Sands China Ltd
Sands China Ltd. develops, owns, and operates integrated resorts and casinos in Macao. It 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 Cotai Arena and the Londoner Arena entertainment venues, as well as Cotai Water Jet ferry for leisure and business travel… Read more
Sands China Ltd (SCHYF) - Net Assets
Latest net assets as of December 2025: $1.40 Billion USD
Based on the latest financial reports, Sands China Ltd (SCHYF) has net assets worth $1.40 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) and total liabilities ($9.17 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.40 Billion |
| % of Total Assets | 13.25% |
| Annual Growth Rate | 0.62% |
| 5-Year Change | 57.75% |
| 10-Year Change | -72.02% |
| Growth Volatility | 72.04 |
Sands China Ltd - Net Assets Trend (2008–2025)
This chart illustrates how Sands China Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sands China Ltd (2008–2025)
The table below shows the annual net assets of Sands China Ltd from 2008 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.40 Billion | +35.87% |
| 2024-12-31 | $1.03 Billion | +25875.00% |
| 2023-12-31 | $-4.00 Million | +99.43% |
| 2022-12-31 | $-700.00 Million | -178.83% |
| 2021-12-31 | $888.00 Million | -53.97% |
| 2020-12-31 | $1.93 Billion | -56.61% |
| 2019-12-31 | $4.45 Billion | +0.84% |
| 2018-12-31 | $4.41 Billion | -2.84% |
| 2017-12-31 | $4.54 Billion | -9.37% |
| 2016-12-31 | $5.01 Billion | -14.25% |
| 2015-12-31 | $5.84 Billion | -9.18% |
| 2014-12-31 | $6.43 Billion | -0.32% |
| 2013-12-31 | $6.45 Billion | +15.46% |
| 2012-12-31 | $5.59 Billion | +1.28% |
| 2011-12-31 | $5.52 Billion | +26.44% |
| 2010-12-31 | $4.36 Billion | +18.37% |
| 2009-12-31 | $3.69 Billion | +192.06% |
| 2008-12-31 | $1.26 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sands China Ltd'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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $80.99 Million | 5.78% |
| Other Components | $1.32 Billion | 94.22% |
| Total Equity | $1.40 Billion | 100.00% |
Sands China Ltd Competitors by Market Cap
The table below lists competitors of Sands China Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bharat Heavy Electricals Limited
NSE:BHEL
|
$4.24 Billion |
|
EREGLI DEM CEL FABR DL1
F:EDVA
|
$4.24 Billion |
|
Li Ning Company Limited
PINK:LNNGF
|
$4.24 Billion |
|
Magnolia Oil & Gas Corp
NYSE:MGY
|
$4.25 Billion |
|
Neoenergia S.A.
F:2Q40
|
$4.24 Billion |
|
Gecina SA
OTCGREY:GECFF
|
$4.24 Billion |
|
Rush Enterprises A Inc
NASDAQ:RUSHA
|
$4.24 Billion |
|
ELF Beauty Inc
NYSE:ELF
|
$4.24 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sands China Ltd'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 1,400,815,642, a change of 369,815,642 (35.9%).
- Net income of 897,325,442 contributed positively to equity growth.
- Other factors decreased equity by 527,509,800.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $897.33 Million | +64.06% |
| Other Changes | $-527.51 Million | -37.66% |
| Total Change | $- | 35.87% |
Book Value vs Market Value Analysis
This analysis compares Sands China Ltd'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: 12.02x
- 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 increased from 10.35x to 12.02x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $0.20 | $2.08 | x |
| 2009-12-31 | $0.57 | $2.08 | x |
| 2010-12-31 | $0.54 | $2.08 | x |
| 2011-12-31 | $0.69 | $2.08 | x |
| 2012-12-31 | $0.69 | $2.08 | x |
| 2013-12-31 | $0.80 | $2.08 | x |
| 2014-12-31 | $0.80 | $2.08 | x |
| 2015-12-31 | $0.72 | $2.08 | x |
| 2016-12-31 | $0.62 | $2.08 | x |
| 2017-12-31 | $0.56 | $2.08 | x |
| 2018-12-31 | $0.55 | $2.08 | x |
| 2019-12-31 | $0.55 | $2.08 | x |
| 2020-12-31 | $0.24 | $2.08 | x |
| 2021-12-31 | $0.11 | $2.08 | x |
| 2022-12-31 | $-0.09 | $2.08 | x |
| 2023-12-31 | $0.00 | $2.08 | x |
| 2024-12-31 | $0.13 | $2.08 | x |
| 2025-12-31 | $0.17 | $2.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sands China Ltd 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): 64.06%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.59%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 7.55x
- Recent ROE (64.06%) is above the historical average (16.28%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 13.93% | 5.76% | 0.43x | 5.56x | $49.55 Million |
| 2009 | 5.80% | 6.48% | 0.45x | 1.99x | $-154.70 Million |
| 2010 | 15.28% | 16.09% | 0.49x | 1.94x | $230.21 Million |
| 2011 | 20.54% | 23.21% | 0.48x | 1.84x | $581.47 Million |
| 2012 | 22.12% | 18.98% | 0.63x | 1.86x | $677.07 Million |
| 2013 | 34.34% | 24.86% | 0.78x | 1.78x | $1.57 Billion |
| 2014 | 39.63% | 26.80% | 0.84x | 1.76x | $1.90 Billion |
| 2015 | 24.99% | 21.84% | 0.62x | 1.84x | $875.54 Million |
| 2016 | 24.45% | 18.71% | 0.59x | 2.23x | $723.30 Million |
| 2017 | 35.32% | 21.13% | 0.71x | 2.35x | $1.15 Billion |
| 2018 | 42.53% | 21.64% | 0.72x | 2.73x | $1.43 Billion |
| 2019 | 45.73% | 23.08% | 0.73x | 2.72x | $1.59 Billion |
| 2020 | -78.95% | -90.28% | 0.16x | 5.47x | $-1.72 Billion |
| 2021 | -118.02% | -36.46% | 0.28x | 11.37x | $-1.14 Billion |
| 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 | 64.06% | 19.59% | 0.43x | 7.55x | $757.24 Million |
Industry Comparison
This section compares Sands China Ltd's net assets metrics with peer companies in the Resorts & Casinos industry.
Industry Context
- Industry: Resorts & Casinos
- Average net assets among peers: $3,859,979,137
- Average return on equity (ROE) among peers: -4.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sands China Ltd (SCHYF) | $1.40 Billion | 13.93% | 6.55x | $4.24 Billion |
| Archon Corporation (ARHN) | $24.65 Million | -30.23% | 8.66x | $138.42K |
| Bally's Corp (BALY) | $211.41 Million | 26.08% | 3.83x | $134.40 Million |
| Bloomberry Resorts Corporation (BLBRF) | $30.29 Billion | 20.05% | 1.40x | $522.71 Million |
| Blue Ridge Real Estate Company (BRRE) | $-708.73K | 0.00% | 0.00x | $8.61 Million |
| Boyd Gaming Corporation (BYD) | $1.11 Billion | 10.52% | 2.51x | $4.34 Billion |
| Banyan Tree Holdings Limited (BYNEF) | $719.75 Million | 1.87% | 1.27x | $195.40K |
| Concorde Gaming Corporation (CGAM) | $1.98 Million | -48.86% | 7.92x | $0.91 |
| Century Casinos Inc (CNTY) | $126.98 Million | -37.80% | 4.36x | $29.64 Million |
| Canterbury Park Holding Corporation (CPHC) | $49.42 Million | 5.50% | 0.32x | $39.22 Million |
| Caesars Entertainment Corporation (CZR) | $6.07 Billion | 8.83% | 2.67x | $3.95 Billion |