Wynn Macau (WYNMY) AI Stock Analysis

• Market Cap: $3.98B
• Dividend Yield: 5.7%
• Average Volume (3M): 136.00
• Price to Earnings (P/E): 16.8
• Beta (1Y): 0.42
• 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: 16.16
• Enterprise Value/Revenue: 2.33
• Enterprise Value/Gross Profit: 5.87
• Enterprise Value/Ebitda: 9.39
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: $8.00 ▲(6.24% 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 & Margin Recovery

Wynn's 2024 revenue rebound and healthy margins indicate restored demand and operating leverage. Sustained double-digit revenue recovery plus strong net and EBIT margins support durable cash flow generation, reinvestment capacity and resilience of core operations.

Improving Cash Generation

Improved free cash flow and a high operating cash flow to net income ratio reflect strong cash conversion. Consistent FCF growth supports debt servicing, capital expenditures and shareholder distributions, enhancing financial flexibility for this capital-intensive resort business.

Premium Integrated-Resort Model

Wynn's premium integrated-resort model—combining gaming, luxury hotels, F&B and entertainment—drives cross-selling and high-margin revenue. Brand reputation and affiliation with Wynn Resorts sustain pricing power and customer loyalty, providing a durable competitive advantage.

Negative Factors

High Leverage & Negative Equity

Negative equity and heavy leverage materially weaken the balance sheet, increasing refinancing and covenant risk. High debt servicing needs limit strategic investment and reduce flexibility, making the business more vulnerable to interest rate moves or revenue shocks over the medium term.

Revenue and Profit Volatility

Documented historical swings in revenue and profitability reduce predictability of cash flows, complicate forecasting and capital allocation, and heighten the need for liquidity. Persistent volatility raises the risk profile for creditors and investors over multiple quarters.

Concentration in Macau Tourism Demand

Heavy reliance on Macau tourism concentrates exposure to regional travel patterns, mainland demand cycles and local policy changes. Limited geographic diversification magnifies earnings sensitivity to border controls, travel policy shifts and competitive/regulatory dynamics in Macau.

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: Negative
• Last Price: 7.53
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 Negative. The current price of 7.53 is below the 20-day moving average (MA) of 7.54, below the 50-day MA of 7.92, and below the 200-day MA of 7.78, indicating a neutral trend. The MACD of -0.11 indicates Negative momentum. The RSI at 46.68 is Neutral, neither overbought nor oversold. The STOCH value of 93.84 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WYNMY.

Wynn Macau Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
WYNMY	61 Neutral	$3.98B	16.78	-7.41%	5.70%	-4.05%	-31.16%
LVS	61 Neutral	$40.80B	27.23	62.28%	1.51%	8.37%	10.20%
MGM	57 Neutral	$9.16B	205.59	2.25%	―	0.05%	-94.07%
WYNN	53 Neutral	$11.83B	25.09	―	0.80%	-0.26%	-44.45%
CZR	51 Neutral	$4.40B	-18.52	-6.06%	―	0.87%	31.28%
MLCO	44 Neutral	$2.45B	23.90	―	―	11.32%	―