The analyst rating for SANDS CHINA LTD was influenced by several factors outlined in the article. JPMorgan rated the stock as Overweight despite a weaker-than-expected performance in 4Q25, which was attributed to seasonal factors and non-recurring issues such as poor mass-hold and the National Games. The broker believes that the market's reaction to the stock's 10% decline over the past month is excessive, especially considering that Sands' market share is expected to grow and the annual dividend per share (DPS) is anticipated to double to HKD1, providing a dividend yield of 5.4% at the current price. Additionally, the forecast for future EBITDA was only adjusted down by about 3%, indicating a relatively stable outlook. Therefore, despite the recent challenges, the overall sentiment remains positive, leading to the Overweight rating.

Goldman Sachs

maintain

2026-01-30

Reason

Goldman Sachs

Price Target

2026-01-30

maintain

Reason

The analyst rating for SANDS CHINA LTD was maintained as a "Buy" despite a slight miss in its reported 4Q25 results. The reasons for this rating include: 1. Management's Optimism: The company's management remains relatively optimistic about the outlook for Macau's gaming industry, indicating confidence in future performance. 2. Dividends: With no major capital expenditures expected in the coming years, the company is likely to continue increasing dividends, which is a positive factor for investors. 3. Adjusted EBITDA Forecasts: Although the broker lowered its EBITDA forecasts for 2026-27 by 4-5% and reduced the target price from HKD24.2 to HKD23.2, the forecasted EBITDA margins of 31% and 31.4% for 2026 and 2027 are still close to the company's mid-term targets. Overall, the combination of management's positive outlook, the potential for increasing dividends, and the adjusted but still reasonable EBITDA forecasts contributed to the maintenance of the "Buy" rating.

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Valuation Metrics

The current forward P/E ratio for (01928.HK) is 16.74, compared to its 5-year average forward P/E of 13.04. For a more detailed relative valuation and DCF analysis to assess 's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

13.04

Current PE

16.74

Overvalued PE

105.28

Undervalued PE

-79.19

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

16.28

Current EV/EBITDA

11.02

Overvalued EV/EBITDA

47.86

Undervalued EV/EBITDA

-15.31

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

5Y Average PS

4.51

Current PS

2.68

Overvalued PS

7.55

Undervalued PS

1.46

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Frequently Asked Questions

What is (01928) stock price today?

The current price of 01928 is 17.5 USD — it has decreased -1.19

What is (01928)'s business?

What is the price predicton of 01928 Stock?

Wall Street analysts forecast 01928 stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for 01928 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is (01928)'s revenue for the last quarter?

revenue for the last quarter amounts to NaN USD, decreased

What is (01928)'s earnings per share (EPS) for the last quarter?

. EPS for the last quarter amounts to USD, decreased

How many employees does (01928). have?

(01928) has 0 emplpoyees as of March 02 2026.

What is (01928) market cap?

Today 01928 has the market capitalization of 0.00 USD.

01928 Overview