Boyd Gaming Corporation (BYD) Fair Value & Analysis
Consumer Cyclical · US · Market cap $6.4B
Boyd Gaming Corporation
BYD · US
Fair value as of: Jul 15, 2026
From 26 valuation models · updated 25 days ago
Share price −3.9% over the past month.
A solid business, screening 81% undervalued on our models.
What matters now
- The price is below even our cautious bear case ($105.28). The market is more pessimistic than our downside scenario.
- Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range ($105.28 to $198.84) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.
How to read this chart
60‑month range $44.37 – $91.26 · fair‑value band $105.28 – $198.84 · the $83.42 price screens below the $151.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.
Analysis
Boyd Gaming Corporation (BYD) currently trades at $83.42, while our model-based Fair Value estimate is $151.24, implying the stock looks roughly 81.3% undervalued today. The Quality Score stands at 62/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Boyd Gaming Corporation generated revenue of $4.1B at a net margin of 44.8%. Revenue grew 0.6% year over year. It earns a return on equity of 94.3%. Net debt stands at $2.9B. Fundamentals as of Jul 15, 2026
Our scenario range runs from $105.28 (bear case) to $198.84 (bull case); at $83.42, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. Analysts expect earnings well below the last reported figure (earnings in transition, for example expiring patents or contracts); a fair value that looks fair on trailing earnings may then be too optimistic. The share trades about 7% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 11% fair-value upside, at 81%, BYD screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: Growth Earnings ($469.50) versus Dividend Discount ($10.83). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 49
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Boyd Gaming Corporation reported revenue of $4.1B in FY2025 versus $3.4B in FY2021, a compound +5.0%/yr. Reported net income was $1.8B in FY2025, compounding +41.2%/yr from FY2021.
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Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- BYD Sets Export Record. Nio, XPeng, and Li Auto Stocks Suffer
- BYD (SEHK:1211) Stock Looks Above Fair Value As Shares Fell 17%
- Record Exports Boost BYD Sales as Chinese EV Stocks Suffer
- Tesla and BYD Ride Global EV Boom — Five Countries See Growth More Than Double as Gas Prices Spike
Peer Group
Resorts & Casinos · 76 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Resorts & Casinos median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 42/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Resorts & Casinos stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Las Vegas Sands Corp LVS | $44.79 | $52.27 | +17% |
| Galaxy Entertainment Group 0027 | HK$34.20 | HK$41.44 | +21% |
| Sands China Ltd 1928 | HK$13.08 | HK$2.05 | -84% |
| MGM Resorts International, through its subsidiaries, MGM | $46.13 | $13.70 | -70% |
| Wynn Resorts, Limited WYNN | $97.05 | $69.39 | -29% |
| Red Rock Resorts, Inc RRR | $64.75 | $17.09 | -74% |
| Caesars Entertainment, Inc CZR | $29.91 | $80.92 | +171% |
| Genting Singapore Limited G13 | 0.6200 SGD | 0.6900 SGD | +11% |
| Vail Resorts, Inc MTN | $150.14 | $125.02 | -17% |
| MGM China Holdings 2282 | HK$11.36 | HK$24.07 | +112% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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