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 134 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
In the past year LVS was profitable.
In the past year LVS had a positive cash flow from operations.
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
The Return On Assets of LVS (6.14%) is better than 74.63% of its industry peers.
LVS's Return On Equity of 48.31% is amongst the best of the industry. LVS outperforms 94.03% of its industry peers.
LVS has a better Return On Invested Capital (13.25%) than 79.85% 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
Looking at the Profit Margin, with a value of 11.64%, LVS is in the better half of the industry, outperforming 79.10% of the companies in the same industry.
LVS's Profit Margin has declined in the last couple of years.
The Operating Margin of LVS (20.86%) is better than 80.60% of its industry peers.
In the last couple of years the Operating Margin of LVS has declined.
Looking at the Gross Margin, with a value of 46.09%, LVS is in line with its industry, outperforming 45.52% of the companies in the same industry.
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 | 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so LVS is still creating some value.
LVS has less shares outstanding than it did 1 year ago.
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
LVS has an Altman-Z score of 1.96. 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 has a Altman-Z score of 1.96. This is comparable to the rest of the industry: LVS outperforms 59.70% of 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's Debt to FCF ratio of 11.72 is in line compared to the rest of the industry. LVS outperforms 57.46% 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.
The Debt to Equity ratio of LVS (4.02) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.02 | ||
| Debt/FCF | 11.72 | ||
| Altman-Z | 1.96 |
ROIC/WACC1.78
WACC7.45%
2.3 Liquidity
LVS has a Current 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.
LVS has a worse Current ratio (0.59) than 70.15% 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 65.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.59 | ||
| Quick Ratio | 0.59 |
3. Growth
3.1 Past
The earnings per share for LVS have decreased by -9.01% in the last year.
The Earnings Per Share has been decreasing by -6.90% on average over the past years.
The Revenue has decreased by -0.09% in the past year.
The Revenue has been decreasing by -1.41% on average over the past years.
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
The Earnings Per Share is expected to grow by 16.53% on average over the next years. This is quite good.
The Revenue is expected to grow by 6.13% on average over the next years.
EPS Next Y5.95%
EPS Next 2Y10.17%
EPS Next 3Y9.94%
EPS Next 5Y16.53%
Revenue Next Year4.27%
Revenue Next 2Y5.14%
Revenue Next 3Y5.07%
Revenue Next 5Y6.13%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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 20.19, which indicates a rather expensive current valuation of LVS.
Based on the Price/Earnings ratio, LVS is valued a bit cheaper than the industry average as 70.15% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.57. LVS is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 15.47, the valuation of LVS can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of LVS indicates a somewhat cheap valuation: LVS is cheaper than 69.40% 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 (22.41), we can say LVS is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.19 | ||
| Fwd PE | 15.47 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LVS indicates a somewhat cheap valuation: LVS is cheaper than 60.45% of the companies listed in the same industry.
LVS's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. LVS is cheaper than 68.66% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.59 | ||
| EV/EBITDA | 10.96 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates LVS does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)3.39
PEG (5Y)N/A
EPS Next 2Y10.17%
EPS Next 3Y9.94%
5. Dividend
5.1 Amount
LVS has a Yearly Dividend Yield of 2.39%.
LVS's Dividend Yield is rather good when compared to the industry average which is at 3.59. LVS pays more dividend than 81.34% of the companies in the same industry.
LVS's Dividend Yield is comparable with the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.39% |
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.
LVS has decreased its dividend recently.
Dividend Growth(5Y)-26.75%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
47.39% of the earnings are spent on dividend by LVS. This is a bit on the high side, but may be sustainable.
DP47.39%
EPS Next 2Y10.17%
EPS Next 3Y9.94%
42.81
+2.48 (+6.15%)
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 Cap30.25B
Analysts79.09
Price Target52.16 (21.84%)
Short Float %5.23%
Short Ratio2.6
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.39% |
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)-0.9%
PT rev (3m)-11.66%
EPS NQ rev (1m)-0.27%
EPS NQ rev (3m)-12.77%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.29%
Revenue NQ rev (1m)-0.04%
Revenue NQ rev (3m)-4.58%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)-3.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.19 | ||
| Fwd PE | 15.47 | ||
| P/S | 2.7 | ||
| P/FCF | 25.59 | ||
| P/OCF | 10.03 | ||
| P/B | 11.21 | ||
| P/tB | 14.84 | ||
| EV/EBITDA | 10.96 |
EPS(TTM)2.12
EY4.95%
EPS(NY)2.77
Fwd EY6.46%
FCF(TTM)1.67
FCFY3.91%
OCF(TTM)4.27
OCFY9.97%
SpS15.85
BVpS3.82
TBVpS2.89
PEG (NY)3.39
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 | 1.96 |
F-Score5
WACC7.45%
ROIC/WACC1.78
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 Y5.95%
EPS Next 2Y10.17%
EPS Next 3Y9.94%
EPS Next 5Y16.53%
Revenue 1Y (TTM)-0.09%
Revenue growth 3Y38.7%
Revenue growth 5Y-1.41%
Sales Q2Q%-3.28%
Revenue Next Year4.27%
Revenue Next 2Y5.14%
Revenue Next 3Y5.07%
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%