LAS VEGAS SANDS CORP (LVS) Stock Fundamental Analysis
NYSE:LVS - New York Stock Exchange, Inc. - US5178341070 - Common Stock - Currency: USD
LVS gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 136 industry peers in the Hotels, Restaurants & Leisure industry. Both the profitability and the financial health of LVS get a neutral evaluation. Nothing too spectacular is happening here. LVS has a valuation in line with the averages, but on the other hand it scores bad on growth.
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.
In multiple years LVS reported negative net income over the last 5 years.
In multiple years LVS reported negative operating cash flow during the last 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 7.00%, LVS is in the better half of the industry, outperforming 76.47% of the companies in the same industry.
The Return On Equity of LVS (50.14%) is better than 94.85% of its industry peers.
With an excellent Return On Invested Capital value of 14.02%, LVS belongs to the best of the industry, outperforming 82.35% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7% | ||
| ROE | 50.14% | ||
| ROIC | 14.02% |
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
LVS's Profit Margin of 12.80% is amongst the best of the industry. LVS outperforms 80.88% of its industry peers.
In the last couple of years the Profit Margin of LVS has declined.
With an excellent Operating Margin value of 21.70%, LVS belongs to the best of the industry, outperforming 82.35% of the companies in the same industry.
In the last couple of years the Operating Margin of LVS has declined.
LVS's Gross Margin of 48.87% is in line compared to the rest of the industry. LVS outperforms 54.41% of its industry peers.
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 | 21.7% | ||
| PM (TTM) | 12.8% | ||
| GM | 48.87% |
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
LVS has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for LVS has been reduced compared to 1 year ago.
Compared to 5 years ago, LVS has less shares outstanding
Compared to 1 year ago, LVS has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 1.96 indicates that LVS is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of LVS (1.96) is better than 60.29% of its industry peers.
The Debt to FCF ratio of LVS is 8.47, which is on the high side as it means it would take LVS, 8.47 years of fcf income to pay off all of its debts.
LVS's Debt to FCF ratio of 8.47 is fine compared to the rest of the industry. LVS outperforms 63.97% of its industry peers.
A Debt/Equity ratio of 3.67 is on the high side and indicates that LVS has dependencies on debt financing.
With a Debt to Equity ratio value of 3.67, LVS perfoms like the industry average, outperforming 45.59% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.67 | ||
| Debt/FCF | 8.47 | ||
| Altman-Z | 1.96 |
ROIC/WACC1.68
WACC8.33%
2.3 Liquidity
A Current Ratio of 0.74 indicates that LVS may have some problems paying its short term obligations.
LVS has a Current ratio (0.74) which is in line with its industry peers.
A Quick Ratio of 0.73 indicates that LVS may have some problems paying its short term obligations.
LVS has a Quick ratio (0.73) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.74 | ||
| Quick Ratio | 0.73 |
3. Growth
3.1 Past
The earnings per share for LVS have decreased by -9.01% in the last year.
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 decreased by -0.09% in the past year.
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
The Earnings Per Share is expected to grow by 15.70% on average over the next years. This is quite good.
LVS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.34% yearly.
EPS Next Y14.28%
EPS Next 2Y14.22%
EPS Next 3Y13.61%
EPS Next 5Y15.7%
Revenue Next Year7.16%
Revenue Next 2Y6.57%
Revenue Next 3Y6.4%
Revenue Next 5Y6.34%
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 17.36, which indicates a rather expensive current valuation of LVS.
Compared to the rest of the industry, the Price/Earnings ratio of LVS indicates a somewhat cheap valuation: LVS is cheaper than 71.32% of the companies listed in the same industry.
LVS is valuated rather cheaply when we compare the Price/Earnings ratio to 27.85, which is the current average of the S&P500 Index.
LVS is valuated correctly with a Price/Forward Earnings ratio of 12.38.
Based on the Price/Forward Earnings ratio, LVS is valued cheaply inside the industry as 81.62% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 20.77. LVS is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.36 | ||
| Fwd PE | 12.38 |
4.2 Price Multiples
LVS's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. LVS is cheaper than 66.91% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of LVS indicates a somewhat cheap valuation: LVS is cheaper than 79.41% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.02 | ||
| EV/EBITDA | 9.43 |
4.3 Compensation for Growth
The 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)1.22
PEG (5Y)N/A
EPS Next 2Y14.22%
EPS Next 3Y13.61%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.73%, LVS has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.85, LVS pays a better dividend. On top of this LVS pays more dividend than 83.09% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.45, LVS has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.73% |
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
LVS pays out 40.80% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP40.8%
EPS Next 2Y14.22%
EPS Next 3Y13.61%
36.81
+0.14 (+0.38%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners48.79%
Inst Owner Change0.13%
Ins Owners23.04%
Ins Owner Change0.11%
Market Cap26.01B
Analysts79.17
Price Target55.51 (50.8%)
Short Float %6.12%
Short Ratio3.15
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.73% |
Yearly Dividend0.8
Dividend Growth(5Y)-26.75%
DP40.8%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-13.15%
Min EPS beat(2)-18.44%
Max EPS beat(2)-7.85%
EPS beat(4)1
Avg EPS beat(4)-2.36%
Min EPS beat(4)-18.44%
Max EPS beat(4)20.22%
EPS beat(8)4
Avg EPS beat(8)3.44%
EPS beat(12)4
Avg EPS beat(12)-15.3%
EPS beat(16)6
Avg EPS beat(16)-21.81%
Revenue beat(2)0
Avg Revenue beat(2)-2.33%
Min Revenue beat(2)-4.52%
Max Revenue beat(2)-0.14%
Revenue beat(4)0
Avg Revenue beat(4)-1.88%
Min Revenue beat(4)-4.52%
Max Revenue beat(4)-0.14%
Revenue beat(8)3
Avg Revenue beat(8)1.53%
Revenue beat(12)5
Avg Revenue beat(12)-0.41%
Revenue beat(16)5
Avg Revenue beat(16)-4.48%
PT rev (1m)-6%
PT rev (3m)-8.2%
EPS NQ rev (1m)-1.51%
EPS NQ rev (3m)-7.55%
EPS NY rev (1m)-0.66%
EPS NY rev (3m)-6.51%
Revenue NQ rev (1m)-1.07%
Revenue NQ rev (3m)-3.15%
Revenue NY rev (1m)-1.23%
Revenue NY rev (3m)-2.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.36 | ||
| Fwd PE | 12.38 | ||
| P/S | 2.3 | ||
| P/FCF | 16.02 | ||
| P/OCF | 8.12 | ||
| P/B | 9.02 | ||
| P/tB | 11.12 | ||
| EV/EBITDA | 9.43 |
EPS(TTM)2.12
EY5.76%
EPS(NY)2.97
Fwd EY8.08%
FCF(TTM)2.3
FCFY6.24%
OCF(TTM)4.53
OCFY12.32%
SpS15.99
BVpS4.08
TBVpS3.31
PEG (NY)1.22
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7% | ||
| ROE | 50.14% | ||
| ROCE | 16.5% | ||
| ROIC | 14.02% | ||
| ROICexc | 18.58% | ||
| ROICexgc | 19.53% | ||
| OM | 21.7% | ||
| PM (TTM) | 12.8% | ||
| GM | 48.87% | ||
| FCFM | 14.37% |
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-Score7
Asset Turnover0.55
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.67 | ||
| Debt/FCF | 8.47 | ||
| Debt/EBITDA | 2.77 | ||
| Cap/Depr | 115.5% | ||
| Cap/Sales | 13.98% | ||
| Interest Coverage | 3.77 | ||
| Cash Conversion | 83.87% | ||
| Profit Quality | 112.31% | ||
| Current Ratio | 0.74 | ||
| Quick Ratio | 0.73 | ||
| Altman-Z | 1.96 |
F-Score7
WACC8.33%
ROIC/WACC1.68
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 Y14.28%
EPS Next 2Y14.22%
EPS Next 3Y13.61%
EPS Next 5Y15.7%
Revenue 1Y (TTM)-0.09%
Revenue growth 3Y38.7%
Revenue growth 5Y-1.41%
Sales Q2Q%-3.28%
Revenue Next Year7.16%
Revenue Next 2Y6.57%
Revenue Next 3Y6.4%
Revenue Next 5Y6.34%
EBIT growth 1Y4.79%
EBIT growth 3YN/A
EBIT growth 5Y-6.58%
EBIT Next Year80.8%
EBIT Next 3Y27.32%
EBIT Next 5Y19.94%
FCF growth 1Y-17.56%
FCF growth 3YN/A
FCF growth 5Y-3.76%
OCF growth 1Y-0.71%
OCF growth 3Y497.77%
OCF growth 5Y1.07%