Boyd Gaming Corporation
Boyd Gaming Corporation Fundamental Analysis
Boyd Gaming Corporation (BYD) shows strong financial fundamentals with a PE ratio of 3.56, profit margin of 45.02%, and ROE of 91.88%. The company generates $4.1B in annual revenue with moderate year-over-year growth of 5.13%.
Key Strengths
Areas of Concern
The stock receives a Fundamental Health Score of 67.8/100 based on profitability, valuation, growth, and balance sheet metrics. The C+ grade reflects average fundamentals, with notable risks in certain areas.
Fundamental Health Score
We analyze BYD's fundamental strength across five key dimensions:
Efficiency Score
ExcellentBYD demonstrates superior asset utilization.
Valuation Score
ExcellentBYD trades at attractive valuation levels.
Growth Score
ModerateBYD shows steady but slowing expansion.
Financial Health Score
ModerateBYD shows balanced financial health with some risks.
Profitability Score
ExcellentBYD achieves industry-leading margins.
Key Financial Metrics
Is BYD Expensive or Cheap?
P/E Ratio
BYD trades at 3.56 times earnings. This suggests potential undervaluation.
PEG Ratio
When adjusting for growth, BYD's PEG of -6.26 indicates potential undervaluation.
Price to Book
The market values Boyd Gaming Corporation at 2.51 times its book value. This may indicate undervaluation.
EV/EBITDA
Enterprise value stands at 2.46 times EBITDA. This is generally considered low.
How Well Does BYD Make Money?
Net Profit Margin
For every $100 in sales, Boyd Gaming Corporation keeps $45.02 as profit after all expenses.
Operating Margin
Core operations generate 21.43 in profit for every $100 in revenue, before interest and taxes.
ROE
Management delivers $91.88 in profit for every $100 of shareholder equity.
ROA
Boyd Gaming Corporation generates $28.02 in profit for every $100 in assets, demonstrating efficient asset deployment.
Following the Money - Real Cash Generation
Operating Cash Flow
Boyd Gaming Corporation produces operating cash flow of $696.99M, showing steady but balanced cash generation.
Free Cash Flow
Boyd Gaming Corporation produces free cash flow of $259.86M, offering steady but limited capital for shareholder returns and expansion.
FCF Per Share
Each share generates $3.33 in free cash annually.
FCF Yield
BYD converts 4.01% of its market value into free cash.
Financial Ratios Analysis
Valuation Ratios
P/E Ratio
Price to earnings ratio
3.56
vs 25 benchmark
PEG Ratio
Price/earnings to growth ratio
-6.26
vs 25 benchmark
P/B Ratio
Price to book value ratio
2.51
vs 25 benchmark
P/S Ratio
Price to sales ratio
1.59
vs 25 benchmark
Financial Health
Debt/Equity
Total debt to shareholders' equity
0.00
vs 25 benchmark
Current Ratio
Current assets to current liabilities
0.54
vs 25 benchmark
Efficiency Ratios
ROE
Return on equity percentage
0.92
vs 25 benchmark
ROA
Return on assets percentage
0.28
vs 25 benchmark
ROCE
Return on capital employed
0.16
vs 25 benchmark
How BYD Stacks Against Its Sector Peers
| Metric | BYD Value | Sector Average | Performance |
|---|---|---|---|
| P/E Ratio | 3.56 | 24.85 | Better (Cheaper) |
| ROE | 91.88% | 1165.00% | Weak |
| Net Margin | 45.02% | 749.00% | Weak |
| Debt/Equity | 0.00 | 0.76 | Strong (Low Leverage) |
| Current Ratio | 0.54 | 9.23 | Weak Liquidity |
| ROA | 28.02% | 1271.00% | Weak |
BYD outperforms its industry in 2 out of 6 key metrics, but lagging in ROE.
Historical Growth Performance
5-Year Growth Trajectory
This section reviews Boyd Gaming Corporation's 5-year compound annual growth rate (CAGR) and compares its performance against the typical investment style of its industry.
Revenue CAGR
43.69%
Industry Style: Cyclical, Growth, Discretionary
High GrowthEPS CAGR
345.85%
Industry Style: Cyclical, Growth, Discretionary
High GrowthFCF CAGR
112.00%
Industry Style: Cyclical, Growth, Discretionary
High Growth