Las Vegas Sands
Market Cap
US$52.0b
Last Updated
2020/02/18 00:09 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
PE ratio (19.5x) is below the Hospitality industry average (24.2x)
Risk Analysis
Earnings are forecast to decline by an average of -0.2% per year for the next 3 years
Snowflake Analysis
Solid track record average dividend payer.
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
-1.1%
LVS
1.0%
US Hospitality
0.9%
US Market
1 Year Return
11.3%
LVS
7.3%
US Hospitality
20.0%
US Market
Return vs Industry: LVS exceeded the US Hospitality industry which returned 8.1% over the past year.
Return vs Market: LVS underperformed the US Market which returned 20.1% over the past year.
Shareholder returns
| LVS | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.1% | 1.0% | 0.9% |
| 30 Day | -8.1% | -4.9% | 1.4% |
| 90 Day | 12.2% | 6.6% | 8.8% |
| 1 Year | 17.1%11.3% | 10.0%7.3% | 22.5%20.0% |
| 3 Year | 50.7%30.8% | 35.2%26.2% | 49.9%40.3% |
| 5 Year | 55.6%21.2% | 47.6%32.1% | 73.2%54.1% |
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
6 days ago | Simply Wall St
Estimating The Intrinsic Value Of Las Vegas Sands Corp. (NYSE:LVS)2 weeks ago | Simply Wall St
Las Vegas Sands Corp. Just Reported Annual Earnings: Have Analysts Changed Their Mind On The Stock?2 weeks ago | Simply Wall St
With EPS Growth And More, Las Vegas Sands (NYSE:LVS) Is InterestingValuation
Is Las Vegas Sands undervalued compared to its fair value and its price relative to the market?
19.45x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: LVS ($68.07) is trading above our estimate of fair value ($62.15)
Significantly Below Fair Value: LVS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LVS is good value based on its PE Ratio (19.5x) compared to the Hospitality industry average (24.2x).
PE vs Market: LVS is poor value based on its PE Ratio (19.5x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: LVS's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: LVS is overvalued based on its PB Ratio (10x) compared to the US Hospitality industry average (2.2x).
Next Steps
Future Growth
How is Las Vegas Sands forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
-0.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LVS's earnings are forecast to decline over the next 3 years (-0.2% per year).
Earnings vs Market: LVS's earnings are forecast to decline over the next 3 years (-0.2% per year).
High Growth Earnings: LVS's earnings are forecast to decline over the next 3 years.
Revenue vs Market: LVS's revenue (4.4% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: LVS's revenue (4.4% per year) is forecast to grow slower 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 (38.3%)
Next Steps
Past Performance
How has Las Vegas Sands performed over the past 5 years?
3.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LVS has high quality earnings.
Growing Profit Margin: LVS's current net profit margins (19.6%) are higher than last year (17.6%).
Past Earnings Growth Analysis
Earnings Trend: LVS's earnings have grown by 3.2% per year over the past 5 years.
Accelerating Growth: LVS's earnings growth over the past year (11.8%) exceeds its 5-year average (3.2% per year).
Earnings vs Industry: LVS earnings growth over the past year (11.8%) exceeded the Hospitality industry -9.8%.
Return on Equity
High ROE: Whilst LVS's Return on Equity (50.78%) is outstanding, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Las Vegas Sands's financial position?
Financial Position Analysis
Short Term Liabilities: LVS's short term assets ($5.3B) exceed its short term liabilities ($3.2B).
Long Term Liabilities: LVS's short term assets ($5.3B) do not cover its long term liabilities ($13.5B).
Debt to Equity History and Analysis
Debt Level: LVS's debt to equity ratio (191.7%) is considered high.
Reducing Debt: LVS's debt to equity ratio has increased from 110.7% to 191.7% over the past 5 years.
Debt Coverage: LVS's debt is well covered by operating cash flow (24.4%).
Interest Coverage: LVS's interest payments on its debt are well covered by EBIT (7.9x coverage).
Balance Sheet
Inventory Level: LVS has a high level of physical assets or inventory.
Debt Coverage by Assets: LVS's debt is not covered by short term assets (assets are 0.4x debt).
Next Steps
Dividend
What is Las Vegas Sands's current dividend yield, its reliability and sustainability?
4.64%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Las Vegas Sands before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: LVS's dividend (4.64%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: LVS's dividend (4.64%) is in the top 25% of dividend payers in the US market (3.69%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, LVS has been paying a dividend for less than 10 years.
Growing Dividend: LVS's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (88%), LVS's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LVS's dividends in 3 years are forecast to be covered by earnings (80.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.1yrs
Average management tenure
CEO
Sheldon Adelson (85yo)
15.5yrs
Tenure
US$24,012,913
Compensation
Mr. Sheldon Gary Adelson has been the Chief Executive Officer of Sands China Ltd., since March 6, 2015. Mr. Adelson has been the Chief Executive Officer of Las Vegas Sands Corp. since August 2004. He is th ...
CEO Compensation Analysis
Compensation vs Market: Sheldon's total compensation ($USD24.01M) is above average for companies of similar size in the US market ($USD10.78M).
Compensation vs Earnings: Sheldon's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 15.5yrs | US$24.01m | 50.31% $26.2b | |
| President | 5.1yrs | US$24.67m | 0.018% $9.3m | |
| Executive VP | 2.8yrs | US$2.41m | 0.036% $18.7m | |
| Senior VP & Chief Accounting Officer | 3.9yrs | no data | no data | |
| Senior Vice President of Investor Relations | 8.1yrs | no data | no data | |
| Senior Vice President of Public Relations | 0yrs | no data | no data | |
| Executive Vice President of Global Retail | 0yrs | no data | no data | |
| Senior Vice President of Global Gaming Strategy | 6.5yrs | no data | no data | |
| CEO & President - Marina Bay Sands Pte Ltd & MD of Global Development - Las Vegas Sands Corp | 8.6yrs | US$2.03m | no data | |
| President of Sands Bethlehem | 5.8yrs | no data | no data |
6.1yrs
Average Tenure
58yo
Average Age
Experienced Management: LVS's management team is seasoned and experienced (6.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 15.5yrs | US$24.01m | 50.31% $26.2b | |
| President | 5.1yrs | US$24.67m | 0.018% $9.3m | |
| Executive VP | 2.8yrs | US$2.41m | 0.036% $18.7m | |
| Independent Director | 8.3yrs | US$249.80k | 0.0020% $1.0m | |
| Director | 15yrs | US$212.80k | 0.010% $5.3m | |
| Independent Director | 5.3yrs | US$230.05k | 0.0011% $571.8k | |
| Independent Director | 2.8yrs | US$241.80k | 0.00058% $301.5k | |
| Director | 15.5yrs | US$212.80k | 0.027% $14.3m | |
| Independent Director | 5.7yrs | US$242.30k | 0.0014% $707.0k | |
| Independent Director | 5.1yrs | US$240.80k | 0.0011% $571.8k |
5.5yrs
Average Tenure
71.5yo
Average Age
Experienced Board: LVS's board of directors are considered experienced (5.5 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$51.983b
- Shares outstanding: 763.67m
- 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 Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People’s Republic of China; and iconic Marina Bay Sands in Singapore. The company also owns and operates The Venetian Resort Hotel Casino on the Las Vegas Strip; the Sands Expo and Convention Center in Las Vegas, Nevada; and the Sands Casino Resort Bethlehem in Bethlehem, Pennsylvania. Its integrated resorts feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants, and other amenities. Las Vegas Sands Corp. was founded in 1988 and is based in Las Vegas, Nevada.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/18 00:09 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/12/31 |
| 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.