Boyd Gaming Corporation (BYD) vs Monarch Casino & Resort, Inc. (MCRI)

Boyd Gaming Corporation and Monarch Casino & Resort, Inc. are both Resorts & Casinos companies. Boyd Gaming Corporation is the larger, with a market value of $5.5B against $1.9B — 2.8× the size. Boyd Gaming Corporation trades at the lower P/E: 11.7× against 17.0×. Monarch Casino & Resort, Inc. grew revenue faster over the last twelve months: 4.78% against 0.33%. Monarch Casino & Resort, Inc. has the higher net margin (20.4% vs 12.3%) and the higher return on invested capital (20.3% vs 9.42%). Both pay a dividend; Monarch Casino & Resort, Inc. yields more (1.10% vs 1.01%). Across the 23 metrics below, Monarch Casino & Resort, Inc. leads on 16 and Boyd Gaming Corporation on 7.

Valuation

Metric BYD MCRI Resorts & Casinos median
P/E 11.67 16.98 16.84
P/S 1.38 3.44 0.57
P/B 2.31 3.41 2.02
Price to free cash flow 137.27 13.61 10.86
EV/EBITDA 7.28 9.65 8.92
EV/Sales 1.96 3.23 1.79
Earnings yield 8.57% 5.89% 2.61%
Free cash flow yield 0.73% 7.35% 7.35%

Profitability

Metric BYD MCRI Resorts & Casinos median
Gross margin 49.13% 55.53% 47.52%
Operating margin 17.77% 25.46% 12.21%
Net margin 12.29% 20.35% 3.87%
Free cash flow margin 1.01% 25.26% 5.15%
Return on equity 19.64% 20.40% 19.64%
Return on assets 7.62% 15.75% 1.70%
Return on invested capital 9.42% 20.28% 6.38%

Growth

Metric BYD MCRI Resorts & Casinos median
Revenue growth (TTM) 0.33% 4.78% 3.08%
EPS growth (last fiscal year) 264.46% 41.56% 3.45%
Revenue growth, 5-year CAGR 13.44% 24.21% 24.21%
Net income growth, 5-year CAGR 0.00% 33.76% 0.00%

Health

Metric BYD MCRI Resorts & Casinos median
Debt to equity 1.09 0.02 0.06
Current ratio 0.33 1.17 0.91
Net debt to EBITDA 1.59 (0.53) 4.00

Dividend

Metric BYD MCRI Resorts & Casinos median
Dividend yield 1.01% 1.10% 1.98%
Payout ratio 0.12 0.19 0.49

Size

Metric BYD MCRI Resorts & Casinos median
Market cap 5.45b 1.93b 3.32b

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