Sands China (1928.HK) Stock Price

Sands China Price

🇲🇴HKEX·CLOSED
2.26USD
Market closed
Today +/-
+0.04 USD
Today %
+1.60 %

Sands China (1928.HK) — ISIN KYG7800X1079. The Sands China stock price was 2.26 USD in 2026. Revenue was 8.32 B USD. Earnings were 1.37 B USD. P/E ratio was 13.41. Sands China operates in the Cyclical consumption sector.

Sands China stock price

Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Sands China over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Sands China stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Sands China's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Sands China Stock Price History
DateSands China Price
3/6/20262.26 USD
3/5/20262.23 USD
2/26/20262.26 USD
2/25/20262.29 USD
2/24/20262.31 USD
2/23/20262.40 USD
2/20/20262.37 USD
2/16/20262.42 USD
2/13/20262.36 USD
2/12/20262.37 USD
2/11/20262.37 USD
2/10/20262.34 USD

Sands China Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2006
1.28 B USD
378.3 M USD
375.8 M USD
Jan 1, 2007
1.97 B USD
243.9 M USD
196.1 M USD
Jan 1, 2008
3.05 B USD
266.5 M USD
175.7 M USD
Jan 1, 2009
3.3 B USD
378.5 M USD
213.8 M USD
Jan 1, 2010
4.14 B USD
840.6 M USD
666.5 M USD
Jan 1, 2011
4.88 B USD
1.21 B USD
1.13 B USD
Jan 1, 2012
6.51 B USD
1.42 B USD
1.24 B USD
Jan 1, 2013
8.91 B USD
2.32 B USD
2.21 B USD
Jan 1, 2014
9.51 B USD
2.63 B USD
2.55 B USD
Jan 1, 2015
6.82 B USD
1.54 B USD
1.46 B USD
Jan 1, 2016
6.65 B USD
1.36 B USD
1.22 B USD
Jan 1, 2017
7.59 B USD
1.8 B USD
1.6 B USD
Jan 1, 2018
8.67 B USD
2.28 B USD
1.88 B USD
Jan 1, 2019
8.81 B USD
2.32 B USD
2.03 B USD
Jan 1, 2020
1.69 B USD
-1.18 B USD
-1.52 B USD

Sands China Income Statement, Balance Sheet, Cash Flow Statement

Last updated Mar 12, 2026, 2:24 AM
 
REVENUE (B USD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B USD)
NET INCOME (B USD)
NET INCOME GROWTH (%)
SHARES (B)
DOCUMENTS
20062007200820092010201120122013201420152016201720182019202020212022202320242025e2026e2027e2028e2029e2030e2031e
1.281.973.053.34.144.886.518.919.516.826.657.598.678.811.692.871.616.537.087.618.328.769.2710.210.7611.24
53.4755.298.1225.4817.8233.4236.806.71-28.25-2.4514.0214.221.65-80.8570.36-44.15307.108.367.469.405.195.8310.125.414.54
41.3036.0136.3640.1144.7145.8638.4641.4241.9539.3138.6939.3840.2840.92-12.3318.82-11.2138.8739.8237.0533.8732.2030.4327.6326.2125.07
0.530.711.111.321.852.242.53.693.992.682.572.993.493.6-0.210.54-0.182.542.822.822.822.822.822.822.822.82
0.380.20.180.210.671.131.242.212.551.461.221.61.882.03-1.52-1.05-1.580.691.051.061.371.552.152.062.392.72
-47.73-10.7121.71212.6870.129.0079.2715.04-42.72-16.1130.9616.978.43-174.91-31.1950.95-143.7451.011.7228.4113.2638.81-3.8716.0413.78
8.058.058.058.058.058.058.068.078.078.078.078.088.098.098.098.098.098.098.098.098.098.098.098.098.098.09
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Sands China generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Sands China retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Sands China's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Sands China has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Sands China's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

 
ASSETS
CASH BALANCE (B USD)
RECEIVABLES (M USD)
OTHER REC. (M USD)
INVENTORIES (M USD)
OTHER CURRENT LIAB. (M USD)
CURRENT ASSETS (B USD)
TANGIBLE ASSETS (B USD)
LONG-T. INVEST. (B USD)
LONG-T. REC. (M USD)
INTANGIBLE ASSETS (M USD)
GOODWILL (M USD)
OTHER NON-CURRENT ASSETS (M USD)
NON-CURRENT ASSETS (B USD)
TOTAL ASSETS (B USD)
LIABILITIES
COMMON STOCK (M USD)
ADDITIONAL PAID-IN CAPITAL (B USD)
RETAINED EARNINGS (B USD)
OTHER EQUITY (M USD)
UNREAL. GAINS/LOSSES (M USD)
EQUITY (B USD)
LIABILITIES (B USD)
PROVISIONS (M USD)
OTHER SHORT-TERM LIAB. (M USD)
SHORT-TERM DEBTS (M USD)
LONG-TERM DEBT PORTION (B USD)
SHORT-TERM REC. (B USD)
LONG-T. LIAB. (B USD)
DEFERRED TAXES (M USD)
OTHER LIAB. (M USD)
LONG-T. LIABILITIES (B USD)
DEBT (B USD)
TOTAL CAPITAL (B USD)
2006200720082009201020112012201320142015201620172018201920202021202220232024
                   
0.280.440.420.911.042.491.952.942.541.281.281.242.682.470.860.680.791.361.97
644199253254516734764577.64451.3129723736740012011681222175
717454211514151612.153.855126056111312814
281110910151313.9111.9141514161515192628
238821593915930404655.9350.6360556310475709656698
0.530.750.841.231.483.062.753.783.191.81.661.563.183.051.080.891.871.682.29
2.023.85.515.315.56.256.666.726.917.598.117.698.138.368.838.487.97.347.69
00.290.340.680.760.750.910.891.141.281.321.310.630.590.540.640.60.570.53
042832210121521.3321.61192337231824243436
3646413532162020.7127.8735344648413831476438
0000000000000000000
234561244967636363354.4254.93363432343224137160191
2.264.166.056.1177.077.637.688.158.979.529.098.889.059.479.28.78.588.88
2.794.916.897.348.4710.1310.3911.4611.3510.7711.1810.6512.0612.110.5510.0910.5610.2611.17
                   
000808080818180.6880.69818181818181818181
0002.132.132.132.152.181.41.41.411.431.461.491.51.521.521.521.52
0.851.051.231.452.133.263.34.134.884.273.422.962.812.790.35-0.7-2.28-1.58-0.53
0-324302644616175.7489.88957264854-6-17-19-38
0000000000000000000
0.851.051.253.694.365.525.596.456.435.845.014.544.414.451.930.89-0.7-01.03
0.540.911.980.820.961.181.51.721.611.431.621.541.931.871.391.070.911.31.34
0000000000000000000
000042225.645.466555505712
0000000000000000000
00.010.040.090.390.080.050.210.010.010.030.050.010.020.020.021.960.021.64
0.540.922.030.911.351.261.551.931.621.441.651.61.941.91.411.092.871.372.99
1.392.943.62.732.753.333.213.023.193.384.354.365.555.597.047.958.228.316.52
0000000026.531.85476250455654453736
0713131521366077.5781.1812792104122105112128541589
1.392.943.612.752.763.353.253.083.33.494.524.515.715.767.218.118.398.897.15
1.933.865.643.654.114.614.85.024.924.936.186.117.657.658.629.2111.2610.2610.14
2.794.916.897.348.4710.1310.3911.4711.3510.7711.1810.6512.0612.110.5510.0910.5610.2611.17
Details

Balance Sheet

What Is the Balance Sheet?

The balance sheet is a financial snapshot of Sands China at a specific point in time. It follows the fundamental equation: Assets = Liabilities + Shareholders' Equity. Unlike the income statement (which covers a period), the balance sheet tells you what the company owns, what it owes, and what belongs to shareholders at a given date.

Assets

Current assets (cash, receivables, inventory) can be converted to cash within 12 months and indicate short-term liquidity. Non-current assets (property, equipment, intangible assets, goodwill) represent long-term investments. A high proportion of cash and short-term investments gives Sands China financial flexibility to weather downturns, fund acquisitions, or return capital to shareholders.

Liabilities

Current liabilities (accounts payable, short-term debt) are obligations due within one year. Non-current liabilities (long-term debt, pension obligations) are due further out. Key ratio to watch: the debt-to-equity ratio (Total Debt ÷ Shareholders' Equity). A ratio below 1.0 is generally healthy, meaning the company is funded more by equity than debt. Highly leveraged companies amplify both gains and losses.

Shareholders' Equity

Equity is the residual value belonging to shareholders after all debts are paid. It includes retained earnings (accumulated profits not paid out as dividends) and paid-in capital. Rising equity year over year is a positive sign — it means Sands China is building book value. Declining equity, especially when driven by losses or heavy share buybacks funded by debt, warrants closer scrutiny.

Key Ratios to Derive

From the balance sheet, you can calculate the current ratio (current assets ÷ current liabilities; above 1.5 is comfortable), book value per share (equity ÷ shares outstanding), and return on equity (net income ÷ equity; above 15 % is strong). Tracking these ratios over time reveals whether Sands China is strengthening or weakening its financial position.

 
NET INCOME (B USD)
DEPRECIATION (M USD)
DEFERRED TAXES (M USD)
CHANGES IN WORKING CAPITAL (M USD)
NON-CASH ITEM (M USD)
PAID INTEREST (M USD)
PAID TAXES (M USD)
NET CASH FLOW FROM OPERATING ACTIVITIES (B USD)
CAPITAL EXPENDITURES (M USD)
CASH FLOW FROM INVESTING ACTIVITIES (M USD)
CASH FLOW FROM OTHER INVESTING ACTIVITIES (M USD)
INTEREST INCOME AND EXPENSES (M USD)
NET DEBT CHANGE (B USD)
NET CHANGE IN EQUITY (B USD)
CASH FLOW FROM FINANCING ACTIVITIES (B USD)
CASH FLOW FROM OTHER FINANCING ACTIVITIES (M USD)
TOTAL DIVIDENDS PAID (M USD)
NET CHANGE IN CASH FLOW (B USD)
FREE CASH FLOW (M USD)
SHARE-BASED COMPENSATION (M USD)
2006200720082009201020112012201320142015201620172018201920202021202220232024
0.380.20.180.210.671.141.242.222.561.471.271.631.872.030000.741.01
35113279333313272354499523535611676655706684733750809754
0000000000000000000
61-95-340-96133-1774618720-15332512074-269-354-172-82227-74
965155261255155274175123115142205452356376582482552421
741811921451471618862566294128128274209378367437398
00000321256666557011
0.480.270.260.71.361.381.93.083.221.972.352.633.052.81-0.820.09-0.472.292.07
-1,157-1,736-1,997-387-347-784-1,001-609-726-1,123-1,051-432-516-738-1,030-580-223-215-862
-1,595-1,454-1,918-272-1,0983-986-597-917-1,252-1,149-461-513-715-1,024-634-325-180-810
-43828179115-7517871512-190-128-98-293236-54-1023552
0000000000000000000
1.251.550.69-0.240.080.31-0.19-0.05-00.171-0.021.15-0.011.480.892.19-1.96-0.19
0001.7000.010.020.0100.010.010.020.030.010.01000
1.241.351.640.06-0.130.07-1.47-1.48-2.71-1.97-1.2-2.21-1.1-2.310.230.371.82-2.45-0.66
-12-204945-1,397-209-247-90-70-118-74-126-128-218-276-229-536-369-497-470
000000-1,201-1,381-2,600-2,070-2,070-2,067-2,052-2,051-1,0300000
0.120.16-0.020.490.131.45-0.541-0.41-1.250-0.051.44-0.21-1.61-0.181.02-0.340.61
-679.4-1,466.6-1,741.7316.71,015.4591.6899.22,468.82,497.36843.891,2952,1942,5332,074-1,846-492-6962,0781,210
0000000000000000000

Sands China Stock Quarterly Figures

 
REVENUE (B USD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B USD)
NET INCOME (B USD)
NET INCOME GROWTH (%)
SHARES (B)
2009 Q32009 Q42010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q32012 Q42013 Q12013 Q22013 Q32013 Q42014 Q12014 Q22014 Q32014 Q42015 Q12015 Q22015 Q32015 Q42016 Q12016 Q22016 Q32016 Q42017 Q12017 Q22017 Q32017 Q42018 Q22018 Q42019 Q22019 Q42020 Q22020 Q42021 Q22021 Q42022 Q22022 Q32022 Q42023 Q12023 Q22023 Q42024 Q22024 Q42025 Q22025 Q3e2025 Q4e2026 Q1e
0.850.950.941.041.081.091.161.211.191.331.451.481.631.962.012.062.322.512.712.372.322.111.761.761.651.651.621.471.711.851.871.831.921.964.274.44.474.340.850.841.621.250.920.350.691.452.93.643.553.533.492.012.082.06
12.77-1.059.753.860.846.454.33-0.9110.979.062.0810.3720.522.292.7412.718.137.68-12.45-2.11-9.01-16.64-0.11-6.200.36-1.93-9.2516.377.711.52-2.565.422.08117.163.171.55-2.86-80.46-1.0693.09-22.59-27.03-62.30100.00109.71100.0725.70-2.42-0.62-1.05-42.533.69-1.15
45.3942.3543.1144.1145.7241.6645.4545.7346.4045.8142.3541.6343.1845.3643.9045.1046.2646.6846.5645.0046.2346.4043.1543.6044.4225.5742.3642.6044.9545.3744.6944.3845.3243.3340.0940.4540.7641.08-6.255.0128.0925.447.9815.94-5.9479.2742.1846.0043.3443.5042.1873.3970.7871.61
0.380.40.410.460.490.450.530.550.550.610.610.610.70.890.880.931.081.171.261.071.070.980.760.770.730.420.690.630.770.840.840.810.870.851.711.781.821.78-0.050.040.460.320.070.06-0.041.151.221.671.541.541.471.471.471.47
0.090.070.110.140.20.220.260.280.280.310.280.160.330.470.450.490.620.660.750.620.640.530.360.390.340.370.310.240.330.350.350.330.40.520.980.91.070.97-0.72-0.81-0.38-0.67-0.76-0.41-0.820.090.180.520.540.50.410.330.330.33
-19.7759.4227.2742.148.5421.305.731.4411.03-10.58-42.65105.0042.38-3.007.5126.905.9914.66-17.714.05-16.95-32.778.36-11.576.10-14.52-24.0437.137.080.29-5.7322.4929.5387.55-8.4819.08-9.47-174.1212.71-52.7975.0713.94-45.92100.00-110.58101.15195.434.64-6.84-18.06-20.10
8.058.148.078.038.068.068.058.058.058.088.058.068.068.078.078.068.078.078.078.088.088.078.078.078.068.268.088.068.078.068.088.088.068.098.088.098.098.098.098.098.098.098.098.098.098.098.098.098.098.098.098.098.098.09
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Sands China generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Sands China retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Sands China's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Sands China has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Sands China's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Sands China stock margins

The Sands China margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Sands China. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Sands China.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2006
41.35 %
29.53 %
29.33 %
Jan 1, 2007
36.01 %
12.4 %
9.97 %
Jan 1, 2008
36.35 %
8.73 %
5.75 %
Jan 1, 2009
40.11 %
11.47 %
6.48 %
Jan 1, 2010
44.73 %
20.29 %
16.09 %
Jan 1, 2011
45.86 %
24.69 %
23.22 %
Jan 1, 2012
38.46 %
21.8 %
18.98 %
Jan 1, 2013
41.41 %
25.99 %
24.86 %
Jan 1, 2014
41.95 %
27.67 %
26.8 %
Jan 1, 2015
39.32 %
22.55 %
21.4 %
Jan 1, 2016
38.69 %
20.49 %
18.4 %
Jan 1, 2017
39.38 %
23.68 %
21.13 %
Jan 1, 2018
40.28 %
26.32 %
21.64 %
Jan 1, 2019
40.92 %
26.35 %
23.08 %
Jan 1, 2020
-12.33 %
-70.12 %
-90.28 %

Sands China Stock Sales Revenue, EBIT, Earnings per Share

The Sands China earnings per share therefore indicates how much revenue Sands China has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Sales per Share
EBIT per share
Earnings per Share
Details
Date
Sales per Share
EBIT per share
Earnings per Share
Jan 1, 2006
0.16 USD
0.05 USD
0.05 USD
Jan 1, 2007
0.24 USD
0.03 USD
0.02 USD
Jan 1, 2008
0.38 USD
0.03 USD
0.02 USD
Jan 1, 2009
0.41 USD
0.05 USD
0.03 USD
Jan 1, 2010
0.51 USD
0.1 USD
0.08 USD
Jan 1, 2011
0.61 USD
0.15 USD
0.14 USD
Jan 1, 2012
0.81 USD
0.18 USD
0.15 USD
Jan 1, 2013
1.1 USD
0.29 USD
0.27 USD
Jan 1, 2014
1.18 USD
0.33 USD
0.32 USD
Jan 1, 2015
0.85 USD
0.19 USD
0.18 USD
Jan 1, 2016
0.82 USD
0.17 USD
0.15 USD
Jan 1, 2017
0.94 USD
0.22 USD
0.2 USD
Jan 1, 2018
1.07 USD
0.28 USD
0.23 USD
Jan 1, 2019
1.09 USD
0.29 USD
0.25 USD
Jan 1, 2020
0.21 USD
-0.15 USD
-0.19 USD

Sands China business model

Sands China Ltd is a leading operator of integrated resorts and casinos in Macau. The company was founded in 2004 and is a subsidiary of Las Vegas Sands Corporation. Sands China is listed on the Hong Kong Stock Exchange and has its headquarters in Macau. The history of Sands China began with the opening of the Venetian Macao, the company's first integrated resort in Macau, in 2007. The Venetian Macao features a casino with 3,000 slot machines and 870 gaming tables, as well as a luxurious hotel, shopping, entertainment, and convention facilities. Since then, Sands China has expanded its offering of integrated resorts and casinos in Macau and currently operates a total of six resorts, including the Parisian Macao, Sands Cotai Central, and Sands Macao. Sands China aims to create a comprehensive experience for its customers by integrating various entertainment and shopping options into its resorts. The company has a variety of restaurants, shopping malls, bars, nightclubs, and concert halls in its resorts, offering guests a diverse range of options. In its VIP rooms, Sands China also offers exclusive services for its most discerning customers. Sands China's business model is focused on growth. The company plans to expand its presence in Macau through the construction of additional integrated resorts and casinos. Sands China is also heavily investing in the development of non-gaming offerings to attract tourists who are not primarily interested in gambling. The company has already integrated a number of leisure options and attractions, such as a water park and a replica of the Eiffel Tower, into its resorts. Sands China also has a strong presence in the online gaming market. The company operates an online gaming platform that offers a variety of casino games. With the rise of online gambling, Sands China plans to further expand its online presence and position itself in this growing market. Sands China is divided into different segments that focus on different aspects of the business. These include Gaming Operations, Hotel Operations, Food and Beverage Operations, Retail and Other Operations, as well as Corporate and Other. Each segment deals with a specific area of the business and has specific goals and outcomes. Sands China's Gaming Operations include casino operations and related services. The company operates some of the largest casinos in Macau and offers a variety of games, including baccarat, blackjack, and roulette. Sands China's Hotel Operations include the operation of luxury hotels in its resorts. The company offers a variety of rooms and suites with different amenities and prices. Some of Sands China's hotels are also equipped with spas and wellness areas. Sands China's Food and Beverage Operations include the restaurants and bars in its resorts. The company offers a wide selection of food and beverages, including fine dining, international cuisine, and local specialties. Sands China's Retail and Other Operations include the shopping and other leisure facilities in its resorts. This segment focuses on providing guests with a comprehensive range of entertainment options, such as shopping, nightclubs, and concert events. Overall, Sands China offers a wide range of products and services for tourists and locals in Macau. The company aims to create a comprehensive experience for its customers while continuing to expand its business. With its strong presence in Macau and its growth strategy, Sands China holds a leading position in the market for integrated resorts and casinos in the region.

Sands China SWOT Analysis

Strengths

Sands China Ltd is one of the largest integrated resort operators in Macau, providing a wide range of high-quality amenities and entertainment options.

The company has a strong brand presence and a reputation for offering a luxurious and unforgettable experience to its customers.

Sands China Ltd benefits from its strategic location in Macau, which is a popular destination for tourists and has a thriving casino industry.

Weaknesses

Sands China Ltd heavily relies on the tourism industry, making it vulnerable to fluctuations in travel trends and economic conditions.

The company faces intense competition in the Macau market, with several other major players operating in the same space.

Sands China Ltd's operations are primarily focused in Macau, limiting its geographical diversification and potential for growth in other markets.

Opportunities

The increasing number of middle-class consumers in China presents an opportunity for Sands China Ltd to capture a larger customer base.

Expansion plans in Macau, including the development of new resorts and amenities, can help the company attract more visitors and enhance its market position.

The growing popularity of online gambling and integrated entertainment platforms offers a chance for Sands China Ltd to diversify its revenue streams.

Threats

Government regulations and policies in Macau, such as restrictions on gaming licenses, can impact the operations and profitability of Sands China Ltd.

Political uncertainties and tensions between China and other countries may affect the number of tourists visiting Macau and impact the company's revenue.

A downturn in the global economy or a decline in consumer spending could lead to a decrease in tourism and discretionary spending, directly impacting Sands China Ltd's financial performance.

Sands China Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Sands China historical P/E ratio, EBIT multiple, and P/S ratio

Details

Historical Valuation Multiples

Price-to-Earnings Ratio (P/E)

The P/E ratio divides Sands China's share price by its earnings per share. It tells you how many years of current earnings you are "paying for" when you buy the stock. A P/E of 20 means you pay $20 for every $1 of annual earnings. The S&P 500 historically trades at an average P/E of roughly 15–17. A P/E significantly above that may signal high growth expectations; one below may indicate undervaluation — or declining business quality.

Price-to-Sales Ratio (P/S)

The P/S ratio divides market capitalization by total revenue. Unlike the P/E ratio, it works even for companies that are not yet profitable, making it essential for evaluating high-growth firms. A P/S below 1.0 may indicate undervaluation, while ratios above 10 are typically reserved for fast-growing tech or SaaS companies with high expected future margins.

Price-to-EBIT Ratio

This ratio relates Sands China's market price to its operating earnings, excluding the effects of debt structure and tax jurisdiction. It is particularly useful for comparing companies across different countries or with different levels of leverage, because it focuses purely on operational profitability. Lower values suggest cheaper operational earnings.

How to Use This Chart

This chart plots Sands China's valuation multiples over time. Compare the current P/E, P/S, and P/EBIT to their own historical averages — if the current ratio is well below the multi-year average, the stock may be relatively cheap compared to its own track record. Combine this with industry comparisons: a P/E that looks high in absolute terms may be justified if Sands China grows earnings faster than its peers.

Sands China annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Sands China shares outstanding

The number of shares was Sands China in 2025 — This indicates how many shares 8.093 B is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2006
8.05 B base_Shares
Jan 1, 2007
8.05 B base_Shares
Jan 1, 2008
8.05 B base_Shares
Jan 1, 2009
8.05 B base_Shares
Jan 1, 2010
8.05 B base_Shares
Jan 1, 2011
8.05 B base_Shares
Jan 1, 2012
8.06 B base_Shares
Jan 1, 2013
8.07 B base_Shares
Jan 1, 2014
8.07 B base_Shares
Jan 1, 2015
8.07 B base_Shares
Jan 1, 2016
8.07 B base_Shares
Jan 1, 2017
8.08 B base_Shares
Jan 1, 2018
8.09 B base_Shares
Jan 1, 2019
8.09 B base_Shares
Jan 1, 2020
8.09 B base_Shares

Sands China Dividend History

10 years of dividend payments

YearAnnual DividendYoY ChangePayments
20250.5USD 49.5%
May 28, 20250.25USD 74.7%1/2
Aug 28, 20250.25USD 0.0%2/2
20200.99USD 50.3%
20191.99USD 0.0%
20181.99USD 0.0%
20171.99USD 0.0%
20161.99USD 0.0%
20151.99USD 22.1%
20141.63USD 22.6%
20131.33USD 14.7%
20121.16USD

Sands China dividend history and estimates

In 2025, Sands China paid a dividend amounting to 0.5 USD. Dividend means that Sands China distributes a portion of its profits to its owners.
  • Max

Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Invalid Date
1.16 USD
0.58 USD
0 USD
Invalid Date
1.33 USD
0.67 USD
0 USD
Invalid Date
1.63 USD
0.95 USD
0 USD
Invalid Date
1.99 USD
0.99 USD
0 USD
Invalid Date
1.99 USD
0.99 USD
0 USD
Invalid Date
1.99 USD
0.99 USD
0 USD
Invalid Date
1.99 USD
0.99 USD
0 USD
Invalid Date
1.99 USD
0.99 USD
0 USD
Invalid Date
0.99 USD
1.98 USD
0.77 USD
Jan 1, 2025
0.5 USD
0 USD
0 USD
Invalid Date
0 USD
1.43 USD
0 USD
Invalid Date
0 USD
1.62 USD
0 USD

Sands China dividend payout ratio

In 2025, Sands China had a payout ratio of 847.13%. The payout ratio indicates the percentage of the company's profits that Sands China distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2006
884.18 %
Jan 1, 2007
884.18 %
Jan 1, 2008
884.18 %
Jan 1, 2009
884.18 %
Jan 1, 2010
884.18 %
Jan 1, 2011
884.18 %
Jan 1, 2012
773.33 %
Jan 1, 2013
492.59 %
Jan 1, 2014
516.48 %
Jan 1, 2015
1,100.66 %
Jan 1, 2016
1,312.66 %
Jan 1, 2017
1,002.52 %
Jan 1, 2018
858.13 %
Jan 1, 2019
791.88 %
Jan 1, 2020
-521.05 %

Current Sands China forecasts and price targets in March 2026

Δ MOM Price Target
4.98 %
Buy90.91 % (20)
Hold9.09 % (2)
Sellnull % (0)
12M Price Target
2.98
Last Price
2.25
Currency
USD
12M Return Potential
32.66 %
LTM Return
0 %

Sands China Earnings Estimates

Sands China Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
2/17/20240.04USD2.1 BUSD2023 Q4
2/16/2023-0.04USD866.2 MUSD2022 Q4
8/11/2022-0.05USD380.79 MUSD2022 Q2
1/30/20200.07USD2.27 BUSD2019 Q4
1/25/20180.06USD2.07 BUSD2017 Q4
11/3/20170.05USD1.93 BUSD2017 Q3
8/11/20170.04USD1.84 BUSD2017 Q2
5/5/20170.05USD1.77 BUSD2017 Q1
2/17/20170.05USD2.03 BUSD2016 Q4
11/8/20160.04USD1.77 BUSD2016 Q3

EESG©

Eulerpool ESG Scorecard© for the Sands China stock

83/100
99
Environment
99
Social
52
Governance
E

Environment

20
Scope 1 - Direct Emissions127,885
Scope 2 - Indirect emissions from purchased energy253,947
Scope 3 - Indirect emissions within the value chain1,408,168
Total CO₂ emissions381,832
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees50.547
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Sands China shareholders

% Name
73.37008%
Las Vegas Sands Corp
Las Vegas Sands Corp
1.43518%
MFS Investment Management
MFS Investment Management
1.01010%
Arga Investment Management, LP
Arga Investment Management, LP
0.91238%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
0.86573%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
0.62996%
CPP Investment Board
CPP Investment Board
0.54946%
Capital Research Global Investors
Capital Research Global Investors
0.54291%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
0.47675%
Platinum Asset Management
Platinum Asset Management
0.39987%
Hang Seng Investment Management Ltd.
Hang Seng Investment Management Ltd.
...

Sands China Executives and Management Board

YW

Dr. Ying Wai Wong

(71)

Executive Vice Chairman of the Board · since 2015

Compensation8.45 M USD
KC

Mr. Kwan Lock Chum

(48)

President, Chief Executive Officer, Executive Director

Compensation7.86 M USD
YC

Ms. Yun Chiang

(56)

Independent Non-Executive Director

Compensation230,000 USD
VA

Mr. Victor Patrick Hoog Antink

(70)

Independent Non-Executive Director

Compensation230,000 USD
SS

Mr. Steven Strasser

(75)

Independent Non-Executive Director

Compensation230,000 USD

Sands China Supply Chain

Sands China Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
21 companies
#Name1M3M6M1Y2YTrend
1
0,75
0,60
0,74
0,77
0,87
2
-0,53
-0,32
-0,35
0,74
0,42
3
0,79
0,69
0,31
0,58
0,34
#Name1M3M6M1Y2YTrend
1
Tiffany & Co.
-0,52
-0,63
-0,75
2
0,83
-0,01
0,50
-0,43
-0,68
3
0,66
0,52
0,02
-0,15
-0,64
4
Hilton World
Supplier
0,44
0,03
-0,10
-0,67
-0,63
5
0,55
0,38
0,29
-0,21
-0,60

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Most common questions regarding Sands China

The business model of Sands China Ltd is focused on the operation of integrated resorts, primarily in Macao. As one of the leading developers, owners, and operators of multi-use integrated resorts and casinos, Sands China Ltd aims to provide an exceptional entertainment experience for its customers. Its business model revolves around offering a diverse range of amenities, including luxury accommodations, convention and exhibition facilities, retail offerings, and world-class entertainment options. By creating and managing integrated resorts that bring together various elements of leisure, gaming, and entertainment, Sands China Ltd strives to attract and cater to a wide range of visitors in Macao, thus driving revenue and profitability for the company.

All fundamentals about Sands China

Our stock analysis for Sands China Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Sands China Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.