Las Vegas Sands Corp

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LVS : NYSE : Services
$57.38 | %
Today's Range: 55.93 - 57.43
Avg. Daily Volume: 4,095,500
09/23/16 - 4:01 PM ET

Financial Analysis


LAS VEGAS SANDS CORP's gross profit margin for the second quarter of its fiscal year 2016 has increased when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its industry. LAS VEGAS SANDS CORP has average liquidity. Currently, the Quick Ratio is 1.21 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.

During the same period, stockholders' equity ("net worth") has decreased by 9.10% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.

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Income Statement Q2 FY16 Q2 FY15
Net Sales ($mil)2650.082921.42
EBITDA ($mil)872.22949.95
EBIT ($mil)608.0691.87
Net Income ($mil)327.97469.17


Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)2233.952825.8
Total Assets ($mil)20980.5321608.21
Total Debt ($mil)10273.639818.36
Equity ($mil)6427.497071.38


Profitability Q2 FY16 Q2 FY15
Gross Profit Margin48.8546.52
EBITDA Margin32.9132.51
Operating Margin22.9423.68
Sales Turnover0.530.6
Return on Assets7.7810.98
Return on Equity25.4133.57
Debt Q2 FY16 Q2 FY15
Current Ratio1.261.6
Debt/Capital0.620.58
Interest Expense75.3471.31
Interest Coverage8.079.7


Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)794.73797.4
Div / share0.720.65
EPS0.410.59
Book value / share8.098.87
Institutional Own % n/a n/a
Avg Daily Volume4115009.04151080.0

Valuation


BUY. The current P/E ratio indicates a discount compared to an average of 30.66 for the Hotels, Restaurants & Leisure industry and a premium compared to the S&P 500 average of 24.84. To use another comparison, its price-to-book ratio of 7.22 indicates a significant premium versus the S&P 500 average of 2.78 and a significant discount versus the industry average of 39.76. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, LAS VEGAS SANDS CORP proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
LVS 28.50 Peers 30.66   LVS 12.68 Peers 14.15

Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation.

LVS is trading at a valuation on par with its peers.

 

Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

LVS is trading at a discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
LVS 24.05 Peers 25.77   LVS NM Peers 2.92

Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.

LVS is trading at a valuation on par with its peers.

 

Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

LVS's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
LVS 7.22 Peers 39.76   LVS -30.75 Peers 30.28

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

LVS is trading at a significant discount to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, LVS is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
LVS 4.18 Peers 3.04   LVS -13.67 Peers 6.43

Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

LVS is trading at a significant premium to its industry.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

LVS significantly trails its peers on the basis of sales growth

 

 

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