Boyd Gaming Corp. BYD
Hotels/Resorts · IPO 1993 · data as of November 13, 2026
Boyd Gaming Corp. (BYD) is a consumer discretionary company listed in the US with a market value of about $5.5B. In the twelve months to September 30, 2026 it had revenue of $4.1B and net income of $502M, a net margin of 12.3%.
Its overall Stock Analiz score is 2.4 out of 5 (weak). The strongest part is track record (4/5); the weakest is financial health (0/5).
Key numbers: a P/E of 11.3, 5-year revenue growth of 13% a year, a 5-year average ROIC of 13%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 29% above the current price.
Score: 2.4 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- Price below intrinsic value (DCF, moderate assumptions)
- Profit margin improving
- 5-year revenue growth above 8% a year
- 5-year average ROIC above 12%
- Profitable 5 years in a row
- ROE above 15%
Checks not passed
- P/FCF below 20
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
- More cash than debt, or low debt to equity
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.1B | $4.1B | $3.9B | $3.7B | $3.6B | $3.4B | $2.2B | $3.3B | $2.6B | $2.4B | $2.2B |
| Net income | $502M | $1.8B | $578M | $620M | $639M | $464M | -$135M | $158M | $115M | $189M | $420M |
| Free cash flow | -$16M | $388M | $557M | $541M | $707M | $811M | $114M | $341M | $273M | $232M | $140M |
| EPS (diluted) | $6.81 | $7.52 | $2.06 | $2.04 | $1.96 | $1.36 | $-0.40 | $0.46 | $0.33 | $0.55 | $1.22 |
| Net margin | 12.3% | 45.1% | 14.7% | 16.6% | 18.0% | 13.8% | -6.2% | 4.7% | 4.4% | 7.9% | 19.1% |
| ROIC | — | 11.1% | 12.9% | 13.6% | 13.8% | 12.6% | 0.2% | 6.3% | 5.1% | 8.1% | 5.0% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 16 analysts is $87.44, 13% above the current price; targets range from $75.00 to $107.00; the consensus rating is “Buy”; expected EPS is $7.05 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Boyd Gaming’s P/E ratio?
About 11.3, based on the last twelve months of diluted earnings per share (forward P/E about 10.5).
Is Boyd Gaming stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 29% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Boyd Gaming pay a dividend?
Yes. The dividend yield is about 1.03%, and it has paid dividends for 8 years in our data.
Is Boyd Gaming a good stock to buy?
We do not give buy or sell advice. Boyd Gaming scores 2.4 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.