BYD Stock Overview
Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company.
Boyd Gaming Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$61.03|
|52 Week High||US$71.00|
|52 Week Low||US$37.80|
|1 Month Change||-4.31%|
|3 Month Change||-1.68%|
|1 Year Change||54.35%|
|3 Year Change||145.89%|
|5 Year Change||222.91%|
|Change since IPO||175.84%|
Recent News & Updates
Boyd Gaming: Even Near Its 52-Week High, It Is Still A Buy
BYD is a stand-out performer without a footprint on the Vegas strip or Asia or many big east coast markets. Credit a long view strategy in asset allocation by management for moving money around in markets they know best. Its 3Q21 results hit records, despite continuing stop/start cycle of the pandemic and waning Delta strain.
Boyd Gaming Corporation's (NYSE:BYD) Intrinsic Value Is Potentially 57% Above Its Share Price
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Boyd Gaming...
Is Boyd Gaming (NYSE:BYD) A Risky Investment?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
|BYD||US Hospitality||US Market|
Return vs Industry: BYD exceeded the US Hospitality industry which returned 2.3% over the past year.
Return vs Market: BYD exceeded the US Market which returned 21.3% over the past year.
|BYD Average Weekly Movement||4.7%|
|Hospitality Industry Average Movement||6.5%|
|Market Average Movement||6.0%|
|10% most volatile stocks in US Market||15.0%|
|10% least volatile stocks in US Market||2.3%|
Stable Share Price: BYD is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: BYD's weekly volatility (5%) has been stable over the past year.
About the Company
Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of March 8, 2021, the company operated 28 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.
Boyd Gaming Fundamentals Summary
|BYD fundamental statistics|
Is BYD overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BYD income statement (TTM)|
|Cost of Revenue||US$832.85m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||3.89|
|Net Profit Margin||13.99%|
How did BYD perform over the long term?See historical performance and comparison
Is Boyd Gaming undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BYD ($61.03) is trading below our estimate of fair value ($101.86)
Significantly Below Fair Value: BYD is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BYD is good value based on its PE Ratio (15.7x) compared to the US Hospitality industry average (24x).
PE vs Market: BYD is good value based on its PE Ratio (15.7x) compared to the US market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: BYD is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: BYD is overvalued based on its PB Ratio (4.5x) compared to the US Hospitality industry average (3.3x).
How is Boyd Gaming forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BYD's forecast earnings growth (11.8% per year) is above the savings rate (2%).
Earnings vs Market: BYD's earnings (11.8% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: BYD's earnings are forecast to grow, but not significantly.
Revenue vs Market: BYD's revenue (3.9% per year) is forecast to grow slower than the US market (10.1% per year).
High Growth Revenue: BYD's revenue (3.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BYD's Return on Equity is forecast to be high in 3 years time (26.9%)
How has Boyd Gaming performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BYD has high quality earnings.
Growing Profit Margin: BYD became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: BYD's earnings have declined by 12.1% per year over the past 5 years.
Accelerating Growth: BYD has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: BYD has become profitable in the last year, making it difficult to compare its past year earnings growth to the Hospitality industry (79.7%).
Return on Equity
High ROE: Whilst BYD's Return on Equity (29%) is high, this metric is skewed due to their high level of debt.
How is Boyd Gaming's financial position?
Financial Position Analysis
Short Term Liabilities: BYD's short term assets ($717.3M) exceed its short term liabilities ($568.2M).
Long Term Liabilities: BYD's short term assets ($717.3M) do not cover its long term liabilities ($4.4B).
Debt to Equity History and Analysis
Debt Level: BYD's net debt to equity ratio (183.2%) is considered high.
Reducing Debt: BYD's debt to equity ratio has reduced from 323.9% to 221.1% over the past 5 years.
Debt Coverage: BYD's debt is well covered by operating cash flow (28.3%).
Interest Coverage: BYD's interest payments on its debt are well covered by EBIT (3.7x coverage).
What is Boyd Gaming current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BYD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BYD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BYD's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BYD's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: BYD is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BYD's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Keith Smith (60 yo)
Mr. Keith E. Smith serves as the President of Coast Casinos, Inc. Mr. Smith is Chief Executive Officer and President at Boyd Gaming Corporation since January 1, 2008 and March 31, 2005 respectively. Mr. Sm...
CEO Compensation Analysis
Compensation vs Market: Keith's total compensation ($USD2.97M) is below average for companies of similar size in the US market ($USD6.24M).
Compensation vs Earnings: Keith's compensation has been consistent with company performance over the past year.
Experienced Management: BYD's management team is seasoned and experienced (7.3 years average tenure).
Experienced Board: BYD's board of directors are considered experienced (9.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BYD insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Boyd Gaming Corporation's employee growth, exchange listings and data sources
- Name: Boyd Gaming Corporation
- Ticker: BYD
- Exchange: NYSE
- Founded: 1975
- Industry: Casinos and Gaming
- Sector: Consumer Services
- Market Cap: US$6.856b
- Shares outstanding: 112.35m
- Website: https://www.boydgaming.com
Number of Employees
- Boyd Gaming Corporation
- 3883 Howard Hughes Parkway
- Ninth Floor
- Las Vegas
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/11/28 23:05|
|End of Day Share Price||2021/11/26 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.