LAS VEGAS SANDS CORP (LVS)
US5178341070 - Common Stock
We assign a fundamental rating of 5 out of 10 to LVS. LVS was compared to 135 industry peers in the Hotels, Restaurants & Leisure industry. Both the profitability and the financial health of LVS get a neutral evaluation. Nothing too spectacular is happening here. LVS is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
LVS had positive earnings in the past year.
In the past year LVS had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: LVS reported negative net income in multiple years.
In multiple years LVS reported negative operating cash flow during the last 5 years.
1.2 Ratios
LVS's Return On Assets of 7.04% is fine compared to the rest of the industry. LVS outperforms 79.10% of its industry peers.
LVS has a better Return On Equity (43.90%) than 94.78% of its industry peers.
LVS's Return On Invested Capital of 12.94% is amongst the best of the industry. LVS outperforms 80.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.04% | ||
| ROE | 43.9% | ||
| ROIC | 12.94% |
ROA(3y)3.04%
ROA(5y)2.53%
ROE(3y)9.57%
ROE(5y)4.81%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of LVS (13.29%) is better than 80.60% of its industry peers.
In the last couple of years the Profit Margin of LVS has declined.
LVS's Operating Margin of 22.69% is amongst the best of the industry. LVS outperforms 84.33% of its industry peers.
In the last couple of years the Operating Margin of LVS has declined.
LVS has a Gross Margin of 49.41%. This is comparable to the rest of the industry: LVS outperforms 54.48% of its industry peers.
In the last couple of years the Gross Margin of LVS has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.69% | ||
| PM (TTM) | 13.29% | ||
| GM | 49.41% |
OM growth 3YN/A
OM growth 5Y-4.51%
PM growth 3YN/A
PM growth 5Y-7.7%
GM growth 3Y21.28%
GM growth 5Y0.25%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), LVS is creating some value.
The number of shares outstanding for LVS has been reduced compared to 1 year ago.
The number of shares outstanding for LVS has been reduced compared to 5 years ago.
LVS has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.33 indicates that LVS is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of LVS (2.33) is better than 67.16% of its industry peers.
LVS has a debt to FCF ratio of 7.24. This is a slightly negative value and a sign of low solvency as LVS would need 7.24 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 7.24, LVS is doing good in the industry, outperforming 69.40% of the companies in the same industry.
A Debt/Equity ratio of 3.29 is on the high side and indicates that LVS has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 3.29, LVS is in line with its industry, outperforming 48.51% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.29 | ||
| Debt/FCF | 7.24 | ||
| Altman-Z | 2.33 |
ROIC/WACC1.65
WACC7.85%
2.3 Liquidity
LVS has a Current Ratio of 0.90. This is a bad value and indicates that LVS is not financially healthy enough and could expect problems in meeting its short term obligations.
LVS has a Current ratio (0.90) which is comparable to the rest of the industry.
LVS has a Quick Ratio of 0.90. This is a bad value and indicates that LVS is not financially healthy enough and could expect problems in meeting its short term obligations.
LVS has a Quick ratio of 0.89. This is comparable to the rest of the industry: LVS outperforms 51.49% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.89 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 110.00% over the past year.
The earnings per share for LVS have been decreasing by -10.94% on average. This is quite bad
Looking at the last year, LVS shows a very strong growth in Revenue. The Revenue has grown by 31.99%.
LVS shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -5.45% yearly.
EPS 1Y (TTM)110%
EPS 3YN/A
EPS 5Y-10.94%
EPS Q2Q%-20%
Revenue 1Y (TTM)31.99%
Revenue growth 3Y52.23%
Revenue growth 5Y-5.45%
Sales Q2Q%-4.04%
3.2 Future
LVS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.96% yearly.
Based on estimates for the next years, LVS will show a quite strong growth in Revenue. The Revenue will grow by 9.17% on average per year.
EPS Next Y27.58%
EPS Next 2Y22.29%
EPS Next 3Y18.93%
EPS Next 5Y21.96%
Revenue Next Year9.06%
Revenue Next 2Y9.36%
Revenue Next 3Y7.77%
Revenue Next 5Y9.17%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 21.73, LVS is valued on the expensive side.
LVS's Price/Earnings ratio is a bit cheaper when compared to the industry. LVS is cheaper than 70.90% of the companies in the same industry.
When comparing the Price/Earnings ratio of LVS to the average of the S&P500 Index (28.96), we can say LVS is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 18.04, the valuation of LVS can be described as rather expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of LVS indicates a somewhat cheap valuation: LVS is cheaper than 67.91% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of LVS to the average of the S&P500 Index (23.82), we can say LVS is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.73 | ||
| Fwd PE | 18.04 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as LVS.
76.12% of the companies in the same industry are more expensive than LVS, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.79 | ||
| EV/EBITDA | 11.76 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
LVS's earnings are expected to grow with 18.93% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.79
PEG (5Y)N/A
EPS Next 2Y22.29%
EPS Next 3Y18.93%
5. Dividend
5.1 Amount
LVS has a Yearly Dividend Yield of 1.65%. Purely for dividend investing, there may be better candidates out there.
LVS's Dividend Yield is a higher than the industry average which is at 2.83.
Compared to the average S&P500 Dividend Yield of 2.23, LVS is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.65% |
5.2 History
The dividend of LVS decreases each year by -35.90%.
LVS has been paying a dividend for at least 10 years, so it has a reliable track record.
LVS has decreased its dividend recently.
Dividend Growth(5Y)-35.9%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
39.69% of the earnings are spent on dividend by LVS. This is a low number and sustainable payout ratio.
DP39.69%
EPS Next 2Y22.29%
EPS Next 3Y18.93%
LAS VEGAS SANDS CORP
NYSE:LVS (11/22/2024, 11:25:10 AM)
50.185
+0.12 (+0.23%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap36.39B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.65% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.73 | ||
| Fwd PE | 18.04 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.79
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.04% | ||
| ROE | 43.9% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 22.69% | ||
| PM (TTM) | 13.29% | ||
| GM | 49.41% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.29 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.89 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)110%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y27.58%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)31.99%
Revenue growth 3Y52.23%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y