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 $8.2B against $5.5B — 1.5× the size. Boyd Gaming Corporation trades at the lower P/E: 11.7× against 21.6×. Wynn Resorts, Limited grew revenue faster over the last twelve months: 2.22% against 0.33%. Boyd Gaming Corporation has the higher net margin (12.3% vs 5.20%) and the higher return on invested capital (9.42% vs 6.62%). Both pay a dividend; Wynn Resorts, Limited yields more (1.26% vs 1.01%). 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 11.67 21.55 16.84
P/S 1.38 1.11 0.57
P/B 2.31 n/m 2.02
Price to free cash flow 137.27 15.41 10.86
EV/EBITDA 7.28 9.67 8.92
EV/Sales 1.96 2.30 1.79
Earnings yield 8.57% 4.64% 2.61%
Free cash flow yield 0.73% 6.49% 7.35%

Profitability

Metric BYD WYNN Resorts & Casinos median
Gross margin 49.13% 0.00% 47.52%
Operating margin 17.77% 14.21% 12.21%
Net margin 12.29% 5.20% 3.87%
Free cash flow margin 1.01% 7.22% 5.15%
Return on equity 19.64% (35.54%) 19.64%
Return on assets 7.62% 2.92% 1.70%
Return on invested capital 9.42% 6.62% 6.38%

Growth

Metric BYD WYNN Resorts & Casinos median
Revenue growth (TTM) 0.33% 2.22% 3.08%
EPS growth (last fiscal year) 264.46% (27.82%) 3.45%
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 1.09 (10.90) 0.06
Current ratio 0.33 0.91 0.91
Net debt to EBITDA 1.59 4.77 4.00

Dividend

Metric BYD WYNN Resorts & Casinos median
Dividend yield 1.01% 1.26% 1.98%
Payout ratio 0.12 0.29 0.49

Size

Metric BYD WYNN Resorts & Casinos median
Market cap 5.45b 8.17b 3.32b

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