Las Vegas Sands (LVS) AI Stock Analysis

• Market Cap: $29.90B
• Dividend Yield: 2.01%
• Average Volume (3M): 7.30M
• Price to Earnings (P/E): 23.6
• Beta (1Y): 0.81
• Revenue Growth: -0.09%
• EPS Growth: -13.07%
• Country: US
• Employees: 39,900
• Sector: Consumer Cyclical
• Sector Strength: 73
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): 0.59
• Shares Outstanding: 706,627,560
• 10 Day Avg. Volume: 6,533,418
• 30 Day Avg. Volume: 7,303,749
• PEG Ratio: -0.01
• Price to Book (P/B): 10.50
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 22.73
• Enterprise Value/Market Cap: 1.30
• Enterprise Value/Revenue: 0.86
• Enterprise Value/Gross Profit: 7.62
• Enterprise Value/Ebitda: 2.34
• 1Y Price Target: $49.13
• Price Target Upside: 15.82% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8

Las Vegas Sands demonstrates robust financial performance with strong revenue growth and profitability, despite high leverage. Technical indicators are favorable, suggesting positive stock momentum. Strategic expansions and financial restructuring further strengthen its outlook. Valuation is reasonable, offering moderate income potential. Overall, LVS is in a solid position for future growth, though maintaining operational efficiency and managing debt remain key.

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

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

Macau 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 through several key streams, primarily driven by its casino gaming operations, which include table games and slot machines catering to both high-rollers and mass market players. In addition to gaming, LVS earns substantial income from its hospitality services, encompassing hotel room bookings, food and beverage sales, and retail operations within its integrated resorts. The company also benefits from hosting conventions, meetings, and exhibitions, which attract business travelers and contribute to occupancy rates and spending in other resort areas. Strategic partnerships and joint ventures, particularly in its Asian markets, as well as its focus on maximizing non-gaming revenue through entertainment and retail offerings, significantly bolster its financial performance.

Las Vegas Sands Financial Statement Overview

Summary

Las Vegas Sands has shown substantial recovery with strong revenue growth and robust profitability post-pandemic. However, high leverage and fluctuating EBIT and EBITDA margins indicate potential risks.

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
	EBIT
2.31B	2.40B	2.31B	-783.00M	-662.00M	-1.32B
	EBITDA
4.00B	4.11B	3.92B	351.00M	188.00M	-356.00M
	Net Income Common Stockholders
1.30B	1.45B	1.22B	-1.07B	-1.15B	-1.44B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
3.04B	3.65B	5.11B	6.31B	1.85B	2.08B
	Total Assets
21.25B	20.67B	21.78B	22.04B	20.06B	20.81B
	Total Debt
13.85B	13.75B	14.03B	15.96B	14.78B	13.99B
	Net Debt
10.81B	10.10B	8.92B	9.65B	12.93B	11.91B
	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: 42.42
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• 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 42.42 is above the 20-day moving average (MA) of 37.13, above the 50-day MA of 38.36, and below the 200-day MA of 44.07, indicating a neutral trend. The MACD of 1.39 indicates Negative momentum. The RSI at 72.46 is Negative, neither overbought nor oversold. The STOCH value of 96.84 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	$6.13B	12.31	35.62%	0.92%	6.06%	10.05%
MGM	73 Outperform	$9.50B	15.66	21.38%	―	2.76%	-14.31%
LVS	72 Outperform	$29.90B	23.58	39.21%	2.01%	-0.09%	-13.07%
CZR	62 Neutral	$6.26B	―	-5.56%	―	-1.25%	-130.83%
Sector *	61 Neutral	$7.00B	11.55	3.07%	3.89%	2.60%	-21.53%
WYNN	57 Neutral	$10.12B	26.42	-51.73%	1.03%	-0.08%	-48.66%
MLCO	52 Neutral	$2.58B	45.11	25.40%	―	14.07%	―

Las Vegas Sands Corporate Events

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.

Spark’s Take on LVS Stock

According to Spark, TipRanks’ AI Analyst, LVS is a Neutral.

Las Vegas Sands has demonstrated strong financial performance and strategic market expansion, driving a solid overall score. However, high leverage and mixed technical indicators present potential risks. The company’s valuation is moderate, and recent corporate events provide a positive outlook for future growth.

To see Spark’s full report on LVS stock, click here.

Las Vegas Sands Elects Micky Pant to Board

On March 11, 2025, Las Vegas Sands Corp. announced the election of Muktesh ‘Micky’ Pant as a new member of its Board of Directors, effective immediately. Mr. Pant will also serve on the Board’s Nominating and Governance Committee and Compliance Committee. There are no arrangements or transactions involving Mr. Pant that require disclosure, and he will be compensated according to the company’s 2024 proxy statement.

Las Vegas Sands Completes Financial Restructuring in 2025

On February 28, 2025, Marina Bay Sands Pte. Ltd., a subsidiary of Las Vegas Sands Corp., completed financial restructuring by settling all outstanding loans and commitments under the 2025 Singapore Credit Facility Agreement. This move effectively discharged all obligations under the previous facility agreement, potentially enhancing the company’s financial flexibility and market positioning.

Las Vegas Sands Secures $8.98 Billion Credit Facility

On February 21, 2025, Marina Bay Sands Pte. Ltd., a subsidiary of Las Vegas Sands Corp., entered into a significant financial agreement with DBS Bank Ltd. and other lenders. The 2025 Singapore Credit Facility Agreement includes a term loan, a revolving credit facility, and a delayed draw term loan facility, totaling approximately $8.98 billion. This agreement is intended to refinance existing debt, support general corporate purposes, and finance the Marina Bay Sands integrated resort expansion project. The facilities are secured by a first-priority security interest in most of the borrower’s assets, and the agreement includes customary covenants and conditions. This strategic financial move is expected to bolster Marina Bay Sands’ operational capabilities and enhance its market position in the competitive Singaporean hospitality and gaming sector.