Las Vegas Sands (LVS) AI Stock Analysis

• Market Cap: $34.70B
• Dividend Yield: 2.04%
• Average Volume (3M): 5.02M
• Price to Earnings (P/E): 27.4
• Beta (1Y): 0.90
• Revenue Growth: -0.09%
• EPS Growth: -13.07%
• Country: US
• Employees: 39,900
• Sector: Consumer Cyclical
• Sector Strength: 57
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): 0.59
• Shares Outstanding: 706,627,560
• 10 Day Avg. Volume: 4,743,394
• 30 Day Avg. Volume: 5,018,842
• PEG Ratio: -0.01
• Price to Book (P/B): 11.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 23.81
• Enterprise Value/Market Cap: 1.16
• Enterprise Value/Revenue: 0.89
• Enterprise Value/Gross Profit: 7.88
• Enterprise Value/Ebitda: 2.42
• 1Y Price Target: $50.81
• Price Target Upside: 2.42% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 13

• Rating: 72 Outperform
• Price Target: $53.00 ▲(6.83%Upside)

Las Vegas Sands demonstrates strong financial recovery and bullish technical indicators, although valuation concerns persist. The absence of recent earnings call data limits insight into future strategy.

Positive Factors

Capital Returns

The company repurchased approximately $450 million of stock during the quarter, which, along with dividends, equates to about 8% of the market cap, indicating a stable capital return profile.

Singapore Performance

Strong results in Singapore, with better casino activity across the board, contributed positively to the company's performance.

Negative Factors

Macau Estimates Pressure

Despite the Londoner ramping up to full capacity, estimates for Macau are likely to be under pressure.

Macau Market Performance

LVS surprisingly lost mass market share in Macau driven largely by share loss at the Venetian.

Las Vegas Sands Business Overview & Revenue Model

Company Description

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore. The company also owns and operates The Venetian Resort Hotel Casino on the Las Vegas Strip; and the Sands Expo and Convention Center in Las Vegas, Nevada. Its integrated resorts feature accommodations, gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants, and other amenities. Las Vegas Sands Corp. was founded in 1988 and is based in Las Vegas, Nevada.

How the Company Makes Money

Las 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 Financial Statement Overview

Summary

Las Vegas Sands has shown a strong recovery post-pandemic, with substantial revenue and profit growth. The company maintains a high debt-to-equity ratio, which is a risk, but profitability and cash flow generation have been solid.

Income Statement

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

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

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.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	11.20B	11.30B	10.37B	4.11B	4.23B	2.94B
Gross Profit	5.11B	5.52B	5.17B	2.58B	2.83B	1.63B
EBITDA	4.00B	4.11B	3.92B	351.00M	188.00M	-356.00M
Net Income	1.30B	1.45B	1.22B	-1.07B	-1.15B	-1.44B
Balance Sheet
Total Assets	21.25B	20.67B	21.78B	22.04B	20.06B	20.81B
Cash, Cash Equivalents and Short-Term Investments	3.04B	3.65B	5.11B	6.31B	1.85B	2.08B
Total Debt	13.85B	13.75B	14.03B	15.96B	14.78B	13.99B
Total Liabilities	18.21B	17.51B	17.67B	18.38B	17.81B	17.27B
Stockholders Equity	2.70B	2.88B	4.12B	3.88B	2.00B	2.97B
Cash Flow
Free Cash Flow	1.24B	1.64B	1.97B	-1.45B	-813.00M	-2.54B
Operating Cash Flow	3.00B	3.20B	3.23B	-795.00M	15.00M	-1.31B
Investing Cash Flow	-1.83B	-1.58B	-1.25B	4.16B	-895.00M	-1.33B
Financing Cash Flow	-3.09B	-3.00B	-3.19B	1.12B	684.00M	560.00M

Las Vegas Sands Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 49.61
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: 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 49.61 is above the 20-day moving average (MA) of 44.19, above the 50-day MA of 41.79, and above the 200-day MA of 44.78, indicating a bullish trend. The MACD of 2.15 indicates Negative momentum. The RSI at 77.38 is Negative, neither overbought nor oversold. The STOCH value of 96.59 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LVS.

Las Vegas Sands Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BYD	78 Outperform	$6.62B	13.28	35.62%	0.89%	6.06%	10.05%
LVS	72 Outperform	$34.70B	27.37	39.21%	2.04%	-0.09%	-13.07%
MGM	71 Outperform	$10.21B	16.88	21.38%	―	2.76%	-14.31%
WYNN	69 Neutral	$11.55B	30.15	-51.73%	0.91%	-0.08%	-48.66%
Sector *	63 Neutral	$16.62B	10.98	-6.98%	2.96%	1.73%	-24.23%
CZR	60 Neutral	$6.23B	―	-5.56%	―	-1.25%	-130.83%
MLCO	58 Neutral	$3.62B	62.61	25.40%	―	14.07%	―

Las Vegas Sands Corporate Events

Las Vegas Sands Stockholders Meeting Highlights Key Votes

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.

Las Vegas Sands Completes $1.5 Billion Senior Notes Offering

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.