Consumer Cyclical › Resorts & Casinos

Wynn Resorts, Limited (WYNN) Stock Overview

Market Cap: $10.76B

Wynn Resorts, Limited designs, develops, and operates integrated resorts. It operates in four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor.

Mar 19, 2026$103.16

1Y +21.3%

Rewards

★Gross margin of 68.2% indicates strong pricing power — typical of businesses with significant intellectual property or brand strength.
★Each dollar of retained earnings has created $2.73 of market value — management is an exceptional capital allocator.

Risks

⚠FCF yield of 6.4% suggests reasonable valuation assuming continued moderate growth.
⚠Trailing P/E of 32.9x is 39% above the historical average of 23.7x — the stock trades at a premium to its own history.
⚠Net debt/EBITDA of 5.8x indicates heavy leverage — it would take over 4 years of EBITDA to pay off net debt.

WYNN Key Valuation Metrics

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Free Cash Flow

$691.76M

FCF Yield

6.43%

Trailing P/E

32.85

Forward P/E

17.36

ROIC

7.19%

ROE

N/A

Gross Margin

68.18%

PEG Ratio

N/A

Debt / Equity

N/A

Interest Coverage

N/A

Net Debt / EBITDA

5.85

Dividend Yield

0.97%

WYNN Historical Fundamentals

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Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation.

WYNN $1 Retained Earnings Test

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Market Value

$2.73

created per $1 retained

Exceptional Value Creator

Earning Power

$7.20

created per $1 retained

Exceptional Value Creator

Σ Retained

$1.16B

Δ Market Cap

+$3.16B

Δ Earning Power

+$8.35B

Buffett's "$1 Test": For every $1 retained, how much value did management create?
Market Value = market's verdict (mood-sensitive) · Earning Power = owner earnings / discount rate (mood-independent)

WYNN Discounted Cash Flow (DCF) Analysis

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Insufficient Data

Enter initial FCF to calculate intrinsic value

Current Price: $103.16

Strongly undervalued

Strongly overvalued

Fair Value: $0.00

Strongly undervalued

Undervalued

Fairly valued

Overvalued

Strongly overvalued

Parameter	Min (Bear)Value	BaseValue	Max (Bull)Value
Initial Cash Flow
Growth Rate (Yr 1-5)	%	%	%
Growth Rate (Yr 6-10)	%	%	%
Terminal Growth Rate	%	%	%
Discount Rate	%	%	%
	Bear Case $0.00 Implied EV: $5.88B	Base Case $0.00 Implied EV: $8.35B	Bull Case $4.89 Implied EV: $10.74B

Reverse DCF — Market-Implied Growth

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What growth rate is the market pricing in at $103?

+23.6%

Market-Implied Owner Earnings Growth

Standard FCF implies +13.4%

The market implies +23.6% Owner Earnings growth, above historical trends.

Standard FCF implies a demanding +13.4%, reflecting heavy growth investment.

WYNN Economic Moat Score

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30/100

No Moat

70+ Wide · 40-69 Narrow · <40 None

No durable moat detected, though reinvestment efficiency shows some competitive positioning. The business lacks consistent evidence of sustainable advantages.

Composite score measuring competitive advantage durability across four dimensions: returns above cost of capital, pricing power stability, revenue predictability, and capital efficiency. Based on 4 years of fundamental data.

WYNN Forensic Accounting

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-2.53

Unlikely Manipulator

Above -1.78 = likely manipulator · -2.22 to -1.78 = grey zone

M-Score Trend

Beneish's 8-variable model estimates the probability of earnings manipulation. An M-Score above -1.78 signals elevated risk — companies in this range have historically been 3-5× more likely to be manipulating earnings. Scores between -2.22 and -1.78 fall in a grey zone warranting further investigation.

WYNN Management & Board

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Mr. Craig Scott Billings

CEO & Director · Age 52

$4.72M

total pay

Ms. Julie Mireille Cameron-Doe

Chief Financial Officer · Age 54

$1.99M

total pay

Ms. Jacqui Krum

Executive VP, General Counsel & Secretary · Age 49

$1.32M

total pay

Mr. Price Karr

Senior VP of IR, Corporate Finance & Treasurer

Mr. Michael Weaver

Chief Communications Officer

Mr. Erik Hansen

Chief Sustainability Officer

Mr. Brian Gullbrants

Chief Operating Officer - North America

Ms. Jenny Holaday

President of Encore Boston Harbor

Mr. Todd-Avery Lenahan

President & Chief Creative Officer of Wynn Design and Development, LLC

Mr. Max Tappeiner

President of Wynn Al Marjan Island

WYNN Ownership

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Insiders 27.0%Institutions 68.5%Retail & Other 4.4%

No. of Institutional Holders751

High insider ownership aligns management incentives with shareholders — a key signal in Buffett-style analysis. Institutional concentration can indicate smart-money conviction but also crowding risk.

WYNN Insider Buying Activity

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Buys (3M)

Buys (12M)

Total value (12M): $29.25M

FERTITTA TILMAN J

Beneficial Owner of more than 10% of a Class of Security

$27.87M

@ $69.68 · 2025-04-07

FERTITTA TILMAN J

Beneficial Owner of more than 10% of a Class of Security

$1.38M

@ $83.73 · 2025-03-24

LIU PAUL ALBERT

Director

$147,904

@ $92.44 · 2025-02-19

SATRE PHILIP G

Director

$2.05M

@ $92.18 · 2025-02-18

Open market purchases · includes direct & indirect ownership · excludes option exercises

WYNN Insider Selling Activity

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Sells (3M)

Sells (12M)

Total value (12M): $763,125

MULROY ELIZABETH PATRICIA

Director

$554,750

@ $125.00 · 2025-09-02

MULROY ELIZABETH PATRICIA

Director

$208,375

@ $92.12 · 2025-05-29

ATKINS BETSY S

Director

$230,878

@ $94.39 · 2024-05-28

MYERS MARGARET JANE

Director

$196,100

@ $98.05 · 2024-05-13

Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives

WYNN 🎭 Mr. Market's Mood

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😐Neutral(41/100)

"Market is pricing this stock without strong emotion in either direction"

Composite sentiment score based on 6 market signals. Inspired by Buffett's "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.

WYNN ⚖️ Buffett Signal

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⚪Awaiting DCF Data

The Buffett Signal cross-references market sentiment with DCF valuation. Configure the DCF Analysis above to generate a signal.

DCF Margin of Safety: N/AMr. Market's Mood: Neutral (41)

WYNN Investment Checklist & Notes

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Do I understand this business?

Does it have a durable competitive advantage (moat)?

Is management honest and competent?

Is management allocating capital rationally?

Is the price reasonable (margin of safety)?

Is this within my circle of competence?

Auto-saved • Last updated: 3/20/2026, 4:32:18 AM

WYNN Insider Buying Activity

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Buys (3M)

Buys (12M)

Total value (12M): $29.25M

FERTITTA TILMAN J

Beneficial Owner of more than 10% of a Class of Security

$27.87M

@ $69.68 · 2025-04-07

FERTITTA TILMAN J

Beneficial Owner of more than 10% of a Class of Security

$1.38M

@ $83.73 · 2025-03-24

LIU PAUL ALBERT

Director

$147,904

@ $92.44 · 2025-02-19

SATRE PHILIP G

Director

$2.05M

@ $92.18 · 2025-02-18

Open market purchases · includes direct & indirect ownership · excludes option exercises

WYNN Insider Selling Activity

Learn more →

Sells (3M)

Sells (12M)

Total value (12M): $763,125

MULROY ELIZABETH PATRICIA

Director

$554,750

@ $125.00 · 2025-09-02

MULROY ELIZABETH PATRICIA

Director

$208,375

@ $92.12 · 2025-05-29

ATKINS BETSY S

Director

$230,878

@ $94.39 · 2024-05-28

MYERS MARGARET JANE

Director

$196,100

@ $98.05 · 2024-05-13

Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives

WYNN Investment Checklist & Notes

Learn more →

Do I understand this business?

Does it have a durable competitive advantage (moat)?

Is management honest and competent?

Is management allocating capital rationally?

Is the price reasonable (margin of safety)?

Is this within my circle of competence?

Auto-saved • Last updated: 3/20/2026, 4:32:18 AM

Wynn Resorts, Limited (WYNN) Stock Overview

Rewards

Risks

WYNN Key Valuation Metrics

WYNN Historical Fundamentals

WYNN $1 Retained Earnings Test

WYNN Discounted Cash Flow (DCF) Analysis

Reverse DCF — Market-Implied Growth

WYNN Economic Moat Score

WYNN Forensic Accounting

M-Score Trend

WYNN Management & Board

WYNN Ownership

WYNN Insider Buying Activity

WYNN Insider Selling Activity

WYNN 🎭 Mr. Market's Mood

WYNN ⚖️ Buffett Signal

Compare WYNN

WYNN Investment Checklist & Notes

WYNN Insider Buying Activity

WYNN Insider Selling Activity

WYNN Investment Checklist & Notes