Wynn Resorts, Limited (WYNN) Intrinsic Value & DCF Valuation
Gambling, Resorts & Casinos · NASDAQ
Current Price
$100.64
Intrinsic Value
$102.82
+2.1% margin of safety
What Is Wynn Resorts, Limited's Intrinsic Value?
As of 2026-07-30, the base-case DCF model estimates the intrinsic value of Wynn Resorts, Limited (WYNN) at $102.82 per share, compared with a market price of $100.64, a margin of safety of +2.1%. The base case assumes 3.7% annual free cash flow growth and a 10.0% discount rate.
Across the sensitivity grid the estimate spans $80.81 to $128.35. Intrinsic value is an estimate built on assumptions, not a fact. A higher discount rate or slower growth pushes the estimate down, while stronger cash flow growth lifts it.
How the DCF works · Recalculate with your own assumptions · What is intrinsic value?
Is Wynn Resorts, Limited (WYNN) Undervalued?
At $100.64, WYNN trades about 2.1% below the base-case intrinsic value estimate. That is a real discount, but it stays short of the 30% margin of safety required before calling a stock undervalued.
COMPETITIVE MOAT
↑Luxury Brand & Prime Real Estate
Wynn's exclusive brand appeals to high-net-worth individuals. Its prime locations in Las Vegas and Macau offer limited competition and command premium pricing.
↑Customer Loyalty & High Spend
A loyal, high-spending customer base generates consistent revenue. Repeat business is driven by exceptional service and unique entertainment experiences.
↑Operational Excellence & Scale
Efficient operations and economies of scale in its integrated resorts allow for superior profit margins. This scale also supports significant investment in amenities.
INVESTMENT RISKS
↓Economic Sensitivity & Discretionary Spending
Wynn's revenue is highly dependent on discretionary consumer spending, which is vulnerable to economic downturns. Recessions can significantly reduce travel and entertainment budgets.
↓Geopolitical & Travel Disruptions
Geopolitical instability or global health crises can severely impact international travel, particularly to Macau. This directly affects a significant portion of Wynn's customer base.
↓Capital Intensity & Development Costs
Developing and maintaining luxury resorts requires substantial capital investment. Delays or cost overruns in new projects can strain financial resources.
Base case
WYNN base case valuation
Intrinsic Value
$102.82
Margin of safety
+2.1%
Expected annual return
+0.4%
Base case assumptions: 3.7% annual growth, 10.0% discount rate, 15x exit multiple, 5 year projection. Data as of 2026-07-30.
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
15.1x
EV/EBITDA
11.7x
FCF Yield
6.64%
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 15.1x and FCF yield of 6.64% 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 $100.64, 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 15.1x with a free cash flow yield of 6.64%. 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 11.7x, 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 2026-07-30. Financial data from Financial Modeling Prep (trailing twelve months) · Valuation methodology by Charlie Wang.
This is an estimate, not investment advice.