NasdaqGS:WYNN

Stock Analysis Report

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Executive Summary

Wynn Resorts, Limited designs, develops, and operates integrated resorts.


Snowflake Analysis

High growth potential with imperfect balance sheet.


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

Stable Share Price: WYNN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

5.7%

WYNN

3.8%

US Hospitality

3.0%

US Market


1 Year Return

-29.7%

WYNN

-26.4%

US Hospitality

15.8%

US Market

Return vs Industry: WYNN underperformed the US Hospitality industry which returned -27.9% over the past year.

Return vs Market: WYNN underperformed the US Market which returned 15.4% over the past year.


Shareholder returns

WYNNIndustryMarket
7 Day5.7%3.8%3.0%
30 Day3.2%4.3%6.0%
90 Day-11.9%11.9%16.4%
1 Year-27.8%-29.7%-24.8%-26.4%18.4%15.8%
3 Year-35.1%-39.1%-17.2%-22.8%44.8%35.4%
5 Year-7.7%-16.9%-1.1%-11.7%75.7%56.7%

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

Valuation

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

6.6x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: WYNN ($76.57) is trading above our estimate of fair value ($19.05)

Significantly Below Fair Value: WYNN is trading above our estimate of fair value.


Price To Earnings Ratio

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

PE vs Market: WYNN is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: WYNN is overvalued based on its PB Ratio (6.6x) compared to the US Hospitality industry average (1.7x).


Next Steps

Future Growth

How is Wynn Resorts forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

116.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WYNN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

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

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

Revenue vs Market: WYNN's revenue (31% per year) is forecast to grow faster than the US market (9.4% per year).

High Growth Revenue: WYNN's revenue (31% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: WYNN's Return on Equity is forecast to be low in 3 years time (0.1%).


Next Steps

Past Performance

How has Wynn Resorts performed over the past 5 years?

-9.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WYNN is currently unprofitable.

Growing Profit Margin: WYNN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: WYNN is unprofitable, and losses have increased over the past 5 years at a rate of 9.9% per year.

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

Earnings vs Industry: WYNN is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-44.7%).


Return on Equity

High ROE: WYNN has a negative Return on Equity (-118.46%), as it is currently unprofitable.


Next Steps

Financial Health

How is Wynn Resorts's financial position?


Financial Position Analysis

Short Term Liabilities: WYNN's short term assets ($3.4B) exceed its short term liabilities ($1.9B).

Long Term Liabilities: WYNN's short term assets ($3.4B) do not cover its long term liabilities ($11.4B).


Debt to Equity History and Analysis

Debt Level: WYNN's debt to equity ratio (1143.6%) is considered high.

Reducing Debt: WYNN had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: WYNN's debt is not well covered by operating cash flow (4.1%).

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


Balance Sheet


Next Steps

Dividend

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

2.47%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate WYNN'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 WYNN's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: WYNN is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

Management

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

2.1yrs

Average management tenure


CEO

Matt Maddox (44 yo)

2.5yrs

Tenure

US$13,851,298

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

Compensation vs Market: Matt's total compensation ($USD13.85M) is above average for companies of similar size in the US market ($USD7.33M).

Compensation vs Earnings: Matt's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Matthew Maddox
CEO & Director2.5yrsUS$13.85m0.54%
$ 44.5m
Craig Billings
President1.25yrsUS$4.79m0.077%
$ 6.3m
Ellen Whittemore
Executive VP2.08yrsUS$2.59m0.026%
$ 2.1m
Robert Amerine
Vice President – Corporate Financeno datano datano data
Scott Moore
Chief Marketing Officer1.58yrsno datano data
Erik Hansen
Chief Sustainability Officer2.17yrsno datano data
Michael Weaver
Chief Communications Officer1.58yrsno datano data
Rose Huddleston
Senior Vice President of Human Resources for North Americano datano datano data
Linda Chen
President of Wynn International Marketing5.58yrsUS$4.33m0.22%
$ 17.8m
Ian Coughlan
President & Executive Director of Wynn Macau Limited10.92yrsno data0.12%
$ 9.6m
Marilyn Spiegel
President of Wynn Las Vegas1.58yrsno datano data
John Littell
President and COO of Wynn Design & Development LLC no datano datano data

2.1yrs

Average Tenure

57yo

Average Age

Experienced Management: WYNN's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Matthew Maddox
CEO & Director2.5yrsUS$13.85m0.54%
$ 44.5m
Linda Chen
President of Wynn International Marketing5.58yrsUS$4.33m0.22%
$ 17.8m
Ian Coughlan
President & Executive Director of Wynn Macau Limited10.92yrsno data0.12%
$ 9.6m
Philip Satre
Independent Non-Executive Chairman1.75yrsUS$556.73k0.018%
$ 1.5m
Betsy Atkins
Independent Director2.33yrsUS$392.66k0.0087%
$ 714.4k
Richard Byrne
Independent Director2yrsUS$382.73k0.0075%
$ 614.4k
Winifred Webb
Independent Director2.33yrsUS$379.16k0.0087%
$ 714.4k
Jay Johnson
Independent Director4yrsUS$375.59k0.0089%
$ 725.9k
Patricia Mulroy
Independent Director4.83yrsUS$467.97k0.010%
$ 856.3k
Clark Randt
Independent Director4.83yrsUS$362.47k0.011%
$ 877.7k
Margaret Myers
Independent Director2.33yrsUS$408.16k0.0087%
$ 714.4k

2.3yrs

Average Tenure

62yo

Average Age

Experienced Board: WYNN's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: WYNN insiders have only sold shares 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 Resorts, Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Wynn Resorts, Limited
  • Ticker: WYNN
  • Exchange: NasdaqGS
  • Founded: 2002
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: US$8.202b
  • Shares outstanding: 107.12m
  • Website: https://www.wynnresorts.com

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
W1YN34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REPR 2 COMBRBRLDec 2019

Biography

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company’s Wynn Palace segment operates 424,000 square feet of casino space with 323 table games, 1,011 slot machines, private g ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/07 00:41
End of Day Share Price2020/08/06 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.