when compared to the industry. BYD is cheaper than 90.30% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.21 | ||
| EV/EBITDA | 6.5 |
4.3 Compensation for Growth
The excellent profitability rating of BYD may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.25
EPS Next 2Y0.85%
EPS Next 3Y4.76%
5. Dividend
5.1 Amount
BYD has a Yearly Dividend Yield of 1.23%. Purely for dividend investing, there may be better candidates out there.
BYD's Dividend Yield is a higher than the industry average which is at 2.75.
With a Dividend Yield of 1.23, BYD pays less dividend than the S&P500 average, which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.23% |
5.2 History
The dividend of BYD is nicely growing with an annual growth rate of 23.69%!
BYD has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of BYD decreased recently.
Dividend Growth(5Y)23.69%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
11.43% 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.
DP11.43%
EPS Next 2Y0.85%
EPS Next 3Y4.76%
BOYD GAMING CORP
NYSE:BYD (5/17/2024, 7:04:00 PM)
After market: 55.01 0 (0%)55.01
-0.06 (-0.11%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap5.27B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.23% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9 | ||
| Fwd PE | 8.57 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.25
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.94% | ||
| ROE | 31.73% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 25.44% | ||
| PM (TTM) | 14.91% | ||
| GM | 53.28% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.6
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.61 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.77 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-4.38%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y-0.78%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)2.09%
Revenue growth 3Y19.72%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y