Wynn Resorts, Limited (WYNN) Stock Valuation — DCF Analysis
Gambling, Resorts & Casinos · NASDAQ
Current Price
$107.27
Intrinsic Value
$76
-41.1% margin of safety
COMPETITIVE MOAT
↑Luxury Brand & Experience
Wynn cultivates an exclusive, high-end brand image, attracting a premium clientele. This focus on luxury experiences differentiates it from competitors and supports higher pricing power.
↑Prime Real Estate Holdings
Ownership of prime real estate in Las Vegas and Macau provides a significant competitive advantage. These locations are difficult to replicate and generate substantial recurring revenue.
↑Strong Macau Performance
Wynn's operations in Macau, particularly Wynn Palace, are showing strong recovery and growth. This demonstrates an ability to capitalize on key international gaming markets.
INVESTMENT RISKS
↓Geopolitical & Regulatory Uncertainty
Wynn's significant exposure to Macau makes it vulnerable to shifts in Chinese government policy and geopolitical tensions. These factors can impact visitation and operational flexibility.
↓Intense Industry Competition
The casino and resort industry is highly competitive, with players like MGM Resorts investing heavily in digital expansion. Wynn must continually innovate to maintain its market share.
↓Dependence on High Rollers
A substantial portion of Wynn's revenue comes from high-net-worth individuals. Economic downturns or changes in their spending habits can disproportionately affect profitability.
Base case
WYNN base case valuation
A base case discounted cash flow model for WYNN estimates an intrinsic value of about $76 per share, against a current price of $107.27. The model assumes -4.2% annual free cash flow growth, a 10.0% discount rate, and a 16x exit multiple.
Intrinsic Value
$76
Margin of safety
-41.1%
Expected annual return
-6.7%
Base case assumptions: -4.2% annual growth, 10.0% discount rate, 16x exit multiple, 5 year projection. Data as of 2026-06-12.
This base case uses default assumptions and is not financial advice. The intrinsic value changes significantly when the growth rate or discount rate changes. Open the calculator to set your own assumptions and see the full sensitivity range.
Customize the WYNN valuation
Adjust the growth rate, discount rate, and exit multiple to see how the intrinsic value and margin of safety for Wynn Resorts, Limited respond.
Open DCF Calculator for WYNNCompany Overview
Wynn Resorts, Limited excels in the conceptualization, development, and operation of upscale integrated resort properties. The Wynn Palace, situated in Cotai, boasts a gaming floor spanning 424,000 square feet, which includes 323 table games, 1,035 slot machines, exclusive private gaming salons, and sky casinos. Accommodations are offered in a luxurious hotel tower featuring 1,706 guest rooms, suites, and villas, complemented by a health club, spa, salon, and swimming pool. This location further provides 14 distinct food and beverage establishments, 107,000 square feet for retail, 37,000 square feet of conference and event space, alongside a performance lake and elaborate floral displays. The Wynn Macau resort presents a 252,000 square-foot casino housing 331 table games, 818 slot machines, private gaming salons, sky casinos, and a dedicated poker room. Its two opulent hotel towers collectively feature 1,010 guest rooms and suites, enhanced by two health clubs, two spas, a salon, and a swimming pool. Guests also have access to 14 dining and drinking venues, 59,000 square feet of shopping areas, 31,000 square feet of meeting and convention facilities, and a unique Chinese zodiac-inspired ceiling. The company's Las Vegas operations encompass a 194,000 square-foot casino, equipped with 223 table games, 1,751 slot machines, private gaming salons, a sky casino, a poker room, and a race and sports book. Two lavish hotel towers offer 4,748 guest rooms, suites, and villas, complete with multiple swimming pools, private cabanas, two full-service spas and salons, and a wedding chapel. Additional amenities include 32 food and beverage outlets, a substantial 513,000 square feet of meeting and convention space, 155,000 square feet of retail offerings, two theaters, three nightclubs, and a beach club. Finally, the Encore Boston Harbor facility comprises a 211,000 square-foot casino area, featuring 184 table games, 2,766 slot machines, various gaming zones, and a poker room. Its high-end hotel tower contains 671 guest rooms and suites, alongside a spa and salon. This property also includes 15 food and beverage options, a nightclub, 10,000 square feet of retail space, 71,000 square feet dedicated to meetings and conventions, a waterfront park, floral arrangements, and water shuttle services. Established in 2002, Wynn Resorts maintains its corporate headquarters in Las Vegas, Nevada.
Financial Metrics — WYNN Stock Valuation Data
Revenue/Share (TTM)
$70.76
FCF/Share (TTM)
$6.72
ROIC (TTM)
8.3%
ROE (TTM)
-115.5%
P/FCF
16.1x
EV/EBITDA
12.1x
FCF Yield
6.23%
Debt/Equity
n/m
Based on trailing twelve-month data, WYNN shows a free cash flow per share of $6.72 and a ROIC of 8.3%, key inputs for stock valuation using the DCF method. The P/FCF ratio of 16.1x and FCF yield of 6.23% are important context metrics when evaluating WYNN's stock valuation relative to peers.
Frequently Asked Questions
What is the intrinsic value of WYNN?
Wynn Resorts, Limited currently generates $6.72 in free cash flow per share. At the current price of $107.27, a DCF model would discount these cash flows at an appropriate WACC and apply a terminal growth rate to arrive at an intrinsic value. The result depends heavily on your growth and discount rate assumptions — a 1% change in WACC typically shifts the fair value estimate by 10-15%. In MiniValuator the model uses a single discount rate that you can edit directly, 10% by default, rather than a computed WACC.
Is WYNN undervalued?
WYNN trades at a P/FCF ratio of 16.1x with a free cash flow yield of 6.23%. This P/FCF is in a moderate range. However, whether WYNN is truly undervalued requires comparing the DCF intrinsic value to the current market price and evaluating whether the margin of safety is sufficient for your risk tolerance.
How do I value WYNN stock using DCF?
To perform a DCF valuation on Wynn Resorts, Limited: (1) Start with the trailing free cash flow per share ($6.72) as the base, (2) project future FCF growth over 5-10 years based on Gambling, Resorts & Casinos industry trends and company fundamentals, (3) apply a discount rate (WACC) reflecting WYNN's risk profile — with a debt-to-equity of -57.41x, capital structure is an important factor, and (4) add a terminal value for cash flows beyond the projection period.
What is DCF valuation and how does it apply to WYNN?
DCF (Discounted Cash Flow) estimates what a company is worth today based on its future cash generation. For Wynn Resorts, Limited, this means projecting how much free cash flow the company will produce over the next 5-10 years, shaped by Gambling, Resorts & Casinos trends, then discounting those amounts to today's dollars. WYNN's ROIC of 8.3% shows moderate capital returns.
How does WACC affect WYNN stock valuation?
WACC (Weighted Average Cost of Capital) is the discount rate in a DCF model — it reflects the minimum return investors require. For WYNN, with a debt-to-equity ratio of -57.41x, the capital structure directly influences WACC. A 1% increase in WACC typically reduces the intrinsic value by 10-15%. At an EV/EBITDA of 12.1x, the market's implied discount rate can be reverse-engineered for comparison. In MiniValuator you set this discount rate yourself as a single editable number, 10% by default, instead of computing a formal WACC.
Learn More
- See WYNN PE Valuation → — Earnings-based stock valuation using PE ratio analysis
- DCF Methodology — Step-by-step guide to discounted cash flow analysis
- PE Methodology — Guide to PE ratio stock valuation
- WACC — Understanding the discount rate used in DCF
- Margin of Safety — How to evaluate downside protection
- Intrinsic Value — How to evaluate stock fair value
- How to Calculate Intrinsic Value — Complete guide for investors
Related Valuations
All Consumer Cyclical valuationsDCF and P/E value WYNN with different methods and assumptions, so the two conclusions can differ. Compare the P/E fair value.
Price as of 2026-06-12. Financial data from Financial Modeling Prep (trailing twelve months) · Valuation methodology by Charlie Wang.
This is an estimate, not investment advice.