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Las Vegasnds (Las Vegasnds) Cyclically Adjusted Price-to-FCF : 20.29 (As of Apr. 28, 2024)


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What is Las Vegasnds Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Las Vegasnds's current share price is $45.45. Las Vegasnds's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.24. Las Vegasnds's Cyclically Adjusted Price-to-FCF for today is 20.29.

The historical rank and industry rank for Las Vegasnds's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

LVS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.39   Med: 21.04   Max: 1064.83
Current: 20.28

During the past years, Las Vegasnds's highest Cyclically Adjusted Price-to-FCF was 1064.83. The lowest was 11.39. And the median was 21.04.

LVS's Cyclically Adjusted Price-to-FCF is ranked better than
52.33% of 344 companies
in the Travel & Leisure industry
Industry Median: 21.485 vs LVS: 20.28

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 adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.684. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $2.24 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Las Vegasnds Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Las Vegasnds's Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Chart

Las Vegasnds Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.04 20.63 13.42 19.03 21.28

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 Price-to-FCF 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 23.03 23.69 19.19 21.28 23.07

Competitive Comparison of Las Vegasnds's Cyclically Adjusted Price-to-FCF

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 Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=45.45/2.24
=20.29

* 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.

Las Vegasnds's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

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)
=0.684/129.4194*129.4194
=0.684

Current CPI (Mar. 2024) = 129.4194.

Las Vegasnds Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 1.215 100.560 1.564
201409 1.193 100.428 1.537
201412 1.036 99.070 1.353
201503 0.459 99.621 0.596
201506 0.620 100.684 0.797
201509 0.583 100.392 0.752
201512 0.756 99.792 0.980
201603 0.574 100.470 0.739
201606 0.727 101.688 0.925
201609 0.814 101.861 1.034
201612 1.155 101.863 1.467
201703 0.957 102.862 1.204
201706 1.222 103.349 1.530
201709 1.138 104.136 1.414
201712 1.359 104.011 1.691
201803 1.467 105.290 1.803
201806 1.176 106.317 1.432
201809 0.875 106.507 1.063
201812 1.250 105.998 1.526
201903 0.748 107.251 0.903
201906 -0.246 108.070 -0.295
201909 0.776 108.329 0.927
201912 1.276 108.420 1.523
202003 -0.887 108.902 -1.054
202006 -1.204 108.767 -1.433
202009 -0.937 109.815 -1.104
202012 -0.295 109.897 -0.347
202103 -0.634 111.754 -0.734
202106 -0.090 114.631 -0.102
202109 -0.364 115.734 -0.407
202112 0.009 117.630 0.010
202203 -0.666 121.301 -0.711
202206 -0.615 125.017 -0.637
202209 -0.419 125.227 -0.433
202212 -0.361 125.222 -0.373
202303 0.338 127.348 0.343
202306 0.681 128.729 0.685
202309 0.668 129.860 0.666
202312 0.891 129.419 0.891
202403 0.684 129.419 0.684

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


Las Vegasnds  (NYSE:LVS) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Las Vegasnds Cyclically Adjusted Price-to-FCF Related Terms

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


Las Vegasnds (Las Vegasnds) Business Description

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.
Executives
Miriam Adelson 10 percent owner 5500 HAVEN STREET, LAS VEGAS NV 89119
Charles D Forman director 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Yibing Mao director C/O LAS VEGAS SANDS CORP., 3355 LAS VEGAS BLVD SOUTH, LAS VEGAS NV 89109
Nora M. Jordan director 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
D. Zachary Hudson officer: EVP and Global General Counsel 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Xuan Yan director 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Lawrence A Jacobs officer: EVP & Global General Counsel THE NEWS CORPORATION LIMITED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Robert G Goldstein officer: Senior Vice President 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
George Jamieson director C/O LAS VEGAS SANDS CORP, 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Lewis Kramer director C/O L-3 COMMUNICATIONS CORPORATION, 600 THIRD AVENUE, NEW YORK NY 10016
Randy Hyzak officer: SVP, Chief Accounting Officer C/O FREESCALE SEMICONDUCTOR, INC., 6501 WILLIAM CANNON DRIVE WEST, AUSTIN TX 78735
Patrick Dumont officer: Principal Financial Officer 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Stephanie Marz officer: Principal Accounting Officer 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
George Tanasijevich officer: Pres & CEO, Marina Bay Sands LAS VEGAS SANDS CORP., 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Ira H Raphaelson officer: EVP & Global General Counsel LAS VEGAS SANDS CORP., 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109