Las Vegas Sands Corp. (LVS)

FairStock Score: 54/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses that earn high returns on capital and sell at a sensible price. Las Vegas Sands owns large integrated resorts in Macao and Singapore, and its cash generation is real: trailing free cash flow is $2.7 billion, an 11.8% FCF yield on the $22.9 billion market cap, with a 3.00% dividend and low D/E of 17.04. The operating record is decent: FY2025 revenue was $13.0 billion, net income $1.6 billion, diluted EPS $2.35, up from FY2024’s $11.3 billion, $1.4 billion and $1.96, and FY2023’s $10.4 billion, $1.2 billion and $1.60. But recent filings show softening: fiscal Q3 2026, the quarter ended 2026-09-30, had revenue $3.2 billion, net income $304.0 million and EPS $0.48, versus fiscal Q2 2026 revenue $3.2 billion, net income $346.0 million and EPS $0.53, and fiscal Q1 2026 revenue $3.6 billion, net income $567.0 million and EPS $0.85. FairStock labels it a SLOW GROWER — Shrinking: profit -3.9% a year over 3 years, revenue 46.9%. At the 2026-10-26 close of $36.57, FairStock’s P/E is 14.17 and EV/EBITDA 7.42, but P/B is 40.63, ROE 122.87%, ROCE 9.55%, Piotroski 5/9 and Altman Z 1.31. Its Graham Number is $7.15, so the price is far above that asset/earnings anchor. The moat comes from large, hard-to-replicate resort complexes in Macao and Singapore, though regulation and travel cycles sit outside management’s control. I see a cash-rich but profit-soft operator; the price is not demanding on earnings and cash flow, yet not a Graham bargain.

In plain English: Las Vegas Sands runs large casino and resort complexes in Macao and Singapore. The company produces strong cash flow and carries modest debt, but recent quarterly profit has weakened and the stock looks far above a strict asset-based value while only moderately priced versus earnings. On the given numbers, it looks fair on cash flow but not cheap by conservative value tests.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-09-30) · fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q4 2025 10-K (period ended 2025-12-31) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer