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Wynn Resorts Ltd Stock Research

WYNN

101.13USD+0.11(+0.11%)Market Closed

Market Summary

USD101.13+0.11
Market Closed
0.11%

WYNN Alerts

WYNN Stock Price

WYNN RSI Chart

WYNN Valuation

Market Cap

11.5B

Price/Earnings (Trailing)

-50.44

Price/Sales (Trailing)

2.72

EV/EBITDA

8.24

Price/Free Cashflow

-102.17

WYNN Price/Sales (Trailing)

WYNN Profitability

EBT Margin

-18.63%

Return on Equity

25.84%

Return on Assets

-3.16%

Free Cashflow Yield

-0.98%

WYNN Fundamentals

WYNN Revenue

Revenue (TTM)

4.2B

Revenue Y/Y

49.34%

Revenue Q/Q

41.67%

WYNN Earnings

Earnings (TTM)

-228.2M

Earnings Y/Y

106.73%

Earnings Q/Q

-61.95%

Price Action

52 Week Range

50.20117.86
(Low)(High)

Last 7 days

-8.1%

Last 30 days

-7.6%

Last 90 days

-4.2%

Trailing 12 Months

57.0%

WYNN Financial Health

Current Ratio

2.22

Debt/Equity

-7.39

Debt/Cashflow

-0.01

WYNN Investor Care

Buy Backs (1Y)

1.82%

Diluted EPS (TTM)

-2.16

Peers (Alternatives to Wynn Resorts)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
53.3B
22.2B
4.02% 1.37%
19.48
2.4
40.97% 84.13%
14.8B
14.1B
-4.67% 17.17%
7.58
1.05
29.94% 24.85%
11.5B
4.2B
-7.60% 56.96%
-50.44
2.72
6.20% 65.33%
MID-CAP
10.3B
2.0B
9.25% 39.27%
18.71
5.16
22.49% 116.78%
9.7B
2.8B
2.73% -3.15%
29.01
3.45
29.86% 54.02%
7.2B
1.4B
7.49% -10.04%
22.66
4.97
-11.76% -3.07%
4.5B
6.4B
-8.85% -18.60%
20.2
0.7
8.41% 79.53%
3.8B
1.8B
9.12% 1.37%
12.94
2.18
9.45% -2.98%
2.4B
-
6.70% -5.13%
9.26
1.33
35.81% 1083.17%
2.1B
1.4B
10.40% -14.47%
20.26
1.56
-12.28% -34.58%
SMALL-CAP
1.5B
569.5M
17.00% 137.66%
12.49
2.57
74.59% 1194.94%
1.3B
1.1B
7.34% -7.31%
21.78
1.12
-0.39% -69.07%
1.3B
486.2M
-3.29% 0.64%
14.47
2.59
13.40% 10.94%
248.8M
172.0M
5.24% 2.70%
-9.45
1.45
-4.13% -272.52%
210.2M
435.9M
1.76% -12.17%
32.27
0.48
3.99% -70.73%

Financials for Wynn Resorts

Income Statement (Last 12 Months)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue12.5%4,227,170,0003,756,825,0003,794,113,0003,899,035,0003,980,316,000
  S&GA Expenses7.6%893,442,000830,450,000820,356,000816,431,000813,598,000
Costs and Expenses5.3%4,063,466,0003,857,501,0004,099,621,0004,235,216,0004,293,990,000
EBITDA67.6%643,167,000383,799,000335,028,000390,965,000-
EBITDA Margin69.2%0.170.100.090.10-
Earnings Before Taxes36.5%-444,402,000-700,036,000-930,877,000-969,304,000-929,300,000
EBT Margin24.1%-0.19-0.25-0.25-0.23-
Interest Expenses5.5%686,467,000650,885,000624,226,000609,274,000604,868,000
Net Income46.2%-228,200,000-423,856,000-633,457,000-656,814,000-658,132,000
Net Income Margin32.4%-0.11-0.17-0.17-0.17-
Free Cahsflow27.1%-371,399,000-509,617,000-519,885,000-432,800,000-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets2.3%13,72413,41511,77911,78912,179
  Current Assets5.6%4,2534,0302,3232,3712,666
    Cash Equivalents7.9%3,9393,6501,9402,0102,317
  Inventory-1.3%69.0070.0068.0069.0072.00
  Net PPE-1.0%6,8266,8968,4998,5978,671
  Goodwill0%91.0091.0099.00--
Liabilities1.9%15,34015,05513,37613,16313,213
  Current Liabilities-24.3%1,3711,8111,6351,6171,154
  Long Term Debt1.7%12,11711,91211,923--
    LT Debt, Current-73.9%14354854654550.00
    LT Debt, Non Current4.6%12,10711,56911,57011,36811,873
Shareholder's Equity1.5%-1,616-1,640-1,033--
  Retained Earnings0.5%-2,699-2,711-2,744-2,601-2,471
  Additional Paid-In Capital0.6%3,6053,5843,5843,5663,572
Accumulated Depreciation2.4%6,0785,9385,829--
Shares Outstanding0.4%114113113114116
Minority Interest-1.1%-898-889-833-764-696
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations402.5%216-71.27-158-153-86.07
  Share Based Compensation1.2%68.0068.0069.0074.0085.00
Cashflow From Investing-2.6%1,3141,349-396-415-391
Cashflow From Financing465.1%86.00-23.68177-209-91.69
  Dividend Payments-68.4%0.001.002.002.002.00
  Buy Backs-0.4%18718718115921.00

Risks for WYNN

What is the probability of a big loss on WYNN?

97.7%


Probability that Wynn Resorts stock will be more than 20% underwater in next one year

78.5%


Probability that Wynn Resorts stock will be more than 30% underwater in next one year.

59.2%


Probability that Wynn Resorts stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does WYNN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Wynn Resorts was unfortunately bought at previous high price.

Drawdowns

Returns for WYNN

Cumulative Returns on WYNN

-1.4%


10-Year Cumulative Returns

2.0%


7-Year Cumulative Returns

-11.3%


5-Year Cumulative Returns

6.0%


3-Year Cumulative Returns

What are the long-term rolling returns for WYNN?

FIve years rolling returns for Wynn Resorts.

Annualized Returns

Which funds bought or sold WYNN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-23
Brookfield Corp /ON/
added
158
2,421,990
3,389,530
0.01%
2023-05-23
Toroso Investments, LLC
added
196
1,148,000
1,528,000
0.03%
2023-05-22
AMERIPRISE FINANCIAL INC
reduced
-8.85
2,164,510
11,292,500
-%
2023-05-22
EMC Capital Management
unchanged
-
16,000
57,000
0.05%
2023-05-18
SkyView Investment Advisors, LLC
new
-
1,000
1,000
-%
2023-05-18
TITLEIST ASSET MANAGEMENT, LLC
new
-
327,337
327,337
0.07%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
reduced
-3.81
2,971,000
12,702,000
0.02%
2023-05-18
Harvest Portfolios Group Inc.
reduced
-9.52
461,954
2,490,220
0.12%
2023-05-18
JPMORGAN CHASE & CO
added
201
35,969,300
47,611,300
0.01%
2023-05-17
Chevy Chase Trust Holdings, LLC
added
1.04
1,814,740
6,705,870
0.03%

1–10 of 34

Latest Funds Activity

Are funds buying WYNN calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own WYNN
No. of Funds

Wynn Resorts News

MarketWatch
Wynn Resorts Ltd. stock rises Friday, still underperforms market.
MarketWatch,
2 days ago
Casino.Org News
Marketscreener.com
Fitch Ratings
Las Vegas Review-Journal

Schedule 13G FIlings of Wynn Resorts

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
jefferies financial group inc.
6.01%
6,810,459
SC 13G
Feb 14, 2023
price t rowe associates inc /md/
7.6%
8,638,226
SC 13G/A
Feb 13, 2023
capital international investors
7.1%
8,022,231
SC 13G/A
Feb 09, 2023
vanguard group inc
9.82%
11,132,845
SC 13G/A
Feb 01, 2023
blackrock inc.
5.9%
6,704,817
SC 13G/A
Oct 31, 2022
fertitta tilman j
6.0%
6,808,126
SC 13G
Feb 14, 2022
price t rowe associates inc /md/
8.9%
10,330,316
SC 13G/A
Feb 11, 2022
capital international investors
5.1%
5,902,114
SC 13G/A
Feb 03, 2022
blackrock inc.
5.9%
6,816,265
SC 13G/A
Feb 16, 2021
capital world investors
1.6%
1,745,493
SC 13G/A

WYNN Fair Value

Recent SEC filings of Wynn Resorts

View All Filings
Date Filed Form Type Document
May 26, 2023
4
Insider Trading
May 25, 2023
144
Notice of Insider Sale Intent
May 17, 2023
8-K
Current Report
May 12, 2023
8-K/A
Current Report
May 09, 2023
10-Q
Quarterly Report
May 09, 2023
8-K
Current Report
May 08, 2023
8-K
Current Report
May 05, 2023
4
Insider Trading
May 05, 2023
4
Insider Trading
May 05, 2023
4
Insider Trading

Latest Insider Trading transactions for WYNN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-05-04
Myers Margaret Jane
acquired
-
-
2,286
-
2023-05-04
Webb Winifred Markus
acquired
-
-
2,286
-
2023-05-04
Mulroy Patricia
acquired
-
-
2,286
-
2023-05-04
ATKINS BETSY S
acquired
-
-
2,286
-
2023-05-04
Byrne Richard J
acquired
-
-
2,286
-
2023-05-04
SATRE PHILIP G
acquired
-
-
2,286
-
2023-05-04
STROM DARNELL O.
acquired
-
-
2,286
-
2023-04-18
CAMERON-DOE JULIE
sold (taxes)
-500,638
112
-4,464
cfo
2023-03-16
Billings Craig Scott
acquired
641,524
58.85
10,901
ceo
2023-03-16
Billings Craig Scott
sold
-1,125,640
103
-10,901
ceo

1–10 of 50

Craig S. Billings
27000
Wynn Resorts, Limited designs, develops, and operates integrated resorts. Its Wynn Palace segment operates 424,000 square feet of casino space with 323 table games, 1,035 slot machines, private gaming salons, and sky casinos; a luxury hotel tower with 1,706 guest rooms, suites, and villas, including a health club, spa, salon, and pool; 14 food and beverage outlets; 107,000 square feet of retail space; 37,000 square feet of meeting and convention space; and performance lake and floral art displays. Its Wynn Macau segment operates 252,000 square feet of casino space with 331 table games, 818 slot machines, private gaming salons, sky casinos, and a poker room; two luxury hotel towers with 1,010 guest rooms and suites that include two health clubs, two spas, a salon, and a pool; 14 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; and Chinese zodiac-inspired ceiling attractions. Its Las Vegas Operations segment operates 194,000 square feet of casino space with 223 table games, 1,751 slot machines, private gaming salons, a sky casino, a poker room, and a race and sports book; two luxury hotel towers with 4,748 guest rooms, suites, and villas, including swimming pools, private cabanas, two full service spas and salons, and a wedding chapel; 32 food and beverage outlets; 513,000 square feet of meeting and convention space; 155,000 square feet of retail space; and two theaters, three nightclubs and a beach club. Its Encore Boston Harbor segment operates 211,000 square feet of casino space with 184 table games, 2,766 slot machines, gaming areas, and a poker room; a luxury hotel tower with 671 guest rooms and suites, including a spa and salon; 15 food and beverage outlets and a nightclub; 10,000 square feet of retail space; 71,000 square feet of meeting and convention space; and a waterfront park, floral displays, and water shuttle service. The company was founded in 2002 and is based in Las Vegas, Nevada.

WYNN Income Statement

2023-03-31
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating revenues:  
Total operating revenues$ 1,423,679$ 953,334
Operating expenses:  
General and administrative259,772196,780
Provision for credit losses(544)342
Pre-opening4,4782,447
Depreciation and amortization168,812184,556
Property charges and other2,45845,720
Total operating expenses1,254,1641,048,199
Operating income (loss)169,515(94,865)
Other income (expense):  
Interest income40,1931,280
Interest expense, net of amounts capitalized(187,740)(152,158)
Change in derivatives fair value23,0467,400
Loss on debt financing transactions(12,236)0
Other(30,614)(15,127)
Other income (expense), net(167,351)(158,605)
Income (loss) before income taxes2,164(253,470)
Provision for income taxes(1,018)(1,140)
Net income (loss)1,146(254,610)
Less: net loss attributable to noncontrolling interests11,18671,286
Net income (loss) attributable to Wynn Resorts, Limited$ 12,332$ (183,324)
Net income (loss) attributable to Wynn Resorts, Limited:  
Basic (in usd per share)$ 0.11$ (1.59)
Diluted (in usd per share)$ (0.02)$ (1.59)
Weighted average common shares outstanding:  
Basic (in shares)112,753115,030
Diluted (in shares)113,116115,030
Casino  
Operating revenues:  
Total operating revenues$ 766,992$ 489,862
Operating expenses:  
Cost of goods and services sold473,385324,079
Rooms  
Operating revenues:  
Total operating revenues272,529170,376
Operating expenses:  
Cost of goods and services sold72,70258,715
Food and beverage  
Operating revenues:  
Total operating revenues232,611174,020
Operating expenses:  
Cost of goods and services sold180,619146,656
Entertainment, retail and other  
Operating revenues:  
Total operating revenues151,547119,076
Operating expenses:  
Cost of goods and services sold$ 92,482$ 88,904

WYNN Balance Sheet

2023-03-31
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 3,843,528$ 3,650,440
Restricted cash5,6554,819
Accounts receivable, net of allowance for credit losses of $57,136 and $78,842227,332216,033
Inventories69,18270,094
Prepaid expenses and other107,58388,201
Total current assets4,253,2804,029,587
Property and equipment, net6,826,0266,896,060
Restricted cash89,784127,731
Goodwill and intangible assets, net451,739245,253
Operating lease assets1,849,5561,853,164
Other assets253,636263,305
Total assets13,724,02113,415,100
Current liabilities:  
Accounts and construction payables183,183197,474
Customer deposits490,848506,148
Gaming taxes payable118,33544,967
Accrued compensation and benefits126,171187,160
Accrued interest128,553135,630
Current portion of long-term debt143,162547,543
Other accrued liabilities180,663192,501
Total current liabilities1,370,9151,811,423
Long-term debt12,106,97011,569,316
Long-term operating lease liabilities1,627,5181,615,157
Other long-term liabilities234,98859,569
Total liabilities15,340,39115,055,465
Commitments and contingencies (Note 16)
Stockholders' deficit:  
Preferred stock, par value $0.01; 40,000,000 shares authorized; zero shares issued and outstanding00
Common stock, par value $0.01; 400,000,000 shares authorized; 132,801,971 and 132,256,185 shares issued; 113,808,044 and 113,369,439 shares outstanding, respectively1,3281,323
Treasury stock, at cost; 18,993,927 and 18,886,746 shares, respectively(1,634,706)(1,623,872)
Additional paid-in capital3,604,9453,583,923
Accumulated other comprehensive income (loss)10,475(404)
Accumulated deficit(2,699,476)(2,711,808)
Total Wynn Resorts, Limited stockholders' deficit(717,434)(750,838)
Noncontrolling interests(898,936)(889,527)
Total stockholders' deficit(1,616,370)(1,640,365)
Total liabilities and stockholders' deficit$ 13,724,021$ 13,415,100