Las Vegas Sands Corp (LVS)
Consumer Discretionary · Casinos & Gaming · US stock · S&P 500 component
$38.01
▼ -0.31 (0.81%)
Fair valueOvervalued
$26 −32.8% to fair value
$13fair band $15–$36$38
Day's range
$37.90 – $38.59
52-week range
$35.28 – $69.24
About Las Vegas Sands Corp
Las Vegas Sands develops and operates integrated resorts that combine casinos, hotels, convention space, shopping and entertainment. Following the sale of its Las Vegas properties, its operations are centered on Macao and Singapore, where it runs large resorts such as The Venetian Macao and Marina Bay Sands. Revenue comes from gaming, room rentals, retail mall rents, food and beverage, and convention business, and it depends on tourism and visitor spending.
The figures show revenue of $13.7 billion for the last twelve months and three-year growth of 46.9% a year. It reports an operating margin of 21.5%. Capital is used to generate a return on invested capital of 20%. Leverage, measured as net debt to EBITDA, is 2.7 times. The company pays a dividend with a yield of 3.0%. The site's X-Ray Score for the company is 63 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $35.28 – $69.24Volume 8,329,400Daily, split-adjusted
Vitals
Market cap$24.9B
52-week range$35.28 – $69.24
Volume (last day)8,329,400
P/E (TTM)14.9
EBIT / EV yield7.9%
Free-cash-flow yield10.8%
Dividend yield3.0%
Revenue (TTM)$13.7B
Net income (TTM)$1.7B
Operating margin21.5%
Return on capital19.7%
Debt incl. leases$15.3B
Cash & securities$3.4B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$26model spread $26 – $26
Overvalued
−32.8% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Multiples use through-the-cycle earnings (0.30x of the last twelve months)
Peak-cycle earnings: the current operating margin is more than 1.5x its 7-year average, so the fair value range is widened
Price $38
Undervalued < $15Fair $15 – $36Overvalued > $36
10-year DCF (market-scaled) · excluded
$189
Peer multiples
$16
Earnings power floor (not blended)
$-7
Fundamentals-adjusted multiple
$35
Growth the price implies
3.3%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, priced high
Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Consumer Discretionary peers. Open a lens to see the numbers behind it.
Valuation
Fair
54/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield7.9%
Free-cash-flow yield10.8%
Fair value vs price0.7×
Growth
Fair
64/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)46.9%
EPS growth (3y)-0.7%
Growth consistency60%
Profitability
Fair
53/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital19.7%
Operating margin21.5%
Financial health
Weak
50/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score8 / 9
Net debt / EBITDA2.7×
Interest cover3.9×
Dividends
Fair
57/100
Dividend is typical for its sector.
See the numbers →
Dividend yield3.0%
Dividends vs free cash flow28%
Quarterly results: last 6 quarters
-3.3%
Mar '25
+15.0%
Jun '25
+24.2%
Sep '25
+26.0%
Dec '25
+25.3%
Mar '26
-0.7%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $3.2B, diluted EPS $0.53.
Compare with peers
WYNN Wynn Resorts Ltd50 MGM MGM Resorts Internatio...40Other Casinos & Gaming companies by X-Ray Score.
Fundamentals checklist
● 6 Good · ● 5 Average · ● 3 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldGood
Risk models
Altman Z''Average
Piotroski F-ScoreGood
Growth
EPS growth (3y)Average
Revenue growth (3y)Good
Growth consistencyBad
Balance sheet
Current ratioAverage
Net debt / EBITDAAverage
Interest coverBad
Valuation
Fair value vs priceBad
EBIT / EV yieldGood
Profitability
Return on invested capitalAverage
Operating marginGood
Each check is graded against the company's sector, not a fixed number. Checklist score 57/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $4.2B | $4.1B | $10.4B | $11.3B | $13.0B |
| Operating income | −$689M | −$792M | $2.3B | $2.4B | $2.8B |
| Net income | −$961M | $1.8B | $1.2B | $1.4B | $1.6B |
| Operating cash flow | – | – | $3.2B | $3.2B | $3.0B |
| Operating margin | -16.3% | -19.3% | 22.3% | 21.3% | 21.6% |
| Free cash flow | – | – | $2.2B | $1.6B | $1.9B |
| Diluted EPS | $-1.26 | $2.40 | $1.60 | $1.96 | $2.35 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
4 bullish · 4 neutral · 8 bearish
Weekly
Strongly bearish
0 bullish · 1 neutral · 11 bearish
Monthly
Strongly bearish
0 bullish · 1 neutral · 7 bearish
Moving averages (daily)
| SMA 10 | 36.75 | Bullish |
| EMA 10 | 37.31 | Bullish |
| SMA 20 | 37.61 | Bullish |
| EMA 20 | 38.06 | Bearish |
| SMA 50 | 41.72 | Bearish |
| EMA 50 | 40.85 | Bearish |
| SMA 100 | 44.69 | Bearish |
| EMA 100 | 44.05 | Bearish |
| SMA 200 | 49.81 | Bearish |
| EMA 200 | 47.35 | Bearish |
Oscillators (daily)
| RSI (14) | 43.88 | Neutral |
| MACD (12, 26) | -1.29 | Bearish |
| Momentum (12) | 0.53 | Bullish |
| Stochastic %K (14) | 76.90 | Neutral |
| Williams %R (14) | -23.10 | Neutral |
| CCI (20) | 27.87 | Neutral |
Pivot points (classic, last session)
S3 37.05 | S2 37.48 | S1 37.74 | Pivot 38.17 | R1 38.43 | R2 38.86 | R3 39.12 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.15 USD
Yield on today's price
3.03%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 4 Aug 2026 | 0.3000 |
| 5 May 2026 | 0.3000 |
| 9 Feb 2026 | 0.3000 |
| 4 Nov 2025 | 0.2500 |
| 5 Aug 2025 | 0.2500 |
| 6 May 2025 | 0.2500 |
| 10 Feb 2025 | 0.2500 |
| 5 Nov 2024 | 0.2000 |
| 6 Aug 2024 | 0.2000 |
| 6 May 2024 | 0.2000 |
| 5 Feb 2024 | 0.2000 |
| 6 Nov 2023 | 0.2000 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
LVS SEC filings
24 Jul 2026
10-QSEC EDGAR
Quarterly report
22 Jul 2026
8-KSEC EDGAR
Results of operations
18 May 2026
8-KSEC EDGAR
Shareholder vote results
13 May 2026
8-KSEC EDGAR
Entered a material agreement
5 May 2026
8-KSEC EDGAR
Other events
4 May 2026
424B5SEC EDGAR
424B5
24 Apr 2026
10-QSEC EDGAR
Quarterly report
22 Apr 2026
8-KSEC EDGAR
Results of operations
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.