BOYD GAMING CORP · Hotels & Motels

BYD

Low riskNext report: Around Feb 4, 2027 (est.)

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The short version

A profitable company with steady sales.

Going well

Profitable, keeps 45% of sales as profit
Brings in more cash than it spends
Buying back shares: share count down 25% in 3 years

Money moves

No insider buying or selling in the last 30 days
Institutions added 5.5% to their holdings in the quarter ending June 2026 (178 bought, 208 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$72.42+1.0% that day

Company value: $5.3B; Share price times all shares
Price vs profit (P/E): 3.2x; You pay about $3 for each $1 of yearly profit
Price vs sales: 1.3x; Company value is 1.3 times a year of sales
Dividend yield: 1.0%; Yearly dividend as a share of today's price
Cash vs value: 6%; Cash as a share of company value
Debt vs value: 68%; Debt as a share of company value

From BYD's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$1.0B+0.0% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $4.1B, up 1.7% from the 12 months before. Over 5 years, sales grew about 13% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of BYD. Starting points are the company's recent numbers.

Sales growth+2% a yearRecently: +1.7% a yearProfit margin44%Last 12 months: 44.3%P/E at the end8xToday: 3.2x. Many steady companies trade at 12x to 25xShare count change-5% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$4.5B

Profit in 5 years$2.0B

Price these guesses point to$283.30+291% vs $72.42 todayAbout +31% a year, before dividends

What today's price needs: with a 44% margin and a 8x P/E, sales could shrink about 22% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

4/6Mixed

PassReturn on equity 15%+Earns a lot on the money owners have in the business.88.0%
MissDebt under half of equityNot relying on borrowed money.1.37x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.45.0%
MissProfitable every yearSteady profits, not one good year.9 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$388.5M
PassShare count not growingNot diluting owners. Falling means buybacks.-25.0% in 3 years

Revenue: $4.1B; +4.1% vs prior year
5-year growth: +13.4%/yr; revenue, per year
Total debt: $3.6B; 1.37x equity
Current ratio: 0.54x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.