LAS VEGAS SANDS CORP (LVS) Stock Fundamental Analysis
USA - NYSE:LVS - US5178341070 - Common Stock
49.61 USD
-2.25 (-4.34%)
49.13 USD
-0.48 (-0.97%)
Overall LVS gets a fundamental rating of 4 out of 10. We evaluated LVS against 135 industry peers in the Hotels, Restaurants & Leisure industry. LVS has an average financial health and profitability rating. 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.
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
Looking at the Return On Assets, with a value of 6.46%, LVS is in the better half of the industry, outperforming 74.81% of the companies in the same industry.
LVS has a Return On Equity of 70.92%. This is amongst the best in the industry. LVS outperforms 95.56% of its industry peers.
Looking at the Return On Invested Capital, with a value of 11.68%, LVS is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
| 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
LVS has a better Profit Margin (12.16%) than 80.00% 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 82.96% 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 49.63% 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) | 12.16% | ||
| 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.
The number of shares outstanding for LVS has been reduced compared to 1 year ago.
The number of shares outstanding for LVS has been reduced compared to 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 2.23. 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.
With a decent Altman-Z score value of 2.23, LVS is doing good in the industry, outperforming 60.74% 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.
The Debt to FCF ratio of LVS (28.82) 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.
LVS has a worse Debt to Equity ratio (7.48) than 64.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.48 | ||
| Debt/FCF | 28.82 | ||
| Altman-Z | 2.23 |
ROIC/WACC1.53
WACC7.64%
2.3 Liquidity
A Current Ratio of 1.22 indicates that LVS should not have too much problems paying its short term obligations.
The Current ratio of LVS (1.22) is better than 61.48% of its industry peers.
LVS has a Quick Ratio of 1.21. This is a normal value and indicates that LVS is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of LVS (1.21) is better than 64.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.22 | ||
| Quick Ratio | 1.21 |
3. Growth
3.1 Past
The earnings per share for LVS have decreased by -2.48% in the last year.
The Earnings Per Share has been decreasing by -6.90% on average over the past years.
The Revenue has been growing slightly by 1.62% 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)-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
The Earnings Per Share is expected to grow by 17.43% on average over the next years. This is quite good.
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 Y18.14%
EPS Next 2Y13.51%
EPS Next 3Y12.79%
EPS Next 5Y17.43%
Revenue Next Year8.3%
Revenue Next 2Y6.6%
Revenue Next 3Y5.74%
Revenue Next 5Y6.49%
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
With a Price/Earnings ratio of 21.02, LVS is valued on the expensive side.
Based on the Price/Earnings ratio, LVS is valued a bit cheaper than 67.41% of the companies in the same industry.
LVS's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.02.
The Price/Forward Earnings ratio is 16.89, which indicates a correct valuation of LVS.
65.93% of the companies in the same industry are more expensive than LVS, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.57. LVS is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.02 | ||
| Fwd PE | 16.89 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as LVS.
LVS's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 62.03 | ||
| EV/EBITDA | 11.63 |
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 12.79% in the coming years.
PEG (NY)1.16
PEG (5Y)N/A
EPS Next 2Y13.51%
EPS Next 3Y12.79%
5. Dividend
5.1 Amount
LVS has a Yearly Dividend Yield of 1.93%. Purely for dividend investing, there may be better candidates out there.
LVS's Dividend Yield is a higher than the industry average which is at 7.00.
LVS's Dividend Yield is slightly below the S&P500 average, which is at 2.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.93% |
5.2 History
The dividend of LVS decreases each year by -26.75%.
LVS has paid a dividend for at least 10 years, which is 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 50.71% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP50.71%
EPS Next 2Y13.51%
EPS Next 3Y12.79%
49.61
-2.25 (-4.34%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners45.68%
Inst Owner Change0%
Ins Owners26.07%
Ins Owner Change0%
Market Cap34.05B
Analysts79.13
Price Target61.05 (23.06%)
Short Float %4.43%
Short Ratio2.64
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.93% |
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)1.7%
PT rev (3m)16.41%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.85%
EPS NY rev (1m)0.15%
EPS NY rev (3m)11.6%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.77%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)3.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.02 | ||
| Fwd PE | 16.89 | ||
| P/S | 2.93 | ||
| P/FCF | 62.03 | ||
| P/OCF | 14.31 | ||
| P/B | 17.1 | ||
| P/tB | 25.23 | ||
| EV/EBITDA | 11.63 |
EPS(TTM)2.36
EY4.76%
EPS(NY)2.94
Fwd EY5.92%
FCF(TTM)0.8
FCFY1.61%
OCF(TTM)3.47
OCFY6.99%
SpS16.92
BVpS2.9
TBVpS1.97
PEG (NY)1.16
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 | 2.23 |
F-Score4
WACC7.64%
ROIC/WACC1.53
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 Y18.14%
EPS Next 2Y13.51%
EPS Next 3Y12.79%
EPS Next 5Y17.43%
Revenue 1Y (TTM)1.62%
Revenue growth 3Y38.7%
Revenue growth 5Y-1.41%
Sales Q2Q%14.99%
Revenue Next Year8.3%
Revenue Next 2Y6.6%
Revenue Next 3Y5.74%
Revenue Next 5Y6.49%
EBIT growth 1Y-8.16%
EBIT growth 3YN/A
EBIT growth 5Y-6.58%
EBIT Next Year79.24%
EBIT Next 3Y25.81%
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%