Las Vegas Locals Focus | Discover how Boyd Gaming's dependence on its Nevada resident-focused segment influences investor sentiment and the strategic implications of its diversified five-division portfolio structure |
Capital Return Strategy | The company executes $150 million quarterly share repurchases while raising dividends for four consecutive years, potentially reducing shares outstanding by 16% through 2027 |
Valuation Disconnect | Analysts set price targets ranging from $87 to $106, with the stock trading at 7.7x EV/EBITDA—a significant discount to its historical 10x pre-pandemic multiple |
Growth Inflection | Boyd Gaming approaches a pivotal moment as multiple renovation projects near completion, with all five portfolio divisions expected to demonstrate growth by late 2026 |
Metrics to compare | BYD | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipBYDPeersSector | |
|---|---|---|---|---|
P/E Ratio | 2.8x | 16.2x | 9.7x | |
PEG Ratio | 0.01 | 0.24 | 0.02 | |
Price / Book | 2.0x | 0.6x | 1.4x | |
Price / LTM Sales | 1.2x | 0.9x | 0.9x | |
Upside (Analyst Target) | 35.6% | 40.6% | 33.2% | |
Fair Value Upside | Unlock | 21.3% | 13.2% | 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.