Wynn Resorts Ltd (WYNN)
Consumer Discretionary · Casinos & Gaming · US stock · S&P 500 component
$75.13
▼ -0.63 (0.83%)
Fair valueUndervalued
$102 +35.8% to fair value
$51fair band $87–$124$153
Day's range
$73.30 – $76.11
52-week range
$73.07 – $134.72
Red flags⚠ Negative equity⚠ Negative equity⚠ Negative equity⚠ Negative equity⚠ Negative equity
About Wynn Resorts Ltd
Luxury integrated resorts that combine casinos with hotels, restaurants, shops, entertainment and convention space are the core of Wynn Resorts. It develops and operates resorts in Las Vegas, in Macau and in the Boston area. Its guests include casino players, leisure travellers, conference groups and diners. The company is organised by geographic region, with its Macau, Las Vegas and Massachusetts resorts reported as separate operations.
Revenue comes from casino gaming, hotel rooms, food and beverage, retail and entertainment. It reached $7.4 billion over the last twelve months, having grown at 23.9% a year over the last three years. The operating margin is 15.7%, and the business carries net debt of 5.1 times EBITDA. It pays a dividend with a yield of 1.3%. On the site's X-Ray Score it receives 51 out of 100.
Price chart
52-wk range $73.07 – $134.72Volume 3,259,147Daily, split-adjusted
Vitals
Market cap$7.7B
52-week range$73.07 – $134.72
Volume (last day)3,259,147
P/E (TTM)17.4
EBIT / EV yield7.2%
Free-cash-flow yield10.2%
Dividend yield1.3%
Revenue (TTM)$7.4B
Net income (TTM)$449M
Operating margin15.7%
Return on capital10.9%
Debt incl. leases$10.7B
Cash & securities$1.6B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$102middle half of models $88 – $131
Undervalued
+35.8% to fair value
Average of the 11 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is High, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $75
Undervalued < $87Fair $87 – $124Overvalued > $124
P/E multiple
$78
P/S multiple
$99
EV/EBITDA multiple
$89
EV/EBIT multiple
$97
EV/revenue multiple
$98
10-year DCF, EBITDA exit · not used
$153
5-year DCF, EBITDA exit
$140
10-year DCF, revenue exit · not used
$157
5-year DCF, revenue exit
$142
10-year DCF, growth exit
$138
5-year DCF, growth exit
$124
Dividend discount, stable · not used
$21
Dividend discount, multi-stage
$32
Earnings power value
$87
Growth the price implies
10.4%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Weak business, but the price is low
Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Consumer Discretionary peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Strong
86/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield7.2%
Free-cash-flow yield10.2%
Fair value vs price1.4×
Growth
Weak
47/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)23.9%
Growth consistency80%
Profitability
Weak
39/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital10.9%
Operating margin15.7%
Financial health
Weak
17/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score5 / 9
Net debt / EBITDA5.1×
Interest cover1.9×
Dividends
Fair
65/100
Dividend is typical for its sector.
See the numbers →
Dividend yield1.3%
Dividends vs free cash flow13%
Dividend growth394.4%
Quarterly results: last 6 quarters
-8.7%
Mar '25
+0.3%
Jun '25
+8.3%
Sep '25
+1.5%
Dec '25
+9.2%
Mar '26
+6.9%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $1.9B, diluted EPS $1.32.
Compare with peers
LVS Las Vegas Sands Corp64 MGM MGM Resorts Internatio...40Other Casinos & Gaming companies by X-Ray Score.
SWOT analysis: Wynn Resorts Ltd
Strengthsinside the company
- Revenue has grown 23.9% a year over three years (median 6.4% for sector peers).
- Free cash flow equals 10.2% of the market value, which funds dividends, buybacks or debt paydown.
Weaknessesinside the company
- Return on invested capital of 10.9% is well below the 24.9% median of sector peers.
- Net debt is 5.1x EBITDA, above the 3x level that lenders usually watch.
- Operating profit covers interest only 1.9x.
- Altman Z-score of 0.1 is in the zone linked with financial distress in past studies.
Opportunitiesvaluation and setting
- Dividends use only 13% of free cash flow, which leaves room to raise them.
- The price is 36% below our fair value estimate, with the gap larger than the margin we allow for error.
Threatsvaluation and setting
- Revenue growth slowed to 0.1% last year from 23.9% a year over three years.
- Heavy debt makes profits sensitive to interest rates and refinancing conditions.
- Valuation uncertainty is high: the models give widely different values, so the fair value range is wide.
- The price trend is down on the daily and weekly signals.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare WYNN with peers and sector
Medians of 46 Consumer Discretionary peers and of 46 Consumer Discretionary stocks in our universe.
Largest peers (X-Ray Score): AMZN 42, TSLA 28, HD 40, MCD 53, TJX 55, BKNG 70.
| Metric | WYNN | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 51 | 50 | 50 |
| Valuation | 86 | 48 | 48 |
| Growth | 47 | 53 | 53 |
| Profitability | 39 | 52 | 52 |
| Financial health | 17 | 50 | 50 |
| Dividends | 65 | 51 | 51 |
Sector leaders: highest X-Ray Score in Consumer Discretionary
WYNN ranks #22 of 47 in Consumer Discretionary by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for WYNN
Each factor is rated by where WYNN stands among the 47 Consumer Discretionary stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 7 Good · 3 Average · 7 Bad of 17
Growth: 1 · 0 · 1
Profitability: 0 · 1 · 2
Financial strength: 0 · 0 · 4
Valuation: 4 · 0 · 0
Cash flow: 2 · 1 · 0
Efficiency: 0 · 1 · 0
| Factor | WYNN | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +23.9% | Good beats 88% | +6.5% | – | – |
| Revenue growth, last year | +0.1% | Bad beats 14% | +4.9% | +9.1% | ▼ Worse |
| Profitability | |||||
| Operating margin | 15.7% | Average beats 54% | 14.9% | 12.9% | ▲ Better |
| Net margin | 6.1% | Bad beats 23% | 11.4% | 4.6% | ▲ Better |
| Return on invested capital | 10.9% | Bad beats 23% | 24.6% | – | – |
| Financial strength | |||||
| Net debt / EBITDA | 5.1x | Bad beats 10% | 1.8x | 5.8x | ▲ Better |
| Interest cover | 1.9x | Bad beats 1% | 25.3x | 1.1x | ≈ In line |
| Current ratio | 0.91 | Bad beats 31% | 1.10 | 1.93 | ▼ Worse |
| Piotroski F-score | 5 / 9 | Bad beats 24% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 17.2x | Good beats 70% | 21.1x | 19.0x | ≈ In line |
| Price / sales | 1.0x | Good beats 82% | 2.1x | 1.8x | ▲ Better |
| EV / EBITDA | 9.0x | Good beats 79% | 15.0x | 12.5x | ▲ Better |
| Free cash flow yield | 10.2% | Good beats 85% | 4.3% | 5.5% | ▲ Better |
| Cash flow | |||||
| Free cash flow margin | 10.7% | Average beats 49% | 10.8% | 9.7% | ≈ In line |
| Cash from operations / net income | 3.25 | Good beats 85% | 1.37 | 2.85 | ▲ Better |
| Accruals (lower is better) | −7.7% | Good beats 76% | −5.3% | – | – |
| Efficiency | |||||
| Days sales outstanding | 17 days | Average beats 39% | 14 days | 19 days | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 5 Good · ● 2 Average · ● 6 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldGood
Risk models
Altman Z''Bad
Piotroski F-ScoreBad
Growth
Revenue growth (3y)Good
Growth consistencyAverage
Balance sheet
Current ratioBad
Net debt / EBITDABad
Interest coverBad
Valuation
Fair value vs priceGood
EBIT / EV yieldGood
Profitability
Return on invested capitalBad
Operating marginAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 54/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $3.8B | $3.8B | $6.5B | $7.1B | $7.1B |
| Operating income | −$395M | −$101M | $840M | $1.1B | $1.1B |
| Net income | −$756M | −$424M | $730M | $501M | $327M |
| Operating cash flow | −$223M | −$71M | $1.2B | $1.4B | $1.4B |
| Operating margin | -10.5% | -2.7% | 12.9% | 15.9% | 15.7% |
| Free cash flow | −$513M | −$371M | $805M | $1.0B | $692M |
| Diluted EPS | $-6.64 | $-3.73 | $6.32 | $4.35 | $3.14 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bearish
0 bullish · 4 neutral · 12 bearish
Weekly
Strongly bearish
1 bullish · 0 neutral · 11 bearish
Monthly
Strongly bearish
0 bullish · 1 neutral · 7 bearish
Moving averages (daily)
| SMA 10 | 75.64 | Bearish |
| EMA 10 | 76.03 | Bearish |
| SMA 20 | 76.65 | Bearish |
| EMA 20 | 77.62 | Bearish |
| SMA 50 | 85.83 | Bearish |
| EMA 50 | 83.74 | Bearish |
| SMA 100 | 93.08 | Bearish |
| EMA 100 | 90.18 | Bearish |
| SMA 200 | 99.40 | Bearish |
| EMA 200 | 96.47 | Bearish |
Oscillators (daily)
| RSI (14) | 37.29 | Neutral |
| MACD (12, 26) | -2.68 | Bearish |
| Momentum (12) | -1.94 | Bearish |
| Stochastic %K (14) | 34.11 | Neutral |
| Williams %R (14) | -65.89 | Neutral |
| CCI (20) | -81.98 | Neutral |
Pivot points (classic, last session)
S3 70.77 | S2 72.04 | S1 73.58 | Pivot 74.85 | R1 76.39 | R2 77.66 | R3 79.20 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.00 USD
Yield on today's price
1.33%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.2500 | |
| 0.2500 | |
| 0.2500 | |
| 0.2500 | |
| 0.2500 | |
| 0.2500 | |
| 0.2500 | |
| 0.2500 | |
| 0.2500 | |
| 0.2500 | |
| 0.2500 | |
| 0.2500 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold WYNN
| ETF | Share of the fund |
|---|---|
| RPG Invesco S&P 500 Pure Growth | 1.36% |
| DON WisdomTree U.S. MidCap Dividend | 0.21% |
| XLY Consumer Discretionary Select Sector S... | 0.20% |
| VBK Vanguard Small-Cap Growth | 0.20% |
| RSP Invesco S&P 500 Equal Weight | 0.18% |
| FDIS Fidelity MSCI Consumer Discretionary I... | 0.18% |
| IWP iShares Russell Mid-Cap Growth | 0.17% |
| VCR Vanguard Consumer Discretionary | 0.17% |
The eight funds with the largest weight in WYNN among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
WYNN SEC filings
8-KSEC EDGAR
Entered a material agreement
8-KSEC EDGAR
Other events
8-KSEC EDGAR
Other events
8-KSEC EDGAR
Regulation FD disclosure
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
8-KSEC EDGAR
Entered a material agreement; Regulation FD disclosure
8-KSEC EDGAR
Shareholder vote results
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.