Boyd Gaming BYD
United StatesConsumer Cyclical · Resorts & CasinosUSD
96.00 USD (+37.4%)
16 analysts
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Boyd Gaming Corporation operates casinos and resorts in the United States, with a diversified business model that includes gaming properties in Las Vegas, the Midwest, and the South, as well as an online betting platform.
Key points
from its scores- ✓Attractive valuation7.5
- ✕Little or no dividend3.1
- ✕Weak growth3.8
- !Weak share-price trend5.3
AI analysis
bottom line, main risk, context and newsThe valuation is attractive but the business is not growing; wait for revenue growth to reaccelerate or for an improvement in momentum before buying.
Boyd Gaming trades at a P/E of 3.05 and EV/EBITDA of 6.82, with an ROE of 93.08% and an operating margin of 20.89%, but revenue growth is flat and earnings are down 4.90%, which explains the low growth score (3.81) and the market's discount (18th percentile in the 52-week range).
Stagnant revenue growth (0.00%) and falling earnings (-4.90%) in a cyclical consumer discretionary sector, which could persist if US consumer spending weakens.
Context and risks
No recent relevant news and no material exposure to current macro factors. Boyd Gaming's casino and resort business is domestic US consumer discretionary, with revenues concentrated in the US and no dependence on commodities, shipping routes, or significant external financing. The rise in long-term rates could affect the real estate sector in general, but Boyd's balance sheet (ND/EBITDA of 2.5x) and operating model do not make it a dominant factor.
Is Boyd Gaming stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 61% below the Consumer Cyclical median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 3.0 | 17.8 | −83% |
| EV / EBITDA | 6.8 | 11.2 | −39% |
| Price / book | 2.0 | 2.9 | −29% |
| Price / sales | 1.2 | 1.3 | −1% |
Sector: median of the 228 Consumer Cyclical companies analysed. In bold, the multiples used for the comparison.
Valuation score: 7.5 out of 10 (median for Consumer Cyclical: 6.6).
Average analyst target: 96.00 USD, +37.4% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 5.6 (sector 5.7), Growth 3.8 (sector 5.9).
Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Consumer Cyclical medianValuation
- P/E
- 3.0
- Forward P/E
- 9.0
- EV / EBITDA
- 6.8
- Price / book
- 2.0
- Price / sales
- 1.2
- PEG
- 3.03
- Market cap
- 5.1B USD
- Enterprise value
- 8.0B USD
Profitability
- ROE
- 93.1%
- ROA
- 7.8%
- ROIC (approx.)
- 14.9%
- Gross margin
- 59.1%
- Operating margin
- 20.9%
- Net margin
- 44.3%
- Free cash flow
- 284.0M USD
- FCF yield
- 5.6%
- Cash conversion
- 24%
Solvency
- Total debt
- 3.3B USD
- Net debt
- 2.9B USD
- Cash
- 323.6M USD
- EBITDA
- 1.2B USD
- Net debt / EBITDA
- 2.50
- Debt / equity
- 130.47
- Current ratio
- 0.77
- Quick ratio
- 0.65
Growth
- Revenue growth
- +0.0%
- Earnings growth
- −4.9%
- EPS (TTM)
- 22.91 USD
- EPS (forward)
- 7.77 USD
Dividend
- Dividend yield
- 1.1%
- Payout
- 3.3%
Risk and market
- Beta
- 1.13
- Analyst consensus
- Buy (16)
- Target price
- 96.00 USD
- 52-week range
- 65.00 – 91.41
Recent news
All BYD news →Compare it with its sector
All 228 in Consumer Cyclical →Frequently asked questions about Boyd Gaming
Is Boyd Gaming stock cheap or expensive?
On P/E and EV / EBITDA, it trades 61% below the Consumer Cyclical median on average. Valuation score: 7.5 out of 10 (median for Consumer Cyclical: 6.6). Average analyst target: 96.00 USD, +37.4% versus the price. This is not investment advice.
What score does Boyd Gaming get on MeridIAn Screener?
It scores 5.9 out of 10, rank 1,057 of 2,130 (better than 47% of the companies analysed). Its strongest category is Valuation (7.5) and its weakest, Dividend (3.1). Analysis of 08/10/2026.
What is Boyd Gaming's P/E ratio?
Its P/E is 3.0: the share price equals 3.0 times earnings per share over the last 12 months. The Consumer Cyclical median is 17.8. Based on the earnings analysts expect, the forward P/E is 9.0.
How much is Boyd Gaming worth on the stock market?
Its market capitalisation is 5.1B USD and its enterprise value, debt included, is 8.0B USD.
How much debt does Boyd Gaming have?
Its net debt (debt minus cash) is 2.9B USD. That is 2.50 times its EBITDA; the Consumer Cyclical median is 1.91.
Does Boyd Gaming pay a dividend?
Yes: its dividend yield is 1.15% and it pays out 3% of its earnings.
How has Boyd Gaming stock performed over the last year?
It has fallen 13.5% over the last year, excluding dividends. Over the last 52 weeks it has traded between 65.00 and 91.41 USD. Past performance does not guarantee future results.
What do analysts think of Boyd Gaming?
16 analysts cover it; their average recommendation is “Buy” and their average target is 96.00 USD (+37.4% versus the price). It is an estimate, not market data.