Las Vegas Sands logged a 4.2% change during today's morning session, and is now trading at a price of $48.46 per share. The S&P 500 index moved -0.1% and the Nasdaq posted a -1.0% change. LVS's trading volume is 2,850,840 compared to the stock's average volume of 6,615,091.
Over the last 52 weeks, the stock moved 23.6%, with a high of $49.73 and a low of $28.88. During this time, the stock underperformed the S&P 500 index by 43.2%. Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. The large-cap Consumer Cyclical company has 44,500 full time employees and is based in Las Vegas, NV. Las Vegas Sands has not offered any dividends in the last year.
Snapshot of the Company's Negative Margins and Cash Flows:
| 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | |
|---|---|---|---|---|
| Revenue (MM) | $13,729 | $13,739 | $3,612 | $4,234 |
| Revenue Growth | n/a | 0.1% | -73.7% | 17.2% |
| Gross Margins | 49.2% | 50.27% | 27.8% | 37.98% |
| Gross Margins Growth | n/a | 2.17% | -44.7% | 36.62% |
| Operating Margins | 28.41% | 27.57% | -44.52% | -15.64% |
| Operating Margins Growth | n/a | -2.96% | -261.48% | 64.87% |
| Earnings Per Share | $3.07 | $3.5 | $-2.21 | $-1.26 |
| EPS Growth | n/a | 14.01% | -163.14% | 42.99% |
| Free Cash Flow (MM) | $3,752 | $1,769 | $-2,642 | $-824 |
| FCF Growth | n/a | -52.85% | -249.35% | 68.81% |
| Capital Expenditures (MM) | $-949 | $-1,269 | $-1,330 | $-839 |
| Net Debt / EBITDA | 1.43 | 1.62 | -33.96 | 31.72 |
Basic Valuation Metrics Show Las vegas sands Is Overvalued:
Compared to the Consumer Cyclical sector's average of 24.11, Las Vegas Sands has a trailing twelve month price to earnings (P/E) ratio of 20.0 and, based on its Eps guidance of 1.09, an expected P/E ratio of 44.5. The firm's price to earnings growth (PEG) is -0.74, which indicates that the company is undervalued in terms of its expected earnings growth. Las Vegas Sands's price to book (P/B) ratio is 9.5 compared to its sector average of 3.11.
As of the date of publication, the company is trading 190.8% above its fair value as expressed by Benjamin Graham's formula. We calculate the Graham number as follows:
√(22.5 * TTM earnings per share * book value per share) = √(22.5 * 2.42 * 5.105) = $16.67
There is Positive market sentiment About Las Vegas Sands:
16 analysts are following Las Vegas Sands and have set target prices ranging from $40 to $71 per share. On average, they have given the company a rating of buy. At today's prices, LVS is trading -7.41% away from its average analyst target price of $52.34 per share, implying an analyst consensus of some upside potential for the stock. The company has an average amount of shares sold short since 4.7% of the company's shares are tied to short positions. Institutions own 41.0% of Las Vegas Sands's shares, while the insider ownership rate stands at 56.8%. The biggest shareholder is Price (T.Rowe) Associates Inc with a 4.17% stake in the company worth approximately $1,543,677,909.
