Las Vegas Sands Corp. (LVS)
Consumer Cyclical · Gambling, Resorts & Casinos · Data as of 2026-10-22
Bottom line
LVS is trading near its usual valuation, near its historical support zone, and recent volume suggests money flowing out. The picture is mixed, so it may be worth watching rather than acting on. Past patterns are not a guarantee of future results.
Valuation — Cheap-looking, with quality flags (Yellow)
LVS trades at 15× earnings, below its own 5-year average of 27× and below similar consumer cyclical companies we track (19×, 50 peers). Historically this has been on the cheaper side for the stock. It also generates strong cash: a free-cash-flow yield of about 11%. Growth is slower than its 3-year pace, which deserves some caution. Its current multiple sits around the 0th percentile of its own last five years — toward the low end of its own range.
Quality check: revenue growth has slowed to about 15% a year (3-year pace about 59%; analysts expect about 4% next year), while the multiple sits at the low end of its own history. That combination can mean the market is pricing a slower business rather than offering a bargain.
Price zones — Near its historical support zone (Green)
At $36.53, the stock is close to the lower end of its recent range. Over the past year LVS has traded between $35.03 and $70.45; its historical support zone sits near $35.03 and resistance near $41.08. It is below both its 50- and 200-day averages, which has historically signalled a downtrend.
52-week range $35.03–$70.45 · 50-day average $41.08 · 200-day average $49.69
Money flow — Money is flowing out (Red)
Recent trading in LVS shows more volume on falling days than rising days, a pattern often described as distribution. Volume on up days has been about 0.4× volume on down days over the last 30 sessions.
Dividends & company facts
LVS paid $1.15 a share in dividends over the past year — 3.1% of today's price — and raised it 2 times in the last five years. It returned more through buybacks: $2.0 billion in fiscal 2025, about 8.0% of its market value.
- Dividend yield (12 months)
- 3.15%
- Paid over 12 months
- $1.15 a share
- Payout ratio
- 34.8%
- Buybacks
- 8.04% (fiscal 2025)
- Shares, past year
- -4.7%
- Revenue, 12 months
- $13.7B
- Profit, 12 months
- $1.8B
- Employees
- 41,250
- CEO
- Patrick Sydney Dumont
- Headquarters
- Las Vegas, NV
- Listed since
- 2004 · NYSE
About the company
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…
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一句话结论
LVS 估值接近其惯常水平，接近其历史支撑区，近期成交量显示资金正在流出。整体情况好坏参半，也许更适合先观察，而不是急于行动。过去的形态并不能保证未来的结果。
估值 — 看似便宜，但有质量警示
LVS 目前的市盈率为 15×，低于其自身 5 年平均的 27×，并且低于我们追踪的同类Consumer Cyclical公司（19×，50 家）。从历史来看，这属于该股较便宜的一侧。它同时产生充沛的现金：自由现金流收益率约为 11%。增速已慢于其 3 年的平均步伐，这一点值得留意。它当前的估值倍数大约位于自身过去五年分布的第 0 百分位——处于自身区间的偏低位置。
质量核对：营收增速已放缓至每年约 15%（3 年平均步伐约为 59%；分析师预期明年约为 4%），而估值倍数正处于自身历史的低位。这样的组合可能意味着市场在为一个增长更慢的业务定价，而不是在给出便宜的价格。
价格区间 — 接近其历史支撑区
目前价格为 $36.53，接近其近期区间的下沿。过去一年 LVS 的价格在 $35.03 到 $70.45 之间波动；其历史支撑区在 $35.03 附近，阻力区在 $41.08 附近。它同时位于 50 日和 200 日均线下方，这在历史上通常对应下降趋势。
资金流向 — 资金正在流出
LVS 近期下跌日的成交量高于上涨日，这种形态常被称为派发。过去 30 个交易日，上涨日的成交量约为下跌日的 0.4×。
股息与公司概况
LVS 过去一年每股派息 1.15 美元，相当于当前股价的 3.1%，过去五年上调过 2 次。它通过回购返还了更多：2025 财年回购 19.5亿美元，约占市值的 8.0%。
UnderTheLight 用直白的语言解释股票——估值、价格区间与资金流向。它只描述数据，不构成任何投资建议。
UnderTheLight explains stocks in plain English — valuation, price zones and money flow as traffic lights, recomputed nightly. It describes data; it is not investment advice and never recommends a trade.