Wynn Resorts Limited
Find Ratings ReportsWYNN RESORTS LTD's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. The company has grown sales and net income significantly, outpacing the average growth rates of competitors within its subsector. WYNN RESORTS LTD has strong liquidity. Currently, the Quick Ratio is 1.85 which shows the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
At the same time, stockholders' equity ("net worth") has greatly increased by 66.51% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 1840.46 | 1004.94 |
EBITDA ($mil) | 531.15 | 89.51 |
EBIT ($mil) | 354.63 | -82.78 |
Net Income ($mil) | 729.16 | 32.41 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 3724.4 | 3655.26 |
Total Assets ($mil) | 13996.22 | 13415.1 |
Total Debt ($mil) | 13416.82 | 13789.74 |
Equity ($mil) | -251.38 | -750.84 |
Profitability | Q4 FY23 | Q4 FY22 |
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Gross Profit Margin | 44.41 | 36.68 |
EBITDA Margin | 28.85 | 8.9 |
Operating Margin | 19.27 | -8.24 |
Sales Turnover | 0.47 | 0.28 |
Return on Assets | 5.21 | -3.15 |
Return on Equity | 0.0 | 0.0 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.93 | 2.22 |
Debt/Capital | 1.02 | 1.06 |
Interest Expense | 188.6 | 177.47 |
Interest Coverage | 1.88 | -0.47 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 111.74 | 113.37 |
Div / share | 0.25 | 0.0 |
EPS | 6.19 | 0.29 |
Book value / share | -2.25 | -6.62 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1884353.0 | 2250773.0 |
HOLD. WYNN RESORTS LTD's P/E ratio indicates a significant discount compared to an average of 29.44 for the Accommodation subsector and a significant discount compared to the S&P 500 average of 27.95. Normally, for additional comaprison, we would look at the price-to-book ratio; however, this company's price-to-book ratio is negative making the value useless for comparisons. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. After reviewing these and other key valuation criteria, WYNN RESORTS LTD proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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WYNN 16.89 | Peers 29.44 | WYNN 9.04 | Peers 21.25 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. WYNN is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. WYNN is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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WYNN 18.16 | Peers 23.10 | WYNN NM | Peers 0.87 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. WYNN is trading at a discount to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. WYNN's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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WYNN NM | Peers 9.62 | WYNN 261.18 | Peers 89.27 | |||||||||||||||||||||
Neutral. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. WYNN's P/B is negative making this valuation measure meaningless. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. WYNN is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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WYNN 1.73 | Peers 5.10 | WYNN 73.86 | Peers 38.74 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. WYNN is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. WYNN has a sales growth rate that significantly exceeds its peers. |
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