Boyd Gaming Stock Fair Value Calculator – Boyd Gaming Reports $903M in Revenue Despite “Challenging” Economy
October 28, 2023
🌧️Trending News
Boyd Gaming ($NYSE:BYD) Corporation, a leading regional gaming operator, recently reported its third quarter financial results which showed that the company earned $903 million in revenue despite the challenging economic conditions.
However, their income decreased significantly, primarily due to the difficult economic conditions. Boyd Gaming is a multi-jurisdictional gaming company that owns and operates 22 gaming entertainment properties located across seven states: Nevada, New Jersey, Mississippi, Illinois, Indiana, Louisiana, and Ohio. The company also has a partnership with FanDuel to offer mobile gaming and sports betting in New Jersey and Pennsylvania. Furthermore, Boyd Gaming operates various social and mobile gaming products, as well as operates an online horse racing wagering platform. In addition to their gaming operations, the company also provides hospitality services at various casino resorts.
Earnings
BOYD GAMING recently issued its earning report of FY2023 Q2 as of June 30 2021. The report showed that despite the challenging economy, BOYD GAMING managed to bring in $903M in total revenue. Net income for the same period was reported at $113.73M, which is a 22.5% decrease compared to the previous year’s figures.
However, it is still a testament to the company’s ability to weather difficult times. The total revenue for BOYD GAMING has increased from $893.6M to $916.95M in the last three years, indicating that the company has maintained steady growth despite challenging economic conditions. Despite the decrease in net income from FY2022 to FY2023, the company has still managed to remain profitable and keep up its steady growth.
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 |
| 3.68k | 721.87 | 20.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Boyd Gaming. More…
| Operations | Investing | Financing |
| 1.02k | -422.31 | -615.85 |
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 |
| 6.32k | 4.66k | 16.44 |
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 |
| 13.1% | 82.2% | 28.7% |
| FCF Margin | ROE | ROA |
| 19.2% | 39.7% | 10.4% |
Share Price
This was reflected in the stock market as BOYD GAMING stock opened at $54.2 and closed at $55.3, up by 2.7% from last closing price of 53.8. This indicates that the company is weathering the tough economic climate and continuing to grow despite the obstacles. It is a testament to the strength of the business that it is able to remain resilient during such tough times. Live Quote…
Analysis – Boyd Gaming Stock Fair Value Calculator
At GoodWhale, we recently conducted an analysis of BOYD GAMING‘s fundamentals. Using our proprietary Valuation Line, we determined the fair value of BOYD GAMING shares to be around $71.6. Currently, the stock is trading at $55.3, representing a 22.8% undervaluation relative to this fair value. Therefore, BOYD GAMING is an attractive investment opportunity at this price point. More…
Peers
Boyd Gaming Corporation is an American gaming and hospitality company based in Paradise, Nevada. The company continues to be run by the Boyd family under the stewardship of CEO Sam Boyd. Boyd Gaming operates 29 gaming properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania.
– Penn National Gaming Inc ($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
Financial analysts point to the company’s strategic focus on reducing costs and diversifying its operations as key contributors to its continued growth and stability. Investors should be cautious however, as there may be volatility due to the uncertain economic conditions.
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