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Wynn Macau

DB:8WY
Snowflake Description

Good value average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8WY
DB
HK$60B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Wynn Macau, Limited develops, owns, and operates the Wynn Macau and Wynn Palace casino resorts in Macau. The last earnings update was 7 days ago. More info.


Add to Portfolio Compare Print
  • Wynn Macau has significant price volatility in the past 3 months.
8WY Share Price and Events
7 Day Returns
1.5%
DB:8WY
-6.8%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-43.8%
DB:8WY
-48.1%
DE Hospitality
-20.9%
DE Market
8WY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wynn Macau (8WY) 1.5% -23.7% -40.6% -43.8% -35.5% -43.2%
DE Hospitality -6.8% -31.3% -57.6% -48.1% -63.2% -70.6%
DE Market -0.6% -18.6% -26.2% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • 8WY outperformed the Hospitality industry which returned -48.1% over the past year.
  • 8WY underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
8WY
Industry
5yr Volatility vs Market

8WY Value

 Is Wynn Macau undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Wynn Macau to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Wynn Macau.

DB:8WY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 19 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:8WY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 26.01%) (65.76%))
1.109
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.109 * 5.44%)
5.64%

Discounted Cash Flow Calculation for DB:8WY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Wynn Macau is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:8WY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 5.64%)
2020 5,186.80 Analyst x5 4,909.77
2021 9,406.56 Analyst x9 8,428.59
2022 10,802.00 Analyst x3 9,162.00
2023 14,003.00 Analyst x1 11,242.67
2024 16,315.47 Est @ 16.51% 12,399.66
2025 18,182.43 Est @ 11.44% 13,080.50
2026 19,617.57 Est @ 7.89% 13,359.17
2027 20,678.51 Est @ 5.41% 13,329.55
2028 21,437.13 Est @ 3.67% 13,080.53
2029 21,962.57 Est @ 2.45% 12,685.39
Present value of next 10 years cash flows HK$111,677.00
DB:8WY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$21,962.57 × (1 + -0.39%) ÷ (5.64% – -0.39%)
HK$362,661.63
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$362,661.63 ÷ (1 + 5.64%)10
HK$209,470.18
DB:8WY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$111,677.00 + HK$209,470.18
HK$321,147.18
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$321,147.18 / 5,196.38
HK$61.8
DB:8WY Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:8WY represents 0.11627x of SEHK:1128
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11627x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 61.80 x 0.11627
€7.19
Value per share (EUR) From above. €7.19
Current discount Discount to share price of €1.33
= -1 x (€1.33 - €7.19) / €7.19
81.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Wynn Macau is available for.
Intrinsic value
>50%
Share price is €1.33 vs Future cash flow value of €7.19
Current Discount Checks
For Wynn Macau to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Wynn Macau's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Wynn Macau's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Wynn Macau's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wynn Macau's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:8WY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in HKD HK$0.98
SEHK:1128 Share Price ** SEHK (2020-04-03) in HKD HK$11.46
Germany Hospitality Industry PE Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 21.1x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Wynn Macau.

DB:8WY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1128 Share Price ÷ EPS (both in HKD)

= 11.46 ÷ 0.98

11.75x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wynn Macau is good value based on earnings compared to the DE Hospitality industry average.
  • Wynn Macau is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Wynn Macau's expected growth come at a high price?
Raw Data
DB:8WY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
10.6%per year
Europe Hospitality Industry PEG Ratio Median Figure of 63 Publicly-Listed Hospitality Companies 0.96x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

DB:8WY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.75x ÷ 10.6%

1.11x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wynn Macau is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Wynn Macau's assets?
Raw Data
DB:8WY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in HKD HK$0.38
SEHK:1128 Share Price * SEHK (2020-04-03) in HKD HK$11.46
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 1.73x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:8WY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1128 Share Price ÷ Book Value per Share (both in HKD)

= 11.46 ÷ 0.38

29.91x

* Primary Listing of Wynn Macau.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wynn Macau is overvalued based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Wynn Macau's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Wynn Macau has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

8WY Future Performance

 How is Wynn Macau expected to perform in the next 1 to 3 years based on estimates from 19 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wynn Macau expected to grow at an attractive rate?
  • Wynn Macau's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Wynn Macau's earnings growth is positive but not above the Germany market average.
  • Wynn Macau's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:8WY Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:8WY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts 10.6%
DB:8WY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts 3.9%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 28.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:8WY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:8WY Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 49,873 14,734 1
2022-12-31 37,819 11,251 5,521 6
2021-12-31 37,411 10,586 6,114 19
2020-12-31 27,079 6,837 2,643 13
2020-04-06
DB:8WY Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-12-31 36,162 6,751 5,057
2019-09-30 37,534 5,085
2019-06-30 39,438 10,778 6,030
2019-03-31 39,328 5,960
2018-12-31 39,592 9,716 6,245
2018-09-30 40,571 6,181
2018-06-30 37,359 10,370 5,140
2018-03-31 38,231 4,670
2017-12-31 34,032 12,667 3,700
2017-09-30 32,803 2,649
2017-06-30 28,266 9,288 1,887
2017-03-31 25,632 1,604

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Wynn Macau's earnings are expected to grow by 10.6% yearly, however this is not considered high growth (20% yearly).
  • Wynn Macau's revenue is expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:8WY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below

All data from Wynn Macau Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:8WY Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.99 1.30 0.80 4.00
2021-12-31 1.09 1.56 0.47 16.00
2020-12-31 0.43 1.16 -0.51 14.00
2020-04-06
DB:8WY Past Financials Data
Date (Data in HKD Millions) EPS *
2019-12-31 0.98
2019-09-30
2019-06-30 1.16
2019-03-31
2018-12-31 1.20
2018-09-30
2018-06-30 0.99
2018-03-31
2017-12-31 0.71
2017-09-30
2017-06-30 0.36
2017-03-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Wynn Macau is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Wynn Macau's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Wynn Macau has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

8WY Past Performance

  How has Wynn Macau performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Wynn Macau's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Wynn Macau's year on year earnings growth rate has been positive over the past 5 years.
  • Wynn Macau's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Wynn Macau's 1-year earnings growth is negative, it can't be compared to the DE Hospitality industry average.
Earnings and Revenue History
Wynn Macau's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Wynn Macau Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:8WY Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 36,161.69 5,056.66 515.59
2019-09-30 37,534.26 5,085.17 736.31
2019-06-30 39,437.70 6,030.44 736.86
2019-03-31 39,328.14 5,959.56 716.12
2018-12-31 39,591.81 6,245.39 716.12
2018-09-30 40,570.81 6,181.43 817.33
2018-06-30 37,358.71 5,139.62 685.74
2018-03-31 38,230.86 4,669.72 757.89
2017-12-31 34,031.92 3,700.49 625.93
2017-09-30 32,802.59 2,648.53 713.75
2017-06-30 28,265.68 1,886.58 658.81
2017-03-31 25,632.03 1,603.95 588.17
2016-12-31 22,099.48 1,435.53 588.17
2016-09-30 19,281.86 1,565.05 389.43
2016-06-30 18,531.90 2,114.30 389.54
2016-03-31 18,343.02 2,179.81 401.11
2015-12-31 19,096.37 2,410.40 401.11
2015-09-30 20,724.77 3,009.51 435.96
2015-06-30 23,460.79 4,232.82 435.61
2015-03-31 26,131.55 5,182.77 466.87
2014-12-31 29,444.86 6,445.44 466.88
2014-09-30 32,209.91 7,497.13 459.36
2014-06-30 32,659.48 7,655.31 459.53
2014-03-31 32,431.71 7,898.40 410.16
2013-12-31 31,340.85 7,700.91 410.16
2013-09-30 29,621.27 7,086.47 354.46
2013-06-30 28,947.06 6,797.74 354.48

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Wynn Macau made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Wynn Macau used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Wynn Macau has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Wynn Macau's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Wynn Macau has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

8WY Health

 How is Wynn Macau's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Wynn Macau's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wynn Macau is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Wynn Macau's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Wynn Macau's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Wynn Macau Company Filings, last reported 3 months ago.

DB:8WY Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,986.76 38,594.74 14,087.49
2019-09-30
2019-06-30 2,073.69 28,968.41 5,849.72
2019-03-31
2018-12-31 1,518.46 33,078.15 9,573.48
2018-09-30
2018-06-30 2,216.92 33,140.16 8,330.70
2018-03-31
2017-12-31 3,000.76 28,123.31 5,286.76
2017-09-30
2017-06-30 1,933.90 29,788.00 2,342.85
2017-03-31
2016-12-31 2,453.06 32,169.89 2,630.55
2016-09-30
2016-06-30 2,125.14 32,559.79 2,991.55
2016-03-31
2015-12-31 4,102.28 31,442.77 6,750.08
2015-09-30
2015-06-30 3,092.29 22,078.01 2,453.00
2015-03-31
2014-12-31 7,043.71 18,967.70 10,809.98
2014-09-30
2014-06-30 7,809.54 17,526.53 16,147.27
2014-03-31
2013-12-31 9,212.84 12,274.02 14,185.60
2013-09-30
2013-06-30 7,780.86 5,530.02 9,770.96
  • Wynn Macau's level of debt (1942.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (270.4% vs 1942.6% today).
  • Debt is not well covered by operating cash flow (17.5%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.6x coverage).
X
Financial health checks
We assess Wynn Macau's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Wynn Macau has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

8WY Dividends

 What is Wynn Macau's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.85%
Current annual income from Wynn Macau dividends. Estimated to be 8.49% next year.
If you bought €2,000 of Wynn Macau shares you are expected to receive €157 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Wynn Macau's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Wynn Macau's dividend is above the markets top 25% of dividend payers in Germany (4.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:8WY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 11.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 316 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:8WY Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.75 1.00
2022-12-31 0.99 8.00
2021-12-31 1.02 20.00
2020-12-31 0.87 18.00
2020-04-06
DB:8WY Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-08-15 0.900 5.558
2019-04-23 1.200 6.758
2019-03-28 1.200 5.805
2018-08-17 0.750 4.145
2018-04-18 0.210 0.818
2018-03-23 0.210 0.731
2017-09-07 0.210 0.896
2017-08-17 0.210 1.193
2017-04-24 0.420 2.446
2017-03-30 0.420 2.491
2016-04-21 0.600 4.808
2016-03-30 0.600 4.979
2015-10-15 0.000 0.000
2015-09-09 0.000 0.000
2015-08-20 0.000 0.000
2015-04-28 0.000 0.000
2015-03-04 0.000 0.000
2014-04-08 1.960 7.404
2013-10-24 1.000 3.013
2013-09-09 1.000 3.676
2013-08-23 1.000 4.328
2013-04-15 1.240 5.610
2012-09-10 1.200 5.692
2012-08-24 1.200 6.651
2012-05-07 9.304 51.734
2012-04-23 1.200 5.036
2012-03-27 0.000 0.000
2011-03-21 0.370 1.657
2010-11-03 1.518 8.185
2010-08-20 0.370 2.531
2010-04-29 1.940 15.337

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Wynn Macau's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Wynn Macau's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Wynn Macau afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wynn Macau has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

8WY Management

 What is the CEO of Wynn Macau's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Matt Maddox
COMPENSATION HK$0
AGE 43
TENURE AS CEO 2.2 years
CEO Bio

Mr. Matthew Ode Maddox, also known as Matt, has been Chief Executive Director and Executive Director at Wynn Macau, Ltd since February 7, 2018. Mr. Maddox has been Chief Executive Officer of Wynn Resorts Ltd. since February 6, 2018 and served as its President since November 5, 2013. He is overseeing day-to-day operations and global growth for the most recognized luxury resort brand in the world. He is Director of Wynn Resorts Ltd. since August 7, 2018. Mr. Maddox is responsible for overseeing the Wynn Macau’s operations, development and continued excellence. He serves as President and Director of WRM. Mr. Maddox served as the Chief Financial Officer of Wynn Resorts Ltd., from March 2008 to May 16, 2014 and served as its Treasurer from March 2006 to May 16, 2014 and also served as the Principal Accounting Officer until May 16, 2014. He served as Senior Vice President of Business Development at Wynn Resorts Ltd., until March 2008. He joined Wynn Resorts in 2002. He served as Senior Vice President of Business Development for Wynn Las Vegas, LLC, from June 2005 to December 31, 2005. From March 2003 to June 2005, he served as the Chief Financial Officer of Wynn Resorts (Macau), S.A., a wholly owned indirect subsidiary of Wynn Resorts Ltd. From May 2002 to March 2003, he served as Treasurer and Vice President of Investor Relations of Wynn Resorts Ltd. He served as the Chief Financial Officer of WRM. From February 2000 to May 2002, he served as Vice President of Finance with Caesars Entertainment, Inc. He began his career at Bank of America in the mergers and acquisitions department before joining Caesars Entertainment. Mr. Maddox has been an Executive Director at Wynn Macau, Limited since February 7, 2018 and served as its Non Executive Director from March 28, 2013 to February 7, 2018. Mr. Maddox has over 18 years of experience in the gaming, casino and hotel industry. Before joining Park Place Entertainment, Mr. Maddox worked as an investment banker for Bank of America Securities in the Mergers and Acquisitions Department. Mr. Maddox graduated with a B.B.A. in finance from Southern Methodist University.

CEO Compensation
  • Insufficient data for Matt to compare compensation growth.
  • Insufficient data for Matt to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Wynn Macau management team in years:

6.7
Average Tenure
51
Average Age
  • The average tenure for the Wynn Macau management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Linda Chen

TITLE
Vice Chairman & COO
COMPENSATION
HK$45M
AGE
52
TENURE
10.6 yrs

Ian Coughlan

TITLE
President & Executive Director
COMPENSATION
HK$60M
AGE
60
TENURE
3.6 yrs

Matt Maddox

TITLE
CEO & Executive Director
AGE
43
TENURE
2.2 yrs

Jay Schall

TITLE
Executive VP & General Counsel
AGE
46

Katharine Liu

TITLE
Director of Communications

Mo Mok

TITLE
Senior Vice President of Human Resources
AGE
57
TENURE
3.3 yrs

Wendy Ho

TITLE
Company Secretary
AGE
49
TENURE
7.2 yrs

Michael Harvey

TITLE
President of Wynn Design & Development Asia
AGE
69
TENURE
9 yrs

Frank Xiao

TITLE
President of Marketing - Wynn Resorts (Macau) S.A.
AGE
51
TENURE
7.5 yrs

Frederic Luvisutto

TITLE
Chief Operating Officer of Wynn Palace
AGE
47
TENURE
6.3 yrs
Board of Directors Tenure

Average tenure and age of the Wynn Macau board of directors in years:

7.1
Average Tenure
60
Average Age
  • The tenure for the Wynn Macau board of directors is about average.
Board of Directors

Allan Zeman

TITLE
Non-Executive Chairman
COMPENSATION
HK$2M
AGE
71
TENURE
2.2 yrs

Linda Chen

TITLE
Vice Chairman & COO
COMPENSATION
HK$45M
AGE
52
TENURE
2 yrs

Ian Coughlan

TITLE
President & Executive Director
COMPENSATION
HK$60M
AGE
60
TENURE
10.6 yrs

Matt Maddox

TITLE
CEO & Executive Director
AGE
43
TENURE
7.1 yrs

Jeffrey Lam

TITLE
Independent Non-Executive Director
COMPENSATION
HK$2M
AGE
68
TENURE
10.6 yrs

Nick Sallnow-Smith

TITLE
Independent Non-Executive Director
COMPENSATION
HK$2M
AGE
69
TENURE
10.6 yrs

Bruce Rockowitz

TITLE
Independent Non-Executive Director
COMPENSATION
HK$2M
AGE
60
TENURE
10.6 yrs

Craig Billings

TITLE
Non-Executive Director
AGE
46
TENURE
1.7 yrs

Leah Dawn Ye

TITLE
Independent Non-Executive Director
AGE
61
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
27. Feb 20 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 24. Feb 20 24. Feb 20 404,323 €1.98 €799,448
19. Feb 20 Buy Capital Research and Management Company Company 17. Feb 20 17. Feb 20 3,702,000 €2.07 €7,645,830
12. Feb 20 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 07. Feb 20 07. Feb 20 -65,400 €2.05 €-134,063
12. Feb 20 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 07. Feb 20 07. Feb 20 -1,883,675 €2.05 €-3,861,343
12. Feb 20 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 07. Feb 20 07. Feb 20 419,600 €2.05 €860,138
12. Feb 20 Buy J.P. Morgan Asset Management, Inc. Company 07. Feb 20 07. Feb 20 990 €2.05 €2,029
10. Feb 20 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 05. Feb 20 05. Feb 20 5,182,496 €1.99 €10,318,886
30. Nov 19 Buy Capital Research and Management Company Company 28. Nov 19 28. Nov 19 9,496,400 €2.04 €19,335,158
19. Nov 19 Buy Capital Research and Management Company Company 15. Nov 19 15. Nov 19 3,117,050 €1.97 €6,147,731
17. Oct 19 Sell Capital Research and Management Company Company 11. Oct 19 11. Oct 19 -15,468,580 €1.73 €-26,829,726
04. Jun 19 Buy Capital Research and Management Company Company 31. May 19 31. May 19 3,605,575 €1.91 €6,872,372
30. Apr 19 Sell Kin-Fung Lam Individual 18. Apr 19 18. Apr 19 -150,000 €2.41 €-361,959
30. Apr 19 Sell Kin-Fung Lam Individual 23. Apr 19 23. Apr 19 -50,000 €2.43 €-121,450
30. Apr 19 Sell Kin-Fung Lam Individual 25. Apr 19 25. Apr 19 -50,000 €2.44 €-122,186
30. Apr 19 Sell Kin-Fung Lam Individual 24. Apr 19 24. Apr 19 -96,000 €2.42 €-231,889
X
Management checks
We assess Wynn Macau's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Wynn Macau has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

8WY News

Simply Wall St News

8WY Company Info

Description

Wynn Macau, Limited develops, owns, and operates the Wynn Macau and Wynn Palace casino resorts in Macau. The company’s Wynn Macau resort features approximately 273,000 square feet of casino space offering 24-hour gaming and various games, including private gaming salons, sky casinos, and a poker pit; 2 hotel towers with 1,008 rooms and suites; 11 food and beverage outlets; and recreation and leisure facilities, such as 2 health clubs and spas, a salon, and a pool. Its Wynn Macau resort also includes approximately 59,000 square feet of retail shopping and 31,000 square feet of meeting and convention space. In addition, the company’s Wynn Palace resort features approximately 420,000 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 13 food and beverage outlets. Further, its Wynn Palace resort also consists of approximately 106,000 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 attractions, including a performance lake, animated floral art displays, and fine art displays. The company was incorporated in 2009 and is headquartered in Macau. Wynn Macau, Limited is a subsidiary of Wynn Resorts, Limited.

Details
Name: Wynn Macau, Limited
8WY
Exchange: DB
Founded: 2009
HK$7,119,597,679
5,196,381,345
Website: http://www.wynnmacaulimited.com
Address: Wynn Macau, Limited
Rua Cidade de Sintra,
NAPE,
Macau,
Macau
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1128 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 09. Oct 2009
OTCPK WYNM.F Ordinary Shares Pink Sheets LLC US USD 09. Oct 2009
DB 8WY Ordinary Shares Deutsche Boerse AG DE EUR 09. Oct 2009
SHSC 1128 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 09. Oct 2009
SZSC 1128 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 09. Oct 2009
OTCPK WYNM.Y UNSPONSORD ADR Pink Sheets LLC US USD 03. Mar 2010
Number of employees
Current staff
Staff numbers
13,000
Wynn Macau employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 00:33
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/02
Last earnings filing: 2020/03/30
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.