Las Vegas Sands Corp. (NYSE:LVS)

The financial data reveals several notable trends and fluctuations across the periods analyzed. The share price experienced significant volatility, with an initial increase from US$53.23 in 2006 to a peak of US$86.34 in 2007, followed by a drastic decline to US$2.19 in 2009. Thereafter, the share price generally demonstrated recovery and growth, reaching as high as US$85.25 in 2014, before undergoing moderate declines and rebounds, ending at US$58.08 in 2023.

Operating profit per share (OP) exhibits a variable pattern over the years. It started at US$1.38 in 2006, peaked at US$5.13 in 2014, and showed strong values above US$4 between 2013 and 2020, indicating periods of solid profitability. However, from 2021 onwards, OP turned negative, dipping to -US$2.21 in 2021 and remaining negative through 2023 at -US$1.04, suggesting a significant deterioration in operating profitability during these recent years.

The price to operating profit ratio (P/OP) reflects the valuation of the stock relative to its operating profitability. It was notably high in the early years, peaking at 89.7 in 2008, indicating potentially overvalued stock relative to operating earnings at that time. The ratio showed a marked decrease in 2009 to 8.74, reflecting the collapse in share price and/or profitability. Subsequently, P/OP fluctuated mostly between 11 and 20 from 2010 until 2020, indicating a more stable valuation range. Data for P/OP is missing for the last three years, likely due to negative operating profits making the ratio not meaningful.

Overall, the data suggests that the company experienced considerable challenges around 2008-2009, reflected in sharp declines in share price and operating profitability. After recovery and several years of stable and improving operating performance, recent years show a downturn in operating profit accompanied by a decrease in share price, indicating renewed financial stress or weakening operational results.