| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 77 | 16.6x | 17.8x | Top tier | |
Growth | 85 | 18.1% | 7.1% | Top tier | |
Quality | 93 | 15.0% | 4.5% | Top tier | |
Safety | 49 | 2.8x | 2.6x | Around median | |
Capital Return | 63 | 2.57% | 2.12% | Around median | |
Momentum | 16 | -14.8% | 2.9% | Bottom tier | |
Sentiment | 67 | 10 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Las Vegas Sands Corp. operates integrated resorts focused on gaming, hospitality, entertainment, retail, and food and beverage services, with the portfolio cited in the data centered on Marina Bay Sands in Singapore and Sands China resorts in Macau. Its ability to generate revenue and profits depends on attracting high-spending tourists, particularly premium gaming customers and the VIP segment, while also benefiting from luxury suites, events, entertainment, retail, and meetings, incentives, conferences, and exhibitions tourism. As of June 30, 2026, the company’s ownership stake in Sands China was 74.8%.
In fiscal Q2 2026, Las Vegas Sands recorded revenue of $3.2 billion, net income of $346 million, and earnings per share of $0.53, equivalent to a calculated net income margin of approximately 10.8%. This compares with revenue of $3.6 billion, net income of $567 million, and earnings per share of $0.85 in fiscal Q1 2026, while fiscal 2025 revenue was approximately $13.0 billion, net income was $1.6 billion, and earnings per share were $2.35. On a trailing-twelve-month basis ending in 2026, the latest EDGAR data showed revenue of $13.7 billion, net income of $1.7 billion, and earnings per share of approximately $2.63.
At the asset level, Marina Bay Sands generated earnings before interest, taxes, depreciation, and amortization of $689 million in fiscal Q2 2026, or $652 million after adjusting for exceptional luck in VIP gaming, with a reported operating margin of approximately 50%. The Macau operations generated $430 million in earnings before interest, taxes, depreciation, and amortization, and the figure would have been $517 million when normalizing the VIP gaming hold percentage. This mix shows that Singapore was the clearest source of earnings strength during the period, while Macau combined strong growth in gaming volumes with notable pressure from volatile gaming results and higher operating spending.
The average analyst price target is $59.78, within a range of $52 to $65, against a consensus Buy rating; the average target is approximately 15% below the 52-week range high of $70.45, while even the highest target remains below that peak. The wide 52-week range between $43.915 and $70.45 reveals the valuation’s sensitivity to volatility in gaming profits and cost pressure at Sands China, balanced against market share gains and the $6 billion authorized repurchase program.
Figures in the text are as of 2026-08-28; the live price is shown at the top of the page.
Marina Bay Sands was the strongest earnings driver, generating $689 million in earnings before interest, taxes, depreciation, and amortization and a reported margin of approximately 50% in fiscal Q2 2026. Macau earnings on the same measure were $430 million, or $517 million after normalizing the VIP gaming hold percentage. At the group level, revenue was $3.2 billion, net income was $346 million, and earnings per share were $0.53. These results came despite seasonality and lower attendance by some high-value customers during the World Cup in June 2026.
Fiscal Q2 2026 figures indicate clear market share gains; VIP gaming volume increased 73% year over year, and the company’s share of this volume reached 26%. Non-rolling gaming drop also increased 15%, while slot machine and electronic gaming volume grew 30%. Total mass gaming revenue at Sands China increased 8%, double the Macau market’s 4% growth. However, the volume gains did not fully translate into profits due to the 1.35% VIP hold percentage and higher costs.
The renovation of rooms and suites at The Venetian Macao began in March 2026, and the company aims to return all 2,900 units to inventory by Chinese New Year 2028. The average number of rooms out of inventory was approximately 400 in fiscal Q2 2026, and the number is expected to range between 400 and 500 rooms per quarter through 2027. Management expects to begin benefiting from a growing block of new suites during 2027, along with the addition of gaming areas and facilities aimed at the premium segment. The strategy is based on the performance of The Londoner and Grand Suites at Four Seasons, which exceeded their normalized 2019 levels during the quarter discussed.
Automated analysis for informational purposes only — not investment advice.
The company repurchased $787 million of LVS shares in fiscal Q2 2026, following elevated repurchase activity in the previous quarter as well. Over 11 quarters through June 30, 2026, it repurchased the equivalent of 16.3% of outstanding shares. The board also raised the repurchase authorization to $6 billion, and the company paid a recurring quarterly dividend of $0.30 per share. On August 16, 2026, Sands China also announced an interim dividend of HK$0.50 per share despite a 3.6% decline in first-half profit.
The most prominent risk is the concentration of premium gaming activity among high-value customers, as changes in the attendance of a limited number of them or in their betting outcomes can significantly affect profits. In fiscal Q2 2026, the 1.35% hold percentage reduced Macau earnings before interest, taxes, depreciation, and amortization by $87 million compared with the normalized result. Casino, payroll, and renovation costs also caused Sands China’s profit to decline 3.6% in the first half of 2026 despite 11.1% net revenue growth. Intense competition in the premium segment, ongoing capital spending, and taking 400 to 500 rooms out of service each quarter through 2027 add execution and margin pressures.
The company aims to open the expansion in early 2031, subject to obtaining the required government approvals. The project includes increasing luxury suite capacity, enhancing services and entertainment, and adding an advanced events arena. This follows the transformation of the existing product from 135 suites to 770 suites, which management described as a driver of the structural increase in the property’s earnings capacity. In fiscal Q2 2026, the property generated $689 million in earnings before interest, taxes, depreciation, and amortization, providing a strong earnings base before the expansion is implemented.
