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 $25.7B against $8.2B — 3.1× the size. MGM Resorts International trades at the lower P/E: 11.2× against 16.7×. Las Vegas Sands Corp. grew revenue faster over the last twelve months: 10.9% against 2.57%. Las Vegas Sands Corp. has the higher net margin (11.9% vs 3.87%) and the higher return on invested capital (14.3% vs 11.8%). Across the 20 metrics below, Las Vegas Sands Corp. leads on 11 and MGM Resorts International on 9.

Valuation

Metric LVS MGM Resorts & Casinos median
P/E 16.70 11.24 16.84
P/S 1.92 0.46 0.57
P/B n/m 2.43 2.02
Price to free cash flow 10.86 4.24 10.86
EV/EBITDA 8.80 4.83 8.92
EV/Sales 2.85 0.68 1.79
Earnings yield 5.99% 8.90% 2.61%
Free cash flow yield 9.21% 23.58% 7.35%

Profitability

Metric LVS MGM Resorts & Casinos median
Gross margin 47.52% 43.62% 47.52%
Operating margin 20.93% 7.04% 12.21%
Net margin 11.85% 3.87% 3.87%
Free cash flow margin 17.69% 10.87% 5.15%
Return on equity 184.02% 20.22% 19.64%
Return on assets 7.88% 1.70% 1.70%
Return on invested capital 14.27% 11.75% 6.38%

Growth

Metric LVS MGM Resorts & Casinos median
Revenue growth (TTM) 10.93% 2.57% 3.08%
EPS growth (last fiscal year) 19.90% (68.33%) 3.45%
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 (134.30) 1.68 0.06
Current ratio 0.83 1.24 0.91
Net debt to EBITDA 2.70 1.79 4.00

Dividend

Metric LVS MGM Resorts & Casinos median
Dividend yield 2.93% — 1.98%
Payout ratio 0.49 — 0.49

Size

Metric LVS MGM Resorts & Casinos median
Market cap 25.66b 8.23b 3.32b

Compare with another peer

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