Las Vegas Sands Corp. (LVS) vs MGM Resorts International (MGM)

Las Vegas Sands Corp. and MGM Resorts International are both Resorts & Casinos companies. Las Vegas Sands Corp. is the larger, with a market value of $24.8B against $7.4B — 3.3× the size. Las Vegas Sands Corp. trades at the lower P/E: 14.7× against 17.0×. Las Vegas Sands Corp. grew revenue faster over the last twelve months: 18.1% against 3.19%. Las Vegas Sands Corp. has the higher net margin (12.6% vs 2.36%) and the higher return on invested capital (14.4% vs 9.23%). Across the 21 metrics below, Las Vegas Sands Corp. leads on 12 and MGM Resorts International on 9.

Valuation

Metric LVS MGM Resorts & Casinos median
P/E 14.73 16.95 17.15
P/S 1.81 0.41 0.53
P/B 27.71 2.15 2.09
Price to free cash flow 9.16 3.59 9.94
EV/EBITDA 8.11 4.54 8.87
EV/Sales 2.68 0.64 1.78
Earnings yield 6.79% 5.90% 1.35%
Free cash flow yield 10.91% 27.84% 7.20%

Profitability

Metric LVS MGM Resorts & Casinos median
Gross margin 48.52% 44.16% 50.85%
Operating margin 21.49% 5.73% 10.41%
Net margin 12.59% 2.36% 1.28%
Free cash flow margin 19.78% 11.34% 4.23%
Return on equity 108.65% 11.82% 5.28%
Return on assets 8.27% 1.03% 0.57%
Return on invested capital 14.41% 9.23% 5.61%

Growth

Metric LVS MGM Resorts & Casinos median
Revenue growth (TTM) 18.11% 3.19% 2.76%
EPS growth (last fiscal year) 19.90% (68.33%) 8.54%
Revenue growth, 5-year CAGR 34.66% 27.71% 24.21%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric LVS MGM Resorts & Casinos median
Debt to equity 17.01 1.80 1.94
Current ratio 1.00 1.34 0.91
Net debt to EBITDA 2.70 1.79 3.48

Dividend

Metric LVS MGM Resorts & Casinos median
Dividend yield 3.03% — 1.94%
Payout ratio 0.45 — 0.37

Size

Metric LVS MGM Resorts & Casinos median
Market cap 24.82b 7.42b 2.44b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack