SJM Holdings Limited

SJM Holdings Limited

1.20
HKD
+0.03
(+2.13%)
17.12BMarket Cap
Mar 10Next Earn
SJM Holdings Limited
HKEX:880
(Hong Kong Exchange)

Recent

price

1.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
HKD
6.48
8.01
8.32
9.16
8.26
4.98
4.26
2.6
2.88
3.04
0.68
0.97
0.63
1.85
2.43
2.35
- -
Revenue per Share
0.65
0.9
1.14
1.3
1.12
0.41
0.39
0.33
0.47
0.53
-0.5
-0.68
-1.23
-0.28
- -
-0.06
- -
Basic EPS, GAAP
1.36
1.36
1.72
1.42
0.42
-0.5
-0.39
-0.59
-0.39
-0.26
-1.81
-0.98
-0.83
0.3
0.32
0.09
- -
Free Cash Flow per Basic Share
0.13
0.36
0.7
0.94
0.96
0.67
0.2
0.22
0.22
0.27
0.21
- -
- -
- -
- -
- -
- -
Dividend per Share
2.26
2.92
3.36
3.95
4.1
3.86
4.1
4.21
4.56
4.8
4.05
3.36
2.25
1.96
1.96
1.9
- -
Book Value per Share
2.11
2.78
3.23
3.48
3.65
3.43
3.68
3.81
4.19
4.77
4.03
3.35
2.25
1.64
1.67
1.64
- -
Tangible Book Value per Share
5,490
5,873
5,909
5,922
5,986
6,035
6,035
6,036
6,037
6,043
6,049
6,079
6,362
7,102
7,102
7,102
7,102
Basic Weighted Avg Shares
35,563
47,021
49,165
54,226
49,438
30,044
25,730
15,684
17,406
18,344
4,139
5,890
3,998
13,137
17,241
16,723
- -
Sales/Revenue/Turnover
10.51
11.26
13.28
13.45
13.36
8.16
8.15
11.35
15.06
17.72
-79.6
-67.41
-133.64
-1.21
10.28
6.11
- -
Operating Margin (%)
1,177
1,121
1,125
1,144
1,100
1,101
1,071
1,205
1,163
1,055
1,000
1,256
1,895
1,840
1,889
2,035
- -
Depreciation Expense
3,559
5,308
6,745
7,706
6,731
2,465
2,327
1,963
2,850
3,207
-3,025
-4,144
-7,798
-2,010
3
-429
- -
Net Income, GAAP
0.5
0.65
1.1
0.68
1.29
1.54
1.44
0.61
0.93
1.53
- -
- -
- -
- -
32.93
- -
- -
Effective Tax Rate (%)
10.01
11.29
13.72
14.21
13.61
8.2
9.04
12.52
16.37
17.48
-73.09
-70.35
-195.06
-15.3
0.02
-2.57
- -
Profit Margin (%)
6,028
7,480
10,375
11,804
11,095
7,380
2,323
5,766
8,358
4,380
-6,250
-14,844
3,341
-842
-3,672
-10,428
- -
Working Capital
3,377
269
1,725
1,255
733
554
- -
7,935
15,245
15,611
14,445
10,028
31,674
27,737
25,324
20,910
- -
LT Debt
13,175
17,247
19,914
23,455
24,862
23,479
24,841
25,469
27,687
29,236
24,640
20,405
16,013
14,085
14,176
13,792
- -
Total Equity
22.89
25.73
28.79
29.54
24.34
9.07
7.89
5.73
6.52
6.69
- -
- -
- -
- -
2.76
- -
- -
Return on Invested Capital (%)
23.56
28.23
32.24
33.14
26.53
10.11
9.61
6.87
7.34
7.08
- -
- -
- -
- -
2.78
- -
- -
Return on Capital (%)
32.97
34.98
36.38
35.61
27.95
10.25
9.68
7.83
10.77
11.34
-11.3
-18.47
-42.92
-13.43
0.02
-3.13
- -
Return on Common Equity (%)

Capital Structure

HKD

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
9,023
- -
LT Borrowings
- -
20,309
- -
LT Finance Leases
- -
601
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7,102
7,102
7,102
Market Capitalization
23,578
17,115
14,843

Working Capital

HKD

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
3,766
- -
Cash, Cash Equivalents & STI
- -
2,041
- -
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
147
- -
Total Current Liabilities
- -
14,194
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
9,023
- -
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-4.59%
-10.56%
-2.71%
Free Cash Flow
29.15%
-52.22%
-73.78%
Net Income, GAAP
-1,371.33%
-2,711.09%
-13,506.25%
Sales/Revenue/Turnover
15.25%
53.4%
-3.01%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

HKD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
17,241
2025
- -
- -
- -
- -
16,723
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

HKD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
-0.06
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

HKD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
SJM Holdings Limited, an investment holding company headquartered in Hong Kong, is a prominent owner, operator, and developer of casinos and integrated entertainment resorts within the Macau Special Administrative Region. The company primarily generates revenue through two key divisions: Gaming Operations and Hotel, Catering, Retail, and Leasing Operations. The Gaming Operations segment encompasses a broad range of activities, including VIP gaming, mass market table games, and electronic gaming machines. Complementing this, the Hotel, Catering, Retail, and Leasing Operations division manages various hospitality assets, offering diverse dining experiences, retail outlets, and related services. SJM Holdings boasts a significant portfolio in Macau, featuring flagship properties like the Grand Lisboa Palace Resort and the Grand Lisboa hotel and casino, alongside numerous other casinos across the Macau Peninsula and Taipa. Their integrated resorts cater to a wide clientele, providing luxury accommodation, fine dining, shopping, wellness facilities, and event spaces. A key subsidiary, SJM Resorts, Limited, holds one of Macau's six gaming concessions and is uniquely rooted in the region. In recent developments, SJM Holdings reported an increase in total net revenue for the first half of 2025, driven by growth in its gross gaming revenue, with Grand Lisboa Palace Resort Macau emerging as a significant contributor. The company is strategically focused on expanding its reach and diversifying its portfolio, evidenced by planned acquisitions of property space within Hotel Lisboa and premises adjacent to Hengqin Port. However, in November 2025, SJM Resorts announced the termination of its plan to acquire the property housing Casino Ponte 16, which will cease operations at the end of November 2025, with gaming assets and employees being reassigned to other SJM casinos. Concurrently, the company is proceeding with the acquisition of Arc of Triumph Development Company, which includes L'Arc Hotel and Casino L'Arc Macau, aiming to enhance operational efficiency and synergies across its peninsula properties. Established in 2006, SJM Holdings Limited operates as a subsidiary of Sociedade de Turismo e Diversões de Macau, S.A. The company maintains a commitment to sustainable long-term growth and actively contributes to the Macau community through various initiatives.

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