रैंकिंग पर वापस जाएं

Wynn Resorts, Limited (WYNN)

NEUTRAL
Consumer CyclicalResorts & CasinosUnited States

Fundamental

62

मूल्य

$98.61

मार्केट कैप

$10.40B

भाग 1 · कंपनी का मूल्य कितना है

अवलोकन

Wynn Resorts designs, builds and operates luxury casino resorts, with properties in Macau, Las Vegas and, since 2019, near Boston. Revenue comes from casino gaming — table games and slot machines — plus hotel rooms, restaurants, retail and entertainment at the same resorts. Its Macau operations run under a government concession to operate casinos through 2032, while Nevada and Massachusetts gaming licenses govern the two US properties. Roughly half of group revenue now comes from Macau.

यह पैसा कैसे कमाती है

Casino revenue is the largest piece and the most volatile: it depends on how much high rollers wager and how the house edge plays out over a period, so results swing quarter to quarter even when visitor numbers hold steady. Hotel, dining, retail and entertainment revenue is steadier and depends on occupancy and room rates. Because resorts are capital-intensive with high fixed costs, small swings in gaming volume move profit far more than they move revenue.

सेगमेंट के अनुसार राजस्व

Macau Operations52.1%

Wynn Palace and Wynn Macau, two integrated casino resorts on the Cotai Strip and the peninsula, generating the largest share of group revenue.

Las Vegas Operations36%

Wynn Las Vegas and Encore, a single integrated resort on the Las Vegas Strip combining casino, hotel, dining and convention space.

Encore Boston Harbor11.9%

A single casino resort on Boston Harbor, opened in 2019, serving the New England gaming market.

प्रतिस्पर्धी बढ़त (Moat)

पेटेंट और लाइसेंस · संकीर्ण

Casino resorts of this scale require a government concession or license granted to only a handful of operators — six in Macau, a limited set in Nevada and Massachusetts — which keeps new entrants out. But it cuts both ways: the same concession can be modified, taxed more heavily, or not renewed, and Wynn already competes hard against the other five Macau operators for the same premium players.

मांग को क्या चलाता है

चक्रीय

Casino spending is discretionary and tied to disposable income, business and leisure travel, and, in Macau, the willingness of mainland Chinese visitors to travel and wager. Wynn's own filings flag vulnerability to economic slowdowns and travel restrictions; the pandemic-era closures of its Macau properties showed how quickly that revenue can approach zero.

प्रमुख जोखिम

  • Gaming licenses can be limited or revoked — Wynn operates under extensive regulatory oversight in Macau, Nevada and Massachusetts. Gaming concessions and licenses could be modified, suspended or revoked, potentially halting operations at a property.
  • Cash flow concentrated in a handful of properties — The company states that virtually all of its cash flow comes from a handful of large properties in Macau, Las Vegas and Boston, so a downturn or regulatory change in any one region can disproportionately affect overall results.
  • Macau-specific regulatory constraints — Wynn Macau must obtain government approval for major corporate decisions and meet investment plan requirements, and faces a gaming tax of 35% plus up to 5% in public-interest contributions, limiting operating flexibility.
  • Dependence on discretionary travel spending — Operations depend significantly on discretionary consumer spending and international travel patterns, making results vulnerable to economic slowdowns or travel restrictions.

ग्राहक Concentration

Wynn does not disclose a customer concentration percentage, but its own risk factors describe heavy dependence on a relatively small number of high-end 'premium' credit players in Macau, whose wagering swings materially move results.

खरीदने के पक्ष में तर्क

Buyers argue that Macau's gaming market is recovering toward pre-pandemic levels, that Wynn's brand travels well with premium mass-market players, and that a limited number of licensed operators in each jurisdiction protects pricing and margins once a resort is built and running.

बेचने के पक्ष में तर्क

Sellers fear that nearly all of Wynn's cash flow comes from a handful of properties in three jurisdictions, so a policy shift in Macau, a Nevada regulatory action, or a downturn in high-end discretionary travel would hit results with little offsetting diversification, and that heavy dependence on premium credit players adds volatility to reported earnings.

वित्त वर्ष 2025 के सेगमेंट आंकड़ेस्रोत: Wynn Resorts, Limited Reports Fourth Quarter and Year End 2025 ResultsWynn Resorts, Ltd. Files Annual Report (Form 10-K)

Written by the editors, published on 18 अगस्त 2026

Direct competitors

Who this company fights with for the same customers

No editorial profile for this company yet

No competitor list for this company yet.

बैलेंस शीट और तरलता

राजस्व

$7.41B

पिछले 12 महीने (30/6/2026 तक)

शुद्ध आय

$449M

पिछले 12 महीने (30/6/2026 तक)

Free Cash Flow

$692M

कुल इक्विटी

$-275M

कुल देनदारियाँ

$14.14B

Current Ratio

0.91

Interest Coverage

1.89

Debt/EBITDA

7.10

Earnings Per Share

राजस्व और शुद्ध आय

Free Cash Flow

आय विवरण

ऐतिहासिक विवरण

समय के साथ मार्जिन

समय के साथ ऋण

ऋण कितना भारी है

वृद्धि तालिका

वृद्धि — राजस्व

Fair Value अनुमान

कम मूल्यांकित

Fair Value

$139.54

वर्तमान मूल्य

$98.61

Margin of Safety

+29.3%

Fair Value सीमा

$90.70 - $188.38

अनुमान विधियाँ

Analyst Target:$132.58
DCF:$248.05
PE-based:$80.16
Graham Growth:$67.89
EPV:$91.67
विश्लेषक सहमति:दृढ़ खरीदें (27B / 1H / 0S)
अंतिम Earnings सरप्राइज़:+9.43%

मूल्यांकन मेट्रिक्स

P/E Ratio

23.84

ROE

-118.8%

P/B Ratio

-

P/FCF

12.93

Gross Margin

-

ROIC

9.0%

लाभप्रदता Radar

Value Creation (Economic Moat)

ROIC

9.0%

WACC

6.7%

ROIC − WACC

+2.3 pp

ROIC exceeds the cost of capital — the company is creating value for shareholders.

Fundamental विश्लेषण मानदंड

पास (14)

  • EPS shows upward trend
  • ROIC 9.0%
  • P/FCF 12.93
  • Operating Margin 15.7%
  • Positive Free Cash Flow
  • Current Ratio
  • Interest Coverage
  • Return on Tangible Assets
  • Low reliance on intangibles
  • Revenue Growth 5Y 27.8%
  • Analyst Consensus 96% Buy
  • Earnings Quality (OCF/NI) 3.25
  • Share Dilution -9.5%
  • Net Margin Trend 6.1% vs 5.5%

फेल (8)

  • EPS CAGR 2.94%
  • Price CAGR 1.49%
  • CapEx intensity
  • Debt/EBITDA
  • DCF valuation (Fairly valued)
  • ROE -244.7%
  • Earnings Surprise avg -10.7%
  • Piotroski F-Score 4/9

अनुपलब्ध (6)

  • Gross Margin NaN%
  • P/B Ratio NaN
  • Dividend Payout NaN%
  • Debt/Equity ratio
  • Price below Graham Number
  • PEG Ratio (need PE > 0 and growth > 0)

Piotroski F-Score

4/9

मिश्रित संकेत: कुछ क्षेत्रों पर ध्यान देना आवश्यक

score
criteria

Earnings गुणवत्ता

3.25

उच्च गुणवत्ता: earnings नकदी द्वारा समर्थित

शेयर Dilution

-9.5%

शेयर वापस खरीद रही है। शेयरधारक अनुकूल

प्रशासन

कार्यकारी टीम

नामपदआयु
Mr. Craig Scott BillingsCEO & Director52
Ms. Jacqui KrumExecutive VP, General Counsel & Secretary50
Mr. Craig Jeffrey FullaloveChief Financial Officer43
Mr. Price Alexander KarrSenior VP of IR, Corporate Finance & Treasurer39
Mr. Michael WeaverChief Communications Officer-
Mr. Erik HansenChief Sustainability Officer-
Mr. Brian GullbrantsChief Operating Officer - North America-
Ms. Jenny HoladayPresident of Encore Boston Harbor-
Mr. Todd-Avery LenahanPresident & Chief Creative Officer of Wynn Design and Development, LLC-
Mr. Max TappeinerPresident of Wynn Al Marjan Island-

Audit जोखिम

6

बोर्ड जोखिम

3

मुआवजा जोखिम

4

शेयरधारक अधिकार जोखिम

9

भाग 2 · कीमत और खरीदने का समय

यह हिस्सा यह नहीं बताता कि कंपनी अच्छी है या नहीं: यह तय करने में मदद करता है कि उसे कब खरीदें, जब फंडामेंटल आपको आश्वस्त कर चुके हों। इसमें: तकनीकी विश्लेषण, संभावना, ऐतिहासिक गिरावट, गामा एक्सपोज़र।

Latest News

Recent headlines for WYNN, sourced from Markets Gazette.

  • 5/7/2026NEGATIVE
    Wynn Expects ‘Modest Delay’ in Opening of New Middle East Casino

    Wynn Resorts Ltd. has announced a 'modest delay' in the opening of its new casino resort in the United Arab Emirates, according to CEO Craig Billings. While specific revised timelines were not provided, the delay suggests potential challenges in project execution or regulatory approvals. Investors will be monitoring for updated guidance on the opening date and any associated cost implications. This news could negatively impact short-term sentiment for Wynn Resorts, as project delays often lead to revised revenue forecasts and increased capital expenditure timelines.

  • 5/5/2026NEGATIVE
    Wynn Weighs Delayed Opening of Its UAE Resort Due to Iran War

    Wynn Resorts Ltd. is reportedly contemplating a delay in the opening of its highly anticipated integrated resort in the United Arab Emirates. This potential postponement stems from construction setbacks attributed to the ongoing geopolitical tensions and the US military engagement in the region, specifically the war with Iran. The news suggests that supply chain disruptions and logistical challenges are impacting the project's timeline. For investors, this indicates potential cost overruns and a delayed revenue stream from a key growth initiative, casting a shadow over the company's near-term financial outlook.

via Markets Gazette

Disclaimer

यह प्लेटफ़ॉर्म केवल शैक्षिक उद्देश्यों के लिए है। यह कोई वित्तीय, निवेश, या ट्रेडिंग सलाह नहीं देता। सभी स्कोर, मूल्यांकन, और संकेत सार्वजनिक रूप से उपलब्ध डेटा के स्वचालित विश्लेषण पर आधारित हैं जो अधूरे या गलत हो सकते हैं। निवेश निर्णय लेने से पहले हमेशा अपना शोध करें और एक योग्य वित्तीय सलाहकार से परामर्श लें।

निर्मित द्वारा CODEPRESS s.r.l.