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Sands China Ltd. (1928.HK)

HKD13.18 -0.04 (-0.30%)
MO HKSE Consumer Cyclical Gambling, Resorts & Casinos
Address The Venetian Macao Resort Hotel
Taipa, MO
CEO Kwan Lock Chum
IPO 2009-11-30
ISIN KYG7800X1079

Explore sections of this company profile

Also trades on Hong Kong Stock Exchange · 1928.HK (HKD) Other OTC · SCHYF (USD) Other OTC · SCHYY (USD)
Description

Sands China Ltd. functions as an investment holding entity, primarily engaged in the development, ownership, and management of integrated resorts and casinos throughout Macao. Its portfolio features iconic properties such as The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao, and The Sands Macao casino. In addition to these, the company operates the Cotai Expo convention and exhibition center, the Cotai Arena entertainment venue, and the Cotai Water Jet ferry service, catering to both leisure and business travelers. By December 31, 2021, Sands China's extensive facilities included 12,373 hotel rooms and suites, 151 restaurants and food outlets, 2.1 million square feet of retail shopping areas, 1.7 million square feet dedicated to MICE events, four permanent theaters, a 15,000-seat arena, and numerous casinos. The company further diversifies its offerings through services like ferry transportation, various leasing arrangements (including pontoon leasing), travel and tourism agency operations, security provisions, human resources administration, and mall management. It also extends outsourcing solutions for information technology, accounting, hotel management, and marketing. Founded in 2009 and headquartered in Taipa, Macau, Sands China Ltd. operates as a subsidiary of Las Vegas Sands Corp.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD13.18 -0.04 (-0.30%)
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Volume Profile
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Liquidity & share structure
Average Volume
14M
Beta
0.48
Float Shares
2.03B
Free Float %
25.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.89% +0.86% -6.07% -13.44% -27.69% -21.79% -0.58% -40.47% -55.63% -48.12% +64.66%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (1 ratings, all time) Hold
Price Targets & DCF
Current price
13.18
DCF (Unlevered) 13.95 +5.8%
DCF (Levered) 3.08 -76.6%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 95% Bullish
Rating 2026-05 Change
Strong Buy 5 0
Buy 15 -1
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.14
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
2 / 5
Medium
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Gambling, Resorts & Casinos: +5.3%
    +5.1% Q4'25: +8.6% (vs Q4'23)
  • EPS growth Gambling, Resorts & Casinos: +9.4%
    -15.4% Q4'25: -6.6% (vs Q4'23)
  • FCF margin FCF growth · Gambling, Resorts & Casinos: +17.3%
    +15.8% Q4'25: +24.0% (vs Q4'23)
  • EBIT margin Gambling, Resorts & Casinos: +17.5%
    +17.5% Q4'25: +18.1% (vs Q4'23)
  • ROIC Gambling, Resorts & Casinos: +8.0%
    +18.5% Q4'25: +40.4% (vs Q4'23)
  • Share dilution Gambling, Resorts & Casinos: +0.3%
    +0.0% Q4'25: 0.0% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Gambling, Resorts & Casinos: 0.94×
    3.46× Q4'25: 1.66× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.48) × ERP
WACC = 69% × Ke + 31% × Kd (4.6%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 14.01 Current price: 13.18
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2010
actual
Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
19 Rev. Ana.
15 EPS Ana.
Dec 2027
19 Rev. Ana.
14 EPS Ana.
Dec 2028
13 Rev. Ana.
12 EPS Ana.
Dec 2029
12 Rev. Ana.
10 EPS Ana.
Revenue
4.14B
est: 541.55M (+664.9%)
4.88B
est: 636.62M (+666.7%)
6.51B
est: 849.06M (+666.9%)
8.91B
est: 1.17B (+661.6%)
9.51B
est: 1.29B (+637.9%)
6.68B
est: 6.86B (-2.5%)
6.54B
est: 6.72B (-2.6%)
7.59B
est: 7.80B (-2.7%)
8.67B
est: 8.74B (-0.9%)
8.81B
est: 8.85B (-0.5%)
1.69B
est: 1.98B (-14.8%)
2.87B
est: 2.96B (-3.1%)
1.61B
est: 1.66B (-3.4%)
6.53B
est: 920.90M (+609.5%)
7.08B
est: 7.17B (-1.2%)
7.44B
est: 7.46B (-0.2%)
8.33B
7.97B – 8.66B
+11.7% YoY
8.73B
8.34B – 9.12B
+4.7% YoY
9.12B
8.71B – 9.50B
+4.4% YoY
10.05B
9.60B – 10.47B
+10.2% YoY
EBITDA
1.11B
est: 64.62M (+1,620.1%)
1.47B
est: 133.54M (+1,002.5%)
1.79B
est: 237.56M (+652.3%)
2.81B
est: 275.52M (+921.1%)
3.15B
est: 375.95M (+737.9%)
2.08B
est: 272.47M (+661.9%)
1.97B
est: 254.81M (+672.4%)
2.47B
est: 262.90M (+837.6%)
2.94B
est: 309.13M (+850.7%)
2.99B
est: 305.39M (+879.7%)
-557.00M
est: 101.31M (-649.8%)
25.00M
est: 286.27M (-91.3%)
-427.00M
est: 324.31M (-231.7%)
2.02B
est: 116.10M (+1,640.8%)
2.15B
est: 1.48B (+44.6%)
2.05B
est: 940.34M (+117.9%)
1.05B
1.00B – 1.09B
+11.7% YoY
1.10B
1.05B – 1.15B
+4.7% YoY
1.15B
1.10B – 1.20B
+4.4% YoY
1.27B
1.21B – 1.32B
+10.2% YoY
EBIT
789.03M
est: 59.17M (+1,233.5%)
1.14B
est: 120.75M (+845.5%)
1.27B
est: 202.45M (+525.9%)
2.32B
est: 226.92M (+920.6%)
2.63B
est: 325.29M (+708.4%)
1.54B
est: 233.89M (+557.6%)
1.36B
est: 196.68M (+593.0%)
1.80B
est: 196.77M (+812.7%)
2.28B
est: 253.40M (+800.2%)
2.40B
est: 271.82M (+784.0%)
-1.22B
est: 91.28M (-1,433.3%)
-708.00M
est: 257.93M (-374.5%)
-1.18B
est: 292.20M (-502.8%)
1.25B
est: -76.96M (+1,719.0%)
1.39B
est: -619.47M (+324.7%)
1.30B
est: -623.33M (+308.4%)
-696.55M
-723.34M – -666.03M
-11.7% YoY
-729.43M
-762.57M – -696.88M
-4.7% YoY
-761.78M
-793.81M – -728.09M
-4.4% YoY
-839.51M
-874.80M – -802.38M
-10.2% YoY
Net Income
666.45M
est: 34.77M (+1,816.5%)
1.13B
est: 102.44M (+1,006.1%)
1.24B
est: 194.37M (+535.8%)
2.21B
est: 219.17M (+910.6%)
2.55B
est: 314.61M (+709.8%)
1.46B
est: 228.64M (+538.3%)
1.22B
est: 189.00M (+547.6%)
1.60B
est: 178.28M (+799.2%)
1.88B
est: 229.10M (+718.4%)
2.03B
est: 245.86M (+726.9%)
-1.52B
est: 81.57M (-1,967.1%)
-1.05B
est: 230.49M (-554.7%)
-1.58B
est: -82.55M (-1,816.4%)
692.00M
est: 1.06B (-34.5%)
1.05B
est: 972.22M (+7.5%)
896.00M
est: 1.05B (-14.6%)
1.21B
1.06B – 1.36B
+15.6% YoY
1.42B
1.13B – 1.70B
+16.7% YoY
1.49B
1.28B – 1.70B
+5.2% YoY
2.03B
1.92B – 2.14B
+36.5% YoY
SGA
406.91M
est: 90.94M (+347.5%)
613.39M
est: 33.66M (+1,722.4%)
81.74M
est: 110.23M (-25.8%)
118.41M
est: 93.31M (+26.9%)
171.85M
est: 89.25M (+92.6%)
121.00M
est: 53.48M (+126.3%)
107.00M
est: 50.39M (+112.4%)
118.00M
est: 49.08M (+140.4%)
139.00M
est: 33.30M (+317.4%)
131.00M
est: 31.60M (+314.5%)
29.00M
est: 9.87M (+193.8%)
44.00M
est: 27.89M (+57.8%)
26.00M
est: 31.60M (-17.7%)
76.00M
est: 15.19M (+400.3%)
133.00M
est: 122.28M (+8.8%)
153.00M
est: 123.04M (+24.3%)
137.50M
131.47M – 142.79M
+11.7% YoY
143.99M
137.56M – 150.53M
+4.7% YoY
150.37M
143.72M – 156.69M
+4.4% YoY
165.72M
158.39M – 172.68M
+10.2% YoY
EPS
0.08
est: 0.01 (+731.3%)
0.14
est: 0.02 (+676.4%)
0.15
est: 0.02 (+658.1%)
0.27
est: 0.04 (+642.1%)
0.32
est: 0.04 (+658.3%)
0.18
est: 0.18 (-0.7%)
0.15
est: 0.17 (-9.7%)
0.20
est: 0.19 (+3.2%)
0.23
est: 0.26 (-10.4%)
0.25
est: 0.26 (-2.2%)
-0.19
est: -0.17 (-10.3%)
-0.13
est: -0.11 (-21.5%)
-0.20
est: -0.19 (-3.8%)
0.09
est: 0.13 (-34.6%)
0.13
est: 0.12 (+8.1%)
0.11
est: 0.12 (-10.3%)
0.14
0.13 – 0.17
+16.3% YoY
0.17
0.14 – 0.21
+16.6% YoY
0.18
0.16 – 0.21
+9.6% YoY
0.25
0.24 – 0.26
+37.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B 3/5 2/5 5/5 5/5 1/5 2/5 1/5
2026-05-28 B 3/5 2/5 5/5 5/5 1/5 2/5 1/5
2026-05-27 B 3/5 2/5 5/5 5/5 1/5 2/5 1/5
2026-05-26 B 3/5 2/5 5/5 5/5 1/5 2/5 1/5
2026-05-22 B 3/5 2/5 5/5 5/5 1/5 2/5 1/5
2026-05-21 B 3/5 2/5 5/5 5/5 1/5 2/5 1/5
2026-05-20 B 3/5 2/5 5/5 5/5 1/5 2/5 1/5
2026-05-19 B 3/5 2/5 5/5 5/5 1/5 2/5 1/5
2026-05-18 B 3/5 2/5 5/5 5/5 1/5 2/5 1/5
2026-05-15 B 3/5 2/5 5/5 5/5 1/5 2/5 1/5
2026-05-14 B 3/5 2/5 5/5 5/5 1/5 2/5 1/5
2026-05-13 B 3/5 2/5 5/5 5/5 1/5 2/5 1/5
2026-05-12 B 3/5 2/5 5/5 5/5 1/5 2/5 1/5
2026-05-11 B 3/5 2/5 5/5 5/5 1/5 3/5 1/5
2026-05-08 B 3/5 2/5 5/5 5/5 1/5 3/5 1/5
2026-05-07 B 3/5 2/5 5/5 5/5 1/5 3/5 1/5
2026-05-06 B 3/5 2/5 5/5 5/5 1/5 3/5 1/5
2026-05-05 B 3/5 2/5 5/5 5/5 1/5 3/5 1/5
2026-05-04 B 3/5 2/5 5/5 5/5 1/5 3/5 1/5
2026-04-30 B 3/5 2/5 5/5 5/5 1/5 3/5 1/5
2026-04-29 B 3/5 2/5 5/5 5/5 1/5 3/5 1/5
2026-04-28 B 3/5 2/5 5/5 5/5 1/5 3/5 1/5
2026-04-27 B 3/5 2/5 5/5 5/5 1/5 3/5 1/5
2026-04-24 B 3/5 2/5 5/5 5/5 1/5 3/5 1/5
2026-04-23 B 3/5 2/5 5/5 5/5 1/5 3/5 1/5
2026-04-22 B 3/5 2/5 5/5 5/5 1/5 3/5 1/5
2026-04-21 B 3/5 2/5 5/5 5/5 1/5 3/5 1/5
2026-04-20 B 3/5 2/5 5/5 5/5 1/5 3/5 1/5
2026-04-17 B 3/5 2/5 5/5 5/5 1/5 3/5 1/5
2026-04-16 B 3/5 2/5 5/5 5/5 1/5 3/5 1/5
2026-04-15 B 3/5 2/5 5/5 5/5 1/5 3/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
15.85B
OE per share TTM
1.96
Owner's Yield
12.77%
Maintenance CapEx ratio
147.54%
Maint CapEx / Avg PPE
156.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
48.0K
Shares Outstanding
8.09B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Kwan Lock Chum President, Chief Executive Officer & Executive Director 105M male
Ying Wai Wong Executive Vice Chairman 45M
David Reese Sylvester Executive Vice President of Global Retail male
Dylan James Williams EVice President, General Counsel & Company Secretary male
Minqi Sun Chief Financial Officer & Executive Vice President male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits