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Las Vegasnds (WBO:LVSC) Cyclically Adjusted FCF per Share : €2.07 (As of Mar. 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 Mar. 2024 was €0.629. 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 €2.07 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Las Vegasnds's average Cyclically Adjusted FCF Growth Rate was -10.00% 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 (2024-04-27), Las Vegasnds's current stock price is €42.57. Las Vegasnds's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €2.07. Las Vegasnds's Cyclically Adjusted Price-to-FCF of today is 20.57.

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 21.04.


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 2.82 2.30 2.43 2.30 2.08

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 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 2.27 2.26 2.29 2.08 2.07

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 Mar. 2024 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.629/129.4194*129.4194
=0.629

Current CPI (Mar. 2024) = 129.4194.

Las Vegasnds Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.894 100.560 1.151
201409 0.926 100.428 1.193
201412 0.840 99.070 1.097
201503 0.424 99.621 0.551
201506 0.553 100.684 0.711
201509 0.520 100.392 0.670
201512 0.694 99.792 0.900
201603 0.515 100.470 0.663
201606 0.647 101.688 0.823
201609 0.725 101.861 0.921
201612 1.095 101.863 1.391
201703 0.895 102.862 1.126
201706 1.088 103.349 1.362
201709 0.954 104.136 1.186
201712 1.148 104.011 1.428
201803 1.190 105.290 1.463
201806 1.007 106.317 1.226
201809 0.750 106.507 0.911
201812 1.099 105.998 1.342
201903 0.662 107.251 0.799
201906 -0.218 108.070 -0.261
201909 0.705 108.329 0.842
201912 1.148 108.420 1.370
202003 -0.803 108.902 -0.954
202006 -1.069 108.767 -1.272
202009 -0.796 109.815 -0.938
202012 -0.242 109.897 -0.285
202103 -0.532 111.754 -0.616
202106 -0.075 114.631 -0.085
202109 -0.309 115.734 -0.346
202112 0.008 117.630 0.009
202203 -0.605 121.301 -0.645
202206 -0.582 125.017 -0.602
202209 -0.423 125.227 -0.437
202212 -0.341 125.222 -0.352
202303 0.316 127.348 0.321
202306 0.628 128.729 0.631
202309 0.626 129.860 0.624
202312 0.817 129.419 0.817
202403 0.629 129.419 0.629

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


Las Vegasnds  (WBO:LVSC) 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
=42.57/2.07
=20.57

* 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 21.04.


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 (WBO:LVSC) 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.

Las Vegasnds (WBO:LVSC) Headlines

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