Las Vegas Sands Corp Dossier
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SectorConsumer Discretionary IndustryCasinos & Gaming Beta (adjusted)0.90 Intrinsic Value $55.61median of 6 methods · middle span $45-$74based on filings through 30 Jun 2026 Market Price $36.69Price as of 1 Oct 2026 Significantly undervaluedIntrinsic value is 52% above the market price −50% · IV below pricenear fair value ±15%IV above price · +50% marker beyond scale (+52%) Data confidence Sign in to view data confidence Market Cap $23.8B Enterprise Value $35.6B Shares Outstanding 652M diluted Moat Rating Wide Next Earnings Date28 Oct 2026 Last ex-dividend4 Aug 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Las Vegas Sands combines a high-performing Singapore franchise with a broad Macao resort portfolio and substantial capital-return capacity. The latest quarter was obscured by adverse Macao rolling-play hold, while gaming volumes grew across segments and Marina Bay Sands retained strong profitability. The US$8 billion Singapore development creates a material long-duration growth option but also increases execution and balance-sheet sensitivity. Against the issuer-reported August 28 closing price of $45.04, the scenario analysis supports a Buy recommendation, with the principal caveats being gaming-hold volatility, regulatory concentration, leverage and expansion execution. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$47.00 Mean target$59.07 High · most bullish analyst$71.50 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $47.0021% Macao demand or market share weakens beyond temporary hold effects, Marina Bay Sands margins normalize lower, and the Singapore expansion experiences cost pressure while elevated debt constrains capital returns. Base CaseCentral scenario $59.0756% Matches the consensus meanMacao improves from the hold-depressed second quarter while Marina Bay Sands remains the principal earnings anchor. Capital returns continue but are balanced against expansion spending and debt. Bull CaseUpside scenario $71.5023% Macao's stronger gaming volumes convert into earnings as hold normalizes, Marina Bay Sands sustains premium demand, and visible progress on the new Singapore development reduces execution risk. Continued repurchases amplify per-share participation in the recovery. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |