S

SJM Holdings Ltd
HKEX:880

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SJM Holdings Ltd
HKEX:880
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Price: 2.08 HKD -0.48% Market Closed
Market Cap: HK$14.8B

EV/EBITDA

25.1
Current
26%
More Expensive
vs 3-y average of 19.9

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
25.1
=
Enterprise Value
HK$35.3B
/
EBITDA
HK$1.3B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
25.1
=
Enterprise Value
HK$35.3B
/
EBITDA
HK$1.3B

Valuation Scenarios

SJM Holdings Ltd is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (19.9), the stock would be worth HK$1.65 (21% downside from current price).

Statistics
Positive Scenarios
0/3
Maximum Downside
-62%
Maximum Upside
No Upside Scenarios
Average Downside
45%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 25.1 HK$2.08
0%
3-Year Average 19.9 HK$1.65
-21%
Industry Average 11.9 HK$0.99
-52%
Country Average 9.6 HK$0.79
-62%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
HK$35.3B
/
Jan 2026
HK$1.3B
=
25.1
Current
HK$35.3B
/
Dec 2026
HK$4.2B
=
8.4
Forward
HK$35.3B
/
Dec 2027
HK$4.7B
=
7.5
Forward
HK$35.3B
/
Dec 2028
HK$4.7B
=
7.5
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
HK
SJM Holdings Ltd
HKEX:880
14.8B HKD 25.1 -34.4
US
Las Vegas Sands Corp
NYSE:LVS
35.1B USD 10 21.6
AU
Aristocrat Leisure Ltd
ASX:ALL
29.2B AUD 14.7 17.7
HK
Galaxy Entertainment Group Ltd
HKEX:27
147.9B HKD 9.9 13.9
IE
Flutter Entertainment PLC
LSE:FLTR
13.8B GBP 10.7 -44.6
MO
Sands China Ltd
HKEX:1928
136.2B HKD 10.5 19.1
SE
Evolution AB (publ)
STO:EVO
123.7B SEK 7.6 10.9
GR
Organization of Football Prognostics SA
ATHEX:ALWN
9.6B EUR 11.4 19.9
US
DraftKings Inc
NASDAQ:DKNG
11B USD 42.2 2 962.1
US
Wynn Resorts Ltd
NASDAQ:WYNN
11B USD 11.2 33.6
ZA
Sun International Ltd
JSE:SUI
10.7B ZAR 4.6 6.6

Market Distribution

Higher than 83% of companies in Hong Kong
Percentile
83rd
Based on 1 325 companies
83rd percentile
25.1
Low
0 — 4.8
Typical Range
4.8 — 14.9
High
14.9 —
Distribution Statistics
Hong Kong
Min 0
30th Percentile 4.8
Median 9.6
70th Percentile 14.9
Max 9 749.3

SJM Holdings Ltd
Glance View

In the bustling world of Macau's vibrant casino industry, SJM Holdings Ltd. stands as a formidable force, deeply rooted in the region's economic fabric. Founded as a flagship enterprise by the legendary Stanley Ho, SJM Holdings emerged from the 1960s when the Macanese government granted a monopoly on gaming. Over the decades, this company has evolved into an emblem of luxury and entertainment, adorned with a portfolio that includes grand casinos, hotels, and integrated resorts. The crown jewel, Grand Lisboa, towers as a beacon of opulence and gambling, embodying the company’s ethos of blending heritage with modernity. SJM Holdings intricately weaves its business prowess around casino gaming operations — the livewire that electrifies its revenue stream. Table games, slot machines, and VIP rooms dictate the cadence of its financial rhythm, attracting a global clientele yearning for upscale gaming experiences. Beyond the rolling dice and shuffling cards, SJM Holdings fortifies its business through non-gaming ventures. While gaming remains core, the company's hotels, theaters, dining establishments, and retail spaces enhance the ecosystem of leisure and comfort for its patrons, creating a holistic entertainment experience. This diversification is crucial in an industry heavily dependent on tourism, especially with the evolving regulatory landscapes and market conditions in Macau. Thus, SJM Holdings tactfully navigates the confluence of hospitality and entertainment, deftly extracting value from every square foot of its sprawling properties. Such strategic integration not only attracts a diverse crowd but also helps weather the ebbs and flows of the gaming sector, ensuring sustained profitability and influence in the international gaming arena.

Intrinsic Value
5.25 HKD
Undervaluation 60%
Intrinsic Value
Price HK$2.08
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