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Wynn Resorts (HAM:WYR) Cyclically Adjusted FCF per Share : €-3.54 (As of Mar. 2024)


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What is Wynn Resorts Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Wynn Resorts's adjusted free cash flow per share for the three months ended in Mar. 2024 was €1.796. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €-3.54 for the trailing ten years ended in Mar. 2024.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Wynn Resorts was 59.80% per year. The lowest was -47.60% per year. And the median was 36.00% per year.

As of today (2024-05-15), Wynn Resorts's current stock price is €90.37. Wynn Resorts's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €-3.54. Wynn Resorts's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Wynn Resorts was 504.55. The lowest was 22.60. And the median was 101.08.


Wynn Resorts Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Wynn Resorts's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Wynn Resorts Cyclically Adjusted FCF per Share Chart

Wynn Resorts Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.05 0.25 -1.31 -2.83 -3.65

Wynn Resorts Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.17 -3.49 -3.80 -3.65 -3.54

Competitive Comparison of Wynn Resorts's Cyclically Adjusted FCF per Share

For the Resorts & Casinos subindustry, Wynn Resorts's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Wynn Resorts's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Wynn Resorts's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Wynn Resorts's Cyclically Adjusted Price-to-FCF falls into.



Wynn Resorts Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Wynn Resorts's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.796/129.4194*129.4194
=1.796

Current CPI (Mar. 2024) = 129.4194.

Wynn Resorts Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.948 100.560 1.220
201409 0.795 100.428 1.025
201412 -4.102 99.070 -5.359
201503 -4.885 99.621 -6.346
201506 -2.194 100.684 -2.820
201509 -2.622 100.392 -3.380
201512 -2.425 99.792 -3.145
201603 -1.393 100.470 -1.794
201606 -0.256 101.688 -0.326
201609 -0.869 101.861 -1.104
201612 0.145 101.863 0.184
201703 2.459 102.862 3.094
201706 1.123 103.349 1.406
201709 1.763 104.136 2.191
201712 2.573 104.011 3.202
201803 -4.746 105.290 -5.834
201806 -2.289 106.317 -2.786
201809 1.037 106.507 1.260
201812 0.960 105.998 1.172
201903 -0.392 107.251 -0.473
201906 -0.662 108.070 -0.793
201909 0.197 108.329 0.235
201912 -0.537 108.420 -0.641
202003 -2.680 108.902 -3.185
202006 -4.026 108.767 -4.790
202009 -1.928 109.815 -2.272
202012 -2.465 109.897 -2.903
202103 -2.290 111.754 -2.652
202106 -0.362 114.631 -0.409
202109 -0.720 115.734 -0.805
202112 -0.922 117.630 -1.014
202203 -1.694 121.301 -1.807
202206 -1.142 125.017 -1.182
202209 -0.756 125.227 -0.781
202212 0.113 125.222 0.117
202303 0.308 127.348 0.313
202306 1.918 128.729 1.928
202309 1.177 129.860 1.173
202312 2.673 129.419 2.673
202403 1.796 129.419 1.796

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Wynn Resorts  (HAM:WYR) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Wynn Resorts was 504.55. The lowest was 22.60. And the median was 101.08.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Wynn Resorts Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Wynn Resorts's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Wynn Resorts (HAM:WYR) Business Description

Traded in Other Exchanges
Address
3131 Las Vegas Boulevard South, Las Vegas, NV, USA, 89109
Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO. The company operates four megaresorts: Wynn Macau and Encore in Macao and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macao, and Encore Boston Harbor in Massachusetts opened June 2019. We expect the company to open a new building next to its existing Wynn Palace resort in around 2028. The company also operates Wynn Interactive, a digital sports betting and iGaming platform. The company received 76% and 24% of its 2019 prepandemic EBITDA from Macao and Las Vegas, respectively.

Wynn Resorts (HAM:WYR) Headlines

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