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1128

Wynn MacauSEHK:1128 Stock Report

Market Cap

HK$32.1b

7D

4.4%

1Y

-50.0%

Updated

27 Sep, 2021

Data

Company Financials +
1128 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth6/6
Past Performance0/6
Financial Health0/6
Dividends0/6

1128 Overview

Wynn Macau, Limited, together with its subsidiaries, develops, owns, and operates the Wynn Palace and Wynn Macau casino resorts in Macau.

Wynn Macau Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Wynn Macau
Historical stock prices
Current Share PriceHK$6.16
52 Week HighHK$5.80
52 Week LowHK$16.68
Beta1.53
1 Month Change-28.37%
3 Month Change-48.67%
1 Year Change-50.00%
3 Year Change-65.78%
5 Year Change-50.56%
Change since IPO-42.86%

Recent News & Updates

Aug 24
An Intrinsic Calculation For Wynn Macau, Limited (HKG:1128) Suggests It's 48% Undervalued

An Intrinsic Calculation For Wynn Macau, Limited (HKG:1128) Suggests It's 48% Undervalued

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Wynn Macau, Limited...

Shareholder Returns

1128HK HospitalityHK Market
7D4.4%-0.4%-2.4%
1Y-50.0%-27.9%9.1%

Return vs Industry: 1128 underperformed the Hong Kong Hospitality industry which returned -27.9% over the past year.

Return vs Market: 1128 underperformed the Hong Kong Market which returned 9.1% over the past year.

Price Volatility

Is 1128's price volatile compared to industry and market?
1128 volatility
1128 Beta1.53
Industry Beta1.07
Market Beta1

Stable Share Price: 1128 is more volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 1128's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.

About the Company

FoundedEmployeesCEOWebsite
200912,500Matt Maddoxhttps://www.wynnmacaulimited.com

Wynn Macau, Limited, together with its subsidiaries, develops, owns, and operates the Wynn Palace and Wynn Macau casino resorts in Macau. The company’s Wynn Palace resort features approximately 424,000 square feet of casino space providing 24-hour gaming and various games comprising private gaming salons and sky casinos; a luxury hotel with a total of 1,706 guest rooms, suites, and villas; and 14 food and beverage outlets. Its Wynn Palace resort also consists of approximately 107,000 square feet of retail shopping; 37,000 square feet of meeting and convention space; recreation and leisure facilities consisting of a cable car ride, health club, spa, salon, and pool; and public entertainment attractions, including a lake, animated floral art displays, and fine art displays.

Wynn Macau Fundamentals Summary

How do Wynn Macau's earnings and revenue compare to its market cap?
1128 fundamental statistics
Market CapHK$32.07b
Earnings (TTM)-HK$5.46b
Revenue (TTM)HK$10.41b

3.1x

P/S Ratio

-5.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1128 income statement (TTM)
RevenueHK$10.41b
Cost of RevenueHK$8.77b
Gross ProfitHK$1.64b
ExpensesHK$7.10b
Earnings-HK$5.46b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-1.05
Gross Margin15.79%
Net Profit Margin-52.41%
Debt/Equity Ratio-649.3%

How did 1128 perform over the long term?

See historical performance and comparison

Valuation

Is Wynn Macau undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1128 (HK$6.16) is trading below our estimate of fair value (HK$19.97)

Significantly Below Fair Value: 1128 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1128 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Hospitality industry average.

PE vs Market: 1128 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1128's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1128 has negative assets, so we can't compare its PB Ratio to the HK Hospitality industry average.


Future Growth

How is Wynn Macau forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

72.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1128 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).

Earnings vs Market: 1128 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 1128's is expected to become profitable in the next 3 years.

Revenue vs Market: 1128's revenue (21.8% per year) is forecast to grow faster than the Hong Kong market (12.3% per year).

High Growth Revenue: 1128's revenue (21.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1128's Return on Equity is forecast to be very high in 3 years time (229.2%).


Past Performance

How has Wynn Macau performed over the past 5 years?

-35.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1128 is currently unprofitable.

Growing Profit Margin: 1128 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 1128 is unprofitable, and losses have increased over the past 5 years at a rate of 35.1% per year.

Accelerating Growth: Unable to compare 1128's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 1128 is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (18.6%).


Return on Equity

High ROE: 1128's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Financial Health

How is Wynn Macau's financial position?


Financial Position Analysis

Short Term Liabilities: 1128 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: 1128 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: 1128 has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: 1128's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: 1128's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 1128's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Wynn Macau current dividend yield, its reliability and sustainability?

4.10%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1128's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1128's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 1128's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1128's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 1128 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 1128's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.0yrs

Average management tenure


CEO

Matt Maddox (45 yo)

3.58yrs

Tenure

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...


Leadership Team

Experienced Management: 1128's management team is seasoned and experienced (5 years average tenure).


Board Members

Experienced Board: 1128's board of directors are considered experienced (8.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Wynn Macau, Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Wynn Macau, Limited
  • Ticker: 1128
  • Exchange: SEHK
  • Founded: 2009
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: HK$32.070b
  • Shares outstanding: 5.21b
  • Website: https://www.wynnmacaulimited.com

Number of Employees


Location

  • Wynn Macau, Limited
  • Rua Cidade de Sintra
  • NAPE
  • Macau
  • Macau

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 15:43
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.