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 5 out of 10. We evaluated LVS against 136 industry peers in the Hotels, Restaurants & Leisure industry. While LVS is still in line with the averages on profitability rating, there are concerns on its financial health. 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.
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
The Return On Assets of LVS (7.04%) is better than 76.47% of its industry peers.
With an excellent Return On Equity value of 43.90%, LVS belongs to the best of the industry, outperforming 91.91% of the companies in the same industry.
LVS has a Return On Invested Capital of 13.64%. This is amongst the best in the industry. LVS outperforms 80.88% of its industry peers.
| 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's Profit Margin of 13.29% is amongst the best of the industry. LVS outperforms 83.09% of its industry peers.
In the last couple of years the Profit Margin of LVS has declined.
LVS has a better Operating Margin (22.69%) than 84.56% of its industry peers.
LVS's Operating Margin has declined in the last couple of years.
LVS's Gross Margin of 49.41% is in line compared to the rest of the industry. LVS outperforms 58.09% of its industry peers.
In the last couple of years the Gross Margin of LVS has declined.
| 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
LVS has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
There is no outstanding debt for LVS. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
LVS has an Altman-Z score of 1.89. 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.
LVS's Altman-Z score of 1.89 is fine compared to the rest of the industry. LVS outperforms 60.29% 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.
LVS has a better Debt to FCF ratio (7.24) than 68.38% of its industry peers.
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 48.53% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.29 | ||
| Debt/FCF | 7.24 | ||
| Altman-Z | 1.89 |
ROIC/WACC1.63
WACC8.36%
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 (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
LVS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.58%, which is quite impressive.
LVS shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.90% yearly.
The Revenue has grown by 8.93% in the past year. This is quite good.
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 15.70% on average per year.
Based on estimates for the next years, LVS will show a small growth in Revenue. The Revenue will grow by 6.34% on average per year.
EPS Next Y14.28%
EPS Next 2Y14.22%
EPS Next 3Y13.61%
EPS Next 5Y15.7%
Revenue Next Year8.26%
Revenue Next 2Y7.04%
Revenue Next 3Y6.58%
Revenue Next 5Y6.34%
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
The Price/Earnings ratio is 14.37, which indicates a correct valuation of LVS.
76.47% of the companies in the same industry are more expensive than LVS, based on the Price/Earnings ratio.
LVS's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.29.
A Price/Forward Earnings ratio of 12.58 indicates a correct valuation of LVS.
LVS's Price/Forward Earnings ratio is rather cheap when compared to the industry. LVS is cheaper than 83.82% of the companies in the same industry.
LVS is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.08, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.37 | ||
| Fwd PE | 12.58 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, LVS is valued a bit cheaper than 67.65% of the companies in the same industry.
LVS's Price/Free Cash Flow ratio is rather cheap when compared to the industry. LVS is cheaper than 83.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.96 | ||
| EV/EBITDA | 8.41 |
4.3 Compensation for Growth
LVS's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
LVS's earnings are expected to grow with 13.61% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.01
PEG (5Y)N/A
EPS Next 2Y14.22%
EPS Next 3Y13.61%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.05%, LVS has a reasonable but not impressive dividend return.
In the last 3 months the price of LVS has falen by -26.19%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
LVS's Dividend Yield is rather good when compared to the industry average which is at 3.92. LVS pays more dividend than 84.56% of the companies in the same industry.
LVS's Dividend Yield is a higher than the S&P500 average which is at 2.52.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.05% |
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 2Y14.22%
EPS Next 3Y13.61%
32.77
+0.91 (+2.86%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners48.79%
Inst Owner Change0.1%
Ins Owners23.04%
Ins Owner Change0.11%
Market Cap23.16B
Analysts79.17
Price Target58.93 (79.83%)
Short Float %5.87%
Short Ratio3.45
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.05% |
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)-0.2%
PT rev (3m)-2.55%
EPS NQ rev (1m)-0.2%
EPS NQ rev (3m)-0.2%
EPS NY rev (1m)0%
EPS NY rev (3m)-6.51%
Revenue NQ rev (1m)-1.46%
Revenue NQ rev (3m)-1.46%
Revenue NY rev (1m)-0.21%
Revenue NY rev (3m)-1.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.37 | ||
| Fwd PE | 12.58 | ||
| P/S | 2.05 | ||
| P/FCF | 11.96 | ||
| P/OCF | 7.03 | ||
| P/B | 6.76 | ||
| P/tB | 8.08 | ||
| EV/EBITDA | 8.41 |
EPS(TTM)2.28
EY6.96%
EPS(NY)2.61
Fwd EY7.95%
FCF(TTM)2.74
FCFY8.36%
OCF(TTM)4.66
OCFY14.23%
SpS16.02
BVpS4.85
TBVpS4.06
PEG (NY)1.01
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 | 1.89 |
F-Score8
WACC8.36%
ROIC/WACC1.63
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 2Y14.22%
EPS Next 3Y13.61%
EPS Next 5Y15.7%
Revenue 1Y (TTM)8.93%
Revenue growth 3Y38.7%
Revenue growth 5Y-1.41%
Sales Q2Q%-0.65%
Revenue Next Year8.26%
Revenue Next 2Y7.04%
Revenue Next 3Y6.58%
Revenue Next 5Y6.34%
EBIT growth 1Y75.89%
EBIT growth 3YN/A
EBIT growth 5Y-6.58%
EBIT Next Year80.8%
EBIT Next 3Y27.32%
EBIT Next 5Y19.94%
FCF growth 1Y90.36%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y55.64%
OCF growth 3YN/A
OCF growth 5YN/A