Wynn Resorts Ltd

  • Earnings Score
  • Safety Score
  • Market Cap $10.35B
  • Debt $13.09B
  • Cash $3.71B
  • EV $19.74B
  • FCF $982.45M

Earnings

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Sales & Net Margins

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Earnings$953.26M
EBIT$1.12B
ROA8%
FCF$982.45M
Equity-$281.40M
Growth Stability-484%
PE10.86
PEG1.2
PB-36.8
P/FCF10.54
P/S1.45
Price/Cash0.36
Debt/Equity-46.52
Debt/FCF13.33
Net Margins4%
Op. Margins16%
Earnings CAGR3%
Sales Growth YoY1%
Sales Growth QoQ-2%
Sales CAGR-0%
FCF CAGR4%
Equity CAGR3%
Earnings Stability0.08
Earnings Growth YoY-73%
Earnings Growth QoQ-129%
Earnings CAGR 5Y9%
Sales CAGR 5Y14%
FCF CAGR 5Y2%
Equity CAGR 5Y-2%
Earnings CAGR 3Y33%
Sales CAGR 3Y33%
FCF CAGR 3Y41%
Market Cap$10.35B
Revenue$7.13B
Dividend Yield1%
Payout Ratio15%
Assets$14.11B
Total Debt$13.09B
Cash$3.71B
Shares Outstanding109.73M
EV19.74B
Earnings Score7%
Safety Score23%
Working Capital1.45B
Current Ratio1.53
Shares Growth 3y-1%
Equity Growth QoQ156%
Equity Growth YoY-66%

Assets & ROA

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Stockholders Equity & ROE

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Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO. The company operates four megaresorts: Wynn Macau and Encore in Macao and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macao, Encore Boston Harbor in Massachusetts opened June 2019. Additionally, we expect the company to begin construction on a new building next to its existing Macao Palace resort in 2022, which we forecast to open in 2025. The company also operates Wynn Interactive, a digital sports betting and iGaming platform. The company received 76% and 24% of its 2019 prepandemic EBITDA from Macao and Las Vegas, respectively.

SEC Filings

Direct access to Wynn Resorts Ltd (WYNN) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2024
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2023
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2022
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31

Sector Comparison

How does Wynn Resorts Ltd compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Wynn Resorts Ltd compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 3%
Stability 8%
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Wynn Resorts Ltd Discounted Cash Flow

Fully customizable DCF calculator online for Wynn Resorts Ltd.

= $12B
012345678910TV
fcf$982M$1B$1.1B$1.1B$1.1B$1.2B$1.2B$1.3B$1.3B$1.3B$1.4B$14B
DCF$924M$870M$819M$770M$725M$682M$642M$604M$568M$535M$5.3B
Value$12B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023TTM
Net Margins13%5%6%12%9%2%-111%-27%-19%11%4%
ROA-6%4%8%6%6%-9%-3%-1%6%8%
ROE-894%94%69%28%7%661%472%94%-290%-

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023TTM
Debt over FCF--6.89-40.4210.46-18.57-66.82-10.09-23.48-34.2215.5713.33
Debt over Equity34.8425.4940.039.134.76.22-39.06-56.2-16.93-49.87-46.52
Growth Stability---100%100%24%-484%----484%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023CAGR 5Y
Revenue YoY growth--25%7%40%11%-2%-68%80%-0%74%14%
Earnings YoY growth--73%24%209%-23%-79%-2K%-57%-30%-203%9%
Equity YoY growth--90%1K%318%89%-14%-120%-39%250%-67%-2%
FCF YoY growth-5K%-81%-468%-155%-68%740%-62%-28%-317%2%