Boyd Gaming Corporation (BYD) vs Wynn Resorts, Limited (WYNN)

Boyd Gaming Corporation and Wynn Resorts, Limited are both Resorts & Casinos companies. Wynn Resorts, Limited is the larger, with a market value of $8.4B against $5.2B — 1.6× the size. Boyd Gaming Corporation trades at the lower P/E: 3.1× against 18.6×. Wynn Resorts, Limited grew revenue faster over the last twelve months: 6.36% against 1.75%. Boyd Gaming Corporation has the higher net margin (44.3% vs 6.06%) and the lower return on invested capital (8.77% vs 9.44%). Both pay a dividend; Boyd Gaming Corporation yields more (0.97% vs 0.91%). Across the 21 metrics below, Boyd Gaming Corporation leads on 12 and Wynn Resorts, Limited on 9.

Valuation

Metric BYD WYNN Resorts & Casinos median
P/E 3.14 18.56 18.52
P/S 1.30 1.12 0.54
P/B 2.13 n/m 2.13
Price to free cash flow 151.99 10.38 13.62
EV/EBITDA 7.41 9.18 9.18
EV/Sales 1.87 2.29 1.80
Earnings yield 31.90% 5.39% 1.69%
Free cash flow yield 0.66% 9.63% 6.51%

Profitability

Metric BYD WYNN Resorts & Casinos median
Gross margin 49.00% 40.70% 50.85%
Operating margin 16.37% 15.72% 10.41%
Net margin 44.34% 6.06% 1.28%
Free cash flow margin 0.86% 10.81% 4.23%
Return on equity 93.36% (42.45%) 5.28%
Return on assets 27.44% 3.47% 0.57%
Return on invested capital 8.77% 9.44% 5.61%

Growth

Metric BYD WYNN Resorts & Casinos median
Revenue growth (TTM) 1.75% 6.36% 2.76%
EPS growth (last fiscal year) 264.46% (27.82%) —
Revenue growth, 5-year CAGR 13.44% 27.77% 24.21%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BYD WYNN Resorts & Casinos median
Debt to equity 1.05 (11.83) 1.94
Current ratio 0.77 0.91 0.91
Net debt to EBITDA 1.59 4.77 3.08

Dividend

Metric BYD WYNN Resorts & Casinos median
Dividend yield 0.97% 0.91% 1.27%
Payout ratio 0.09 0.00 0.00

Size

Metric BYD WYNN Resorts & Casinos median
Market cap 5.22b 8.35b 2.43b

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