WYNN MACAU, LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.78 HKD | +3.18% |
|
+4.15% | +21.00% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 99,770 | 67,667 | 33,163 | 45,548 | 33,557 | 39,394 | - | - |
| Enterprise Value (EV) 1 | 124,840 | 98,036 | 68,033 | 86,353 | 33,557 | 75,330 | 71,446 | 70,467 |
| P/E ratio | 19.8 x | -9.37 x | -6.37 x | -6.17 x | 33.8 x | 14.5 x | 11.4 x | 9.1 x |
| Yield | 4.69% | - | - | - | - | 2.19% | 3% | 3.94% |
| Capitalization / Revenue | 2.79 x | 8.91 x | 2.82 x | 8.07 x | 1.38 x | 1.31 x | 1.25 x | 1.15 x |
| EV / Revenue | 3.49 x | 12.9 x | 5.78 x | 15.3 x | 1.38 x | 2.51 x | 2.26 x | 2.06 x |
| EV / EBITDA | 11.7 x | -53.4 x | 91 x | -44.3 x | 5.07 x | 9.12 x | 7.81 x | 7.38 x |
| EV / FCF | 18.5 x | -22 x | -40.3 x | -35 x | - | 10.5 x | 9.69 x | 7.57 x |
| FCF Yield | 5.41% | -4.55% | -2.48% | -2.86% | - | 9.55% | 10.3% | 13.2% |
| Price to Book | 50.2 x | -12.7 x | -3.3 x | -2.64 x | - | -2.94 x | -4.12 x | -6.56 x |
| Nbr of stocks (in thousands) | 5,196,331 | 5,197,189 | 5,206,132 | 5,235,432 | 5,218,822 | 5,224,612 | - | - |
| Reference price 2 | 19.20 | 13.02 | 6.370 | 8.700 | 6.430 | 7.540 | 7.540 | 7.540 |
| Announcement Date | 20-02-06 | 21-02-05 | 22-02-16 | 23-03-30 | 24-03-21 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 35,817 | 7,598 | 11,771 | 5,644 | 24,268 | 30,009 | 31,560 | 34,154 |
| EBITDA 1 | 10,701 | -1,836 | 747.7 | -1,948 | 6,621 | 8,256 | 9,149 | 9,543 |
| EBIT 1 | 6,365 | -5,403 | -2,657 | -4,888 | 3,702 | 5,546 | 6,043 | 6,579 |
| Operating Margin | 17.77% | -71.1% | -22.57% | -86.61% | 15.26% | 18.48% | 19.15% | 19.26% |
| Earnings before Tax (EBT) 1 | 5,020 | -7,207 | -5,181 | -7,327 | 1,214 | 2,401 | 3,829 | 4,132 |
| Net income 1 | 5,008 | -7,220 | -5,194 | -7,339 | 1,172 | 2,862 | 3,618 | 4,448 |
| Net margin | 13.98% | -95.02% | -44.12% | -130.04% | 4.83% | 9.54% | 11.46% | 13.02% |
| EPS 2 | 0.9700 | -1.390 | -1.000 | -1.410 | 0.1900 | 0.5194 | 0.6634 | 0.8290 |
| Free Cash Flow 1 | 6,749 | -4,457 | -1,688 | -2,469 | - | 7,193 | 7,374 | 9,305 |
| FCF margin | 18.84% | -58.66% | -14.34% | -43.74% | - | 23.97% | 23.36% | 27.24% |
| FCF Conversion (EBITDA) | 63.08% | - | - | - | - | 87.13% | 80.6% | 97.51% |
| FCF Conversion (Net income) | 134.78% | - | - | - | - | 251.34% | 203.79% | 209.21% |
| Dividend per Share 2 | 0.9000 | - | - | - | - | 0.1650 | 0.2266 | 0.2973 |
| Announcement Date | 20-02-06 | 21-02-05 | 22-02-16 | 23-03-30 | 24-03-21 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,430 | 2,540 | 2,343 | 905.5 | 907 | 4,698 | 6,020 | 6,404 | 7,042 | 7,042 | 7,045 | 7,045 |
| EBITDA | - | - | -43.54 | - | - | - | - | 1,992 | - | - | - | - |
| EBIT 1 | -729.6 | -984.1 | -766.2 | -1,441 | -1,265 | 370.4 | 954.1 | 997.6 | 1,258 | 1,258 | 1,261 | 1,261 |
| Operating Margin | -30.02% | -38.74% | -32.71% | -159.18% | -139.47% | 7.88% | 15.85% | 15.58% | 17.86% | 17.86% | 17.9% | 17.9% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS 2 | - | -0.3100 | - | - | - | - | - | - | 0.1200 | 0.1200 | 0.1200 | 0.1200 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 21-11-10 | 22-02-16 | 22-05-11 | 22-08-29 | 22-11-10 | 23-05-10 | 23-08-10 | 23-11-10 | - | - | - | - |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 25,070 | 30,368 | 34,869 | 40,805 | - | 35,936 | 32,052 | 31,074 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.343 x | -16.54 x | 46.63 x | -20.94 x | - | 4.353 x | 3.503 x | 3.256 x |
| Free Cash Flow 1 | 6,749 | -4,457 | -1,688 | -2,469 | - | 7,193 | 7,374 | 9,305 |
| ROE (net income / shareholders' equity) | 289% | - | - | - | - | - | - | - |
| ROA (Net income/ Total Assets) | 10.5% | -14.2% | -11.1% | -18.8% | - | 5.2% | 7.53% | 8.95% |
| Assets 1 | 47,737 | 50,992 | 46,909 | 38,988 | - | 54,989 | 48,027 | 49,698 |
| Book Value Per Share 2 | 0.3800 | -1.030 | -1.930 | -3.300 | - | -2.560 | -1.830 | -1.150 |
| Cash Flow per Share 2 | 1.300 | -0.7200 | -0.2300 | -0.4100 | - | 2.060 | 1.490 | 1.910 |
| Capex 1 | 1,640 | 749 | 488 | 349 | - | 1,946 | 2,651 | 3,752 |
| Capex / Sales | 4.58% | 9.86% | 4.15% | 6.18% | - | 6.49% | 8.4% | 10.99% |
| Announcement Date | 20-02-06 | 21-02-05 | 22-02-16 | 23-03-30 | 24-03-21 | - | - | - |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
7.54
HKD
Average target price
9.286
HKD
Spread / Average Target
+23.15%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +21.00% | 5.04B | |
| +11.19% | 33.87B | |
| +0.69% | 23.35B | |
| +22.07% | 20.47B | |
| -14.29% | 20.24B | |
| -11.38% | 19.98B | |
| -2.20% | 16.18B | |
| -1.35% | 9.78B | |
| -25.04% | 7.6B | |
| +3.23% | 7.2B |
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- Financials Wynn Macau, Limited
