Sands China's third-quarter gross gaming revenue rose 3% year on year, outperforming the broader market and lifting market share by 1.4 percentage points. That said, adjusted EBITDA fell 12% from a year ago to USD 529 million.
Sands China is well positioned to benefit from gaming demand recovery in Macao, which will allow the company to restore its profitability meaningfully from 2024 onward.
Macao casinos face harsher license-renewal terms such as shorter license duration, a requirement of nongaming investment, and a 1% increase in gaming taxes.
|
Metric
|
01928
|
00880
|
MLCO
|
|---|---|---|---|
Price/Earnings (Normalized) | 12.66 | — | 6.25 |
Price/Book Value | 9.45 | 0.67 | 162.51 |
Price/Sales | 1.44 | 0.57 | 0.30 |
Price/Cash Flow | 6.36 | 4.90 | 1.87 |
|
Metric
|
01928
|
00880
|
MLCO
|
|---|---|---|---|
Quick Ratio | 0.54 | 0.32 | 0.97 |
Current Ratio | 0.61 | 0.46 | 1.03 |
Interest Coverage | 3.89 | 0.69 | 1.38 |
|
Metric
|
01928
|
00880
|
MLCO
|
|---|---|---|---|
Return on Assets (Normalized) | 9.19% | −1.16% | 3.26% |
Return on Equity (Normalized) | 79.09% | −4.41% | — |
Return on Invested Capital (Normalized) | 14.68% | 1.87% | 9.33% |
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1-Day Chart
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Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Las Vegas Sands Corp
LVS
| LOCK|hr#rHwh | LOCK|ykpdP | $23B | |||
| Galaxy Entertainment Group Ltd ADR
GXYYY
| — | LOCK|yV#C | $18B | |||
| Galaxy Entertainment Group Ltd
GXYEF
| — | LOCK|Y!%fP | $18B | |||
| Sands China Ltd Shs Unitary 144A/Reg S
SCHYF
| — | LOCK|Q<x<r | $11B | |||
| Sands China Ltd ADR
SCHYY
| — | LOCK|@WX? | $11B | |||
| Wynn Resorts Ltd
WYNN
| LOCK|bj%!#t | LOCK|@@<^^ | $7B | |||
| MGM Resorts International
MGM
| LOCK|V%?@Tm# | LOCK|s! | $7B | |||
| Caesars Entertainment Inc
CZR
| LOCK|!k!HzfC@ | LOCK|tv | $6B | |||
| PENN Entertainment Inc
PENN
| LOCK|fvfc<^ | LOCK|s# | $2B | |||
| Melco Resorts and Entertainment Ltd ADR
MLCO
| LOCK|Jl&M>>@ | LOCK|mP&Lr | $1B |
United States