SANDS CHINA ADR/1 O.N. (599) - Net Assets
Based on the latest financial reports, SANDS CHINA ADR/1 O.N. (599) has net assets worth €1.40 Billion EUR (≈ $1.64 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€10.57 Billion ≈ $12.36 Billion USD) and total liabilities (€9.17 Billion ≈ $10.72 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read 599 current and long-term liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.40 Billion |
| % of Total Assets | 13.25% |
| Annual Growth Rate | 12.07% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 107.36 |
SANDS CHINA ADR/1 O.N. - Net Assets Trend (2021–2025)
This chart illustrates how SANDS CHINA ADR/1 O.N.'s net assets have evolved over time, based on quarterly financial data. Also explore SANDS CHINA ADR/1 O.N. total assets for the complete picture of this company's asset base.
Annual Net Assets for SANDS CHINA ADR/1 O.N. (2021–2025)
The table below shows the annual net assets of SANDS CHINA ADR/1 O.N. from 2021 to 2025. For live valuation and market cap data, see market value of SANDS CHINA ADR/1 O.N..
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €1.40 Billion ≈ $1.64 Billion |
+35.89% |
| 2024-12-31 | €1.03 Billion ≈ $1.21 Billion |
+25875.00% |
| 2023-12-31 | €-4.00 Million ≈ $-4.68 Million |
+99.43% |
| 2022-12-31 | €-700.00 Million ≈ $-818.37 Million |
-178.83% |
| 2021-12-31 | €888.00 Million ≈ $1.04 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to SANDS CHINA ADR/1 O.N.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 67100000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €1.62 Billion | 115.63% |
| Total Equity | €1.40 Billion | 100.00% |
SANDS CHINA ADR/1 O.N. Competitors by Market Cap
The table below lists competitors of SANDS CHINA ADR/1 O.N. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Unibail-Rodamco-Westfield
PA:URW
|
$14.42 Billion |
|
Pinnacle Financial Partners, Inc.
NASDAQ:PNFP
|
$14.43 Billion |
|
Cemex SAB de CV ADR
F:CEXA
|
$14.44 Billion |
|
LTIMindtree Limited
NSE:LTIM
|
$14.44 Billion |
|
Regencell Bioscience Holdings Ltd
NASDAQ:RGC
|
$14.40 Billion |
|
Regency Centers Corporation
NASDAQ:REG
|
$14.40 Billion |
|
ZTO EXPRESS (CAYMAN)
F:ZTOB
|
$14.39 Billion |
|
Omv Petrom S.A
RO:SNP
|
$14.38 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SANDS CHINA ADR/1 O.N.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,031,000,000 to 1,401,000,000, a change of 370,000,000 (35.9%).
- Net income of 896,000,000 contributed positively to equity growth.
- Dividend payments of 518,000,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €896.00 Million | +63.95% |
| Dividends Paid | €518.00 Million | -36.97% |
| Other Changes | €-8.00 Million | -0.57% |
| Total Change | €- | 35.89% |
Book Value vs Market Value Analysis
This analysis compares SANDS CHINA ADR/1 O.N.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 100.52x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 158.58x to 100.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €0.11 | €17.40 | x |
| 2022-12-31 | €-0.09 | €17.40 | x |
| 2023-12-31 | €0.00 | €17.40 | x |
| 2024-12-31 | €0.13 | €17.40 | x |
| 2025-12-31 | €0.17 | €17.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SANDS CHINA ADR/1 O.N. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 63.95%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.04%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 7.55x
- Recent ROE (63.95%) is above the historical average (41.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 0.00% | -98.57% | 0.15x | 0.00x | €-1.51 Billion |
| 2023 | 0.00% | 10.59% | 0.64x | 0.00x | €692.40 Million |
| 2024 | 101.36% | 14.76% | 0.63x | 10.83x | €941.90 Million |
| 2025 | 63.95% | 12.04% | 0.70x | 7.55x | €755.90 Million |
Industry Comparison
This section compares SANDS CHINA ADR/1 O.N.'s net assets metrics with peer companies in the Resorts & Casinos industry.
Industry Context
- Industry: Resorts & Casinos
- Average net assets among peers: $-669,066,444
- Average return on equity (ROE) among peers: -84.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SANDS CHINA ADR/1 O.N. (599) | €1.40 Billion | 0.00% | 6.55x | $14.41 Billion |
| Sands China Ltd (599A) | $1.93 Billion | -78.95% | 4.47x | $15.62 Billion |
| Wynn Macau Limited (8WY) | $1.99 Billion | 254.52% | 24.31x | $3.69 Billion |
| WYNN MACAU LTD ADR/10 (8WY0) | $-15.81 Billion | 0.00% | 0.00x | $3.19 Billion |
| The Star Entertainment Group Limited (EE9) | $3.28 Billion | 8.07% | 0.53x | $403.44 Million |
| MGM China Holdings Limited (M04) | $1.20 Billion | -321.38% | 22.76x | $5.14 Billion |
| Melco Resorts & Entertainment Limited (MAS) | $112.74 Million | -650.90% | 58.45x | $1.97 Billion |
| NagaCorp Ltd (N9J) | $599.96 Million | 23.38% | 0.07x | $2.14 Billion |
| Regenbogen AG (RGB) | $8.50 Million | 7.53% | 1.86x | $13.46 Million |
| Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco (RJ8) | $680.36 Million | 1.48% | 0.49x | $2.54 Billion |
About SANDS CHINA ADR/1 O.N.
Sands China Ltd. develops, owns, and operates integrated resorts and casinos in Macao. The company owns and operates The Venetian Macao, The Londoner Macao, The Parisian Macao resort, The Plaza Macao, and The Sands Macao casino; the Cotai Expo, a convention and exhibition hall; and The Venetian and The Londoner Arena, an entertainment venues, as well as Cotai Water Jet ferry for leisure and busin… Read more