Sands China Ltd
F:599A
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Sands China Ltd
F:599A
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MO |
Intrinsic Value
The intrinsic value of 
Sands China Ltd (599A) under the Base Case is 1.3477 EUR per share.
Compared with the current market price of 1.2045 EUR, the stock appears
Undervalued by 11% .
The intrinsic value is calculated using the DCF method.
Do our valuations actually work? See backtest results .
Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What Sands China Does
Sands China Ltd runs large integrated resort properties in Macau. These are not just casinos; they combine gaming floors with hotel towers, restaurants, shops, meeting space, and entertainment under one roof. The company’s main customers are tourists and business travelers who come to Macau for leisure, conventions, and casino gaming.
- Headquarters
- Macao MO
- Employees
- 27 875
- IPO date
- Nov 30, 2009
Sands China has no economic moat
Guests can choose rival Macao resorts without meaningful switching losses, and Sands China’s recognized resort names have not been shown to command a lasting premium. Its scale also does not establish that it can provide comparable stays or gaming at a lower cost than rivals, leaving it to win customers through the offers it makes.
Read the full moat analysis
Earnings Waterfall
Sands China Ltd
The intrinsic value for Sands China Ltd (599A) under the Base Case is 1.3477 EUR.
Compared with the current market price of 1.2045 EUR, the stock appears Undervalued by 11% .