FMP
Feb 9, 2024 12:55 PM - Davit Kirakosyan
Macquarie analysts increased their price target for Wynn Resorts (NASDAQ:WYNN) to $128.00, up from $122.00, while reiterating an Outperform rating on the stock.
Macquarie’s analysis suggests a positive outlook for Wynn, particularly in Macau, where they believe the consensus forecasts remain overly cautious. The analysts anticipate Wynn Resorts will continue to expand its market share, especially as the recovery progresses beyond the base mass segment.
With the stock's multiples around 9x the estimated earnings for 2024 ahead of the earnings release, the analysts argue that Wynn Resorts presents the most significant potential for estimates and stock price appreciation among major gaming companies. Furthermore, they highlighted the additional value in Wynn's underappreciated assets, estimating over $10 in value from Al Marjan Island ($6), WynnBet ($2), and a 38-acre parcel in Las Vegas ($4).
Oct 31, 2023 8:03 AM - Parth Sanghvi
Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...
Nov 25, 2023 6:39 AM - Parth Sanghvi
Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...
Dec 23, 2023 2:19 AM - Parth Sanghvi
Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...