---
title: "\"Big Banks\" JP Morgan: Wynn Macau's quarterly results are unremarkable, valuation is attractive, maintain \"Overweight\""
description: "JP Morgan released a report stating that Wynn Macau's performance in the fourth quarter of 2025 met expectations, with adjusted EBITDA of USD 287 million, and market share also met expectations. The e"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/275862360.md"
published_at: "2026-02-13T06:44:37.000Z"
---

# "Big Banks" JP Morgan: Wynn Macau's quarterly results are unremarkable, valuation is attractive, maintain "Overweight"

> JP Morgan released a report stating that Wynn Macau's performance in the fourth quarter of 2025 met expectations, with adjusted EBITDA of USD 287 million, and market share also met expectations. The earnings conference call did not provide new information, and JP Morgan believes this earnings announcement has no significant impact. Due to its attractive valuation, they maintain an "Overweight" rating with a target price of HKD 8

JP Morgan published a research report indicating that Wynn Macau (01128.HK) is expected to meet the bank's forecasts for Q4 2025, with an adjusted EBITDA of USD 287 million, roughly flat quarter-on-quarter, compared to JP Morgan's forecast of USD 285 million, and market share also in line with expectations.

The bank stated that the earnings conference call did not provide much incremental information, except for expressing confidence in the Lunar New Year as expected, consistent with industry peers. Morgan Stanley views the earnings announcement as a non-material event, given its attractive valuation (8 times enterprise value multiple, 9 times price-to-earnings ratio, free cash flow yield over 15%, and a dividend yield of 6 cents), especially considering the quality of its assets, maintaining an "Overweight" rating on Wynn Macau with a target price of HKD 8

### Related Stocks

- [WYNN.US - Wynn Resorts](https://longbridge.com/en/quote/WYNN.US.md)
- [01128.HK - WYNN MACAU](https://longbridge.com/en/quote/01128.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Wynn Macau's Adjusted Pre-Tax Earnings Fall in Q4 2025 | Wynn Macau's Adjusted Pre-Tax Earnings Fall in Q4 2025 | [Link](https://longbridge.com/en/news/275832737.md) |
| Research Alert: CFRA Maintains Buy Opinion On Shares Of Wynn Resorts | CFRA maintains a Buy opinion on Wynn Resorts (WYNN) with a 12-month price target of $155, based on a 10.3x adjusted EBIT | [Link](https://longbridge.com/en/news/276146633.md) |
| Wynn Resorts Advances UAE Flagship As International Mix And Valuation Diverge | Wynn Resorts has topped out its Wynn Al Marjan Island tower in the UAE, marking a significant milestone in its first Mid | [Link](https://longbridge.com/en/news/275987040.md) |
| Assessing Wynn Resorts (WYNN) Valuation After Mixed Q4 Results And Macau Led Growth | Wynn Resorts (WYNN) reported mixed Q4 results, with revenue boosted by Macau but profits declining due to softness in La | [Link](https://longbridge.com/en/news/276102952.md) |
| Wynn Resorts Q4 revenue beats estimates | Wynn Resorts reported Q4 operating revenue of $1.87 billion, surpassing analyst expectations of $1.85 billion, while adj | [Link](https://longbridge.com/en/news/275807521.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.