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 33,296 - -
Change - 27.74% 0.92% 0.45% 18.19% -24.34% - -
Enterprise Value (EV) 1 41,697 36,732 45,995 47,338 55,951 45,452 44,671 46,161
Change - -11.91% 25.22% 2.92% 18.19% -18.76% -1.72% 3.33%
P/E ratio -29.9x 20x 30.4x 26.2x 27.7x 15.8x 14.3x 12.6x
PBR 14.4x - 9x 12.8x 27.6x 16x 9.47x 6.89x
PEG - -0x -0.9x 1.2x 1.4x 0.4x 1.43x 0.9x
Capitalization / Revenue 6.79x 8.94x 3.57x 3.3x 3.38x 2.35x 2.26x 2.16x
EV / Revenue 9.85x 8.94x 4.43x 4.19x 4.3x 3.21x 3.03x 3x
EV / EBITDA 53x 50.2x 11.3x 10.8x 10.7x 8.23x 7.68x 7.51x
EV / EBIT -60.5x -46.4x 19.9x 19.7x 19.9x 12.9x 12.1x 11.6x
EV / FCF -38.9x - 20.8x 28.9x 30.2x 15.3x 14.4x 18.7x
FCF Yield -2.57% - 4.8% 3.46% 3.32% 6.52% 6.93% 5.36%
Dividend per Share 2 - - 0.6 0.8 1 1.15 1.258 1.386
Rate of return - - 1.22% 1.56% 1.54% 2.29% 2.5% 2.76%
EPS 2 -1.26 2.4 1.62 1.96 2.35 3.189 3.507 4
Distribution rate - - 37% 40.8% 42.6% 36.1% 35.9% 34.6%
Net sales 1 4,234 4,110 10,372 11,298 13,017 14,144 14,762 15,412
EBITDA 1 786 732 4,085 4,379 5,232 5,526 5,816 6,145
EBIT 1 -689 -792 2,313 2,402 2,818 3,515 3,705 3,989
Net income 1 -961 1,832 1,221 1,446 1,627 2,138 2,255 2,497
Net Debt 1 12,941 - 8,924 10,102 11,943 12,156 11,376 12,865
Reference price 2 37.64 48.07 49.21 51.36 65.09 50.25 50.25 50.25
Nbr of stocks (in thousands) 7,63,974 7,64,141 7,53,329 7,25,009 6,76,113 6,62,604 - -
Announcement Date 26/01/22 25/01/23 24/01/24 29/01/25 28/01/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.76x3.21x8.23x2.29% 3.33TCr
22.78x0.89x3.42x-.--% 1.22TCr
22.71x2.69x8.82x0.96% 1.07TCr
18.93x1.86x5.65x6.5% 575.73Cr
18.56x3.49x9.45x0.98% 217.79Cr
10.35x1.59x7.09x5.8% 193.43Cr
43.14x1.51x9.69x-.--% 169.5Cr
35.73x0.89x5.6x3.38% 127.7Cr
13.99x1.45x6.74x0.97% 87Cr
Average 22.44x 1.95x 7.19x 2.32% 776.14Cr
Weighted average by Cap. 19.25x 2.48x 7.24x 2.04%

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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