DB:WYR

Stock Analysis Report

Executive Summary

Wynn Resorts, Limited owns and operates destination casino resorts.

Snowflake

Fundamentals

Undervalued with reasonable growth potential and pays a dividend.

Risks

  • Wynn Resorts has significant price volatility in the past 3 months.

Similar Companies

Share Price & News

How has Wynn Resorts's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

DB:WYR

-4.1%

DE Hospitality

0.7%

DE Market


1 Year Return

-33.0%

DB:WYR

-52.5%

DE Hospitality

-8.7%

DE Market

WYR outperformed the Hospitality industry which returned -52.5% over the past year.

WYR underperformed the Market in Germany which returned -8.7% over the past year.


Share holder returns

WYRIndustryMarket
7 Day0%-4.1%0.7%
30 Day-5.1%-11.5%-1.2%
90 Day-3.1%-10.7%0.2%
1 Year-31.2%-33.0%-49.3%-52.5%-5.8%-8.7%
3 Year17.8%10.8%-21.7%-32.6%20.5%10.0%
5 Year-23.9%-32.5%-7.8%-26.2%25.6%8.1%

Price Volatility Vs. Market

How volatile is Wynn Resorts's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Wynn Resorts undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Wynn Resorts's share price is below the future cash flow value, and at a moderate discount (> 20%).

Wynn Resorts's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Wynn Resorts is good value based on earnings compared to the DE Hospitality industry average.

Wynn Resorts is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

Wynn Resorts is good value based on expected growth next year.


Price Based on Value of Assets

Wynn Resorts is overvalued based on assets compared to the DE Hospitality industry average.


Next Steps

Future Growth

How is Wynn Resorts expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

18.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Wynn Resorts's revenue is expected to grow by 7.3% yearly, however this is not considered high growth (20% yearly).

Wynn Resorts's earnings are expected to grow by 18.4% yearly, however this is not considered high growth (20% yearly).

Wynn Resorts's revenue growth is expected to exceed the Germany market average.

Wynn Resorts's earnings growth is expected to exceed the Germany market average.

Wynn Resorts's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Wynn Resorts is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has Wynn Resorts performed over the past 5 years?

-1.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Wynn Resorts's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

Wynn Resorts's 1-year earnings growth exceeds its 5-year average (99.4% vs -1.8%)

Wynn Resorts's earnings growth has exceeded the DE Hospitality industry average in the past year (99.4% vs -2.6%).


Return on Equity

Whilst Wynn Resorts made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.


Return on Assets

Wynn Resorts used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.


Return on Capital Employed

Wynn Resorts has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Wynn Resorts's financial position?


Financial Position Analysis

Wynn Resorts is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Wynn Resorts's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Wynn Resorts's level of debt (479.7%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (2288.1% vs 479.7% today).

Debt is not well covered by operating cash flow (13.9%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 3.3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.2x debt.


Next Steps

Dividend

What is Wynn Resorts's current dividend yield, its reliability and sustainability?

3.32%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Wynn Resorts's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).

Wynn Resorts's dividend is below the markets top 25% of dividend payers in Germany (3.91%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.5x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).


Next Steps

Management

What is the CEO of Wynn Resorts's salary, the management and board of directors tenure and is there insider trading?

1.0yrs

Average management tenure


CEO

Matt Maddox (42yo)

1.3yrs

Tenure

US$17,129,183

Compensation

Mr. Matthew Ode Maddox, also known as Matt, has been Chief Executive Director and Executive Director at Wynn Macau, Ltd since February 7, 2018. Mr. Maddox has been Chief Executive Officer of Wynn Resorts L ...


CEO Compensation Analysis

Matt's remuneration is higher than average for companies of similar size in Germany.

Matt's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.0yrs

Average Tenure

51yo

Average Age

The average tenure for the Wynn Resorts management team is less than 2 years, this suggests a new team.


Board Age and Tenure

1.2yrs

Average Tenure

62.5yo

Average Age

The average tenure for the Wynn Resorts board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month insider trading information.


Recent Insider Transactions

Sell€44,43515 Mar 19
Patricia Mulroy
EntityIndividual
Role
Member of the Board of Directors
Shares425
Max Price€104.55
Buy€894,48115 Nov 18
Philip Satre
EntityIndividual
Role
Chairman of the Board
Shares9,800
Max Price€91.27

Ownership Breakdown


Management Team

  • Ian Coughlan (59yo)

    President of Wynn Macau Limited

    • Tenure: 2.8yrs
  • Rose Huddleston

    Senior Vice President of Human Resources for North America

  • Linda Chen (51yo)

    President of Wynn International Marketing

    • Tenure: 14.4yrs
    • Compensation: $4.33m
  • Michael Weaver

    Chief Communications Officer

    • Tenure: 0.4yrs
  • Erik Hansen

    Chief Sustainability Officer

    • Tenure: 1.0yrs
  • Matt Maddox (42yo)

    CEO & Director

    • Tenure: 1.3yrs
    • Compensation: $17.13m
  • Scott Moore

    Chief Marketing Officer

    • Tenure: 0.4yrs
  • Ellen Whittemore (61yo)

    Executive VP

    • Tenure: 0.9yrs
    • Compensation: $2.29m
  • Craig Billings (45yo)

    President

    • Tenure: 0.1yrs
    • Compensation: $7.50m
  • Robert Amerine

    Vice President – Corporate Finance


Board Members

  • Phil Satre (67yo)

    Non-Executive Chairman

    • Tenure: 0.6yrs
    • Compensation: $425.47k
  • Linda Chen (51yo)

    President of Wynn International Marketing

    • Tenure: 4.4yrs
    • Compensation: $4.33m
  • Betsy Atkins (65yo)

    Independent Director

    • Tenure: 1.2yrs
    • Compensation: $728.08k
  • Jay Johnson (71yo)

    Director

    • Tenure: 2.8yrs
    • Compensation: $470.66k
  • Rich Byrne (57yo)

    Independent Director

    • Tenure: 0.8yrs
    • Compensation: $338.56k
  • Pat Mulroy (65yo)

    Director

    • Tenure: 3.7yrs
    • Compensation: $549.73k
  • Matt Maddox (42yo)

    CEO & Director

    • Tenure: 0.8yrs
    • Compensation: $17.13m
  • Dee Dee Myers (56yo)

    Independent Director

    • Tenure: 1.2yrs
    • Compensation: $735.57k
  • Wendy Webb (60yo)

    Independent Director

    • Tenure: 1.2yrs
    • Compensation: $723.94k
  • Sandy Randt (72yo)

    Director

    • Tenure: 3.7yrs
    • Compensation: $364.65k

Company Information

Wynn Resorts, Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Wynn Resorts, Limited
  • Ticker: WYR
  • Exchange: DB
  • Founded: 2002
  • Industry: casinos and gaming
  • Sector: consumer services
  • Market Cap: US$13.070b
  • Listing Market Cap: US$11.652b
  • Shares outstanding: 107.13m
  • Website: Click here

Number of Employees


Location

  • Wynn Resorts, Limited
  • 3131 Las Vegas Boulevard South
  • Las Vegas
  • Nevada
  • 89109
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WYNNNasdaqGS (Nasdaq Global Select)YesCommon Stock 0.01USUSDOct 2002
WYNN *BMV (Bolsa Mexicana de Valores)YesCommon Stock 0.01MXMXNOct 2002
WYRDB (Deutsche Boerse AG)YesCommon Stock 0.01DEEUROct 2002
WYNNSWX (SIX Swiss Exchange)YesCommon Stock 0.01CHCHFOct 2002
0QYKLSE (London Stock Exchange)YesCommon Stock 0.01GBUSDOct 2002

Biography

Wynn Resorts, Limited owns and operates destination casino resorts. As of February 20, 2019, the company’s Wynn Palace segment had approximately 424,000 square feet of casino space, which offered 320 table ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/06/19 21:33
End of Day Share Price2019/06/05 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.