- Wynn Macau's current stock price is approximately -40% below pre-pandemic levels, and this is justified by the uncertain outlook on the easing of border restrictions in Macau and Mainland China.
- Wynn Macau's continued pivot towards the premium mass segment is encouraging, but the company faces a higher risk of non-renewal due to its foreign ownership.
- Wynn Macau is valued by the market at consensus forward FY 2022 EV/EBITDA and Enterprise Value-to-Revenue multiples of 11.0 times and 3.0 times, respectively.
For further details see:
Wynn Macau: Market's Focus On Border Restrictions And Non-Renewal Risk