BYD Valuation

Boyd Gaming Corp

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83.460

+0.16(0.192%)1D

Overview
Forecast
Valuation
Earnings

BYD Relative Valuation

BYD's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, BYD is overvalued; if below, it's undervalued.

Historical Valuation

Boyd Gaming Corp (BYD) is now in the Undervalued zone, suggesting that its current forward PE ratio of 11.18 is considered Undervalued compared with the five-year average of 11.13. The fair price of Boyd Gaming Corp (BYD) is between 91.33 to 117.97 according to relative valuation methord. Compared to the current price of 83.42 USD , Boyd Gaming Corp is Undervalued By 8.67%.

Relative Value

Fair Zone

91.33-117.97

Current Price：83.42

8.67%

Undervalued

11.21

Trailing

Forward

8.87

EV/EBITDA

Boyd Gaming Corp. (BYD) has a current EV/EBITDA of 8.87. The 5-year average EV/EBITDA is 8.27. The thresholds are as follows: Strongly Undervalued below 6.56, Undervalued between 6.56 and 7.42, Fairly Valued between 9.12 and 7.42, Overvalued between 9.12 and 9.97, and Strongly Overvalued above 9.97. The current Forward EV/EBITDA of 8.87 falls within the Historic Trend Line -Fairly Valued range.

12.26

EV/EBIT

Boyd Gaming Corp. (BYD) has a current EV/EBIT of 12.26. The 5-year average EV/EBIT is 11.10. The thresholds are as follows: Strongly Undervalued below 8.43, Undervalued between 8.43 and 9.77, Fairly Valued between 12.44 and 9.77, Overvalued between 12.44 and 13.77, and Strongly Overvalued above 13.77. The current Forward EV/EBIT of 12.26 falls within the Historic Trend Line -Fairly Valued range.

1.87

Boyd Gaming Corp. (BYD) has a current PS of 1.87. The 5-year average PS is 1.73. The thresholds are as follows: Strongly Undervalued below 1.23, Undervalued between 1.23 and 1.48, Fairly Valued between 1.98 and 1.48, Overvalued between 1.98 and 2.24, and Strongly Overvalued above 2.24. The current Forward PS of 1.87 falls within the Historic Trend Line -Fairly Valued range.

7.32

P/OCF

Boyd Gaming Corp. (BYD) has a current P/OCF of 7.32. The 5-year average P/OCF is 7.06. The thresholds are as follows: Strongly Undervalued below 5.11, Undervalued between 5.11 and 6.09, Fairly Valued between 8.04 and 6.09, Overvalued between 8.04 and 9.02, and Strongly Overvalued above 9.02. The current Forward P/OCF of 7.32 falls within the Historic Trend Line -Fairly Valued range.

13.68

P/FCF

Boyd Gaming Corp. (BYD) has a current P/FCF of 13.68. The 5-year average P/FCF is 10.86. The thresholds are as follows: Strongly Undervalued below 6.56, Undervalued between 6.56 and 8.71, Fairly Valued between 13.02 and 8.71, Overvalued between 13.02 and 15.17, and Strongly Overvalued above 15.17. The current Forward P/FCF of 13.68 falls within the Overvalued range.

Boyd Gaming Corp (BYD) has a current Price-to-Book (P/B) ratio of 4.81. Compared to its 3-year average P/B ratio of 3.79 , the current P/B ratio is approximately 26.97% higher. Relative to its 5-year average P/B ratio of 4.14, the current P/B ratio is about 16.42% higher. Boyd Gaming Corp (BYD) has a Forward Free Cash Flow (FCF) yield of approximately 6.95%. Compared to its 3-year average FCF yield of 9.27%, the current FCF yield is approximately -25.02% lower. Relative to its 5-year average FCF yield of 8.84% , the current FCF yield is about -21.42% lower.

4.82

P/B

Median3y

3.79

Median5y

4.14

6.95

FCF Yield

Median3y

9.27

Median5y

8.84

Competitors Valuation Multiple

The average P/S ratio for BYD's competitors is , providing a benchmark for relative valuation. Boyd Gaming Corp Corp (BYD) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of 6.87%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Caesars Entertainment Inc

Rush Street Interactive Inc

MGM Resorts International

Loss

2.07%

9.39B

Performance Decomposition

Market capitalization of BYD increased by 29.76% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 10.53 to 12.88.

The secondary factor is the Revenue Growth, contributed 6.87%to the performance.

Overall, the performance of BYD in the past 1 year is driven by P/E Change. Which is more unsustainable.

6.87%

967.51M → 1.03B

Revenue Growth

0.62%

14.45 → 14.54

Margin Expansion

22.27%

10.53 → 12.88

P/E Change

29.76%