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Macau casino operator running the Grand Lisboa and other casino-resorts, descended from the former Macau gaming monopoly.
Macau casino operator running the Grand Lisboa and other casino-resorts, descended from the former Macau gaming monopoly.
Earns a share of gambling win from casino tables and slots, with part of that coming from satellite casinos run by third parties under its licence, a feature of its legacy as the former monopoly. Macau taxes gaming revenue heavily, and a new concession began in 2023 after the rules were rewritten.
In one line: One of Macau's original casino concessionaires, like a legacy Caesars.
Moat: narrow (regulatory licence, brand, installed base). One of only six licensed Macau casino concessionaires, though it has lagged Cotai-based peers in premium mass-market positioning.
Headquarters: Macau · Employees: 20,400
Size SJM (0880.HK) is a Hong Kong Communication Services company (Movies/Entertainment) with a market value of $974M, the 599th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$1.07 on 6 Nov 2026.
Performance Over six months the shares fell 48.8%, against -8.2% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue fell 16.4% over the last twelve months (peer median +5.8%); the operating margin is 5.6% (peer median 9.5%).
Valuation It trades at 2.5× enterprise value to sales against a peer median of 3.0× (10th cheapest of 21).
Capital Return on invested capital runs 4.3 points below its cost of capital (6.0% WACC).
Next results Next results expected around 10 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$14.8B | HK$16.7B | HK$17.2B | HK$13.1B | HK$4.00B |
| Revenue growth | — | -3% | +31% | +229% | — |
| Gross profit | HK$11.7B | HK$13.9B | HK$14.6B | HK$10.7B | HK$1.70B |
| EBITDA | HK$3.03B | HK$3.06B | HK$3.66B | HK$1.68B | -HK$3.45B |
| Net income | -HK$542M | -HK$429M | HK$3.20M | -HK$2.01B | -HK$7.80B |
| Free cash flow | -HK$518M | -HK$849M | HK$654M | HK$440M | -HK$6.43B |
| Capital expenditure | HK$1.97B | HK$2.30B | HK$1.75B | HK$1.69B | HK$1.08B |
| Total debt | n/a | HK$30.8B | HK$28.0B | HK$29.7B | HK$33.3B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| SJM 0880.HK | $974M | -49% | -16% | 6% | 2.5× | n/a |
| Sands China 1928.HK | $11.4B | -30% | +9% | 26% | 3.6× | 2.5% |
| Wynn Macau 1128.HK | $2.99B | -24% | +9% | 29% | 3.3× | -2.4% |
| MGM China 2282.HK | $4.85B | -12% | +11% | 31% | 2.6× | -3.1% |
| Melco Resorts & Entertainment Ltd. Sponsored ADR MLCO | $1.79B | -16% | +6% | 12% | 1.6× | -6.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 0880.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.7% | +4.0% | lowest of 21 |
| 6-month return | -48.8% | -8.2% | 2nd lowest of 21 |
| Distance from 52-week high | -64.2% | -34.2% | lowest of 21 |
| Revenue growth (TTM) | -16.4% | +5.8% | 2nd lowest of 21 |
| Operating margin | 5.6% | 9.5% | 8th lowest of 21 |
| EV / Sales | 2.5× | 3.0× | 10th cheapest of 21 |
| ROIC minus cost of capital | -4.3 pp | -1.0 pp | 5th lowest of 20 |
| EV / EBITDA | 12.0× | 10.0× | 6th most expensive of 14 |
| Net debt / EBITDA | 9.3× | 2.5× | 3rd most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SJM 0880.HK | Hong Kong | $974M | -49% | -16% | 6% | 2.5× | n/a | n/a |
| ZEAL Network TIMA.DE | Germany | $969M | -18% | +12% | 27% | 3.5× | -7.5% | +20.2% |
| JYP Entertainment 035900.KS | South Korea | $1.01B | -34% | +15% | 18% | 1.2× | -17.4% | +41.6% |
| Six Flags Entertainment FUN | United States | $1.02B | -55% | -3% | 11% | 2.1× | 5.4% | +76.4% |
| Shochiku 9601.T | Japan | $1.03B | +14% | +4% | 5% | 2.1× | 13.5% | +13.4% |
| CA Cultural Technology 1566.HK | Hong Kong | $1.03B | +9,743% | -2% | 7% | 25.4× | n/a | n/a |
| Tips Music TIPSMUSIC.NS | India | $1.04B | +20% | +27% | 67% | 22.6× | 36.6% | +32.9% |
| Fuji Kyuko 9010.T | Japan | $887M | +17% | +2% | 16% | 3.2× | 5.0% | +11.9% |
| Beijing Baination Pictures 300291.SZ | China | $874M | -2% | +217% | -134% | 6.5× | 24.5% | +1.5% |
| Accel Entertainment ACEL | United States | $1.10B | +18% | +9% | 8% | 1.0× | 0.8% | +33.3% |
| Compagnie des Alpes CDA.PA | France | $1.11B | -11% | +8% | 13% | 1.6× | 2.6% | +17.8% |
| Zhejiang Sunriver Culture Tourism 600576.SS | China | $838M | -11% | +16% | 17% | 5.6× | n/a | n/a |
| ProSiebenSat.1 Media PSM.DE | Germany | $830M | -16% | -8% | 6% | 0.7× | -11.8% | -1.9% |
| Omnijoi Media 300528.SZ | China | $820M | -7% | -1% | -26% | 8.4× | n/a | n/a |
| Marcus MCS | United States | $813M | +49% | +9% | 6% | 1.3× | 9.2% | +26.1% |
| Bona Film 001330.SZ | China | $1.17B | -25% | -29% | -34% | 10.3× | 24.0% | -4.9% |
| China Television Media 600088.SS | China | $786M | -10% | -3% | 2% | 4.5× | 31.1% | +5.9% |
| Saregama India SAREGAMA.NS | India | $1.26B | +77% | -3% | 28% | 10.4× | n/a | n/a |
| Juventus Football Club JUVE.MI | Italy | $738M | -22% | -1% | -28% | 2.4× | n/a | n/a |
| SM ENTERTAINMENT 041510.KS | South Korea | $1.31B | -19% | +10% | 14% | 1.4× | -9.1% | +15.2% |
| Heiwa 6412.T | Japan | $1.32B | +16% | +47% | 16% | 2.8× | 4.1% | +19.1% |