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Wynn Macau (1128) AI Stock Analysis
Wynn Macau
(HKEX:1128)
The score is held back primarily by balance-sheet risk (negative equity and very high debt) and the steep 2025 revenue decline, despite strong recent profitability and positive free cash flow. Technicals are modestly supportive with positive momentum, and valuation is helped by the high dividend yield and a moderate P/E.
Wynn Macau (1128) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 3.01B
- Dividend Yield
- 9.92%
- Average Volume (3M)
- 4.61M
- Price to Earnings (P/E)
- 7.9
- Beta (1Y)
- 0.60
- Revenue Growth
- 9.38%
- EPS Growth
- 60.07%
- Country
- Hong Kong
- Employees
- 11,600
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Gambling, Resorts & Casinos
Wynn Macau Business Overview & Revenue Model
Company Description
Wynn Macau, Limited, a company incorporated in 2009 and based in Macau, operates as a division of WM Cayman Holdings Limited I. This entity, along with its subsidiaries, is responsible for the development, ownership, and management of two major integ...
How the Company Makes Money
Wynn Macau makes money primarily by operating casino gaming and related resort services at its Macau integrated resorts. The largest revenue contributor is casino gaming, which typically includes (i) table games in the mass-market segment where the c...
Wynn Macau Financial Statement Overview
Summary
Operating performance and cash generation are solid in 2023–2025 (2025 EBIT margin ~28%, EBITDA margin ~44%, and free cash flow ~HK$5.4B). However, financial risk is elevated due to persistently negative equity (about -HK$13.5B in 2025) alongside very high total debt (~HK$45–53B). The sharp 2025 revenue decline (~41% YoY) adds volatility to an already leveraged capital structure.
Income Statement
62PositiveBalance Sheet
24NegativeCash Flow
66Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.96B | 28.99B | 28.74B | 24.27B | 5.64B | 11.73B |
| Gross Profit | 12.04B | 11.34B | 11.87B | 9.67B | -676.72M | 2.37B |
| EBITDA | 7.60B | 7.08B | 7.86B | 6.26B | -2.31B | 77.93M |
| Net Income | 2.95B | 1.63B | 3.20B | 1.17B | -7.34B | -5.18B |
Balance Sheet | ||||||
| Total Assets | 39.49B | 40.56B | 39.23B | 44.83B | 36.08B | 41.90B |
| Cash, Cash Equivalents and Short-Term Investments | 11.55B | 11.82B | 11.33B | 15.75B | 7.42B | 11.66B |
| Total Debt | 45.31B | 45.18B | 44.98B | 52.83B | 48.40B | 46.75B |
| Total Liabilities | 52.55B | 54.06B | 52.52B | 60.64B | 53.23B | 51.92B |
| Stockholders Equity | -13.06B | -13.50B | -13.29B | -15.81B | -17.15B | -10.02B |
Cash Flow | ||||||
| Free Cash Flow | 3.06B | 5.43B | 6.38B | 6.10B | -2.47B | -1.69B |
| Operating Cash Flow | 5.08B | 7.37B | 7.69B | 6.81B | -2.12B | -1.21B |
| Investing Cash Flow | -6.59B | -6.84B | 4.83B | -5.41B | -1.29B | -453.91M |
| Financing Cash Flow | -2.57B | -4.72B | -11.42B | 1.49B | -860.42M | -5.57B |
Wynn Macau Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1128, the sentiment is Negative. The current price of 4.49 is below the 20-day moving average (MA) of 4.88, below the 50-day MA of 5.19, and below the 200-day MA of 5.26, indicating a bearish trend. The MACD of -0.19 indicates Positive momentum. The RSI at 25.82 is Positive, neither overbought nor oversold. The STOCH value of 5.22 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1128.
Wynn Macau Peers Comparison
Overall Rating
HK:002780Outperform
HK:192869.3Neutral- HK:112860Neutral
HK:228259Neutral
HK:020052Neutral
HK:088044Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:0027 | 80Outperform | HKD 140.33B | 13.09 | 12.77% | 5.30% | 8.39% | 11.34% |
| HK:1928 | 69Neutral | HKD 86.44B | 12.58 | 65.49% | 9.36% | 8.73% | -3.66% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| HK:1128 | 60Neutral | HKD 23.80B | 7.88 | -22.18% | 9.92% | 9.38% | 60.07% |
| HK:2282 | 59Neutral | HKD 34.66B | 7.60 | 129.87% | 6.61% | 11.01% | 6.83% |
| HK:0200 | 52Neutral | HKD 5.09B | 4.87 | 52.47% | ― | 6.61% | ― |
| HK:0880 | 44Neutral | HKD 8.06B | -14.88 | -4.07% | ― | -16.41% | -3217.39% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:1128 | Wynn Macau | 4.49 | -1.65 | -26.87% | |
| HK:0880 | SJM Holdings | 1.14 | -1.74 | -60.45% | |
| HK:0200 | Melco International Development Limited | 2.24 | -2.54 | -53.13% | |
| HK:2282 | Mgm China Holdings(OTC) | 9.12 | -5.27 | -36.62% | |
| HK:0027 | Galaxy Entertainment Group | 32.06 | -4.44 | -12.15% | |
| HK:1928 | Sands China | 10.68 | -7.88 | -42.46% |
Wynn Macau Corporate Events
Wynn Macau Commits MOP1.37 Billion to Macau Diversification Fund
Wynn Macau has committed up to MOP1.37 billion to a new fund established in Macau, in a transaction classified as discloseable under Hong Kong listing rules. The investment will count toward the company’s obligations under its gaming concession...
Wynn Macau Grants New Employee Share Awards to Strengthen Long-Term Incentives
Wynn Macau has granted share awards to 315 employees under its Employee Ownership Scheme, covering a total of 317,938 ordinary shares, or about 0.01% of its issued share capital, at no purchase price. The awards, largely vesting between 2029 and 2030...
Wynn Macau Cuts Convertible Bond Conversion Price After Interim Dividend
Wynn Macau has adjusted the conversion price of its US$600 million 4.50% convertible bonds due 2029 following the declaration of an interim cash dividend of HK$0.223 per share. Under the bond terms, capital distributions trigger a formula‑based...
Wynn Macau Grants 36 Million Share Awards Under Employee Ownership Scheme
Wynn Macau has granted share awards under its Employee Ownership Scheme, issuing rights over 35,975,508 ordinary shares, or about 0.68% of its existing share capital, to more than 11,000 employees, 16 related-entity participants and one service provi...
Wynn Macau Profit Surges as Casino Revenues Jump, Interim Dividend Declared
Wynn Macau reported strong interim results for the six months to 30 June 2026, with casino revenues rising to HK$13.35 billion from HK$11.39 billion and total operating revenues reaching HK$15.59 billion. Adjusted EBITDA increased to HK$3.98 billion,...
Wynn Macau Declares Interim Dividend for First Half of 2026
Wynn Macau, Limited has declared an interim ordinary dividend of HKD 0.223 per share for the six months ended 30 June 2026, payable on 24 September 2026 to shareholders on record as of 15 September 2026. The ex-dividend date is set for 9 September 20...
Wynn Macau Sets August Board Meeting to Approve Interim Results
Wynn Macau has scheduled a board meeting for 27 August 2026 to review and approve the group’s interim results for the six months ended 30 June 2026. The board will also consider whether to declare, recommend or pay an interim dividend and addre...
Wynn Macau Flags Accounting Differences in Parent Wynn Resorts’ Q2 Filing
Wynn Macau has disclosed that its controlling shareholder, Wynn Resorts, has filed an unaudited Form 10-Q quarterly report for the second quarter and first half of fiscal 2026, which includes segmented financial information on the group’s Macau...
Wynn Macau flags unaudited Wynn Resorts results and GAAP–IFRS gap
Wynn Macau has alerted investors that its controlling shareholder, Wynn Resorts, has released unaudited second-quarter and first-half fiscal 2026 results, including segmented data on the Macau operations owned by Wynn Macau. The announcement ensures...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 04, 2026