-5.00%
-8.16%
-11.41%
19.13%
-9.87%
2.64%
-31.14%
AI Spotlight on LVS
Company Description
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 Londoner Macao, 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 Marina Bay Sands in Singapore.The company also owns and operates The Venetian Resort Hotel Casino on the Las Vegas Strip; and the Sands Expo and Convention Center in Las Vegas, Nevada.
Its integrated resorts feature accommodations, gaming, entertainment and retail malls, 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.
Market Data
| Last Price | 45.83 |
| Change Percentage | -5.00% |
| Open | 47.84 |
| Previous Close | 48.24 |
| Market Cap ( Millions) | 33228 |
| Volume | 9185104 |
| Year High | 56.61 |
| Year Low | 36.62 |
| M A 50 | 49.82 |
| M A 200 | 46.14 |
Financial Ratios
| FCF Yield | 5.77% |
| Dividend Yield | 1.75% |
| ROE | 39.45% |
| Debt / Equity | 408.99% |
| Net Debt / EBIDTA | 231.23% |
| Price To Book | 9.77 |
| Price Earnings Ratio | 22.24 |
| Price To FCF | 17.34 |
| Price To sales | 2.94 |
| EV / EBITDA | 10.15 |
News
- Jan -30 - Las Vegas Sands Stock Soars as Executives Predict China Growth Will Boost Macao Revenue
- Jan -30 - Las Vegas Sands Stock Soars After Earnings. Bull Case Is Back On Track, Analyst Says.
- Jan -30 - Las Vegas Sands' Q4 Earnings Miss Estimate, Revenues Surpass
- Jan -30 - Las Vegas Sands Corp. (LVS) Q4 2024 Earnings Call Transcript
- Jan -30 - Las Vegas Sands (LVS) Reports Q4 Earnings: What Key Metrics Have to Say
- Jan -29 - Las Vegas Sands (LVS) Lags Q4 Earnings Estimates
- Jan -29 - Las Vegas Sands Reports Fourth Quarter 2024 Results
- Jan -27 - LVS to Post Q4 Earnings: What's in the Cards for the Stock?
- Jan -23 - Sands to Release Fourth Quarter 2024 Financial Results
- Jan -21 - What's Next For Las Vegas Sands Stock?
- Jan -17 - Gordon Ramsay Burger Celebrates its Grand Opening at Flamingo Las Vegas
- Jan -15 - Sands China Holds Opening Ceremony for Philip Colbert's Iconic 'Lobster' Art Exhibition
- Dec -25 - Las Vegas Sands: Xi Jinping's Macau Visit Removes Long-Time Bearish Take On Stock
- Dec -23 - Las Vegas Sands Named to the Dow Jones Sustainability Indices for World and North America
- Dec -12 - In Celebration of its 25th Anniversary, the JW Marriott Las Vegas and Rampart Casino at The Resort at Summerlin Unveils a $75 Million Renovation
- Dec -09 - UNLV and Las Vegas Sands Announce Establishment of Sands Institute for Chinese Language and Culture
- Dec -04 - Macao Enterprises Take Trip to Lisbon with Sands China
- Nov -29 - Here's Why Investors Should Retain Las Vegas Sands Stock for Now
- Nov -27 - Suppliers and Local SMEs Honoured at Sands Supplier Excellence Awards and Sands Procurement Academy Graduation
- Nov -07 - MGM vs. Las Vegas Sands: Which Casino Stock Is the Better Bet?
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Marina Bay Sands
Expected Growth : 8 %
What the company do ?
Marina Bay Sands is a luxury resort in Singapore, owned by Las Vegas Sands Corp., featuring a hotel, casino, mall, and entertainment venues.
Why we expect these perspectives ?
Marina Bay Sands' 8% growth driven by increasing tourism in Singapore, strong gaming revenue, and high occupancy rates in luxury hotel rooms. Additionally, the property's unique entertainment offerings, such as the rooftop infinity pool and observation deck, attract high-end customers. The growth is also fueled by the increasing popularity of MICE (Meetings, Incentives, Conferences, and Exhibitions) events in the region.
Segment n°2 -> The Venetian Macao
Expected Growth : 7 %
What the company do ?
The Venetian Macao is a luxury resort and casino located in Macau, owned by Las Vegas Sands Corp., offering upscale accommodations, gaming, and entertainment options.
Why we expect these perspectives ?
The Venetian Macao's 7% growth is driven by its strategic location in the Cotai Strip, increasing tourism in Macau, and the property's luxury offerings. Additionally, the growth is fueled by the rising demand for premium mass gaming, robust MICE (Meetings, Incentives, Conferences, and Exhibitions) business, and the company's effective cost management and operational efficiency.
Segment n°3 -> The Londoner Macao
Expected Growth : 6 %
What the company do ?
The Londoner Macao is a luxury resort from Las Vegas Sands Corp., featuring a British-themed hotel, casino, and entertainment complex in Macau.
Why we expect these perspectives ?
The Londoner Macao's 6% growth is driven by increasing tourism in Macau, fueled by China's growing middle class and infrastructure development. Additionally, the property's luxury offerings, entertainment options, and loyalty programs attract high-end customers, contributing to revenue growth. Effective cost management and operational efficiencies also support the growth.
Segment n°4 -> The Parisian Macao
Expected Growth : 7 %
What the company do ?
The Parisian Macao is a luxury resort and casino located in Cotai, Macau, owned and operated by Las Vegas Sands Corp., featuring a half-scale Eiffel Tower replica.
Why we expect these perspectives ?
The Parisian Macao's 7% growth is driven by its prime location on the Cotai Strip, increasing tourism in Macau, and the property's unique Parisian-themed experience. Additionally, the growth is fueled by the rising demand for luxury gaming and entertainment, as well as the company's effective cost management and marketing strategies.
Segment n°5 -> The Plaza Macao and Four Seasons Macao
Expected Growth : 7 %
What the company do ?
The Plaza Macao and Four Seasons Macao are luxury resorts from Las Vegas Sands Corp., offering upscale accommodations, gaming, and entertainment in Macau.
Why we expect these perspectives ?
The Plaza Macao and Four Seasons Macao's 7% growth is driven by increasing tourism in Macau, strong VIP gaming demand, and a growing mass market segment. Additionally, the properties' luxurious amenities, prime locations, and high-end services attract high-value customers, contributing to revenue growth.
Segment n°6 -> Sands Macao
Expected Growth : 6 %
What the company do ?
The Sands Macao is a luxury casino resort located in Macau, China, owned and operated by Las Vegas Sands Corp., offering gaming, entertainment, and hospitality services.
Why we expect these perspectives ?
Sands Macao's 6% growth driven by increasing tourism in Macau, fueled by China's growing middle class and infrastructure development. Strong VIP gaming segment performance, coupled with mass market growth and non-gaming revenue expansion, contribute to the growth. Additionally, the property's prime location, luxurious amenities, and effective cost management also support the growth momentum.
Segment n°7 -> Intersegment Eliminations
Expected Growth : 0 %
What the company do ?
Intersegment Eliminations from Las Vegas Sands Corp. refers to the removal of transactions between subsidiaries, ensuring consolidated financial statements accurately reflect the company's performance.
Why we expect these perspectives ?
Las Vegas Sands Corp.'s Intersegment Eliminations with 0% growth is attributed to the absence of significant transactions between segments, stable operational costs, and a lack of material acquisitions or divestitures, resulting in no eliminations required.
Segment n°8 -> Intercompany Royalties
Expected Growth : 0 %
What the company do ?
Intercompany Royalties from Las Vegas Sands Corp. refers to fees paid by subsidiaries to the parent company for use of intellectual property, trademarks, and brand names.
Why we expect these perspectives ?
Intercompany royalties from Las Vegas Sands Corp. experienced 0% growth, driven by stagnant gaming revenue, flat hotel occupancy rates, and lack of new property openings in Las Vegas, offset by stable operations and maintenance costs.
Segment n°9 -> Ferry Operations and Other
Expected Growth : 5 %
What the company do ?
Ferry Operations refer to the transportation services provided by Las Vegas Sands Corp. in Macau, while Other includes revenue from mall operations, convention and entertainment services.
Why we expect these perspectives ?
Las Vegas Sands Corp.'s Ferry Operations and Other segment growth is driven by increasing tourism in Macau, expansion of ferry services, and rising demand for entertainment and leisure activities. Additionally, strategic partnerships, investments in infrastructure, and effective cost management contribute to the 5% growth.
Las Vegas Sands Corp. Products
| Product Range | What is it ? |
|---|---|
| Casino | Las Vegas Sands Corp. operates various casinos, including The Venetian and The Palazzo in Las Vegas, and the Marina Bay Sands in Singapore, offering a range of gaming options, including slots, table games, and poker. |
| Hotels | The company operates luxury hotels, including The Venetian, The Palazzo, and the Marina Bay Sands, offering upscale accommodations, fine dining, and world-class amenities. |
| Conventions and Meetings | Las Vegas Sands Corp. offers extensive meeting and convention space, including the Sands Expo and Convention Center, catering to corporate events, trade shows, and conferences. |
| Retail and Dining | The company operates various retail and dining outlets, including upscale shopping centers, restaurants, and bars, offering a range of luxury brands and culinary experiences. |
| Entertainment | Las Vegas Sands Corp. offers a range of entertainment options, including shows, concerts, and nightlife, featuring world-class performers and productions. |
Las Vegas Sands Corp.'s Porter Forces
Threat Of Substitutes
The threat of substitutes for Las Vegas Sands Corp. is medium due to the presence of alternative forms of entertainment and leisure activities. While the company's integrated resorts offer a unique experience, customers may choose to substitute with other forms of entertainment, such as online gaming or local attractions.
Bargaining Power Of Customers
The bargaining power of customers is low due to the company's strong brand reputation and the unique experience offered by its integrated resorts. Customers have limited bargaining power to negotiate prices or services.
Bargaining Power Of Suppliers
The bargaining power of suppliers is medium due to the company's dependence on a few key suppliers for goods and services. While the company has some bargaining power due to its size and scale, suppliers may still have some negotiating power.
Threat Of New Entrants
The threat of new entrants is low due to the high barriers to entry in the integrated resort industry. The company's established brand reputation, scale, and regulatory approvals create significant barriers to entry for new competitors.
Intensity Of Rivalry
The intensity of rivalry is high due to the competitive nature of the gaming and hospitality industry. The company faces intense competition from other integrated resort operators, which can lead to pricing pressure and competition for market share.
Strength
Capital Structure
| Value | |
|---|---|
| Debt Weight | 77.31% |
| Debt Cost | 7.23% |
| Equity Weight | 22.69% |
| Equity Cost | 9.87% |
| WACC | 7.83% |
| Leverage | 340.68% |
Las Vegas Sands Corp. : Quality Control
Las Vegas Sands Corp. passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| BYD | Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of … |
| SBUX | Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its … |
| ROST | Ross Stores, Inc., together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brand names. Its stores primarily offer … |
| CMG | Chipotle Mexican Grill, Inc., together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of February 15, 2022, it owned and operated approximately 3,000 restaurants in the United … |
| GM | General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts and accessories in North America, the Asia Pacific, the Middle East, Africa, South America, the United States, … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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