---
title: Wynn Resorts (WYNN) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/wynn
ticker: WYNN
as_of: 2026-10-17
sector: Consumer Cyclical
industry: Gambling, Resorts & Casinos
---
# Wynn Resorts (WYNN)

Wynn Resorts (WYNN) closed at $75.60 on Oct 16, 2026, undervalued by 44% vs its model value of $134.73 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $75.60 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $134.73 |
| Price vs model | undervalued by 44% vs model |
| Range of that model | $45.73 – $474.79 |
| Market value | $7.8B |
| P/E (fiscal 2025) | 24.1 |
| Net margin (fiscal 2025) | 4.6% |
| Free cash flow (fiscal 2025) | $692.2M |
| Dividend yield (trailing twelve months) | 1.32% |
| Beta | 0.95 |
| Cost of capital (WACC) | 6.58% |
| Business classification | Cyclical (Low/slowing growth (~5% recent), Decelerated from ~28% 5y CAGR, Thin margins (4.6% net margin), Pays dividends, Highly cyclical earnings, High leverage (D/E 5.0x), Strong FCF yield (8.9%)) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Highest free cash flow yield | #47 | 8.9% | https://sweetvaluelab.com/lists/highest-free-cash-flow-yield |
| Near 52-week lows | #10 | +2.5% | https://sweetvaluelab.com/lists/near-52-week-lows |
| Worst performing this year | #20 | −37.2% | https://sweetvaluelab.com/lists/worst-performing-this-year |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 1.32% |
| Dividends per share, last 12 months | $1.00 |
| Dividends / free cash flow (fiscal 2025) | 25.2% |
| Raised | — |
| Growth over 3 years | -26.3% a year |
| Latest payment | $0.25, ex-date Aug 14, 2026, paid Aug 28, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Aug 18, 2023 | $2.50 |
| To Aug 19, 2024 | $1.00 |
| To Aug 18, 2025 | $1.00 |
| Trailing twelve months (to Aug 14, 2026) | $1.00 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $134.73 | $45.73 | $474.79 |
| DCF · Perpetuity growth · 10y | cross check | $138.60 | $52.24 | $472.38 |
| DCF · EBITDA exit · 5y | cross check | $60.16 | $4.53 | $126.22 |
| DCF · EBITDA exit · 10y | cross check | $76.83 | $21.11 | $152.55 |
| P/E · peers | cross check | $57.40 | $52.69 | $95.51 |
| P/E · own history | cross check | $78.91 | $58.48 | $111.99 |
| PEG | sanity check | $110.17 | $110.17 | $110.17 |
| EV/EBITDA · peers | cross check | $50.61 | $14.71 | $63.11 |
| EV/Revenue · peers | cross check | $15.65 | $0.00 | $112.71 |
| Earnings power value | cross check | $0.00 | $0.00 | $0.00 |
| Dividend discount | cross check | $13.93 | $10.73 | $21.80 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 10 open-market sales ($5.7M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 17, 2026 | Fullalove Craig Jeffrey | CFO | Grant / award | 1,691 | $0 |
| Sep 17, 2026 | Fullalove Craig Jeffrey | CFO | Grant / award | 3,414 | $0 |
| Sep 17, 2026 | Billings Craig Scott | CEO | Grant / award | 4,228 | $0 |
| Sep 17, 2026 | Billings Craig Scott | CEO | Grant / award | 8,535 | $0 |
| Sep 15, 2026 | KRUM JACQUI | EVP and General Counsel | Tax withholding | 2,171 | $188,247.4 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Sep 22, 2026 | 8-K | 1.01 Entry into a Material Agreement; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1174922/000117492226000069/wynn-20260922.htm |
| Sep 11, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1174922/000117492226000066/wynn-20260910.htm |
| Sep 10, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1174922/000117492226000062/wynn-20260910.htm |
| Aug 31, 2026 | 8-K | 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1174922/000117492226000057/wynn-20260831.htm |
| Aug 6, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1174922/000117492226000055/wynn-20260630.htm |

## About

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 colle…

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Source: https://sweetvaluelab.com/stocks/wynn (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.