Wynn Resorts (WYNN) AI Stock Analysis

• Market Cap: $12.88B
• Dividend Yield: 0.82%
• Average Volume (3M): 2.11M
• Price to Earnings (P/E): 36.3
• Beta (1Y): 0.87
• Revenue Growth: -1.94%
• EPS Growth: -53.90%
• Country: US
• Employees: 28,000
• Sector: Consumer Cyclical
• Sector Strength: 81
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): 1.09
• Shares Outstanding: 103,976,530
• 10 Day Avg. Volume: 1,865,970
• 30 Day Avg. Volume: 2,114,713
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.49
• Enterprise Value/Revenue: 2.75
• Enterprise Value/Gross Profit: 6.46
• Enterprise Value/Ebitda: 11.05
• 1Y Price Target: $129.18
• Price Target Upside: 6.36% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 12

• Rating: 68 Neutral
• Price Target: $137.00 ▲(12.80% Upside)

Wynn Resorts' stock is supported by strong technical indicators and positive earnings call sentiment. However, financial performance is hindered by high leverage and negative equity, and valuation metrics suggest the stock is relatively expensive. Corporate events provide mixed signals, with both challenges and strategic financial improvements.

Positive Factors

Strong Casino Revenue Growth

The significant growth in casino revenues indicates robust demand and effective operational strategies, enhancing Wynn's market position and long-term revenue potential.

Financial Flexibility

The expansion of the loan facility enhances financial flexibility, allowing Wynn to invest in growth opportunities and manage debt, supporting long-term strategic initiatives.

Macau Gaming Revenue Growth

The increase in Macau gaming revenues suggests a recovery in the region, benefiting Wynn's operations and contributing to sustained revenue growth in a key market.

Negative Factors

High Leverage and Negative Equity

High leverage and negative equity indicate financial instability, posing risks to cash flow and limiting the company's ability to invest in growth or weather economic downturns.

Decline in Macau Casino Revenues

The decline in Macau revenues reflects operational challenges in a key market, potentially impacting profitability and competitive positioning if not addressed.

Pressure on Profit Margins

Decreasing profit margins suggest rising costs or pricing pressures, which could erode profitability and affect long-term financial health if not managed effectively.

Wynn Resorts Business Overview & Revenue Model

Company Description

Wynn Resorts, Limited is a premier global developer and operator of luxury hotels and casinos. Founded by Steve Wynn, the company is headquartered in Las Vegas, Nevada, and operates iconic properties such as Wynn Las Vegas and Encore at Wynn Las Vegas, as well as Wynn Macau and Wynn Palace in Cotai. Wynn Resorts focuses on providing an upscale gaming experience, fine dining, high-end retail, and entertainment options to its guests, positioning itself as a leader in the luxury hospitality sector.

How the Company Makes Money

Wynn Resorts generates revenue primarily through its casino operations, hotel accommodations, and various entertainment and dining offerings. The company's gaming revenue comes from slot machines, table games, and poker, which attract a high volume of both casual and high-stakes players. Additionally, Wynn generates significant revenue from its hotel segment, where room bookings, resort fees, and additional guest services contribute to earnings. The company's diverse range of restaurants and bars, along with retail shops, provide supplementary income. Wynn Resorts also benefits from partnerships with various entertainment providers, enhancing its offerings and attracting visitors. Seasonality and tourism trends can significantly impact earnings, with peak seasons corresponding to major events and holidays contributing to higher occupancy rates and gaming revenues.

Wynn Resorts Financial Statement Overview

Summary

Wynn Resorts shows strong revenue growth and gross profit margins, but faces challenges in profitability and financial stability due to high leverage and negative equity. Cash flow generation is moderate, with some strengths in converting income to cash. Overall, the company shows potential for growth but must address financial risks and improve profitability.

Income Statement

Wynn Resorts has shown a positive revenue growth trend with a 7% increase in TTM, following a 9.1% growth in the previous year. The gross profit margin remains strong at 42.5% TTM, indicating efficient cost management. However, the net profit margin has decreased to 5.5% TTM from 7% in the previous year, suggesting pressure on profitability. The EBIT and EBITDA margins have also slightly declined, reflecting potential operational challenges.

Balance Sheet

The balance sheet reveals significant leverage with a negative stockholders' equity, resulting in a high debt-to-equity ratio of -27.56 TTM. This indicates financial instability and potential risk. The return on equity is negative, reflecting losses and inefficiencies in generating returns for shareholders. The equity ratio is also negative, highlighting a reliance on debt financing.

Cash Flow

Cash flow analysis shows a decline in free cash flow growth by 1.6% TTM, indicating challenges in generating cash. However, the operating cash flow to net income ratio is 0.54, suggesting some ability to convert income into cash. The free cash flow to net income ratio is relatively strong at 0.80, showing decent cash generation relative to net income.

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	2.96B	3.10B	2.82B	1.25B	1.21B	352.64M
EBITDA	1.73B	1.99B	1.72B	643.17M	310.01M	-480.30M
Net Income	383.88M	501.08M	729.99M	-423.86M	-755.79M	-2.07B
Balance Sheet
Total Assets	12.69B	12.98B	14.00B	13.42B	12.53B	13.87B
Cash, Cash Equivalents and Short-Term Investments	1.98B	2.43B	3.72B	3.65B	2.52B	3.48B
Total Debt	12.17B	12.17B	13.37B	13.73B	12.05B	13.19B
Total Liabilities	13.90B	13.95B	15.10B	15.06B	13.37B	14.61B
Stockholders Equity	-441.54M	-224.16M	-251.38M	-750.84M	-214.42M	-352.00M
Cash Flow
Free Cash Flow	1.04B	1.00B	740.70M	-423.78M	-569.28M	-1.36B
Operating Cash Flow	1.30B	1.43B	1.25B	-71.27M	-222.59M	-1.07B
Investing Cash Flow	-267.97M	-83.56M	-1.34B	1.35B	-342.42M	-265.76M
Financing Cash Flow	-1.41B	-1.79B	-719.21M	-23.68M	-388.00M	2.46B

Wynn Resorts Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 121.45
• 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 121.45 is above the 20-day moving average (MA) of 119.41, above the 50-day MA of 113.07, and above the 200-day MA of 92.76, indicating a bullish trend. The MACD of 3.57 indicates Positive momentum. The RSI at 58.24 is Neutral, neither overbought nor oversold. The STOCH value of 33.17 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
BYD	76 Outperform	$6.90B	13.25	36.36%	0.83%	6.40%	26.09%
WYNN	68 Neutral	$12.88B	36.26	-51.73%	0.82%	-1.94%	-53.90%
MGM	62 Neutral	$9.62B	19.04	17.34%	―	0.89%	-31.56%
Sector *	61 Neutral	$18.16B	12.70	-2.51%	3.03%	1.44%	-15.67%
LVS	59 Neutral	$36.73B	27.01	49.16%	1.78%	1.62%	-7.14%
MLCO	58 Neutral	$3.89B	73.07	25.40%	―	12.51%	―
CZR	52 Neutral	$5.39B	―	-4.76%	―	-0.15%	28.05%

Wynn Resorts Corporate Events

Wynn Resorts Reports Decline in Casino Revenues

On September 4, 2025, Wynn Macau, Limited, a subsidiary of Wynn Resorts, filed its interim report for the six months ending June 30, 2025, with the Hong Kong Stock Exchange. The report highlighted a decline in casino revenues and adjusted EBITDA compared to the previous year, indicating a challenging period for the company. Despite the financial downturn, Wynn Macau continues to focus on enhancing its resorts and investing in its workforce and community initiatives. The company remains committed to sustainable development and responsible gaming, aiming to maintain its position in the competitive Macau casino market.

Wynn Resorts Redeems $1B Senior Notes Early

On September 3, 2025, Wynn Macau, Limited, a subsidiary of Wynn Resorts, announced the full redemption of its $1 billion 5.50% Senior Notes due 2026. This move, completed in accordance with the Indenture terms, led to the withdrawal of the notes’ listing on the Hong Kong Stock Exchange, effective September 11, 2025, potentially impacting the company’s financial structure and market strategy.

Wynn Resorts Announces Redemption of Senior Notes

On August 21, 2025, Wynn Macau, Limited announced its decision to redeem all outstanding $1 billion of 5.50% Senior Notes due 2026. This redemption, scheduled for September 2, 2025, will be executed at a price equal to 100% of the principal amount, using the company’s internal resources. The redemption will lead to the cancellation of the notes and their delisting from the stock exchange, reflecting a strategic financial move by the company.

Wynn Resorts’ Subsidiary Completes $1 Billion Note Offering

On August 18, 2025, Wynn Macau, Limited, a subsidiary of Wynn Resorts, completed a $1 billion offering of 6.750% senior notes due 2034. The proceeds, approximately $989 million after expenses, are intended for general corporate purposes, including debt repayment. The issuance is part of WML’s strategic financial management, potentially impacting its market positioning by enhancing liquidity and flexibility. The notes are listed on the Hong Kong Stock Exchange, with specific terms allowing for redemption under certain conditions, reflecting WML’s proactive approach to managing its financial obligations and market risks.

Wynn Resorts Announces $1 Billion Senior Notes Issuance

On August 12, 2025, Wynn Macau, a subsidiary of Wynn Resorts, announced a purchase agreement for the issuance of $1 billion in senior notes due in 2034, with an interest rate of 6.750%. The proceeds are intended for general corporate purposes, including debt repayment. The issuance is expected to enhance the company’s financial flexibility, although it carries risks such as potential change of control provisions that could require repurchase of the notes.

Wynn Resorts Announces Senior Notes Offering

On August 11, 2025, Wynn Macau, Limited announced a proposed private offering of senior notes, subject to market conditions and investor interest. The proceeds from this offering are intended for general corporate purposes, including debt repayment, which could extend the maturity profile of the company’s indebtedness, potentially benefiting its financial stability.

Wynn Resorts Reports Q2 2025 Financial Results

Wynn Resorts reported its financial results for the second quarter of 2025, showing operating revenues of $1.74 billion, a slight increase from the previous year. However, net income decreased to $66.2 million from $111.9 million in the same quarter of 2024. The company highlighted strong performance in Las Vegas, despite challenges in Macau due to lower VIP hold. Wynn Resorts is progressing with its Wynn Al Marjan Island project in the UAE and continues to return capital to shareholders through dividends and stock repurchases.

Wynn Resorts Expands Loan Facility by $1 Billion

On July 31, 2025, Wynn Macau, Limited announced an increase in its revolving unsecured loan facility commitments by US$1.0 billion, bringing the total to US$2.5 billion. This expansion under the Facility Agreement, involving WM Cayman Holdings Limited II and Bank of China Limited, aims to enhance the company’s financial flexibility and market positioning.

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.