LAS VEGAS SANDS CORP (LVS) Stock Fundamental Analysis
USA - NYSE:LVS - US5178341070 - Common Stock
53.87 USD
+0.66 (+1.24%)
53.87 USD
0 (0%)
Overall LVS gets a fundamental rating of 4 out of 10. We evaluated LVS against 134 industry peers in the Hotels, Restaurants & Leisure industry. LVS has only an average score on both its financial health and profitability. LVS has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year LVS was profitable.
LVS had a positive operating cash flow in the past year.
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
The Return On Assets of LVS (6.46%) is better than 74.63% of its industry peers.
The Return On Equity of LVS (70.92%) is better than 95.52% of its industry peers.
LVS has a better Return On Invested Capital (11.68%) than 77.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.46% | ||
| ROE | 70.92% | ||
| ROIC | 11.68% |
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 (12.16%) is better than 79.85% of its industry peers.
In the last couple of years the Profit Margin of LVS has declined.
LVS's Operating Margin of 21.70% is amongst the best of the industry. LVS outperforms 83.58% of its industry peers.
LVS's Operating Margin has declined in the last couple of years.
LVS has a Gross Margin (46.98%) which is in line with its industry peers.
LVS's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.7% | ||
| PM (TTM) | 12.16% | ||
| GM | 46.98% |
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.
The number of shares outstanding for LVS has been reduced compared to 1 year ago.
LVS has less shares outstanding than it did 5 years ago.
LVS has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.32 indicates that LVS is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.32, LVS is in the better half of the industry, outperforming 61.19% of the companies in the same industry.
The Debt to FCF ratio of LVS is 28.82, which is on the high side as it means it would take LVS, 28.82 years of fcf income to pay off all of its debts.
LVS has a Debt to FCF ratio of 28.82. This is comparable to the rest of the industry: LVS outperforms 43.28% of its industry peers.
LVS has a Debt/Equity ratio of 7.48. This is a high value indicating a heavy dependency on external financing.
LVS's Debt to Equity ratio of 7.48 is on the low side compared to the rest of the industry. LVS is outperformed by 64.93% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.48 | ||
| Debt/FCF | 28.82 | ||
| Altman-Z | 2.32 |
ROIC/WACC1.34
WACC8.72%
2.3 Liquidity
LVS has a Current Ratio of 1.22. This is a normal value and indicates that LVS is financially healthy and should not expect problems in meeting its short term obligations.
LVS has a better Current ratio (1.22) than 61.19% of its industry peers.
A Quick Ratio of 1.21 indicates that LVS should not have too much problems paying its short term obligations.
LVS has a better Quick ratio (1.21) than 64.18% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.22 | ||
| Quick Ratio | 1.21 |
3. Growth
3.1 Past
LVS shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.48%.
The Earnings Per Share has been decreasing by -6.90% on average over the past years.
Looking at the last year, LVS shows a small growth in Revenue. The Revenue has grown by 1.62% in the last year.
The Revenue has been decreasing by -1.41% on average over the past years.
EPS 1Y (TTM)-2.48%
EPS 3YN/A
EPS 5Y-6.9%
EPS Q2Q%43.64%
Revenue 1Y (TTM)1.62%
Revenue growth 3Y38.7%
Revenue growth 5Y-1.41%
Sales Q2Q%14.99%
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 17.43% on average per year.
The Revenue is expected to grow by 6.49% on average over the next years.
EPS Next Y17.97%
EPS Next 2Y13.45%
EPS Next 3Y12.8%
EPS Next 5Y17.43%
Revenue Next Year8.29%
Revenue Next 2Y6.56%
Revenue Next 3Y5.7%
Revenue Next 5Y6.49%
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 22.83, LVS is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of LVS indicates a somewhat cheap valuation: LVS is cheaper than 66.42% of the companies listed in the same industry.
LVS's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.38.
A Price/Forward Earnings ratio of 18.36 indicates a rather expensive valuation of LVS.
Compared to the rest of the industry, the Price/Forward Earnings ratio of LVS indicates a somewhat cheap valuation: LVS is cheaper than 64.18% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.86. LVS is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.83 | ||
| Fwd PE | 18.36 |
4.2 Price Multiples
LVS's Enterprise Value to EBITDA is on the same level as the industry average.
LVS's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 67.36 | ||
| EV/EBITDA | 12.37 |
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 12.80% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.27
PEG (5Y)N/A
EPS Next 2Y13.45%
EPS Next 3Y12.8%
5. Dividend
5.1 Amount
LVS has a Yearly Dividend Yield of 1.88%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 4.92, LVS pays a bit more dividend than its industry peers.
LVS's Dividend Yield is slightly below the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.88% |
5.2 History
The dividend of LVS decreases each year by -26.75%.
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)-26.75%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
LVS pays out 50.71% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP50.71%
EPS Next 2Y13.45%
EPS Next 3Y12.8%
53.87
+0.66 (+1.24%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners46.82%
Inst Owner Change-6.49%
Ins Owners26.07%
Ins Owner Change0%
Market Cap36.98B
Analysts79.13
Price Target61.05 (13.33%)
Short Float %5.01%
Short Ratio3.19
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.88% |
Yearly Dividend0.8
Dividend Growth(5Y)-26.75%
DP50.71%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)25.58%
Min EPS beat(2)2.9%
Max EPS beat(2)48.26%
EPS beat(4)2
Avg EPS beat(4)6.22%
Min EPS beat(4)-18.44%
Max EPS beat(4)48.26%
EPS beat(8)4
Avg EPS beat(8)4.27%
EPS beat(12)6
Avg EPS beat(12)-3.87%
EPS beat(16)7
Avg EPS beat(16)-15.49%
Revenue beat(2)1
Avg Revenue beat(2)4.48%
Min Revenue beat(2)-2.09%
Max Revenue beat(2)11.05%
Revenue beat(4)1
Avg Revenue beat(4)1.08%
Min Revenue beat(4)-4.52%
Max Revenue beat(4)11.05%
Revenue beat(8)2
Avg Revenue beat(8)0.32%
Revenue beat(12)5
Avg Revenue beat(12)1.33%
Revenue beat(16)6
Avg Revenue beat(16)-2%
PT rev (1m)3.04%
PT rev (3m)16.41%
EPS NQ rev (1m)0.94%
EPS NQ rev (3m)2.98%
EPS NY rev (1m)0%
EPS NY rev (3m)11.67%
Revenue NQ rev (1m)0.59%
Revenue NQ rev (3m)2.95%
Revenue NY rev (1m)0.18%
Revenue NY rev (3m)3.95%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.83 | ||
| Fwd PE | 18.36 | ||
| P/S | 3.18 | ||
| P/FCF | 67.36 | ||
| P/OCF | 15.54 | ||
| P/B | 18.57 | ||
| P/tB | 27.39 | ||
| EV/EBITDA | 12.37 |
EPS(TTM)2.36
EY4.38%
EPS(NY)2.93
Fwd EY5.45%
FCF(TTM)0.8
FCFY1.48%
OCF(TTM)3.47
OCFY6.44%
SpS16.92
BVpS2.9
TBVpS1.97
PEG (NY)1.27
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.46% | ||
| ROE | 70.92% | ||
| ROCE | 13.74% | ||
| ROIC | 11.68% | ||
| ROICexc | 14.38% | ||
| ROICexgc | 15.03% | ||
| OM | 21.7% | ||
| PM (TTM) | 12.16% | ||
| GM | 46.98% | ||
| FCFM | 4.73% |
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-Score4
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.48 | ||
| Debt/FCF | 28.82 | ||
| Debt/EBITDA | 3.73 | ||
| Cap/Depr | 124.56% | ||
| Cap/Sales | 15.76% | ||
| Interest Coverage | 3.83 | ||
| Cash Conversion | 59.63% | ||
| Profit Quality | 38.88% | ||
| Current Ratio | 1.22 | ||
| Quick Ratio | 1.21 | ||
| Altman-Z | 2.32 |
F-Score4
WACC8.72%
ROIC/WACC1.34
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)-2.48%
EPS 3YN/A
EPS 5Y-6.9%
EPS Q2Q%43.64%
EPS Next Y17.97%
EPS Next 2Y13.45%
EPS Next 3Y12.8%
EPS Next 5Y17.43%
Revenue 1Y (TTM)1.62%
Revenue growth 3Y38.7%
Revenue growth 5Y-1.41%
Sales Q2Q%14.99%
Revenue Next Year8.29%
Revenue Next 2Y6.56%
Revenue Next 3Y5.7%
Revenue Next 5Y6.49%
EBIT growth 1Y-8.16%
EBIT growth 3YN/A
EBIT growth 5Y-6.58%
EBIT Next Year79.43%
EBIT Next 3Y25.88%
EBIT Next 5Y20.2%
FCF growth 1Y196.76%
FCF growth 3YN/A
FCF growth 5Y-3.76%
OCF growth 1Y110.99%
OCF growth 3Y497.77%
OCF growth 5Y1.07%