# Wynn Resorts Ltd (WYNN) — Stock CV

Wynn Resorts Ltd is a $7.79B consumer company. Revenue grew 6.4% over the last year, it keeps 6¢ of every dollar of sales as profit, and its net debt equals ~11.5 years of free cash flow. It trades at 17.7× earnings — in the cheapest third of its own history.

> Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO.

## Identity

- **Ticker**: WYNN
- **Sector**: Consumer Cyclical
- **Industry**: Hotels & Motels
- **Headquarters**: LAS VEGAS, NV
- **Employees**: 28 500
- **Website**: https://www.wynnresorts.com
- **Market cap**: $7.79B
- **Last price**: $75.66
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $7.41B
- **Net income**: $449M
- **Free cash flow**: $792M
- **Net debt**: $9.07B
- **P/E**: 17.7
- **Revenue growth (YoY)**: 6.4%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 95 |
| Growth | 32 |
| Profitability | 38 |
| Health | 12 |
| Quality | 71 |
| Moat | 18 |

## Qualifications (beginner checklist) — 8 of 11 passed

- [x] Revenue growing — +6.4% YoY
- [x] Profitable — $449M TTM
- [ ] Profit growing — -34.7% YoY
- [x] Generates cash — $792M TTM
- [ ] Debt under control — ~11.5y of cash flow to repay
- [x] Established company — $7.79B market cap
- [x] Not printing shares — -2.3% shares over ~5y
- [x] Proven track record — 7/10 profitable years
- [ ] Financially stable — Altman Z 0.6 — distress
- [x] Pays a dividend — yield 2.29%
- [x] Valuation not extreme — P/E 17.7

## Experience (career milestones)

- **FY2017** — Best year on record: $747M net income
- **FY2016** — First recorded profitable year: $242M net income
- **FY2016** — Revenue already above $1B: $4.47B in first reported year

## Strengths

- High gross margin (40.7%)

## Watch-outs

- Altman Z-Score 0.61 — elevated financial-distress risk
- Net debt would take ~12.9 years of free cash flow to repay
- Thin interest coverage (1.9×)
- Loss-making in 3 of the recent years
- Net debt equals ~11.5 years of free cash flow

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $3.76B | -$756M | -$513M |
| FY2022 | $3.76B | -$424M | -$371M |
| FY2023 | $6.53B | $730M | $805M |
| FY2024 | $7.13B | $501M | $1.01B |
| FY2025 | $7.14B | $327M | $692M |

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Source: https://stockcv.com/WYNN — derived from company filings; may be delayed or incomplete. Information, not investment advice.