Boyd Gaming Stock Fair Value Calculation – BOYD GAMING Reports Profits for Second Quarter of FY2023

☀️Earnings Overview

On July 27 2023, BOYD GAMING ($NYSE:BYD) reported its earnings results for the second quarter of FY2023, ending on June 30 2023. Total revenue was USD 917.0 million, an increase of 2.5% from Q2 FY2022, and net income amounted to USD 192.4 million, a rise of 31.1% year over year.

Stock Price

The company opened at $72.0 and closed at $69.9, down by 2.9% from prior closing price of 72.0. The company plans to maintain a focus on cost containment while continuing to optimize its gaming operations and enhance customer experience. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Boyd Gaming. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Boyd Gaming. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Boyd Gaming. More…

Key Ratios Snapshot

Some of the financial key ratios for Boyd Gaming are shown below. More…

Analysis – Boyd Gaming Stock Fair Value Calculation

At GoodWhale, we have conducted an in-depth analysis of BOYD GAMING‘s financials and have come to the conclusion that the fair value of its shares is around $70.0. This value is calculated using our proprietary Valuation Line, which takes into account the company’s financial situation, market conditions, and other factors. Currently, BOYD GAMING shares are trading at approximately $69.9, which is a fair price for the current market conditions. We believe that investors can rest assured that the stock is currently priced fairly and can feel comfortable investing in it. More…

Peers

Boyd Gaming Corporation is an American gaming and hospitality company based in Paradise, Nevada. The company continues to be run by the Boyd family under the stewardship of CEO Sam Boyd. Boyd Gaming operates 29 gaming properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.

– Penn National Gaming Inc ($NASDAQ:PENN)

As of 2022, Penn National Gaming Inc has a market cap of 5.21B and a ROE of 16.23%. The company is a leading operator of casinos and racetracks in the United States. Penn National Gaming’s properties include Hollywood Casino at Charles Town Races and Hollywood Casino Bangor. The company also owns and operates the Argosy Casino in Alton, Illinois.

– Caesars Entertainment Inc ($NASDAQ:CZR)

Caesars Entertainment Inc is a gaming company. It has a market cap of 9.46B as of 2022 and a Return on Equity of 21.84%. The company owns and operates casinos and resorts. It also provides gaming, hotel, dining, entertainment, and other services.

– Ballys Corp ($NYSE:BALY)

Bally’s Corporation is a gaming and hospitality company that owns and operates casinos, hotels, and spas across the United States. The company has a market cap of 1B as of 2022 and a return on equity of 3.13%. Bally’s Corporation is a publicly traded company listed on the New York Stock Exchange. The company was founded in 1969 and is headquartered in Reno, Nevada.

Summary

Investors may be interested in BOYD GAMING’s second quarter performance of FY2023, with the company reporting total revenue of USD 917.0 million, up 2.5% from the same period in the previous year. Net income was USD 192.4 million, an increase of 31.1% year over year, and the results were reported on July 27 2023. This strong performance indicates a positive outlook for BOYD GAMING and may make the stock attractive to investors.

The company’s continued improvement in earnings could be indicative of a successful strategy and a stable future for the company. BOYD GAMING’s financial position is worth tracking for investors interested in the stock.