NYSE · LVS
Las Vegas Sands Corp.
Consumer Cyclical · Gambling, Resorts & Casinos
$36.54▼ 3.36% ($1.27)today
As of 11:41 AM ET
Market cap
$23.67B
P/E
Valuation
Revenue & margin DCF
Verdict: cheap. Price below all scenarios.
The price holds with revenue shrinking 0.7% a year for 10 years. Our scenarios assume 7.2–12.5%.
That's below its past 4-year pace of 32.4%.
Value per share
Base case
$115.30
Price used $36.54 is 68% below this
USD · TTM ending Jun 30, 2026 · Price Oct 1, 3:41 PM UTC
This estimate is at least 3× the price used. Review the growth, margin and investment assumptions behind the gap.
Revenue each value needs
Revenue today $13.7B. The price needs $12.8B by 2036. Base case: $35.5B. At its recent pace: $227B. Bear to Bull: $27.5B to $44.4B.
Revenue today $13.7B. The price needs $12.8B by 2036. Base case: $35.5B. At its recent pace: $227B. Bear to Bull: $27.5B to $44.4B.
Revenue in 2036
today $13.7B
−$22.7Bless than the Base case
Value per share · Base case
$115.30
Price $36.54
68% below this
- 10-yr revenue CAGR
- 10.0%
- Ending operating margin
- 23.3%
- Discount rate
- 7.6%
This estimate is at least 3× the price used. Review the growth, margin and investment assumptions behind the gap.
USD · TTM ending Jun 30, 2026 · Price Oct 1, 3:41 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
What changed
The stock fell 33.23% over the last year. Revenue grew 18.11% over the trailing twelve months. Operating margin moved from 21.76% to 23.35%. Free cash flow grew 343.24% over the trailing twelve months.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price, and the shares now sit around the 0th percentile of their historical P/FCF range. That looks more like a rerating of the multiple than a collapse in the business.
What would invalidate this read
This read changes if operating margin (currently 23.35%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Return analysis
Company profile
Las Vegas Sands Corporation, in conjunction with its various subsidiaries, specializes in the development, ownership, and ongoing management of comprehensive integrated resort properties across both Asian and United States markets.
Market multiples
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Analyst consensus
29
Buy
20
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Oct 21, 2026
Q3 FY26 · EPS est $0.75 · Revenue est $3.41B
View
Institutional Sentiment
Las Vegas Sands Corp. · LVS
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.