Sands China Future Growth

Future criteria checks 5/6

Sands China is forecast to grow earnings and revenue by 20.1% and 9.1% per annum respectively. EPS is expected to grow by 20% per annum. Return on equity is forecast to be 73.2% in 3 years.

Key information

20.1%

Earnings growth rate

20.0%

EPS growth rate

Hospitality earnings growth	28.7%
Revenue growth rate	9.1%
Future return on equity	73.2%
Analyst coverage	Good
Last updated	23 Aug 2024

Recent future growth updates

Recent updates

Are Sands China's (HKG:1928) Statutory Earnings A Good Guide To Its Underlying Profitability?

Dec 18

What Does Sands China Ltd.'s (HKG:1928) Share Price Indicate?

Dec 05

Are Investors Undervaluing Sands China Ltd. (HKG:1928) By 24%?

Nov 22

Earnings and Revenue Growth Forecasts

SEHK:1928 - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	8,899	1,778	2,473	2,934	15
12/31/2025	8,253	1,526	2,097	2,713	20
12/31/2024	7,219	958	1,442	2,209	16
6/30/2024	7,190	1,058	1,930	2,284	N/A
3/31/2024	6,862	875	2,004	2,289	N/A
12/31/2023	6,534	692	2,078	2,293	N/A
9/30/2023	5,060	23	1,390	1,574	N/A
6/30/2023	3,585	-647	702	854	N/A
3/31/2023	2,595	-1,114	3	191	N/A
12/31/2022	1,605	-1,582	-696	-473	N/A
9/30/2022	1,887	-1,504	-675	-368	N/A
6/30/2022	2,169	-1,427	-654	-264	N/A
3/31/2022	2,522	-1,237	-573	-88	N/A
12/31/2021	2,874	-1,048	-492	88	N/A
9/30/2021	2,667	-1,118	-695	-6	N/A
6/30/2021	2,459	-1,188	-898	-101	N/A
3/31/2021	2,073	-1,355	-1,372	-458	N/A
12/31/2020	1,687	-1,523	-1,846	-816	N/A
9/30/2020	3,438	-636	-1,125	-67	N/A
6/30/2020	5,188	250	-405	682	N/A
3/31/2020	6,998	1,142	835	1,747	N/A
12/31/2019	8,808	2,033	2,074	2,812	N/A
9/30/2019	8,838	1,998	2,202	2,834	N/A
6/30/2019	8,868	1,963	2,329	2,855	N/A
3/31/2019	8,767	1,919	2,431	2,952	N/A
12/31/2018	8,665	1,875	2,533	3,049	N/A
9/30/2018	8,429	1,949	N/A	N/A	N/A
6/30/2018	8,216	1,904	2,566	3,002	N/A
3/31/2018	7,846	1,744	N/A	N/A	N/A
12/31/2017	7,586	1,603	N/A	2,626	N/A
9/30/2017	7,467	1,429	N/A	N/A	N/A
6/30/2017	7,194	1,351	N/A	2,567	N/A
3/31/2017	6,904	1,260	N/A	N/A	N/A
12/31/2016	6,543	1,224	N/A	2,346	N/A
9/30/2016	6,462	1,256	N/A	N/A	N/A
6/30/2016	6,397	1,276	N/A	2,149	N/A
3/31/2016	6,683	1,428	N/A	N/A	N/A
12/31/2015	6,683	1,459	N/A	1,967	N/A
9/30/2015	7,276	1,613	N/A	N/A	N/A
6/30/2015	7,947	1,912	N/A	2,454	N/A
3/31/2015	8,559	2,141	N/A	N/A	N/A
12/31/2014	9,505	2,548	N/A	3,224	N/A
9/30/2014	9,908	2,669	N/A	N/A	N/A
6/30/2014	9,913	2,645	N/A	3,388	N/A
3/31/2014	9,606	2,513	N/A	N/A	N/A
12/31/2013	8,908	2,215	N/A	3,079	N/A
9/30/2013	8,357	2,027	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1928's forecast earnings growth (20.1% per year) is above the savings rate (2.3%).

Earnings vs Market: 1928's earnings (20.1% per year) are forecast to grow faster than the Hong Kong market (10.9% per year).

High Growth Earnings: 1928's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 1928's revenue (9.1% per year) is forecast to grow faster than the Hong Kong market (7.4% per year).

High Growth Revenue: 1928's revenue (9.1% per year) is forecast to grow slower 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 (73.2%).

Sands China Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 26%

Consensus revenue estimates fall by 14%

Consensus EPS estimates fall by 13%

Consensus EPS estimates fall by 15%

Consensus EPS estimates fall by 13%

Consensus EPS estimates fall by 10%

Recent updates

First half 2024 earnings released: EPS: US$0.067 (vs US$0.022 in 1H 2023)

Sands China Ltd. to Report First Half, 2024 Results on Aug 16, 2024

Consensus EPS estimates fall by 26%

Sands China (HKG:1928) Will Be Hoping To Turn Its Returns On Capital Around

Is Sands China Ltd. (HKG:1928) Potentially Undervalued?

Investor Optimism Abounds Sands China Ltd. (HKG:1928) But Growth Is Lacking

Investor sentiment deteriorates as stock falls 16%

Here's What's Concerning About Sands China's (HKG:1928) Returns On Capital

Sands China's (HKG:1928) Performance Is Even Better Than Its Earnings Suggest

Full year 2023 earnings: EPS and revenues miss analyst expectations

Sands China Ltd., Annual General Meeting, May 17, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

Sands China Ltd. to Report Fiscal Year 2023 Results on Feb 16, 2024

Sands China Ltd. Announces Executive Changes

First half 2023 earnings released: EPS: US$0.022 (vs US$0.094 loss in 1H 2022)

Sands China Ltd. to Report First Half, 2023 Results on Aug 11, 2023

Now 22% undervalued

Full year 2022 earnings: EPS in line with expectations, revenues disappoint

Full year 2022 earnings: EPS in line with expectations, revenues disappoint

Sands China Ltd. to Report Fiscal Year 2022 Results on Feb 17, 2023

Now 24% undervalued

Insufficient new directors

Consensus revenue estimates fall by 14%

Consensus EPS estimates fall by 13%

First half 2022 earnings released

Sands China Ltd. to Report First Half, 2022 Results on Aug 12, 2022

Consensus EPS estimates fall by 15%

Consensus EPS estimates fall by 13%

Consensus EPS estimates fall by 10%

Consensus EPS estimates fall by 608%

Insufficient new directors

CMC Magnetics Corporation (TWSE:2323) acquired an unknown minority stake in Sands China Ltd for HKD 84.6 million.

Does Sands China (HKG:1928) Have A Healthy Balance Sheet?

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus EPS estimates fall by 32%

Insufficient new directors

Does Sands China (HKG:1928) Have A Healthy Balance Sheet?

First half 2021 earnings released: US$0.047 loss per share (vs US$0.089 loss in 1H 2020)

Is Sands China (HKG:1928) Using Too Much Debt?

Is Sands China Ltd. (HKG:1928) Potentially Undervalued?

Estimating The Intrinsic Value Of Sands China Ltd. (HKG:1928)

Full year 2020 earnings released: US$0.19 loss per share (vs US$0.25 profit in FY 2019)

Sands China (HKG:1928) Is Making Moderate Use Of Debt

Full year 2020 earnings released

Earnings beat expectations, revenue disappoints

Is Sands China (HKG:1928) Using Capital Effectively?

Sands China Ltd. to Report Fiscal Year 2020 Results on Feb 19, 2021

What Type Of Shareholders Make Up Sands China Ltd.'s (HKG:1928) Share Registry?

Sands China Ltd. Appoints Robert Glen Goldstein as Chief Executive Officer

Sands China's (HKG:1928) Shareholders Are Down 33% On Their Shares

Sands China Ltd. Announces Demise of Sheldon Gary Adelson, Chief Executive Officer

Sands China Ltd. Announces Executive Changes

Sands China Ltd. Announces Management Changes

Is Sands China Ltd.'s (HKG:1928) ROE Of 9.2% Impressive?

Are Sands China's (HKG:1928) Statutory Earnings A Good Guide To Its Underlying Profitability?

What Does Sands China Ltd.'s (HKG:1928) Share Price Indicate?

New 90-day high: HK$34.70

Are Investors Undervaluing Sands China Ltd. (HKG:1928) By 24%?

New 90-day low: HK$29.00

New 90-day high - HK$34.60

New 90-day high - HK$34.35

First half earnings released

First half earnings released

Sands China Ltd. to Report First Half, 2020 Results on Aug 14, 2020

Sands China Ltd.(SEHK:1928) dropped from S&P International 700

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity