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Las Vegasnds (BSP:L1VS34) Cyclically Adjusted Price-to-FCF : 21.43 (As of Apr. 29, 2024)


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What is Las Vegasnds Cyclically Adjusted Price-to-FCF?

As of today (2024-04-29), Las Vegasnds's current share price is R$47.35. Las Vegasnds's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was R$2.21. Las Vegasnds's Cyclically Adjusted Price-to-FCF for today is 21.43.

The historical rank and industry rank for Las Vegasnds's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BSP:L1VS34' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.39   Med: 21.04   Max: 1064.83
Current: 20.28

During the past years, Las Vegasnds's highest Cyclically Adjusted Price-to-FCF was 1064.83. The lowest was 11.39. And the median was 21.04.

BSP:L1VS34's Cyclically Adjusted Price-to-FCF is ranked better than
53.14% of 350 companies
in the Travel & Leisure industry
Industry Median: 21.67 vs BSP:L1VS34: 20.28

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 adjusted free cash flow per share data for the three months ended in Mar. 2024 was R$0.681. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is R$2.21 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Las Vegasnds Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Las Vegasnds's Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Chart

Las Vegasnds Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.04 20.63 13.42 19.03 21.28

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 Price-to-FCF 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 23.03 23.69 19.19 21.28 23.07

Competitive Comparison of Las Vegasnds's Cyclically Adjusted Price-to-FCF

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 Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Las Vegasnds's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=47.35/2.21
=21.43

* 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.

Las Vegasnds's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

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)
=0.681/129.4194*129.4194
=0.681

Current CPI (Mar. 2024) = 129.4194.

Las Vegasnds Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.543 100.560 0.699
201409 0.558 100.428 0.719
201412 0.547 99.070 0.715
201503 0.289 99.621 0.375
201506 0.386 100.684 0.496
201509 0.456 100.392 0.588
201512 0.587 99.792 0.761
201603 0.424 100.470 0.546
201606 0.498 101.688 0.634
201609 0.530 101.861 0.673
201612 0.775 101.863 0.985
201703 0.599 102.862 0.754
201706 0.806 103.349 1.009
201709 0.713 104.136 0.886
201712 0.895 104.011 1.114
201803 0.962 105.290 1.182
201806 0.887 106.317 1.080
201809 0.719 106.507 0.874
201812 0.971 105.998 1.186
201903 0.575 107.251 0.694
201906 -0.190 108.070 -0.228
201909 0.640 108.329 0.765
201912 1.048 108.420 1.251
202003 -0.867 108.902 -1.030
202006 -1.250 108.767 -1.487
202009 -1.012 109.815 -1.193
202012 -0.303 109.897 -0.357
202103 -0.714 111.754 -0.827
202106 -0.091 114.631 -0.103
202109 -0.384 115.734 -0.429
202112 0.010 117.630 0.011
202203 -0.663 121.301 -0.707
202206 -0.621 125.017 -0.643
202209 -0.439 125.227 -0.454
202212 -0.379 125.222 -0.392
202303 0.352 127.348 0.358
202306 0.661 128.729 0.665
202309 0.660 129.860 0.658
202312 0.873 129.419 0.873
202403 0.681 129.419 0.681

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


Las Vegasnds  (BSP:L1VS34) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Las Vegasnds Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Las Vegasnds's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Las Vegasnds (BSP:L1VS34) Business Description

Traded in Other Exchanges
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 (BSP:L1VS34) Headlines

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