Boyd Gaming Corporation (BYD) vs Red Rock Resorts, Inc. (RRR)

Boyd Gaming Corporation and Red Rock Resorts, Inc. are both Resorts & Casinos companies. Boyd Gaming Corporation and Red Rock Resorts, Inc. are of similar size ($5.5B and $5.0B). Boyd Gaming Corporation trades at the lower P/E: 11.5× against 25.7×. Red Rock Resorts, Inc. grew revenue faster over the last twelve months: 1.14% against 0.33%. Boyd Gaming Corporation has the higher net margin (12.3% vs 5.79%) and the higher return on invested capital (9.42% vs 7.18%). Both pay a dividend; Red Rock Resorts, Inc. yields more (2.16% vs 1.02%). Across the 22 metrics below, Boyd Gaming Corporation leads on 13 and Red Rock Resorts, Inc. on 9.

Valuation

Metric BYD RRR Resorts & Casinos median
P/E 11.54 25.70 16.79
P/S 1.37 1.39 0.57
P/B 2.28 9.88 2.05
Price to free cash flow 135.76 54.63 10.86
EV/EBITDA 7.22 9.47 9.16
EV/Sales 1.95 3.19 1.80
Earnings yield 8.67% 3.89% 2.62%
Free cash flow yield 0.74% 1.83% 7.39%

Profitability

Metric BYD RRR Resorts & Casinos median
Gross margin 49.13% 58.88% 47.52%
Operating margin 17.77% 22.29% 12.21%
Net margin 12.29% 5.79% 3.87%
Free cash flow margin 1.01% 2.54% 4.12%
Return on equity 19.64% 38.03% 19.64%
Return on assets 7.62% 2.74% 1.70%
Return on invested capital 9.42% 7.18% 6.38%

Growth

Metric BYD RRR Resorts & Casinos median
Revenue growth (TTM) 0.33% 1.14% 3.08%
EPS growth (last fiscal year) 264.46% 23.32% 3.45%
Revenue growth, 5-year CAGR 13.44% 11.21% 24.21%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BYD RRR Resorts & Casinos median
Debt to equity 1.09 13.29 1.09
Current ratio 0.33 0.84 0.91
Net debt to EBITDA 1.59 4.13 4.00

Dividend

Metric BYD RRR Resorts & Casinos median
Dividend yield 1.02% 2.16% 1.97%
Payout ratio 0.12 0.56 0.49

Size

Metric BYD RRR Resorts & Casinos median
Market cap 5.45b 5.04b 3.31b

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