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Earnings transcript
Read the complete earnings call transcript.
LVS
Las Vegas Sands Corp.
$54.34
0.02
(0.04%)
| Exchange: | NYSE |
| Market Cap: | 36.741B |
| Shares Outstanding: | 337.24M |
About The Company
| Sector: | Consumer Cyclical | |||||
| Industry: | Gambling, Resorts & Casinos | |||||
| CEO: | Patrick Dumont | |||||
| Full Time Employees: | 39900 | |||||
| Address: |
| |||||
| Website: | https://www.sands.com |
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.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 10,372,000 | 11,298,000 | 13,017,000 |
| Gross Profit | 3,901,000 | 4,153,000 | 3,668,000 |
| EBITDA | 3,920,000 | 4,112,000 | 4,499,000 |
| Operating Income | 2,355,000 | 2,466,000 | 3,089,000 |
| Net Income | 1,221,000 | 1,446,000 | 1,627,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 21,778,000 | 20,666,000 | 21,920,000 |
| Total Liabilities | 17,674,000 | 17,506,000 | 19,986,000 |
| Total Stockholders Equity | 4,118,000 | 2,884,000 | 1,590,000 |
| Total Debt | 14,029,000 | 13,752,000 | 16,138,000 |
| Cash and Cash Equivalents | 5,105,000 | 3,650,000 | 3,841,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 3,227,000 | 3,204,000 | 2,822,000 |
| Capital Expenditure | -1,257,000 | -1,580,000 | -1,168,000 |
| Free Cash Flow | 1,970,000 | 1,624,000 | 1,654,000 |
| Net Income | 1,431,000 | 1,752,000 | 1,866,000 |
| Net Change in Cash | -1,207,000 | -1,454,000 | 191,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 14,942,065.680 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 14,972,524.840 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 14,957,295.260 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 3,637,878.090 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 3,645,293.845 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 3,641,585.967 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 2,546,705.703 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 3,021,161.224 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 2,783,933.464 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 2,879,914.671 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 2,885,785.330 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 2,882,850 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 3.980 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 4.360 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 3.670 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 7 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 3 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Revenue Performance: LVS has demonstrated robust revenue figures in recent income statements, reflecting a solid operational base. The consistent growth in gross profit and operating income indicates effective cost management and a strong market position within the gaming and hospitality sector.
- Positive Free Cash Flow: The company’s cash flow statements highlight a healthy free cash flow yield (as per key metrics TTM), suggesting financial flexibility to fund operations, reduce debt, or return value to shareholders through dividends or buybacks.
- Global Presence and Diversified Revenue Streams: Revenue geographic segments data shows LVS benefits from a diversified revenue base across multiple regions, reducing dependency on a single market and enhancing resilience against localized economic downturns.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates LVS intrinsic value between $32.42 – $48.37 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about LVS valuation
Is Las Vegas Sands Corp. (LVS) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Las Vegas Sands Corp. (LVS) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is LVS a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether LVS trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is LVS’s P/E ratio?
You can see LVS’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for LVS?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is LVS a good long-term investment?
Whether LVS fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
LVS
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