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Sands China Valuation Multiples
Discover revenue and EBITDA valuation multiples for Sands China and similar public comparables like Flutter Entertainment, H World Group, Galaxy Enter Group, Hyatt and more.
Sands China Overview
About Sands China
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 23.5% market share in the Macao gaming sector in terms of gross gaming revenue as of 2025. Las Vegas Sands has a 74.8% stake in Sands China.
Founded
2009
HQ
Employees
27.1K
Website
Financials (LTM)
EV
$24B
Sands China Financials
Sands China reported last 12-month revenue of $8B and EBITDA of $2B.
In the same LTM period, Sands China generated $4B in gross profit, $2B in EBITDA, and $993M in net income.
Revenue (LTM)
Sands China P&L
In the most recent fiscal year, Sands China reported revenue of $7B and EBITDA of $2B.
Sands China expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $8B | XXX | $7B | XXX | XXX | XXX |
| Gross Profit | $4B | XXX | $4B | XXX | XXX | XXX |
| Gross Margin | 57% | XXX | 58% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 29% | XXX | 29% | XXX | XXX | XXX |
| EBIT Margin | 18% | XXX | 17% | XXX | XXX | XXX |
| Net Profit | $993M | XXX | $896M | XXX | XXX | XXX |
| Net Margin | 13% | XXX | 12% | XXX | XXX | XXX |
| Net Debt | — | — | $5B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Sands China Stock Performance
Sands China has current market cap of $18B, and enterprise value of $24B.
Market Cap Evolution
Sands China's stock price is $2.24.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $24B | $18B | 0.0% | XXX | XXX | XXX | $0.11 |
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Start Free TrialSands China Valuation Multiples
Sands China trades at 3.1x EV/Revenue multiple, and 10.5x EV/EBITDA.
EV / Revenue (LTM)
Sands China Financial Valuation Multiples
As of April 20, 2026, Sands China has market cap of $18B and EV of $24B.
Equity research analysts estimate Sands China's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Sands China has a P/E ratio of 18.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $18B | XXX | $18B | XXX | XXX | XXX |
| EV (current) | $24B | XXX | $24B | XXX | XXX | XXX |
| EV/Revenue | 3.1x | XXX | 3.2x | XXX | XXX | XXX |
| EV/EBITDA | 10.5x | XXX | 10.9x | XXX | XXX | XXX |
| EV/EBIT | 17.5x | XXX | 18.4x | XXX | XXX | XXX |
| EV/Gross Profit | 5.5x | XXX | 5.5x | XXX | XXX | XXX |
| P/E | 18.3x | XXX | 20.3x | XXX | XXX | XXX |
| EV/FCF | 14.7x | XXX | 14.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Sands China Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Sands China Margins & Growth Rates
Sands China's revenue in the last 12 month grew by 8%.
Sands China's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Sands China's rule of 40 is 39% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Sands China's rule of X is 54% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Sands China Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Margin | 29% | XXX | 29% | XXX | XXX | XXX |
| EBITDA Growth | 10% | XXX | 11% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 39% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 54% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 29% | XXX | 30% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 10% | XXX | 10% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 41% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Sands China Public Comps
See public comps and valuation multiples for other Accommodation and Casinos & Gambling comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Sands China | XXX | XXX | XXX | XXX | XXX | XXX |
| Flutter Entertainment | XXX | XXX | XXX | XXX | XXX | XXX |
| H World Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Galaxy Enter Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Hyatt | XXX | XXX | XXX | XXX | XXX | XXX |
| IHG Hotels & Resorts | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Sands China M&A Activity
Sands China acquired XXX companies to date.
Last acquisition by Sands China was on XXXXXXXX, XXXXX. Sands China acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Sands China
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialSands China Investment Activity
Sands China invested in XXX companies to date.
Sands China made its latest investment on XXXXXXXX, XXXXX. Sands China invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Sands China
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Sands China
| When was Sands China founded? | Sands China was founded in 2009. |
| Where is Sands China headquartered? | Sands China is headquartered in Macau. |
| How many employees does Sands China have? | As of today, Sands China has over 27K employees. |
| Who is the CEO of Sands China? | Sands China's CEO is Kwan Lock Grant Chum. |
| Is Sands China publicly listed? | Yes, Sands China is a public company listed on HKEX. |
| 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? | Sands China main competitors are Flutter Entertainment, H World Group, Galaxy Enter Group, Hyatt. |
| What is the current market cap of Sands China? | Sands China's current market cap is $18B. |
| What is the current revenue of Sands China? | Sands China's last 12 months revenue is $8B. |
| What is the current revenue growth of Sands China? | Sands China revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of Sands China? | Current revenue multiple of Sands China is 3.1x. |
| Is Sands China profitable? | Yes, Sands China is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Sands China? | Sands China's last 12 months EBITDA is $2B. |
| What is Sands China's EBITDA margin? | Sands China's last 12 months EBITDA margin is 29%. |
| What is the current EV/EBITDA multiple of Sands China? | Current EBITDA multiple of Sands China is 10.5x. |
| What is the current FCF of Sands China? | Sands China's last 12 months FCF is $2B. |
| What is Sands China's FCF margin? | Sands China's last 12 months FCF margin is 21%. |
| What is the current EV/FCF multiple of Sands China? | Current FCF multiple of Sands China is 14.7x. |
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