(LVS) Las Vegas Sands - Overview

Sector: Consumer Cyclical | Industry: Resorts & Casinos | Exchange: NYSE (USA) | Market Cap: 36.741m USD | Total Return: 71.8% in 12m

Casino, Hotel, Retail, Convention, Entertainment
Total Rating 56
Safety 41
Buy Signal 0.02
Resorts & Casinos
Industry Rotation: -2.4
Market Cap: 36.7B
Avg Turnover: 181M USD
ATR: 3.03%
Peers RS (IBD): 81.6
Risk 5d forecast
Volatility34.1%
Rel. Tail Risk-10.2%
Reward TTM
Sharpe Ratio1.39
Alpha23.72
Character TTM
Beta1.175
Beta Downside1.210
Drawdowns 3y
Max DD51.18%
CAGR/Max DD0.01
EPS (Earnings per Share) EPS (Earnings per Share) of LVS over the last years for every Quarter: "2021-03": -0.25, "2021-06": -0.26, "2021-09": -0.45, "2021-12": -0.22, "2022-03": -0.4, "2022-06": -0.34, "2022-09": -0.27, "2022-12": -0.19, "2023-03": 0.28, "2023-06": 0.46, "2023-09": 0.55, "2023-12": 0.57, "2024-03": 0.75, "2024-06": 0.55, "2024-09": 0.44, "2024-12": 0.54, "2025-03": 0.59, "2025-06": 0.79, "2025-09": 0.78, "2025-12": 0.85, "2026-03": 0,
EPS CAGR: 69.53%
EPS Trend: 62.5%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of LVS over the last years for every Quarter: 2021-03: 1196, 2021-06: 1173, 2021-09: 857, 2021-12: 1008, 2022-03: 943, 2022-06: 1045, 2022-09: 1005, 2022-12: 1117, 2023-03: 2120, 2023-06: 2542, 2023-09: 2795, 2023-12: 2915, 2024-03: 2959, 2024-06: 2761, 2024-09: 2682, 2024-12: 2896, 2025-03: 2862, 2025-06: 3175, 2025-09: 3331, 2025-12: 3649, 2026-03: null,
Rev. CAGR: 43.45%
Rev. Trend: 86.3%
Last SUE: 2.08
Qual. Beats: 3

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: LVS Las Vegas Sands

Las Vegas Sands Corp. (NYSE:LVS) operates a portfolio of high-end integrated resorts in Macau-including The Venetian, The Londoner, The Parisian, The Plaza, Four Seasons, and Sands Macau-and Marina Bay Sands in Singapore. Each resort combines luxury accommodations, casino gaming, entertainment venues, retail malls, convention space, and celebrity-chef restaurants under a single brand.

In its FY 2025 results released in February 2026, LVS reported revenue of $12.5 billion, a 7% year-over-year increase driven largely by a rebound in gaming revenue (+8%) and higher hotel RevPAR in Macau ($350, up 6%). Adjusted EBITDA reached $5.2 billion, delivering an EBITDA margin of 41.6%, while average occupancy across its Macau properties held at 92% throughout the year.

Key drivers for the sector remain robust Asian tourism growth and regulatory changes. Macau’s gaming tax was reduced from 35% to 30% in 2025, improving net gaming margins, while Singapore welcomed a 5% rise in international visitor arrivals, bolstering non-gaming spend at Marina Bay Sands. Additionally, the easing of travel restrictions across Greater China continues to fuel demand for integrated resort experiences.

For a deeper quantitative dive, you might explore LVS’s valuation metrics on ValueRay.

Headlines to Watch Out For
  • Macau gaming revenue growth boosts LVS stock performance
  • Singapore tourism recovery drives Marina Bay Sands profits
  • Chinese regulatory policies impact Macau operations
  • Global economic slowdown reduces high-roller spending
Piotroski VR‑10 (Strict) 7.0
Net Income: 1.63b TTM > 0 and > 6% of Revenue
FCF/TA: 0.08 > 0.02 and ΔFCF/TA 0.60 > 1.0
NWC/Revenue: 4.69% < 20% (prev -13.37%; Δ 18.06% < -1%)
CFO/TA 0.14 > 3% & CFO 3.02b > Net Income 1.63b
Net Debt (12.30b) to EBITDA (4.50b): 2.73 < 3
Current Ratio: 1.14 > 1.5 & < 3
Outstanding Shares: last quarter (678.0m) vs 12m ago -8.01% < -2%
Gross Margin: 28.18% > 18% (prev 0.37%; Δ 2.78k% > 0.5%)
Asset Turnover: 61.13% > 50% (prev 54.67%; Δ 6.46% > 0%)
Interest Coverage Ratio: 3.97 > 6 (EBITDA TTM 4.50b / Interest Expense TTM 746.0m)
Altman Z'' 2.00
A: 0.03 (Total Current Assets 4.83b - Total Current Liabilities 4.22b) / Total Assets 21.92b
B: 0.20 (Retained Earnings 4.39b / Total Assets 21.92b)
C: 0.14 (EBIT TTM 2.96b / Avg Total Assets 21.29b)
D: 0.22 (Book Value of Equity 4.46b / Total Liabilities 19.99b)
Altman-Z'' Score: 2.00 = BBB
Beneish M -1.59
DSRI: 1.54 (Receivables 742.0m/417.0m, Revenue 13.02b/11.30b)
GMI: 1.30 (GM 28.18% / 36.76%)
AQI: 2.13 (AQ_t 0.25 / AQ_t-1 0.12)
SGI: 1.15 (Revenue 13.02b / 11.30b)
TATA: -0.06 (NI 1.63b - CFO 3.02b) / TA 21.92b)
Beneish M-Score: -1.59 (Cap -4..+1) = CCC
What is the price of LVS shares? As of April 08, 2026, the stock is trading at USD 54.02 with a total of 1,793,155 shares traded.
Over the past week, the price has changed by +0.26%, over one month by +0.20%, over three months by -11.60% and over the past year by +71.79%.
Is LVS a buy, sell or hold? Las Vegas Sands has received a consensus analysts rating of 4.44. Therefore, it is recommended to buy LVS.
  • StrongBuy: 12
  • Buy: 2
  • Hold: 4
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the LVS price?
Analysts Target Price 69.9 29.3%
Las Vegas Sands (LVS) - Fundamental Data Overview as of 04 April 2026
P/E Trailing = 23.1234
P/E Forward = 16.8634
P/S = 2.8226
P/B = 22.9548
P/EG = 0.9723
Revenue TTM = 13.02b USD
EBIT TTM = 2.96b USD
EBITDA TTM = 4.50b USD
Long Term Debt = 14.66b USD (from longTermDebt, last quarter)
Short Term Debt = 1.15b USD (from shortTermDebt, last quarter)
Debt = 16.14b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 12.30b USD (from netDebt column, last quarter)
Enterprise Value = 49.04b USD (36.74b + Debt 16.14b - CCE 3.84b)
Interest Coverage Ratio = 3.97 (Ebit TTM 2.96b / Interest Expense TTM 746.0m)
EV/FCF = 26.44x (Enterprise Value 49.04b / FCF TTM 1.85b)
FCF Yield = 3.78% (FCF TTM 1.85b / Enterprise Value 49.04b)
FCF Margin = 14.25% (FCF TTM 1.85b / Revenue TTM 13.02b)
Net Margin = 12.50% (Net Income TTM 1.63b / Revenue TTM 13.02b)
Gross Margin = 28.18% ((Revenue TTM 13.02b - Cost of Revenue TTM 9.35b) / Revenue TTM)
Gross Margin QoQ = 20.44% (prev 28.34%)
Tobins Q-Ratio = 2.24 (Enterprise Value 49.04b / Total Assets 21.92b)
Interest Expense / Debt = 1.18% (Interest Expense 191.0m / Debt 16.14b)
Taxrate = 18.69% (103.0m / 551.0m)
NOPAT = 2.41b (EBIT 2.96b * (1 - 18.69%))
Current Ratio = 1.14 (Total Current Assets 4.83b / Total Current Liabilities 4.22b)
Debt / Equity = 10.15 (Debt 16.14b / totalStockholderEquity, last quarter 1.59b)
Debt / EBITDA = 2.73 (Net Debt 12.30b / EBITDA 4.50b)
Debt / FCF = 6.63 (Net Debt 12.30b / FCF TTM 1.85b)
Total Stockholder Equity = 1.96b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.64% (Net Income 1.63b / Total Assets 21.92b)
RoE = 82.89% (Net Income TTM 1.63b / Total Stockholder Equity 1.96b)
RoCE = 17.81% (EBIT 2.96b / Capital Employed (Equity 1.96b + L.T.Debt 14.66b))
RoIC = 13.93% (NOPAT 2.41b / Invested Capital 17.27b)
WACC = 7.33% (E(36.74b)/V(52.88b) * Re(10.12%) + D(16.14b)/V(52.88b) * Rd(1.18%) * (1-Tc(0.19)))
Discount Rate = 10.12% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -5.55%
[DCF] Terminal Value 73.91% ; FCFF base≈1.76b ; Y1≈1.16b ; Y5≈529.2m
 [DCF] Fair Price = N/A (negative equity: EV 11.97b - Net Debt 12.30b = -322.8m; debt exceeds intrinsic value)
 EPS Correlation: 62.55 | EPS CAGR: 69.53% | SUE: -4.0 | # QB: 0
Revenue Correlation: 86.26 | Revenue CAGR: 43.45% | SUE: 2.08 | # QB: 3
EPS next Quarter (2026-06-30): EPS=0.77 | Chg7d=+0.006 | Chg30d=+0.003 | Revisions Net=+0 | Analysts=12
EPS current Year (2026-12-31): EPS=3.18 | Chg7d=+0.023 | Chg30d=+0.044 | Revisions Net=+2 | Growth EPS=+5.5% | Growth Revenue=+5.7%
EPS next Year (2027-12-31): EPS=3.76 | Chg7d=+0.033 | Chg30d=+0.057 | Revisions Net=+1 | Growth EPS=+18.3% | Growth Revenue=+4.8%
[Analyst] Revisions Ratio: +0.00 (1 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 5.8% (Discount Rate 10.1% - Earnings Yield 4.3%)
[Growth] Growth Spread = -0.9% (Analyst 4.9% - Implied 5.8%)
External Resources
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