Boyd Gaming Intrinsic Stock Value – Is Boyd Gaming Worth Watching Out For?
November 7, 2023
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Should Boyd Gaming ($NYSE:BYD) Be Included On Your Watchlist? When it comes to investing, it is important to consider all of your options. Boyd Gaming is one of the largest gaming companies in the United States, and many investors have been watching this company with great interest. For those interested in the gaming industry, Boyd Gaming should definitely be on their watchlist. Their casino properties range from small, local casinos to larger, luxury resorts and they also offer gambling, entertainment, and promotional activities. In addition to their casino operations, they also provide online gaming, lottery services, and race and sports betting.
The company’s stock has been volatile in recent years, however there are indications that it could be poised for growth. Recent financial reports have indicated that the company’s revenues have increased significantly, with strong growth in both their casino operations and online gaming business. For investors looking to get into the gaming industry, Boyd Gaming should be on their watchlist. With their wide range of operations, strong financials, and potential for future growth, they could be an excellent long-term investment opportunity.
Market Price
Monday’s opening of Boyd Gaming stock at $57.5 and closing at $57.6, just 0.1% up from the previous day’s closing price, may have left some investors wondering if Boyd Gaming is worth watching out for. With the stock market recently experiencing significant volatility, many investors are uncertain as to where to put their money.
However, Boyd Gaming may be a sound option for those seeking a steady stock to invest in. The Las Vegas-based gaming company has a strong presence in the gambling and entertainment industry with its chain of casinos and resorts operating across the United States. Furthermore, Boyd Gaming has made a number of strategic acquisitions over the years that have enabled it to expand its operations across different states and create a portfolio of various gaming facilities and hospitality services. With strong financial performance supported by a diverse portfolio of gaming and entertainment facilities, Boyd Gaming could be a viable option for investors seeking a safe but profitable investment opportunity. The company’s focus on customer satisfaction and dedication to providing high-quality service has made it a preferred choice among gaming operators in the US, which further increases its appeal as a stock to watch out for. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Boyd Gaming. More…
| Total Revenues | Net Income | Net Margin |
| 3.71k | 700.1 | 19.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Boyd Gaming. More…
| Operations | Investing | Financing |
| 945.33 | -470.75 | -472.47 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Boyd Gaming. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.31k | 4.54k | 18.07 |
Key Ratios Snapshot
Some of the financial key ratios for Boyd Gaming are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.0% | 76.2% | 27.9% |
| FCF Margin | ROE | ROA |
| 15.4% | 36.8% | 10.3% |
Analysis – Boyd Gaming Intrinsic Stock Value
GoodWhale has conducted an analysis of BOYD GAMING‘s fundamentals. By using our proprietary Valuation Line, we have calculated BOYD GAMING’s intrinsic value to be around $73.8. This means that the stock is currently being traded at $57.6, which represents a 22.0% discount to its intrinsic value. This makes BOYD GAMING an attractive opportunity for longer-term investors. More…
Peers
Boyd Gaming Corporation is an American gaming and hospitality company based in Paradise, Nevada. The company continues to be run by the Boyd family under the stewardship of CEO Sam Boyd. Boyd Gaming operates 29 gaming properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.
– Penn National Gaming Inc ($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 offers a range of gaming and entertainment services throughout the United States. Its stock has been volatile over the past year and is currently trading around $22. Investors looking for an opportunity in the gaming industry should consider Boyd Gaming as a potential addition to their watchlist. Analysts have a consensus “Buy” rating on the stock, citing its strong balance sheet, strategic acquisition, and strong brand recognition as reasons for their optimism.
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