MGM Resorts International (MGM) vs Wynn Resorts, Limited (WYNN)

MGM Resorts International and Wynn Resorts, Limited are both Resorts & Casinos companies. MGM Resorts International and Wynn Resorts, Limited are of similar size ($7.9B and $7.4B). MGM Resorts International trades at the lower P/E: 17.0× against 17.3×. Wynn Resorts, Limited grew revenue faster over the last twelve months: 6.36% against 3.19%. Wynn Resorts, Limited has the higher net margin (6.06% vs 2.36%) and the higher return on invested capital (9.44% vs 9.23%). Across the 20 metrics below, MGM Resorts International leads on 12 and Wynn Resorts, Limited on 8.

Valuation

Metric MGM WYNN Resorts & Casinos median
P/E 16.95 17.30 17.15
P/S 0.41 1.05 0.53
P/B 2.15 n/m 2.09
Price to free cash flow 3.59 9.68 9.94
EV/EBITDA 4.54 8.87 8.87
EV/Sales 0.64 2.21 1.78
Earnings yield 5.90% 5.78% 1.35%
Free cash flow yield 27.84% 10.33% 7.20%

Profitability

Metric MGM WYNN Resorts & Casinos median
Gross margin 44.16% 40.70% 50.85%
Operating margin 5.73% 15.72% 10.41%
Net margin 2.36% 6.06% 1.28%
Free cash flow margin 11.34% 10.81% 4.23%
Return on equity 11.82% (42.45%) 5.28%
Return on assets 1.03% 3.47% 0.57%
Return on invested capital 9.23% 9.44% 5.61%

Growth

Metric MGM WYNN Resorts & Casinos median
Revenue growth (TTM) 3.19% 6.36% 2.76%
EPS growth (last fiscal year) (68.33%) (27.82%) 8.54%
Revenue growth, 5-year CAGR 27.71% 27.77% 24.21%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MGM WYNN Resorts & Casinos median
Debt to equity 1.80 (11.83) 1.94
Current ratio 1.34 0.91 0.91
Net debt to EBITDA 1.79 4.77 3.48

Dividend

Metric MGM WYNN Resorts & Casinos median
Dividend yield — 1.32% 1.94%
Payout ratio — 0.25 0.37

Size

Metric MGM WYNN Resorts & Casinos median
Market cap 7.42b 7.93b 2.44b

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