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Sands China operates integrated resorts and casinos in Macao. Its properties include Sands Macao, the Venetian Macao, the Plaza Macao, the Londoner, and the Parisian Macao. It has about 24% market share in the Macao gaming sector in terms of gross gaming revenue as of 2024. Las Vegas Sands has a 72.3% stake in Sands China.
2009
27.1K+
LTM Revenue $56.3B
LTM EBITDA $17.5B
$20.1B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Sands China has a last 12-month revenue of $56.3B and a last 12-month EBITDA of $17.5B.
In the most recent fiscal year, Sands China achieved revenue of $911M and an EBITDA of $276M.
Sands China expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Sands China valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $840M | $911M | XXX | XXX | XXX |
| Gross Profit | $134M | $507M | XXX | XXX | XXX |
| Gross Margin | 16% | 56% | XXX | XXX | XXX |
| EBITDA | $263M | $276M | XXX | XXX | XXX |
| EBITDA Margin | 31% | 30% | XXX | XXX | XXX |
| Net Profit | -$203M | $89.0M | XXX | XXX | XXX |
| Net Margin | -24% | 10% | XXX | XXX | XXX |
| Net Debt | $1.2B | $876M | XXX | XXX | XXX |
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As of April 15, 2025, Sands China's stock price is HKD 13 (or $2).
Sands China has current market cap of HKD 109B (or $14.0B), and EV of HKD 157B (or $20.1B).
See Sands China trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $20.1B | $14.0B | XXX | XXX | XXX | XXX | $0.14 |
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Sign UpAs of April 15, 2025, Sands China has market cap of $14.0B and EV of $20.1B.
Sands China's trades at 2.8x LTM EV/Revenue multiple, and 8.9x LTM EBITDA.
Analysts estimate Sands China's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Sands China and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $20.1B | XXX | XXX | XXX |
| EV/Revenue | 22.1x | XXX | XXX | XXX |
| EV/EBITDA | 73.0x | XXX | XXX | XXX |
| P/E | 103.9x | XXX | XXX | XXX |
| P/E/Growth | 0.5x | XXX | XXX | XXX |
| EV/FCF | 129.4x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpSands China's NTM/LTM revenue growth is 8%
Sands China's revenue per employee for the last fiscal year averaged $34K, while opex per employee averaged $13K for the same period.
Over next 12 months, Sands China's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Sands China's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Sands China and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 5% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 38% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $34K | XXX | XXX | XXX | XXX |
| Opex per Employee | $13K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 1% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 0% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 39% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| High Roller Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Ainsworth Game Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| Aristocrat Leisure | XXX | XXX | XXX | XXX | XXX | XXX |
| BlueBet Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| BetMakers | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Sands China acquired XXX companies to date.
Last acquisition by Sands China was XXXXXXXX, XXXXX XXXXX XXXXXX . Sands China acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Sands China founded? | Sands China was founded in 2009. |
| Where is Sands China headquartered? | Sands China is headquartered in Hong Kong. |
| How many employees does Sands China have? | As of today, Sands China has 27.1K+ employees. |
| Who is the CEO of Sands China? | Sands China's CEO is Mr. Kwan Lock Grant Chum. |
| Is Sands China publicy listed? | Yes, Sands China is a public company listed on HKG. |
| What is the stock symbol of Sands China? | Sands China trades under 01928 ticker. |
| When did Sands China go public? | Sands China went public in 2009. |
| Who are competitors of Sands China? | Similar companies to Sands China include e.g. High Roller Technologies, Ainsworth Game Technology, Aristocrat Leisure, BlueBet Holdings. |
| What is the current market cap of Sands China? | Sands China's current market cap is $14.0B |
| What is the current revenue of Sands China? | Sands China's last 12-month revenue is $56.3B. |
| What is the current EBITDA of Sands China? | Sands China's last 12-month EBITDA is $17.5B. |
| What is the current EV/Revenue multiple of Sands China? | Current revenue multiple of Sands China is 2.8x. |
| What is the current EV/EBITDA multiple of Sands China? | Current EBITDA multiple of Sands China is 8.9x. |
| What is the current revenue growth of Sands China? | Sands China revenue growth between 2023 and 2024 was 8%. |
| Is Sands China profitable? | Yes, Sands China is EBITDA-positive (as of the last 12 months). |
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