Definitive Analysis
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

Las Vegas Sands Corp. (LVS)

Company Dividend Discount ModelIndustry: Gambling, Resorts & CasinosSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$9.66 - $12.96$11.36
Multi-Stage$19.83 - $21.83$20.81
Blended Fair Value$16.09
Current Price$53.79
Upside-70.09%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-24.26%-13.04%0.830.430.000.000.853.343.323.274.133.82
YoY Growth--93.44%0.00%0.00%-100.00%-74.52%0.64%1.77%-20.96%8.02%13.41%
Dividend Yield--2.16%0.81%0.00%0.00%1.40%7.87%5.25%4.54%7.24%7.40%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,556.00
(-) Cash Dividends Paid (M)809.00
(=) Cash Retained (M)747.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)311.20194.50116.70
Cash Retained (M)747.00747.00747.00
(-) Cash Required (M)-311.20-194.50-116.70
(=) Excess Retained (M)435.80552.50630.30
(/) Shares Outstanding (M)707.75707.75707.75
(=) Excess Retained per Share0.620.780.89
LTM Dividend per Share1.141.141.14
(+) Excess Retained per Share0.620.780.89
(=) Adjusted Dividend1.761.922.03
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate-7.70%-6.70%-5.70%
Fair Value$9.66$11.36$12.96
Upside / Downside-82.04%-78.88%-75.91%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,556.001,451.711,354.421,263.641,178.951,099.931,132.93
Payout Ratio51.99%59.59%67.20%74.80%82.40%90.00%92.50%
Projected Dividends (M)809.00865.13910.11945.16971.44989.941,047.96

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate-7.70%-6.70%-5.70%
Year 1 PV (M)784.49792.99801.49
Year 2 PV (M)748.34764.64781.12
Year 3 PV (M)704.72727.88751.53
Year 4 PV (M)656.79685.72715.60
Year 5 PV (M)606.91640.51675.58
PV of Terminal Value (M)10,535.9511,119.2111,728.02
Equity Value (M)14,037.2014,730.9415,453.33
Shares Outstanding (M)707.75707.75707.75
Fair Value$19.83$20.81$21.83
Upside / Downside-63.13%-61.31%-59.41%

High-Yield Dividend Screener

« Prev Page 10 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
ESPEspey Mfg. & Electronics Corp.3.53%$1.6554.01%
F-PCFord Motor Company 6% Notes due3.53%$0.7463.45%
TECTPTectonic Financial, Inc.3.53%$0.3879.28%
AMFCXAmerican Funds American Mutual Fund3.52%$2.0690.87%
CRCCalifornia Resources Corporation3.52%$1.6435.94%
FAFFirst American Financial Corporation3.51%$2.1446.13%
GICGlobal Industrial Company3.51%$1.0358.36%
0R0G.LMondelez International, Inc.3.50%$1.8969.92%
DCPDCP Midstream, LP3.50%$1.4634.00%
LWLamb Weston Holdings, Inc.3.50%$1.4870.35%
WSOWatsco, Inc.3.50%$12.1683.88%
0QYY.LHarley-Davidson, Inc.3.49%$0.7217.57%
LKFNLakeland Financial Corporation3.49%$1.9752.13%
TRSTTrustCo Bank Corp NY3.49%$1.4448.14%
OMCOmnicom Group Inc.3.47%$2.8341.26%
PROVProvident Financial Holdings, Inc.3.47%$0.5561.73%
UTLUnitil Corporation3.47%$1.7061.75%
BF-ABrown-Forman Corporation3.45%$0.9152.84%
COFSChoiceOne Financial Services, Inc.3.45%$1.0070.38%
FCBPFirst Choice Bancorp3.45%$1.0034.34%
NXSTNexstar Media Group, Inc.3.45%$7.2042.75%
STBAS&T Bancorp, Inc.3.45%$1.3529.75%
VABKVirginia National Bankshares Corporation3.45%$1.3755.94%
F-PBFord Motor Company 6.20% Notes3.44%$0.7463.45%
0K3B.LThe Mosaic Company3.43%$0.8722.53%
CPFCentral Pacific Financial Corp.3.43%$1.0743.87%
CTBICommunity Trust Bancorp, Inc.3.43%$1.9337.41%
IIINInsteel Industries, Inc.3.43%$1.1153.05%
JJSFJ&J Snack Foods Corp.3.43%$3.1192.62%
TMPTompkins Financial Corporation3.43%$2.4942.22%
ALRSAlerus Financial Corporation3.41%$0.7739.09%
CNXCConcentrix Corporation3.41%$1.4028.16%
FBPFirst BanCorp.3.41%$0.7134.06%
GLOClough Global Opportunities Fund3.41%$0.1915.90%
OPBKOP Bancorp3.41%$0.4830.19%
PHXPHX Minerals Inc.3.39%$0.1581.44%
WHGWestwood Holdings Group, Inc.3.39%$0.6073.76%
SCVLShoe Carnival, Inc.3.38%$0.5928.17%
OGSONE Gas, Inc.3.37%$2.6161.93%
VALUValue Line, Inc.3.36%$1.2555.36%
WTRGEssential Utilities, Inc.3.36%$1.3054.79%
AVNTAvient Corporation3.35%$1.0686.14%
KTBKontoor Brands, Inc.3.35%$2.0653.00%
VCTRVictory Capital Holdings, Inc.3.35%$2.1548.89%
WAFDWaFd, Inc.3.35%$1.0837.44%
PBProsperity Bancshares, Inc.3.34%$2.3241.44%
PFGPrincipal Financial Group, Inc.3.34%$2.9943.04%
EVBNEvans Bancorp, Inc.3.33%$1.3160.97%
NFYSEnphys Acquisition Corp.3.33%$0.3768.70%
KMPRKemper Corporation3.32%$1.3132.45%