Regional Dynamics | Boyd Gaming's Midwest and South segments drive strong performance, while Nevada properties face headwinds from softer destination travel patterns |
Growth Blueprint | A $750 million Norfolk casino development anchors expansion through 2027, alongside property renovations at Orleans and Suncoast locations |
Analyst Outlook | Price targets include Barclays' $87 with Equal Weight rating. EPS projections show growth from $5.94 in FY1 to $6.74 in FY2 |
Valuation Position | The company trades at a discount to regional gaming peers on EBITDA basis yet commands premium on free cash flow, reflecting strong balance sheet strength |
Metrics to compare | BYD | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipBYDPeersSector | |
|---|---|---|---|---|
P/E Ratio | 3.6x | 20.9x | 10.5x | |
PEG Ratio | 0.01 | 0.20 | 0.02 | |
Price/Book | 2.6x | −0.3x | 1.4x | |
Price / LTM Sales | 1.6x | 2.6x | 0.9x | |
Upside (Analyst Target) | 2.6% | 26.2% | 27.2% | |
Fair Value Upside | Unlock | 14.4% | 11.6% | Unlock |
Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in the United States and Canada. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments. It owns and operates casinos; Boyd Interactive, an online casino gaming business; and a travel agency. The company was formerly known as The Boyd Group and changed its name to Boyd Gaming Corporation in April 1993. Boyd Gaming Corporation was founded in 1975 and is headquartered in Las Vegas, Nevada.