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Wynn Macau Ltd. (HK:1128)
:1128

Wynn Macau (1128) AI Stock Analysis

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HK:1128

Wynn Macau

(1128)

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Neutral 61 (OpenAI - 4o)
Rating:61Neutral
Price Target:
HK$7.00
▲(13.82% Upside)
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
The significant revenue recovery post-pandemic indicates robust demand and effective business strategies, supporting long-term growth.
Cash Flow Generation
Strong cash generation enhances financial flexibility, enabling investment in growth opportunities and debt servicing, crucial for stability.
Profit Margin Improvement
Improved profit margins reflect operational efficiency and cost management, contributing to sustainable profitability and competitive positioning.
Negative Factors
High Leverage
High leverage increases financial risk and limits flexibility, potentially impacting the company's ability to withstand economic downturns.
Negative Equity
Negative equity poses a risk to financial stability, as it suggests the company is over-leveraged and may struggle to meet obligations.
Historical Volatility
Volatility in historical performance can lead to unpredictable financial outcomes, challenging strategic planning and investor confidence.

Wynn Macau (1128) vs. iShares MSCI Hong Kong ETF (EWH)

Wynn Macau Business Overview & Revenue Model

Company DescriptionWynn Macau (1128) is a premier luxury resort and casino operator located in the dynamic gaming hub of Macau, China. The company operates two main segments: gaming and non-gaming. Wynn Macau features a lavish casino with a wide array of gaming options, including table games and slot machines, alongside upscale accommodations, fine dining restaurants, retail offerings, and entertainment venues, catering to both international tourists and local patrons.
How the Company Makes MoneyWynn 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 significantly to revenue. In addition to gaming, the company earns substantial income from non-gaming activities, including hotel stays, food and beverage sales, and retail operations. Wynn Macau also benefits from partnerships with luxury brands and events that enhance its brand prestige and attract high-end clientele. The overall revenue model is supported by the strategic location of the resort, catering to both leisure and business travelers in one of the world's largest gaming markets.

Wynn Macau Financial Statement Overview

Summary
Wynn Macau's financial performance shows signs of recovery with improved revenues and profit margins. However, the company is still burdened by high leverage and negative equity, posing financial risks. Cash flow generation is strong, but historical volatility and debt levels remain concerns for long-term stability.
Income Statement
72
Positive
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
45
Neutral
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
65
Positive
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.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue27.63B28.74B24.27B5.64B11.73B7.61B
Gross Profit10.96B11.87B9.67B-676.72M2.45B-309.18M
EBITDA6.82B8.81B6.70B-2.57B-200.30M-2.46B
Net Income1.84B3.20B1.17B-7.34B-5.18B-7.22B
Balance Sheet
Total Assets39.58B39.23B44.83B36.08B41.90B51.66B
Cash, Cash Equivalents and Short-Term Investments11.58B11.33B15.75B7.42B11.66B18.83B
Total Debt45.59B44.98B52.83B48.40B46.75B49.47B
Total Liabilities53.55B52.52B60.64B53.23B51.92B56.71B
Stockholders Equity-13.97B-13.29B-15.81B-17.15B-10.02B-5.06B
Cash Flow
Free Cash Flow5.51B6.38B6.10B-2.47B-1.69B-4.46B
Operating Cash Flow7.26B7.69B6.81B-2.12B-1.21B-3.71B
Investing Cash Flow1.57B4.83B-5.41B-1.29B-453.91M-642.76M
Financing Cash Flow-9.22B-11.42B1.49B-860.42M-5.57B9.13B

Wynn Macau Technical Analysis

Technical Analysis Sentiment
Negative
Last Price6.15
Price Trends
50DMA
6.60
Negative
100DMA
6.61
Negative
200DMA
5.93
Positive
Market Momentum
MACD
-0.11
Positive
RSI
33.27
Neutral
STOCH
8.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1128, the sentiment is Negative. The current price of 6.15 is below the 20-day moving average (MA) of 6.49, below the 50-day MA of 6.60, and above the 200-day MA of 5.93, indicating a neutral trend. The MACD of -0.11 indicates Positive momentum. The RSI at 33.27 is Neutral, neither overbought nor oversold. The STOCH value of 8.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1128.

Wynn Macau Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
$58.47B13.58452.88%5.65%5.59%-4.38%
72
Outperform
$174.30B18.3212.59%3.09%4.94%15.38%
72
Outperform
$158.87B22.24111.35%2.46%-3.13%-13.65%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
61
Neutral
$34.07B18.436.02%-4.41%-31.45%
55
Neutral
HK$23.71B11.7311.98%1.54%8.23%175.51%
40
Neutral
$18.54B-0.13%12.29%98.20%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1128
Wynn Macau
6.15
0.56
10.06%
HK:0880
SJM Holdings
2.47
-0.36
-12.72%
HK:2282
MGM China Holdings
16.23
6.46
66.12%
HK:0027
Galaxy Entertainment Group
38.78
3.36
9.49%
HK:3918
NagaCorp
5.10
2.14
72.18%
HK:1928
Sands China
20.32
-0.96
-4.52%

Wynn Macau Corporate Events

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 those of the company and its shareholders, motivating staff to contribute to the company’s growth and development. The vesting schedule for these awards spans several years, ensuring long-term commitment, although the awards are not tied to specific performance targets. The company emphasizes that these arrangements are commercially competitive and aim to foster long-term growth and profitability.

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 starting from December 2026, allowing the directors to subscribe to ordinary shares of the company. This move is part of Wynn Macau’s strategy to align the interests of its directors with those of its shareholders, potentially impacting the company’s governance and stakeholder relations.

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 extensive experience in legal and executive roles within the hospitality sector, is expected to bring valuable insights and leadership to the company, potentially impacting its strategic direction and stakeholder relations.

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 evaluations, and developing governance guidelines to protect shareholder interests. The committee is composed of independent non-executive directors, ensuring diverse and independent oversight, and will meet at least annually to fulfill its responsibilities.

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 comparable to Wynn Macau’s financials, which adhere to IFRS. Stakeholders are advised to consult professional advisers to understand these differences. The announcement ensures equal access to financial information for all shareholders and potential investors, highlighting key financial data related to Wynn Macau’s operations in Macau.

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 directly comparable to Wynn Macau’s financials, which are prepared under IFRS. This announcement ensures that shareholders and potential investors have equal access to the financial information, which includes key highlights of Wynn Resorts’ Macau operations.

Wynn Macau Grants Employee Ownership Awards to 466 Staff
Oct 2, 2025

Wynn Macau announced the grant of awards under its Employee Ownership Scheme to 466 employees, allowing them to subscribe to a total of 466,000 ordinary shares. This initiative aims to align employee interests with the company’s goals, motivate staff, and recognize their contributions to the company’s long-term growth. The awards, which are not subject to performance targets, will vest in two equal installments in 2028 and 2029. The company emphasizes that the grant aligns with market practices and does not involve any financial assistance to participants.

Wynn Macau Adjusts Convertible Bond Conversion Price Following Dividend Declaration
Sep 8, 2025

Wynn Macau announced an adjustment to the conversion price of its US$600 million convertible bonds due to a declared interim dividend. The conversion price adjustment, effective from September 9, 2025, reflects a decrease from HK$9.66905 to HK$9.39194, impacting the potential share conversion and the company’s capital structure.

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.Date of analysis: Nov 01, 2025