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Morningstar

Las Vegas Sands Corp LVS Stock Quote

Morningstar Rating
| Rating as of

NYSE: LVS

Last close prices updated as of Feb 07, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 58.04
  • Sector Consumer Cyclical
  • Industry Resorts & Casinos
  • Investment Style Large Blend
  • Day Range 56.83  –  58.37
  • Year Range 28.88  –  60.34
  • Market Cap 44.3584 Bil
  • Volume / Avg 4.0 Mil /  5.2 Mil
  • Price / Sales 10.79
  • Price / Book 11.43
  • Forward Div Yield —
  • Trailing Div Yield 1.36%

Morningstar‘s Stock Analysis LVS

Valuation
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Is it the right time to buy or sell?
Find out with Morningstar Investor
Is it the right time to buy or sell?
Find out with Morningstar Investor

1-Star Price

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5-Star Price

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Economic Moat

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Capital Allocation

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Las Vegas Sands' Singapore and Macao Assets Positioned for Demand Recovery in 2023

Dan Wasiolek Senior Equity Analyst

Business Strategy and Outlook

| Dan Wasiolek |

Las Vegas Sands' Macao resorts (66% of 2019 EBITDA) are positioned to see strong revenue growth in 2023 after China's removal of COVID-19 restrictions in early January. We continue to think Las Vegas Sands and the gaming enclave are also well positioned for long-term growth. Not only does Sands hold a dominant mass and nongaming position on the attractive Cotai Strip, but we think it will reinvest proceeds from the $6.25 billion sale of its Vegas assets (closed in early 2022) in its Asian assets, strengthening the brand locally. Meanwhile, Sands' position in the profitable Singapore gaming market (34% of 2019 EBITDA), where a duopoly remains in place through 2030, is buoyed by the company expanding its presence with the renovation of its existing towers in 2023 and development of a fourth tower scheduled to open in 2027, solidifying our view of the firm's long-term growth.

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Key Statistics LVS

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Company Profile LVS

Business Description

Las Vegas Sands is the world's largest operator of fully integrated resorts, featuring casino, hotel, entertainment, food and beverage, retail, and convention center operations. The company owns the Venetian Macao, Sands Macao, Londoner Macao, Four Seasons Hotel Macao, and Parisian Macao, as well as the Marina Bay Sands resort in Singapore. Its Venetian and Palazzo Las Vegas assets in the U.S. were sold to Apollo and VICI for $6.25 billion in 2022. We expect Sands to open a fourth tower in Singapore in 2027. With the sale of its Vegas assets, the company generates all its EBITDA from Asia, with its casino operations generating the majority of sales.

Contact
3355 Las Vegas Boulevard South
Las Vegas, NV, 89109
Sector Consumer Cyclical
Industry Resorts & Casinos
Employees 35,700

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Related News LVS

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FAQs for Las Vegas Sands Corp Stock

No. LVS does not currently have a forward dividend yield.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

LVS’s market cap is 44.36 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

LVS’s stock style is Large Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

LVS’s price/sales is 10.75.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

LVS’s price/forward earnings is 59.52.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

LVS’s price/book is 11.43.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See LVS’s valuation ratios compared to the Market Index.

LVS’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare LVS’s historical performance against its industry peers and the overall market.