Wynn Macau (WYNMY) AI Stock Analysis

• Market Cap: $4.21B
• Dividend Yield: 5.7%
• Average Volume (3M): 136.00
• Price to Earnings (P/E): 17.7
• Beta (1Y): 0.39
• Revenue Growth: -4.05%
• EPS Growth: -31.16%
• Country: US
• Employees: 11,500
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): N/A
• Shares Outstanding: 525,797,700
• 10 Day Avg. Volume: 23
• 30 Day Avg. Volume: 136
• PEG Ratio: 0.04
• Price to Book (P/B): -2.08
• Price to Sales (P/S): 0.96
• P/FCF Ratio: 4.33
• Enterprise Value/Market Cap: 15.42
• Enterprise Value/Revenue: 2.35
• Enterprise Value/Gross Profit: 5.93
• Enterprise Value/Ebitda: 9.48
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: $9.00 ▲(12.36% Upside)

Wynn Macau's overall stock score is driven primarily by its financial performance and valuation. The company shows a strong recovery in revenue and profitability, but its high leverage and negative equity are significant concerns. The valuation is supported by a reasonable P/E ratio and an attractive dividend yield. Technical analysis indicates potential short-term weakness, but no strong momentum in either direction.

Positive Factors

Revenue Recovery

The significant revenue recovery indicates a strong rebound in business operations post-pandemic, reflecting effective management and market demand.

Cash Flow Generation

Improved cash flow generation enhances financial flexibility, allowing for reinvestment in operations and debt reduction, supporting long-term stability.

Profitability

Strong profitability margins indicate efficient cost management and operational efficiency, which are crucial for sustaining competitive advantage.

Negative Factors

High Leverage

High leverage and negative equity pose financial risks, limiting the company's ability to withstand economic downturns and invest in growth.

Revenue Volatility

Revenue volatility can impact financial predictability and planning, making it challenging to maintain consistent growth and investor confidence.

Debt Levels

Excessive debt levels can strain cash flows and limit strategic options, necessitating a focus on debt reduction for long-term health.

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 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 Money

Wynn Macau generates revenue primarily through its casino operations, which include a wide range of gaming options such as slot machines, table games, and high-stakes gaming. In addition to gaming revenue, the company earns income from its hotel operations by offering luxury accommodations and services to guests, which includes room bookings, food and beverage sales, and spa services. Retail shopping and entertainment venues within the resort further enhance revenue streams. The company's strategic partnerships with high-end brands and its focus on attracting affluent clientele contribute positively to its earnings. Seasonal promotions and events also play a role in driving traffic to the resort, thereby increasing overall income.

Wynn Macau Financial Statement Overview

Summary

Wynn Macau shows promising recovery in revenue and profitability, with solid margins and improving cash flow generation. However, the company's high leverage and negative equity pose significant risks. Continued focus on strengthening the balance sheet and maintaining positive cash flow is vital for future stability.

Income Statement

Wynn Macau's revenue has shown a significant recovery with a revenue growth rate of 18.41% in 2024 compared to 2023, after a severe decline during the early pandemic years. The company has returned to profitability with a strong net profit margin of 11.12% in 2024. Additionally, the EBIT margin is healthy at 18.54%, indicating efficient cost management. However, historical volatility in revenue and profitability due to external factors remains a concern.

Balance Sheet

The company's balance sheet is heavily leveraged, with a negative stockholders' equity of -13.29 billion in 2024 and a high debt-to-equity ratio that cannot be calculated due to negative equity. Although total assets are substantial, the equity ratio is negative, highlighting potential financial instability. Improvements in equity and reduction in debt levels are crucial for long-term sustainability.

Cash Flow

Wynn Macau's cash flow performance has improved, with a free cash flow growth rate of 4.76% in 2024. The operating cash flow to net income ratio is strong at 2.40, suggesting robust cash generation relative to net income. However, the company's ability to consistently generate positive free cash flow is essential, given the high leverage and historical fluctuations in cash flows.

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	11.62B	9.45B	-598.46M	2.45B	-309.18M
EBITDA	6.85B	8.55B	6.13B	-2.57B	-86.54M	-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	6.39B	6.10B	-2.47B	-1.69B	-4.46B
Operating Cash Flow	7.22B	7.69B	6.81B	-2.12B	-1.21B	-3.71B
Investing Cash Flow	1.55B	4.83B	-5.41B	-1.29B	-453.91M	-642.76M
Financing Cash Flow	-8.07B	-11.42B	1.49B	-860.42M	-5.57B	9.13B

Wynn Macau Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 8.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WYNMY, the sentiment is Neutral. The current price of 8.01 is below the 20-day moving average (MA) of 8.09, below the 50-day MA of 8.37, and above the 200-day MA of 7.68, indicating a neutral trend. The MACD of -0.14 indicates Negative momentum. The RSI at 43.52 is Neutral, neither overbought nor oversold. The STOCH value of 85.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for WYNMY.

Wynn Macau Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LVS	74 Outperform	$44.83B	29.92	62.28%	1.51%	8.37%	10.20%
MGM	63 Neutral	$10.14B	232.83	2.25%	―	0.05%	-94.07%
WYNN	62 Neutral	$13.00B	27.57	―	0.80%	-0.26%	-44.45%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
WYNMY	61 Neutral	$4.21B	17.75	-7.41%	5.70%	-4.05%	-31.16%
MLCO	56 Neutral	$3.08B	29.98	―	―	11.32%	―
CZR	51 Neutral	$5.00B	-21.33	-6.06%	―	0.87%	31.28%

Wynn Macau Corporate Events

Wynn Macau Reports Decline in 2025 Earnings

Wynn Macau, a prominent player in the casino and hospitality industry, operates two integrated resorts in Macau, offering a blend of gaming, luxury accommodations, and entertainment. The company’s recent earnings report for the first half of 2025 highlights a challenging period with a decline in key financial metrics. Casino revenues fell to HK$11.39 billion from HK$12.09 billion in the previous year, while adjusted EBITDA decreased to HK$3.47 billion from HK$4.35 billion. Net profits attributable to owners also saw a significant drop to HK$230.62 million from HK$1.59 billion, reflecting the broader economic challenges faced by the company. Despite these setbacks, Wynn Macau declared an interim dividend of HK$0.185 per share, signaling a commitment to shareholder returns. The company continues to navigate a complex regulatory environment in Macau, with a focus on maintaining its gaming concession and meeting investment commitments. Looking ahead, Wynn Macau remains focused on enhancing its resort offerings and exploring growth opportunities in the competitive Macau market.