Las Vegas Sands Corp. (LVS) AI Stock Analysis
LVS AI stock analysis summary
AI ResearchLas Vegas Sands Corp. (LVS) is a developer and operator of integrated resort destinations primarily in Macao and Singapore. In FY2025, the company grew revenue by 15.2% to $13.02B with net income of $1.63B and free cash flow of $1.78B. However, performance slowed in the quarter ended June 30, 2026, with quarterly revenue falling 0.7% and earnings dropping 19.8% year-over-year.
- Market cap
- $24.62B
- Revenue (TTM)
- $13.72B
- P/E
- 14.8x fwd 11.2x
- 1Y return
- -21.0% S&P 500 16.8%
- Avg. target
- $57.04 50.1% vs last close
Bull case
- Las Vegas Sands generated $1.78B in free cash flow and $3.02B in operating cash flow in FY2025.
- The stock trades at a forward P/E of 11.2x and an EV to EBITDA of 8.1x, below the median of its S&P 500 Consumer Cyclical peers of 15.7x and 13.8x.
- Analysts maintain an average price target of $57.04, reflecting a 50.1% upside potential above the latest closing price of $38.01.
Bear case
- In the latest quarter ended June 30, 2026, quarterly revenue dropped 0.7% and quarterly earnings dropped 19.8% year-over-year.
- The balance sheet carries $15.26B in total debt and $11.89B in net debt against $581.0M in shareholders' equity, resulting in a debt-to-equity ratio of 26.27.
- Shares have fallen 40.6% year-to-date and 21.0% over the past year, trailing the S&P 500 return of 16.8%.
What Las Vegas Sands does
Las Vegas Sands Corp. develops, owns, and operates integrated resorts primarily located in Macao and Singapore. Its portfolio in Macao, China, features The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao, Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao. In Singapore, the company owns and operates Marina Bay Sands, which offers luxury accommodations, extensive gaming facilities, entertainment venues, upscale retail malls, convention spaces, and dining options. Beyond gaming, these destination properties host cultural events, entertainment shows, and celebrity chef restaurants catering to international visitors.
Growth and profitability
Between FY2021 and FY2025, annual revenue expanded from $4.23B to $13.02B, achieving a 5-year revenue CAGR of 34.7% from FY2020. Annual net income rebounded from -$961.0M in FY2021 to $1.63B in FY2025, alongside gross margin reaching 49.8% and operating margin improving to 23.7%. For the trailing twelve months, revenue reached $13.72B with an operating margin of 19.7% and a profit margin of 12.6%. However, for the latest quarter ended June 30, 2026, quarterly revenue fell 0.7% year-over-year while quarterly earnings declined 19.8%.
Balance sheet and cash flow
As of June 30, 2026, Las Vegas Sands held $3.38B in cash and short-term investments against $15.26B in total debt, leaving net debt at $11.89B. The balance sheet reflects shareholders' equity of $581.0M, a current ratio of 1.00, and a debt-to-equity ratio of 26.27. In FY2025, operating cash flow stood at $3.02B and free cash flow was $1.78B. The company allocated $1.24B to capital expenditures, repurchased $2.22B in shares, and paid $833.0M in dividends.
Valuation and performance
LVS trades at a trailing P/E of 14.8x and a forward P/E of 11.2x, compared to the median of its S&P 500 Consumer Cyclical peers of 20.1x and 15.7x, respectively. Its enterprise value to EBITDA ratio is 8.1x, below the peer median of 13.8x, while its price-to-sales ratio of 1.8x compares to the peer median of 2.0x. Over the past year, LVS delivered a return of -21.0% compared to 16.8% for the S&P 500 (SPY), and its 5-year return of 1.0% lagged the index return of 83.0%.
LVS dividend
The company pays a quarterly dividend with an annualized forward rate of $1.20 per share, representing a dividend yield of 3.16%. The payout ratio stands at 36.7%, and dividends have been paid for 4 consecutive years, reflecting an annualized 5-year dividend growth rate of 4.8%. The last ex-dividend date occurred on August 4, 2026.
What analysts expect
Wall Street sentiment includes 11 Strong Buy, 3 Buy, and 7 Hold ratings, with zero Sell or Strong Sell recommendations. The mean price target of $57.04 represents an upside of 50.1% over the last close of $38.01. For the current fiscal year ending December 31, 2026, analysts estimate revenue of $13.76B and EPS of $3.05, representing EPS growth of 1.4%. The company exceeded EPS estimates in 3 of the last 4 quarters, with the next earnings release scheduled for October 21, 2026.
Key risks and what to watch
- High leverage is evidenced by total debt of $15.26B and a current ratio of 1.00 as of June 30, 2026.
- Short interest stands at 14.4% of float, indicating elevated negative market positioning.
- Operating momentum slowed recently, as shown by a 19.8% drop in quarterly earnings for the quarter ended June 30, 2026.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this LVS AI stock analysis
This page is an AI-written research summary of Las Vegas Sands Corp. (LVS). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: LVS income statement, LVS balance sheet, LVS key metrics, LVS analyst forecast, LVS chart. See the LVS stock overview for the latest quote and news.
LVS AI stock analysis FAQ
What does Las Vegas Sands Corp. do?
Las Vegas Sands Corp. develops, owns, and operates integrated luxury resorts featuring casino gaming, hotel accommodations, convention facilities, and retail malls. Its primary operating properties are located in Macao and Singapore.
Does Las Vegas Sands pay a dividend?
Yes, LVS pays a quarterly dividend with an annual forward payout of $1.20 per share, yielding 3.16% with a payout ratio of 36.7%. The dividend has been paid for 4 consecutive years.
What are the consensus analyst price targets for LVS?
Analysts have established a mean price target of $57.04, which is 50.1% above the last closing price of $38.01. Out of 21 tracked ratings, 11 are Strong Buy, 3 are Buy, and 7 are Hold.
How much debt does Las Vegas Sands carry?
As of June 30, 2026, the company held $15.26B in total debt and $3.38B in cash and short-term investments, resulting in net debt of $11.89B and a debt-to-equity ratio of 26.27.
When does Las Vegas Sands report its next quarterly earnings?
The company is scheduled to report its next earnings on October 21, 2026.