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Wynn Resorts

DB:WYR
Snowflake Description

High growth potential average dividend payer.

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

Wynn Resorts, Limited owns and operates destination casino resorts. The last earnings update was 37 days ago. More info.


Add to Portfolio Compare Print
  • Wynn Resorts has significant price volatility in the past 3 months.
WYR Share Price and Events
7 Day Returns
-24.6%
DB:WYR
-6.8%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-60.9%
DB:WYR
-48.1%
DE Hospitality
-20.9%
DE Market
WYR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wynn Resorts (WYR) -24.6% -43.2% -61.2% -60.9% -56.3% -62.2%
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
  • WYR underperformed the Hospitality industry which returned -48.1% over the past year.
  • WYR underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
WYR
Industry
5yr Volatility vs Market

Value

 Is Wynn Resorts 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 Resorts 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 Resorts.

DB:WYR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 16 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.9%
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:WYR
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- 21%) (204.77%))
1.702
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.7
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.702 * 5.44%)
8.87%

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

The calculations below outline how an intrinsic value for Wynn Resorts 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:WYR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.87%)
2020 555.50 Analyst x2 510.26
2021 1,340.67 Analyst x3 1,131.18
2022 2,054.55 Est @ 53.25% 1,592.34
2023 2,817.96 Est @ 37.16% 2,006.13
2024 3,547.61 Est @ 25.89% 2,319.88
2025 4,186.46 Est @ 18.01% 2,514.68
2026 4,709.29 Est @ 12.49% 2,598.34
2027 5,115.46 Est @ 8.63% 2,592.58
2028 5,418.32 Est @ 5.92% 2,522.43
2029 5,636.54 Est @ 4.03% 2,410.30
Present value of next 10 years cash flows $20,198.00
DB:WYR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $5,636.54 × (1 + -0.39%) ÷ (8.87% – -0.39%)
$60,655.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $60,655.61 ÷ (1 + 8.87%)10
$25,937.63
DB:WYR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $20,198.00 + $25,937.63
$46,135.63
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $46,135.63 / 106.77
$432.1
DB:WYR Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:WYR represents 0.99298x of NasdaqGS:WYNN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99298x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 432.10 x 0.99298
€429.06
Value per share (EUR) From above. €429.06
Current discount Discount to share price of €48.09
= -1 x (€48.09 - €429.06) / €429.06
88.8%

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

Current Discount
Amount off the current price Wynn Resorts is available for.
Intrinsic value
>50%
Share price is €48.09 vs Future cash flow value of €429.06
Current Discount Checks
For Wynn Resorts to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Wynn Resorts's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Wynn Resorts'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 Resorts's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wynn Resorts's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:WYR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.15
NasdaqGS:WYNN Share Price ** NasdaqGS (2020-04-03) in USD $48.43
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 Resorts.

DB:WYR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:WYNN Share Price ÷ EPS (both in USD)

= 48.43 ÷ 1.15

42.03x

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

  • Wynn Resorts is overvalued based on earnings compared to the DE Hospitality industry average.
  • Wynn Resorts is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Wynn Resorts's expected growth come at a high price?
Raw Data
DB:WYR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 42.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
47.1%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:WYR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 42.03x ÷ 47.1%

0.89x

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

  • Wynn Resorts is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Wynn Resorts's assets?
Raw Data
DB:WYR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $16.35
NasdaqGS:WYNN Share Price * NasdaqGS (2020-04-03) in USD $48.43
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:WYR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:WYNN Share Price ÷ Book Value per Share (both in USD)

= 48.43 ÷ 16.35

2.96x

* Primary Listing of Wynn Resorts.

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

  • Wynn Resorts is overvalued based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Wynn Resorts'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 Resorts has a total score of 3/6, 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.

Future Performance

 How is Wynn Resorts expected to perform in the next 1 to 3 years based on estimates from 16 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
47.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wynn Resorts expected to grow at an attractive rate?
  • Wynn Resorts's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Wynn Resorts's earnings growth is expected to exceed the Germany market average.
  • Wynn Resorts's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:WYR Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:WYR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 47.1%
DB:WYR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 6.4%
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:WYR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:WYR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 8,715 2,477 1,298 2
2022-12-31 7,682 2,249 870 7
2021-12-31 7,144 1,582 518 16
2020-12-31 5,964 730 46 16
2020-04-05
DB:WYR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 6,611 901 123
2019-09-30 6,645 1,243 661
2019-06-30 6,707 1,418 820
2019-03-31 6,654 1,279 882
2018-12-31 6,718 961 572
2018-09-30 6,652 1,097 599
2018-06-30 6,495 1,126 523
2018-03-31 6,362 1,408 442
2017-12-31 6,070 1,877 747
2017-09-30 5,748 1,567 369
2017-06-30 5,307 1,404 272
2017-03-31 4,892 1,270 268

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Wynn Resorts's earnings are expected to grow significantly at over 20% yearly.
  • Wynn Resorts's revenue is expected to grow by 6.4% 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:WYR 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 16 Analyst Estimates (S&P Global) See Below

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

DB:WYR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 12.14 12.14 12.14 1.00
2022-12-31 8.14 10.64 6.11 3.00
2021-12-31 5.33 9.30 -0.82 13.00
2020-12-31 1.35 7.25 -8.77 13.00
2020-04-05
DB:WYR Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.15
2019-09-30 6.18
2019-06-30 7.64
2019-03-31 8.19
2018-12-31 5.37
2018-09-30 5.70
2018-06-30 5.04
2018-03-31 4.32
2017-12-31 7.32
2017-09-30 3.63
2017-06-30 2.68
2017-03-31 2.64

*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 Resorts 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 Resorts'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 Resorts has a total score of 5/6, 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.

Past Performance

  How has Wynn Resorts 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 Resorts'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 Resorts's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Wynn Resorts's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Wynn Resorts's 1-year earnings growth is negative, it can't be compared to the DE Hospitality industry average.
Earnings and Revenue History
Wynn Resorts'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 Resorts Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WYR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 6,611.10 122.99 1,020.58
2019-09-30 6,645.23 660.79 1,016.29
2019-06-30 6,706.54 820.40 973.52
2019-03-31 6,653.63 881.61 891.27
2018-12-31 6,717.66 572.43 821.43
2018-09-30 6,652.24 599.25 771.36
2018-06-30 6,494.51 522.90 749.11
2018-03-31 6,361.98 442.06 724.51
2017-12-31 6,070.16 747.18 705.47
2017-09-30 5,748.43 369.30 696.08
2017-06-30 5,306.90 272.09 721.63
2017-03-31 4,892.38 267.57 720.72
2016-12-31 4,345.80 241.98 711.06
2016-09-30 4,112.77 215.40 667.75
2016-06-30 3,999.23 329.04 594.13
2016-03-31 3,981.32 315.11 561.08
2015-12-31 4,075.88 195.29 553.53
2015-09-30 4,266.96 217.42 564.08
2015-06-30 4,640.68 312.61 563.34
2015-03-31 5,012.29 460.06 559.26
2014-12-31 5,433.66 731.55 526.52
2014-09-30 5,815.58 836.09 503.50
2014-06-30 5,835.69 826.71 482.31
2014-03-31 5,755.90 752.59 473.09
2013-12-31 5,620.94 728.65 463.83
2013-09-30 5,390.12 626.14 473.69
2013-06-30 5,298.51 556.16 477.70

*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 Resorts has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Wynn Resorts used its assets less efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Wynn Resorts has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Wynn Resorts'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 Resorts has a total score of 2/6, 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.

Health

 How is Wynn Resorts'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 Resorts's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wynn Resorts is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Wynn Resorts's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Wynn Resorts'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 0.3x 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 Resorts Company Filings, last reported 3 months ago.

DB:WYR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,541.47 10,407.66 2,351.90
2019-09-30 1,665.88 9,537.96 1,676.11
2019-06-30 1,850.94 9,151.90 1,501.89
2019-03-31 1,915.24 9,170.03 1,822.89
2018-12-31 1,814.79 9,423.10 2,215.00
2018-09-30 1,540.28 8,932.17 1,949.25
2018-06-30 1,819.60 8,312.68 1,504.83
2018-03-31 771.39 9,356.39 2,060.87
2017-12-31 1,078.35 9,628.63 2,971.25
2017-09-30 398.21 10,177.15 3,092.85
2017-06-30 357.71 9,808.15 2,622.74
2017-03-31 352.66 9,812.98 2,677.24
2016-12-31 257.88 10,125.35 2,626.56
2016-09-30 -64.43 9,441.93 1,736.80
2016-06-30 1.70 9,459.25 2,112.79
2016-03-31 80.94 9,409.76 2,285.79
2015-12-31 21.85 9,149.77 2,195.39
2015-09-30 -60.78 8,749.54 2,025.24
2015-06-30 -110.66 8,065.87 1,616.66
2015-03-31 -147.15 7,985.36 1,805.88
2014-12-31 211.09 7,345.26 2,422.30
2014-09-30 293.42 7,342.28 3,141.61
2014-06-30 288.17 7,311.18 3,277.26
2014-03-31 320.74 7,330.83 3,492.50
2013-12-31 132.35 6,587.57 2,609.44
2013-09-30 241.34 6,210.01 2,192.81
2013-06-30 177.56 6,011.81 2,174.62
  • Wynn Resorts's level of debt (675.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (3550% vs 675.2% today).
  • Debt is not well covered by operating cash flow (8.7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Wynn Resorts'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 Resorts 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.

Dividends

 What is Wynn Resorts'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
8.26%
Current annual income from Wynn Resorts dividends. Estimated to be 7.87% next year.
If you bought €2,000 of Wynn Resorts shares you are expected to receive €165 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 Resorts's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Wynn Resorts'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:WYR 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 16 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:WYR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 5.49 1.00
2022-12-31 4.41 6.00
2021-12-31 4.12 13.00
2020-12-31 3.15 14.00
2020-04-05
DB:WYR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-28 4.000 6.003
2020-02-06 4.000 3.191
2019-11-06 4.000 3.074
2019-08-08 4.000 3.571
2019-08-06 4.000 3.601
2019-05-16 4.000 3.248
2019-02-28 3.000 2.302
2019-01-30 3.000 2.366
2018-11-07 3.000 2.805
2018-08-01 3.000 2.352
2018-05-09 3.000 1.722
2018-04-24 3.000 1.581
2018-02-28 2.000 1.107
2018-01-22 2.000 1.169
2017-11-08 2.000 1.231
2017-10-26 2.000 1.347
2017-08-04 2.000 1.423
2017-07-25 2.000 1.547
2017-05-04 2.000 1.531
2017-04-25 2.000 1.613
2017-02-24 2.000 1.831
2017-01-26 2.000 2.049
2016-11-04 2.000 2.173
2016-11-02 2.000 2.210
2016-08-09 2.000 2.050
2016-07-28 2.000 2.021
2016-05-06 2.000 2.103
2016-05-05 2.000 2.212
2016-02-29 2.000 2.196
2016-02-11 2.000 2.630
2015-10-15 3.000 4.678
2015-07-29 3.000 4.000
2015-05-08 3.000 2.895
2015-04-28 3.000 2.597
2015-03-02 7.000 5.389
2015-02-03 7.000 4.645
2014-11-07 7.000 4.457
2014-10-28 7.000 3.799
2014-07-29 8.000 4.221
2014-05-01 8.000 3.892
2013-11-05 8.000 3.992
2013-10-24 11.500 6.840
2013-07-29 11.500 7.696
2013-04-25 11.500 8.556
2013-03-01 11.500 9.396
2013-01-31 11.500 9.510
2012-10-24 9.500 8.280
2012-07-17 7.000 6.622
2012-05-10 7.000 6.851
2012-05-07 7.000 5.928
2011-11-02 7.000 5.897
2011-10-19 10.000 7.750
2011-07-18 10.000 7.013
2011-04-19 10.000 6.962
2010-11-02 0.000 0.000
2010-07-29 1.000 1.090
2010-05-07 1.000 1.223
2010-04-29 1.000 1.164
2009-11-09 0.800 1.170

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 increased over the past 10 years.
Current Payout to shareholders
What portion of Wynn Resorts's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Wynn Resorts'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 Resorts afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wynn Resorts 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.

Management

 What is the CEO of Wynn Resorts'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 $17,129,183
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
  • Matt's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Matt's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

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

1.8
Average Tenure
52
Average Age
  • The average tenure for the Wynn Resorts management team is less than 2 years, this suggests a new team.
Management Team

Matt Maddox

TITLE
CEO & Director
COMPENSATION
$17M
AGE
43
TENURE
2.2 yrs

Craig Billings

TITLE
President
COMPENSATION
$7M
AGE
46
TENURE
0.9 yrs

Ellen Whittemore

TITLE
Executive VP
COMPENSATION
$2M
AGE
62
TENURE
1.8 yrs

Robert Amerine

TITLE
Vice President – Corporate Finance

Scott Moore

TITLE
Chief Marketing Officer
TENURE
1.3 yrs

Erik Hansen

TITLE
Chief Sustainability Officer
TENURE
1.8 yrs

Michael Weaver

TITLE
Chief Communications Officer
TENURE
1.3 yrs

Rose Huddleston

TITLE
Senior Vice President of Human Resources for North America

Linda Chen

TITLE
President of Wynn International Marketing
COMPENSATION
$4M
AGE
52
TENURE
15.3 yrs

Ian Coughlan

TITLE
President of Wynn Macau Limited
AGE
60
TENURE
3.6 yrs
Board of Directors Tenure

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

2
Average Tenure
63.5
Average Age
  • The average tenure for the Wynn Resorts board of directors is less than 3 years, this suggests a new board.
Board of Directors

Phil Satre

TITLE
Non-Executive Chairman
COMPENSATION
$425K
AGE
68
TENURE
1.4 yrs

Matt Maddox

TITLE
CEO & Director
COMPENSATION
$17M
AGE
43
TENURE
1.7 yrs

Linda Chen

TITLE
President of Wynn International Marketing
COMPENSATION
$4M
AGE
52
TENURE
5.3 yrs

Jay Johnson

TITLE
Independent Director
COMPENSATION
$471K
AGE
72
TENURE
3.7 yrs

Betsy Atkins

TITLE
Independent Director
COMPENSATION
$728K
AGE
66
TENURE
2 yrs

Wendy Webb

TITLE
Independent Director
COMPENSATION
$724K
AGE
61
TENURE
2 yrs

Sandy Randt

TITLE
Director
COMPENSATION
$365K
AGE
73
TENURE
4.5 yrs

Pat Mulroy

TITLE
Independent Director
COMPENSATION
$550K
AGE
66
TENURE
4.5 yrs

Dee Dee Myers

TITLE
Independent Director
COMPENSATION
$736K
AGE
57
TENURE
2 yrs

Rich Byrne

TITLE
Independent Director
COMPENSATION
$339K
AGE
58
TENURE
1.7 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 (€)
20. Nov 19 Sell Craig Billings Individual 18. Nov 19 18. Nov 19 -3,750 €108.09 €-405,348
29. Aug 19 Sell Patricia Mulroy Individual 28. Aug 19 28. Aug 19 -900 €93.97 €-84,576
X
Management checks
We assess Wynn Resorts'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 Resorts 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.

News

Simply Wall St News

Company Info

Description

Wynn Resorts, Limited owns and operates destination casino resorts. As of February 20, 2019, the company’s Wynn Palace segment had approximately 424,000 square feet of casino space, which offered 320 table games and 1,041 slot machines, private gaming salons, and sky casinos; a luxury hotel towers with 1,706 guest rooms, suites, and villas; 13 food and beverage outlets; 106,000 square feet of retail space; 37,000 square feet of meeting and convention space; recreation and leisure facilities comprising a gondola ride, health club, spa, salon, and pool; and public attractions, such as performance lake and floral art displays. Its Wynn Macau segment had approximately Wynn Macau square feet of casino space that offers 317 table games and 810 slot machines, private gaming salons, sky casinos, and a poker pit; 2 luxury hotel with a total of 1,008 guest rooms and suites; 11 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; recreation and leisure facilities, including a 2 health clubs, spas, a salon, and a pool; and Chinese zodiac-inspired ceiling along with gold prosperity tree and dragon of fortune attractions. The company’s Las Vegas Operations segment had approximately 192,000 square feet of casino space, which provide 243 table games and 1,811 slot machines, private gaming salons, a sky casino, a poker room, and a race and sports book; 2 luxury hotel towers with a total of 4,748 guest rooms, suites, and villas; 33 food and beverage outlets; 160,000 square feet of retail space; 290,000 square feet of meeting and convention space; 3 nightclubs and a beach club; recreation and leisure facilities, including swimming pools, private cabanas, 2 full service spas and salons, and a wedding chapel; and Le Rêve-The Dream, a water-based theatrical production and a theater presenting entertainment productions and various headliner entertainment acts. The company was founded in 2002 and is based in Las Vegas, Nevada.

Details
Name: Wynn Resorts, Limited
WYR
Exchange: DB
Founded: 2002
$4,799,883,459
106,771,679
Website: http://www.wynnresorts.com
Address: Wynn Resorts, Limited
3131 Las Vegas Boulevard South,
Las Vegas,
Nevada, 89109,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS WYNN Common Stock 0.01 Nasdaq Global Select US USD 25. Oct 2002
DB WYR Common Stock 0.01 Deutsche Boerse AG DE EUR 25. Oct 2002
LSE 0QYK Common Stock 0.01 London Stock Exchange GB USD 25. Oct 2002
SWX WYNN Common Stock 0.01 SIX Swiss Exchange CH CHF 25. Oct 2002
BMV WYNN * Common Stock 0.01 Bolsa Mexicana de Valores MX MXN 25. Oct 2002
BOVESPA W1YN34 BDR EACH REPR 2 COM Bolsa de Valores de Sao Paulo BR BRL 30. Dec 2019
Number of employees
Current staff
Staff numbers
30,200
Wynn Resorts employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 23:25
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/02/28
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.