
Fundamental analysis: Boyd Gaming Corporation (BYD)
Awarener score: 7.0
Conclusion
The higher the Awarener score, the more bang you get for the buck. It measures how much genuine funds the company generates for the stock price paid (Very good), the business stability (Poor) and growth (Average), and the company's inclination to return cash to the stockholders (Excellent).
Note: All scores range from 1 (worst) to 10 (best). Conclusions are updated daily with closing stock prices and new reported quarterly financial statements.
Revenue score: 4.5
- Business has been growing at a low pace. It's been almost average when measured against peer companies.
- Boyd Gaming Corporation business varies, ups and downs are rather normal. Risk is sufficient. It looks slightly better than rivals.
Margins score: 7.8
- BYD profit margins -on goods and services sold- are usually very good. They stand somewhat better than rival companies.
- Business profit on sales tends to be excellent. It's more than average in relation to competitors.
- Profits on sales made -available to repay debt and purchase properties- are usually very good. They remain a slight improvement compared to peers.
- Earnings -before income taxes and interests on loans taken- tend to be very good in relation to total revenues. They're still well ranked against similar companies.
- Profits -before income taxes- are usually good considering total sales, and remain more than average in relation to rivals.
- Total net profit tends to be good when confronted to sales. Company stands great when measured against comparable firms.
Growth score: 5.6
- Boyd Gaming Corporation profit -on goods and services sold- has been growing at a good pace. It's been lacking compared to competitors.
- In recent years, earnings -on operations- have been growing at an extremely fast step, which has been well ranked against comparable firms.
- Profits -available to repay debt and purchase properties- have been growing at an excellent pace, which compares below average when measured against peer enterprises.
- Earnings -before income taxes and interests on loans taken- have been growing at an extremely fast tempo. It turns to be a slight improvement compared to similar stocks.
- In past years, at least once the company lost money -before income taxes-. It was bottom tier against rivals.
- In the previous years, the firm had at least a total net loss, and last-in-rank when measured against peer companies.
- The company lost money at least once in the past years. It's been a disappointment compared to industry peers.
Miscellaneous score: 5.0
- BYD had to pay some income taxes in relation to profits made in the past years. It's been slightly worse than peers.
- The company does not report R&D expenses. It's meaningless to measure in relation to competitors.
- We have insufficient data to estimate how effective is research and development effort. It stands unknown against rival companies.
Profitability score: 8.5
- Boyd Gaming Corporation usually gets excellent returns on the resources it controls. It proves great when measured against peer firms.
- The company normally gets good proceeds -on the resources directly invested in the business-. They remain a slight improvement compared to similar companies.
- There's usually excellent profitability -in relation to owned resources-. It ranks great when measured against competitors.
- In the past, got excellent returns -on the tangible resources it controls-. This metric is usually related to the industry in which operates and combines profitability versus reinvestment needs. It's top tier when measured against comparable enterprises.
Usage of Funds score: 6.6
- BYD usually uses a slight portion of genuine funds generated to buy or replace property, plant, or equipment. The need for reinvestments is light. It stands top tier when measured against rival firms.
- The company is usually replacing most of the property, plant, and equipment that gets old, and saving a little funds for something else, which is weak when measured against industry peers.
- In the past twelve months it paid very little dividends, considering the current stock price. It came somewhat worse than competitors.
- In recent years, has greatly cut back dividend payments. It could be enduring difficult times. The company has behaved lacking compared to similar firms.
- Dividend payments usually represent a slight portion of genuine funds generation and are most likely safe. Sustainability looks slightly better than comparable companies.
- The company usually reduces the pool of investors, resulting in fewer mouths feeding on the pie of profits. It remains excellent in relation to peer enterprises.
- Repurchase effectiveness metric is very complex. Run again in analytical mode if you 're interested in a technical explanation. It stands excellent in relation to rivals.
- The company uses a low portion of genuine fund generation to reward investors, which can most likely be sustained. It still looks similar to competitors.
Balance Sheet score: 5.2
- Boyd Gaming Corporation intangible assets (like brands and goodwill) represent a very large portion of resources controlled, according to accounting books. There could be major difficulties in liquidating them if the company ever gets in financial distress. It happens to be weak when measured against peer companies.
- The company has somewhat lower short-term resources than short-term obligations. Unless it's part of the business model, there might some liquidity concerns. It turns to be in a weak position compared to similar firms.
- Most resources controlled were provided for with financial debt. Creditors have more claims on the company than shareholders. Unless the company is a financial institution that takes deposits, the situation might be very risky. It remains slightly better than rival firms.
- Most controlled resources might be only slowly turned into cash and equivalents, which is risky. It looks substantially worse when measured against rivals.
- For every dollar of short-term obligations, the company has less than a dollar of cash and short-term receivables. It's in a very weak position compared to peer firms.
- For every dollar of short-term obligations, the company has roughly half of cash and equivalents, which is somewhat worse than similar enterprises.
- Usually, sales are mostly on cash. It still ranks encouraging in relation to peers.
- Normally has approximately only a couple of weekly sales worth in inventory. It comes up as in good shape compared to competitors.
- On average, it takes close to one month from the purchase to charging customers. It happens to be well ranked against peers.
- On average pays suppliers before a month from the purchase. It ranks similar to industry peers.
- The company charges its customers before it must pay its suppliers, so the more it sales, the more free funds it gets. It's excellent in relation to similar companies.
- Net interest expenses consume a portion of usual business earnings, but are bearable. It stands well ranked against rival firms.
- Business earnings have usually been reasonable when measured against loans taken. Cutting back reinvesting in the business, it could take more than five years to repay the obligations with current profitability. It ranks great when measured against comparable enterprises.
- Revenues are low in relation to property, plant, and equipment required to operate. This metric is likely dependent on the industry the company operates in. The more property, plant, and equipment used, the more the company must reinvest to fight obsolescence, which usually means less available funds for the shareholders in the long run. It looks a slight improvement compared to similar firms.
- Resource exploitation is reasonable when yearly sales are considered. This metric is normally tied to the industry where the firm belongs. It's still well ranked against peer companies.
Valuation score: 6.0
- Boyd Gaming Corporation looks reasonable in relation to profits and financial position. It happens to be similar to competitors.
- Price-to-Tangible-Book-Value is a fairly complex metric. Run again in analytical mode if you're interested in a technical explanation. It remains a disappointment compared to peers.
- In the past twelve months, the company generated some good free funds in relation to the stock price, which stands better than most similar companies.
- The company usually generates more than enough genuine funds to cover up for its business needs. Surplus cash may be used to repay loans, to eventually buy new businesses, or to reward investors. Considering the financial position and stock price, at the current price the share might be interesting. It's still great when measured against industry firms.
- In the past twelve months, the company has rewarded investors, considering both dividends and share on the pie of earnings. It came up excellent in relation to peer ventures.
- The company is largely indebted. It should focus on loan repayment before rewarding stockholders. It looks somewhat better than similar enterprises.
- Considering the past twelve months, traditional Price-to-Earnings relation might be reasonable. It ranks more than average in relation to peer companies.
- Comparing the current stock price with the past twelve-months revenues gives a roughly two to one relationship. This is an important metric to check its evolution through time, and to compare to industry peers. It looks lacking compared to rival firms.
- The relation between the stock price and accounting book value is really high, which may be good or bad depending on context. Run again in analytic mode if you want to dig deeper. The company remains somewhat worse than peer firms.
- In the past twelve months, the operating business earned good money when compared to the current stock price and financial position. It happens to be more than average in relation to industry peers.
- In an alternate metric of bang for the buck, the company has usually shown a good earnings power ability when measured against the current stock price and financial position. It's still excellent in relation to peer companies.
Total score: 6.1

Company at a glance: Boyd Gaming Corporation (BYD)
Sector, industry: Consumer Cyclical, Resorts & Casinos
Market Cap: 6.12 billions
Revenues TTM: 3.56 billions
Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of December 31, 2021, the company operated 28 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. It also engages in owning and operating a travel agency. The company was founded in 1975 and is headquartered in Las Vegas, Nevada.
Awarener score: 7.0
Conclusion
The higher the Awarener score, the more bang you get for the buck. It measures how much genuine funds the company generates for the stock price paid (Very good), the business stability (Poor) and growth (Average), and the company's inclination to return cash to the stockholders (Excellent).