What is Las Vegasnds Earnings Yield (Joel Greenblatt) %?
Las Vegasnds's Enterprise Value for the quarter that ended in Mar. 2024 was $47,592 Mil.
Las Vegasnds's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $2,962 Mil. Las Vegasnds's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 6.22%.
The historical rank and industry rank for Las Vegasnds's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LVS'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.23 Med: 5.1 Max: 9.66
Current: 6.84
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Las Vegasnds was 9.66%. The lowest was -3.23%. And the median was 5.10%.
LVS's Earnings Yield (Joel Greenblatt) % is ranked better than 66.12% of 853
companies
in the Travel & Leisure industry
Industry Median: 4.18
vs LVS: 6.84
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Las Vegasnds's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Las Vegasnds Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Las Vegasnds's Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Las Vegasnds's Earnings Yield (Joel Greenblatt) %
For the Resorts & Casinos subindustry, Las Vegasnds's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Las Vegasnds's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Las Vegasnds's Earnings Yield (Joel Greenblatt) % falls into.
Las Vegasnds Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Las Vegasndss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Las Vegasnds's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,962 Mil.
Las Vegasnds (NYSE:LVS) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Las Vegasnds Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Las Vegasnds's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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