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UPDATED: Nov 15, 2025

Stock Analysis

LVS Logo
$65.38
-$0.22 |-0.34%
Day Range:
$64.03 - $66.49
Market Cap:
44.21B
P/E Ratio:
29.5496
Avg Value:
$49.00
Year Range:
$30.18 - $67.83
1
General Information
Las Vegas Sands is the world's largest operator of fully integrated resorts, featuring casino, hotel, entertainment, food and beverage, retail, and convention center operations.

The company owns the Venetian Macao, Sands Macao, Londoner Macao, Four Seasons Hotel Macao, and Parisian Macao, as well as the Marina Bay Sands resort in Singapore. We expect Sands to open a fourth tower in Singapore in 2031. Its Venetian and Palazzo Las Vegas assets in the US were sold to Apollo and Vici in 2022. After the sale of its Vegas assets, the company generates all its EBITDA from Asia, with its casino operations generating the majority of sales.

2
Las Vegas Sands (LVS) Stock Graph
3
How We Grade Las Vegas Sands (LVS)

We grade stocks based on past performance, their future growth potential, intrinsic value, dividend history, and overall financial health.

The chart below shows how we grade Las Vegas Sands (LVS) across the board compared to its closest peers.

4
Benzinga Edge Rankings

Benzinga Edge stock rankings give you four critical scores to help you identify the strongest and weakest stocks to buy and sell.

34.32

Growth measures a stock's combined historical expansion in earnings and revenue across multiple time periods, with emphasis on both long-term trends and recent performance.

6.47

Value is a percentile-ranked composite metric that evaluates a stock's relative worth by comparing its market price to fundamental measures of the company's assets, earnings, sales, and operating performance.

Momentum measures a stock's relative strength based on its price movement patterns and volatility over multiple timeframes, ranked as a percentile against other stocks.

Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
5
Peer Ratings

See how Las Vegas Sands compares to its peers in these key performance metrics from Benzinga Rankings.

Top Peers
Value
Quality
Growth
Momentum
Short
Medium
Long
FLUTFlutter Entertainment
6.12
0
49.94
15.91
DKNGDraftKings
0
0
31.2
14.64
WYNNWynn Resorts
26.88
0
53.8
80.13
MGMMGM Resorts International
20.53
0
11.59
24.29
Short: price trend over the last couple of months
Medium: price trend over the last couple of quarters
Long: price trend over the past year
Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
6
Future Growth
Our estimate of future price growth is based on an aggregation of 11 analyst ratings over the past 3 months and their 12-month price targets.

Below, you can see that analysts are estimating a 12-month price target range of $57.00 - $70.00 with an average of $63.55

-2.81%
Expected movement for Las Vegas Sands (LVS) over the next 12 months
Based on these rankings

Recent Ratings for Las Vegas Sands (LVS)

Morgan Stanley
Date:
Oct 28, 2025
Action:
Maintains
Prev. Target:
$59.00
New Target:
$63.00
Goldman Sachs
Date:
Oct 24, 2025
Action:
Maintains
Prev. Target:
$57.00
New Target:
$64.00
Macquarie
Date:
Oct 23, 2025
Action:
Maintains
Prev. Target:
$62.00
New Target:
$64.00
JP Morgan
Date:
Oct 23, 2025
Action:
Maintains
Prev. Target:
$60.00
New Target:
$70.00
Stifel
Date:
Oct 23, 2025
Action:
Maintains
Prev. Target:
$60.00
New Target:
$68.00
Barclays
Date:
Oct 23, 2025
Action:
Maintains
Prev. Target:
$59.00
New Target:
$62.00
Mizuho
Date:
Oct 23, 2025
Action:
Maintains
Prev. Target:
$56.00
New Target:
$63.00
Susquehanna
Date:
Oct 22, 2025
Action:
Maintains
Prev. Target:
$62.00
New Target:
$63.00
JP Morgan
Date:
Oct 16, 2025
Action:
Upgrades
Prev. Target:
$56.00
New Target:
$60.00
7
Valuation

Earnings History (3 years)

It is important to look at a companies earnings history to see not only if they are profitable, but if their earnings are growing.
As you can see from the chart above, LVS's earnings have increased for the past three years, this is a positive sign for the stock.
8
Financial Health
What is the current state of the company's financial situation?

We measure the health of a company based on how profitable they are and their ability to cover both their short-term and long-term debts. The key indicators that we use are the Operating Margin, Quick Ratio, and Debt-to-Equity ratio relative to the companies peers

Operational Margin 0.2384

The operating margin measures how much profit a company makes after it spends money on wages, materials or other administrative expenses but before interest and taxes. It is a good representation of how efficiently a company is able to generate profit from its core operations.

Quick Ratio 0.8352

The quick ratio measures how much of a company's debt, that is due in less than 1 year, can be covered using its cash equivalents, marketable securities, and money that is currently owed to them (accounts receivables).

A company with a quick ratio of less than 1.00 does not, in many cases, have the capital on hand to meet its short-term obligations if they were all due at once, while a quick ratio greater than one indicates the company has the financial resources to remain solvent in the short term.

Debt-to-Equity 12.4984

Debt-to-equity is calculated by dividing a company's total liabilities by its shareholders equity. It is a measure of the degree to which a company is financing its operations through debt versus wholly owned funds. Generally speaking, a D/E ratio below 1.0 would be seen as relatively safe, whereas ratios of 2.0 or higher would be considered risky.

The chart above shows Las Vegas Sands (LVS) operating margin, quick ratio, and debt-to-equity ratio compared to its peers. The black markers represent the peer averages for each ratio and the blue bars represent Las Vegas Sands (LVS) ratio values.
9
Dividend
There are few things we like to see when evaluating the quality of a company's dividend history and future

Ideally, we would like to see a company have a long history of consistently high dividend payouts that have grown at a consistent rate. From here we want to be confident that this sort of dividend growth and consistency will persist into the future.

The chart below shows the historical trend in Las Vegas Sands (LVS) dividend yield on an annual basis.

27.51%
Las Vegas Sands (LVS) saw a increase in it's dividend yield since 2023
10
Past Performance
How has Las Vegas Sands (LVS) performed over the past 5 years?

The two main factors that we consider when analyzing past performance is overall return and volatility

Using these two metrics, we can determine if this stock gave its investors enough return for the risk that they took on by owning it. This is measured by the sharpe ratio, which has been used as a primary measure of risk/reward trade-off for almost 60 years.

This ratio can be interpreted as the amount of return an investor has received for the amount of risk that they took on by owning the stock over that timeframe.

Las Vegas Sands (LVS) sharpe ratio over the past 5 years is 0.1048 which is considered to be above average compared to the peer average of 0.0287

11
Analyzing Las Vegas Sands (LVS) Recent Options Activity
Below, you can see the trend in options sentiment over the past 30 days.

Based on our data, LVS's options trades have recently carried more negative sentiment than positive.

12
Company Financials
INCOME STATEMENT
The income statement also known as the profit and loss statement, primarily focuses on the company's revenues and expenses during a particular period.

The main purpose of an income statement is to convey details of profitability and business activities. Below, is LVS's income statement for the previous four years along with its trailing-twelve- month profit & loss.

FISCAL YEAR (BIL.)
2021 ($)
2022 ($)
2023 ($)
2024 ($)
TTM ($)
Total Revenue
4.23
4.11
10.37
11.30
12.26
Operating Revenue
4.23
4.11
10.37
11.30
12.26
Cost Of Revenue
2.63
2.46
5.21
5.78
6.14
Gross Profit
1.61
1.65
5.17
5.52
6.12
Operating Expense
2.25
2.42
2.81
3.06
3.31
Selling General And Administration
0.83
0.94
1.11
1.15
1.18
Research and Development
0.11
0.14
0.21
0.23
0.27
Operating Income
-0.64
-0.77
2.35
2.47
2.82
Net Non-Operating Interest Income Expense
-0.62
-0.59
-0.53
-0.45
-0.56
Other Income Expense
-0.21
-0.03
-0.05
-0.05
-0.14
Other Non-Operating Income Expenses
-0.03
-0.01
-0.01
0.01
-0.02
Pre-Tax Income
-1.47
-1.39
1.77
1.96
2.12
Tax Provision
0.00
0.15
0.34
0.21
0.31
Net Income
-0.96
1.83
1.22
1.45
1.56
Net Income Common Stockholders
-0.96
1.83
1.22
1.45
1.56
Total Operating Income As Reported
-0.69
-0.79
2.31
2.40
2.70
Total Expenses
4.88
4.88
8.02
8.83
9.45
Net Income From Continuing And Discontinued Operation
-0.96
1.83
1.22
1.45
1.56
Normalized Income
-0.98
-1.05
1.25
1.50
1.66
Interest Income
0.00
0.12
0.29
0.28
0.18
Interest Expense
0.62
0.70
0.82
0.73
0.73
Net Interest Income
-0.62
-0.59
-0.53
-0.45
-0.56
EBIT
-0.85
-0.68
2.59
2.69
2.86
EBITDA
0.24
0.41
3.86
4.05
4.38
Reconciled Cost Of Revenue
2.63
2.46
5.21
5.78
6.14
Reconciled Depreciation
1.10
1.09
1.27
1.37
1.52
Normalized EBITDA
0.43
0.43
3.90
4.12
4.50
Tax Rate For Calcs
0.00
0.00
0.00
0.00
0.16
Tax Effect Of Unusual Items
-0.01
0.00
-0.01
-0.01
-0.02
BALANCE SHEET
The balance sheet is a snapshot of a companies financials during a particular period in time.

It breaks down what company owns (assets) and what a company owes (liabilities), in order to give investors an overview of its capital structure.

FISCAL YEAR (BIL.)
2021 ($)
2022 ($)
2023 ($)
2024 ($)
TTM ($)
Total Assets
20.06
22.04
21.78
20.67
21.50
Current Assets
5.51
6.74
5.78
4.29
4.15
Total Non-Current Assets
14.55
15.29
16.00
16.38
17.35
Total Liabilities Net Minority Interest
17.81
18.38
17.67
17.51
19.64
Current Liabilities
2.56
3.90
4.42
5.80
4.67
Other Non-Current Liabilities
0.35
0.38
0.94
0.93
0.94
Total Equity Gross Minority Interest
2.25
3.66
4.10
3.16
1.87
Stockholders Equity
0.00
0.00
0.00
0.00
0.00
Total Capitalization
16.72
17.83
16.25
13.48
15.42
Common Stock Equity
2.00
3.88
4.12
2.88
1.57
Net Tangible Assets
1.98
3.82
3.52
2.34
0.98
Working Capital
2.94
2.84
1.35
-1.51
-0.52
Invested Capital
16.79
19.86
18.15
16.64
17.34
Tangible Book Value
1.98
3.82
3.52
2.34
0.98
Total Debt
14.79
15.98
14.03
13.75
15.77
Net Debt
12.94
9.67
8.92
10.10
12.42
Share Issued
0.83
0.83
0.83
0.83
0.84
Ordinary Shares Number
0.76
0.76
0.75
0.72
0.68
CASH FLOW STATEMENTS
A companies statement of cash flows gives an investor a break down of the cash inflows and outflows from a companies operations and investment activities.
FISCAL YEAR (BIL.)
2021 ($)
2022 ($)
2023 ($)
2024 ($)
TTM ($)
Cash Flow from Continuing Operating Activities
-0.24
-0.94
3.23
3.20
2.73
Net Income from Continuing Operations
-1.47
-1.54
1.43
1.75
1.81
Depreciation and Amortization
1.10
1.09
1.27
1.37
1.52
Deferred Tax
-0.04
-0.75
0.04
-0.04
Deferred Income Tax
-0.04
-0.75
0.04
-0.04
Stock-Based Compensation
0.02
0.04
0.04
0.05
0.05
Other Non-Cash Items
0.05
0.04
0.03
-0.01
0.04
Change in Working Capital
-0.09
0.16
0.39
0.02
-0.80
Change in Receivables
0.04
-0.08
-0.22
0.04
-0.18
Changes in Account Receivables
0.04
-0.08
-0.22
0.04
-0.18
Change in Inventory
Change in Payables and Accrued Expense
-0.01
0.01
0.08
0.03
Change in Payable
-0.01
0.01
0.08
0.03
Change in Account Payable
-0.01
0.01
0.08
0.03
Change in Other Current Assets
-0.01
-0.05
-0.05
-0.05
Change in Other Current Liabilities
-0.12
0.23
0.58
0.02
0.25
Change in Other Working Capital
Cash Flow from Continuing Investing Activities
-0.83
-0.72
-1.25
-1.58
-1.50
Net PPE Purchase and Sale
0.01
0.01
Net Business Purchase and Sale
Purchase of Business
Net Investment Purchase and Sale
Purchase of Investment
Sale of Investment
Net Other Investing Changes
Financing Cash Flow
0.68
1.12
-3.19
-3.06
-2.07
Cash Flow from Continuing Financing Activities
0.68
1.12
-3.19
-3.06
-2.07
Net Issuance Payments of Debt
0.70
1.13
-2.07
-0.33
1.80
Net Long-Term Debt Issuance
0.70
1.13
-2.07
-0.33
1.80
Long-Term Debt Issuance
2.70
1.20
6.78
Long-Term Debt Payments
-2.00
-0.07
-2.07
-2.07
-4.98
Net Short-Term Debt Issuance
2.70
Net Common Stock Issuance
-1.75
-2.17
Common Stock Issuance
Common Stock Payments
-1.75
-2.17
Cash Dividends Paid
-0.59
-0.81
Net Other Financing Charges
-0.04
-0.01
-0.31
-0.34
-0.84
End Cash Position
7.86
25.48
23.48
18.02
13.99
Changes in Cash
4.49
-1.21
-1.44
-0.84
Beginning Cash Position
8.07
20.96
24.68
19.48
14.84
Capital Expenditure
-0.84
-0.78
-1.26
-1.58
-1.52
Issuance of Capital Stock
Issuance of Debt
2.70
1.20
6.78
Repayment of Debt
-2.00
-0.07
-2.07
-2.07
-4.98
Repurchase of Capital Stock
-1.75
-2.17
Free Cash Flow
-0.82
-1.58
1.97
1.62
1.22