Las Vegas Sands Corp. Stock Drops Monday, Fails to Keep Up with Market

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On Monday, the stock of Las Vegas Sands ($NYSE:LVS) Corp. (LVS) failed to keep up with the overall market, dropping significantly in value. LVS is a casino and resort company headquartered in Las Vegas, Nevada. The company owns and operates a range of properties in the U.S., Europe, and Asia that include The Venetian Resort, the Palazzo, and the Sands Expo and Convention Center.

Additionally, the company has developed casino resorts in Macau, Singapore, and Bethlehem, Pennsylvania. Despite the drop in stock value Monday, it had grown steadily prior to that day, rising nearly 50% since the start of the year.

Market Price

This marks a stark contrast to the Dow Jones Industrial Average, which rose by over 1% in the same period. Analysts attributed the sharp decline in LVS stock to a lack of investor confidence in the company. The market’s reaction to LVS’ stock is in stark contrast to other major operators in the Las Vegas Strip, such as MGM Resorts International and Wynn Resorts, which both saw their stocks rise by over 3% on Monday. Consequently, investors should proceed with caution when considering purchasing shares of LVS stock. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for LVS. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for LVS. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for LVS. More…

Key Ratios Snapshot

Some of the financial key ratios for LVS are shown below. More…

Analysis

At GoodWhale, we recently performed an analysis of Las Vegas Sands’ wellbeing. According to our Star Chart system, Las Vegas Sands has an intermediate health score of 5/10 with regard to its cashflows and debt. This indicates that Las Vegas Sands is likely to be able to pay off its debt and fund future operations. Additionally, our system classified Las Vegas Sands as ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Investors who are looking for steady growth and dividend payments in the near-term may find Las Vegas Sands to be of interest. Overall, we have concluded that Las Vegas Sands is strong in liquidity, medium in profitability, and weak in asset utilization, dividend payments, and growth. Despite these weaknesses, the company’s moderate revenue and earnings growth make it an attractive option for certain investors. More…

Peers

The Las Vegas Sands Corp is one of the largest casino operators in the world and its competitors include Monarch Casino & Resort Inc, NagaCorp Ltd, and Eumundi Group Ltd. The company has been in operation for over 50 years and has a strong presence in the US, Asia, and Europe. The company’s competitors are all large, well-established companies with a strong presence in their respective markets. Las Vegas Sands Corp has a strong brand and a loyal customer base. The company’s competitors are all large, well-funded companies with a strong presence in their respective markets.

– Monarch Casino & Resort Inc ($NASDAQ:MCRI)

Monarch Casino & Resort Inc is a holding company that, through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel and casino located in Reno, Nevada, and the Monarch Black Hawk Casino Resort in Black Hawk, Colorado. The company has a market cap of 1.16B and a ROE of 17.26%. The Atlantis Casino Resort Spa is a AAA Four Diamond award-winning hotel and casino that features over 11,000 square feet of gaming space, including a poker room, race and sports book, and over 600 slot machines and table games. The Monarch Black Hawk Casino Resort is a AAA Three Diamond award-winning hotel and casino that features over 500 slot machines and 26 table games.

– NagaCorp Ltd ($SEHK:03918)

NagaCorp Ltd is a casino operator based in Cambodia. The company has a market cap of 17.7B as of 2022 and a return on equity of 0.7%. NagaCorp operates the NagaWorld casino resort in Phnom Penh, Cambodia. The company also has interests in online gaming, hotels, and restaurants.

– Eumundi Group Ltd ($ASX:EBG)

Eumundi Group Ltd is a holding company that operates through its subsidiaries. The company operates in two segments: businesses and real estate. The businesses segment includes businesses that provide services such as marketing, advertising, and event management. The real estate segment includes properties that are leased to third-party tenants.

Eumundi Group Ltd has a market cap of 47.33M as of 2022. The company has a return on equity of 11.53%.

The company operates in two segments: businesses and real estate. The businesses segment includes businesses that provide services such as marketing, advertising, and event management. The real estate segment includes properties that are leased to third-party tenants.

Summary

Las Vegas Sands Corp. (LVS) experienced a decrease in its stock price on Monday, underperforming the overall market.

However, the stock price rose slightly by the end of the day, indicating that investors are starting to show more confidence in the company. Economic news and other market factors likely influenced the stock’s performance. It is important for investors to stay up-to-date with the latest news surrounding LVS and to conduct a thorough analysis of the company before making any investment decisions. Analysts suggest that the current market climate may present an opportunity for investors who are willing to take risks.