Financials Sats ASA

Equities

SATS

NO0010863285

Leisure & Recreation

Market Closed - Oslo Bors 10:45:00 2024-04-29 am EDT 5-day change 1st Jan Change
18.5 NOK +0.11% Intraday chart for Sats ASA +4.17% +22.03%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,855 3,942 3,615 1,787 3,093 3,775 - -
Enterprise Value (EV) 1 9,279 10,396 9,889 3,431 4,532 8,980 8,799 8,512
P/E ratio 20.6 x -12.2 x -7.99 x -7.07 x 13.8 x 12.3 x 9.39 x 8.12 x
Yield - - - - - 1.84% 2.43% -
Capitalization / Revenue 0.97 x 1.12 x 1.11 x 0.44 x 0.65 x 0.75 x 0.72 x 0.69 x
EV / Revenue 2.33 x 2.94 x 3.05 x 0.84 x 0.96 x 1.78 x 1.68 x 1.56 x
EV / EBITDA 6.25 x 9.16 x 12.1 x 2.89 x 2.54 x 4.57 x 4.23 x 3.92 x
EV / FCF 8.59 x 13.3 x 14.5 x 4.15 x 2.85 x 5.43 x 5.14 x -
FCF Yield 11.6% 7.52% 6.88% 24.1% 35.1% 18.4% 19.5% -
Price to Book 3.15 x 4.46 x 7.49 x 2.02 x 3.02 x 2.83 x 2.27 x 1.71 x
Nbr of stocks (in thousands) 170,000 170,663 171,335 202,136 204,044 204,076 - -
Reference price 2 22.68 23.10 21.10 8.840 15.16 18.48 18.48 18.48
Announcement Date 2/13/20 2/9/21 2/11/22 2/14/23 2/13/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,987 3,534 3,247 4,082 4,734 5,049 5,236 5,441
EBITDA 1 1,484 1,135 818 1,186 1,784 1,964 2,082 2,172
EBIT 1 512 90 -224 66 607 721.9 812.6 894
Operating Margin 12.84% 2.55% -6.9% 1.62% 12.82% 14.3% 15.52% 16.43%
Earnings before Tax (EBT) 1 247 -255 -522 -261 313 393 512.2 591.2
Net income 1 187 -325 -452 -246 224 306.9 400 462
Net margin 4.69% -9.2% -13.92% -6.03% 4.73% 6.08% 7.64% 8.49%
EPS 2 1.100 -1.900 -2.640 -1.250 1.100 1.507 1.968 2.275
Free Cash Flow 1 1,080 782 680 826 1,591 1,655 1,713 -
FCF margin 27.09% 22.13% 20.94% 20.24% 33.61% 32.78% 32.72% -
FCF Conversion (EBITDA) 72.78% 68.9% 83.13% 69.65% 89.18% 84.27% 82.27% -
FCF Conversion (Net income) 577.54% - - - 710.27% 539.24% 428.2% -
Dividend per Share 2 - - - - - 0.3402 0.4497 -
Announcement Date 2/13/20 2/9/21 2/11/22 2/14/23 2/13/24 - - -
1NOK in Million2NOK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 971 1,002 1,011 1,022 967 1,082 1,201 1,200 1,106 1,227 1,284 1,269 1,200 1,291 1,331
EBITDA 1 333 273 287 342 281 276 424 491 445 425 465.4 527 494.3 473 494
EBIT 1 74 -2 14 67 5 -20 126 201 156 123 156.9 222.5 190.3 162.5 178
Operating Margin 7.62% -0.2% 1.38% 6.56% 0.52% -1.85% 10.49% 16.75% 14.1% 10.02% 12.22% 17.53% 15.85% 12.59% 13.37%
Earnings before Tax (EBT) 1 7 -74 -54 21 -54 -175 84 123 49 57 70.06 137 104.4 77.05 100.7
Net income 1 -2 -66 -56 12 -52 -150 63 94 31 35 54.82 106.8 81.64 60.21 78.44
Net margin -0.21% -6.59% -5.54% 1.17% -5.38% -13.86% 5.25% 7.83% 2.8% 2.85% 4.27% 8.42% 6.8% 4.66% 5.89%
EPS 2 -0.0100 -0.3900 - 0.0600 -0.2600 -0.7400 0.3100 0.4600 0.1500 0.1700 0.2706 0.5403 0.3531 0.3391 0.4049
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 11/11/21 2/11/22 5/3/22 7/13/22 10/28/22 2/14/23 4/26/23 8/23/23 10/26/23 2/13/24 - - - - -
1NOK in Million2NOK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 5,424 6,454 6,274 1,644 1,439 5,204 5,023 4,737
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.655 x 5.686 x 7.67 x 1.386 x 0.8066 x 2.65 x 2.412 x 2.181 x
Free Cash Flow 1 1,080 782 680 826 1,591 1,655 1,713 -
ROE (net income / shareholders' equity) 18.8% -23.4% -66.1% -27.1% 23.8% 26.2% 26.8% 24.2%
ROA (Net income/ Total Assets) 2.45% -3.81% -5.19% -2.89% - 3.2% 4.2% -
Assets 1 7,634 8,540 8,714 8,506 - 9,591 9,525 -
Book Value Per Share 2 7.190 5.180 2.820 4.370 5.020 6.520 8.150 10.80
Cash Flow per Share - - - - - - - -
Capex 1 265 230 232 256 167 294 304 294
Capex / Sales 6.65% 6.51% 7.15% 6.27% 3.53% 5.83% 5.81% 5.4%
Announcement Date 2/13/20 2/9/21 2/11/22 2/14/23 2/13/24 - - -
1NOK in Million2NOK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
18.48 NOK
Average target price
23.33 NOK
Spread / Average Target
+26.26%
Consensus