A Business at a Glance
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ITEM 1. — BUSINESS Our Company Las Vegas Sands Corp. (“LVSC,” or together with its subsidiaries “we” or the “Company”) is a Fortune 500 company and the leading global developer and operator of destination properties (“Integrated Resorts”) that feature premium accommodations, world-class gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants and other amenities. We currently own and operate Integrated Resorts in Macao and Singapore. We believe our geographic diversity, best-in-class properties and meeting and convention facilities provide us with the best platform in the hospitality and gaming industry to attract leisure and business tourism to our markets and continue generating growth and cash flow while simultaneously pursuing new development opportunities. The scale of our properties enables us to offer a range of amenities to serve the widest array of customer segments in each market.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 13.0B | 13.0B | 11.3B | 10.4B | 4.1B | 4.2B |
| Net Income | 1.6B | 1.6B | 1.4B | 1.2B | 1.8B | -961M |
| EPS | $2.35 | $2.35 | $1.96 | $1.60 | $2.40 | $-1.26 |
| Free Cash Flow | 1.9B | 1.9B | 1.6B | 2.2B | -1.6B | -1.1B |
| ROIC | 15.8% | 20.4% | 17.2% | 19.0% | 10.3% | -5.7% |
| Gross Margin | 59.5% | 59.5% | 59.2% | 60.0% | 56.4% | 51.2% |
| Debt/Equity | 10.64 | 10.64 | 5.86 | 3.87 | 4.64 | 7.45 |
| Dividends/Share | $1.20 | $1.00 | $0.80 | $0.40 | $0.79 | $0.79 |
| Operating Income | 2.8B | 2.8B | 2.4B | 2.3B | -792M | -689M |
| Operating Margin | 21.6% | 21.6% | 21.3% | 22.3% | -19.3% | -16.3% |
| ROE | 102.3% | 72.7% | 50.1% | 29.7% | 47.2% | -48.1% |
| Shares Outstanding | 692M | 692M | 738M | 763M | 763M | 763M |
LAS VEGAS SANDS CORP passes 5 of 9 quality checks, suggesting mixed fundamentals.
LAS VEGAS SANDS CORP trades at 23.3x trailing earnings, compared to its 15-year median P/E of 19.6x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 19.9x vs a median of 16.2x. The company's 5-year average ROIC is 12.2% with a gross margin of 57.2%. Total shareholder yield (dividends + buybacks) is 8.0%. At current prices, the estimated annualized return to fair value is -7.0%.
LAS VEGAS SANDS CORP (LVS) has a current P/E ratio of 23.3, compared to its historical median P/E of 19.6. The stock is currently considered Fair based on its historical valuation range.
LAS VEGAS SANDS CORP (LVS) has a 5-year average return on invested capital (ROIC) of 12.2%. This indicates solid capital allocation.
LAS VEGAS SANDS CORP (LVS) has a market capitalization of $38.0B. It is classified as a large-cap stock.
Yes, LAS VEGAS SANDS CORP (LVS) pays a dividend with a trailing twelve-month yield of 2.19%. The company also returns capital through share buybacks, with a buyback yield of 5.84%.
Based on historical P/E analysis, LAS VEGAS SANDS CORP (LVS) appears fair. The current P/E of 23.3 is 19% above its historical median of 19.6. The estimated fair value CAGR (P/E method) is -9.5%.
LAS VEGAS SANDS CORP (LVS) operates in the Hotels & Motels industry, within the Consumer Cyclical sector.
LAS VEGAS SANDS CORP (LVS) reported annual revenue of $13.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
LAS VEGAS SANDS CORP (LVS) has a net profit margin of 12.5%. This is a healthy margin.
LAS VEGAS SANDS CORP (LVS) generated $1.9 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
LAS VEGAS SANDS CORP (LVS) has a debt-to-equity ratio of 10.64. This indicates higher leverage, which may increase financial risk.
LAS VEGAS SANDS CORP (LVS) reported earnings per share (EPS) of $2.35 in its most recent fiscal year.
LAS VEGAS SANDS CORP (LVS) has a return on equity (ROE) of 72.7%. This indicates the company generates strong returns for shareholders.
LAS VEGAS SANDS CORP (LVS) has a 5-year average gross margin of 57.2%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 18 years of financial data for LAS VEGAS SANDS CORP (LVS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
LAS VEGAS SANDS CORP (LVS) has a book value per share of $2.30, based on its most recent annual SEC filing.