Sands China Ltd., an investment holding company, develops, owns, and operates integrated resorts and casinos in Macao.
Sands China Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$15.06|
|52 Week High||HK$14.64|
|52 Week Low||HK$40.55|
|1 Month Change||-36.59%|
|3 Month Change||-55.77%|
|1 Year Change||-54.57%|
|3 Year Change||-59.13%|
|5 Year Change||-54.91%|
|Change since IPO||61.59%|
Recent News & Updates
Is Sands China (HKG:1928) Using Too Much Debt?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Is Sands China Ltd. (HKG:1928) Potentially Undervalued?
Today we're going to take a look at the well-established Sands China Ltd. ( HKG:1928 ). The company's stock received a...
Estimating The Intrinsic Value Of Sands China Ltd. (HKG:1928)
Does the March share price for Sands China Ltd. ( HKG:1928 ) reflect what it's really worth? Today, we will estimate...
Sands China (HKG:1928) Is Making Moderate Use Of Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
|1928||HK Hospitality||HK Market|
Return vs Industry: 1928 underperformed the Hong Kong Hospitality industry which returned -34.3% over the past year.
Return vs Market: 1928 underperformed the Hong Kong Market which returned 5.2% over the past year.
Stable Share Price: 1928 is more volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: 1928's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.
About the Company
Sands China Ltd., an investment holding company, develops, owns, and operates integrated resorts and casinos in Macao. It owns and operates The Venetian Macao-Resort-Hotel, the Londoner Macao, The Parisian Macao resort, The Plaza Macao, and Sands Macao casino; the Cotai Expo, an convention and exhibition hall; and the Cotai Arena, an entertainment venue, as well as Cotai Water Jet ferry for leisure and business travelers. As of December 31, 2020, the company had 12,005 hotel rooms and suites, 150 restaurants, 2.1 million square feet of retail malls, 1.7 million square feet of MICE space, 4 permanent theatres, a 15,000-seat arena, and casinos.
Sands China Fundamentals Summary
|1928 fundamental statistics|
Is 1928 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|1928 income statement (TTM)|
|Cost of Revenue||US$1.14b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.15|
|Net Profit Margin||-48.31%|
How did 1928 perform over the long term?See historical performance and comparison
Is Sands China undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1928 (HK$15.06) is trading below our estimate of fair value (HK$50.01)
Significantly Below Fair Value: 1928 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1928 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Hospitality industry average.
PE vs Market: 1928 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 1928's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1928 is overvalued based on its PB Ratio (10x) compared to the HK Hospitality industry average (1.1x).
How is Sands China forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1928 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).
Earnings vs Market: 1928 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: 1928's is expected to become profitable in the next 3 years.
Revenue vs Market: 1928's revenue (27.2% per year) is forecast to grow faster than the Hong Kong market (12.3% per year).
High Growth Revenue: 1928's revenue (27.2% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1928's Return on Equity is forecast to be very high in 3 years time (57.2%).
How has Sands China performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1928 is currently unprofitable.
Growing Profit Margin: 1928 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 1928 is unprofitable, and losses have increased over the past 5 years at a rate of 31.4% per year.
Accelerating Growth: Unable to compare 1928's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 1928 is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (18.6%).
Return on Equity
High ROE: 1928 has a negative Return on Equity (-76.06%), as it is currently unprofitable.
How is Sands China's financial position?
Financial Position Analysis
Short Term Liabilities: 1928's short term assets ($1.1B) do not cover its short term liabilities ($1.1B).
Long Term Liabilities: 1928's short term assets ($1.1B) do not cover its long term liabilities ($7.7B).
Debt to Equity History and Analysis
Debt Level: 1928's debt to equity ratio (475.6%) is considered high.
Reducing Debt: 1928's debt to equity ratio has increased from 99.8% to 475.6% over the past 5 years.
Debt Coverage: 1928's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 1928's interest payments on its debt are well covered by EBIT.
What is Sands China current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 1928's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 1928's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 1928's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 1928's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 1928 is not paying a notable dividend for the Hong Kong market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 1928's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rob Goldstein (65 yo)
Mr. Robert Glen Goldstein, also known as Rob, serves as Treasurer of Las Vegas Sands Corp. Mr. Goldstein serves as the Chairman of Las Vegas Sands Corp. since January 26, 2021 and served as its Acting Chai...
Experienced Management: 1928's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Experienced Board: 1928's board of directors are considered experienced (6.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Sands China Ltd.'s employee growth, exchange listings and data sources
- Name: Sands China Ltd.
- Ticker: 1928
- Exchange: SEHK
- Founded: 2009
- Industry: Casinos and Gaming
- Sector: Consumer Services
- Market Cap: HK$121.883b
- Shares outstanding: 8.09b
- Website: https://www.sandschina.com
Number of Employees
- Sands China Ltd.
- The Venetian Macao-Resort-Hotel
- Executive Offices, L2
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/18 10:03|
|End of Day Share Price||2021/09/17 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.