BOYD GAMING CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 50.36 USD | -2.70% |
|
-8.65% | -19.57% |
| May. 21 | Raymond James Initiates Boyd Gaming With Outperform Rating, $67 Price Target | MT |
| May. 13 | Boyd Gaming Approves $500 Million Share Repurchase Program | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,328 | 4,787 | 7,367 | 5,692 | 6,127 | 4,911 | - | - |
| Enterprise Value (EV) 1 | 6,844 | 8,166 | 10,054 | 8,458 | 8,738 | 7,546 | 7,531 | 7,517 |
| P/E ratio | 21.7 x | -36.1 x | 16.1 x | 9.29 x | 10.2 x | 8.48 x | 7.61 x | 7.1 x |
| Yield | 0.9% | - | - | 1.1% | 1.02% | 1.32% | 1.34% | 1.35% |
| Capitalization / Revenue | 1 x | 2.2 x | 2.19 x | 1.6 x | 1.64 x | 1.32 x | 1.3 x | 1.28 x |
| EV / Revenue | 2.06 x | 3.75 x | 2.98 x | 2.38 x | 2.34 x | 2.03 x | 2 x | 1.96 x |
| EV / EBITDA | 8.57 x | 16.1 x | 7.97 x | 6.59 x | 6.79 x | 6.27 x | 6.2 x | 6.14 x |
| EV / FCF | 18.4 x | 71.6 x | 12.4 x | 12 x | 16.2 x | 14.6 x | 13.2 x | 13.4 x |
| FCF Yield | 5.45% | 1.4% | 8.07% | 8.36% | 6.19% | 6.86% | 7.57% | 7.49% |
| Price to Book | 2.64 x | 4.26 x | 4.85 x | 3.52 x | 3.48 x | 2.56 x | 2.25 x | 1.95 x |
| Nbr of stocks (in thousands) | 111,165 | 111,540 | 112,346 | 104,375 | 97,862 | 94,877 | - | - |
| Reference price 2 | 29.94 | 42.92 | 65.57 | 54.53 | 62.61 | 50.36 | 50.36 | 50.36 |
| Announcement Date | 2/20/20 | 2/16/21 | 2/3/22 | 2/2/23 | 2/8/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,326 | 2,178 | 3,370 | 3,555 | 3,738 | 3,726 | 3,772 | 3,833 |
| EBITDA 1 | 799 | 508 | 1,261 | 1,284 | 1,286 | 1,204 | 1,215 | 1,225 |
| EBIT 1 | 472.6 | 189 | 900.1 | 981.2 | 901.8 | 901.8 | 912.1 | 915.5 |
| Operating Margin | 14.21% | 8.67% | 26.71% | 27.6% | 24.12% | 24.21% | 24.18% | 23.89% |
| Earnings before Tax (EBT) 1 | 202.1 | -171 | 603.9 | 828.8 | 752.9 | 739.4 | 764.2 | 828.8 |
| Net income 1 | 157.6 | -134.7 | 463.8 | 639.4 | 620 | 571.3 | 590.4 | 638.1 |
| Net margin | 4.74% | -6.18% | 13.76% | 17.98% | 16.58% | 15.33% | 15.65% | 16.65% |
| EPS 2 | 1.380 | -1.190 | 4.070 | 5.870 | 6.120 | 5.935 | 6.618 | 7.090 |
| Free Cash Flow 1 | 372.9 | 114 | 811 | 707 | 540.6 | 517.7 | 569.8 | 563 |
| FCF margin | 11.21% | 5.23% | 24.07% | 19.88% | 14.46% | 13.9% | 15.11% | 14.69% |
| FCF Conversion (EBITDA) | 46.67% | 22.44% | 64.3% | 55.06% | 42.02% | 43% | 46.91% | 45.97% |
| FCF Conversion (Net income) | 236.54% | - | 174.83% | 110.57% | 87.18% | 90.61% | 96.51% | 88.23% |
| Dividend per Share 2 | 0.2700 | - | - | 0.6000 | 0.6400 | 0.6671 | 0.6757 | 0.6800 |
| Announcement Date | 2/20/20 | 2/16/21 | 2/3/22 | 2/2/23 | 2/8/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 879.8 | 860.7 | 894.4 | 877.3 | 922.9 | 964 | 917 | 903.2 | 954.4 | 960.5 | 908.8 | 899.4 | 952.5 | 986.2 | 928.3 |
| EBITDA 1 | 321 | 312.5 | 327.2 | 310.9 | 333.3 | 340.3 | 324.3 | 293.6 | 328.2 | 303.3 | 299.9 | 284.5 | 314.2 | 312.5 | 308.2 |
| EBIT 1 | 216.9 | 251.1 | 245.1 | 237.5 | 247.6 | 284.9 | 244 | 217.9 | 155.1 | 219.4 | 225.4 | 211.3 | 240 | 236.8 | 230.2 |
| Operating Margin | 24.65% | 29.17% | 27.4% | 27.07% | 26.83% | 29.55% | 26.61% | 24.12% | 16.25% | 22.84% | 24.8% | 23.49% | 25.19% | 24.01% | 24.8% |
| Earnings before Tax (EBT) 1 | 145.3 | 210.8 | 188.8 | 203.4 | 225.8 | 259.1 | 203.5 | 177.1 | 113.2 | 177.5 | 189.4 | 174.3 | 204.1 | 202.1 | 193.2 |
| Net income 1 | 109.8 | 162.9 | 146.8 | 157 | 172.7 | 199.7 | 192.5 | 135.2 | 92.6 | 136.5 | 143.7 | 132.4 | 155.5 | 151.5 | 148.4 |
| Net margin | 12.48% | 18.93% | 16.41% | 17.9% | 18.71% | 20.72% | 20.99% | 14.97% | 9.7% | 14.21% | 15.81% | 14.73% | 16.33% | 15.36% | 15.99% |
| EPS 2 | 0.9600 | 1.450 | 1.330 | 1.460 | 1.630 | 1.930 | 1.890 | 1.340 | 0.9400 | 1.400 | 1.482 | 1.394 | 1.673 | 1.660 | 1.647 |
| Dividend per Share 2 | - | 0.1500 | 0.1500 | 0.1500 | 0.1500 | 0.1600 | 0.1600 | 0.1600 | 0.1600 | - | 0.1700 | 0.1680 | 0.1700 | 0.1700 | 0.1700 |
| Announcement Date | 2/3/22 | 4/26/22 | 7/26/22 | 10/25/22 | 2/2/23 | 4/25/23 | 7/27/23 | 10/24/23 | 2/8/24 | 4/25/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 3,516 | 3,378 | 2,687 | 2,766 | 2,611 | 2,635 | 2,620 | 2,606 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.401 x | 6.65 x | 2.13 x | 2.154 x | 2.03 x | 2.189 x | 2.157 x | 2.128 x |
| Free Cash Flow 1 | 373 | 114 | 811 | 707 | 541 | 518 | 570 | 563 |
| ROE (net income / shareholders' equity) | 16.9% | -1.47% | 43.9% | 40.9% | 38.4% | 31.8% | 28.7% | 22.8% |
| ROA (Net income/ Total Assets) | 3.28% | -0.27% | 9.14% | 10.2% | 10.2% | 13.2% | 12.6% | - |
| Assets 1 | 4,803 | 50,696 | 5,075 | 6,268 | 6,097 | 4,339 | 4,687 | - |
| Book Value Per Share 2 | 11.30 | 10.10 | 13.50 | 15.50 | 18.00 | 19.70 | 22.40 | 25.90 |
| Cash Flow per Share 2 | 5.090 | 2.550 | 8.860 | 8.950 | 9.020 | 7.700 | 8.780 | - |
| Capex 1 | 208 | 175 | 199 | 269 | 374 | 432 | 380 | 349 |
| Capex / Sales | 6.24% | 8.03% | 5.92% | 7.57% | 10% | 11.58% | 10.08% | 9.11% |
| Announcement Date | 2/20/20 | 2/16/21 | 2/3/22 | 2/2/23 | 2/8/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
50.36
USD
Average target price
69.79
USD
Spread / Average Target
+38.57%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -19.57% | 4.91B | |
| +6.28% | 36.27B | |
| -4.84% | 23.29B | |
| -10.29% | 21.72B | |
| -14.75% | 20.01B | |
| +3.86% | 19.74B | |
| +9.95% | 19B | |
| -2.93% | 9.78B | |
| +2.69% | 7.41B | |
| -29.05% | 7.28B |
- Stock Market
- Equities
- BYD Stock
- Financials Boyd Gaming Corporation
