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Boyd Gaming (Boyd Gaming) Cyclically Adjusted Price-to-FCF : 14.73 (As of Apr. 27, 2024)


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What is Boyd Gaming Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Boyd Gaming's current share price is $53.18. Boyd Gaming's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $3.61. Boyd Gaming's Cyclically Adjusted Price-to-FCF for today is 14.73.

The historical rank and industry rank for Boyd Gaming's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BYD' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 6.2   Med: 25.81   Max: 109.69
Current: 14.75

During the past years, Boyd Gaming's highest Cyclically Adjusted Price-to-FCF was 109.69. The lowest was 6.20. And the median was 25.81.

BYD's Cyclically Adjusted Price-to-FCF is ranked better than
58.55% of 345 companies
in the Travel & Leisure industry
Industry Median: 21.55 vs BYD: 14.75

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Boyd Gaming's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.237. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $3.61 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boyd Gaming Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Boyd Gaming's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Boyd Gaming Cyclically Adjusted Price-to-FCF Chart

Boyd Gaming Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.05 24.90 27.65 17.29 17.36

Boyd Gaming Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.29 19.49 20.57 17.41 17.36

Competitive Comparison of Boyd Gaming's Cyclically Adjusted Price-to-FCF

For the Resorts & Casinos subindustry, Boyd Gaming's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Boyd Gaming's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Boyd Gaming's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Boyd Gaming's Cyclically Adjusted Price-to-FCF falls into.



Boyd Gaming Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Boyd Gaming's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=53.18/3.61
=14.73

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Boyd Gaming's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Boyd Gaming's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.237/129.4194*129.4194
=1.237

Current CPI (Dec. 2023) = 129.4194.

Boyd Gaming Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.354 99.695 0.460
201406 0.415 100.560 0.534
201409 0.483 100.428 0.622
201412 0.428 99.070 0.559
201503 0.359 99.621 0.466
201506 0.511 100.684 0.657
201509 0.501 100.392 0.646
201512 0.468 99.792 0.607
201603 0.416 100.470 0.536
201606 0.371 101.688 0.472
201609 0.195 101.861 0.248
201612 -0.007 101.863 -0.009
201703 0.322 102.862 0.405
201706 0.378 103.349 0.473
201709 0.784 104.136 0.974
201712 0.520 104.011 0.647
201803 0.804 105.290 0.988
201806 0.539 106.317 0.656
201809 0.607 106.507 0.738
201812 0.422 105.998 0.515
201903 0.657 107.251 0.793
201906 0.557 108.070 0.667
201909 0.969 108.329 1.158
201912 0.813 108.420 0.970
202003 -0.215 108.902 -0.256
202006 -0.921 108.767 -1.096
202009 1.297 109.815 1.529
202012 0.837 109.897 0.986
202103 1.590 111.754 1.841
202106 1.945 114.631 2.196
202109 2.061 115.734 2.305
202112 1.511 117.630 1.662
202203 1.665 121.301 1.776
202206 1.546 125.017 1.600
202209 1.831 125.227 1.892
202212 1.439 125.222 1.487
202303 1.795 127.348 1.824
202306 1.037 128.729 1.043
202309 1.253 129.860 1.249
202312 1.237 129.419 1.237

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Boyd Gaming  (NYSE:BYD) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Boyd Gaming Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Boyd Gaming's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Boyd Gaming (Boyd Gaming) Business Description

Traded in Other Exchanges
Address
6465 South Rainbow Boulevard, Las Vegas, NV, USA, 89118
Boyd Gaming Corp is a multi-jurisdictional gaming company. The company operates wholly owned gaming entertainment properties (casino space, slot machines, table games, and hotel rooms) in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. Its business segments are separated by geographical regions: Las Vegas Locals; Downtown Las Vegas; and Midwest and South. Midwest and South holds the largest number of entertainment properties, and it generates most sales for the company. Boyd generates most of its revenue from its gaming operations.
Executives
William S Boyd director, 10 percent owner, officer: Co-Executive Chair 2950 SOUTH INDUSTRIAL ROAD, LAS VEGAS NV 89109
William R Boyd director, officer: Vice President C/O BOYD GAMING CORPORATION, 6465 S. RAINBOW BOULEVARD, LAS VEGAS NV 89118
Marianne Boyd Johnson director, officer: Executive Vice President
Stephen S. Thompson officer: Executive Vice President 3883 HOWARD HUGHES PARKWAY, NINTH FLOOR, LAS VEGAS NV 89169
Christine J. Spadafor director 3883 HOWARD HUGHES PARKWAY, NINTH FLOOR, LAS VEGAS NV 89169
Keith Smith director, officer: President & CEO
Ted Bogich officer: Executive Vice President 3883 HOWARD HUGHES PARKWAY, NINTH FLOOR, LAS VEGAS NV 89169
Josh Hirsberg officer: Exec. V.P., Treasurer & CFO C/O BOYD GAMING CORPORATION, 3883 HOWARD HUGHES PARKWAY, NINTH FLOOR, LAS VEGAS NV 89169
Lori M. Nelson officer: SVP Fin Ops and Reporting 6465 S. RAINBOW BOULEVARD, LAS VEGAS NV 89118
Veronica J Wilson director C/O BOYD GAMING, 2950 INDUSTRIAL RD, LAS VEGAS NV 89109
Uri Clinton officer: EVP,General Counsel,Secretary C/O MULTIMEDIA GAMES, INC., 206 WILD BASIN ROAD, BLDG. B, SUITE 400, AUSTIN TX 78746
Anthony D Mcduffie officer: VP & Chief Accounting Officer C/O BOYD GAMING CORPORATION, 6465 SOUTH RAINBOW BLVD, LAS VEGAS NV 89118
A. Randall Thoman director 8360 S. DURANGO DR., LAS VEGAS NV 89113
John Robert Bailey director 1106 PALMS AIRPORT DRIVE, LAS VEGAS NV 89119
Paul W Whetsell director 4501 NORTH FAIRFAX DRIVE, SUITE 800, ARLINGTON VA 22203