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Intrinsic value of Boyd Gaming Corporation (BYD)

Previous Close$54.22
Intrinsic Value
Upside potential
Previous Close
$54.22
Use floor (the cash flow based valuation has rendered a result, which is lower than an estimated minimum value derived from the company’s balance sheet analysis)

VALUATION INPUT DATA (original, your and others' valuations)

ParameterOrig.Your
Date of valuation (DoV)  
Intrinsic value (IV) at DoV, $/sh  
IV at current val. algorithm, $/sh50.9 

The original valuation is based on fiscal year data as of 2021-12-31 and quarterly data as of 2022-03-31.

Registered users can save their valuation input data

  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.

Company description

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 October 26, 2020, the company operated 29 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.

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2021(a)2022202320242025202620272028202920302031203220332034203520362037203820392040204120422043204420452046

INCOME STATEMENT

Revenue growth rate, %54.7NaN
Revenue, $3370NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m2470NaN
Operating income, $m900NaN
EBITDA, $m1213NaN
Interest expense (income), $mNaN
Earnings before tax, $m604NaN
Tax expense, $m140NaN
Net income, $m464NaN

BALANCE SHEET

Cash and short-term investments, $m358NaN
Total assets, $m6224NaN
Adjusted assets (=assets-cash), $m5866NaN
Average production assets, $m5713NaN
Working capital, $m-49NaN
Total debt, $m3933NaN
Total liabilities, $m4685NaN
Total equity, $m1539NaN
Debt-to-equity ratio2.556NaN
Adjusted equity ratio0.223NaN

CASH FLOW

Net income, $m464NaN
Depreciation, amort., depletion, $m313NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m1056NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-199NaN
Free cash flow, $m1255NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m-49
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN
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