2 models fit Wynn Resorts Limited Common stock and they disagree: 0 of 2 land within 15% of the average.
Two or more of our models back this value.
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Valued as a cyclical company: P/E comparison, EV/EBITDA comparison, and Discounted cash flow.
ACCE opinionWynn Resorts Limited Common stock (WYNN)
Fair value (2 models)
$62.22
ACCE price target
$76.00
Rating
Overvalued
Horizon
12 months
Fair value published on 14 Oct 2026, 00:00 CEST; previously $54.85 since 9 Oct 2026, 00:00 CEST.
ACCE price target published on 10 Oct 2026, 00:00 CEST.
Rating published on 18 Oct 2026, 16:04 CEST.
Price used: $72.73 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, EV/EBITDA comparison, and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
16.9% above
-14.5% to fair value
ACCE score
53
out of 100
Analysts
100% buy
21 covering
P/E
18.1x
forward 13.9x
1-year return
-42.0%
Dividend yield
1.32%
Wynn Resorts Limited Common stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Wynn Resorts runs integrated casino resorts in Las Vegas and Macau, pairing gaming floors with hotel rooms, convention space and high-end retail, and it is also building a resort in the UAE. The competitive case rests on the Macau and Las Vegas licences and the premium-mass customer base they serve, which is hard to replicate with new gaming supply limited by regulators. The near-term lever is operating leverage: revenue is growing 6.9% while the operating margin sits at 16.5% on a 68.3% gross margin, so incremental visitation should flow through to earnings. At a trailing P/E of 19.0 against a forward P/E of 13.9, the market is pricing in a meaningful earnings recovery. The negative -560.6% ROE reflects a thin, leveraged equity base rather than a broken business, so the balance sheet and debt service deserve a close look before anything else.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Balance sheet leverage
Debt/Equity is -11.92, a negative equity base that signals accumulated losses and a fragile capital structure. Return on equity of -560.6% reflects the same problem.
moderate
Earnings growth flattered by base
Earnings are up 106.1% year over year, but net margin is only 6.0% and revenue grew 6.9%. The earnings jump likely reflects a weak prior-year base, so it should not be extrapolated.
moderate
Quality and momentum scores weak
ACCE Score sits at 51/100 with the Momentum sub-score at 17 and Quality at 50. The overall score slipped 2 points over 90 days, and the price sits 16.9% above the model fair value of $62.22.
AI research notes
AI-assisted·How I use AIWritten Oct 20, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Free cash flow over the last twelve months reached $692M, a yield of 8.9% at the current price.
The latest quarterly earnings per share beat expectations by 22.8%, coming in at 1.24 against 1.01 expected.
Why it could disappoint
The stock trades 16.9% above the model fair value of $62.22, and the consensus of valuation models sits below the share price.
Revenue grew only 6.9% year over year, far below the 27.8% five-year average annual pace.
Return on equity is -560.6% and debt to equity is -11.92, reflecting negative equity that leaves little cushion for shareholders.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 5, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where WYNN's valuation models land
Price
$72.73
Model fair value
$62.22
Model range
$43.02 to $81.41
Fair value $62.22
Price $72.73
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
P/E comparison
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
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+Conviction breakdown and growth / value / quality / momentum scores