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Las Vegasnds (LTS:0QY4) Cyclically Adjusted FCF per Share : $2.20 (As of Jun. 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 Jun. 2024 was $0.709. 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 $2.20 for the trailing ten years ended in Jun. 2024.

During the past 12 months, Las Vegasnds's average Cyclically Adjusted FCF Growth Rate was -10.20% 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 (2024-09-23), Las Vegasnds's current stock price is $41.7495. Las Vegasnds's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2024 was $2.20. Las Vegasnds's Cyclically Adjusted Price-to-FCF of today is 18.98.

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 20.58.


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 3.13 2.76 2.79 2.50 2.32

Las Vegasnds Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 2.47 2.39 2.32 2.28 2.20

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 Jun. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=0.709/132.5538*132.5538
=0.709

Current CPI (Jun. 2024) = 132.5538.

Las Vegasnds Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201409 1.193 100.428 1.575
201412 1.036 99.070 1.386
201503 0.459 99.621 0.611
201506 0.620 100.684 0.816
201509 0.583 100.392 0.770
201512 0.756 99.792 1.004
201603 0.574 100.470 0.757
201606 0.727 101.688 0.948
201609 0.814 101.861 1.059
201612 1.155 101.863 1.503
201703 0.957 102.862 1.233
201706 1.222 103.349 1.567
201709 1.138 104.136 1.449
201712 1.359 104.011 1.732
201803 1.467 105.290 1.847
201806 1.176 106.317 1.466
201809 0.875 106.507 1.089
201812 1.250 105.998 1.563
201903 0.748 107.251 0.924
201906 -0.246 108.070 -0.302
201909 0.776 108.329 0.950
201912 1.276 108.420 1.560
202003 -0.887 108.902 -1.080
202006 -1.204 108.767 -1.467
202009 -0.937 109.815 -1.131
202012 -0.295 109.897 -0.356
202103 -0.634 111.754 -0.752
202106 -0.090 114.631 -0.104
202109 -0.364 115.734 -0.417
202112 0.009 117.630 0.010
202203 -0.666 121.301 -0.728
202206 -0.615 125.017 -0.652
202209 -0.419 125.227 -0.444
202212 -0.361 125.222 -0.382
202303 0.338 127.348 0.352
202306 0.681 128.729 0.701
202309 0.668 129.860 0.682
202312 0.891 129.419 0.913
202403 0.684 131.776 0.688
202406 0.709 132.554 0.709

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


Las Vegasnds  (LTS:0QY4) 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
=41.7495/2.2
=18.98

* 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 20.58.


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 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.

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