WallStSmart

Boyd Gaming Corporation (BYD)vsMGM Resorts International (MGM)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

MGM Resorts International generates 329% more annual revenue ($17.54B vs $4.09B). BYD leads profitability with a 45.1% profit margin vs 1.2%. MGM appears more attractively valued with a PEG of 0.96. MGM earns a higher WallStSmart Score of 65/100 (C+).

BYD

Buy

62

out of 100

Grade: C+

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

MGM

Buy

65

out of 100

Grade: C+

Growth: 8.0Profit: 5.0Value: 8.0Quality: 3.5
Piotroski: 4/9Altman Z: 0.63
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
MGMFair Value (-2.2%)

Margin of Safety

-2.2%

Fair Value

$35.57

Current Price

$37.49

$1.92 premium

UndervaluedFair: $35.57Overvalued

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%

MGM2 strengths · Avg: 9.0/10
EPS GrowthGrowth
115.7%10/10

Earnings expanding 115.7% YoY

PEG RatioValuation
0.968/10

Growing faster than its price suggests

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%

MGM4 concerns · Avg: 2.0/10
Profit MarginProfitability
1.2%3/10

1.2% margin — thin

P/E RatioValuation
48.8x2/10

Premium valuation, high expectations priced in

Altman Z-ScoreHealth
0.632/10

Distress zone — elevated risk

Debt/EquityHealth
23.111/10

Elevated debt levels

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 : MGM

The strongest argument for MGM centers on EPS Growth, PEG Ratio. PEG of 0.96 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 : MGM

The primary concerns for MGM are Profit Margin, P/E Ratio, Altman Z-Score. A P/E of 48.8x leaves little room for execution misses. Debt-to-equity of 23.11 is elevated, increasing financial risk.

Key Dynamics to Monitor

MGM carries more volatility with a beta of 1.40 — expect wider price swings.

MGM is growing revenue faster at 6.0% — sustainability is the question.

MGM generates stronger free cash flow (536M), providing more financial flexibility.

Monitor RESORTS & CASINOS industry trends, competitive dynamics, and regulatory changes.

Bottom Line

MGM scores higher overall (65/100 vs 62/100). BYD offers better value entry with a 45.6% margin of safety. 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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MGM Resorts International

CONSUMER CYCLICAL · RESORTS & CASINOS · USA

MGM Resorts International is an American global hospitality and entertainment company operating destination resorts globally.

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