Vail Resorts, Inc. (MTN) vs Wynn Resorts, Limited (WYNN)

Vail Resorts, Inc. and Wynn Resorts, Limited are both Resorts & Casinos companies. Wynn Resorts, Limited is the larger, with a market value of $8.4B against $4.9B — 1.7× the size. Wynn Resorts, Limited trades at the lower P/E: 18.6× against 30.9×. Wynn Resorts, Limited grew revenue faster over the last twelve months: 6.36% against −4.29%. Wynn Resorts, Limited has the higher net margin (6.06% vs 5.54%) and the higher return on invested capital (9.44% vs 7.57%). Both pay a dividend; Vail Resorts, Inc. yields more (3.81% vs 0.91%). Across the 22 metrics below, Wynn Resorts, Limited leads on 16 and Vail Resorts, Inc. on 6.

Valuation

Metric MTN WYNN Resorts & Casinos median
P/E 30.86 18.56 18.52
P/S 1.71 1.12 0.54
P/B 5.29 n/m 2.13
Price to free cash flow 25.84 10.38 13.62
EV/EBITDA 10.26 9.18 9.18
EV/Sales 2.64 2.29 1.80
Earnings yield 3.24% 5.39% 1.69%
Free cash flow yield 3.87% 9.63% 6.51%

Profitability

Metric MTN WYNN Resorts & Casinos median
Gross margin 41.63% 40.70% 50.85%
Operating margin 15.20% 15.72% 10.41%
Net margin 5.54% 6.06% 1.28%
Free cash flow margin 6.63% 10.81% 4.23%
Return on equity 14.70% (42.45%) 5.28%
Return on assets 2.74% 3.47% 0.57%
Return on invested capital 7.57% 9.44% 5.61%

Growth

Metric MTN WYNN Resorts & Casinos median
Revenue growth (TTM) (4.29%) 6.36% 2.76%
EPS growth (last fiscal year) 24.05% (27.82%) —
Revenue growth, 5-year CAGR 8.59% 27.77% 24.21%
Net income growth, 5-year CAGR 23.16% 0.00% 0.00%

Health

Metric MTN WYNN Resorts & Casinos median
Debt to equity 3.30 (11.83) 1.94
Current ratio 0.91 0.91 0.91
Net debt to EBITDA 3.20 4.77 3.08

Dividend

Metric MTN WYNN Resorts & Casinos median
Dividend yield 3.81% 0.91% 1.27%
Payout ratio 1.18 0.00 0.00

Size

Metric MTN WYNN Resorts & Casinos median
Market cap 4.91b 8.35b 2.43b

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