Wynn Resorts (WYNN) AI Stock Analysis

• Market Cap: $9.06B
• Dividend Yield: 1.14%
• Average Volume (3M): 2.53M
• Price to Earnings (P/E): 23.7
• Beta (1Y): 0.96
• Revenue Growth: -0.08%
• EPS Growth: -48.66%
• Country: US
• Employees: 28,000
• Sector: Consumer Cyclical
• Sector Strength: 57
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): 1.07
• Shares Outstanding: 104,554,300
• 10 Day Avg. Volume: 2,892,694
• 30 Day Avg. Volume: 2,532,461
• PEG Ratio: 0.44
• Price to Book (P/B): -12.48
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -22.11
• Enterprise Value/Market Cap: 2.15
• Enterprise Value/Revenue: 0.69
• Enterprise Value/Gross Profit: 6.91
• Enterprise Value/Ebitda: 2.68
• 1Y Price Target: $108.17
• Price Target Upside: 24.23% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8

• Rating: 63 Neutral
• Price Target: $93.00 ▲(6.81%Upside)

Wynn Resorts' score is primarily driven by its financial resilience and strategic growth in key markets, despite significant balance sheet challenges. The company's moderate valuation and enhanced liquidity position contribute positively, while technical indicators and competitive pressures present some uncertainties.

Positive Factors

Consumer Market

Wynn's exposure to the VIP and premium mass consumer drove significant year-over-year EBITDAR growth, with stability expected in the future.

Financial Performance

Wynn's recent pullback and strong free cash flow yield are seen as factors that increasingly de-risk China/Macau exposure.

New Development

The opening of Wynn Al Marjan Island in early 2027 is expected to be a key catalyst for Wynn Resorts, as it will be the first major integrated casino resort in the Middle East.

Share Buybacks

The company bought back ~$200mn in stock during the quarter, indicating strong capital allocation.

Negative Factors

Earnings Report

WYNN reported headline 1Q results below expectations driven largely by lower VIP hold in Macau.

Geopolitical Risks

Key concerns for the business include recession risks in Las Vegas and macro and geopolitical risks for Macau.

Wynn Resorts Business Overview & Revenue Model

Company Description

Wynn Resorts, Limited (WYNN) is a leading developer and operator of high-end hotels and casinos. The company operates luxury resorts in several international locations, including Las Vegas, Macau, and Boston Harbor, offering a range of upscale amenities such as gaming, dining, entertainment, and retail experiences. Wynn Resorts is known for its opulent properties and commitment to providing exceptional customer service in the hospitality and gaming sectors.

How the Company Makes Money

Wynn Resorts generates revenue primarily through its casino operations, which include gaming tables and slot machines. In addition to gaming revenue, the company earns substantial income from its hotel accommodations, food and beverage services, and entertainment offerings. Wynn's resorts feature a variety of luxury amenities that appeal to high-end clientele, thereby enabling the company to charge premium prices. The company also benefits from retail leasing and other non-gaming income streams at its resort properties. Significant partnerships and its strategic locations in major tourism destinations contribute to its financial performance by attracting both leisure and business travelers.

Wynn Resorts Financial Statement Overview

Summary

Wynn Resorts has shown revenue growth and strong cash flow generation post-pandemic. However, challenges include high leverage and negative equity on the balance sheet.

Income Statement

Wynn Resorts has shown substantial revenue growth from 2020 to 2024, with a notable recovery from pandemic lows. The gross profit margin improved significantly over the years, indicating effective cost management. However, the net profit margin remains volatile, reflecting ongoing challenges in achieving consistent profitability. The TTM data shows a slight decline in revenue, but margins are generally stable, suggesting steady operations.

Balance Sheet

The balance sheet reflects a high debt-to-equity ratio due to negative equity, which poses financial risk. Return on equity is not meaningful due to negative equity, but the company has managed to maintain substantial assets. Despite high leverage, Wynn has managed to stabilize its asset base, although overall financial health remains a concern due to negative equity positions.

Cash Flow

Wynn Resorts demonstrates strong free cash flow generation, with significant improvement after the pandemic. The operating cash flow consistently covers net income, suggesting effective cash management. The free cash flow growth rate is positive, indicating strong operational cash generation, which is crucial for servicing debt and funding capital expenditures.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
6.97B	7.13B	6.53B	3.76B	3.76B	2.10B
	Gross Profit
2.82B	3.10B	2.82B	1.25B	1.21B	352.64M
	EBIT
1.04B	1.13B	840.17M	-247.10M	-415.25M	-1.16B
	EBITDA
1.47B	1.99B	1.72B	643.17M	310.01M	-480.30M
	Net Income Common Stockholders
429.61M	501.08M	729.99M	-709.37M	-1.01B	-2.33B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.07B	2.43B	3.72B	3.65B	2.52B	3.48B
	Total Assets
12.72B	12.98B	14.00B	13.42B	12.53B	13.87B
	Total Debt
12.18B	12.17B	13.42B	13.73B	12.05B	13.19B
	Net Debt
10.11B	9.74B	10.54B	10.08B	9.53B	9.71B
	Total Liabilities
13.83B	13.95B	15.10B	15.06B	13.37B	14.61B
	Stockholders Equity
-360.68M	-224.16M	-251.38M	-750.84M	-214.42M	-352.00M
Cash Flow		Free Cash Flow
1.06B	1.00B	740.70M	-423.78M	-569.28M	-1.36B
	Operating Cash Flow
1.24B	1.43B	1.25B	-71.27M	-222.59M	-1.07B
	Investing Cash Flow
-137.65M	-83.56M	-1.34B	1.35B	-342.42M	-265.76M
	Financing Cash Flow
-1.46B	-1.79B	-719.21M	-719.21M	-388.00M	2.46B

Wynn Resorts Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 87.07
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WYNN, the sentiment is Positive. The current price of 87.07 is below the 20-day moving average (MA) of 89.82, above the 50-day MA of 83.66, and above the 200-day MA of 86.75, indicating a neutral trend. The MACD of -0.19 indicates Positive momentum. The RSI at 49.01 is Neutral, neither overbought nor oversold. The STOCH value of 47.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WYNN.

Wynn Resorts Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CHDN	78 Outperform	$7.36B	18.13	44.13%	0.41%	11.75%	24.31%
BYD	78 Outperform	$6.12B	12.29	35.62%	0.96%	6.06%	10.05%
MGM	73 Outperform	$9.04B	14.84	21.38%	―	2.76%	-14.31%
LVS	69 Neutral	$30.02B	23.68	39.21%	2.39%	-0.09%	-13.07%
WYNN	63 Neutral	$9.06B	23.66	-51.73%	1.14%	-0.08%	-48.66%
Sector *	63 Neutral	$6.94B	11.34	2.80%	4.26%	2.68%	-24.70%
CZR	59 Neutral	$5.80B	―	-5.56%	―	-1.25%	-130.83%

Wynn Resorts Corporate Events

Wynn Resorts Amends Credit Agreement for Liquidity Boost

On June 12, 2025, Wynn Resorts announced an amendment to its credit agreement through its subsidiary Wynn Resorts Finance, LLC. This amendment extends the maturity dates of certain loans and revolving commitments to June 12, 2030, and secures an additional $500 million in extended revolving commitments. This strategic financial move aims to enhance the company’s liquidity and operational flexibility, potentially strengthening its market position and providing stability for stakeholders.

The most recent analyst rating on (WYNN) stock is a Buy with a $138.00 price target. To see the full list of analyst forecasts on Wynn Resorts stock, see the WYNN Stock Forecast page.

Wynn Resorts Adjusts Convertible Bonds Conversion Price

On June 2, 2025, Wynn Macau, Limited announced an adjustment to the conversion price of its 4.50% convertible bonds due 2029, following the payment of a final dividend of HK$0.185 per share. Effective June 3, 2025, the conversion price was adjusted from HK$10.01212 to HK$9.66905, impacting the convertible bonds’ conversion into approximately 487 million shares, which represents about 9.3% of the company’s total issued share capital.

The most recent analyst rating on (WYNN) stock is a Buy with a $138.00 price target. To see the full list of analyst forecasts on Wynn Resorts stock, see the WYNN Stock Forecast page.

Wynn Resorts Announces Dividend Amid Revenue Decline

On May 6, 2025, Wynn Resorts announced a cash dividend of $0.25 per share, payable on May 30, 2025. The company’s first-quarter results for 2025 showed a decrease in operating revenues to $1.70 billion, down from $1.86 billion in the same period of 2024. Net income also fell to $72.7 million from $144.2 million in the previous year. Despite these declines, the company maintained market share in Macau and continued its growth project in the UAE. Additionally, Wynn Resorts repurchased $200 million worth of its stock during the quarter.

Wynn Resorts’ Wynn Macau Reports Strong Financial Growth

On April 28, 2025, Wynn Macau, Limited, an indirect subsidiary of Wynn Resorts, filed its annual report for the year ended December 31, 2024, with the Hong Kong Stock Exchange. The report highlights significant financial growth, with casino revenues increasing to HK$23.6 billion and profits attributable to owners rising to HK$3.2 billion. This financial performance underscores Wynn Macau’s strong market positioning and operational success in the competitive Macau gaming industry.