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 $5.2B against $2.1B — 2.5× the size. Boyd Gaming Corporation trades at the lower P/E: 3.1× against 17.8×. Monarch Casino & Resort, Inc. grew revenue faster over the last twelve months: 5.10% against 1.75%. Boyd Gaming Corporation has the higher net margin (44.3% vs 20.4%) and the lower return on invested capital (8.77% vs 20.1%). Both pay a dividend; Boyd Gaming Corporation yields more (1.12% vs 1.06%). Across the 23 metrics below, Monarch Casino & Resort, Inc. leads on 12 and Boyd Gaming Corporation on 11.

Valuation

Metric BYD MCRI Resorts & Casinos median
P/E 3.07 17.83 17.15
P/S 1.27 3.61 0.53
P/B 2.09 3.52 2.09
Price to free cash flow 148.87 13.14 9.94
EV/EBITDA 7.31 10.06 8.87
EV/Sales 1.84 3.39 1.78
Earnings yield 32.56% 5.61% 1.35%
Free cash flow yield 0.67% 7.61% 7.20%

Profitability

Metric BYD MCRI Resorts & Casinos median
Gross margin 49.00% 55.49% 50.85%
Operating margin 16.37% 25.06% 10.41%
Net margin 44.34% 20.40% 1.28%
Free cash flow margin 0.86% 27.49% 4.23%
Return on equity 93.36% 20.54% 5.28%
Return on assets 27.44% 15.85% 0.57%
Return on invested capital 8.77% 20.07% 5.61%

Growth

Metric BYD MCRI Resorts & Casinos median
Revenue growth (TTM) 1.75% 5.10% 2.76%
EPS growth (last fiscal year) 264.46% 41.56% 8.54%
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 1.05 0.00 1.94
Current ratio 0.77 1.21 0.91
Net debt to EBITDA 1.59 (0.53) 3.48

Dividend

Metric BYD MCRI Resorts & Casinos median
Dividend yield 1.12% 1.06% 1.94%
Payout ratio 0.03 0.19 0.37

Size

Metric BYD MCRI Resorts & Casinos median
Market cap 5.16b 2.07b 2.44b

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