Company Valuation: Las Vegas Sands Corp.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 28,756 36,732 37,071 37,236 44,008 36,066 - -
Change - 27.74% 0.92% 0.45% 18.19% -18.05% - -
Enterprise Value (EV) 1 41,697 36,732 45,995 47,338 55,951 47,520 46,879 48,699
Change - -11.91% 25.22% 2.92% 18.19% -15.07% -1.35% 3.88%
P/E ratio -29.9x 20x 30.4x 26.2x 27.7x 16.7x 14.9x 13.6x
PBR 14.4x - 9x 12.8x 27.6x 11.1x 6.69x 3.46x
PEG - -0x -0.9x 1.2x 1.4x 0.5x 1.2x 1.42x
Capitalization / Revenue 6.79x 8.94x 3.57x 3.3x 3.38x 2.62x 2.5x 2.4x
EV / Revenue 9.85x 8.94x 4.43x 4.19x 4.3x 3.45x 3.25x 3.25x
EV / EBITDA 53x 50.2x 11.3x 10.8x 10.7x 8.72x 8.08x 8.09x
EV / EBIT -60.5x -46.4x 19.9x 19.7x 19.9x 14x 12.8x 12.4x
EV / FCF -38.9x - 20.8x 28.9x 30.2x 16.1x 13.6x 22.2x
FCF Yield -2.57% - 4.8% 3.46% 3.32% 6.19% 7.37% 4.5%
Dividend per Share 2 - - 0.6 0.8 1 1.171 1.276 1.447
Rate of return - - 1.22% 1.56% 1.54% 2.18% 2.38% 2.7%
EPS 2 -1.26 2.4 1.62 1.96 2.35 3.206 3.606 3.95
Distribution rate - - 37% 40.8% 42.6% 36.5% 35.4% 36.6%
Net sales 1 4,234 4,110 10,372 11,298 13,017 13,755 14,409 15,004
EBITDA 1 786 732 4,085 4,379 5,232 5,448 5,801 6,018
EBIT 1 -689 -792 2,313 2,402 2,818 3,401 3,673 3,928
Net income 1 -961 1,832 1,221 1,446 1,627 2,097 2,324 2,470
Net Debt 1 12,941 - 8,924 10,102 11,943 11,454 10,812 12,633
Reference price 2 37.64 48.07 49.21 51.36 65.09 53.68 53.68 53.68
Nbr of stocks (in thousands) 763,974 764,141 753,329 725,009 676,113 671,878 - -
Announcement Date 1/26/22 1/25/23 1/24/24 1/29/25 1/28/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.74x3.45x8.72x2.18% 36.07B
19.7x2.63x8.43x1% 10.32B
22.6x0.7x2.65x-.--% 9.38B
15.38x1.95x5.33x6.17% 6.26B
11.45x1.75x7.66x4.61% 2.42B
-64.2x1.36x11.3x-.--% 1.99B
17.06x2.92x8.07x1.2% 1.8B
38.97x1.05x6.64x2.65% 1.57B
17.23x1.59x7.36x0.9% 979M
Average 10.55x 1.94x 7.35x 2.08% 7.87B
Weighted average by Cap. 15.88x 2.63x 7.53x 2.06%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Las Vegas Sands Corp.