Las Vegas Sands
Market Cap
US$34.5b
Last Updated
2020/08/07 01:07 UTC
Data Sources
Company Financials +
Executive Summary
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States.
Rewards
Risk Analysis
Snowflake Analysis
Exceptional growth potential and slightly overvalued.
Similar Companies
Share Price & News
How has Las Vegas Sands's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LVS has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
3.6%
LVS
3.8%
US Hospitality
3.0%
US Market
1 Year Return
-16.2%
LVS
-26.4%
US Hospitality
15.8%
US Market
Return vs Industry: LVS exceeded the US Hospitality industry which returned -27.9% over the past year.
Return vs Market: LVS underperformed the US Market which returned 15.4% over the past year.
Shareholder returns
| LVS | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.6% | 3.8% | 3.0% |
| 30 Day | -0.9% | 4.3% | 6.0% |
| 90 Day | -11.2% | 11.9% | 16.4% |
| 1 Year | -12.4%-16.2% | -24.8%-26.4% | 18.4%15.8% |
| 3 Year | -13.0%-24.2% | -17.2%-22.8% | 44.8%35.4% |
| 5 Year | 10.2%-13.7% | -1.1%-11.7% | 75.7%56.7% |
Price Volatility Vs. Market
How volatile is Las Vegas Sands's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Las Vegas Sands Corp. (NYSE:LVS) Analysts Are More Bearish Than They Used To Be1 week ago | Simply Wall St
Is Las Vegas Sands (NYSE:LVS) A Risky Investment?3 weeks ago | Simply Wall St
Is Now An Opportune Moment To Examine Las Vegas Sands Corp. (NYSE:LVS)?Valuation
Is Las Vegas Sands undervalued compared to its fair value and its price relative to the market?
35.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LVS ($45.22) is trading below our estimate of fair value ($70.55)
Significantly Below Fair Value: LVS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: LVS is poor value based on its PE Ratio (101.6x) compared to the US Hospitality industry average (24.1x).
PE vs Market: LVS is poor value based on its PE Ratio (101.6x) compared to the US market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: LVS is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: LVS is overvalued based on its PB Ratio (9.3x) compared to the US Hospitality industry average (1.7x).
Next Steps
Future Growth
How is Las Vegas Sands forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
85.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LVS's forecast earnings growth (85% per year) is above the savings rate (2.2%).
Earnings vs Market: LVS's earnings (85% per year) are forecast to grow faster than the US market (22.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: LVS's revenue (32.4% per year) is forecast to grow faster than the US market (9.4% per year).
High Growth Revenue: LVS's revenue (32.4% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LVS's Return on Equity is forecast to be high in 3 years time (37.4%)
Next Steps
Past Performance
How has Las Vegas Sands performed over the past 5 years?
0.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LVS has high quality earnings.
Growing Profit Margin: LVS's current net profit margins (3.9%) are lower than last year (14%).
Past Earnings Growth Analysis
Earnings Trend: LVS's earnings have grown by 0.2% per year over the past 5 years.
Accelerating Growth: LVS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LVS had negative earnings growth (-82.4%) over the past year, making it difficult to compare to the Hospitality industry average (-44.7%).
Return on Equity
High ROE: LVS's Return on Equity (9.2%) is considered low.
Next Steps
Financial Health
How is Las Vegas Sands's financial position?
Financial Position Analysis
Short Term Liabilities: LVS's short term assets ($3.8B) exceed its short term liabilities ($2.4B).
Long Term Liabilities: LVS's short term assets ($3.8B) do not cover its long term liabilities ($14.8B).
Debt to Equity History and Analysis
Debt Level: LVS's debt to equity ratio (304.5%) is considered high.
Reducing Debt: LVS's debt to equity ratio has increased from 115.8% to 304.5% over the past 5 years.
Debt Coverage: LVS's debt is not well covered by operating cash flow (8.1%).
Interest Coverage: LVS's interest payments on its debt are not well covered by EBIT (2.3x coverage).
Balance Sheet
Next Steps
Dividend
What is Las Vegas Sands's current dividend yield, its reliability and sustainability?
4.11%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate LVS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate LVS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if LVS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LVS's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: LVS is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of LVS's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.3yrs
Average management tenure
CEO
Sheldon Adelson (86 yo)
16yrs
Tenure
US$24,680,118
Compensation
Mr. Sheldon Gary Adelson is Founder and has been the Chief Executive Officer of Sands China Ltd., since March 6, 2015. Mr. Adelson has been the Chief Executive Officer of Las Vegas Sands Corp. since August ...
CEO Compensation Analysis
Compensation vs Market: Sheldon's total compensation ($USD24.68M) is above average for companies of similar size in the US market ($USD11.29M).
Compensation vs Earnings: Sheldon's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 16yrs | US$24.68m | 50.36% $ 17.4b | |
| President | 5.58yrs | US$8.33m | 0.018% $ 6.2m | |
| Executive VP | 3.33yrs | US$2.41m | 0.036% $ 12.4m | |
| Executive VP | 0.92yr | US$2.05m | no data | |
| Senior VP & Chief Accounting Officer | 4.42yrs | no data | no data | |
| Senior Vice President of Investor Relations | 8.58yrs | no data | no data | |
| Senior Vice President of Public Relations | no data | no data | no data | |
| Executive Vice President of Global Retail | no data | no data | no data | |
| Senior Vice President of Global Gaming Strategy | 7yrs | no data | no data | |
| President of Sands Bethlehem | 6.25yrs | no data | no data | |
| Vice President of Corporate Accounting | no data | no data | no data | |
| 9.75yrs | US$10.47k | no data |
6.3yrs
Average Tenure
56yo
Average Age
Experienced Management: LVS's management team is seasoned and experienced (6.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 16yrs | US$24.68m | 50.36% $ 17.4b | |
| President | 5.58yrs | US$8.33m | 0.018% $ 6.2m | |
| Executive VP | 3.33yrs | US$2.41m | 0.036% $ 12.4m | |
| Independent Director | 8.83yrs | US$270.68k | 0.0023% $ 787.5k | |
| Director | 15.5yrs | US$233.68k | 0.011% $ 3.6m | |
| Independent Director | 5.83yrs | US$257.92k | 0.0014% $ 476.6k | |
| Independent Director | 3.33yrs | US$268.92k | 0.00086% $ 297.0k | |
| Director | 16yrs | US$233.68k | 0.028% $ 9.6m | |
| Independent Director | 6.17yrs | US$268.80k | 0.0016% $ 566.4k | |
| Independent Director | 0.92yr | US$152.50k | 0.00029% $ 100.2k | |
| Independent Director | 5.58yrs | US$266.80k | 0.0014% $ 476.6k |
5.8yrs
Average Tenure
72yo
Average Age
Experienced Board: LVS's board of directors are considered experienced (5.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Las Vegas Sands Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Las Vegas Sands Corp.
- Ticker: LVS
- Exchange: NYSE
- Founded: 1988
- Industry: Casinos and Gaming
- Sector: Consumer Services
- Market Cap: US$34.538b
- Shares outstanding: 763.78m
- Website: https://www.sands.com
Number of Employees
Location
- Las Vegas Sands Corp.
- 3355 Las Vegas Boulevard South
- Las Vegas
- Nevada
- 89109
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| LVS | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Dec 2004 |
| LCR | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Dec 2004 |
| LCR | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | Dec 2004 |
| LVS * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Dec 2004 |
| LVS | SWX (SIX Swiss Exchange) | Yes | Common Stock | CH | CHF | Dec 2004 |
| 0QY4 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Dec 2004 |
| LVSC | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Dec 2004 |
| LVS | BASE (Buenos Aires Stock Exchange) | CEDEAR (EACH 1 REP 1 ORD) | AR | ARS | Dec 2012 |
Biography
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai C ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/07 01:07 |
| End of Day Share Price | 2020/08/06 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.