Las Vegas Sands Stock Is Insanely Cheap
By almost any measure, Las Vegas Sands (NYSE: LVS) stock seems incredibly cheap as we look forward to the world moving beyond the coronavirus pandemic. The company's market cap of $37.5 billion is just seven times 2019's $5.39 billion in property EBITDA, a proxy for judging the cash flow from resorts and casinos.
2020 was obviously devastating to the business, with Asia's lockdowns even more harmful than those in the U.S. But with vaccines being distributed around the globe and pent-up demand ready to burst, this might be the cheapest way to invest in the gambling industry today.
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Source Fool.com