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 ($5.4B and $5.2B). Boyd Gaming Corporation trades at the lower P/E: 3.1× against 17.5×. Boyd Gaming Corporation grew revenue faster over the last twelve months: 1.75% against 0.86%. Boyd Gaming Corporation has the higher net margin (44.3% vs 8.43%) and the lower return on invested capital (8.77% vs 9.19%). Both pay a dividend; Red Rock Resorts, Inc. yields more (3.24% vs 0.97%). Across the 22 metrics below, Boyd Gaming Corporation leads on 15 and Red Rock Resorts, Inc. on 7.

Valuation

Metric BYD RRR Resorts & Casinos median
P/E 3.14 17.50 18.52
P/S 1.30 1.47 0.54
P/B 2.13 10.07 2.13
Price to free cash flow 151.99 15.19 13.62
EV/EBITDA 7.41 8.33 9.18
EV/Sales 1.87 3.20 1.80
Earnings yield 31.90% 5.71% 1.69%
Free cash flow yield 0.66% 6.58% 6.51%

Profitability

Metric BYD RRR Resorts & Casinos median
Gross margin 49.00% 62.13% 50.85%
Operating margin 16.37% 27.67% 10.41%
Net margin 44.34% 8.43% 1.28%
Free cash flow margin 0.86% 9.65% 4.23%
Return on equity 93.36% 57.37% 5.28%
Return on assets 27.44% 4.02% 0.57%
Return on invested capital 8.77% 9.19% 5.61%

Growth

Metric BYD RRR Resorts & Casinos median
Revenue growth (TTM) 1.75% 0.86% 2.76%
EPS growth (last fiscal year) 264.46% 23.32% —
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 1.05 12.39 1.94
Current ratio 0.77 0.68 0.91
Net debt to EBITDA 1.59 4.13 3.08

Dividend

Metric BYD RRR Resorts & Casinos median
Dividend yield 0.97% 3.24% 1.27%
Payout ratio 0.09 0.27 0.00

Size

Metric BYD RRR Resorts & Casinos median
Market cap 5.22b 5.42b 2.43b

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