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Wynn Macau Ltd. (HK:1128)
:1128
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Wynn Macau (1128) AI Stock Analysis

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HK

Wynn Macau

(OTC:1128)

Rating:71Outperform
Price Target:
HK$7.50
▲(12.44%Upside)
Wynn Macau's stock score is primarily driven by strong technical indicators and an attractive valuation, despite financial risks from high leverage and historical volatility. The absence of notable corporate events or earnings call data limits further insights.

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

Wynn Macau Business Overview & Revenue Model

Company DescriptionWynn 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 gaming and various games comprising private gaming salons and sky casinos; a luxury hotel with a total of 1,706 guest rooms, suites, and villas; and 14 food and beverage outlets. Its Wynn Palace resort also consists of approximately 107,000 square feet of retail shopping; 37,000 square feet of meeting and convention space; recreation and leisure facilities consisting of a cable car ride, health club, spa, salon, and pool; and public entertainment attractions, including a lake, animated floral art displays, and fine art displays. In addition, the company's Wynn Macau resort features approximately 252,000 square feet of casino space offering 24-hour gaming and various games, including private gaming salons, sky casinos, and a poker pit; two hotel towers with 1,010 rooms and suites; 12 food and beverage outlets; and recreation and leisure facilities, such as two health clubs and spas, a salon, and a pool. Further, its Wynn Macau resort includes approximately 59,000 square feet of retail shopping and 31,000 square feet of meeting and convention space. The company was incorporated in 2009 and is headquartered in Macau. Wynn Macau, Limited is a subsidiary of WM Cayman Holdings Limited I.
How the Company Makes MoneyWynn Macau generates revenue primarily through its casino operations, which include table games and slot machines catering to both mass-market patrons and VIP customers. The company also earns significant income from its non-gaming amenities such as hotel rooms, food and beverage services, retail outlets, and entertainment offerings. A key aspect of its revenue model is the ability to attract high-net-worth individuals and gaming enthusiasts from across the globe, supported by strategic marketing and partnerships with junket operators who bring in VIP players. Additionally, the company benefits from its strong brand reputation and the ongoing growth of the tourism and gaming industry in Macau, contributing to its financial performance.

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 Revenue28.23B28.74B24.27B5.64B11.73B7.61B
Gross Profit10.10B11.62B9.45B-598.46M2.45B-309.18M
EBITDA4.86B8.81B6.70B-2.57B-200.30M-2.46B
Net Income1.88B3.20B1.17B-7.34B-5.18B-7.22B
Balance Sheet
Total Assets10.74B39.23B44.83B36.08B41.90B51.66B
Cash, Cash Equivalents and Short-Term Investments649.91M11.33B15.75B7.42B11.66B18.83B
Total Debt8.04B44.98B52.83B48.40B46.75B49.47B
Total Liabilities10.12B52.52B60.64B53.23B51.92B56.71B
Stockholders Equity613.27M-13.29B-15.81B-17.15B-10.02B-5.06B
Cash Flow
Free Cash Flow8.32B6.38B6.10B-2.47B-1.69B-4.46B
Operating Cash Flow10.96B7.69B6.81B-2.12B-1.21B-3.71B
Investing Cash Flow-2.58B4.83B-5.41B-1.29B-453.91M-642.76M
Financing Cash Flow-16.12B-11.42B1.49B-860.42M-5.57B9.13B

Wynn Macau Technical Analysis

Technical Analysis Sentiment
Positive
Last Price6.67
Price Trends
50DMA
5.41
Positive
100DMA
5.30
Positive
200DMA
5.44
Positive
Market Momentum
MACD
0.35
Negative
RSI
81.92
Negative
STOCH
91.16
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 6.67 is above the 20-day moving average (MA) of 5.61, above the 50-day MA of 5.41, and above the 200-day MA of 5.44, indicating a bullish trend. The MACD of 0.35 indicates Negative momentum. The RSI at 81.92 is Negative, neither overbought nor oversold. The STOCH value of 91.16 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

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
$35.06B10.89
5.55%16.27%172.71%
62
Neutral
AU$2.84B27.145.13%5.15%2.35%-31.70%
$2.83B3,970.000.03%
$7.53B12.37
3.36%
$21.51B17.1411.92%2.92%
$2.37B20.775.24%
$19.82B18.82203.51%10.29%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1128
Wynn Macau
6.67
0.84
14.45%
SJMHF
SJM Holdings
0.40
0.10
33.33%
MCHVF
MGM China Holdings
1.92
0.44
29.73%
GXYEF
Galaxy Entertainment Group
4.40
0.12
2.80%
NGCRF
NagaCorp
0.52
0.04
8.33%
SCHYF
Sands China
2.43
0.36
17.39%

Wynn Macau Corporate Events

Wynn Macau Strengthens Stakeholder Alignment with Share Awards
Jun 23, 2025

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
Jun 16, 2025

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
Jun 2, 2025

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
May 23, 2025

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.

Wynn Macau Highlights Q1 2025 Results of Controlling Shareholder
May 7, 2025

Wynn Macau announced the unaudited financial results of its controlling shareholder, Wynn Resorts, Limited, for the first quarter ended March 31, 2025. The financial results, prepared under U.S. GAAP, include segmented information about Wynn Resorts’ Macau operations, which are owned by Wynn Macau. Shareholders and investors are advised that these results are not directly comparable to Wynn Macau’s financials prepared under IFRS, and there is no assurance that Wynn Macau’s results will align with those of Wynn Resorts.

Wynn Macau Highlights First Quarter Financial Results of Controlling Shareholder
May 7, 2025

Wynn Macau announced that its controlling shareholder, Wynn Resorts, Limited, has released its unaudited financial results for the first quarter of 2025. These results, prepared under U.S. GAAP, include financial information about Wynn Macau’s operations in Macau. However, due to differences in accounting standards, these results are not directly comparable to Wynn Macau’s own financial disclosures. The announcement ensures that shareholders and potential investors have equal access to this information, highlighting its potential impact on the company’s operations and market positioning.

Wynn Macau Grants Employee Ownership Awards to 424 Staff
May 2, 2025

Wynn Macau, Limited has announced the granting of awards under its Employee Ownership Scheme to 424 employees, allowing them to subscribe for a total of 424,000 ordinary shares. This initiative aims to align employee interests with the company and its shareholders, motivate participants to enhance company value, and recognize contributions to the company’s long-term growth. The awards are not subject to performance targets and will vest in two equal parts in 2028 and 2029. The company has ensured that none of the selected participants are directors or major shareholders, and the issuance of new shares will remain within the scheme mandate limit.

Wynn Macau Announces 2025 Annual General Meeting and Share Repurchase Mandate
Apr 17, 2025

Wynn Macau, Limited has announced its 2025 Annual General Meeting, scheduled for May 23, 2025, where key agenda items include the adoption of the 2024 financial statements, declaration of a final dividend, re-election of directors, and re-appointment of auditors. Additionally, a special resolution will be considered to grant the board a mandate to repurchase up to 10% of the company’s shares, which could impact shareholder value and market perception.

Wynn Macau Announces Final Dividend for 2024
Apr 17, 2025

Wynn Macau, Limited has announced a final ordinary dividend of HKD 0.185 per share for the financial year ending December 31, 2024. Shareholders’ approval for this dividend is scheduled for May 23, 2025, with the payment date set for June 11, 2025. This announcement reflects the company’s continued financial performance and commitment to returning value to its shareholders.

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: Jul 10, 2025