- Las Vegas Sands reported a 4Q net revenue of $2.90 billion, slightly higher than the estimated $2.86 billion.
- Net earnings per share (EPS) were 45 cents, compared to 50 cents the previous year.
- Adjusted property EBITDA stood at $1.11 billion, matching the estimates despite being down 7.5% year-over-year (y/y).
- The Venetian Macao’s adjusted property EBITDA was $250 million, below the $289.1 million estimate, showing a 17% decline y/y.
- The Londoner Macao’s adjusted property EBITDA was $144 million, exceeding the $124.4 million estimate despite a 24% decline y/y.
- The Parisian Macao’s adjusted property EBITDA slightly increased by 1.5% y/y to $69 million, but missed the $81.3 million estimate.
- Plaza Macao & Four Seasons Macao adjusted property EBITDA rose 17% y/y to $83 million, missing the $98.2 million estimate.
- Sands Macao achieved an 18% increase y/y in adjusted property EBITDA to $20 million, beating the $14.2 million estimate.
- Marina Bay Sands reported a slight 1.3% EBITDA decline y/y to $537 million, exceeding the $511.5 million estimate.
- The Venetian Macao rolling chip volume decreased 40% y/y to $746 million, below the estimated $1.24 billion.
- The Londoner Macao rolling chip volume was down 20% y/y to $1.85 billion, lower than the estimated $2.1 billion.
- The Parisian Macao saw a 94% increase in rolling chip volume y/y to $60 million, although it missed the $134 million estimate.
- The Plaza Macao & Four Seasons rolling chip volume decreased 27% y/y to $1.75 billion, missing the $2.73 billion estimate.
- Sands Macao rolling chip volume significantly increased from $28 million y/y to $69 million, surpassing the $38.2 million estimate.
- Marina Bay Sands recorded an 11% increase in rolling chip volume y/y to $8.07 billion, exceeding the $7.41 billion estimate.
- The Venetian Macao’s non-rolling chip drop fell 5.9% y/y to $2.31 billion, below the estimated $2.53 billion.
- The Londoner Macao non-rolling chip drop increased 2.1% quarter-over-quarter (q/q) to $1.63 billion, missing the $1.75 billion estimate.
- The Parisian Macao’s non-rolling chip drop increased 5.5% y/y to $821 million, but fell short of the $992.4 million estimate.
- Plaza Macao & Four Seasons non-rolling chip drop rose 11% y/y to $759 million, surpassing the $731.4 million estimate.
- Sands Macao non-rolling chip drop decreased 5.1% y/y to $389 million, below the $417.4 million estimate.
- Marina Bay Sands saw a 24% increase in non-rolling chip drop y/y to $2.34 billion, exceeding the $2.08 billion estimate.
- The Venetian Macao slot handle increased 7.3% y/y to $1.47 billion, though it didn’t reach the $1.77 billion estimate.
- The Londoner Macao slot handle decreased 6.4% y/y to $1.60 billion, slightly surpassing the $1.56 billion estimate.
- The Parisian Macao slot handle increased 34% y/y to $858 million, above the $832.8 million estimate.
- Plaza Macao & Four Seasons slot handle was recorded at $29 million.
- Sands Macao slot handle rose 11% y/y to $527 million, but fell short of the $549 million estimate.
- Marina Bay Sands slot handle increased 5.6% y/y to $6.57 billion, exceeding the $6.23 billion estimate.
- Capital expenditure was $547 million, up 68% y/y, but below the estimated
Las Vegas Sands on Smartkarma
Analyst coverage of Las Vegas Sands on Smartkarma reveals insights from Baptista Research. In their report titled “Las Vegas Sands Corp.: Expansion and Renovation of Property Portfolio & Enhancing Non-Gaming Offerings To Catapult Growth! – Major Drivers,” the analyst highlighted the company’s resilience despite property renovations, emphasizing strategic investments in Macao and Singapore. Baptista Research aims to evaluate various influencing factors on the company’s future stock price and conduct an independent valuation using the Discounted Cash Flow (DCF) methodology.
Additionally, Baptista Research shared their analysis in another report titled “Las Vegas Sands Corp.: Competitive Positioning and Market Recovery Dynamics Driving Our Optimism! – Major Drivers,” discussing the company’s performance amid a challenging landscape. The report acknowledges the dual successes and challenges faced by Las Vegas Sands, particularly in Macao and Singapore markets. This balanced view presented by Baptista Research sheds light on the corporation’s strategies and market dynamics impacting its overall competitive positioning.
A look at Las Vegas Sands Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Las Vegas Sands Corp., a company that operates casino resorts and convention centers in the United States, Macau, and Singapore, is seeing a positive long-term outlook based on the Smartkarma Smart Scores. With high scores in areas like growth and dividends, Las Vegas Sands is showing strong potential for future expansion and returns. The company’s focus on providing a wide range of gaming activities, entertainment, accommodations, and hosting various events positions it well for continued growth in the industry.
While Las Vegas Sands may have lower scores in areas like value and resilience, its strong performance in growth and dividends indicates a promising future. Investors looking for a company with solid growth opportunities and a focus on rewarding shareholders through dividends may find Las Vegas Sands an attractive long-term investment option in the casino and entertainment sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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