Stock Analysis on Net

Las Vegas Sands Corp. (NYSE:LVS)

This company has been moved to the archive! The financial data has not been updated since October 20, 2023.

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Microsoft Excel

Historical Valuation Ratios (Summary)

Las Vegas Sands Corp., historical price multiples (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Price to earnings (P/E) 51.71 838.94 24.23 15.90 17.04 14.66 99.36 15.81 18.91 24.76 25.80 33.56 19.79
Price to operating profit (P/OP) 24.11 74.80 35.07 12.02 13.80 12.92 13.65 14.49 12.73
Price to sales (P/S) 4.04 6.31 9.11 10.80 7.46 7.73 6.80 7.98 6.64 8.53 15.09 11.75 6.48 3.92 2.82 3.71 3.43 3.61 3.74 3.48
Price to book value (P/BV) 7.61 9.88 11.88 11.44 7.66 7.11 5.98 16.92 13.81 14.04 17.08 14.28 12.10 9.11 7.45 9.84 8.77 8.99 9.35 8.40 5.98 8.27 7.75

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Las Vegas Sands Corp. P/S ratio decreased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Las Vegas Sands Corp. P/BV ratio decreased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Price to Earnings (P/E)

Las Vegas Sands Corp., historical P/E calculation (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 764,490,874 764,447,123 764,271,386 764,273,371 764,166,260 764,156,081 764,109,163 763,989,752 763,989,752 763,989,752 763,964,648 763,842,938 763,828,127 763,803,327 763,729,715 763,684,915 768,036,535 769,788,544 772,804,476 775,051,979 783,554,277 788,004,346 789,187,996
Selected Financial Data (US$)
Net income (loss) attributable to Las Vegas Sands Corp. (in millions) 380 312 147 (169) (239) (290) 2,530 (123) (368) (192) (278) (299) (565) (820) (1) 629 533 954 582 (170) 571 556 1,456
Earnings per share (EPS)2 0.88 0.07 -0.72 2.40 2.46 2.29 2.42 -1.26 -1.49 -1.75 -2.57 -2.21 -0.99 0.45 2.77 3.53 2.47 2.52 1.99 3.11 0.00 0.00 0.00
Share price1, 3 45.32 55.97 63.05 58.08 39.07 38.99 35.43 44.20 38.00 45.77 59.76 55.57 50.68 44.36 43.78 66.80 61.22 64.93 66.83 61.61 52.39 75.12 72.33
Valuation Ratio
P/E ratio4 51.71 838.94 24.23 15.90 17.04 14.66 99.36 15.81 18.91 24.76 25.80 33.56 19.79
Benchmarks
P/E Ratio, Competitors5
Airbnb Inc. 14.19 39.65 40.05 44.53 36.29 59.77 96.17
Booking Holdings Inc. 18.68 22.74 23.90 29.87 28.26 50.57 164.32 86.68 261.79 206.85 136.53 1,696.44 51.91 28.20 17.38 14.16
Chipotle Mexican Grill Inc. 44.26 47.35 54.42 49.37 50.59 55.45 61.35 67.03 69.94 87.74 102.77 122.18 147.85 126.18 72.73 67.72
McDonald’s Corp. 23.23 26.39 31.34 31.22 34.24 31.53 25.65 24.15 25.57 25.43 33.98 33.31 32.26 31.84 23.20 25.99
Starbucks Corp. 30.66 36.91 37.77 34.26 23.05 19.34 25.86 30.95 52.55 137.44 185.40 118.26 65.20 27.12 27.92 27.63

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2023 Calculation
EPS = (Net income (loss) attributable to Las Vegas Sands Corp.Q3 2023 + Net income (loss) attributable to Las Vegas Sands Corp.Q2 2023 + Net income (loss) attributable to Las Vegas Sands Corp.Q1 2023 + Net income (loss) attributable to Las Vegas Sands Corp.Q4 2022) ÷ No. shares of common stock outstanding
= (380,000,000 + 312,000,000 + 147,000,000 + -169,000,000) ÷ 764,490,874 = 0.88

3 Closing price as at the filing date of Las Vegas Sands Corp. Quarterly or Annual Report.

4 Q3 2023 Calculation
P/E ratio = Share price ÷ EPS
= 45.32 ÷ 0.88 = 51.71

5 Click competitor name to see calculations.


Price to Operating Profit (P/OP)

Las Vegas Sands Corp., historical P/OP calculation (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 764,490,874 764,447,123 764,271,386 764,273,371 764,166,260 764,156,081 764,109,163 763,989,752 763,989,752 763,989,752 763,964,648 763,842,938 763,828,127 763,803,327 763,729,715 763,684,915 768,036,535 769,788,544 772,804,476 775,051,979 783,554,277 788,004,346 789,187,996
Selected Financial Data (US$)
Operating income (loss) (in millions) 688 537 378 (166) (177) (147) (302) (138) (316) (139) (96) (211) (610) (922) 55 934 899 894 971 874 922 797 1,158
Operating profit per share2 1.88 0.75 -0.15 -1.04 -1.00 -1.18 -1.17 -0.90 -1.00 -1.38 -2.41 -2.21 -0.71 1.26 3.64 4.84 4.74 4.76 4.61 4.84 0.00 0.00 0.00
Share price1, 3 45.32 55.97 63.05 58.08 39.07 38.99 35.43 44.20 38.00 45.77 59.76 55.57 50.68 44.36 43.78 66.80 61.22 64.93 66.83 61.61 52.39 75.12 72.33
Valuation Ratio
P/OP ratio4 24.11 74.80 35.07 12.02 13.80 12.92 13.65 14.49 12.73
Benchmarks
P/OP Ratio, Competitors5
Airbnb Inc. 34.45 46.61 45.09 46.78 35.98 57.78 88.47 232.24
Booking Holdings Inc. 15.07 16.75 17.88 17.91 14.98 19.34 28.66 40.46 66.89 104.35 26.09 13.19 12.89
Chipotle Mexican Grill Inc. 34.75 36.84 42.00 38.25 40.02 45.28 50.34 54.38 65.08 81.53 109.79 149.81 129.22 115.18 60.79 53.41
McDonald’s Corp. 16.94 19.22 22.47 20.58 22.04 20.38 17.56 17.59 18.44 18.19 22.17 21.51 21.26 20.65 15.53 17.27
Starbucks Corp. 21.64 25.87 26.73 24.35 19.58 16.72 22.12 26.68 37.64 77.96 98.18 70.29 41.82 23.50 24.29 24.39

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2023 Calculation
Operating profit per share = (Operating income (loss)Q3 2023 + Operating income (loss)Q2 2023 + Operating income (loss)Q1 2023 + Operating income (loss)Q4 2022) ÷ No. shares of common stock outstanding
= (688,000,000 + 537,000,000 + 378,000,000 + -166,000,000) ÷ 764,490,874 = 1.88

3 Closing price as at the filing date of Las Vegas Sands Corp. Quarterly or Annual Report.

4 Q3 2023 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 45.32 ÷ 1.88 = 24.11

5 Click competitor name to see calculations.


Price to Sales (P/S)

Las Vegas Sands Corp., historical P/S calculation (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 764,490,874 764,447,123 764,271,386 764,273,371 764,166,260 764,156,081 764,109,163 763,989,752 763,989,752 763,989,752 763,964,648 763,842,938 763,828,127 763,803,327 763,729,715 763,684,915 768,036,535 769,788,544 772,804,476 775,051,979 783,554,277 788,004,346 789,187,996
Selected Financial Data (US$)
Net revenues (in millions) 2,795 2,542 2,120 1,117 1,005 1,045 943 1,008 857 1,173 1,196 1,146 586 98 1,782 3,509 3,250 3,334 3,646 3,475 3,372 3,303 3,579
Sales per share2 11.22 8.87 6.92 5.38 5.24 5.04 5.21 5.54 5.72 5.37 3.96 4.73 7.82 11.31 15.55 17.99 17.84 17.96 17.85 17.71 0.00 0.00 0.00
Share price1, 3 45.32 55.97 63.05 58.08 39.07 38.99 35.43 44.20 38.00 45.77 59.76 55.57 50.68 44.36 43.78 66.80 61.22 64.93 66.83 61.61 52.39 75.12 72.33
Valuation Ratio
P/S ratio4 4.04 6.31 9.11 10.80 7.46 7.73 6.80 7.98 6.64 8.53 15.09 11.75 6.48 3.92 2.82 3.71 3.43 3.61 3.74 3.48
Benchmarks
P/S Ratio, Competitors5
Airbnb Inc. 8.07 10.03 9.33 10.04 7.36 10.11 11.65 16.64
Booking Holdings Inc. 4.80 5.24 5.29 5.35 4.30 5.33 6.83 9.22 10.85 11.93 16.99 14.73 8.14 6.35 4.07 4.57
Chipotle Mexican Grill Inc. 5.43 5.68 6.25 5.14 4.86 5.15 5.36 5.80 6.91 7.52 6.61 7.26 6.03 5.74 4.33 4.24
McDonald’s Corp. 7.74 8.72 9.20 8.32 8.70 8.13 7.68 7.85 8.27 8.07 8.94 8.20 8.26 7.89 6.46 7.43
Starbucks Corp. 3.31 3.86 3.81 3.49 3.00 2.72 3.74 4.47 5.48 5.74 5.32 4.67 3.63 3.45 3.86 3.75

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2023 Calculation
Sales per share = (Net revenuesQ3 2023 + Net revenuesQ2 2023 + Net revenuesQ1 2023 + Net revenuesQ4 2022) ÷ No. shares of common stock outstanding
= (2,795,000,000 + 2,542,000,000 + 2,120,000,000 + 1,117,000,000) ÷ 764,490,874 = 11.22

3 Closing price as at the filing date of Las Vegas Sands Corp. Quarterly or Annual Report.

4 Q3 2023 Calculation
P/S ratio = Share price ÷ Sales per share
= 45.32 ÷ 11.22 = 4.04

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Las Vegas Sands Corp. P/S ratio decreased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Price to Book Value (P/BV)

Las Vegas Sands Corp., historical P/BV calculation (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 764,490,874 764,447,123 764,271,386 764,273,371 764,166,260 764,156,081 764,109,163 763,989,752 763,989,752 763,989,752 763,964,648 763,842,938 763,828,127 763,803,327 763,729,715 763,684,915 768,036,535 769,788,544 772,804,476 775,051,979 783,554,277 788,004,346 789,187,996
Selected Financial Data (US$)
Total Las Vegas Sands Corp. stockholders’ equity (in millions) 4,553 4,330 4,056 3,881 3,900 4,191 4,529 1,996 2,102 2,491 2,673 2,973 3,199 3,720 4,489 5,187 5,359 5,560 5,525 5,684 6,862 7,158 7,363
Book value per share (BVPS)2 5.96 5.66 5.31 5.08 5.10 5.48 5.93 2.61 2.75 3.26 3.50 3.89 4.19 4.87 5.88 6.79 6.98 7.22 7.15 7.33 8.76 9.08 9.33
Share price1, 3 45.32 55.97 63.05 58.08 39.07 38.99 35.43 44.20 38.00 45.77 59.76 55.57 50.68 44.36 43.78 66.80 61.22 64.93 66.83 61.61 52.39 75.12 72.33
Valuation Ratio
P/BV ratio4 7.61 9.88 11.88 11.44 7.66 7.11 5.98 16.92 13.81 14.04 17.08 14.28 12.10 9.11 7.45 9.84 8.77 8.99 9.35 8.40 5.98 8.27 7.75
Benchmarks
P/BV Ratio, Competitors5
Airbnb Inc. 8.49 18.03 15.36 15.16 10.67 14.23 16.27 20.88 28.80 28.30 27.60
Booking Holdings Inc. 89.53 32.84 18.79 19.51 19.54 16.35 18.03 17.84 20.15 20.46 14.74 17.94 15.43 11.61 13.01 14.59 10.87
Chipotle Mexican Grill Inc. 17.95 19.07 22.64 18.74 17.58 19.46 19.67 19.05 21.50 23.66 19.92 21.52 19.42 18.92 14.72 14.09 13.50 14.02 12.66
McDonald’s Corp.
Starbucks Corp.

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2023 Calculation
BVPS = Total Las Vegas Sands Corp. stockholders’ equity ÷ No. shares of common stock outstanding
= 4,553,000,000 ÷ 764,490,874 = 5.96

3 Closing price as at the filing date of Las Vegas Sands Corp. Quarterly or Annual Report.

4 Q3 2023 Calculation
P/BV ratio = Share price ÷ BVPS
= 45.32 ÷ 5.96 = 7.61

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Las Vegas Sands Corp. P/BV ratio decreased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.