Las Vegas Sands' third-quarter revenue decreased 3% on a 2% increase in Macao and a 10% drop in Singapore. Adjusted EBITDA margins fell 550 basis points to 34.8% as the company continued investing in marketing, loyalty, rooms, and customer experience to attract visitors.
Sands is well positioned to exploit growth opportunities in the attractive Asia casino market with a dominant position in Singapore (mid-60s EBITDA share) and China (high-20s EBITDA share).
The Chinese government has full control over labor, table allocations, and travel visas and is regulating VIP play at casinos, which can result in volatile periods of growth for the region.
|
Metric
|
LVS
|
WYNN
|
MGM
|
|---|---|---|---|
Price/Earnings (Normalized) | 12.35 | 16.09 | 15.23 |
Price/Book Value | 39.79 | — | 2.81 |
Price/Sales | 1.73 | 1.02 | 0.42 |
Price/Cash Flow | 6.10 | 5.09 | 3.01 |
|
Metric
|
LVS
|
WYNN
|
MGM
|
|---|---|---|---|
Quick Ratio | 0.93 | 0.84 | 1.14 |
Current Ratio | 1.00 | 0.91 | 1.33 |
Interest Coverage | 3.91 | 2.03 | 2.21 |
|
Metric
|
LVS
|
WYNN
|
MGM
|
|---|---|---|---|
Return on Assets (Normalized) | — | 3.62% | 2.32% |
Return on Equity (Normalized) | — | — | 36.57% |
Return on Invested Capital (Normalized) | — | 8.42% | 3.71% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Galaxy Entertainment Group Ltd ADR
GXYYY
| — | LOCK|>$Mqr | $18B | |||
| Galaxy Entertainment Group Ltd
GXYEF
| — | LOCK|#R<nH | $18B | |||
| Sands China Ltd Shs Unitary 144A/Reg S
SCHYF
| — | LOCK|lgJ&@ | $11B | |||
| Sands China Ltd ADR
SCHYY
| — | LOCK|vN@t | $11B | |||
| Wynn Resorts Ltd
WYNN
| LOCK|cjYgLd | LOCK|!N#! | $7B | |||
| MGM Resorts International
MGM
| LOCK|p#vXNR | LOCK|%@ | $7B | |||
| Caesars Entertainment Inc
CZR
| LOCK|RLZ$<Hz$ | LOCK|Xp | $6B | |||
| PENN Entertainment Inc
PENN
| LOCK|$V?j&P | LOCK|j!# | $2B | |||
| Melco Resorts and Entertainment Ltd ADR
MLCO
| LOCK|^>m@sz | LOCK|%<M^h | $1B |
United States