Las Vegas Sands
Market Cap
US$47.7b
Last Updated
2019/11/13 23:56 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.
Snowflake
Fundamentals
Mediocre balance sheet second-rate 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
-1.6%
LVS
0.03%
US Hospitality
0.4%
US Market
1 Year Return
18.4%
LVS
8.9%
US Hospitality
13.1%
US Market
Return vs Industry: LVS exceeded the US Hospitality industry which returned 8.9% over the past year.
Return vs Market: LVS exceeded the US Market which returned 13.1% over the past year.
Shareholder returns
| LVS | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.6% | 0.03% | 0.4% |
| 30 Day | 9.0% | 3.7% | 4.0% |
| 90 Day | 20.9% | 6.0% | 7.4% |
| 1 Year | 24.9%18.4% | 11.8%8.9% | 15.6%13.1% |
| 3 Year | 23.3%6.9% | 35.4%25.9% | 48.2%38.6% |
| 5 Year | 27.1%-0.7% | 35.5%20.9% | 62.6%44.6% |
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
2 days ago | Simply Wall St
Update: Las Vegas Sands (NYSE:LVS) Stock Gained 24% In The Last Year2 weeks ago | Simply Wall St
Las Vegas Sands Corp. Just Missed Earnings And Its EPS Looked Sad - But Analysts Have Updated Their Models3 weeks ago | Simply Wall St
We Think Las Vegas Sands (NYSE:LVS) Can Stay On Top Of Its DebtValuation
Is Las Vegas Sands undervalued compared to its fair value and its price relative to the market?
39.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LVS ($62.16) is trading below our estimate of fair value ($102.52)
Significantly Below Fair Value: LVS is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: LVS is poor value based on its PE Ratio (25.3x) compared to the Hospitality industry average (22.2x).
PE vs Market: LVS is poor value based on its PE Ratio (25.3x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: LVS is poor value based on its PEG Ratio (3.3x)
Price to Book Ratio
PB vs Industry: LVS is overvalued based on its PB Ratio (8.9x) compared to the US Hospitality industry average (2.3x).
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?
7.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LVS's forecast earnings growth (7.6% per year) is above the savings rate (2.7%).
Earnings vs Market: LVS's earnings (7.6% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: LVS's earnings are forecast to grow, but not significantly.
Revenue vs Market: LVS's revenue (4.4% per year) is forecast to grow slower than the US market (7.3% 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 very high in 3 years time (44.1%).
Next Steps
Past Performance
How has Las Vegas Sands performed over the past 5 years?
1.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LVS has high quality earnings.
Growing Profit Margin: LVS's current net profit margins (13.9%) are lower than last year (27.8%).
Past Earnings Growth Analysis
Earnings Trend: LVS's earnings have grown by 1.6% 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 (-50%) over the past year, making it difficult to compare to the Hospitality industry average (-15%).
Return on Equity
High ROE: Whilst LVS's Return on Equity (38.08%) is high, 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 ($4.8B) exceeds its short term liabilities ($3.0B)
Long Term Liabilities: LVS's short term assets (4.8B) do not cover its long term liabilities (12.9B)
Debt to Equity History and Analysis
Debt Level: LVS's debt to equity ratio (183.1%) is considered high
Reducing Debt: LVS's debt to equity ratio has increased from 112.2% to 183.1% over the past 5 years.
Debt Coverage: LVS's debt is well covered by operating cash flow (26%).
Interest Coverage: LVS's interest payments on its debt are well covered by EBIT (7.7x 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?
4.95%
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 (4.95%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: LVS's dividend (4.95%) is in the top 25% of dividend payers in the US market (3.66%)
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: With its high payout ratio (124.7%), LVS's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LVS's dividends in 3 years are forecast to be covered by earnings (83.9% payout ratio).
Next Steps
Management
What is the CEO of Las Vegas Sands's salary, the management and board of directors tenure and is there insider trading?
5.9yrs
Average management tenure
CEO
Sheldon Adelson (85yo)
15.3yrs
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 ($USD10.97M).
Compensation vs Earnings: Sheldon's compensation has been consistent with company performance over the past year.
Management Age and Tenure
5.9yrs
Average Tenure
58yo
Average Age
Experienced Management: LVS's management team is seasoned and experienced (5.9 years average tenure).
Board Age and Tenure
5.3yrs
Average Tenure
71.5yo
Average Age
Experienced Board: LVS's board of directors are considered experienced (5.3 years average tenure).
Insider Trading
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.
Management Team
Mark Juliano (64yo)
President of Sands Bethlehem
- Tenure: 5.5yrs
Rob Goldstein (63yo)
President
- Tenure: 4.8yrs
- Compensation: US$24.67m
Sheldon Adelson (85yo)
Chairman
- Tenure: 15.3yrs
- Compensation: US$24.01m
Dan Briggs
Senior Vice President of Investor Relations
- Tenure: 7.8yrs
Ron Reese
Senior Vice President of Public Relations
- Tenure: 0yrs
Patrick Dumont (44yo)
Executive VP
- Tenure: 2.6yrs
- Compensation: US$2.41m
Grant Chum
Senior Vice President of Global Gaming Strategy
- Tenure: 6.3yrs
David Sylvester (55yo)
Executive Vice President of Global Retail
- Tenure: 0yrs
George Tanasijevich (58yo)
CEO & President - Marina Bay Sands Pte Ltd & MD of Global Development - Las Vegas Sands Corp
- Tenure: 8.3yrs
- Compensation: US$2.03m
Randy Hyzak (49yo)
Senior VP & Chief Accounting Officer
- Tenure: 3.7yrs
Board Members
Charles Koppelman (79yo)
Independent Director
- Tenure: 8.1yrs
- Compensation: US$249.80k
Irwin Chafetz (83yo)
Director
- Tenure: 14.8yrs
- Compensation: US$212.80k
Micheline Chau (66yo)
Independent Director
- Tenure: 5.1yrs
- Compensation: US$230.05k
Lew Kramer (71yo)
Independent Director
- Tenure: 2.6yrs
- Compensation: US$241.80k
Rob Goldstein (63yo)
President
- Tenure: 4.8yrs
- Compensation: US$24.67m
Sheldon Adelson (85yo)
Chairman
- Tenure: 15.3yrs
- Compensation: US$24.01m
Charles Forman (72yo)
Director
- Tenure: 15.3yrs
- Compensation: US$212.80k
George Jamieson (83yo)
Independent Director
- Tenure: 5.4yrs
- Compensation: US$242.30k
Patrick Dumont (44yo)
Executive VP
- Tenure: 2.6yrs
- Compensation: US$2.41m
David Levi (67yo)
Independent Director
- Tenure: 4.8yrs
- Compensation: US$240.80k
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$47.739b
- Shares outstanding: 767.99m
- 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 |
| 0QY4 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Dec 2004 |
| LVSC | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Dec 2004 |
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 | 2019/11/13 23:56 |
| End of Day Share Price | 2019/11/13 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.