BYD Stock Analysis: Boyd Gaming | NYSE
Resorts & Casinos | NYSE, USA | Market Cap: 5.064m USD | 12M Return: -12.6% | US1033041013 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 80.8M
EPS Trend: 92.3%
Qual. Beats: 0
Rev. Trend: 97.7%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Boyd Gaming Corporation (NYSE: BYD) is a multi-jurisdictional gaming company headquartered in Las Vegas, Nevada, operating casinos and related businesses across the United States and Canada. The company reports through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments, encompassing land-based casino properties, Boyd Interactive (its online casino gaming business), and a travel agency. The company was founded in 1975 and adopted its current name in April 1993.
Boyd operates within the highly regulated U.S. casino and gaming industry, where commercial gaming is licensed on a state-by-state basis, requiring operators to maintain compliance across multiple jurisdictions. The inclusion of an Online segment (Boyd Interactive) reflects the broader industry shift toward iGaming and digital wagering as complementary revenue channels alongside traditional brick-and-mortar casinos.
- Las Vegas Locals segment revenue growth drives consolidated EBITDA
- Boyd Interactive online gaming expands amid state iGaming legalization
- Midwest and South regional markets face increased gaming competition
| Net Income: 1.82b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -6.55 > 1.0 |
| NWC/Revenue: -3.44% < 20% (prev -2.20%; Δ -1.24% < -1%) |
| CFO/TA 0.09 > 3% & CFO 626.1m > Net Income 1.82b |
| Net Debt (3.58b) to EBITDA (2.76b): 1.30 < 3 |
| Current Ratio: 0.77 > 1.5 & < 3 |
| Outstanding Shares: last quarter (74.8m) vs 12m ago -9.10% < -2% |
| Gross Margin: 37.07% > 18% (prev 51.60%; Δ -14.53% > 0.5%) |
| Asset Turnover: 61.88% > 50% (prev 61.39%; Δ 0.49% > 0%) |
| Interest Coverage Ratio: 20.33 > 6 (EBIT TTM 2.41b / Interest Expense TTM 118.5m) |
| A: -0.02 (Total Current Assets 482.4m - Total Current Liabilities 623.4m) / Total Assets 6.68b |
| B: 0.37 (Retained Earnings 2.50b / Total Assets 6.68b) |
| C: 0.36 (EBIT TTM 2.41b / Avg Total Assets 6.62b) |
| D: 0.60 (Book Value of Equity 2.50b / Total Liabilities 4.19b) |
| Altman-Z'' = 4.15 = AA |
| DSRI: 0.56 (Receivables 78.8m/137.5m, Revenue 4.10b/4.03b) |
| GMI: 1.39 (GM 51.60% / 37.07%) |
| AQI: 1.00 (AQ_t 0.38 / AQ_t-1 0.39) |
| SGI: 1.02 (Revenue 4.10b / 4.03b) |
| TATA: 0.18 (NI 1.82b - CFO 626.1m) / TA 6.68b) |
| Beneish M = -3.00 (Cap -4..+1) = AA |
As of October 22, 2026, the stock is trading at USD 70.61 with a total of 1,177,125 shares traded. Over the past week, the price has changed by +1.65%, over one month by -1.32%, over three months by -18.56% and over the past year by -12.59%.
Current recommended Stop Loss: 67.10 (which is 5% or 1.9 ATR below the current price).
Boyd Gaming has received a consensus analysts rating of 3.74. Therefore, it is recommended to hold BYD.
- StrongBuy: 7
- Buy: 0
- Hold: 12
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 93.9 | 33% |
P/E Trailing = 3.0423
P/E Forward = 8.3822
P/S = 1.2357
P/B = 2.0845
P/EG = 3.0267
Revenue TTM = 4.10b USD
EBIT TTM = 2.41b USD
EBITDA TTM = 2.76b USD
Long Term Debt = 2.61b USD (from longTermDebt, last quarter)
Short Term Debt = 119.5m USD (from shortTermDebt, last quarter)
Debt = 3.90b USD (from shortLongTermDebtTotal, last quarter) + Leases 644.5m
Net Debt = 3.58b USD (calculated: Debt 3.90b - CCE 322.7m)
Enterprise Value = 8.64b USD (5.06b + Debt 3.90b - CCE 322.7m)
Interest Coverage Ratio = 20.33 (Ebit TTM 2.41b / Interest Expense TTM 118.5m)
EV/FCF = 246.5x (Enterprise Value 8.64b / FCF TTM 35.1m)
FCF Yield = 0.41% (FCF TTM 35.1m / Enterprise Value 8.64b)
FCF Margin = 0.86% (FCF TTM 35.1m / Revenue TTM 4.10b)
Net Margin = 44.34% (Net Income TTM 1.82b / Revenue TTM 4.10b)
Gross Margin = 37.07% ((Revenue TTM 4.10b - Cost of Revenue TTM 2.58b) / Revenue TTM)
Gross Margin QoQ = 41.48% (prev 39.82%)
Tobins Q-Ratio = 1.29 (Enterprise Value 8.64b / Total Assets 6.68b)
Interest Expense / Debt = 3.04% (Interest Expense 118.5m / Debt 3.90b)
Taxrate = 20.95% (480.1m / 2.29b)
NOPAT = 1.90b (EBIT 2.41b * (1 - 20.95%))
Current Ratio = 0.77 (Total Current Assets 482.4m / Total Current Liabilities 623.4m)
Debt / Equity = 1.56 (Debt 3.90b / totalStockholderEquity, last quarter 2.50b)
Debt / EBITDA = 1.30 (Net Debt 3.58b / EBITDA 2.76b)
Debt / FCF = 102.1 (Net Debt 3.58b / FCF TTM 35.1m)
Total Stockholder Equity = 2.58b (last 4 quarters mean from totalStockholderEquity)
RoA = 27.44% (Net Income 1.82b / Total Assets 6.68b)
RoE = 70.49% (Net Income TTM 1.82b / Total Stockholder Equity 2.58b)
RoCE = 46.40% (EBIT 2.41b / Capital Employed (Equity 2.58b + L.T.Debt 2.61b))
RoIC = 31.87% (NOPAT 1.90b / Invested Capital 5.98b)
WACC = 5.09% (E(5.06b)/V(8.97b) * Re(7.17%) + D(3.90b)/V(8.97b) * Rd(3.04%) * (1-Tc(0.21)))
Discount Rate = 7.17% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -99.30 | Cagr: -11.09%
[DCF] Terminal Value 73.10% ; FCFF base≈206.6m ; Y1≈181.2m ; Y5≈146.4m
[DCF] Fair Price = N/A (negative equity: EV 2.35b - Net Debt 3.58b = -1.23b; debt exceeds intrinsic value)
EPS Correlation: 92.32 | EPS CAGR: 8.25% | SUE: 0.63 | # QB: 0
Revenue Correlation: 97.70 | Revenue CAGR: 4.40% | SUE: -0.09 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.65 | Chg30d=-1.20% | Revisions=-39% | Analysts=16
EPS current Year (2026-12-31): EPS=7.08 | Chg30d=-0.33% | Revisions=-17% | GrowthEPS=-4.3% | GrowthRev=+0.0%
EPS next Year (2027-12-31): EPS=7.64 | Chg30d=-1.63% | Revisions=-17% | GrowthEPS=+7.9% | GrowthRev=+2.2%
[Analyst] Revisions Ratio: -31% (up=11, down=22)