Obermatt

Boyd Gaming

NYQ:BYD · US1033041013
Hotels, Restaurants & LeisureLarge

360

79
EV / EBIT59
Price / Owner Earnings74
Owner Earnings Yield92
Dividend Yield63
Price/Sales46
EV / Gross Profit52
Price/Book52
Return on Capital65
Cash Return on Capital94
Return on Equity94
EBIT Margin71
Gross Profitability51
Cash Conversion7
Accruals41
Owner Earnings Margin94
Sales growth19
Profit Growth62
Long-Term EPS Growth55
Owner Earnings Growth100
Reinvestment77
Price momentum74
Debt load90
Refinancing49
Debt Payback61
Liquidity90
Analyst ratings25
Opinion Changes50
Price Target Upside20
Market mood63
Value Creation16/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Boyd Gaming generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryUSA
IndustryHotels, Restaurants & Leisure
SizeLarge
TypePublic Company
ExchangeNYSE
Founded1988
Employees1,818
ISINUS1033041013
Last UpdateApr 2, 2026
Themes
Entertainment SystemsOnline PaymentsCasinoGamblingGaming

Description

Boyd Gaming Corporation operates as a multi-jurisdictional gaming company. The company operates 27 brick-and-mortar gaming entertainment properties (gaming entertainment properties) in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi,…

Analysis

Middle-of-the-road

Boyd Gaming Corporation is a middle-of-the-road business: neither the economics nor the price stand out from the peer group. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is attractive. You pay 4.0× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone. At today's price, the market is assuming roughly -17% yearly growth; analysts expect 6%. The price, in other words, assumes less than the experts do.

The trajectory is moderate and the balance sheet is adequate. The company scores 16/20 on our value-creation score: strong value creator.

What to watch: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
85
2023202420252026

All-time high

100

Jan 2025

All-time low

65

Jan 2024

Average rank

88

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
46
37
35
46
Price/Earnings
66
85
95
95
Price/Book
52
40
45
46
Dividend Yield
63
68
76
81
Value (overall)
75
86
88
93

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →