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Las Vegasnds (BSP:L1VS34) Cyclically Adjusted FCF per Share : R$2.25 (As of Mar. 2024)


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What is Las Vegasnds Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Las Vegasnds's adjusted free cash flow per share for the three months ended in Mar. 2024 was R$0.681. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is R$2.25 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Las Vegasnds's average Cyclically Adjusted FCF Growth Rate was -8.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -7.20% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -3.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Las Vegasnds was 44.90% per year. The lowest was -7.20% per year. And the median was 11.20% per year.

As of today (2024-06-09), Las Vegasnds's current stock price is R$47.30. Las Vegasnds's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$2.25. Las Vegasnds's Cyclically Adjusted Price-to-FCF of today is 21.02.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Las Vegasnds was 1064.83. The lowest was 11.39. And the median was 20.97.


Las Vegasnds Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Las Vegasnds's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Las Vegasnds Cyclically Adjusted FCF per Share Chart

Las Vegasnds Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 2.97 3.15 2.58 2.12

Las Vegasnds Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.55 2.45 2.35 2.12 2.25

Competitive Comparison of Las Vegasnds's Cyclically Adjusted FCF per Share

For the Resorts & Casinos subindustry, Las Vegasnds's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Las Vegasnds's Cyclically Adjusted Price-to-FCF Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Las Vegasnds's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Las Vegasnds's Cyclically Adjusted Price-to-FCF falls into.



Las Vegasnds Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Las Vegasnds's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.681/131.7762*131.7762
=0.681

Current CPI (Mar. 2024) = 131.7762.

Las Vegasnds Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.543 100.560 0.712
201409 0.558 100.428 0.732
201412 0.547 99.070 0.728
201503 0.289 99.621 0.382
201506 0.386 100.684 0.505
201509 0.456 100.392 0.599
201512 0.587 99.792 0.775
201603 0.424 100.470 0.556
201606 0.498 101.688 0.645
201609 0.530 101.861 0.686
201612 0.775 101.863 1.003
201703 0.599 102.862 0.767
201706 0.806 103.349 1.028
201709 0.713 104.136 0.902
201712 0.895 104.011 1.134
201803 0.962 105.290 1.204
201806 0.887 106.317 1.099
201809 0.719 106.507 0.890
201812 0.971 105.998 1.207
201903 0.575 107.251 0.706
201906 -0.190 108.070 -0.232
201909 0.640 108.329 0.779
201912 1.048 108.420 1.274
202003 -0.867 108.902 -1.049
202006 -1.250 108.767 -1.514
202009 -1.012 109.815 -1.214
202012 -0.303 109.897 -0.363
202103 -0.714 111.754 -0.842
202106 -0.091 114.631 -0.105
202109 -0.384 115.734 -0.437
202112 0.010 117.630 0.011
202203 -0.663 121.301 -0.720
202206 -0.621 125.017 -0.655
202209 -0.439 125.227 -0.462
202212 -0.379 125.222 -0.399
202303 0.352 127.348 0.364
202306 0.661 128.729 0.677
202309 0.660 129.860 0.670
202312 0.873 129.419 0.889
202403 0.681 131.776 0.681

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Las Vegasnds  (BSP:L1VS34) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Las Vegasnds's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=47.30/2.25
=21.02

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Las Vegasnds was 1064.83. The lowest was 11.39. And the median was 20.97.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Las Vegasnds Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Las Vegasnds's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Las Vegasnds (BSP:L1VS34) Business Description

Traded in Other Exchanges
Address
5500 Haven Street, Las Vegas, NV, USA, 89119
Las Vegas Sands is the world's largest operator of fully integrated resorts, featuring casino, hotel, entertainment, food and beverage, retail, and convention center operations. The company owns the Venetian Macao, Sands Macao, Londoner Macao, Four Seasons Hotel Macao, and Parisian Macao, as well as the Marina Bay Sands resort in Singapore. Its Venetian and Palazzo Las Vegas assets in the U.S. were sold to Apollo and VICI for $6.25 billion in 2022. We expect Sands to open a fourth tower in Singapore in 2029. With the sale of its Vegas assets, the company generates all its EBITDA from Asia, with its casino operations generating the majority of sales.

Las Vegasnds (BSP:L1VS34) Headlines

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