BYD - NYSE
Boyd Gaming Corporation
$86.94
+1.7%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.
At a Glance
Live SnapshotBoyd Gaming Corporation Fair Value Envelope
Owner Earnings Valuation Tool
Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation
Historical Financial Data
Base year metrics used for projections
Projection Settings
Forecast period and terminal assumptions
DCF Valuation Summary
Calculation flow from present value to intrinsic value per share
Owner Earnings Projections
Operating Cash Flow - Maintenance CapEx = Owner Earnings
| Metric | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $681.6M | $475.6M | $331.9M | $231.6M | $161.6M | $112.8M | $78.7M | $54.9M | $38.3M | $26.7M |
| Maintenance CapEx | -$82.1M | -$57.3M | -$40.0M | -$27.9M | -$19.5M | -$13.6M | -$9.5M | -$6.6M | -$4.6M | -$3.2M |
| Owner Earnings | $599.5M | $418.3M | $291.9M | $203.7M | $142.2M | $99.2M | $69.2M | $48.3M | $33.7M | $23.5M |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $555.1M | $358.6M | $231.7M | $149.7M | $96.7M | $62.5M | $40.4M | $26.1M | $16.9M | $10.9M |
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Earnings Call
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