Las Vegas Sands Corp (LVS) stock analysis

P/E below its 5-year median

Las Vegas Sands's P/E of 16.5 is below its own 5-year median of 22.7.

P/E below the industry

Las Vegas Sands's P/E of 16.5 is below the Hotels and Motels median of 25.6.

EV/EBITDA below its 5-year median

Las Vegas Sands's EV/EBITDA of 8.9 is below its 5-year median of 13.5.

P/S above the industry

Las Vegas Sands's price-to-sales of 1.85 is above the Hotels and Motels median of 1.60 (book value is negative, so we use sales).

Trading below fair value

The share price of $40.23 is below our fair value estimate of $55.04.

Margin of safety over 20%

The price is 26.9% below fair value, more than the 20% cushion we look for.

Revenue growing 10%+ a year

Revenue grew 46.9% a year over the last three fiscal years.

EPS growing under 10% a year

Diluted EPS grew -0.7% a year over the last three fiscal years.

Earnings acceleration

Needs positive net income now, a year ago and five years ago.

Growing faster than the industry

Revenue grew 10.9% over the last twelve months; the Hotels and Motels median is 3.9%.

Company guidance

No outlook found in earnings releases from the last twelve months.

Gross margin trend

This company does not report gross profit.

Return on equity over 15%

Return on equity was 263% over the last twelve months and averaged 33.6% over five years.

Return on capital over 10%

Return on invested capital was 17.9%, above the 10% that usually covers the cost of capital.

Return on equity above the industry

Las Vegas Sands's return on equity of 263% is above the Hotels and Motels median of 20.0%.

Earnings over 5 years

Needs positive net income five years ago and in the latest year.

Net margin above its 5-year average

Net margin was 11.8% over the last twelve months, against a 5-year average of 11.8%.

Net margin above the industry

Las Vegas Sands's net margin of 11.8% is above the Hotels and Motels median of 5.7%.

Debt level

Needs debt and equity figures.

Debt trend

Needs a balance sheet from five years ago with positive equity.

Debt covered by cash flow

Operating cash flow over the last twelve months equals 22.6% of total debt.

Interest not well covered

Operating income covers interest expense 3.8 times; we look for at least 5.

Short-term assets don't cover short-term debts

Current assets are 0.83 times current liabilities.

Bankruptcy risk in the grey zone

The Altman Z-score is 2.27; above 3 is the safe zone and below 1.8 the distress zone.

Pays a dividend

Las Vegas Sands paid dividends worth 2.2% of the share price over the last twelve months.

Yield below Treasuries

The 2.2% yield is below the 4.4% on a 1-year Treasury.

Yield below the top quarter

The top quarter of US dividend payers yield 3.8% or more; Las Vegas Sands yields 2.2%.

Dividend was cut

The dividend per share fell by more than 10% at least once in the last 8 fiscal years.

Covered by earnings

Dividends take 55.3% of net income.

Covered by free cash flow

Dividends take 37.1% of free cash flow.