tiprankstipranks
Trending News
More News >
Las Vegas Sands (LVS)
NYSE:LVS
Advertisement

Las Vegas Sands (LVS) AI Stock Analysis

Compare
3,191 Followers

Top Page

LVS

Las Vegas Sands

(NYSE:LVS)

Rating:74Outperform
Price Target:
$57.00
▲(9.07%Upside)
Las Vegas Sands demonstrates a strong recovery post-pandemic, particularly in Singapore, which is a key driver of its current success. The technical analysis supports a positive outlook, though valuation concerns and challenges in Macau temper the overall score.
Positive Factors
Financial Performance
LVS reported better top-line results driven solely by remarkable strength in Singapore.
Stock Repurchase
LVS repurchased ~$800m of stock during the quarter, indicating confidence in the company's valuation.
Negative Factors
Macau Performance
Macau EBITDA was weaker, coming in below estimates, with a sequential increase but still not meeting expectations.
Market Share
LVS surprisingly lost mass market share in Macau driven largely by share loss at the Venetian.

Las Vegas Sands (LVS) vs. SPDR S&P 500 ETF (SPY)

Las Vegas Sands Business Overview & Revenue Model

Company DescriptionLas Vegas Sands Corp. (LVS) is a leading global developer and operator of world-class Integrated Resorts. The company is renowned for its luxurious hotels, state-of-the-art convention and exhibition facilities, and expansive gaming facilities. LVS operates properties in key markets like Macau and Singapore, positioning itself as a premier destination for both leisure and business travelers.
How the Company Makes MoneyLas Vegas Sands generates revenue primarily through its casino operations, which include table games and slot machines. Additionally, the company earns income from its hotel accommodations, food and beverage services, and retail offerings. Significant revenue is also derived from convention and exhibition space rentals. LVS benefits from strategic locations in high-demand tourist destinations and maintains strong partnerships with local governments and businesses to enhance its market presence. The company's earnings are further bolstered by its ability to attract international visitors and its ongoing investments in expanding and enhancing its resort properties.

Las Vegas Sands Key Performance Indicators (KPIs)

Any
Any
Net Revenue by Property
Net Revenue by Property
Breaks down revenue from individual properties, offering a clear view of which locations are performing well and contributing most to the company's bottom line.
Chart InsightsLas Vegas Sands has seen a robust recovery in its Macao properties, particularly the Venetian Macao and Londoner Macao, with revenues rebounding strongly from pandemic lows. The Marina Bay Sands in Singapore continues to be a significant revenue driver, showing consistent growth. However, recent quarters indicate a slight decline in the Venetian Macao's momentum, suggesting potential challenges in maintaining growth. The absence of Las Vegas properties in recent data underscores the company's strategic pivot towards Asian markets, which could enhance long-term growth prospects amid regional economic recovery.
Data provided by:Main Street Data

Las Vegas Sands Earnings Call Summary

Earnings Call Date:Jul 23, 2025
(Q2-2025)
|
% Change Since: 7.33%|
Next Earnings Date:Oct 15, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted significant successes in Singapore with record-breaking performance and proactive shareholder returns. However, challenges in Macau with underperformance and competitive pressures were notable. The sentiment is balanced with strong positives from Singapore and challenges in Macau.
Q2-2025 Updates
Positive Updates
Record EBITDA for Marina Bay Sands
Marina Bay Sands achieved a historic quarter with EBITDA of $768 million, reflecting 97% growth compared to Q2 2019 and 40% higher than the same quarter last year.
Strong Performance in Singapore
Singapore's Marina Bay Sands is on track to achieve $2.5 billion annually, with significant investments in high-quality market-leading products and growth in high-value tourism contributing to exceptional results.
Shareholder Returns
The company repurchased $800 million of LVS stock during the quarter and increased its ownership percentage of SCL to 73.4%.
Positive Market Trends in Macau
Macau's GGR accelerated this quarter, and there is a new approach to customer reinvestment, positioning Sands to lead in the market.
Negative Updates
Macau Underperformance
Macau's EBITDA was $566 million, with a margin of 31.3%, down 80 basis points compared to Q2 2024. The company acknowledged underperformance due to insufficient customer reinvestment.
Challenges in Achieving Desired Market Position in Macau
Sands is not leading the market in Macau as expected, requiring adjustments in reinvestment strategies to regain market share and improve EBITDA.
Competitive Dynamics in Macau
The market in Macau remains highly competitive, necessitating increased promotions and customer reinvestments, which have affected margins.
Company Guidance
During the Sands Second Quarter 2025 Earnings Call, the company provided detailed guidance on its financial performance, highlighting significant achievements and strategic adjustments. Marina Bay Sands recorded an unprecedented EBITDA of $768 million, with a forecasted potential to reach $2.5 billion annually. This performance was driven by mass gaming and slot wins totaling $843 million, marking a 97% increase from Q2 2019 and a 40% rise compared to the previous year. In Macau, the EBITDA was $566 million, reflecting a change in strategy with increased customer reinvestment efforts to capture market share. Despite a lower-than-expected hold in the rolling segment, the Macau portfolio maintained a 31.3% EBITDA margin. The Londoner property is set on a trajectory toward $1 billion in annualized EBITDA, aided by the full availability of its 2,450 rooms and suites. Furthermore, a strategic focus on maximizing revenue growth through targeted reinvestment was emphasized. In Singapore, Marina Bay Sands achieved an EBITDA margin of 55.3%, with a potential $107 million reduction if the expected hold rate was met. The company also repurchased $800 million in stock and paid a $0.25 per share dividend, aiming to increase shareholder returns through its share repurchase program. Overall, the company remains focused on sustaining growth and optimizing its asset performance.

Las Vegas Sands Financial Statement Overview

Summary
Las Vegas Sands has shown a strong recovery with increased revenue and solid profitability. High leverage remains a concern, but strong cash flow generation offsets some risks.
Income Statement
75
Positive
Las Vegas Sands has shown substantial recovery in recent years, with a notable increase in revenue from 2020 to 2025. The TTM (Trailing-Twelve-Months) gross profit margin is approximately 58.5%, indicating efficient cost management. The net profit margin for the TTM stands at 11.6%, reflecting solid profitability. Revenue growth has been robust, especially when compared to the pandemic-impacted 2020. However, the EBIT and EBITDA margins have seen some fluctuations, indicating potential areas for operational improvement.
Balance Sheet
68
Positive
The company's debt-to-equity ratio is high, indicating significant leverage, which poses a potential risk if earnings do not continue to improve. The TTM return on equity is approximately 48.3%, showcasing strong profitability relative to shareholder investment. The equity ratio, about 12.7% for the TTM, suggests a lower reliance on equity financing, which could be a concern for financial stability if markets become volatile.
Cash Flow
72
Positive
Las Vegas Sands has demonstrated substantial improvement in cash flow generation, with a positive free cash flow in the TTM period. The operating cash flow to net income ratio is strong at approximately 2.3, indicating efficient cash generation. However, free cash flow has shown some variability, highlighting potential volatility in capital expenditures and other cash flow items.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue11.30B10.37B4.11B4.23B2.94B
Gross Profit5.52B5.17B2.58B2.83B1.63B
EBITDA4.11B3.92B351.00M188.00M-356.00M
Net Income1.45B1.22B-1.07B-1.15B-1.44B
Balance Sheet
Total Assets20.67B21.78B22.04B20.06B20.81B
Cash, Cash Equivalents and Short-Term Investments3.65B5.11B6.31B1.85B2.08B
Total Debt13.75B14.03B15.96B14.78B13.99B
Total Liabilities17.51B17.67B18.38B17.81B17.27B
Stockholders Equity2.88B4.12B3.88B2.00B2.97B
Cash Flow
Free Cash Flow1.64B1.97B-1.45B-813.00M-2.54B
Operating Cash Flow3.20B3.23B-795.00M15.00M-1.31B
Investing Cash Flow-1.58B-1.25B4.16B-895.00M-1.33B
Financing Cash Flow-3.06B-3.19B1.12B684.00M560.00M

Las Vegas Sands Technical Analysis

Technical Analysis Sentiment
Positive
Last Price52.26
Price Trends
50DMA
45.48
Positive
100DMA
41.79
Positive
200DMA
44.96
Positive
Market Momentum
MACD
2.01
Negative
RSI
70.30
Negative
STOCH
81.52
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LVS, the sentiment is Positive. The current price of 52.26 is above the 20-day moving average (MA) of 50.27, above the 50-day MA of 45.48, and above the 200-day MA of 44.96, indicating a bullish trend. The MACD of 2.01 indicates Negative momentum. The RSI at 70.30 is Negative, neither overbought nor oversold. The STOCH value of 81.52 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LVS.

Las Vegas Sands Risk Analysis

Las Vegas Sands disclosed 35 risk factors in its most recent earnings report. Las Vegas Sands reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Las Vegas Sands Peers Comparison

Overall Rating
UnderperformOutperform
Sector (67)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
80
Outperform
$6.71B12.8936.36%0.84%6.40%26.09%
74
Outperform
$35.97B26.4649.16%1.72%1.62%-7.14%
68
Neutral
$11.28B29.46-51.73%0.93%-0.08%-48.66%
67
Neutral
¥264.20B13.616.49%2.55%5.08%-13.04%
66
Neutral
$9.92B20.0817.34%0.89%-31.56%
58
Neutral
$5.34B-4.76%-0.15%28.05%
55
Neutral
$3.38B61.2625.40%12.51%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
LVS
Las Vegas Sands
52.26
15.21
41.05%
BYD
Boyd Gaming
83.65
30.04
56.03%
MLCO
Melco Resorts & Entertainment
8.81
3.49
65.60%
MGM
MGM Resorts
35.75
1.68
4.93%
WYNN
Wynn Resorts
107.93
35.21
48.42%
CZR
Caesars Entertainment
25.68
-7.52
-22.65%

Las Vegas Sands Corporate Events

Executive/Board ChangesShareholder Meetings
Las Vegas Sands Stockholders Meeting Highlights Key Votes
Neutral
May 16, 2025

On May 15, 2025, Las Vegas Sands held its Annual Meeting of Stockholders where three proposals were voted on. The election of directors resulted in the appointment of nine individuals to serve until the 2026 meeting. The stockholders also ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. Additionally, an advisory vote on executive compensation was conducted, with a significant number of votes cast against the proposal.

The most recent analyst rating on (LVS) stock is a Buy with a $64.50 price target. To see the full list of analyst forecasts on Las Vegas Sands stock, see the LVS Stock Forecast page.

Private Placements and Financing
Las Vegas Sands Completes $1.5 Billion Senior Notes Offering
Neutral
May 6, 2025

On May 6, 2025, Las Vegas Sands Corp. completed a public offering of $1.5 billion in senior notes, with $1 billion due in 2028 and $500 million due in 2030. The proceeds will be used to redeem existing debt, cover transaction fees, and for general corporate purposes. These notes, which are unsecured and senior obligations, reflect the company’s strategic financial management and may impact its debt structure and stakeholder interests.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 25, 2025