WallStSmart

Boyd Gaming Corporation (BYD)vsPenn National Gaming Inc (PENN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Penn National Gaming Inc generates 70% more annual revenue ($6.96B vs $4.09B). BYD leads profitability with a 45.1% profit margin vs -12.1%. PENN appears more attractively valued with a PEG of 1.01. BYD earns a higher WallStSmart Score of 62/100 (C+).

BYD

Buy

62

out of 100

Grade: C+

Growth: 3.3Profit: 9.0Value: 7.3Quality: 6.0
Piotroski: 4/9Altman Z: 2.74

PENN

Buy

57

out of 100

Grade: C

Growth: 6.7Profit: 4.5Value: 6.7Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BYDUndervalued (+45.6%)

Margin of Safety

+45.6%

Fair Value

$153.41

Current Price

$84.87

$68.54 discount

UndervaluedFair: $153.41Overvalued

Intrinsic value data unavailable for PENN.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BYD5 strengths · Avg: 9.2/10
P/E RatioValuation
3.8x10/10

Attractively priced relative to earnings

Return on EquityProfitability
87.8%10/10

Every $100 of equity generates 88 in profit

Profit MarginProfitability
45.1%10/10

Keeps 45 of every $100 in revenue as profit

Price/BookValuation
2.5x8/10

Reasonable price relative to book value

Operating MarginProfitability
20.8%8/10

Strong operational efficiency at 20.8%

PENN2 strengths · Avg: 10.0/10
Price/BookValuation
1.0x10/10

Reasonable price relative to book value

EPS GrowthGrowth
208.9%10/10

Earnings expanding 208.9% YoY

Areas to Watch

BYD3 concerns · Avg: 2.7/10
Revenue GrowthGrowth
2.0%4/10

2.0% revenue growth

PEG RatioValuation
3.032/10

Expensive relative to growth rate

EPS GrowthGrowth
-6.6%2/10

Earnings declined 6.6%

PENN4 concerns · Avg: 2.5/10
Market CapQuality
$1.96B3/10

Smaller company, higher risk/reward

Operating MarginProfitability
4.9%3/10

Operating margin of 4.9%

Return on EquityProfitability
-36.1%2/10

ROE of -36.1% — below average capital efficiency

Free Cash FlowQuality
$-83.20M2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : BYD

The strongest argument for BYD centers on P/E Ratio, Return on Equity, Profit Margin. Profitability is solid with margins at 45.1% and operating margin at 20.8%.

Bull Case : PENN

The strongest argument for PENN centers on Price/Book, EPS Growth. PEG of 1.01 suggests the stock is reasonably priced for its growth.

Bear Case : BYD

The primary concerns for BYD are Revenue Growth, PEG Ratio, EPS Growth.

Bear Case : PENN

The primary concerns for PENN are Market Cap, Operating Margin, Return on Equity.

Key Dynamics to Monitor

BYD profiles as a value stock while PENN is a turnaround play — different risk/reward profiles.

PENN carries more volatility with a beta of 1.36 — expect wider price swings.

PENN is growing revenue faster at 8.2% — sustainability is the question.

BYD generates stronger free cash flow (127M), providing more financial flexibility.

Bottom Line

BYD scores higher overall (62/100 vs 57/100), backed by strong 45.1% margins. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Boyd Gaming Corporation

CONSUMER CYCLICAL · RESORTS & CASINOS · USA

Boyd Gaming Corporation is a multi-jurisdictional gaming company. The company is headquartered in Las Vegas, Nevada.

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Penn National Gaming Inc

CONSUMER CYCLICAL · RESORTS & CASINOS · USA

Penn National Gaming, Inc. is an American operator of casinos and racetracks, based in Wyomissing, Pennsylvania.

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