Sands ChinaFRA:599 85 Net Margin % is 12.22% as of Dec. 2025, which is 9% below its 10-year median of 13.40. GuruFocus rates FRA:599 with a GF Score™ of 85/100 and a GF Value™ of €23.44. The stock has 4 warning signs investors should review. Among 847 Travel & Leisure companies, Sands China ranks better than 73.08% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Sands China's Net Income for the
six
months ended in Dec. 2025 was €412 Mil. Sands China's Revenue for the
six
months ended in Dec. 2025 was €3,374 Mil. Therefore, Sands China's net margin for the quarter that ended in Dec. 2025 was 12.22%.
The historical rank and industry rank for Sands China's Net Margin % or its related term are showing as below:
FRA:599'
s Net Margin % Range Over the Past 10 Years
Min: -98.57 Med: 13.4 Max: 23.08
Current: 12.04
FRA:599's Net Margin % is ranked better than 73.08% of 847
companies
in the Travel & Leisure industry
Industry Median: 4.74
vs FRA:599: 12.04
Sands China (FRA:599) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Sands China Net Margin % Related Terms
Sands China Net Margin % Historical Data
* Premium members only.
The historical data trend for Sands China's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:599 vs LVS, MGM, WYNN: Net Margin % Comparison
For the Resorts & Casinos subindustry, Sands China's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Sands China Net Margin % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Sands China's Net Margin % distribution charts can be found below:
* The bar in red indicates where Sands China's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Sands China (FRA:599) has a Net Margin % of 12.22% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Sands China and its competitors. This is near median its historical median of 13.40. According to the industry distribution chart, Sands China ranks #228 out of 847 companies in the Travel & Leisure industry, placing it in the top 26.9%.
Is Sands China's Net Margin % too high?
Sands China's current Net Margin % of 12.22% is near median its 10-year median of 13.40. The Travel & Leisure industry median Net Margin % is 4.74. Sands China's value of 12.22% is 157.8% above this industry median. Based on the distribution chart, Sands China ranks #228 out of 847 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Sands China has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Sands China's Net Margin % compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Sands China ranks #228 out of 847 companies for Net Margin %. This puts Sands China in the upper half of its industry. The industry median Net Margin % is 4.74. Sands China's value of 12.22% is 157.8% above this benchmark. While the company's 10-year median is 13.40 vs. the industry median of 4.74, Sands China has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Travel & Leisure company?
The median Net Margin % among Travel & Leisure companies is 4.74, based on 847 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sands China's current Net Margin % of 12.22% is 157.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Sands China and its competitors. For the Travel & Leisure industry, the median Net Margin % is 4.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sands China's current Net Margin % is 12.22%, which is near median its own 10-year median of 13.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sands China stock overvalued right now?
Sands China (FRA:599) has a current Net Margin % of 12.22%. The stock's GF Value™ is €23.44, compared to a current price of €13.90 — trading 40.7% below its estimated fair value. The current Net Margin % is 12.22%, which is near median its 10-year median of 13.40 and 157.8% above the Travel & Leisure industry median of 4.74. Sands China's overall GF Score™ is 85/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Sands China (FRA:599), the current Net Margin % is 12.22% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Sands China (FRA:599) Overvalued in 2026?
Based on GuruFocus' analysis, Sands China stock appears to be undervalued.
The current stock price of €13.90 is trading 40.7% below its estimated GF Value™ of €23.44.
Key valuation signals for FRA:599:
Net Margin %: 12.22% (near median its 10-year median of 13.40)
GF Value™: €23.44 vs. price of €13.90 (40.7% below fair value)
Industry Position: 157.8% above the Travel & Leisure median (#228 of 847)
No single metric tells the full story. See the FRA:599 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sands China operates integrated resorts and casinos in Macao. Its properties include Sands Macao, the Venetian Macao, the Plaza Macao, the Londoner, and the Parisian Macao. It has about 23.5% market share in the Macao gaming sector in terms of gross gaming revenue as of 2025. Las Vegas Sands has a 74.8% stake in Sands China.
85GF Score
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