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With no single headline event driving sentiment, Boyd Gaming (BYD) has quietly posted a 1% daily pullback, alongside gains over the month and past 3 months, keeping investors focused on its recent return profile.
See our latest analysis for Boyd Gaming.
The share price at $88.65 comes after a 4.0% 30 day share price return and a 7.6% 90 day share price return. The 1 year total shareholder return of 19.5% and 5 year total shareholder return of 84.5% point to momentum that has been building rather than fading.
If Boyd Gaming has you looking at the broader casino and leisure space, this could be a good moment to broaden your search with fast growing stocks with high insider ownership.
With Boyd Gaming trading at $88.65, sitting on a 19.5% 1 year total return and an intrinsic discount estimate of about 30%, the key question is whether you are looking at genuine value or a price that already reflects future growth.
The most followed narrative puts Boyd Gaming’s fair value at about US$92.33 per share, slightly above the last close of US$88.65. This frames a modest value gap built on detailed earnings and margin work.
The analysts have a consensus price target of $90.769 for Boyd Gaming based on their expectations of its future earnings growth, profit margins and other risk factors. However, there is a degree of disagreement amongst analysts, with the most bullish reporting a price target of $101.0, and the most bearish reporting a price target of just $80.0.
Curious what sits behind a higher fair value, lower future P/E and only slight revenue growth assumptions? The core ingredients are already laid out. The full narrative shows exactly how earnings, margins and buybacks are stitched together to reach that number.
Result: Fair Value of $92.33 (UNDERVALUED)
Have a read of the narrative in full and understand what’s behind the forecasts.
However, the picture could change if competitive pressures continue to weigh on properties like The Orleans or if weather disruptions again unsettle revenue stability in the Midwest and South.
Find out about the key risks to this Boyd Gaming narrative.
On simple earnings multiples, Boyd Gaming looks mixed. It trades on a P/E of 3.7x, which is cheaper than the US Hospitality average of 22x and peers at 58x. However, it is only slightly below its fair ratio of 3.6x. That narrow gap suggests less clear-cut upside and raises the question of how much safety margin is really here.
See what the numbers say about this price — find out in our valuation breakdown.
If you look at the numbers and come to a different conclusion, or simply prefer to build your own view from the ground up, you can put together a fresh Boyd Gaming story in just a few minutes with Do it your way.
A great starting point for your Boyd Gaming research is our analysis highlighting 2 key rewards and 4 important warning signs that could impact your investment decision.
If Boyd Gaming has sharpened your focus, do not stop here. Use the Simply Wall St Screener to uncover other opportunities that might fit your style and goals.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include BYD.
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