LVS

Las Vegas Sands Corp

Consumer


Presented:12/05/2023
Price:$44.87
Cap:$34.06B
Current Price:$50.95
Cap:$37.52B

Presented

Date12/05/2023
Price$44.87
Market Cap$34.06B
Ent Value$43.83B
P/E Ratio50.98x
Book Value$5.96
Div Yield0.89%
Shares O/S759.15M
Ave Daily Vol5,465,875
Short Int3.10%

Current

Price$50.95
Market Cap$37.52B
Las Vegas Sands Corp. engages in the development of destination properties. The firm operates through the Macao and Singapore geographical segments. The Macao segment handles the operations of The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Macao, and Sands Macao. The Singapore segment includes the Marina Bay Sands. The company was founded by Sheldon G. Adelson in August 2004 and is headquartered in Las Vegas, NV.

Publicly traded companies mentioned herein: Las Vegas Sands Corp. (LVS)

Highlights

The presenter is long shares of Las Vegas Sands (LVS) following the recent partial sale by the Adelson family, described as a one-time event to purchase the Mavs. The family had not sold stock since 2006, and following the sale, they still own 51%. He sees multiple ways to win as the company is now a pure play on Macau and Singapore and is only partially through its Covid recovery. At $45 per share with a $34B market cap and $43B EV, he assesses limited downside as the stock trades 12x his 2024 EPS and 10x FCF, and believes there is 50% upside on the back of better-than-expected revenue growth and some margin expansion.

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Idea Discussion

Commentor 1 - 2 weeks ago

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