BYD
Boyd Gaming Corporation Consumer Cyclical - Resorts & Casinos Investor Relations →
Boyd Gaming Corporation (BYD) closed at $72.97 as of 2026-09-18, trading 5.2% above its 200-week moving average of $69.38. The stock is currently moving closer to the line, down from 10.8% last week. With a 14-week RSI of 25, BYD is in oversold territory.
Trading volume is running at 1.7x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.90 ratio) is neutral — neither side is clearly dominating.
Over the past 1670 weeks of data, BYD has crossed below its 200-week moving average 17 times. On average, these episodes lasted 40 weeks. Historically, investors who bought BYD at the start of these episodes saw an average one-year return of +34.4%.
With a market cap of $5.3 billion, BYD is a mid-cap stock. The company generates a free cash flow yield of 5.4%, which is healthy. Return on equity stands at 93.1%, indicating strong profitability. The stock trades at 2.1x book value.
The company has been aggressively buying back shares, reducing its share count by 25.7% over the past three years.
Over the past 32.1 years, a hypothetical investment of $100 in BYD would have grown to $655, compared to $2886 for the S&P 500. BYD has returned 6.0% annualized vs 11.0% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -24.6% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: BYD vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After BYD Crosses Below the Line?
Across 17 historical episodes, buying BYD when it crossed below its 200-week moving average produced an average return of +41.0% after 12 months (median +16.0%), compared to +14.8% for the S&P 500 over the same periods. 59% of those episodes were profitable after one year. After 24 months, the average return was +73.7% vs +41.3% for the index.
Each line shows $100 invested at the moment BYD crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. BYD currently has negative free cash flow, so price-based dislocation levels are not available. The score still tracks yield deviation from baseline.
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Recent Earnings
| Date | EPS Est. | EPS Actual | Surprise |
|---|---|---|---|
| 2026-07-23 | $1.89 | $1.93 | +2.1% |
| 2026-04-23 | $1.71 | $1.60 | -6.7% |
| 2026-02-05 | $1.94 | $2.21 | +14.2% |
| 2025-10-23 | $1.63 | $1.72 | +5.8% |
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
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Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are analysis points: prices at which the yield deviation becomes unusual enough to justify the work. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from BYD's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. Each one is an analysis point, a reason to open the filings. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
BYD has crossed below its 200-week MA 17 times with an average 1-year return of +34.4% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Sep 1994 | May 1995 | 36 | 28.3% | +16.7% | +561.0% |
| Jul 1995 | Aug 1995 | 5 | 5.4% | -9.1% | +512.9% |
| Oct 1995 | May 1996 | 29 | 25.7% | -43.9% | +530.1% |
| Jul 1996 | Jul 2001 | 262 | 71.0% | -56.7% | +542.1% |
| Sep 2001 | Nov 2001 | 10 | 31.7% | +389.0% | +2267.4% |
| Aug 2007 | Aug 2007 | 1 | 1.8% | -63.5% | +111.5% |
| Nov 2007 | Jan 2012 | 221 | 91.1% | -86.3% | +105.8% |
| Feb 2012 | Apr 2013 | 59 | 38.5% | -19.6% | +854.9% |
| Oct 2014 | Oct 2014 | 1 | 1.3% | +95.8% | +764.4% |
| Nov 2018 | Nov 2018 | 1 | 1.1% | +31.0% | +236.3% |
| Dec 2018 | Jan 2019 | 3 | 16.3% | +55.7% | +294.1% |
| May 2019 | Jun 2019 | 1 | 3.8% | -9.9% | +222.8% |
| Aug 2019 | Sep 2019 | 5 | 10.4% | +5.6% | +215.5% |
| Sep 2019 | Oct 2019 | 2 | 6.8% | +26.1% | +224.3% |
| Mar 2020 | Aug 2020 | 25 | 57.6% | +170.6% | +243.1% |
| Apr 2024 | Jul 2024 | 12 | 8.8% | +30.9% | +40.7% |
| Jul 2024 | Aug 2024 | 3 | 4.7% | +52.8% | +34.9% |
| Average | 40 | — | +34.4% | — |
Frequently Asked Questions
Is BYD below its 200-week moving average?
No. Boyd Gaming Corporation (BYD) is currently 5.2% above its 200-week moving average of $69.38. It would need to fall to $69.38 to cross below the line.
What is BYD's 200-week moving average price?
Boyd Gaming Corporation's 200-week moving average is $69.38 as of 2026-09-18. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when BYD drops below its 200-week moving average?
BYD has crossed below its 200-week moving average 17 times in our data. On average, buying at that moment produced a one-year return of +34.4%. These dips have historically been decent entry points. These episodes lasted 40 weeks on average.
Is BYD a good value right now?
Here's what our data says about BYD as of 2026-09-18: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 25 (oversold). Free cash flow yield is 5.4%. Return on equity is 93.1%. Price-to-book is 2.1x. This is not a buy or sell recommendation — always do your own research.
How does BYD compare to the S&P 500?
Over the past 32.1 years, $100 invested in BYD would have grown to $655, compared to $2886 for the S&P 500. That's 6.0% annualized vs 11.0% for the index. BYD has underperformed the broader market over this period.
Does BYD pay a dividend?
Yes. Boyd Gaming Corporation currently pays a dividend yield of 108.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-09-18