Please i need this done within 24hours

profileskah
accountinganasly1.docx

Las Vegas Sands Corp operates fully integrated resorts with casino, hotel, and entertainment. The company owns the Venetian Macao, Sands Macao, in Macau, the Marina Bay Sands resort in Singapore, the Venetian and Sands Bethlehem casinos in the United States.

Financials

Las Vegas Sands Corp has a market cap of $58.76 billion; its shares were traded at around $74.33 with a P/E ratio of 20.99 and P/S ratio of 4.68. The dividend yield of Las Vegas Sands Corp stocks is 3.93%. Las Vegas Sands Corp had annual average EBITDA growth of 15.50% over the past ten years. For the last quarter Las Vegas Sands Corp reported revenue of $3.4 billion, compared with the revenue of $3.1 billion during the same period a year ago. For the latest fiscal year the company reported revenue of $12.9 billion, an increase of 12.9% from last year. For the last five years Las Vegas Sands Corp had an average revenue decline of 0.2% a year.

The reported diluted earnings per share were $3.54 for the year, an increase of 68.6% from previous year. Over the last five years Las Vegas Sands Corp had an EPS growth rate of 6% a year. The Las Vegas Sands Corp enjoyed an operating margin of 26.87%, compared with the operating margin of 21.85% a year before. The 10 year historical median operating margin of Las Vegas Sands Corp is 21.31%. The profitability rank of the company is 9 (out of 10). At the current stock price of $74.33, Las Vegas Sands Corp is traded at 24.3% premium to its historical median P/S Valuation Band of $59.81. The P/S ratio of the stock is 4.68, while the historical median P/S ratio is 3.79. The intrinsic value of the stock is $37.88 a share the stock gained 49.22% during the past 12 months.

10k Report

Las Vegas sands remain steadfast in the commitment to returned excess capital to shareholders, and it is gratifying that they were able to return nearly $2.3 billion of capital to shareholders during the year through there recurring quarterly dividend program. They also increased recurring dividend for the sixth consecutive year, to $2.92 per share for the 2017 calendar year. The balance sheet strength allows them to continue to return excess capital to shareholders while maintaining the ability to invest in promising new development opportunities. In Las Vegas, the market continued to improve in 2016,it generated growth in adjusted property EBITDA.

Risk factors

The business is particularly sensitive to reductions in discretionary consumer and corporate spending as a result of downturns in the economy. A failure to establish and protect IP rights could have a material adverse effect on the business, financial condition and results of operations. They face the risk of fraud and cheating. Natural or man-made disasters, an outbreak of highly infectious disease, terrorist activity or war could adversely affect the number of visitors to the facilities and disrupt the operations, resulting in a material adverse effect on the business, financial condition, results of operations and cash flows.

Financials

Consolidated net revenues were $11.41 billion for the year ended December 31, 2016; a decrease of $278 million compared to $11.69 billion for the year ended December 31, 2015. Consolidated net revenues were $11.69 billion for the year ended December 31, 2015; a decrease of $2.90 billion compared to $14.58 billion for the year ended December 31, 2014. The decrease in net revenues was driven by decreases of $168 million at the Macao operations and $153 million at Marina Bay Sands, primarily due to decreased casino revenues, partially offset by a $29 million increase at the Las Vegas Operating Properties, driven by increased room revenues.

Adjusted property EBITDA at Las Vegas Operating Properties increased $51 million compared to the year ended December 31, 2015. The increase was primarily due to increased room revenues, partially offset by a decrease in casino operations. Adjusted property EBITDA at Sands Bethlehem increased $5 million compared to the year ended December 31, 2015. Adjusted property EBITDA at the Macao operations increased $22 million compared in 2017 to the year ended December 31, 2016, The net cash generated from operating activities increased $593 million compared to the year ended December 31, 2015. The increase was primarily attributable to changes in the working capital accounts, consisting primarily of changes in accounts receivable and other accrued liabilities, partially offset by the decrease in net income December 31, 2015.

Auditor’s opinion

In the auditor’s opinion, consolidated financial statements present fairly, in all material respects, the financial position of Las Vegas Sands Corp. and subsidiaries at December 31, 2017 and 2016, and the results of their operations and their cash flows for each of the three years in the period ended December 31, 2017, in conformity with accounting principles generally accepted in the United States of America. Also, in auditor’s opinion, such financial statement schedule, when considered in relation to the basic consolidated financial statements taken as a whole, presents fairly, in all material respects, the information set forth therein. , based on the criteria established in Internal Control-Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission and the report dated February 24, 2018 expressed an unqualified opinion on the Company's internal control over financial reporting.

SWOT analysis

Strengths

· It’s geographically well-diversified within the popular casino destinations in the world.

· Its financial health has improved since the recession—compared to its competitors like MGM Resorts (MGM),

Weakness

It doesn’t own one of three concessions given by the Macao government. It owns a sub concession from Galaxy Entertainment.

Opportunity

Draws a significant number of customers. The customers are visitors or residents 

Threats

· The Macao government, with the consent of Galaxy Entertainment, may terminate the sub concession under certain circumstances. The sub concession agreement expires on June 26, 2022.

References

Las vegas Sands Corp annual 10k report: Retrieved from

http://www.annualreports.com/Company/las-vegas-sands-corp

http://www.annualreports.com/HostedData/AnnualReportArchive/l/NYSE_LVS_2015.pdf

http://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_LVS_2016.pdf

Shawn. B (2017): A SWOT analysis of Las Vegas Sands Retrieved from

https://marketrealist.com/2014/09/must-know-swot-analysis-las-vegas-sands