LAS VEGAS SANDS CORP (LVS) Stock Fundamental Analysis
NYSE:LVS - New York Stock Exchange, Inc. - US5178341070 - Common Stock - Currency: USD
Overall LVS gets a fundamental rating of 4 out of 10. We evaluated LVS against 135 industry peers in the Hotels, Restaurants & Leisure industry. LVS has a medium profitability rating, but doesn't score so well on its financial health evaluation. LVS is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year LVS was profitable.
LVS had a positive operating cash flow in the past year.
In multiple years LVS reported negative net income over the last 5 years.
The reported operating cash flow has been mixed in the past 5 years: LVS reported negative operating cash flow in multiple years.
1.2 Ratios
LVS has a better Return On Assets (7.04%) than 77.10% of its industry peers.
Looking at the Return On Equity, with a value of 43.90%, LVS belongs to the top of the industry, outperforming 92.37% of the companies in the same industry.
With an excellent Return On Invested Capital value of 13.64%, LVS belongs to the best of the industry, outperforming 80.15% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.04% | ||
| ROE | 43.9% | ||
| ROIC | 13.64% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
LVS has a better Profit Margin (13.29%) than 80.15% of its industry peers.
In the last couple of years the Profit Margin of LVS has declined.
With an excellent Operating Margin value of 22.69%, LVS belongs to the best of the industry, outperforming 83.21% of the companies in the same industry.
LVS's Operating Margin has declined in the last couple of years.
The Gross Margin of LVS (49.41%) is comparable to the rest of the industry.
LVS's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.69% | ||
| PM (TTM) | 13.29% | ||
| GM | 49.41% |
OM growth 3YN/A
OM growth 5Y-5.25%
PM growth 3YN/A
PM growth 5Y-10.47%
GM growth 3Y0.47%
GM growth 5Y-4.97%
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.
LVS has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
LVS has an Altman-Z score of 2.18. This is not the best score and indicates that LVS is in the grey zone with still only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 2.18, LVS is doing good in the industry, outperforming 61.83% of the companies in the same industry.
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 67.94% of the companies in the same industry.
LVS has a Debt/Equity ratio of 3.29. This is a high value indicating a heavy dependency on external financing.
LVS has a Debt to Equity ratio of 3.29. This is comparable to the rest of the industry: LVS outperforms 46.56% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.29 | ||
| Debt/FCF | 7.24 | ||
| Altman-Z | 2.18 |
ROIC/WACC1.53
WACC8.93%
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.
Looking at the Current ratio, with a value of 0.90, LVS is in line with its industry, outperforming 51.15% of the companies in the same 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 (0.89) which is comparable to the rest of the industry.
| 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 22.58% over the past year.
LVS shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.90% yearly.
LVS shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.93%.
Measured over the past years, LVS shows a decrease in Revenue. The Revenue has been decreasing by -1.41% on average per year.
EPS 1Y (TTM)22.58%
EPS 3YN/A
EPS 5Y-6.9%
EPS Q2Q%-5.26%
Revenue 1Y (TTM)8.93%
Revenue growth 3Y38.7%
Revenue growth 5Y-1.41%
Sales Q2Q%-0.65%
3.2 Future
Based on estimates for the next years, LVS will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.57% on average per year.
The Revenue is expected to grow by 6.59% on average over the next years.
EPS Next Y14.28%
EPS Next 2Y14.03%
EPS Next 3Y13.88%
EPS Next 5Y17.57%
Revenue Next Year8.51%
Revenue Next 2Y7.13%
Revenue Next 3Y6.62%
Revenue Next 5Y6.59%
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 19.61, LVS is valued on the expensive side.
Based on the Price/Earnings ratio, LVS is valued a bit cheaper than 71.76% of the companies in the same industry.
LVS is valuated rather cheaply when we compare the Price/Earnings ratio to 29.98, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 17.16 indicates a rather expensive valuation of LVS.
LVS's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. LVS is cheaper than 72.52% of the companies in the same industry.
LVS is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.66, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.61 | ||
| Fwd PE | 17.16 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, LVS is valued a bit cheaper than 64.89% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of LVS indicates a rather cheap valuation: LVS is cheaper than 80.15% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.53 | ||
| EV/EBITDA | 10.66 |
4.3 Compensation for Growth
LVS's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as LVS's earnings are expected to grow with 13.88% in the coming years.
PEG (NY)1.37
PEG (5Y)N/A
EPS Next 2Y14.03%
EPS Next 3Y13.88%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.29%, LVS has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.13, LVS pays a better dividend. On top of this LVS pays more dividend than 83.97% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.30, LVS has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.29% |
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.
The dividend of LVS decreased recently.
Dividend Growth(5Y)-35.9%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
LVS pays out 39.69% of its income as dividend. This is a sustainable payout ratio.
DP39.69%
EPS Next 2Y14.03%
EPS Next 3Y13.88%
44.71
+0.97 (+2.22%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners48.79%
Inst Owner Change2.46%
Ins Owners23.04%
Ins Owner Change0.11%
Market Cap32.01B
Analysts79.17
Price Target59.17 (32.34%)
Short Float %6.42%
Short Ratio4.01
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.29% |
Yearly Dividend0.4
Dividend Growth(5Y)-35.9%
DP39.69%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-10.9%
Min EPS beat(2)-18.44%
Max EPS beat(2)-3.36%
EPS beat(4)1
Avg EPS beat(4)-2.37%
Min EPS beat(4)-18.44%
Max EPS beat(4)20.22%
EPS beat(8)4
Avg EPS beat(8)-9.86%
EPS beat(12)5
Avg EPS beat(12)-13.74%
EPS beat(16)6
Avg EPS beat(16)-22.2%
Revenue beat(2)0
Avg Revenue beat(2)-3.5%
Min Revenue beat(2)-4.52%
Max Revenue beat(2)-2.47%
Revenue beat(4)0
Avg Revenue beat(4)-1.99%
Min Revenue beat(4)-4.52%
Max Revenue beat(4)-0.37%
Revenue beat(8)3
Avg Revenue beat(8)0.77%
Revenue beat(12)5
Avg Revenue beat(12)-0.77%
Revenue beat(16)5
Avg Revenue beat(16)-5.7%
PT rev (1m)-1.71%
PT rev (3m)-0.92%
EPS NQ rev (1m)-0.2%
EPS NQ rev (3m)-0.2%
EPS NY rev (1m)-6.36%
EPS NY rev (3m)-6.47%
Revenue NQ rev (1m)-1.46%
Revenue NQ rev (3m)-1.46%
Revenue NY rev (1m)-1.07%
Revenue NY rev (3m)-1.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.61 | ||
| Fwd PE | 17.16 | ||
| P/S | 2.83 | ||
| P/FCF | 16.53 | ||
| P/OCF | 9.71 | ||
| P/B | 9.34 | ||
| P/tB | 11.17 | ||
| EV/EBITDA | 10.66 |
EPS(TTM)2.28
EY5.1%
EPS(NY)2.61
Fwd EY5.83%
FCF(TTM)2.7
FCFY6.05%
OCF(TTM)4.6
OCFY10.29%
SpS15.81
BVpS4.79
TBVpS4
PEG (NY)1.37
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.04% | ||
| ROE | 43.9% | ||
| ROCE | 16.05% | ||
| ROIC | 13.64% | ||
| ROICexc | 18.51% | ||
| ROICexgc | 19.43% | ||
| OM | 22.69% | ||
| PM (TTM) | 13.29% | ||
| GM | 49.41% | ||
| FCFM | 17.11% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5Y-5.25%
PM growth 3YN/A
PM growth 5Y-10.47%
GM growth 3Y0.47%
GM growth 5Y-4.97%
F-Score8
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.29 | ||
| Debt/FCF | 7.24 | ||
| Debt/EBITDA | 2.88 | ||
| Cap/Depr | 100.44% | ||
| Cap/Sales | 12.01% | ||
| Interest Coverage | 4.02 | ||
| Cash Conversion | 84.03% | ||
| Profit Quality | 128.72% | ||
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.89 | ||
| Altman-Z | 2.18 |
F-Score8
WACC8.93%
ROIC/WACC1.53
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)22.58%
EPS 3YN/A
EPS 5Y-6.9%
EPS Q2Q%-5.26%
EPS Next Y14.28%
EPS Next 2Y14.03%
EPS Next 3Y13.88%
EPS Next 5Y17.57%
Revenue 1Y (TTM)8.93%
Revenue growth 3Y38.7%
Revenue growth 5Y-1.41%
Sales Q2Q%-0.65%
Revenue Next Year8.51%
Revenue Next 2Y7.13%
Revenue Next 3Y6.62%
Revenue Next 5Y6.59%
EBIT growth 1Y75.89%
EBIT growth 3YN/A
EBIT growth 5Y-6.58%
EBIT Next Year82.26%
EBIT Next 3Y28.47%
EBIT Next 5Y20.5%
FCF growth 1Y90.36%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y55.64%
OCF growth 3YN/A
OCF growth 5YN/A