Boyd Gaming owns and operates gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi and New Jersey. The company was founded in 1988 and is based in Las Vegas, Nevada.
BYD Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Boyd Gaming Corp. To summarize, we found that Boyd Gaming Corp ranked in the 8th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. In terms of the factors that were most noteworthy in this DCF analysis for BYD, they are:
Its compound free cash flow growth rate, as measured over the past 5.69 years, is -0.07% -- higher than only 16.3% of stocks in our DCF forecasting set.
47% of the company's capital comes from equity, which is greater than merely 21.41% of stocks in our cash flow based forecasting set.
As a business, Boyd Gaming Corp experienced a tax rate of about 81% over the past twelve months; relative to its sector (Consumer Cyclical), this tax rate is higher than 94.71% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Boyd Gaming Corp? See BLL, CRMT, NKE, VRA, and DIS.
LAS VEGAS, Sept. 21, 2020 /PRNewswire/ -- Aristocrat Technologies, Inc. has partnered with leading casino operator Boyd Gaming Corporation to launch an all-new player loyalty mobile application: B Connected Mobile. Developed by the Aristocrat Customer Experience (CX) Solutions team in…
Sports Betting Could Fuel International Game Technology For Years To Come International Game Technology PLC (IGT) operates and provides gaming technology products and services worldwide. Recently, the company has gotten more and more involved in the fast-growing business of sports gambling, reaching agreements with Boyd Gaming (BYD) and Fanduel (PDYPY)...
Joseph Heglin on Seeking Alpha | September 17, 2020
LAS VEGAS, Sept. 16, 2020 /PRNewswire/ -- Boyd Gaming Corporation (NYSE: BYD) today announced that Delta Downs Racetrack Casino Hotel in Vinton, Louisiana, will reopen to the public today, September 16, at 11 a.m. Central Time. The property has been closed since late August due to damage…