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 ($8.2B and $8.2B). MGM Resorts International trades at the lower P/E: 11.2× against 21.6×. MGM Resorts International grew revenue faster over the last twelve months: 2.57% against 2.22%. Wynn Resorts, Limited has the higher net margin (5.20% vs 3.87%) and the lower return on invested capital (6.62% vs 11.8%). Across the 20 metrics below, MGM Resorts International leads on 14 and Wynn Resorts, Limited on 6.

Valuation

Metric MGM WYNN Resorts & Casinos median
P/E 11.24 21.55 16.84
P/S 0.46 1.11 0.57
P/B 2.43 n/m 2.02
Price to free cash flow 4.24 15.41 10.86
EV/EBITDA 4.83 9.67 8.92
EV/Sales 0.68 2.30 1.79
Earnings yield 8.90% 4.64% 2.61%
Free cash flow yield 23.58% 6.49% 7.35%

Profitability

Metric MGM WYNN Resorts & Casinos median
Gross margin 43.62% 0.00% 47.52%
Operating margin 7.04% 14.21% 12.21%
Net margin 3.87% 5.20% 3.87%
Free cash flow margin 10.87% 7.22% 5.15%
Return on equity 20.22% (35.54%) 19.64%
Return on assets 1.70% 2.92% 1.70%
Return on invested capital 11.75% 6.62% 6.38%

Growth

Metric MGM WYNN Resorts & Casinos median
Revenue growth (TTM) 2.57% 2.22% 3.08%
EPS growth (last fiscal year) (68.33%) (27.82%) 3.45%
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 1.68 (10.90) 0.06
Current ratio 1.24 0.91 0.91
Net debt to EBITDA 1.79 4.77 4.00

Dividend

Metric MGM WYNN Resorts & Casinos median
Dividend yield — 1.26% 1.98%
Payout ratio — 0.29 0.49

Size

Metric MGM WYNN Resorts & Casinos median
Market cap 8.23b 8.17b 3.32b

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