Las Vegas Sands

Las Vegas Sands is a developer of destination properties (Integrated Resorts) that feature accommodations, gaming, entertainment and retail malls, convention and exhibition facilities, restaurants and other amenities. The company owns and operates Integrated Resorts in Asia and the United States. Through its ownership of Sands China Ltd., the company owns and operates properties including The Venetian Macao Resort Hotel, Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao. In Singapore, the company owns and operates the Marina Bay Sands. The company's Las Vegas Operating Properties includes The Venetian Resort Las Vegas and the Sands Expo Center.
  • TickerLVS
  • ISINUS5178341070
  • ExchangeNew York Stock Exchange
  • SectorTravel & Leisure
  • CountryUnited States
LVS LAS VEGAS SANDS (Travel & Leisure)

Las Vegas Sands Corp.: Update to credit analysis

Our credit view of Las Vegas Sands reflects a long recovery from material EBITDA and cash flow declines as a result of the impact from the coronavirus, balance by very good liquidity.

Valens Research
  • Valens Research
LVS LAS VEGAS SANDS (Travel & Leisure)

LVS - Embedded Expectations Analysis - 2021 06 01

Las Vegas Sands Corp. (LVS:USA) currently trades at a premium relative to UAFRS-based (Uniform) assets, with a 2.9x Uniform P/B. At these levels, the market is pricing in bullish expectations for the firm, but management may have concerns about rent concessions, online gaming opportunities, and their Macau business Specifically, management may have concerns about the sustainability of bookings in Macau as well as the challenges from the lack of foreign visitation. Also, they may lack confidence in their ability to project incremental EBITDA from Marina Bay Sands and recover mall and casino p...

LVS LAS VEGAS SANDS (Travel & Leisure)

For LAS VEGAS SANDS, the environment deterioration entails a downgrade...

LAS VEGAS SANDS (US), a company active in the Gambling industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 4 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date March 5, 2021, the closing price was USD 62.44 and its expected value was estimated at USD 58.50.

LVS LAS VEGAS SANDS (Travel & Leisure)

Las Vegas Sands Corp. - December 2020 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

LVS LAS VEGAS SANDS (Travel & Leisure)

Las Vegas Sands Corp.: Sale of Las Vegas properties provides capital f...

Our credit view of Las Vegas Sands sale of its Las Vegas properties for $6.25 billion, including benefits to capital for investment and ample liquidity.

LVS LAS VEGAS SANDS (Travel & Leisure)

1 director bought

A director at Las Vegas Sands Corp bought 10,000 shares at 71.125USD and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The ...

Valens Research
  • Valens Research
LVS LAS VEGAS SANDS (Travel & Leisure)

LVS - Embedded Expectations Analysis - 2021 06 01

Las Vegas Sands Corp. (LVS:USA) currently trades at a premium relative to UAFRS-based (Uniform) assets, with a 2.9x Uniform P/B. At these levels, the market is pricing in bullish expectations for the firm, but management may have concerns about rent concessions, online gaming opportunities, and their Macau business Specifically, management may have concerns about the sustainability of bookings in Macau as well as the challenges from the lack of foreign visitation. Also, they may lack confidence in their ability to project incremental EBITDA from Marina Bay Sands and recover mall and casino p...

Valens Research
  • Valens Research
LVS LAS VEGAS SANDS (Travel & Leisure)

LVS - Embedded Expectations Analysis - 2020 05 15

Las Vegas Sands Corp. (LVS:USA) currently trades above corporate averages relative to UAFRS-based (Uniform) earnings, with a 52.2x Uniform P/E. Even at these levels, the market has bearish expectations for the firm, but management is confident about Macao revenue growth, their Singapore investments, and costs Specifically, management is confident Macao operations will be in a much better place in the fall, that they can grow revenue in Macao, and that new investments in Singapore will generate high returns over the next couple of years. In addition, they are confident they are controlling c...

Valens Research
  • Valens Research
LVS LAS VEGAS SANDS (Travel & Leisure)

LVS - Embedded Expectations Analysis - 2020 02 07

Las Vegas Sands Corp. (LVS:USA) currently trades near corporate averages relative to UAFRS-based (Uniform) Earnings, with a 19.6x Uniform P/E. At these levels, the market has somewhat bearish expectations for the firm, but management is confident about Macao revenue growth, their customer base, and their integrated resort building capabilities Specifically, management is confident higher-margin Macao customer revenues should continue to grow and that their goal is to transition as many customers from base mass to premium. Moreover, they are confident they have the skill set to build an integr...

Valens Research
  • Valens Research
LVS LAS VEGAS SANDS (Travel & Leisure)

LVS - Embedded Expectations Analysis - 2019 11 13

Las Vegas Sands Corp. (LVS:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with an 18.6x Uniform P/E. At these levels, the market has bearish expectations for the firm, but management is confident about their resort growth, profitability, and Macao. Specifically, management is confident they invested in Macao before competitors and their previous resorts have seen consistent growth. Furthermore, they are confident that Macao customers drive profitability through their betting trends, and they are confident there are other market opportunities to offs...

Dan Wasiolek
  • Dan Wasiolek
LVS LAS VEGAS SANDS (Travel & Leisure)

Sands Sees Near-Term Weaker Premium Mass Win, But Remains Well Positio...

Although investors sent Las Vegas Sands’ shares down 3% in after-hours trading on its Macau (61% of total EBITDA) premium mass win declining 4%, we see little reason to meaningfully change our $76 valuation for the company, as this fall was due to unfavorable hold (casino played unlucky) and renovation disruption at the Sands Cotai property (which we have already incorporated into our model). We see the shares as undervalued. Total Sands Macau mass (56% of total Sands’ Macau profit) win grew 5.2...

LVS LAS VEGAS SANDS (Travel & Leisure)

Las Vegas Sands Corp.: Update to credit analysis

Our credit view of Las Vegas Sands reflects a long recovery from material EBITDA and cash flow declines as a result of the impact from the coronavirus, balance by very good liquidity.

LVS LAS VEGAS SANDS (Travel & Leisure)

Las Vegas Sands Corp. - December 2020 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

LVS LAS VEGAS SANDS (Travel & Leisure)

Las Vegas Sands Corp.: Sale of Las Vegas properties provides capital f...

Our credit view of Las Vegas Sands sale of its Las Vegas properties for $6.25 billion, including benefits to capital for investment and ample liquidity.

LVS LAS VEGAS SANDS (Travel & Leisure)

Las Vegas Sands Corp. - September 2020 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

LVS LAS VEGAS SANDS (Travel & Leisure)

Las Vegas Sands Corp. - June 2020 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

LVS LAS VEGAS SANDS (Travel & Leisure)

For LAS VEGAS SANDS, the environment deterioration entails a downgrade...

LAS VEGAS SANDS (US), a company active in the Gambling industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 4 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date March 5, 2021, the closing price was USD 62.44 and its expected value was estimated at USD 58.50.

LVS LAS VEGAS SANDS (Travel & Leisure)

Ford Equity US Rating and Forecast Report

Ford Equity Research covers more than 4,000 stocks using a proprietary quantitative model that evaluates a company’s earnings strength, its relative valuation and recent price movement. Ford’s five recommendation ratings include strong buy, buy, hold, sell, strong sell. For all stocks in our coverage universe, ratings are generated each week and reflect the fundamental and price data as of the last trading day of the week.

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