Las Vegas Sands Corp. (LVS)

NYSE: LVS · USD

$36.2

+0.13 (+0.3%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-05

Our latest published analysis: LVS rated Strong Buy

Las Vegas Sands Corp.'s published Strong Buy conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$51.5 / share

Potential value

$71.6 / share

Upside to FV

+39.6%

from $36.2

Moat

7.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$23.9B
Revenue (ttm)	13.6B
Net income (ttm)	1.6B
EPS (ttm)	$2.44
Shares out	627M
P/E (trailing)	14.9x
P/E (forward)	11.2x
Dividend	$1.20 (3.31%)
Volume	5,419,898
Beta	0.77

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 13.6B
Net income (ttm): 1.6B
EPS (ttm): $2.44
P/E (trailing): 14.9x
P/E (forward): 11.2x
Market cap: $23.9B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$4.23B	$4.11B	$10.37B	$11.30B	$13.02B	+32.4%
Gross profit	$1.61B	$1.65B	$5.17B	$5.52B	$6.48B	+41.7%
Operating income	$-689.0M	$-792.0M	$2.31B	$2.40B	$2.82B	—
Net income	$-961.0M	$1.83B	$1.22B	$1.45B	$1.63B	—
EPS (diluted)	$-1.26	$2.40	$1.60	$1.96	$2.35	—
EBITDA	$244.0M	$406.0M	$3.86B	$4.06B	$4.50B	+107.2%
R&D	$109.0M	$143.0M	$205.0M	$228.0M	$269.0M	+25.3%
SG&A	$831.0M	$936.0M	$1.11B	$1.15B	$1.19B	+9.3%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAL	American Airlines Group Inc.	8.3B	—	0.1x	3.0%	+20.0%	-6.9%	보유
ALB	Albemarle Corporation	11.4B	198.9x	1.9x	4.1%	+12.8%	+1.9%	보유
ANET	Arista Networks Inc.	235.7B	59.1x	22.4x	284.8%	+32.0%	+19.7%	매도
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	매도
AMZN	Amazon.com Inc.	2.7T	20.5x	3.5x	11.9%	+11.8%	+12.2%	매도
APTV	Aptiv PLC	9.1B	42.8x	0.4x	7.8%	+5.5%	-49.2%	매수

Base and Bull scenarios

Base60%

Price target

$51.45

+39.6% from spot

The base scenario establishes a target of $51.45, representing an implied return of 39.6% from the analysis price of $36.85 (as of 2026-10-05) with an assessed probability of 60.0%. This modal trajectory reflects steady post-renovation patron volume recovery across Cotai, disciplined promotional reinvestment among concessionaires, and resilient property margins at Marina Bay Sands converging toward Fair value of $51.45.

Progressive handover of refurbished luxury suites expanding active room capacity across Cotai
Disciplined promotional reinvestment among Macau concessionaires preserving operating margins
Marina Bay Sands maintaining strong property margins on fixed operating costs
Active share repurchases under the board authorization driving diluted share count contraction

Bull15%

Price target

$71.64

+94.4% from spot

The bull scenario indicates a target of $71.64, reflecting an implied return of 94.4% from the analysis price of $36.85 (as of 2026-10-05) with an assessed probability of 15.0%, aligning with Potential value of $71.64. Upside is propelled by rapid patron uptake of newly renovated luxury suites, accelerating premium mass gaming table drop, favorable table hold percentages, and strong operating leverage.

Accelerated premium mass gaming throughput following luxury suite completions at The Londoner and The Venetian Macao
Expansion in consolidated operating margins driven by high operating leverage and favorable hold
Aggressive share repurchase execution compounding per-share earnings growth

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($51.45). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.0%	2.3%	2.5%	2.8%	3.0%
6.4%	$56.7	$58.8	$61.1	$63.6	$66.6
6.9%	$52.3	$54.0	$55.8	$57.8	$60.0
7.4%	$48.7	$50.0	$51.5	$53.0	$54.8
7.9%	$45.6	$46.7	$47.9	$49.2	$50.6
8.4%	$43.0	$43.9	$44.9	$45.9	$47.1

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E11.2

P25 n/aP50 n/aP75 n/a

Trailing P/E14

P25 n/aP50 n/aP75 n/a

ROE207.1

P25 n/aP50 n/aP75 n/a

ROIC18

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All LVS indicators

Market & fundamental data

Available fields

276

Groups with data

Currency

USD

Showing 276 of 276 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001300514
Company name	Las Vegas Sands Corp.
Country	United States
Country code	US
CUSIP number	517834107
Earnings date	2026-10-21
Earnings time	amc
Employees	41,500
Employees change	1,200
Employees growth	2.98%
Enterprise value	$35.3B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-09-30
First seen	2026-05-09
Fiscal year end	December
Founded	1988
In index	SP500
Industry	Resorts & Casinos
IPO date	2004-12-15
Is primary listing	Yes
Is SPAC	No
ISIN number	US5178341070
Last 10-K release date	2026-02-06
Last earnings date	2026-10-21
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$22.7B
Market cap category	Large-Cap
Next earnings date	2027-01-27
Options	Yes
Price	$36.25
Price currency	USD
Sector	Consumer Discretionary
SIC code	7011
Stock price date	2026-10-28
Symbol	LVS
U.S. state	Nevada
Website	https://www.sands.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	12.54x
Average P/E ratio (10Y)	50.09x
Average P/E ratio (3Y)	22.7x
Average P/E ratio (5Y)	69.99x
Earnings yield	6.73%
EV/Earnings	21.87x
EV/EBIT	11.65x
EV/EBITDA	7.93x
EV/FCF	14.65x
EV/Sales	2.59x
FCF / EV yield	6.83%
FCF yield	10.62%
Forward EV/Sales	2.54x
Forward P/E	12.12x
Forward P/S	1.63x
Industry forward P/E	14.42x
Industry P/E	60.35x
Lynch fair value	$60.97
Lynch upside	68.79%
P/(FCF - SBC) ratio	9.68x
P/(OCF - SBC) ratio	6.62x
P/E ratio	14.86x
P/FCF ratio	9.41x
P/OCF ratio	6.49x
P/S ratio	1.66x
Price/EBITDA ratio	5.09x
Sector forward P/E	24.39x
Sector P/E	30.5x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	22.24%
EBITDA margin	32.68%
Effective tax rate	18.07%
FCF margin	17.69%
Gross margin	78.63%
Operating margin	22.24%
Pretax margin	16.27%
Profit margin	11.85%
Profit per employee	$38,843
Profitable quarters	15
Profitable years	4
Revenue per employee	$327,807
ROA	9.24%
ROA (5Y)	3.71%
ROCE	20.44%
ROE	207.08%
ROE (5Y)	11.08%
ROIC	17.96%
ROIC (5Y)	7.89%
SBC / revenue	0.49%
Tax / revenue	2.94%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	10.09%
EPS growth (Q)	-22.01%
EPS growth (QoQ)	-10.08%
EPS growth 10Y	1.77%
EPS growth 3Y	41.26%
EPS growth years	2
FCF growth	86.08%
FCF growth (Q)	-33.52%
FCF growth (QoQ)	68.29%
FCF growth 3Y	23.48%
Gross profit growth	9.28%
Gross profit growth (Q)	-6.99%
Gross profit growth 3Y	28.22%
Gross profit growth 5Y	34.58%
Net income growth	3.6%
Net income growth (Q)	-27.45%
Net income growth (QoQ)	-12.14%
Net income growth 3Y	34%
Net income growth years	2
OCF growth	27.54%
OCF growth (Q)	-21.97%
OCF growth (QoQ)	27.57%
OCF growth 10Y	-0.96%
OCF growth 3Y	18.1%
Operating income growth	8.31%
Operating income growth (Q)	-20.97%
Operating income growth 3Y	27.48%
Revenue growth	10.93%
Revenue growth (Q)	-3.45%
Revenue growth (QoQ)	1.97%
Revenue growth 10Y	1.97%
Revenue growth 3Y	16.63%
Revenue growth 5Y	26.25%
Revenue growth years	3

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-1.1B
Depreciation and amortization	$1.4B
EBIT	$3B
EBITDA	$4.4B
EPS	$2.44
FCF per share	$3.84
Financing cash flow	$-4.2B
Free cash flow	$2.4B
Free cash flow minus SBC	$2.3B
Gross profit	$10.7B
Income taxes	$400M
Investing cash flow	$221M
Net borrowing	$-385M
Net cash flow	$-495M
Net income	$1.6B
Operating cash flow minus SBC	$3.4B
Operating income	$3B
Revenue	$13.6B
Stock-based compensation	$66M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	2.63
Book value per share	$-0.55
Debt / EBITDA	3.4
Debt / FCF	6.43
Interest coverage	4.01
Long-term assets	$15.6B
Long-term liabilities	$14.9B
Net cash (debt)	$-12.6B
Net cash / market cap	-55.65%
Net debt / EBITDA	2.83
Net debt / FCF	5.24
Piotroski F-Score	6
Property, plant and equipment	$11.5B
Shareholders' equity	$-115M
Tangible book value	$-857M
Tangible book value per share	$-1.37
Total assets	$19.4B
Total cash	$2.9B
Total debt	$15.5B
Total liabilities	$19.5B
WACC	6.66%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.66
Current assets	$3.8B
Current liabilities	$4.6B
Current ratio	0.83
Inventory turnover	61.85
Net working capital	$-2.1B
Quick ratio	0.76
Working capital	$-802M
Working capital turnover	-20.6

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	6.14%
Dividend growth	20%
Dividend growth (10Y)	-8.16%
Dividend growth (3Y)	44.22%
Dividend growth (5Y)	-17.29%
Dividend growth years	2
Dividend payment date	2026-11-10
Dividend payment years	4
Dividend payout frequency	Quarterly
Dividend per share	$1.20
Dividend yield	3.31%
Ex-dividend date	2026-11-02
FCF payout ratio	31.27%
Last dividend	$0.30
Payout ratio	49.21%
Shareholder yield	9.47%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	-36.82%
10Y return CAGR	-2.19%
10Y total return	-19.87%
150-day SMA	$46.77
15Y price change	-20.62%
15Y return CAGR	1.6%
15Y total return	26.85%
1D price change	0.35%
1M price change	-7.57%
1M total return	-7.57%
1W price change	-5.58%
1W total return	-5.58%
1Y price change	-39.37%
1Y return CAGR	-38.07%
1Y total return	-38.05%
20-day SMA	$36.75
200-day SMA	$49.21
20Y price change	-51.97%
20Y return CAGR	-1.31%
20Y total return	-23.26%
3M price change	-24.54%
3M total return	-24.06%
3Y price change	-23.38%
3Y return CAGR	-6.64%
3Y total return	-18.64%
50-day SMA	$40.31
50-day SMA vs 200-day SMA	50under200
52-week high	$70.46
52-week high date	2025-12-01
52-week low	$35.03
52-week low date	2026-10-22
5Y price change	-10.57%
5Y return CAGR	-0.96%
5Y total return	-4.7%
6M price change	-33.84%
6M total return	-33.03%
All-time high	$148.76
All-time high date	2007-10-29
All-time low	$1.38
All-time low date	2009-03-09
Average true range (ATR)	$1.00
Average volume	6.1M
Beta (1Y)	0.52
Beta (2Y)	0.77
Beta (5Y)	0.77
Change from 52-week high	-48.56%
Change from 52-week low	3.47%
Change from all-time high	-75.77%
Change from all-time low	2,511.59%
Change from open	0.37%
Day's gap	-0.03%
Dollar volume	$196.4M
High price	$36.37
Low price	$35.80
Monthly RSI	38.39
Open price	$36.11
Position in 52-week range	78.07%
Premarket change	-0.78%
Premarket close	$36.12
Premarket price	$35.84
Premarket volume	2.1K
Previous close	$36.12
Price vs 150-day SMA	-22.94%
Price vs 20-day SMA	-1.94%
Price vs 200-day SMA	-26.76%
Price vs 50-day SMA	-10.58%
Relative volume	0.88
RSI	35.99
Sharpe ratio	-1.55
Sharpe ratio (3Y)	-0.14
Sharpe ratio (5Y)	0.08
Sortino ratio	-1.75
Sortino ratio (3Y)	-0.03
Sortino ratio (5Y)	0.27
Volume	5.4M
Weekly RSI	29.82
YTD price change	-44.63%
YTD total return	-43.66%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	270M
Float percentage	43.06%
Shares change (QoQ)	-2.44%
Shares change (YoY)	-6.14%
Shares held by insiders	26.22%
Shares held by institutions	43.98%
Shares outstanding	627M
Short % of float	6.8%
Short % of shares	2.93%
Short ratio	3.2 days

Deeper analysis on LVS

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this LVS report

What is the latest published LVS stock rating?

Las Vegas Sands Corp. is shown with Strong Buy in the latest published report, analyzed 2026-10-05. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full LVS analysis?

The full latest published report, analyzed 2026-10-05, lives at /stocks/LVS/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for LVS?

The latest published report analyzed 2026-10-05 gives LVS a fair value of USD 51 and a potential value of USD 72. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the LVS page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-05). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

Strong BuyLVS · Fair value $51.5+39.6%

Read full analysis →

Las Vegas Sands Corp. (LVS)

Our latest published analysis: LVS rated Strong Buy

Price

Financial snapshot

Fair-value bridge

Latest news · LVS

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All LVS indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on LVS

Frequently asked questions

등급 이력

Category	Score	Reading
Valuation	8.5
Management	8.5
Balance Sheet	1.5
Profitability	7.5
Revenue Growth	2.5
Risk Assessment	3.5
Competitive Moat	7.5
Earnings Quality	6.0
Capital Efficiency	7.5