Wynn Resorts Ltd Valuation – March 2019 #WYNN

Company Profile (excerpt from Reuters): Wynn Resorts, Limited (Wynn Resorts), incorporated on June 3, 2002, is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations. The Company’s Macau Operations include Wynn Macau and Wynn Palace. It also includes Encore, an expansion at Wynn Macau. The Company’s Las Vegas Operations include Wynn Las Vegas and Encore, an expansion at Wynn Las Vegas. The Company is constructing Wynn Boston Harbor, an integrated casino resort in Everett, Massachusetts.

 

Downloadable PDF version of this valuation:

ModernGraham Valuation of WYNN – March 2019

Stage 1: Is this company suitable for the Defensive Investor or the Enterprising Investor?

What kind of Intelligent Investor are you?

Defensive Investor; must pass 6 out of the following 7 tests.
1. Adequate Size of the Enterprise Market Cap > $2Bil $12,583,608,244 Pass
2. Sufficiently Strong Financial Condition Current Ratio > 2 1.40 Fail
3. Earnings Stability Positive EPS for 10 years prior Pass
4. Dividend Record Dividend Payments for 10 years prior Fail
5. Earnings Growth Increase of 33% in EPS in past 10 years using 3 year averages at beginning and end 65.15% Pass
6. Moderate PEmg Ratio PEmg < 20 22.62 Fail
7. Moderate Price to Assets PB Ratio < 2.5 OR PB*PEmg < 50 6.96 Fail
Enterprising Investor; must pass 4 out of the following 5 tests, or be suitable for the Defensive Investor.
1. Sufficiently Strong Financial Condition Current Ratio > 1.5 1.40 Fail
2. Sufficiently Strong Financial Condition Debt to NCA < 1.1 12.39 Fail
3. Earnings Stability Positive EPS for 5 years prior Pass
4. Dividend Record Currently Pays Dividend Pass
5. Earnings Growth EPSmg greater than 5 years ago Pass

 

Stage 2: Determination of Intrinsic Value

EPSmg $5.17
MG Growth Estimate 0.64%
MG Value $50.54
Opinion Overvalued
MG Grade D
MG Value based on 3% Growth $74.94
MG Value based on 0% Growth $43.93
Market Implied Growth Rate 7.06%
Current Price $116.91
% of Intrinsic Value 231.33%

Wynn Resorts, Limited does not satisfy the requirements of either the Enterprising Investor or the more conservative Defensive Investor. The Defensive Investor is concerned with the low current ratio, poor dividend history, and the high PEmg and PB ratios. The Enterprising Investor has concerns regarding the level of debt relative to the current assets. As a result, all value investors following the ModernGraham approach should explore other opportunities at this time or proceed cautiously with a speculative attitude.

As for a valuation, the company appears to be Overvalued after growing its EPSmg (normalized earnings) from $4.96 in 2015 to an estimated $5.17 for 2019. This level of demonstrated earnings growth does not support the market’s implied estimate of 7.06% annual earnings growth over the next 7-10 years. As a result, the ModernGraham valuation model, based on the Benjamin Graham value investing formula, returns an estimate of intrinsic value below the price.

At the time of valuation, further research into Wynn Resorts, Limited revealed the company was trading above its Graham Number of $48.2. The company pays a dividend of $2.75 per share, for a yield of 2.4%, putting it among the best dividend paying stocks today. Its PEmg (price over earnings per share – ModernGraham) was 22.62, which was above the industry average of 20.7. Finally, the company was trading above its Net Current Asset Value (NCAV) of $-81.14.

Wynn Resorts, Limited scores quite poorly in the ModernGraham grading system, with an overall grade of D.

Stage 3: Information for Further Research

Net Current Asset Value (NCAV) -$81.14
Graham Number $48.20
PEmg 22.62
Current Ratio 1.40
PB Ratio 6.96
Current Dividend $2.75
Dividend Yield 2.35%
Number of Consecutive Years of Dividend Growth 1

Useful Links:

ModernGraham tagged articles Morningstar
Google Finance MSN Money
Yahoo Finance Seeking Alpha
GuruFocus SEC Filings

Most Recent Balance Sheet Figures

Balance Sheet Information 12/1/2018
Total Current Assets $2,641,376,000
Total Current Liabilities $1,882,063,000
Long-Term Debt $9,411,140,000
Total Assets $13,216,269,000
Intangible Assets $222,506,000
Total Liabilities $11,401,480,000
Shares Outstanding (Diluted Average) 107,965,000

Earnings Per Share History

EPS History
Next Fiscal Year Estimate $5.52
Dec2018 $5.35
Dec2017 $7.28
Dec2016 $2.38
Dec2015 $1.92
Dec2014 $7.18
Dec2013 $7.17
Dec2012 $4.82
Dec2011 $4.88
Dec2010 $1.29
Dec2009 $0.17
Dec2008 $1.92
Dec2007 $1.80
Dec2006 $6.24
Dec2005 -$0.92
Dec2004 -$2.35
Dec2003 -$0.50
Dec2002 -$0.68
Dec2001 -$0.45
Dec2000 -$0.28

Earnings Per Share – ModernGraham History

EPSmg History
Next Fiscal Year Estimate $5.17
Dec2018 $4.94
Dec2017 $4.88
Dec2016 $4.02
Dec2015 $4.96
Dec2014 $6.01
Dec2013 $4.83
Dec2012 $3.32
Dec2011 $2.38
Dec2010 $1.52
Dec2009 $1.70
Dec2008 $2.09
Dec2007 $1.73
Dec2006 $1.25
Dec2005 -$1.15
Dec2004 -$1.13
Dec2003 -$0.48

Recommended Reading:

Other ModernGraham posts about the company

Wynn Resorts Ltd Valuation – June 2018 $WYNN
Wynn Resorts Ltd Valuation – March 2017 $WYNN
Wynn Resorts Limited Valuation – August 2016 $WYNN
15 Best Stocks For Value Investors This Week – 2/13/16
Wynn Resorts Ltd Valuation – February 2016 $WYNN

Other ModernGraham posts about related companies

MGM Resorts International Valuation – January 2019 $MGM
Scientific Games Corp Valuation – July 2018 $SGMS
Wynn Resorts Ltd Valuation – June 2018 $WYNN
MGM Resorts International Valuation – Initial Coverage $MGM
Wynn Resorts Ltd Valuation – March 2017 $WYNN
Intertain Group Corp Valuation – Initial Coverage $TSE:IT
Scientific Games Corp Valuation – Initial Coverage $SGMS
Wynn Resorts Limited Valuation – August 2016 $WYNN
Wynn Resorts Ltd Valuation – February 2016 $WYNN
Wynn Resorts Limited Analysis – September 2015 Update $WYNN

Disclaimer:

The author did not hold a position in any company mentioned in this article at the time of publication and had no intention of changing that position within the next 72 hours.  See my current holdings here.  This article is not investment advice; any reader should speak to a registered investment adviser prior to making any investment decisions.  ModernGraham is not affiliated with the company in any manner.  Please be sure to review our detailed disclaimer.

Weyerhaeuser Co Valuation – December 2018 $WY

Company Profile (excerpt from Reuters): Weyerhaeuser Company, incorporated on January 18, 1900, is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products. The Timberlands segment’s offerings include logs, timber and recreational access through leases. The Real Estate & ENR segment includes sales of timberlands; rights to explore for and extract hard minerals, oil and gas production, and coal, and equity interests in its Real Estate Development Ventures. The Wood Products segment includes softwood lumber, engineered wood products, structural panels, medium density fiberboard and building materials distribution.

 

Downloadable PDF version of this valuation:

ModernGraham Valuation of WY – December 2018

Stage 1: Is this company suitable for the Defensive Investor or the Enterprising Investor?

What kind of Intelligent Investor are you?

Defensive Investor; must pass 6 out of the following 7 tests.
1. Adequate Size of the Enterprise Market Cap > $2Bil $17,763,531,314 Pass
2. Sufficiently Strong Financial Condition Current Ratio > 2 1.35 Fail
3. Earnings Stability Positive EPS for 10 years prior Fail
4. Dividend Record Dividend Payments for 10 years prior Pass
5. Earnings Growth Increase of 33% in EPS in past 10 years using 3 year averages at beginning and end -7.82% Fail
6. Moderate PEmg Ratio PEmg < 20 19.53 Pass
7. Moderate Price to Assets PB Ratio < 2.5 OR PB*PEmg < 50 1.98 Pass
Enterprising Investor; must pass 4 out of the following 5 tests, or be suitable for the Defensive Investor.
1. Sufficiently Strong Financial Condition Current Ratio > 1.5 1.35 Fail
2. Sufficiently Strong Financial Condition Debt to NCA < 1.1 13.43 Fail
3. Earnings Stability Positive EPS for 5 years prior Pass
4. Dividend Record Currently Pays Dividend Pass
5. Earnings Growth EPSmg greater than 5 years ago Fail

 

Stage 2: Determination of Intrinsic Value

EPSmg $1.21
MG Growth Estimate -4.25%
MG Value $0.00
Opinion Overvalued
MG Grade D+
MG Value based on 3% Growth $17.60
MG Value based on 0% Growth $10.32
Market Implied Growth Rate 5.52%
Current Price $23.71
% of Intrinsic Value N/A

Weyerhaeuser Co does not satisfy the requirements of either the Enterprising Investor or the more conservative Defensive Investor. The Defensive Investor is concerned with the low current ratio, insufficient earnings stability or growth over the last ten years. The Enterprising Investor has concerns regarding the level of debt relative to the current assets, and the lack of earnings growth over the last five years. As a result, all value investors following the ModernGraham approach should explore other opportunities at this time or proceed cautiously with a speculative attitude.

As for a valuation, the company appears to be Overvalued after seeing its EPSmg (normalized earnings) decline from $1.8 in 2014 to an estimated $1.21 for 2018. This level of demonstrated earnings growth does not support the market’s implied estimate of 5.52% annual earnings growth over the next 7-10 years. As a result, the ModernGraham valuation model, based on the Benjamin Graham value investing formula, returns an estimate of intrinsic value below the price.

At the time of valuation, further research into Weyerhaeuser Co revealed the company was trading above its Graham Number of $17.84. The company pays a dividend of $1.25 per share, for a yield of 5.3%, putting it among the best dividend paying stocks today. Its PEmg (price over earnings per share – ModernGraham) was 19.53, which was below the industry average of 80.08, which by some methods of valuation makes it one of the most undervalued stocks in its industry. Finally, the company was trading above its Net Current Asset Value (NCAV) of $-8.79.

Weyerhaeuser Co scores quite poorly in the ModernGraham grading system, with an overall grade of D+.

Stage 3: Information for Further Research

Net Current Asset Value (NCAV) -$8.79
Graham Number $17.84
PEmg 19.53
Current Ratio 1.35
PB Ratio 1.98
Current Dividend $1.25
Dividend Yield 5.27%
Number of Consecutive Years of Dividend Growth 7

Useful Links:

ModernGraham tagged articles Morningstar
Google Finance MSN Money
Yahoo Finance Seeking Alpha
GuruFocus SEC Filings

Most Recent Balance Sheet Figures

Balance Sheet Information 9/1/2018
Total Current Assets $1,714,000,000
Total Current Liabilities $1,273,000,000
Long-Term Debt $5,921,000,000
Total Assets $17,427,000,000
Intangible Assets $40,000,000
Total Liabilities $8,370,000,000
Shares Outstanding (Diluted Average) 757,389,000

Earnings Per Share History

EPS History
Next Fiscal Year Estimate $1.20
Dec2017 $0.77
Dec2016 $1.39
Dec2015 $0.89
Dec2014 $3.18
Dec2013 $0.95
Dec2012 $0.71
Dec2011 $0.61
Dec2010 $3.99
Dec2009 -$0.96
Dec2008 -$2.23
Dec2007 $1.44
Dec2006 $0.74
Dec2005 $1.19
Dec2004 $2.17
Dec2003 $0.50
Dec2002 $0.44
Dec2001 $0.64
Dec2000 $1.49
Dec1999 $1.02
Dec1998 $0.59

Earnings Per Share – ModernGraham History

EPSmg History
Next Fiscal Year Estimate $1.21
Dec2017 $1.29
Dec2016 $1.51
Dec2015 $1.47
Dec2014 $1.80
Dec2013 $1.10
Dec2012 $0.92
Dec2011 $0.88
Dec2010 $0.87
Dec2009 -$0.45
Dec2008 $0.09
Dec2007 $1.24
Dec2006 $1.09
Dec2005 $1.18
Dec2004 $1.13
Dec2003 $0.68
Dec2002 $0.79

Recommended Reading:

Other ModernGraham posts about the company

Weyerhauser Co Valuation – February 2018 $WY
Weyerhaeuser Company Valuation – May 2016 $WY
10 Companies Benjamin Graham Would Invest In Today – March 2016
10 Undervalued Companies for Enterprising Dividend Investors – November 2015
11 Best Stocks For Value Investors This Week – 11/21/15

Other ModernGraham posts about related companies

Alexandria Real Estate Equities Inc Valuation – November 2018 $ARE
LaSalle Hotel Properties Valuation – September 2018 $LHO
Cousins Properties Inc Valuation – September 2018 $CUZ
Cominar Real Estate Investment Trust Valuation – September 2018 $TSE:CUF.UN
CareTrust REIT Inc Valuation – August 2018 $CTRE
Lamar Advertising Co Valuation – August 2018 $LAMR
Uniti Group Inc Valuation – August 2018 $UNIT
Kite Realty Group Trust Valuation – August 2018 $KRG
Kilroy Realty Corp Valuation – August 2018 $KRC
Crombie Real Estate Investment Trust Valuation – August 2018 $TSE-CRR.UN

Disclaimer:

The author did not hold a position in any company mentioned in this article at the time of publication and had no intention of changing that position within the next 72 hours.  See my current holdings here.  This article is not investment advice; any reader should speak to a registered investment adviser prior to making any investment decisions.  ModernGraham is not affiliated with the company in any manner.  Please be sure to review our detailed disclaimer.

Wynn Resorts Ltd Valuation – June 2018 $WYNN

Company Profile (excerpt from Reuters): Wynn Resorts, Limited (Wynn Resorts), incorporated on June 3, 2002, is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations. The Company’s Macau Operations include Wynn Macau and Wynn Palace. It also includes Encore, an expansion at Wynn Macau. The Company’s Las Vegas Operations include Wynn Las Vegas and Encore, an expansion at Wynn Las Vegas. The Company is constructing Wynn Boston Harbor, an integrated casino resort in Everett, Massachusetts.

WYNN Chart

WYNN data by YCharts

 

Downloadable PDF version of this valuation:

ModernGraham Valuation of WYNN – June 2018

Stage 1: Is this company suitable for the Defensive Investor or the Enterprising Investor?

What kind of Intelligent Investor are you?

Defensive Investor; must pass 6 out of the following 7 tests.
1. Adequate Size of the Enterprise Market Cap > $2Bil $19,634,715,878 Pass
2. Sufficiently Strong Financial Condition Current Ratio > 2 1.17 Fail
3. Earnings Stability Positive EPS for 10 years prior Pass
4. Dividend Record Dividend Payments for 10 years prior Fail
5. Earnings Growth Increase of 33% in EPS in past 10 years using 3 year averages at beginning and end 164.67% Pass
6. Moderate PEmg Ratio PEmg < 20 32.73 Fail
7. Moderate Price to Assets PB Ratio < 2.5 OR PB*PEmg < 50 24.04 Fail
Enterprising Investor; must pass 4 out of the following 5 tests, or be suitable for the Defensive Investor.
1. Sufficiently Strong Financial Condition Current Ratio > 1.5 1.17 Fail
2. Sufficiently Strong Financial Condition Debt to NCA < 1.1 26.43 Fail
3. Earnings Stability Positive EPS for 5 years prior Pass
4. Dividend Record Currently Pays Dividend Pass
5. Earnings Growth EPSmg greater than 5 years ago Fail

 

Stage 2: Determination of Intrinsic Value

EPSmg $5.53
MG Growth Estimate -1.20%
MG Value $33.70
Opinion Overvalued
MG Grade D
MG Value based on 3% Growth $80.12
MG Value based on 0% Growth $46.97
Market Implied Growth Rate 12.11%
Current Price $180.82
% of Intrinsic Value 536.57%

Wynn Resorts, Limited does not satisfy the requirements of either the Enterprising Investor or the more conservative Defensive Investor. The Defensive Investor is concerned with the low current ratio, poor dividend history, and the high PEmg and PB ratios. The Enterprising Investor has concerns regarding the level of debt relative to the current assets, and the lack of earnings growth over the last five years. As a result, all value investors following the ModernGraham approach should explore other opportunities at this time or proceed cautiously with a speculative attitude.

As for a valuation, the company appears to be Overvalued after seeing its EPSmg (normalized earnings) decline from $6.01 in 2014 to an estimated $5.53 for 2018. This level of demonstrated earnings growth does not support the market’s implied estimate of 12.11% annual earnings growth over the next 7-10 years. As a result, the ModernGraham valuation model, based on the Benjamin Graham value investing formula, returns an estimate of intrinsic value below the price.

At the time of valuation, further research into Wynn Resorts, Limited revealed the company was trading above its Graham Number of $38.39. The company pays a dividend of $2 per share, for a yield of 1.1% Its PEmg (price over earnings per share – ModernGraham) was 32.73, which was below the industry average of 38.18, which by some methods of valuation makes it one of the most undervalued stocks in its industry. Finally, the company was trading above its Net Current Asset Value (NCAV) of $-87.7.

Wynn Resorts, Limited scores quite poorly in the ModernGraham grading system, with an overall grade of D.

Stage 3: Information for Further Research

Net Current Asset Value (NCAV) -$87.70
Graham Number $38.39
PEmg 32.73
Current Ratio 1.17
PB Ratio 24.04
Current Dividend $2.00
Dividend Yield 1.11%
Number of Consecutive Years of Dividend Growth 0

Useful Links:

ModernGraham tagged articles Morningstar
Google Finance MSN Money
Yahoo Finance Seeking Alpha
GuruFocus SEC Filings

Most Recent Balance Sheet Figures

Balance Sheet Information 3/1/2018
Total Current Assets $2,448,299,000
Total Current Liabilities $2,098,909,000
Long-Term Debt $9,234,679,000
Total Assets $12,215,174,000
Intangible Assets $212,384,000
Total Liabilities $11,443,786,000
Shares Outstanding (Diluted Average) 102,570,000

Earnings Per Share History

EPS History
Next Fiscal Year Estimate $7.12
Dec2017 $7.28
Dec2016 $2.38
Dec2015 $1.92
Dec2014 $7.18
Dec2013 $7.17
Dec2012 $4.82
Dec2011 $4.88
Dec2010 $1.29
Dec2009 $0.17
Dec2008 $1.92
Dec2007 $1.80
Dec2006 $6.24
Dec2005 -$0.92
Dec2004 -$2.35
Dec2003 -$0.50
Dec2002 -$0.68
Dec2001 -$0.45
Dec2000 -$0.28

Earnings Per Share – ModernGraham History

EPSmg History
Next Fiscal Year Estimate $5.53
Dec2017 $4.88
Dec2016 $4.02
Dec2015 $4.96
Dec2014 $6.01
Dec2013 $4.83
Dec2012 $3.32
Dec2011 $2.38
Dec2010 $1.52
Dec2009 $1.70
Dec2008 $2.09
Dec2007 $1.73
Dec2006 $1.25
Dec2005 -$1.15
Dec2004 -$1.13
Dec2003 -$0.48
Dec2002 -$0.40

Recommended Reading:

Other ModernGraham posts about the company

Wynn Resorts Ltd Valuation – March 2017 $WYNN
Wynn Resorts Limited Valuation – August 2016 $WYNN
15 Best Stocks For Value Investors This Week – 2/13/16
Wynn Resorts Ltd Valuation – February 2016 $WYNN
15 Best Stocks For Value Investors This Week – 9/12/15

Other ModernGraham posts about related companies

MGM Resorts International Valuation – Initial Coverage $MGM
Wynn Resorts Ltd Valuation – March 2017 $WYNN
Intertain Group Corp Valuation – Initial Coverage $TSE:IT
Scientific Games Corp Valuation – Initial Coverage $SGMS
Wynn Resorts Limited Valuation – August 2016 $WYNN
Wynn Resorts Ltd Valuation – February 2016 $WYNN
Wynn Resorts Limited Analysis – September 2015 Update $WYNN
Wyndham Worldwide Corporation Analysis – August 2015 Update $WYN
Wynn Resorts Analysis – June 2015 Update $WYNN
International Game Technology Quarterly Valuation – March 2015 $IGT

Disclaimer:

The author did not hold a position in any company mentioned in this article at the time of publication and had no intention of changing that position within the next 72 hours.  See my current holdings here.  This article is not investment advice; any reader should speak to a registered investment adviser prior to making any investment decisions.  ModernGraham is not affiliated with the company in any manner.  Please be sure to review our detailed disclaimer.

Wyndham Worldwide Corp Valuation – May 2018 $WYN

Company Profile (excerpt from Reuters): Wyndham Worldwide Corporation, incorporated on May 30, 2003, is a hospitality company. The Company offers a range of hospitality services and products through its global portfolio of brands. The Company operates through three segments: Wyndham Hotel Group, Wyndham Destination Network and Wyndham Vacation Ownership. The Company’s brands include Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Howard Johnson, Wingate by Wyndham, Microtel Inns & Suites by Wyndham, TRYP by Wyndham, Dolce Hotels and Resorts, RCI, Landal GreenParks, Novasol, Hoseasons, cottages.com, James Villa Holidays, Wyndham Vacation Rentals, Wyndham Vacation Resorts, Shell Vacations Club and WorldMark by Wyndham.

WYN Chart

WYN data by YCharts

 

Downloadable PDF version of this valuation:

ModernGraham Valuation of WYN – May 2018

Stage 1: Is this company suitable for the Defensive Investor or the Enterprising Investor?

What kind of Intelligent Investor are you?

Defensive Investor; must pass 6 out of the following 7 tests.
1. Adequate Size of the Enterprise Market Cap > $2Bil $10,908,073,034 Pass
2. Sufficiently Strong Financial Condition Current Ratio > 2 1.17 Fail
3. Earnings Stability Positive EPS for 10 years prior Pass
4. Dividend Record Dividend Payments for 10 years prior Pass
5. Earnings Growth Increase of 33% in EPS in past 10 years using 3 year averages at beginning and end 236.63% Pass
6. Moderate PEmg Ratio PEmg < 20 16.13 Pass
7. Moderate Price to Assets PB Ratio < 2.5 OR PB*PEmg < 50 12.37 Fail
Enterprising Investor; must pass 4 out of the following 5 tests, or be suitable for the Defensive Investor.
1. Sufficiently Strong Financial Condition Current Ratio > 1.5 1.17 Fail
2. Sufficiently Strong Financial Condition Debt to NCA < 1.1 13.38 Fail
3. Earnings Stability Positive EPS for 5 years prior Pass
4. Dividend Record Currently Pays Dividend Pass
5. Earnings Growth EPSmg greater than 5 years ago Pass

 

Stage 2: Determination of Intrinsic Value

EPSmg $6.59
MG Growth Estimate 15.00%
MG Value $253.72
Opinion Undervalued
MG Grade C
MG Value based on 3% Growth $95.56
MG Value based on 0% Growth $56.02
Market Implied Growth Rate 3.82%
Current Price $106.30
% of Intrinsic Value 41.90%

Wyndham Worldwide Corporation does not satisfy the requirements of either the Enterprising Investor or the more conservative Defensive Investor. The Defensive Investor is concerned with the low current ratio, high PB ratio. The Enterprising Investor has concerns regarding the level of debt relative to the current assets. As a result, all value investors following the ModernGraham approach should explore other opportunities at this time or proceed cautiously with a speculative attitude.

As for a valuation, the company appears to be Undervalued after growing its EPSmg (normalized earnings) from $3.27 in 2014 to an estimated $6.59 for 2018. This level of demonstrated earnings growth outpaces the market’s implied estimate of 3.82% annual earnings growth over the next 7-10 years. As a result, the ModernGraham valuation model, based on the Benjamin Graham value investing formula, returns an estimate of intrinsic value above the price.

At the time of valuation, further research into Wyndham Worldwide Corporation revealed the company was trading above its Graham Number of $36.78. The company pays a dividend of $2.32 per share, for a yield of 2.2%, putting it among the best dividend paying stocks today. Its PEmg (price over earnings per share – ModernGraham) was 16.13, which was below the industry average of 22.89, which by some methods of valuation makes it one of the most undervalued stocks in its industry. Finally, the company was trading above its Net Current Asset Value (NCAV) of $-64.2.

Wyndham Worldwide Corporation receives an average overall rating in the ModernGraham grading system, scoring a C.

Stage 3: Information for Further Research

Net Current Asset Value (NCAV) -$64.20
Graham Number $36.78
PEmg 16.13
Current Ratio 1.17
PB Ratio 12.37
Current Dividend $2.32
Dividend Yield 2.18%
Number of Consecutive Years of Dividend Growth 8

Useful Links:

ModernGraham tagged articles Morningstar
Google Finance MSN Money
Yahoo Finance Seeking Alpha
GuruFocus SEC Filings

Most Recent Balance Sheet Figures

Balance Sheet Information 12/1/2017
Total Current Assets $2,964,000,000
Total Current Liabilities $2,539,000,000
Long-Term Debt $5,686,000,000
Total Assets $10,403,000,000
Intangible Assets $2,420,000,000
Total Liabilities $9,525,000,000
Shares Outstanding (Diluted Average) 102,200,000

Earnings Per Share History

EPS History
Next Fiscal Year Estimate $6.84
Dec2017 $8.40
Dec2016 $5.53
Dec2015 $5.14
Dec2014 $4.18
Dec2013 $3.21
Dec2012 $2.75
Dec2011 $2.51
Dec2010 $2.05
Dec2009 $1.61
Dec2008 -$6.05
Dec2007 $2.20
Dec2006 $1.44
Dec2005 $2.15
Dec2004 $1.74
Dec2003 $1.49
Dec2002 $1.54

Earnings Per Share – ModernGraham History

EPSmg History
Next Fiscal Year Estimate $6.59
Dec2017 $6.07
Dec2016 $4.66
Dec2015 $4.00
Dec2014 $3.27
Dec2013 $2.69
Dec2012 $1.81
Dec2011 $1.05
Dec2010 $0.29
Dec2009 -$0.30
Dec2008 -$0.74
Dec2007 $1.88
Dec2006 $1.70
Dec2005 $1.68
Dec2004 $1.29
Dec2003 $0.91
Dec2002 $0.51

Recommended Reading:

Other ModernGraham posts about the company

Wyndham Worldwide Corp Valuation – January 2017 $WYN
Wyndham Worldwide Corporation Analysis – August 2015 Update $WYN
19 Companies to Research This Week – 8/23/14
Wyndham Worldwide Corporation Annual Valuation – 2014 $WYN

Other ModernGraham posts about related companies

Carnival Corp Valuation – April 2018 $CCL
Marriott International Inc Valuation – March 2018 $MAR
Norwegian Cruise Line Holdings Ltd Valuation – Initial Coverage $NCLH
Wyndham Worldwide Corp Valuation – January 2017 $WYN
ILG Inc Valuation – Initial Coverage $ILG
Starwood Hotels & Resorts Worldwide Inc Valuation – August 2016 $HOT
Carnival Corp Valuation – July 2016 $CCL
Marriott International Inc Valuation – July 2016 $MAR
Starwood Hotels & Resorts Worldwide Inc. Analysis – July 2015 Update $HOT
Carnival Corporation Annual Valuation – 2015 $CCL

Disclaimer:

The author did not hold a position in any company mentioned in this article at the time of publication and had no intention of changing that position within the next 72 hours.  See my current holdings here.  This article is not investment advice; any reader should speak to a registered investment adviser prior to making any investment decisions.  ModernGraham is not affiliated with the company in any manner.  Please be sure to review our detailed disclaimer.

Weyerhauser Co Valuation – February 2018 $WY

Company Profile (obtained from Marketwatch): Weyerhaeuser Co. engages in the manufacture, distribution, and sale of forest products. It operates through the following segments: Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR); and Wood Products. The Timberlands segment manages private commercial forestland worldwide, which engages in growing and harvesting trees for lumber, building, pulp, paper and other wood products. The Real Estate & ENR segment deliver premiums to timber value by identifying and monetizing higher and better use lands and capturing the full value of surface and subsurface assets. The Wood Products segment delivers lumber, structural panels, engineered wood products and complementary building products for residential, multi-family, industrial and light commercial applications. The company was founded by Frederick Weyerhaeuser in January 1900 and is headquartered in Seattle, WA.

WY Chart

WY data by YCharts

 

Downloadable PDF version of this valuation:

ModernGraham Valuation of WY – February 2018

Stage 1: Is this company suitable for the Defensive Investor or the Enterprising Investor?

What kind of Intelligent Investor are you?

Defensive Investor; must pass 6 out of the following 7 tests.
1. Adequate Size of the Enterprise Market Cap > $2Bil $26,615,286,938 Pass
2. Sufficiently Strong Financial Condition Current Ratio > 2 1.47 Fail
3. Earnings Stability Positive EPS for 10 years prior Fail
4. Dividend Record Dividend Payments for 10 years prior Pass
5. Earnings Growth Increase of 33% in EPS in past 10 years using 3 year averages at beginning and end -7.82% Fail
6. Moderate PEmg Ratio PEmg < 20 29.04 Fail
7. Moderate Price to Assets PB Ratio < 2.5 OR PB*PEmg < 50 3.01 Fail
Enterprising Investor; must pass 4 out of the following 5 tests, or be suitable for the Defensive Investor.
1. Sufficiently Strong Financial Condition Current Ratio > 1.5 1.47 Fail
2. Sufficiently Strong Financial Condition Debt to NCA < 1.1 11.33 Fail
3. Earnings Stability Positive EPS for 5 years prior Pass
4. Dividend Record Currently Pays Dividend Pass
5. Earnings Growth EPSmg greater than 5 years ago Fail

 

Stage 2: Determination of Intrinsic Value

EPSmg $1.21
MG Growth Estimate -4.25%
MG Value $0.00
Opinion Overvalued
MG Grade D+
MG Value based on 3% Growth $17.60
MG Value based on 0% Growth $10.32
Market Implied Growth Rate 10.27%
Current Price $35.26
% of Intrinsic Value N/A

Weyerhaeuser Co does not satisfy the requirements of either the Enterprising Investor or the more conservative Defensive Investor. The Defensive Investor is concerned with the low current ratio, insufficient earnings stability or growth over the last ten years, and the high PEmg and PB ratios. The Enterprising Investor has concerns regarding the level of debt relative to the current assets, and the lack of earnings growth over the last five years. As a result, all value investors following the ModernGraham approach should explore other opportunities at this time or proceed cautiously with a speculative attitude.

As for a valuation, the company appears to be Overvalued after seeing its EPSmg (normalized earnings) decline from $1.8 in 2014 to an estimated $1.21 for 2018. This level of demonstrated earnings growth does not support the market’s implied estimate of 10.27% annual earnings growth over the next 7-10 years. As a result, the ModernGraham valuation model, based on the Benjamin Graham value investing formula, returns an estimate of intrinsic value below the price.

At the time of valuation, further research into Weyerhaeuser Co revealed the company was trading above its Graham Number of $17.84. The company pays a dividend of $1.25 per share, for a yield of 3.5%, putting it among the best dividend paying stocks today. Its PEmg (price over earnings per share – ModernGraham) was 29.04, which was below the industry average of 51.63, which by some methods of valuation makes it one of the most undervalued stocks in its industry. Finally, the company was trading above its Net Current Asset Value (NCAV) of $-9.82.

Weyerhaeuser Co scores quite poorly in the ModernGraham grading system, with an overall grade of D+.

Stage 3: Information for Further Research

Net Current Asset Value (NCAV) -$9.82
Graham Number $17.84
PEmg 29.04
Current Ratio 1.47
PB Ratio 3.01
Current Dividend $1.25
Dividend Yield 3.55%
Number of Consecutive Years of Dividend Growth 7

Useful Links:

ModernGraham tagged articles Morningstar
Google Finance MSN Money
Yahoo Finance Seeking Alpha
GuruFocus SEC Filings

Most Recent Balance Sheet Figures

Balance Sheet Information 12/1/2017
Total Current Assets $1,715,000,000
Total Current Liabilities $1,165,000,000
Long-Term Debt $6,232,000,000
Total Assets $18,059,000,000
Intangible Assets $40,000,000
Total Liabilities $9,160,000,000
Shares Outstanding (Diluted Average) 758,490,000

Earnings Per Share History

EPS History
Next Fiscal Year Estimate $1.20
Dec2017 $0.77
Dec2016 $1.39
Dec2015 $0.89
Dec2014 $3.18
Dec2013 $0.95
Dec2012 $0.71
Dec2011 $0.61
Dec2010 $3.99
Dec2009 -$0.96
Dec2008 -$2.23
Dec2007 $1.44
Dec2006 $0.74
Dec2005 $1.19
Dec2004 $2.17
Dec2003 $0.50
Dec2002 $0.44
Dec2001 $0.64
Dec2000 $1.49
Dec1999 $1.02
Dec1998 $0.59

Earnings Per Share – ModernGraham History

EPSmg History
Next Fiscal Year Estimate $1.21
Dec2017 $1.29
Dec2016 $1.51
Dec2015 $1.47
Dec2014 $1.80
Dec2013 $1.10
Dec2012 $0.92
Dec2011 $0.88
Dec2010 $0.87
Dec2009 -$0.45
Dec2008 $0.09
Dec2007 $1.24
Dec2006 $1.09
Dec2005 $1.18
Dec2004 $1.13
Dec2003 $0.68
Dec2002 $0.79

Recommended Reading:

Other ModernGraham posts about the company

Weyerhaeuser Company Valuation – May 2016 $WY
10 Companies Benjamin Graham Would Invest In Today – March 2016
10 Undervalued Companies for Enterprising Dividend Investors – November 2015
11 Best Stocks For Value Investors This Week – 11/21/15
Weyerhaeuser Co Valuation – November 2015 Update $WY

Other ModernGraham posts about related companies

Education Realty Trust Inc Valuation – Initial Coverage $EDR
American Campus Communities Inc Valuation – September 2017 $ACC
First Industrial Realty Trust Inc Valuation – Initial Coverage $FR
Saul Centers Inc Valuation – Initial Coverage $BFS
Douglas Emmett Inc Valuation – Initial Coverage $DEI
Lexington Realty Trust Valuation – Initial Coverage $LXP
LTC Properties Inc Valuation – Initial Coverage $LTC
REIT Industry Review – April 2017
Starwood Property Trust Inc Valuation – April 2017 $STWD
Dream Office REIT – Initial Coverage $TSE:D.UN

Disclaimer:

The author did not hold a position in any company mentioned in this article at the time of publication and had no intention of changing that position within the next 72 hours.  See my current holdings here.  This article is not investment advice; any reader should speak to a registered investment adviser prior to making any investment decisions.  ModernGraham is not affiliated with the company in any manner.  Please be sure to review our detailed disclaimer.

Wynn Resorts Ltd Valuation – March 2017 $WYNN

Benjamin Graham taught that Intelligent Investors must do a thorough fundamental analysis of investment opportunities to determine their intrinsic value and inherent risk.  This is best done by utilizing a systematic approach to analysis that will provide investors with a sense of how a specific company compares to another company or by reviewing the 10 Stocks for Using A Benjamin Graham Value Investing Strategy – February 2017.  By using the ModernGraham method one can review a company’s historical accomplishments and determine an intrinsic value that can be compared across industries.  What follows is a stock analysis showing a specific look at how Wynn Resorts Ltd (WYNN) fares in the ModernGraham valuation model.

Company Profile (obtained from Google Finance): Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company operates through two segments: Macau Operations and Las Vegas Operations. In Macau, it owns interest in Wynn Macau, Limited and operates Wynn Macau and Encore at Wynn Macau. Its integrated Macau resort of Wynn Macau and Encore at Wynn Macau features approximately 284,000 square feet of casino space with over 460 table games and over 710 slot machines. In Las Vegas, Nevada, it owns and operates Wynn Las Vegas and Encore at Wynn Las Vegas. Its integrated Las Vegas resort of Wynn Las Vegas and Encore at Wynn Las Vegas features approximately 186,000 square feet of casino space with over 230 table games and approximately 1,870 slot machines. In addition, the Company is developing an integrated casino resort in Everett, Massachusetts.

WYNN Chart

WYNN data by YCharts

[level-free]
To read the details of this valuation, you must be logged in as a premium member. If you are not a premium member, please consider becoming one.

Premium members can view a full ModernGraham valuation of the company and have access to download a PDF version of the valuation for easy reference. Recent valuations of the components of the Dow Jones Industrial Average are available for free members, including this one of Microsoft Corporation.  In addition, here is a post detailing what can be found within each individual company’s valuation.

Learn More About Premium Membership

[/level-free]
[not-level-free]

Downloadable PDF version of this valuation:

ModernGraham Valuation of WYNN – March 2017

Stage 1: Is this company suitable for the Defensive Investor or the Enterprising Investor?

What kind of Intelligent Investor are you?

Defensive Investor; must pass 6 out of the following 7 tests.
1. Adequate Size of the Enterprise Market Cap > $2Bil $10,040,823,284 Pass
2. Sufficiently Strong Financial Condition Current Ratio > 2 2.11 Pass
3. Earnings Stability Positive EPS for 10 years prior Pass
4. Dividend Record Dividend Payments for 10 years prior Fail
5. Earnings Growth Increase of 33% in EPS in past 10 years using 3 year averages at beginning and end 118.05% Pass
6. Moderate PEmg Ratio PEmg < 20 28.40 Fail
7. Moderate Price to Assets PB Ratio < 2.5 OR PB*PEmg < 50 63.67 Fail
Enterprising Investor; must pass 4 out of the following 5 tests, or be suitable for the Defensive Investor.
1. Sufficiently Strong Financial Condition Current Ratio > 1.5 2.11 Pass
2. Sufficiently Strong Financial Condition Debt to NCA < 1.1 6.43 Fail
3. Earnings Stability Positive EPS for 5 years prior Pass
4. Dividend Record Currently Pays Dividend Pass
5. Earnings Growth EPSmg greater than 5 years ago Fail

Stage 2: Determination of Intrinsic Value

EPSmg $3.48
MG Growth Estimate -4.21%
MG Value $0.27
Opinion Overvalued
MG Grade D
MG Value based on 3% Growth $50.42
MG Value based on 0% Growth $29.56
Market Implied Growth Rate 9.95%
Current Price $98.74
% of Intrinsic Value 36641.08%

Wynn Resorts, Limited does not satisfy the requirements of either the Enterprising Investor or the more conservative Defensive Investor. The Defensive Investor is concerned with the poor dividend history, and the high PEmg and PB ratios. The Enterprising Investor has concerns regarding the level of debt relative to the net current assets, and the lack of earnings growth over the last five years. As a result, all value investors following the ModernGraham approach should explore other opportunities at this time or proceed cautiously with a speculative attitude.

As for a valuation, the company appears to be Overvalued after seeing its EPSmg (normalized earnings) decline from $4.83 in 2013 to an estimated $3.48 for 2017. This level of demonstrated earnings growth does not support the market’s implied estimate of 9.95% annual earnings growth over the next 7-10 years. As a result, the ModernGraham valuation model, based on the Benjamin Graham value investing formula, returns an estimate of intrinsic value below the price.

At the time of valuation, further research into Wynn Resorts, Limited revealed the company was trading above its Graham Number of $10.35. The company pays a dividend of $2 per share, for a yield of 2% Its PEmg (price over earnings per share – ModernGraham) was 28.4, which was above the industry average of 22.59. Finally, the company was trading above its Net Current Asset Value (NCAV) of $-86.45.

Wynn Resorts, Limited scores quite poorly in the ModernGraham grading system, with an overall grade of D.

Stage 3: Information for Further Research

Net Current Asset Value (NCAV) -$86.45
Graham Number $10.35
PEmg 28.40
Current Ratio 2.11
PB Ratio 63.67
Current Dividend $2.00
Dividend Yield 2.03%
Number of Consecutive Years of Dividend Growth 0

[/not-level-free]

Useful Links:

ModernGraham tagged articles Morningstar
Google Finance MSN Money
Yahoo Finance Seeking Alpha
GuruFocus SEC Filings

Most Recent Balance Sheet Figures

Balance Sheet Information 12/1/2016
Total Current Assets $2,990,367,000
Total Current Liabilities $1,416,301,000
Long-Term Debt $10,125,352,000
Total Assets $11,953,557,000
Intangible Assets $113,588,000
Total Liabilities $11,795,608,000
Shares Outstanding (Diluted Average) 101,855,000

Earnings Per Share History

EPS History
Next Fiscal Year Estimate $3.07
Dec2016 $2.38
Dec2015 $1.92
Dec2014 $7.18
Dec2013 $7.17
Dec2012 $4.82
Dec2011 $4.88
Dec2010 $1.29
Dec2009 $0.17
Dec2008 $1.92
Dec2007 $1.80
Dec2006 $6.24
Dec2005 -$0.92
Dec2004 -$2.35
Dec2003 -$0.50
Dec2002 -$0.68
Dec2001 -$0.45
Dec2000 -$0.28

Earnings Per Share – ModernGraham History

EPSmg History
Next Fiscal Year Estimate $3.48
Dec2016 $4.02
Dec2015 $4.96
Dec2014 $6.01
Dec2013 $4.83
Dec2012 $3.32
Dec2011 $2.38
Dec2010 $1.52
Dec2009 $1.70
Dec2008 $2.09
Dec2007 $1.73
Dec2006 $1.25
Dec2005 -$1.15
Dec2004 -$1.13
Dec2003 -$0.48
Dec2002 -$0.40
Dec2001 -$0.22

Recommended Reading:

Other ModernGraham posts about the company

Wynn Resorts Limited Valuation – August 2016 $WYNN
15 Best Stocks For Value Investors This Week – 2/13/16
Wynn Resorts Ltd Valuation – February 2016 $WYNN
15 Best Stocks For Value Investors This Week – 9/12/15
Wynn Resorts Limited Analysis – September 2015 Update $WYNN

Other ModernGraham posts about related companies

Intertain Group Corp Valuation – Initial Coverage $TSE:IT
Scientific Games Corp Valuation – Initial Coverage $SGMS
Wynn Resorts Limited Valuation – August 2016 $WYNN
Wynn Resorts Ltd Valuation – February 2016 $WYNN
Wynn Resorts Limited Analysis – September 2015 Update $WYNN
Wyndham Worldwide Corporation Analysis – August 2015 Update $WYN
Wynn Resorts Analysis – June 2015 Update $WYNN
International Game Technology Quarterly Valuation – March 2015 $IGT
Wynn Resorts Limited Quarterly Valuation – March 2015 $WYNN
Wynn Resorts Limited Quarterly Valuation – December 2014 $WYNN

Disclaimer:

The author did not hold a position in any company mentioned in this article at the time of publication and had no intention of changing that position within the next 72 hours.  See my current holdings here.  This article is not investment advice; any reader should speak to a registered investment adviser prior to making any investment decisions.  ModernGraham is not affiliated with the company in any manner.  Please be sure to review our detailed disclaimer.

Wyndham Worldwide Corp Valuation – January 2017 $WYN

Benjamin Graham taught that Intelligent Investors must do a thorough fundamental analysis of investment opportunities to determine their intrinsic value and inherent risk.  This is best done by utilizing a systematic approach to analysis that will provide investors with a sense of how a specific company compares to another company or by reviewing the 10 Stocks for Using A Benjamin Graham Value Investing Strategy – December 2016.  By using the ModernGraham method one can review a company’s historical accomplishments and determine an intrinsic value that can be compared across industries.  What follows is a stock analysis showing a specific look at how Wyndham Worldwide Corp (WYN) fares in the ModernGraham valuation model.

Company Profile (obtained from Google Finance): Wyndham Worldwide Corporation is a hospitality company. The Company offers a range of hospitality services and products through its global portfolio of brands. The Company operates through three segments: Hotel Group, Destination Network and Vacation Ownership. The Hotel Group segment has approximately 7,800 hotels and over 678,000 hotel rooms around the world. The Destination Network segment has over 112,000 vacation accommodations, located in approximately 100 countries. The Vacation Ownership segment has over 220 resorts and approximately 897,000 owners. Its brands include Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Howard Johnson, Wingate by Wyndham, Microtel Inns & Suites by Wyndham, TRYP by Wyndham, Dolce Hotels and Resorts, RCI, Landal GreenParks, Novasol, Hoseasons, cottages.com, James Villa Holidays, Wyndham Vacation Rentals, Wyndham Vacation Resorts, Shell Vacations Club and WorldMark by Wyndham.

WYN Chart

WYN data by YCharts

[level-free]
To read the details of this valuation, you must be logged in as a premium member. If you are not a premium member, please consider becoming one.

Premium members can view a full ModernGraham valuation of the company and have access to download a PDF version of the valuation for easy reference. Recent valuations of the components of the Dow Jones Industrial Average are available for free members, including this one of Microsoft Corporation.  In addition, here is a post detailing what can be found within each individual company’s valuation.

[/level-free]
[not-level-free]

Downloadable PDF version of this valuation:

ModernGraham Valuation of WYN – January 2017

Stage 1: Is this company suitable for the Defensive Investor or the Enterprising Investor?

What kind of Intelligent Investor are you?

 

Defensive Investor; must pass 6 out of the following 7 tests.
1. Adequate Size of the Enterprise Market Cap > $2Bil $8,330,284,975 Pass
2. Sufficiently Strong Financial Condition Current Ratio > 2 0.95 Fail
3. Earnings Stability Positive EPS for 10 years prior Fail
4. Dividend Record Dividend Payments for 10 years prior Pass
5. Earnings Growth Increase of 33% in EPS in past 10 years using 3 year averages at beginning and end -751.34% Fail
6. Moderate PEmg Ratio PEmg < 20 16.81 Pass
7. Moderate Price to Assets PB Ratio < 2.5 OR PB*PEmg < 50 10.66 Fail
Enterprising Investor; must pass 4 out of the following 5 tests, or be suitable for the Defensive Investor.
1. Sufficiently Strong Financial Condition Current Ratio > 1.5 0.95 Fail
2. Sufficiently Strong Financial Condition Debt to NCA < 1.1 -59.27 Fail
3. Earnings Stability Positive EPS for 5 years prior Pass
4. Dividend Record Currently Pays Dividend Pass
5. Earnings Growth EPSmg greater than 5 years ago Pass

Stage 2: Determination of Intrinsic Value

EPSmg $4.57
MG Growth Estimate 15.00%
MG Value $176.12
Opinion Undervalued
MG Grade C
MG Value based on 3% Growth $66.33
MG Value based on 0% Growth $38.88
Market Implied Growth Rate 4.15%
Current Price $76.88
% of Intrinsic Value 43.65%

Wyndham Worldwide Corporation does not satisfy the requirements of either the Enterprising Investor or the more conservative Defensive Investor. The Defensive Investor is concerned with the low current ratio, insufficient earnings stability or growth over the last ten years, and the high PB ratio. The Enterprising Investor has concerns regarding the level of debt relative to the current assets. As a result, all value investors following the ModernGraham approach should explore other opportunities at this time or proceed cautiously with a speculative attitude.

As for a valuation, the company appears to be Undervalued after growing its EPSmg (normalized earnings) from $1.81 in 2012 to an estimated $4.57 for 2016. This level of demonstrated earnings growth outpaces the market’s implied estimate of 4.15% annual earnings growth over the next 7-10 years. As a result, the ModernGraham valuation model, based on the Benjamin Graham value investing formula, returns an estimate of intrinsic value above the price.

At the time of valuation, further research into Wyndham Worldwide Corporation revealed the company was trading above its Graham Number of $29.54. The company pays a dividend of $1.92 per share, for a yield of 2.5%, putting it among the best dividend paying stocks today. Its PEmg (price over earnings per share – ModernGraham) was 16.81, which was below the industry average of 26.36, which by some methods of valuation makes it one of the most undervalued stocks in its industry. Finally, the company was trading above its Net Current Asset Value (NCAV) of $-64.61.

Wyndham Worldwide Corporation receives an average overall rating in the ModernGraham grading system, scoring a C.

Stage 3: Information for Further Research

Net Current Asset Value (NCAV) -$64.61
Graham Number $29.54
PEmg 16.81
Current Ratio 0.95
PB Ratio 10.66
Current Dividend $1.92
Dividend Yield 2.50%
Number of Consecutive Years of Dividend Growth 7

[/not-level-free]

Useful Links:

 

ModernGraham tagged articles Morningstar
Google Finance MSN Money
Yahoo Finance Seeking Alpha
GuruFocus SEC Filings

Most Recent Balance Sheet Figures

Balance Sheet Information 9/1/2016
Total Current Assets $1,843,000,000
Total Current Liabilities $1,931,000,000
Long-Term Debt $5,216,000,000
Total Assets $9,743,000,000
Intangible Assets $2,653,000,000
Total Liabilities $8,950,000,000
Shares Outstanding (Diluted Average) 110,000,000

Earnings Per Share History

EPS History
Next Fiscal Year Estimate $5.27
Dec2015 $5.14
Dec2014 $4.18
Dec2013 $3.21
Dec2012 $2.75
Dec2011 $2.51
Dec2010 $2.05
Dec2009 $1.61
Dec2008 -$6.05
Dec2007 $2.20
Dec2006 $1.44
Dec2005 $2.15
Dec2004 $1.74
Dec2003 $1.49
Dec2002 $1.54

Earnings Per Share – ModernGraham History

EPSmg History
Next Fiscal Year Estimate $4.57
Dec2015 $4.00
Dec2014 $3.27
Dec2013 $2.69
Dec2012 $1.81
Dec2011 $1.05
Dec2010 $0.29
Dec2009 -$0.30
Dec2008 -$0.74
Dec2007 $1.88
Dec2006 $1.70
Dec2005 $1.68
Dec2004 $1.29
Dec2003 $0.91
Dec2002 $0.51

Recommended Reading:

Other ModernGraham posts about the company

Wyndham Worldwide Corporation Analysis – August 2015 Update $WYN
19 Companies to Research This Week – 8/23/14
Wyndham Worldwide Corporation Annual Valuation – 2014 $WYN

Other ModernGraham posts about related companies

ILG Inc Valuation – Initial Coverage $ILG
Starwood Hotels & Resorts Worldwide Inc Valuation – August 2016 $HOT
Carnival Corp Valuation – July 2016 $CCL
Marriott International Inc Valuation – July 2016 $MAR
Starwood Hotels & Resorts Worldwide Inc. Analysis – July 2015 Update $HOT
Carnival Corporation Annual Valuation – 2015 $CCL
Marriott International Inc. Annual Valuation – 2015 $MAR
Wyndham Worldwide Corporation Annual Valuation – 2014 $WYN
Starwood Hotels & Resorts Annual Valuation – 2014 $HOT
Carnival Corporation (CCL) Annual Valuation – 2014

Disclaimer:

The author did not hold a position in any company mentioned in this article at the time of publication and had no intention of changing that position within the next 72 hours.  See my current holdings here.  This article is not investment advice; any reader should speak to a registered investment adviser prior to making any investment decisions.  ModernGraham is not affiliated with the company in any manner.  Please be sure to review our detailed disclaimer.

Wynn Resorts Limited Valuation – August 2016 $WYNN

Benjamin Graham taught that Intelligent Investors must do a thorough fundamental analysis of investment opportunities to determine their intrinsic value and inherent risk.  This is best done by utilizing a systematic approach to analysis that will provide investors with a sense of how a specific company compares to another company or by reviewing the 10 Companies Benjamin Graham Would Invest In Today – July 2016.  By using the ModernGraham method one can review a company’s historical accomplishments and determine an intrinsic value that can be compared across industries.  What follows is a stock analysis showing a specific look at how Wynn Resorts Limited (WYNN) fares in the ModernGraham valuation model.

Company Profile (obtained from Google Finance): Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company operates through two segments: Macau Operations and Las Vegas Operations. In Macau, it owns interest in Wynn Macau, Limited and operates Wynn Macau and Encore at Wynn Macau. Its integrated Macau resort of Wynn Macau and Encore at Wynn Macau features approximately 284,000 square feet of casino space with over 460 table games and over 710 slot machines. In Las Vegas, Nevada, it owns and operates Wynn Las Vegas and Encore at Wynn Las Vegas. Its integrated Las Vegas resort of Wynn Las Vegas and Encore at Wynn Las Vegas features approximately 186,000 square feet of casino space with over 230 table games and approximately 1,870 slot machines. In addition, the Company is developing an integrated casino resort in Everett, Massachusetts.

WYNN Chart

WYNN data by YCharts

[level-free]
To read the details of this valuation, you must be logged in as a premium member. If you are not a premium member, please consider becoming one.

Premium members can view a full ModernGraham valuation of the company and have access to download a PDF version of the valuation for easy reference. Here is a free sample valuation pdf, and here is a post detailing what can be found within each individual company’s valuation.

[/level-free]
[not-level-free]

Downloadable PDF version of this valuation:

ModernGraham Valuation of WYNN – August 2016

Stage 1: Is this company suitable for the Defensive Investor or the Enterprising Investor?

What kind of Intelligent Investor are you?

Defensive Investor; must pass 6 out of the following 7 tests.
1. Adequate Size of the Enterprise Market Cap > $2Bil $10,736,580,236 Pass
2. Sufficiently Strong Financial Condition Current Ratio > 2 2.43 Pass
3. Earnings Stability Positive EPS for 10 years prior Pass
4. Dividend Record Dividend Payments for 10 years prior Fail
5. Earnings Growth Increase of 33% in EPS in past 10 years using 3 year averages at beginning and end 199.49% Pass
6. Moderate PEmg Ratio PEmg < 20 24.89 Fail
7. Moderate Price to Assets PB Ratio < 2.5 OR PB*PEmg < 50 -148.49 Fail
Enterprising Investor; must pass 4 out of the following 5 tests, or be suitable for the Defensive Investor.
1. Sufficiently Strong Financial Condition Current Ratio > 1.5 2.43 Pass
2. Sufficiently Strong Financial Condition Debt to NCA < 1.1 6.65 Fail
3. Earnings Stability Positive EPS for 5 years prior Pass
4. Dividend Record Currently Pays Dividend Pass
5. Earnings Growth EPSmg greater than 5 years ago Pass

Stage 2: Determination of Intrinsic Value

WYNN value chart August 2016

EPSmg $4.08
MG Growth Estimate 3.43%
MG Value $62.61
Opinion Overvalued
MG Grade C-
MG Value based on 3% Growth $59.09
MG Value based on 0% Growth $34.64
Market Implied Growth Rate 8.19%
Current Price $101.42
% of Intrinsic Value 162.00%

Wynn Resorts, Limited is suitable for the Enterprising Investor but not the more conservative Defensive Investor. The Defensive Investor is concerned with the poor dividend history, and the high PEmg and PB ratios. The Enterprising Investor is only concerned with the level of debt relative to the net current assets. As a result, all Enterprising Investors following the ModernGraham approach should feel comfortable proceeding with the analysis.

As for a valuation, the company appears to be Overvalued after growing its EPSmg (normalized earnings) from $3.32 in 2012 to an estimated $4.08 for 2016. This level of demonstrated earnings growth does not support the market’s implied estimate of 8.19% annual earnings growth over the next 7-10 years. As a result, the ModernGraham valuation model, based on the Benjamin Graham value investing formula, returns an estimate of intrinsic value below the price.

At the time of valuation, further research into Wynn Resorts, Limited revealed the company was trading above its Graham Number of $0. The company pays a dividend of $2 per share, for a yield of 2% Its PEmg (price over earnings per share – ModernGraham) was 24.89, which was above the industry average of 20.49. Finally, the company was trading above its Net Current Asset Value (NCAV) of $-81.13.

Wynn Resorts, Limited receives an average overall rating in the ModernGraham grading system, scoring a C-.

Stage 3: Information for Further Research

WYNN charts August 2016

Net Current Asset Value (NCAV) -$81.13
Graham Number $0.00
PEmg 24.89
Current Ratio 2.43
PB Ratio -148.49
Current Dividend $2.00
Dividend Yield 1.97%
Number of Consecutive Years of Dividend Growth 0

[/not-level-free]

Useful Links:

ModernGraham tagged articles Morningstar
Google Finance MSN Money
Yahoo Finance Seeking Alpha
GuruFocus SEC Filings

Most Recent Balance Sheet Figures

Balance Sheet Information 6/1/2016
Total Current Assets $2,414,543,000
Total Current Liabilities $991,937,000
Long-Term Debt $9,457,016,000
Total Assets $10,610,351,000
Intangible Assets $114,780,000
Total Liabilities $10,679,936,000
Shares Outstanding (Diluted Average) 101,881,000

Earnings Per Share History

Next Fiscal Year Estimate $2.55
Dec2015 $1.92
Dec2014 $7.18
Dec2013 $7.17
Dec2012 $4.82
Dec2011 $4.88
Dec2010 $1.29
Dec2009 $0.17
Dec2008 $1.92
Dec2007 $1.80
Dec2006 $6.24
Dec2005 -$0.92
Dec2004 -$2.35
Dec2003 -$0.50
Dec2002 -$0.68
Dec2001 -$0.45
Dec2000 -$0.28

Earnings Per Share – ModernGraham History

Next Fiscal Year Estimate $4.08
Dec2015 $4.96
Dec2014 $6.01
Dec2013 $4.83
Dec2012 $3.32
Dec2011 $2.38
Dec2010 $1.52
Dec2009 $1.70
Dec2008 $2.09
Dec2007 $1.73
Dec2006 $1.25
Dec2005 -$1.15
Dec2004 -$1.13
Dec2003 -$0.48
Dec2002 -$0.40
Dec2001 -$0.22
Dec2000 -$0.09

Recommended Reading:

Other ModernGraham posts about the company

15 Best Stocks For Value Investors This Week – 2/13/16
Wynn Resorts Ltd Valuation – February 2016 $WYNN
15 Best Stocks For Value Investors This Week – 9/12/15
15 Best Stocks For Value Investors This Week – 9/12/15
Wynn Resorts Limited Analysis – September 2015 Update $WYNN

Other ModernGraham posts about related companies

Wynn Resorts Ltd Valuation – February 2016 $WYNN
Wynn Resorts Limited Analysis – September 2015 Update $WYNN
Wynn Resorts Limited Analysis – September 2015 Update $WYNN
Wyndham Worldwide Corporation Analysis – August 2015 Update $WYN
Wynn Resorts Analysis – June 2015 Update $WYNN
International Game Technology Quarterly Valuation – March 2015 $IGT
Wynn Resorts Limited Quarterly Valuation – March 2015 $WYNN
Wynn Resorts Limited Quarterly Valuation – December 2014 $WYNN
Wynn Resorts Limited Quarterly Stock Valuation – September 2014 $WYNN

Disclaimer:

The author did not hold a position in any company mentioned in this article at the time of publication and had no intention of changing that position within the next 72 hours.  See my current holdings here.  This article is not investment advice; any reader should speak to a registered investment adviser prior to making any investment decisions.  ModernGraham is not affiliated with the company in any manner.  Please be sure to review our detailed disclaimer.

Weyerhaeuser Company Valuation – May 2016 $WY

Benjamin Graham taught that Intelligent Investors must do a thorough fundamental analysis of investment opportunities to determine their intrinsic value and inherent risk.  This is best done by utilizing a systematic approach to analysis that will provide investors with a sense of how a specific company compares to another company or by reviewing the 10 Companies Benjamin Graham Would Invest In Today – March 2016.  By using the ModernGraham method one can review a company’s historical accomplishments and determine an intrinsic value that can be compared across industries.  What follows is a stock analysis showing a specific look at how Weyerhaeuser Company (WY) fares in the ModernGraham valuation model.

Company Profile (obtained from Google Finance): Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees. Its segments include Timberlands, Wood Products and Cellulose Fibers. It owns approximately seven million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. It is engaged in the manufacturing of wood and specialty cellulose fibers products. Its Timberlands products include logs, timberland, timber, minerals, oil and gas, and other products, which includes seed and seedlings, recreational leases, as well as plywood and hardwood lumber. Its wood products include structural lumber, engineered wood products, structural panels and complimentary building products. Its Cellulose Fibers products are pulp and liquid packaging board.

[level-free]

To read the details of this valuation, you must be logged in as a premium member. If you are not a premium member, please consider becoming one.

Premium members can view a full ModernGraham valuation of the company and have access to download a PDF version of the valuation for easy reference. Here is a free sample valuation pdf, and here is a post detailing what can be found within each individual company’s valuation.

[/level-free]
[not-level-free]

Downloadable PDF version of this valuation:

ModernGraham Valuation of WY – May 2016

Stage 1: Is this company suitable for the Defensive Investor or the Enterprising Investor?

What kind of Intelligent Investor are you?

Defensive Investor; must pass 6 out of the following 7 tests.
1. Adequate Size of the Enterprise Market Cap > $2Bil $23,001,917,644 Pass
2. Sufficiently Strong Financial Condition Current Ratio > 2 1.86 Fail
3. Earnings Stability Positive EPS for 10 years prior Fail
4. Dividend Record Dividend Payments for 10 years prior Pass
5. Earnings Growth Increase of 33% in EPS in past 10 years using 3 year averages at beginning and end -377.84% Fail
6. Moderate PEmg Ratio PEmg < 20 24.47 Fail
7. Moderate Price to Assets PB Ratio < 2.5 OR PB*PEmg < 50 1.89 Pass
Score
Enterprising Investor; must pass 4 out of the following 5 tests, or be suitable for the Defensive Investor.
1. Sufficiently Strong Financial Condition Current Ratio > 1.5 1.86 Pass
2. Sufficiently Strong Financial Condition Debt to NCA < 1.1 9.83 Fail
3. Earnings Stability Positive EPS for 5 years prior Pass
4. Dividend Record Currently Pays Dividend Pass
5. Earnings Growth EPSmg greater than 5 years ago Pass

Stage 2: Determination of Intrinsic Value

WY value chart May 2016

EPSmg $1.25
MG Growth Estimate 5.17%
MG Value $23.62
Opinion Overvalued
MG Grade C+
MG Value based on 3% Growth $18.18
MG Value based on 0% Growth $10.66
Market Implied Growth Rate 7.98%
Current Price $30.68
% of Intrinsic Value 129.87%

Weyerhaeuser Co is suitable for the Enterprising Investor but not the more conservative Defensive Investor. The Defensive Investor is concerned with the low current ratio, insufficient earnings stability or growth over the last ten years, and the high PEmg ratio. The Enterprising Investor is only concerned with the level of debt relative to the net current assets. As a result, all Enterprising Investors following the ModernGraham approach should feel comfortable proceeding with the analysis.

As for a valuation, the company appears to be Overvalued after growing its EPSmg (normalized earnings) from $0.93 in 2012 to an estimated $1.25 for 2016. This level of demonstrated earnings growth does not support the market’s implied estimate of 7.98% annual earnings growth over the next 7-10 years. As a result, the ModernGraham valuation model, based on Benjamin Graham’s formula, returns an estimate of intrinsic value below the price.

Weyerhaeuser Co receives an average overall rating in the ModernGraham grading system, scoring a C+.

Stage 3: Information for Further Research

WY charts May 2016

Net Current Asset Value (NCAV) -$15.23
Graham Number $13.74
PEmg 24.47
Current Ratio 1.86
PB Ratio 1.89
Current Dividend $1.22
Dividend Yield 3.98%
Number of Consecutive Years of Dividend Growth 6

[/not-level-free]

Useful Links:

ModernGraham tagged articles Morningstar
Google Finance MSN Money
Yahoo Finance Seeking Alpha
GuruFocus SEC Filings

Most Recent Balance Sheet Figures

Balance Sheet Information 3/1/2016
Total Current Assets $1,830,000,000
Total Current Liabilities $984,000,000
Long-term Debt $8,314,000,000
Total Assets $21,779,000,000
Intangible Assets $40,000,000
Total Liabilities $11,498,000,000
Shares Outstanding (Diluted Average) 634,872,000

Earnings Per Share History

Next Fiscal Year Estimate $0.62
12/1/2015 $0.89
12/1/2014 $3.18
12/1/2013 $0.95
12/1/2012 $0.71
12/1/2011 $0.61
12/1/2010 $3.99
12/1/2009 -$0.96
12/1/2008 -$2.06
12/1/2007 $1.33
12/1/2006 $0.68
12/1/2005 $1.10
12/1/2004 $2.01
12/1/2003 $0.46
12/1/2002 $0.40
12/1/2001 $0.60
12/1/2000 $1.38
12/1/1999 $0.94
12/1/1998 $0.54
12/1/1997 $0.63
12/1/1996 $0.87

Earnings Per Share – ModernGraham History

Next Fiscal Year Estimate $1.25
12/1/2015 $1.47
12/1/2014 $1.80
12/1/2013 $1.10
12/1/2012 $0.93
12/1/2011 $0.89
12/1/2010 $0.89
12/1/2009 -$0.44
12/1/2008 $0.08
12/1/2007 $1.14
12/1/2006 $1.01
12/1/2005 $1.09
12/1/2004 $1.04
12/1/2003 $0.63
12/1/2002 $0.73
12/1/2001 $0.87
12/1/2000 $0.96

Recommended Reading:

Other ModernGraham posts about the company

10 Companies Benjamin Graham Would Invest In Today – March 2016
10 Undervalued Companies for Enterprising Dividend Investors – November 2015
11 Best Stocks For Value Investors This Week – 11/21/15
Weyerhaeuser Co Valuation – November 2015 Update $WY
10 Companies Benjamin Graham Would Invest In Today – November 2015

Other ModernGraham posts about related companies

Realty Income Corporation Valuation – May 2016 $O
Welltower Inc. Valuation – May 2016 $HCN
Starwood Property Trust Inc Stock Valuation – February 2016 $STWD
Kimco Realty Corp Stock Valuation – February 2016 $KIM
HCP Inc Valuation – January 2016 Update $HCP
Macerich Co Valuation – January 2016 Update $MAC
Kimco Realty Corp Stock Valuation – February 2016 $KIM
HCP Inc Valuation – January 2016 Update $HCP
Macerich Co Valuation – January 2016 Update $MAC
American Tower Corp Valuation – November 2015 Update $AMT

Disclaimer:

The author did not hold a position in any company mentioned in this article at the time of publication and had no intention of changing that position within the next 72 hours.  See my current holdings here.  This article is not investment advice; any reader should speak to a registered investment adviser prior to making any investment decisions.  ModernGraham is not affiliated with the company in any manner.  Please be sure to review our detailed disclaimer.

Wynn Resorts Ltd Valuation – February 2016 $WYNN

Benjamin Graham taught that Intelligent Investors must do a thorough fundamental analysis of investment opportunities to determine their intrinsic value and inherent risk.  This is best done by utilizing a systematic approach to analysis that will provide investors with a sense of how a specific company compares to another company or by reviewing the 10 Companies Benjamin Graham Would Invest In Today – February 2016.  By using the ModernGraham method one can review a company’s historical accomplishments and determine an intrinsic value that can be compared across industries.  What follows is a stock analysis showing a specific look at how Wynn Resorts Ltd (WYNN) fares in the ModernGraham valuation model.

Company Profile (obtained from Google Finance): Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts which integrate accommodations and amenities, including fine dining, premium retail offerings, distinctive entertainment and convention facilities. The Company owns 72% of Wynn Macau, Limited, which operates an integrated resort in the Macau Special Administrative Region of the People’s Republic of China (Macau). Wynn Resorts also owns 100% of and operates an integrated resort in Las Vegas, Nevada. The company operates through two segments: Macau Operations, which includes Wynn Macau and Encore at Wynn Maca, and Las Vegas Operations, which includes Wynn Las Vegas and Encore at Wynn Las Vegas. Its Macau Operations features approximately 284,000 square feet of casino space with 498 table games and 625 slot machines, two hotel towers and others. Its Las Vegas Operations features approximately 186,000 square feet of casino space with 232 table games, 1,849 slot machines, two hotel towers and others.

[level-free]

To read the details of this valuation, you must be logged in as a premium member. If you are not a premium member, please consider becoming one.

Premium members can view a full ModernGraham valuation of the company and have access to download a PDF version of the valuation for easy reference. Here is a free sample valuation pdf, and here is a post detailing what can be found within each individual company’s valuation.

[/level-free]
[not-level-free]

Downloadable PDF version of this valuation:

ModernGraham Valuation of WYNN

Stage 1: Is this company suitable for the Defensive Investor or the Enterprising Investor?

What kind of Intelligent Investor are you?

Defensive Investor; must pass 6 out of the following 7 tests.
1. Adequate Size of the Enterprise Market Cap > $2Bil $5,797,124,912 Pass
2. Sufficiently Strong Financial Condition Current Ratio > 2 2.11 Pass
3. Earnings Stability Positive EPS for 10 years prior Pass
4. Dividend Record Dividend Payments for 10 years prior Fail
5. Earnings Growth Increase of 33% in EPS in past 10 years using 3 year averages at beginning and end 48.29% Pass
6. Moderate PEmg Ratio PEmg < 20 12.45 Pass
7. Moderate Price to Assets PB Ratio < 2.5 OR PB*PEmg < 50 -33.78 Fail
Score
Enterprising Investor; must pass 4 out of the following 5 tests, or be suitable for the Defensive Investor.
1. Sufficiently Strong Financial Condition Current Ratio > 1.5 2.11 Pass
2. Sufficiently Strong Financial Condition Debt to NCA < 1.1 7.09 Fail
3. Earnings Stability Positive EPS for 5 years prior Pass
4. Dividend Record Currently Pays Dividend Pass
5. Earnings Growth EPSmg greater than 5 years ago Pass

Stage 2: Determination of Intrinsic Value

WYNN value chart February 2016

EPSmg $4.72
MG Growth Estimate 14.32%
MG Value $175.40
Opinion Undervalued
MG Value based on 3% Growth $68.49
MG Value based on 0% Growth $40.15
Market Implied Growth Rate 1.97%
Current Price $58.80
% of Intrinsic Value 33.52%

Wynn Resorts Ltd qualifies for the Enterprising Investor but not the more conservative Defensive Investor.  The Defensive Investor is concerned with the short dividend history and the high PB ratio.  The Enterprising Investor is only initially concerned by the level of debt relative to the net current assets.  As a result, all Enterprising Investors following the ModernGraham approach based on Benjamin Graham’s methods should feel comfortable proceeding with further research into the company.

As for a valuation, the company appears to be undervalued after growing its EPSmg (normalized earnings) from $2.42 in 2011 to an estimated $4.72 for 2015.  This level of demonstrated earnings growth outpaces the market’s implied estimate of 1.97% annual earnings growth over the next 7-10 years.  As a result, the ModernGraham valuation model, based on Benjamin Graham’s formula, returns an estimate of intrinsic value above the price.

Stage 3: Information for Further Research

WYNN charts February 2016

Net Current Asset Value (NCAV) -$76.88
Graham Number #NUM!
PEmg 12.45
Current Ratio 2.11
PB Ratio -33.78
Dividend Yield 6.80%
Number of Consecutive Years of Dividend Growth 0

 

[/not-level-free]

Useful Links:

ModernGraham tagged articles Morningstar
Google Finance MSN Money
Yahoo Finance Seeking Alpha
GuruFocus SEC Filings

Most Recent Balance Sheet Figures

Balance Sheet Information Sep2015
Total Current Assets $2,348,198,000
Total Current Liabilities $1,113,453,000
Long-Term Debt $8,748,449,000
Total Assets $9,981,185,000
Intangible Assets $111,580,000
Total Liabilities $10,158,019,000
Shares Outstanding (Diluted Average) 101,581,000

Earnings Per Share History

Next Fiscal Year Estimate $1.22
Dec2014 $7.18
Dec2013 $7.17
Dec2012 $4.82
Dec2011 $4.88
Dec2010 $1.29
Dec2009 $0.17
Dec2008 $1.92
Dec2007 $2.34
Dec2006 $6.24
Dec2005 -$0.92
Dec2004 -$2.35
Dec2003 -$0.50
Dec2002 -$0.68
Dec2001 -$0.45
Dec2000 -$0.28

Earnings Per Share – ModernGraham History

Next Fiscal Year Estimate $4.72
Dec2014 $6.01
Dec2013 $4.83
Dec2012 $3.32
Dec2011 $2.42
Dec2010 $1.59
Dec2009 $1.81
Dec2008 $2.23
Dec2007 $1.91
Dec2006 $1.25
Dec2005 -$1.15
Dec2004 -$1.13
Dec2003 -$0.48
Dec2002 -$0.40
Dec2001 -$0.22
Dec2000 -$0.09

Recommended Reading:

Other ModernGraham posts about the company

15 Best Stocks For Value Investors This Week – 9/12/15
Wynn Resorts Limited Analysis – September 2015 Update $WYNN
The 6 Best Stocks For Value Investors This Week – 6/13/15
Wynn Resorts Analysis – June 2015 Update $WYNN
5 Undervalued Companies for Enterprising Investors Near 52 Week Lows – June 2015

Other ModernGraham posts about related companies

Wynn Resorts Limited Analysis – September 2015 Update $WYNN
Wyndham Worldwide Corporation Analysis – August 2015 Update $WYN
Wynn Resorts Analysis – June 2015 Update $WYNN
International Game Technology Quarterly Valuation – March 2015 $IGT
Wynn Resorts Limited Quarterly Valuation – March 2015 $WYNN
Wynn Resorts Limited Quarterly Valuation – December 2014 $WYNN
Wynn Resorts Limited Quarterly Stock Valuation – September 2014 $WYNN

Disclaimer:

The author did not hold a position in any company mentioned in this article at the time of publication and had no intention of changing that position within the next 72 hours.  See my current holdings here.  This article is not investment advice; any reader should speak to a registered investment adviser prior to making any investment decisions.  ModernGraham is not affiliated with the company in any manner.  Please be sure to review our detailed disclaimer.

Back To Top