LAS VEGAS SANDS CORP (LVS) Stock Fundamental Analysis
NYSE:LVS - New York Stock Exchange, Inc. - US5178341070 - Common Stock - Currency: USD
We assign a fundamental rating of 4 out of 10 to LVS. LVS was compared to 133 industry peers in the Hotels, Restaurants & Leisure industry. There are concerns on the financial health of LVS while its profitability can be described as average. LVS has a valuation in line with the averages, but it does not seem to be growing.
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.
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
With a decent Return On Assets value of 6.14%, LVS is doing good in the industry, outperforming 74.44% of the companies in the same industry.
LVS has a better Return On Equity (48.31%) than 93.98% of its industry peers.
LVS's Return On Invested Capital of 13.25% is fine compared to the rest of the industry. LVS outperforms 79.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.14% | ||
| ROE | 48.31% | ||
| ROIC | 13.25% |
ROA(3y)6.97%
ROA(5y)1.61%
ROE(3y)42.33%
ROE(5y)4.43%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of LVS (11.64%) is better than 79.70% of its industry peers.
LVS's Profit Margin has declined in the last couple of years.
The Operating Margin of LVS (20.86%) is better than 80.45% of its industry peers.
LVS's Operating Margin has declined in the last couple of years.
LVS's Gross Margin of 46.09% is in line compared to the rest of the industry. LVS outperforms 45.11% of its industry peers.
LVS's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.86% | ||
| PM (TTM) | 11.64% | ||
| GM | 46.09% |
OM growth 3YN/A
OM growth 5Y-5.25%
PM growth 3YN/A
PM growth 5Y-10.47%
GM growth 3Y8.77%
GM growth 5Y-0.34%
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.
Compared to 1 year ago, LVS has less shares outstanding
LVS has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, LVS has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 1.99 indicates that LVS is not a great score, but indicates only limited risk for bankruptcy at the moment.
LVS has a Altman-Z score (1.99) which is in line with its industry peers.
LVS has a debt to FCF ratio of 11.72. This is a negative value and a sign of low solvency as LVS would need 11.72 years to pay back of all of its debts.
LVS has a Debt to FCF ratio of 11.72. This is comparable to the rest of the industry: LVS outperforms 56.39% of its industry peers.
A Debt/Equity ratio of 4.02 is on the high side and indicates that LVS has dependencies on debt financing.
LVS has a Debt to Equity ratio of 4.02. This is comparable to the rest of the industry: LVS outperforms 42.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.02 | ||
| Debt/FCF | 11.72 | ||
| Altman-Z | 1.99 |
ROIC/WACC1.79
WACC7.4%
2.3 Liquidity
A Current Ratio of 0.59 indicates that LVS may have some problems paying its short term obligations.
LVS's Current ratio of 0.59 is on the low side compared to the rest of the industry. LVS is outperformed by 69.92% of its industry peers.
LVS has a Quick Ratio of 0.59. 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 Quick ratio, with a value of 0.59, LVS is doing worse than 65.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.59 | ||
| Quick Ratio | 0.59 |
3. Growth
3.1 Past
LVS shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -9.01%.
Measured over the past years, LVS shows a decrease in Earnings Per Share. The EPS has been decreasing by -6.90% on average per year.
LVS shows a decrease in Revenue. In the last year, the revenue decreased by -0.09%.
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)-9.01%
EPS 3YN/A
EPS 5Y-6.9%
EPS Q2Q%-21.33%
Revenue 1Y (TTM)-0.09%
Revenue growth 3Y38.7%
Revenue growth 5Y-1.41%
Sales Q2Q%-3.28%
3.2 Future
LVS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.53% yearly.
The Revenue is expected to grow by 6.13% on average over the next years.
EPS Next Y5.64%
EPS Next 2Y9.95%
EPS Next 3Y9.69%
EPS Next 5Y16.53%
Revenue Next Year4.17%
Revenue Next 2Y5.06%
Revenue Next 3Y4.99%
Revenue Next 5Y6.13%
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
LVS is valuated rather expensively with a Price/Earnings ratio of 20.52.
69.92% of the companies in the same industry are more expensive than LVS, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of LVS to the average of the S&P500 Index (27.15), we can say LVS is valued slightly cheaper.
With a Price/Forward Earnings ratio of 15.79, LVS is valued correctly.
Based on the Price/Forward Earnings ratio, LVS is valued a bit cheaper than 69.92% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.60, LVS is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.52 | ||
| Fwd PE | 15.79 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, LVS is valued a bit cheaper than the industry average as 60.90% of the companies are valued more expensively.
67.67% 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 | 26.01 | ||
| EV/EBITDA | 11.21 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)3.64
PEG (5Y)N/A
EPS Next 2Y9.95%
EPS Next 3Y9.69%
5. Dividend
5.1 Amount
LVS has a Yearly Dividend Yield of 2.29%. Purely for dividend investing, there may be better candidates out there.
LVS's Dividend Yield is rather good when compared to the industry average which is at 3.71. LVS pays more dividend than 81.20% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.42, 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 -26.75%.
LVS has paid a dividend for at least 10 years, which is a reliable track record.
LVS has decreased its dividend recently.
Dividend Growth(5Y)-26.75%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
LVS pays out 47.39% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP47.39%
EPS Next 2Y9.95%
EPS Next 3Y9.69%
43.51
-0.61 (-1.38%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners45.11%
Inst Owner Change-8.11%
Ins Owners25.33%
Ins Owner Change0.15%
Market Cap30.75B
Analysts79.09
Price Target52.45 (20.55%)
Short Float %5.23%
Short Ratio2.6
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.29% |
Yearly Dividend0.8
Dividend Growth(5Y)-26.75%
DP47.39%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.47%
Min EPS beat(2)-7.85%
Max EPS beat(2)2.9%
EPS beat(4)1
Avg EPS beat(4)-6.69%
Min EPS beat(4)-18.44%
Max EPS beat(4)2.9%
EPS beat(8)4
Avg EPS beat(8)-1.14%
EPS beat(12)5
Avg EPS beat(12)-9.31%
EPS beat(16)6
Avg EPS beat(16)-21.84%
Revenue beat(2)0
Avg Revenue beat(2)-1.11%
Min Revenue beat(2)-2.09%
Max Revenue beat(2)-0.14%
Revenue beat(4)0
Avg Revenue beat(4)-2.3%
Min Revenue beat(4)-4.52%
Max Revenue beat(4)-0.14%
Revenue beat(8)2
Avg Revenue beat(8)-0.42%
Revenue beat(12)5
Avg Revenue beat(12)0.83%
Revenue beat(16)5
Avg Revenue beat(16)-3.78%
PT rev (1m)-0.35%
PT rev (3m)-11.18%
EPS NQ rev (1m)-0.27%
EPS NQ rev (3m)-12.65%
EPS NY rev (1m)-0.3%
EPS NY rev (3m)-8.17%
Revenue NQ rev (1m)-0.04%
Revenue NQ rev (3m)-4.55%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)-3.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.52 | ||
| Fwd PE | 15.79 | ||
| P/S | 2.74 | ||
| P/FCF | 26.01 | ||
| P/OCF | 10.19 | ||
| P/B | 11.39 | ||
| P/tB | 15.08 | ||
| EV/EBITDA | 11.21 |
EPS(TTM)2.12
EY4.87%
EPS(NY)2.76
Fwd EY6.33%
FCF(TTM)1.67
FCFY3.84%
OCF(TTM)4.27
OCFY9.81%
SpS15.85
BVpS3.82
TBVpS2.89
PEG (NY)3.64
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.14% | ||
| ROE | 48.31% | ||
| ROCE | 15.59% | ||
| ROIC | 13.25% | ||
| ROICexc | 16.62% | ||
| ROICexgc | 17.59% | ||
| OM | 20.86% | ||
| PM (TTM) | 11.64% | ||
| GM | 46.09% | ||
| FCFM | 10.55% |
ROA(3y)6.97%
ROA(5y)1.61%
ROE(3y)42.33%
ROE(5y)4.43%
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 5Y0.93%
ROICexc growth 3YN/A
ROICexc growth 5Y-0.02%
OM growth 3YN/A
OM growth 5Y-5.25%
PM growth 3YN/A
PM growth 5Y-10.47%
GM growth 3Y8.77%
GM growth 5Y-0.34%
F-Score5
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.02 | ||
| Debt/FCF | 11.72 | ||
| Debt/EBITDA | 2.9 | ||
| Cap/Depr | 130.16% | ||
| Cap/Sales | 16.37% | ||
| Interest Coverage | 3.67 | ||
| Cash Conversion | 80.51% | ||
| Profit Quality | 90.64% | ||
| Current Ratio | 0.59 | ||
| Quick Ratio | 0.59 | ||
| Altman-Z | 1.99 |
F-Score5
WACC7.4%
ROIC/WACC1.79
Cap/Depr(3y)95.43%
Cap/Depr(5y)95.88%
Cap/Sales(3y)15.03%
Cap/Sales(5y)21.33%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-9.01%
EPS 3YN/A
EPS 5Y-6.9%
EPS Q2Q%-21.33%
EPS Next Y5.64%
EPS Next 2Y9.95%
EPS Next 3Y9.69%
EPS Next 5Y16.53%
Revenue 1Y (TTM)-0.09%
Revenue growth 3Y38.7%
Revenue growth 5Y-1.41%
Sales Q2Q%-3.28%
Revenue Next Year4.17%
Revenue Next 2Y5.06%
Revenue Next 3Y4.99%
Revenue Next 5Y6.13%
EBIT growth 1Y-12.77%
EBIT growth 3YN/A
EBIT growth 5Y-6.58%
EBIT Next Year69.94%
EBIT Next 3Y24.5%
EBIT Next 5Y19.59%
FCF growth 1Y246.47%
FCF growth 3YN/A
FCF growth 5Y-3.76%
OCF growth 1Y50166.7%
OCF growth 3Y497.77%
OCF growth 5Y1.07%