Wynn Macau Ltd. (HK:1128)
:1128
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Wynn Macau
(1128)
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Rating:61Neutral
Price Target:
HK$6.00
▼(-3.23% Downside)
Action:ReiteratedDate:11/01/25
Wynn Macau's overall stock score reflects a balanced view of its financial recovery and valuation appeal against its technical challenges and financial risks. The company's improved revenue and profit margins are positive, but high leverage and negative equity remain significant concerns. The technical analysis suggests mixed signals, while the valuation is supported by a reasonable P/E ratio and attractive dividend yield.
Positive Factors
Revenue recovery and margin improvement
Material revenue rebound and healthier gross and net margins indicate structural operational recovery and improved pricing or cost control. Sustained margin expansion supports long‑term cash flow conversion and reinvestment capacity, strengthening resilience across business cycles.
Negative Factors
Negative equity and weak balance sheet
Negative equity and elevated leverage materially reduce financial flexibility and increase refinancing risk. Over the medium term this constrains capital allocation, raises vulnerability to adverse shocks, and can limit the firm’s ability to pursue growth or buffer downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery and margin improvement
Material revenue rebound and healthier gross and net margins indicate structural operational recovery and improved pricing or cost control. Sustained margin expansion supports long‑term cash flow conversion and reinvestment capacity, strengthening resilience across business cycles.
Read all positive factors
Wynn Macau (1128) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$29.79B
Dividend Yield5.92%
Average Volume (3M)10.34M
Price to Earnings (P/E)19.1
Beta (1Y)0.90
Revenue Growth-4.41%
EPS Growth-31.45%
CountryHK
Employees11,500
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)N/A
Shares Outstanding5,263,718,000
10 Day Avg. Volume11,931,725
30 Day Avg. Volume10,343,746
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)-2.12
Price to Sales (P/S)0.98
P/FCF Ratio4.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$7.33Price Target Upside18.28% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Wynn Macau Business Overview & Revenue Model
Company Description
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...
How the Company Makes Money
Wynn Macau generates revenue primarily through its gaming operations, which include table games and electronic gaming machines. The casino's performance is driven by both the mass market and VIP segments, with high-stakes players contributing sign...
Wynn Macau Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
45
Neutral
Cash Flow
65
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 27.63B | 28.74B | 24.27B | 5.64B | 11.73B | 7.61B |
| Gross Profit | 10.96B | 11.87B | 9.67B | -676.72M | 2.45B | -309.18M |
| EBITDA | 6.82B | 8.81B | 6.70B | -2.57B | -200.30M | -2.46B |
| Net Income | 1.84B | 3.20B | 1.17B | -7.34B | -5.18B | -7.22B |
Balance Sheet | ||||||
| Total Assets | 39.58B | 39.23B | 44.83B | 36.08B | 41.90B | 51.66B |
| Cash, Cash Equivalents and Short-Term Investments | 11.58B | 11.33B | 15.75B | 7.42B | 11.66B | 18.83B |
| Total Debt | 45.59B | 44.98B | 52.83B | 48.40B | 46.75B | 49.47B |
| Total Liabilities | 53.55B | 52.52B | 60.64B | 53.23B | 51.92B | 56.71B |
| Stockholders Equity | -13.97B | -13.29B | -15.81B | -17.15B | -10.02B | -5.06B |
Cash Flow | ||||||
| Free Cash Flow | 5.51B | 6.38B | 6.10B | -2.47B | -1.69B | -4.46B |
| Operating Cash Flow | 7.26B | 7.69B | 6.81B | -2.12B | -1.21B | -3.71B |
| Investing Cash Flow | 1.57B | 4.83B | -5.41B | -1.29B | -453.91M | -642.76M |
| Financing Cash Flow | -9.22B | -11.42B | 1.49B | -860.42M | -5.57B | 9.13B |
Wynn Macau Technical Analysis
Neutral
6.20
Price Trends
5.76
Negative
6.02
Negative
6.20
Negative
Market Momentum
-0.06
Negative
51.73
Neutral
75.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1128, the sentiment is Neutral. The current price of 6.2 is above the 20-day moving average (MA) of 5.56, above the 50-day MA of 5.76, and below the 200-day MA of 6.20, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 51.73 is Neutral, neither overbought nor oversold. The STOCH value of 75.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1128.
Wynn Macau Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$157.41B | 15.71 | 13.12% | 3.06% | 4.94% | 15.38% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | HK$29.79B | 19.06 | -11.87% | 5.92% | -4.41% | -31.45% | |
61 Neutral | HK$42.41B | 9.82 | 344.91% | 5.73% | 5.59% | -4.38% | |
55 Neutral | HK$17.82B | 8.53 | 13.18% | 1.63% | 8.23% | 175.51% | |
52 Neutral | HK$138.56B | 22.71 | 71.16% | 2.39% | -3.13% | -13.65% | |
40 Neutral | HK$15.13B | -39.90 | -3.15% | ― | 12.29% | 98.20% |
* Consumer Cyclical Sector Average
HK:1128
Wynn Macau
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Wynn Macau Corporate Events
Wynn Macau Grants Share Awards to 262 Employees Under Ownership Scheme
Jan 5, 2026
Wynn Macau has granted equity awards to 262 employees under its Employee Ownership Scheme, allowing them to subscribe for a total of 262,000 new shares, equivalent to about 0.005% of the company’s issued share capital, at no purchase price. ...
Wynn Macau Sets New Caps for Compliance Services Deal Linked to Gaming Concession
Dec 31, 2025
Wynn Macau has set new annual caps for transactions under its Compliance Services Framework Agreement for the financial years ending 31 December 2026, 2027 and 2028, governing how it engages Wynn Resorts (Macau) Limited (WRL) to provide compliance...
Wynn Macau Confirms 2026 Board Line-Up and Committee Roles
Dec 31, 2025
Wynn Macau, Limited has confirmed the composition of its board of directors effective 1 January 2026, maintaining a structure that includes three executive directors, two non-executive directors and five independent non-executive directors. The co...
Wynn Macau Sets 2026 Cap on Payments Under New Wynn Brand IP Licence
Dec 31, 2025
Wynn Macau has entered into new perpetual intellectual property licence agreements with Wynn NKH, LLC, a wholly owned subsidiary of controlling shareholder Wynn Resorts, replacing earlier agreements from 2009 and setting the framework under which ...
Wynn Macau Grants Employee Ownership Awards to Align Interests and Foster Growth
Dec 4, 2025
Wynn Macau, Limited has announced the granting of awards under its Employee Ownership Scheme to five employees, allowing them to subscribe to a total of 971,308 ordinary shares. This initiative is designed to align the interests of employees with ...
Wynn Macau Grants Share Options to Directors
Dec 4, 2025
Wynn Macau, Limited announced the grant of 4,856,000 share options to five independent non-executive directors under its share option scheme. The options, with a subscription price of HK$6.53 per share, are set to vest over a five-year period star...
Wynn Macau Announces Board Changes with New Non-Executive Director Appointment
Dec 4, 2025
Wynn Macau, Limited has announced a change in its board of directors, with Ms. Jacqui Krum appointed as a non-executive director effective January 1, 2026, succeeding Ms. Ellen F. Whittemore, whose term ends on December 31, 2025. Ms. Krum, who has...
Wynn Macau Enhances Governance with New Committee
Dec 4, 2025
Wynn Macau, Limited has established a Nomination and Corporate Governance Committee to enhance its corporate governance practices. This committee is tasked with identifying suitable candidates for the board, overseeing board performance evaluation...
Wynn Macau Highlights Key Financial Data from Wynn Resorts’ Earnings Release
Nov 7, 2025
Wynn Macau announced the release of its controlling shareholder Wynn Resorts, Limited’s unaudited financial results for the third quarter and the first three quarters of fiscal 2025. The results, prepared under U.S. GAAP, are not directly co...
Wynn Macau Announces Wynn Resorts’ Q3 2025 Financial Results
Nov 7, 2025
Wynn Macau has announced the release of its controlling shareholder, Wynn Resorts, Limited’s unaudited financial results for the third quarter and the first three quarters of fiscal 2025. The results, prepared under U.S. GAAP, are not direct...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.