NYSE:LVS

Stock Analysis Report

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Executive Summary

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States.


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

LVSIndustryMarket
7 Day3.6%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 Year10.2%-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

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

NamePositionTenureCompensationOwnership
Sheldon Adelson
Founder16yrsUS$24.68m50.36%
$ 17.4b
Robert Goldstein
President5.58yrsUS$8.33m0.018%
$ 6.2m
Patrick Dumont
Executive VP3.33yrsUS$2.41m0.036%
$ 12.4m
D. Hudson
Executive VP0.92yrUS$2.05mno data
Randy Hyzak
Senior VP & Chief Accounting Officer4.42yrsno datano data
Daniel Briggs
Senior Vice President of Investor Relations8.58yrsno datano data
Ronald Reese
Senior Vice President of Public Relationsno datano datano data
David Sylvester
Executive Vice President of Global Retailno datano datano data
Grant Chum
Senior Vice President of Global Gaming Strategy7yrsno datano data
Mark Juliano
President of Sands Bethlehem6.25yrsno datano data
Stephanie Marz
Vice President of Corporate Accountingno datano datano data
Wing Chao
9.75yrsUS$10.47kno 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

NamePositionTenureCompensationOwnership
Sheldon Adelson
Founder16yrsUS$24.68m50.36%
$ 17.4b
Robert Goldstein
President5.58yrsUS$8.33m0.018%
$ 6.2m
Patrick Dumont
Executive VP3.33yrsUS$2.41m0.036%
$ 12.4m
Charles Koppelman
Independent Director8.83yrsUS$270.68k0.0023%
$ 787.5k
Irwin Chafetz
Director15.5yrsUS$233.68k0.011%
$ 3.6m
Micheline Chau
Independent Director5.83yrsUS$257.92k0.0014%
$ 476.6k
Lewis Kramer
Independent Director3.33yrsUS$268.92k0.00086%
$ 297.0k
Charles Forman
Director16yrsUS$233.68k0.028%
$ 9.6m
George Jamieson
Independent Director6.17yrsUS$268.80k0.0016%
$ 566.4k
Xuan Yan
Independent Director0.92yrUS$152.50k0.00029%
$ 100.2k
David Levi
Independent Director5.58yrsUS$266.80k0.0014%
$ 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LVSNYSE (New York Stock Exchange)YesCommon StockUSUSDDec 2004
LCRDB (Deutsche Boerse AG)YesCommon StockDEEURDec 2004
LCRXTRA (XETRA Trading Platform)YesCommon StockDEEURDec 2004
LVS *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNDec 2004
LVSSWX (SIX Swiss Exchange)YesCommon StockCHCHFDec 2004
0QY4LSE (London Stock Exchange)YesCommon StockGBUSDDec 2004
LVSCWBAG (Wiener Boerse AG)YesCommon StockATEURDec 2004
LVSBASE (Buenos Aires Stock Exchange)CEDEAR (EACH 1 REP 1 ORD)ARARSDec 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/07 01:07
End of Day Share Price2020/08/06 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.