LAS VEGAS SANDS CORP (LVS) Stock Fundamental Analysis
NYSE:LVS - US5178341070 - Common Stock
55.05 USD
+1.54 (+2.88%)
55.05 USD
0 (0%)
Taking everything into account, LVS scores 4 out of 10 in our fundamental rating. LVS was compared to 131 industry peers in the Hotels, Restaurants & Leisure industry. LVS has only an average score on both its financial health and profitability. LVS does not seem to be growing, but still is valued expensively.
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.
In multiple years LVS reported negative operating cash flow during the last 5 years.
1.2 Ratios
With a decent Return On Assets value of 6.46%, LVS is doing good in the industry, outperforming 76.34% of the companies in the same industry.
The Return On Equity of LVS (70.92%) is better than 96.18% of its industry peers.
LVS's Return On Invested Capital of 11.68% is fine compared to the rest of the industry. LVS outperforms 77.86% 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
With an excellent Profit Margin value of 12.16%, LVS belongs to the best of the industry, outperforming 80.15% of the companies in the same industry.
LVS's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 21.70%, LVS belongs to the top 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.
LVS's Gross Margin of 46.98% is in line compared to the rest of the industry. LVS outperforms 48.85% of 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
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.
Compared to 5 years ago, LVS has less shares outstanding
The debt/assets ratio for LVS is higher compared to a year ago.
2.2 Solvency
LVS has an Altman-Z score of 2.35. 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 2.35 is fine compared to the rest of the industry. LVS outperforms 60.31% of its industry peers.
LVS has a debt to FCF ratio of 28.82. This is a negative value and a sign of low solvency as LVS would need 28.82 years to pay back of all of its debts.
LVS has a Debt to FCF ratio (28.82) which is comparable to the rest of the industry.
LVS has a Debt/Equity ratio of 7.48. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of LVS (7.48) is worse than 64.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.48 | ||
| Debt/FCF | 28.82 | ||
| Altman-Z | 2.35 |
ROIC/WACC1.33
WACC8.8%
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.
With a decent Current ratio value of 1.22, LVS is doing good in the industry, outperforming 61.83% of the companies in the same industry.
A Quick Ratio of 1.21 indicates that LVS should not have too much problems paying its short term obligations.
The Quick ratio of LVS (1.21) is better than 64.89% 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%.
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 small growth in Revenue. In the last year, the Revenue has grown by 1.62%.
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)-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
LVS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.43% yearly.
Based on estimates for the next years, LVS will show a small growth in Revenue. The Revenue will grow by 6.49% on average per year.
EPS Next Y17.97%
EPS Next 2Y13.45%
EPS Next 3Y12.8%
EPS Next 5Y17.43%
Revenue Next Year8.09%
Revenue Next 2Y6.46%
Revenue Next 3Y5.64%
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.
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
With a Price/Earnings ratio of 23.33, LVS is valued on the expensive side.
LVS's Price/Earnings ratio is a bit cheaper when compared to the industry. LVS is cheaper than 64.89% of the companies in the same industry.
When comparing the Price/Earnings ratio of LVS to the average of the S&P500 Index (27.24), we can say LVS is valued inline with the index average.
With a Price/Forward Earnings ratio of 18.76, LVS is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of LVS indicates a somewhat cheap valuation: LVS is cheaper than 64.12% of the companies listed in the same industry.
LVS's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.81.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.33 | ||
| Fwd PE | 18.76 |
4.2 Price Multiples
LVS's Enterprise Value to EBITDA ratio is in line with the industry average.
LVS's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 68.83 | ||
| EV/EBITDA | 12.57 |
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 12.80% in the coming years.
PEG (NY)1.3
PEG (5Y)N/A
EPS Next 2Y13.45%
EPS Next 3Y12.8%
5. Dividend
5.1 Amount
LVS has a Yearly Dividend Yield of 1.87%.
LVS's Dividend Yield is a higher than the industry average which is at 4.19.
Compared to the average S&P500 Dividend Yield of 2.34, LVS is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
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
50.71% of the earnings are spent on dividend by LVS. This is a bit on the high side, but may be sustainable.
DP50.71%
EPS Next 2Y13.45%
EPS Next 3Y12.8%
55.05
+1.54 (+2.88%)
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 Change0.03%
Market Cap37.79B
Analysts79.13
Price Target59.43 (7.96%)
Short Float %4.78%
Short Ratio3.01
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
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)10.1%
PT rev (3m)12.92%
EPS NQ rev (1m)1.81%
EPS NQ rev (3m)-9.56%
EPS NY rev (1m)11.44%
EPS NY rev (3m)11.34%
Revenue NQ rev (1m)2%
Revenue NQ rev (3m)-2.05%
Revenue NY rev (1m)3.69%
Revenue NY rev (3m)3.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.33 | ||
| Fwd PE | 18.76 | ||
| P/S | 3.25 | ||
| P/FCF | 68.83 | ||
| P/OCF | 15.88 | ||
| P/B | 18.98 | ||
| P/tB | 27.99 | ||
| EV/EBITDA | 12.57 |
EPS(TTM)2.36
EY4.29%
EPS(NY)2.93
Fwd EY5.33%
FCF(TTM)0.8
FCFY1.45%
OCF(TTM)3.47
OCFY6.3%
SpS16.92
BVpS2.9
TBVpS1.97
PEG (NY)1.3
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 | 2.35 |
F-Score4
WACC8.8%
ROIC/WACC1.33
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 Year8.09%
Revenue Next 2Y6.46%
Revenue Next 3Y5.64%
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%