Las Vegas Sands Corp.

Valuation Analysis

About the Company

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

Las Vegas Sands Corp. Stock at a Glance

Las Vegas Sands Corp. (LVS) is currently trading at $50.67 with a market capitalization of $33.6B. The trailing P/E ratio stands at 18.7x, with a forward P/E of 13.79x. The 52-week range spans from $40.94 to $70.45; the current price is 28.1% below the yearly high. Year-over-year revenue growth stands at +25.3%. The net profit margin stands at 13.41%.

💰 Dividend

Las Vegas Sands Corp. pays an annual dividend of $1.10 per share, representing a yield of 2.17%. The payout ratio stands at 38.75%.

📊 Analyst Rating

19 analysts rate Las Vegas Sands Corp. (LVS) on consensus: Buy. The average price target is $69.09, implying +36.35% from the current price. Analyst price targets range from $59.00 to $78.50.

Las Vegas Sands Corp.: The Investment Case in Detail

Las Vegas Sands Corp. (LVS) operates in the Consumer Cyclical — specifically Resorts & Casinos — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

The Bull Case

Top-line momentum is unusually strong with revenue expanding 25.3% year-over-year, a pace that puts the company well above the market average and signals genuine demand traction rather than mere cyclical tailwind. With a gross margin near 80.09%, the company sits in the top tier of its industry — these are the kinds of structural margins that protect earnings during downturns. Return on equity of 90.45% places management among the most capital-efficient operators in the public market — every euro of shareholder capital is working hard.

The Bear Case

The debt-to-equity ratio of 981.4% is elevated, meaning the company relies heavily on creditors — refinancing terms will become more important than operational performance in the next economic downturn. Short interest sits at 10.87% of float — a meaningful contingent of professionals is positioned for the share to fall, which deserves attention even if their thesis may turn out to be wrong.

Valuation in Context

The PEG ratio at 1.03 sits in the reasonable zone — the price tag is roughly aligned with the company's growth profile, neither punishing nor euphoric. The EV/EBITDA multiple of 9.61x is below the historical equity-market average — strategic acquirers would find the cash-flow profile attractive at this level.

What to Watch Next

• The forward P/E of 13.79x is meaningfully below the trailing 18.7x — analysts expect earnings to step up; the next earnings release is the test.
• The analyst consensus price target implies 36.35% upside — if the next two quarters confirm the underlying thesis, target hikes typically follow.

Investment Thesis: Strengths & Weaknesses

Technical Snapshot

Price is below both the 50- and 200-day moving averages, with 50d below 200d — a bearish picture (death-cross alignment).

Risk Profile

The data points to relatively defensive market behavior, elevated short interest (10.87%), higher leverage relative to equity.

Trading Data

💵 Dividend Info

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