Wynn Macau (1128) AI Stock Analysis

• Market Cap: $38.74B
• Dividend Yield: 3.65%
• Average Volume (3M): 15.63M
• Price to Earnings (P/E): 19.9
• Beta (1Y): 0.93
• Revenue Growth: -4.41%
• EPS Growth: -31.45%
• Country: HK
• Employees: 11,500
• Sector: Consumer Cyclical
• Sector Strength: 80
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): N/A
• Shares Outstanding: 5,256,707,500
• 10 Day Avg. Volume: 17,648,142
• 30 Day Avg. Volume: 15,633,521
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.61
• Enterprise Value/Revenue: 2.17
• Enterprise Value/Gross Profit: 5.25
• Enterprise Value/Ebitda: 8.10
• 1Y Price Target: $7.63
• Price Target Upside: 7.02% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 65 Neutral
• Price Target: HK$7.00 ▼(-1.82% Downside)

Wynn Macau's stock score is driven by a combination of financial recovery and technical momentum. While the company shows improved revenue and profitability, high leverage and negative equity are significant risks. The stock's valuation is attractive with a reasonable P/E ratio and a solid dividend yield, enhancing its investment appeal.

Wynn Macau Business Overview & Revenue Model

Company Description

Wynn Macau (1128) is a prominent integrated resort developer and operator based in Macau, Special Administrative Region of China. The company is a subsidiary of Wynn Resorts Limited, a globally recognized luxury hospitality and entertainment firm. Wynn Macau operates luxury hotel and casino resorts, offering a wide range of premium services including gaming facilities, hotel accommodations, retail outlets, dining options, and entertainment venues. The resort is known for its opulent design, world-class service, and high-end amenities catering to affluent clientele.

How the Company Makes Money

Wynn Macau generates revenue primarily through its gaming operations, which include table games and slot machines catering to both mass-market and VIP customers. The company earns a significant portion of its income from the casino gaming sector, where it collects wagers from guests who participate in various games of chance. In addition to gaming revenue, Wynn Macau also derives income from its non-gaming segments such as hotel accommodations, food and beverage services, retail sales, and entertainment offerings. These ancillary services enhance the overall guest experience and contribute to the company's profitability. Strategic partnerships with high-end retail brands and renowned chefs further bolster its appeal to luxury-seeking patrons, thereby enhancing its revenue potential. Additional factors influencing Wynn Macau's earnings include its prime location in Macau, a major global gambling hub, and its reputation for delivering premium customer service.

Wynn Macau Financial Statement Overview

Summary

Wynn Macau shows revenue recovery and improved profit margins, but high leverage and negative equity pose financial risks. Strong cash flow generation is a positive, though historical volatility and debt levels remain concerns.

Income Statement

Wynn Macau has shown significant revenue recovery with a growth of 18.42% from 2023 to 2024, indicating strong recovery post-pandemic. The company also improved its gross profit margin to 41.29% and net profit margin to 11.12% in 2024, reflecting enhanced efficiency. However, challenges remain, as historical performance has been volatile and impacted by external events.

Balance Sheet

The balance sheet is concerning with a high debt-to-equity ratio due to negative equity, reflecting significant financial leverage and risk. The equity ratio is also negative, indicating that liabilities exceed assets. While there is improvement in total assets, financial stability issues remain due to high indebtedness.

Cash Flow

Wynn Macau's cash flow has improved with a positive free cash flow of 6.38 billion in 2024 and an operating cash flow to net income ratio above 2.4, indicating strong cash generation relative to net income. However, historical cash flow volatility and substantial debt obligations could impact future liquidity.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	28.74B	24.27B	5.64B	11.73B	7.61B
Gross Profit	11.62B	9.45B	-598.46M	2.45B	-309.18M
EBITDA	8.81B	6.70B	-2.57B	-200.30M	-2.46B
Net Income	3.20B	1.17B	-7.34B	-5.18B	-7.22B
Balance Sheet
Total Assets	39.23B	44.83B	36.08B	41.90B	51.66B
Cash, Cash Equivalents and Short-Term Investments	11.33B	15.75B	7.42B	11.66B	18.83B
Total Debt	44.98B	52.83B	48.40B	46.75B	49.47B
Total Liabilities	52.52B	60.64B	53.23B	51.92B	56.71B
Stockholders Equity	-13.29B	-15.81B	-17.15B	-10.02B	-5.06B
Cash Flow
Free Cash Flow	6.38B	6.10B	-2.47B	-1.69B	-4.46B
Operating Cash Flow	7.69B	6.81B	-2.12B	-1.21B	-3.71B
Investing Cash Flow	4.83B	-5.41B	-1.29B	-453.91M	-642.76M
Financing Cash Flow	-11.42B	1.49B	-860.42M	-5.57B	9.13B

Wynn Macau Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7.13
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1128, the sentiment is Positive. The current price of 7.13 is above the 20-day moving average (MA) of 6.56, above the 50-day MA of 6.26, and above the 200-day MA of 5.54, indicating a bullish trend. The MACD of 0.19 indicates Negative momentum. The RSI at 65.06 is Neutral, neither overbought nor oversold. The STOCH value of 92.03 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1128.

Wynn Macau Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1128	65 Neutral	$38.74B	19.94		3.65%	-4.41%	-31.45%
Sector *	61 Neutral	$17.75B	12.56	-5.49%	3.02%	1.43%	-14.12%
SJMHF	―	$3.16B	4,340.00	0.03%	―	―	―
MCHVF	―	$7.88B	14.10	452.88%	3.52%	―	―
GXYEF	―	$23.63B	18.43	12.59%	2.50%	―	―
NGCRF	―	$3.25B	10.27	11.98%	―	―	―
SCHYF	―	$21.93B	20.83	111.35%	1.35%	―	―

Wynn Macau Corporate Events

Wynn Macau Schedules Board Meeting to Review Interim Results

Wynn Macau, Limited has announced that its board of directors will meet on August 20, 2025, to review and approve the interim financial results for the first half of the year ending June 30, 2025. The meeting will also consider the declaration or payment of dividends and address other business matters, which could impact the company’s financial strategies and shareholder returns.

The most recent analyst rating on (HK:1128) stock is a Buy with a HK$7.00 price target. To see the full list of analyst forecasts on Wynn Macau stock, see the HK:1128 Stock Forecast page.

Wynn Macau Highlights Financial Results of Controlling Shareholder

Wynn Macau, Limited announced the unaudited financial results of its controlling shareholder, Wynn Resorts, Limited, for the second quarter and the first half of fiscal 2025. The results, prepared under U.S. GAAP, are not directly comparable to Wynn Macau’s financials which follow IFRS. The announcement highlights the importance of understanding these differences for shareholders and potential investors, as the results may impact perceptions of the company’s performance in Macau.

The most recent analyst rating on (HK:1128) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on Wynn Macau stock, see the HK:1128 Stock Forecast page.

Wynn Macau Announces Release of Wynn Resorts’ Q2 2025 Financial Results

Wynn Macau, Limited announced the release of its controlling shareholder, Wynn Resorts, Limited’s unaudited financial results for the second quarter and first half of fiscal 2025. The financial results, prepared under U.S. GAAP, are not directly comparable to Wynn Macau’s results, which follow IFRS. This announcement aims to ensure equal access to financial information for shareholders and potential investors, highlighting the company’s commitment to transparency.

The most recent analyst rating on (HK:1128) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on Wynn Macau stock, see the HK:1128 Stock Forecast page.

Wynn Macau Expands Credit Facilities to Bolster Financial Flexibility

Wynn Macau, Limited has announced an increase in its senior unsecured revolving credit facilities, raising the total committed amount to US$2.5 billion. This financial move is expected to enhance the company’s liquidity and operational flexibility, potentially impacting its market position and stakeholder interests.

The most recent analyst rating on (HK:1128) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on Wynn Macau stock, see the HK:1128 Stock Forecast page.

Wynn Macau Strengthens Stakeholder Alignment with Share Awards

Wynn Macau, Limited has granted 53,199 share awards to a former employee who will continue to provide advisory services related to community and government relations. This move is part of the company’s Employee Ownership Scheme, aimed at recognizing the individual’s contributions and aligning his interests with those of the company and its shareholders, thereby ensuring stability and effectiveness in its communications.

The most recent analyst rating on (HK:1128) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on Wynn Macau stock, see the HK:1128 Stock Forecast page.

Wynn Macau Grants Employee Ownership Awards to Boost Stakeholder Engagement

Wynn Macau, Limited announced the granting of awards under its Employee Ownership Scheme to a service provider, allowing them to subscribe for 53,199 ordinary shares. This initiative aims to align the interests of participants with the company, motivate them to enhance the company’s value, and recognize their contributions to long-term growth. The awards are not subject to performance targets, and the company has not provided financial assistance for the share purchase. This move is expected to strengthen stakeholder engagement and support the company’s strategic objectives.

The most recent analyst rating on (HK:1128) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on Wynn Macau stock, see the HK:1128 Stock Forecast page.

Wynn Macau Adjusts Convertible Bond Conversion Price Following Dividend Approval

Wynn Macau has announced an adjustment to the conversion price of its US$600 million 4.50% convertible bonds due 2029 following the approval of a final dividend of HK$0.185 per share. The conversion price has been adjusted from HK$10.01212 to HK$9.66905, effective June 3, 2025, due to this capital distribution. This adjustment impacts the potential share conversion, with the bonds now convertible into approximately 487 million shares, representing about 9.3% of the current total issued share capital.

The most recent analyst rating on (HK:1128) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on Wynn Macau stock, see the HK:1128 Stock Forecast page.

Wynn Macau Approves Key Resolutions at 2025 AGM

Wynn Macau, Limited held its Annual General Meeting on May 23, 2025, where all proposed resolutions were passed. Key decisions included the adoption of financial statements, declaration of a final dividend, re-election of directors, and granting of mandates to repurchase and issue shares. These resolutions reflect the company’s ongoing commitment to shareholder value and strategic growth, potentially enhancing its market position and operational capabilities.

The most recent analyst rating on (HK:1128) stock is a Buy with a HK$5.55 price target. To see the full list of analyst forecasts on Wynn Macau stock, see the HK:1128 Stock Forecast page.