Marriott Vacations Worldwide Corporation (VAC) vs Wynn Resorts, Limited (WYNN)

Marriott Vacations Worldwide Corporation and Wynn Resorts, Limited are both Resorts & Casinos companies. Wynn Resorts, Limited is the larger, with a market value of $8.4B against $3.5B — 2.4× the size. Marriott Vacations Worldwide Corporation has negative trailing earnings, so its P/E is not meaningful; Wynn Resorts, Limited trades at 18.6×. Wynn Resorts, Limited grew revenue faster over the last twelve months: 6.36% against 1.67%. Wynn Resorts, Limited has the higher net margin (6.06% vs −6.47%) and the higher return on invested capital (9.44% vs −1.51%). Both pay a dividend; Marriott Vacations Worldwide Corporation yields more (2.28% vs 0.91%). Across the 19 metrics below, Wynn Resorts, Limited leads on 12 and Marriott Vacations Worldwide Corporation on 7.

Valuation

Metric VAC WYNN Resorts & Casinos median
P/E n/m 18.56 18.52
P/S 0.69 1.12 0.54
P/B 1.74 n/m 2.13
Price to free cash flow 35.08 10.38 13.62
EV/EBITDA n/m 9.18 9.18
EV/Sales 1.65 2.29 1.80
Earnings yield (9.39%) 5.39% 1.69%
Free cash flow yield 2.85% 9.63% 6.51%

Profitability

Metric VAC WYNN Resorts & Casinos median
Gross margin 90.72% 40.70% 50.85%
Operating margin (3.27%) 15.72% 10.41%
Net margin (6.47%) 6.06% 1.28%
Free cash flow margin 1.98% 10.81% 4.23%
Return on equity (14.71%) (42.45%) 5.28%
Return on assets (3.45%) 3.47% 0.57%
Return on invested capital (1.51%) 9.44% 5.61%

Growth

Metric VAC WYNN Resorts & Casinos median
Revenue growth (TTM) 1.67% 6.36% 2.76%
EPS growth (last fiscal year) (257.58%) (27.82%) —
Revenue growth, 5-year CAGR 11.76% 27.77% 24.21%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric VAC WYNN Resorts & Casinos median
Debt to equity 2.65 (11.83) 1.94
Current ratio 3.56 0.91 0.91
Net debt to EBITDA (1,236.75) 4.77 3.08

Dividend

Metric VAC WYNN Resorts & Casinos median
Dividend yield 2.28% 0.91% 1.27%
Payout ratio 0.32 0.00 0.00

Size

Metric VAC WYNN Resorts & Casinos median
Market cap 3.47b 8.35b 2.43b

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