--- title: Las Vegas Sands (LVS) — intrinsic value and fair price canonical: https://sweetvaluelab.com/stocks/lvs ticker: LVS as_of: 2026-10-17 sector: Consumer Cyclical industry: Gambling, Resorts & Casinos --- # Las Vegas Sands (LVS) Las Vegas Sands (LVS) closed at $38.01 on Oct 16, 2026, undervalued by 38% vs its model value of $60.92 (from a five-year discounted cash flow). ## Key figures | Figure | Value | | --- | ---: | | Last close | $38.01 (Oct 16, 2026) | | Model value (from a five-year discounted cash flow) | $60.92 | | Price vs model | undervalued by 38% vs model | | Range of that model | $30.95 – $160.20 | | Market value | $24.6B | | P/E (fiscal 2025) | 16.2 | | Net margin (fiscal 2025) | 12.5% | | Free cash flow (fiscal 2025) | $1.9B | | Dividend yield (trailing twelve months) | 3.03% | | Beta | 0.77 | | Cost of capital (WACC) | 6.91% | | Business classification | Cyclical (Moderate growth (~12% recent), Moderate margins (12% net margin), Strong dividend yield, Highly cyclical earnings, High leverage (D/E 9.9x), Strong FCF yield (7.5%)) | ## On the stock lists | List | Place | Figure | Page | | --- | ---: | ---: | --- | | Near 52-week lows | #45 | +6.1% | https://sweetvaluelab.com/lists/near-52-week-lows | | Worst performing this year | #18 | −41.6% | https://sweetvaluelab.com/lists/worst-performing-this-year | ## Dividends | Figure | Value | | --- | ---: | | Trailing dividend yield | 3.03% | | Dividends per share, last 12 months | $1.15 | | Dividends / free cash flow (fiscal 2025) | 44.9% | | Raised | 1 years in a row | | Growth over 2 years | 19.9% a year | | Latest payment | $0.30, ex-date Aug 4, 2026, paid Aug 12, 2026 | | Year of payments | Dividends per share | | --- | ---: | | To Aug 6, 2024 | $0.80 | | To Aug 5, 2025 | $0.95 | | Trailing twelve months (to Aug 4, 2026) | $1.15 | ## Valuation models Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026. | Model | Role | Value per share | Low | High | | --- | --- | ---: | ---: | ---: | | DCF · Perpetuity growth · 5y | primary | $60.92 | $30.95 | $160.20 | | DCF · Perpetuity growth · 10y | cross check | $67.88 | $36.44 | $173.46 | | DCF · EBITDA exit · 5y | cross check | $37.63 | $13.27 | $66.60 | | DCF · EBITDA exit · 10y | cross check | $46.27 | $21.71 | $79.88 | | P/E · peers | cross check | $44.91 | $44.59 | $52.04 | | P/E · own history | cross check | $65.77 | $58.51 | $75.60 | | PEG | sanity check | $59.78 | $59.78 | $59.78 | | EV/EBITDA · peers | cross check | $25.53 | $21.55 | $31.12 | | EV/Revenue · peers | cross check | $1.03 | $0.00 | $24.09 | | Earnings power value | cross check | $10.58 | $5.62 | $18.30 | | Dividend discount | cross check | $15.09 | $11.40 | $24.52 | ## Insider activity (SEC Form 4) No open-market insider buys or sales filed in the past 90 days. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Aug 31, 2026 | Adelson Miriam | 10% Owner | Bona fide gift | 7,947,648 | $0 | | Aug 31, 2026 | Adelson Miriam | 10% Owner | Bona fide gift | 1,077,046 | $0 | | Jun 16, 2026 | Adelson Miriam, SHELDON G. ADELSON 2007 REMAINDER TRUST, SHELDON G. ADELSON 2007 FRIENDS & FAMILY TRUST | 10% Owner | Bona fide gift | 87,718,919 | $0 | | Jun 16, 2026 | Adelson Miriam, SHELDON G. ADELSON 2007 REMAINDER TRUST, SHELDON G. ADELSON 2007 FRIENDS & FAMILY TRUST | 10% Owner | Bona fide gift | 87,718,918 | $0 | | Jun 16, 2026 | Adelson Miriam, SHELDON G. ADELSON 2007 REMAINDER TRUST, SHELDON G. ADELSON 2007 FRIENDS & FAMILY TRUST | 10% Owner | Bona fide gift | 43,859,460 | $0 | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Jul 24, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1300514/000130051426000085/lvs-20260630.htm | | Jul 22, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1300514/000130051426000078/lvs-20260722.htm | | May 18, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/1300514/000130051426000073/lvs-20260514.htm | | May 13, 2026 | 8-K | 1.01 Entry into a Material Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1300514/000130051426000070/lvs-20260513.htm | | May 5, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1300514/000130051426000062/lvs-20260504.htm | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Bridgewater | 2026-06-30 | 393,665 | $18.2M | | Dodge & Cox | 2026-06-30 | 28,186 | $1.3M | 2 tracked managers in all. ## About 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. The company maintains a significant portfolio of establishments in Macao, People's Republic of China, including The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao (which encompasses the Four Seasons Hotel Macao, Cotai Strip), and the Sands Macao. Furthermore, its Asian operations extend to Singapore, where it presides over the iconic Marina Bay Sands. Domestically, Las Vegas Sands also operates key assets within Las Vegas, Nevada: The Venetian Resort Hotel Casino, prominently situated on the renowned Las Vegas Strip, and the Sands Expo and Convention Center. These expansive integrated resorts are meticulously designed to o… --- Source: https://sweetvaluelab.com/stocks/lvs (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.