What is Wynn Resorts Ltd worth?
With the base-case assumptions below, a discounted cash flow model on Wynn Resorts Ltd's reported free cash flow gives $131.61 per share. The share price was $81.12 on September 25, 2026, 38% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $45.52 | -44% |
| Base | 15.0% | 9.0% | $131.61 | +62% |
| Bull | 20.0% | 8.0% | $291.91 | +260% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $196.79 | $217.11 | $241.95 | $273.00 | $312.92 |
| 8.0% | $147.82 | $161.00 | $176.58 | $195.27 | $218.12 |
| 9.0% | $112.20 | $121.21 | $131.61 | $143.74 | $158.07 |
| 10.0% | $85.18 | $91.59 | $98.86 | $107.16 | $116.73 |
| 11.0% | $64.05 | $68.75 | $74.00 | $79.90 | $86.60 |
Where the presets come from
Base: years 1 to 5 grow at Wynn Resorts Ltd's revenue growth rate over the last 5 fiscal years (27.8% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions