Boyd Gaming is a multi-jurisdictional gaming company. Co. operates wholly owned gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio and Pennsylvania. Co. has three segments: Las Vegas Locals, which includes casinos that primarily serve the resident population; Downtown Las Vegas, which focuses on gaming enthusiasts from Hawaii and tour and travel agents in Hawaii; and Midwest and South, which consists of land-based casinos, dockside riverboat casinos, racinos and barge-based casinos. Co. also owns and operates a travel agency and a captive insurance company that underwrites travel-related insurance, each located in Hawaii. We show 56 historical shares outstanding datapoints in our BYD shares outstanding history coverage, used to compute BYD market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing BYD market cap history over the course of time is important for investors
interested in comparing BYD's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of BYD versus a peer is one thing; comparing
BYD market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like BYD can fluctuate over the course of history.
With this page we aim to empower investors researching BYD by allowing them to research the BYD market cap history. |
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Video: The Importance of Market Cap
