Boyd Gaming Intrinsic Stock Value – Boyd Gaming: Strong Las Vegas Operations, Expansion Plans & igaming Potential Make Stock a Must-Keep for Investors

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Boyd Gaming ($NYSE:BYD) Corporation, commonly known as Boyd Gaming, is a leading gaming and hospitality company based in Las Vegas, Nevada. One of the main reasons why investors should hold onto Boyd Gaming stock is its strong operations in Las Vegas, one of the largest and most lucrative gaming markets in the world. The company owns and operates nine properties in the Las Vegas Valley, including the iconic Fremont Hotel and Casino and the Orleans Hotel and Casino. These properties have consistently performed well and have helped Boyd Gaming maintain its position as a leader in the Las Vegas gaming market. In addition to its strong presence in Las Vegas, Boyd Gaming also has expansion plans in place that are expected to drive future growth. The company recently completed a major renovation of its Delta Downs Racetrack Casino Hotel in Louisiana, which has already shown promising results. Furthermore, Boyd Gaming is currently working on various expansion projects, including the development of a new resort casino in Elk Grove, California, and a major expansion of its IP Casino Resort Spa in Biloxi, Mississippi. These projects are expected to increase the company’s footprint and further strengthen its position in the gaming industry. Moreover, Boyd Gaming has also recognized the potential of igaming and is taking steps to capitalize on this market. The company has partnerships with online gaming giants such as FanDuel and MGM Resorts International, allowing them to offer online sports betting and casino games in various states where it is legal. As more states continue to legalize online gaming, Boyd Gaming is well-positioned to capitalize on this growing market and drive even more growth for the company. Finally, one of the most attractive aspects of Boyd Gaming for investors is its commitment to delivering value to its shareholders. The company has a solid track record of returning capital to shareholders through dividends and share repurchases, which makes it an attractive choice for income-seeking investors.

Additionally, Boyd Gaming’s financial performance has been strong, with the company reporting consistent revenue and earnings growth over the years. In conclusion, Boyd Gaming’s strong operations in Las Vegas, expansion plans, and potential in the igaming market make it a must-keep for investors.

Price History

Boyd Gaming Corporation (BYD) has been making waves in the stock market as of late, with its strong Las Vegas operations, expansion plans, and potential in the growing world of igaming. On Thursday, shares of Boyd Gaming opened at $63.47 and closed at $64.06, showing a minimal increase of 0.02% from the previous day’s closing price of $64.05. One of the key factors contributing to Boyd Gaming’s success is its strong presence in the Las Vegas market. The company operates several well-known casinos in the Las Vegas area, including the iconic Stardust Casino and Hotel and the Fremont Hotel and Casino. These properties have consistently generated strong revenues for the company, even during times of economic uncertainty. In recent years, the company has acquired several new properties in strategic locations, including the Valley Forge Casino Resort in Pennsylvania and the Aliante Casino and Hotel in North Las Vegas.

These acquisitions have not only expanded Boyd Gaming’s reach, but also diversified its revenue streams. But perhaps one of the most exciting prospects for Boyd Gaming is its potential in the world of igaming. With the rise of online gambling and sports betting, Boyd Gaming has been making strategic moves to position itself as a leader in this emerging market. While there may be some volatility in the short term, Boyd Gaming’s long-term prospects are looking strong and promising for investors. 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 Intrinsic Stock Value

After conducting a thorough analysis on BOYD GAMING‘s financials, I have determined that the intrinsic value of their share is approximately $72.7. This calculation was based on our proprietary Valuation Line, which takes into account various factors such as cash flow, earnings growth, and industry comparisons. Currently, BOYD GAMING’s stock is trading at $64.06, which suggests that it is undervalued by 11.8%. This means that investors have an opportunity to purchase the stock at a fair price that is below its intrinsic value. This could potentially lead to significant returns in the future as the stock price catches up to its true worth. Additionally, my analysis also revealed that BOYD GAMING is a financially healthy company with a strong cash flow and consistent earnings growth. This gives me confidence in the company’s ability to continue performing well in the future and potentially increase the value of its stock. Based on all of this information, I believe that BOYD GAMING’s stock presents a solid investment opportunity for those looking to capitalize on undervalued stocks with potential for future growth. Of course, as with any investment, it is important to conduct your own research and make informed decisions based on your individual financial goals and risk tolerance. 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

Boyd Gaming Corporation (BYD) is a strong investment opportunity due to its successful operations in Las Vegas, ongoing expansion efforts, and potential in the growing online gaming market. The company has shown a commitment to providing value to shareholders through its return of capital plans.