BYD Stock Analysis: Boyd Gaming | NYSE
Resorts & Casinos | NYSE, USA | Market Cap: 6.407m USD | 12M Return: 8.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 73.1M
EPS Trend: 83.9%
Qual. Beats: -1
Rev. Trend: 98.5%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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 that owns and operates casinos across the United States, with a presence in Canada. Founded in 1975 and headquartered in Las Vegas, Nevada, the company reports through four operating segments: Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online. In addition to its land-based casino portfolio, Boyd Gaming runs Boyd Interactive, an online real-money gaming business, and operates a travel agency that complements its hospitality offerings. Originally named The Boyd Group, the company adopted its current name in April 1993.
The U.S. casino and gaming industry is regulated on a state-by-state (and in some cases tribal or provincial) basis, which is why operators like Boyd structure themselves across multiple licensed jurisdictions. The Las Vegas Locals segment specifically targets regional residents rather than tourist traffic, distinguishing it from the Strip-oriented resort operators.
- FanDuel partnership accelerates Boyd Interactive online gaming revenue growth
- Las Vegas Locals segment margins pressured by consumer spending slowdown
- Midwest & South segment expands with new casino property investments
| Net Income: 1.84b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -3.20 > 1.0 |
| NWC/Revenue: -8.61% < 20% (prev -3.23%; Δ -5.38% < -1%) |
| CFO/TA 0.13 > 3% & CFO 854.6m > Net Income 1.84b |
| Net Debt (3.20b) to EBITDA (2.78b): 1.15 < 3 |
| Current Ratio: 0.60 > 1.5 & < 3 |
| Outstanding Shares: last quarter (76.8m) vs 12m ago -9.82% < -2% |
| Gross Margin: 39.47% > 18% (prev 51.96%; Δ -12.49% > 0.5%) |
| Asset Turnover: 62.65% > 50% (prev 61.23%; Δ 1.41% > 0%) |
| Interest Coverage Ratio: 17.81 > 6 (EBIT TTM 2.45b / Interest Expense TTM 137.7m) |
| A: -0.05 (Total Current Assets 530.0m - Total Current Liabilities 883.0m) / Total Assets 6.61b |
| B: 0.38 (Retained Earnings 2.54b / Total Assets 6.61b) |
| C: 0.37 (EBIT TTM 2.45b / Avg Total Assets 6.54b) |
| D: 0.62 (Book Value of Equity 2.53b / Total Liabilities 4.08b) |
| Altman-Z'' = 4.07 = AA |
| DSRI: 0.69 (Receivables 78.7m/110.0m, Revenue 4.10b/3.96b) |
| GMI: 1.32 (GM 51.96% / 39.47%) |
| AQI: 0.98 (AQ_t 0.38 / AQ_t-1 0.39) |
| SGI: 1.03 (Revenue 4.10b / 3.96b) |
| TATA: 0.15 (NI 1.84b - CFO 854.6m) / TA 6.61b) |
| Beneish M = -2.97 (Cap -4..+1) = A |
As of July 16, 2026, the stock is trading at USD 87.64 with a total of 890,994 shares traded. Over the past week, the price has changed by +0.92%, over one month by -0.03%, over three months by +2.16% and over the past year by +8.40%.
Current recommended Stop Loss: 83.30 (which is 5% or 2 ATR below the current price).
Boyd Gaming has received a consensus analysts rating of 3.65. Therefore, it is recommended to hold BYD.
- StrongBuy: 5
- Buy: 1
- Hold: 11
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 93.9 | 7.2% |
P/E Trailing = 3.8108
P/E Forward = 11.1982
P/S = 1.5636
P/B = 2.5261
P/EG = 3.0267
Revenue TTM = 4.10b USD
EBIT TTM = 2.45b USD
EBITDA TTM = 2.78b USD
Long Term Debt = 2.27b USD (from longTermDebt, last quarter)
Short Term Debt = 112.9m USD (from shortTermDebt, last quarter)
Debt = 3.57b USD (from shortLongTermDebtTotal, last quarter) + Leases 649.6m
Net Debt = 3.20b USD (calculated: Debt 3.57b - CCE 372.7m)
Enterprise Value = 9.61b USD (6.41b + Debt 3.57b - CCE 372.7m)
Interest Coverage Ratio = 17.81 (Ebit TTM 2.45b / Interest Expense TTM 137.7m)
EV/FCF = 34.17x (Enterprise Value 9.61b / FCF TTM 281.1m)
FCF Yield = 2.93% (FCF TTM 281.1m / Enterprise Value 9.61b)
FCF Margin = 6.86% (FCF TTM 281.1m / Revenue TTM 4.10b)
Net Margin = 44.84% (Net Income TTM 1.84b / Revenue TTM 4.10b)
Gross Margin = 39.47% ((Revenue TTM 4.10b - Cost of Revenue TTM 2.48b) / Revenue TTM)
Gross Margin QoQ = 39.82% (prev 19.30%)
Tobins Q-Ratio = 1.45 (Enterprise Value 9.61b / Total Assets 6.61b)
Interest Expense / Debt = 3.85% (Interest Expense 137.7m / Debt 3.57b)
Taxrate = 20.83% (482.2m / 2.31b)
NOPAT = 1.94b (EBIT 2.45b * (1 - 20.83%))
Current Ratio = 0.60 (Total Current Assets 530.0m / Total Current Liabilities 883.0m)
Debt / Equity = 1.41 (Debt 3.57b / totalStockholderEquity, last quarter 2.53b)
Debt / EBITDA = 1.15 (Net Debt 3.20b / EBITDA 2.78b)
Debt / FCF = 11.38 (Net Debt 3.20b / FCF TTM 281.1m)
Total Stockholder Equity = 2.30b (last 4 quarters mean from totalStockholderEquity)
RoA = 28.09% (Net Income 1.84b / Total Assets 6.61b)
RoE = 79.86% (Net Income TTM 1.84b / Total Stockholder Equity 2.30b)
RoCE = 53.63% (EBIT 2.45b / Capital Employed (Equity 2.30b + L.T.Debt 2.27b))
RoIC = 34.43% (NOPAT 1.94b / Invested Capital 5.64b)
WACC = 6.73% (E(6.41b)/V(9.98b) * Re(8.78%) + D(3.57b)/V(9.98b) * Rd(3.85%) * (1-Tc(0.21)))
Discount Rate = 8.78% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -99.49 | Cagr: -10.68%
[DCF] Terminal Value 73.10% ; FCFF base≈361.5m ; Y1≈317.0m ; Y5≈256.1m
[DCF] Fair Price = 12.28 (EV 4.11b - Net Debt 3.20b = Equity 912.9m / Shares 74.3m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 83.93 | EPS CAGR: 6.77% | SUE: -1.07 | # QB: -1
Revenue Correlation: 98.51 | Revenue CAGR: 4.58% | SUE: -0.12 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.90 | Chg30d=+0.80% | Revisions=-31% | Analysts=15
EPS next Quarter (2026-09-30): EPS=1.69 | Chg30d=-1.82% | Revisions=-31% | Analysts=15
EPS current Year (2026-12-31): EPS=7.15 | Chg30d=-0.66% | Revisions=-44% | GrowthEPS=-3.4% | GrowthRev=+1.1%
EPS next Year (2027-12-31): EPS=7.85 | Chg30d=+0.29% | Revisions=-27% | GrowthEPS=+9.7% | GrowthRev=+2.4%
[Analyst] Revisions Ratio: -39% (up=15, down=36)