GURUFOCUS.COM » STOCK LIST » USA » NAS » Wynn Resorts Ltd (NAS:WYNN) » Definitions » Earnings Yield (Joel Greenblatt) %
Switch to:

Wynn Resorts Earnings Yield (Joel Greenblatt) %

: -2.29% (As of Jun. 2022)
View and export this data going back to 2002. Start your Free Trial

Wynn Resorts's Enterprise Value for the quarter that ended in Jun. 2022 was $15,721 Mil. Wynn Resorts's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $-360 Mil. Wynn Resorts's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2022 was -2.29%.

The historical rank and industry rank for Wynn Resorts's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

WYNN' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -6.04   Med: 4.12   Max: 8.07
Current: -2.02

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Wynn Resorts was 8.07%. The lowest was -6.04%. And the median was 4.12%.

WYNN's Earnings Yield (Joel Greenblatt) % is ranked worse than
66.51% of 842 companies
in the Travel & Leisure industry
Industry Median: 1.33 vs WYNN: -2.02

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Wynn Resorts's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.


Wynn Resorts Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Wynn Resorts's Earnings Yield (Joel Greenblatt) % 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 Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.93 3.91 3.94 -5.61 -2.17

Wynn Resorts Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Earnings Yield (Joel Greenblatt) % 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 Premium Member Only Premium Member Only Premium Member Only -2.81 -2.47 -2.17 -1.78 -2.29

Competitive Comparison

For the Resorts & Casinos subindustry, Wynn Resorts's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Wynn Resorts's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Wynn Resorts's Earnings Yield (Joel Greenblatt) % falls into.



Wynn Resorts Earnings Yield (Joel Greenblatt) % Calculation

In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.

Wynn Resortss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2021 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-405.954/18745.8096
=-2.17 %

Wynn Resorts's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-360 Mil.



Wynn Resorts  (NAS:WYNN) Earnings Yield (Joel Greenblatt) % Explanation

Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.

Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.


Be Aware

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Wynn Resorts Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Wynn Resorts's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Wynn Resorts Business Description

Wynn Resorts logo
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, Encore Boston Harbor in Massachusetts opened June 2019. Additionally, we expect the company to begin construction on a new building next to its existing Macao Palace resort in 2022, which we forecast to open in 2025. 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.
Executives
Cameron-doe Julie officer: CFO C/O WYNN RESORTS, LIMITED 3131 LAS VEGAS BOULEVARD S. LAS VEGAS NV 89109
Strom Darnell O. director C/O WYNN RESORTS, LIMITED 3131 LAS VEGAS BOULEVARD S. LAS VEGAS NV 89109
Byrne Richard J director 350 PARK AVENUE 20TH FLOOR NEW YORK NY 10022
Satre Philip G director
Whittemore Ellen F officer: EVP and General Counsel C/O WYNN RESORTS, LIMITED 3131 LAS VEGAS BOULEVARD SOUTH LAS VEGAS NV 89109
Atkins Betsy S director
Myers Margaret Jane director C/O WYNN RESORTS, LIMITED 3131 LAS VEGAS BOULEVARD SOUTH LAS VEGAS NV 89109
Webb Winifred Markus director 9330 BALBOA AVE SAN DIEGO CA 92123
Wynn Stephen A 10 percent owner 3131 LAS VEGAS BOULEVARD SOUTH LAS VEGAS NV 89109
Billings Craig Scott officer: CFO and Treasurer C/O WYNN RESORTS, LIMITED 3131 LAS VEGAS BOULEVARD SOUTH LAS VEGAS NV 89109
Cootey Stephen Lawrence officer: CFO, SVP and Treasurer C/O RED ROCK RESORTS, INC. 1505 SOUTH PAVILION CENTER DRIVE, LAS VEGAS NV 89135
Johnson Jay L director P O BOX 26532 RICHMOND VA 23261
Virtue J Edward director 320 PARK AVENUE 17TH FLOOR NEW YORK NY 10022
Wayson Daniel Boone director C/O WYNN RESORTS, LIMITED 3145 LAS VEGAS BOULEVARD SOUTH LAS VEGAS NV 89109
Miller Robert Jos director 6363 SOUTH FIDDLERS GREEN CIRCLE GREENWOOD VILLAGE CO 80111

Wynn Resorts Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)