LAS VEGAS SANDS CORP.

LVS

CIK 0001300514 · Quarterly mode · latest period FY2026 (Q1) (ending 2026-03-31) · sourced from SEC EDGAR

At a glance · FY2026 (Q1)

Revenue
$3.58B
↑+25.3% +$723Mvs FY2025 (Q1)
Operating Income
$904M
↑+48.4% +$295Mvs FY2025 (Q1)
Net Income
$567M
↑+61.1% +$215Mvs FY2025 (Q1)
Gross Profit
$3.58B
↑+25.3% +$723Mvs FY2025 (Q1)

Quality Score

Quality score

6-dimension fundamental snapshot · latest annual filed values · S&P 500 calibration

Strong
66/100
  • Profitability
    100ROIC 100.0% (10% = solid, 20%+ = moat)
  • Liquidity
    32Current Ratio 1.14 (above 1.5 = solid)
  • Leverage
    47D/E 1.06 (under 0.5 = conservative)
  • Efficiency
    32Asset Turnover 0.61x (1.0+ = capital-efficient)
  • Growth
    100Revenue YoY +25.3% (10% = solid, 25%+ = elite)
  • Margin Trend
    87Op Margin 25.2% · trend +2.2pts (4Q avg vs prior 4Q)

Calibrated to S&P 500 medians. Each sub-score is computed from a single CFA-grade ratio (Profitability = ROIC, Liquidity = Current Ratio, Leverage = D/E, Efficiency = Asset Turnover, Growth = Revenue YoY, Margin Trend = 4Q operating-margin avg vs prior 4Q). Overall = simple mean.

DCF intrinsic value

DCF intrinsic value

two-stage Gordon model

Project LVS's free cash flow forward, discount back at your hurdle rate, divide by diluted shares. Edit the assumptions to see how sensitive the intrinsic value is.

8%

Trailing CAGR unavailable; default 8%

10%

10% is a common all-equity benchmark for US large-caps

2.5%

Should be ≤ long-run GDP growth (~2.5% nominal)

5

5-year explicit projection + perpetuity terminal

Intrinsic value per share
$46.05
Total enterprise IV
$31.91B
Diluted shares
0.69B
Terminal PV
$23.13B (72% of total)
Year-5 FCF
$2.73B
YearProjected FCFDiscounted PV
+1$2.00B$1.82B
+2$2.16B$1.79B
+3$2.34B$1.76B
+4$2.52B$1.72B
+5$2.73B$1.69B
Terminal$37.25B$23.13B

DCF outputs are HIGHLY sensitive to growth + WACC assumptions. A 1pp WACC change can shift IV by 20%+. Use this as a sanity-check vs market price, not a target — and always cross-check the underlying FCF source (EDGAR cashflow statement, latest annual). Margin of safety convention: 30-50% discount to IV before buying.

Capital allocation · trailing 4 quarters

how the company spent its cash
Capex (TTM)
$983M
investment in PP&E
Dividends paid (TTM)
$1.10B
cash returned to holders
Stock buybacks (TTM)
$2.55B
share count reduction
Stock-based comp (TTM)
$67M
non-cash dilution

Balance sheet · 2026-03-31

latest filed snapshot
Total assets
$21.18B
everything owned
Total liabilities
$19.57B
everything owed
Stockholders' equity
$1.20B
shareholder claim
Net debt
$6.17B
LT debt minus cash

Recent performance · 69 quarters

Revenue↑+25.3% +$723M
$3.58B
Net Income↑+61.1% +$215M
$567M
Free Cash Flow↑+265.3% +$390M
$537M
Operating Margin↑+3.9pts
25.2%

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