Discounted Cash Flow

Wynn Resorts Ltd.

WYNN · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $4.5b $242.0m $-255.4m 5.4% $2.39
2017 $6.3b (41.2%) $747.2m (208.8%) $941.1m (468.5%) 11.8% (118.7%) $7.32 (206.3%)
2018 $6.7b (6.5%) $572.4m (-23.4%) $-514.5m (-154.7%) 8.5% (-28.1%) $5.37 (-26.6%)
2019 $6.6b (-1.6%) $123.0m (-78.5%) $-162.2m (68.5%) 1.9% (-78.2%) $1.15 (-78.6%)
2020 $2.1b (-68.3%) $-2.1b (-1780.9%) $-1.4b (-739.9%) -98.6% (-5402.1%) $-19.37 (-1784.3%)
2021 $3.8b (79.6%) $-755.8m (63.4%) $-513.2m (62.3%) -20.1% (79.6%) $-6.64 (65.7%)
2022 $3.8b (-0.2%) $-423.9m (43.9%) $-371.4m (27.6%) -11.3% (43.8%) $-3.73 (43.8%)
2023 $6.5b (73.9%) $730.0m (272.2%) $805.1m (316.8%) 11.2% (199.1%) $6.49 (274.0%)
2024 $7.1b (9.1%) $501.1m (-31.4%) $1.0b (25.0%) 7.0% (-37.1%) $4.56 (-29.7%)
2025 $7.1b (0.1%) $327.3m (-34.7%) $692.2m (-31.2%) 4.6% (-34.8%) $3.16 (-30.7%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model