SATS ASA (SATS.OL) Stock Fundamental Analysis
OSL:SATS - Euronext Oslo - NO0010863285 - Common Stock - Currency: NOK
We assign a fundamental rating of 5 out of 10 to SATS. SATS was compared to 55 industry peers in the Hotels, Restaurants & Leisure industry. SATS has an excellent profitability rating, but there are concerns on its financial health. SATS may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
In the past year SATS was profitable.
In the past year SATS had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: SATS reported negative net income in multiple years.
In the past 5 years SATS always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.71%, SATS is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
With an excellent Return On Equity value of 25.60%, SATS belongs to the best of the industry, outperforming 89.09% of the companies in the same industry.
SATS has a better Return On Invested Capital (8.05%) than 67.27% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SATS is significantly below the industry average of 11.33%.
The 3 year average ROIC (4.85%) for SATS is below the current ROIC(8.05%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.71% | ||
| ROE | 25.6% | ||
| ROIC | 8.05% |
ROA(3y)1.05%
ROA(5y)-1.17%
ROE(3y)5.86%
ROE(5y)-22.54%
ROIC(3y)4.85%
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 6.66%, SATS is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
In the last couple of years the Profit Margin of SATS has grown nicely.
SATS's Operating Margin of 14.79% is fine compared to the rest of the industry. SATS outperforms 74.55% of its industry peers.
SATS's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 97.27%, SATS belongs to the top of the industry, outperforming 98.18% of the companies in the same industry.
SATS's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.79% | ||
| PM (TTM) | 6.66% | ||
| GM | 97.27% |
OM growth 3YN/A
OM growth 5Y2.73%
PM growth 3YN/A
PM growth 5Y6.54%
GM growth 3Y0.15%
GM growth 5Y0.01%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SATS is still creating some value.
SATS has about the same amout of shares outstanding than it did 1 year ago.
SATS has more shares outstanding than it did 5 years ago.
The debt/assets ratio for SATS has been reduced compared to a year ago.
2.2 Solvency
SATS has an Altman-Z score of 0.90. This is a bad value and indicates that SATS is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.90, SATS is not doing good in the industry: 61.82% of the companies in the same industry are doing better.
SATS has a debt to FCF ratio of 3.96. This is a good value and a sign of high solvency as SATS would need 3.96 years to pay back of all of its debts.
SATS has a Debt to FCF ratio of 3.96. This is in the better half of the industry: SATS outperforms 74.55% of its industry peers.
A Debt/Equity ratio of 4.11 is on the high side and indicates that SATS has dependencies on debt financing.
SATS's Debt to Equity ratio of 4.11 is on the low side compared to the rest of the industry. SATS is outperformed by 65.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.11 | ||
| Debt/FCF | 3.96 | ||
| Altman-Z | 0.9 |
ROIC/WACC1.3
WACC6.18%
2.3 Liquidity
A Current Ratio of 0.40 indicates that SATS may have some problems paying its short term obligations.
With a Current ratio value of 0.40, SATS is not doing good in the industry: 74.55% of the companies in the same industry are doing better.
A Quick Ratio of 0.38 indicates that SATS may have some problems paying its short term obligations.
SATS has a Quick ratio of 0.38. This is in the lower half of the industry: SATS underperforms 76.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.4 | ||
| Quick Ratio | 0.38 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 46.09% over the past year.
The Earnings Per Share has been growing slightly by 0.89% on average over the past years.
SATS shows a small growth in Revenue. In the last year, the Revenue has grown by 7.00%.
SATS shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.90% yearly.
EPS 1Y (TTM)46.09%
EPS 3YN/A
EPS 5Y0.89%
EPS Q2Q%24.32%
Revenue 1Y (TTM)7%
Revenue growth 3Y15.97%
Revenue growth 5Y4.9%
Sales Q2Q%7.81%
3.2 Future
SATS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.38% yearly.
Based on estimates for the next years, SATS will show a small growth in Revenue. The Revenue will grow by 5.66% on average per year.
EPS Next Y46.52%
EPS Next 2Y31.36%
EPS Next 3Y25.38%
EPS Next 5YN/A
Revenue Next Year6.9%
Revenue Next 2Y6.26%
Revenue Next 3Y5.66%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 21.49, which indicates a rather expensive current valuation of SATS.
Based on the Price/Earnings ratio, SATS is valued a bit cheaper than 76.36% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.28, SATS is valued a bit cheaper.
A Price/Forward Earnings ratio of 13.16 indicates a correct valuation of SATS.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SATS indicates a rather cheap valuation: SATS is cheaper than 85.45% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of SATS to the average of the S&P500 Index (21.76), we can say SATS is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.49 | ||
| Fwd PE | 13.16 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SATS is valued a bit cheaper than the industry average as 76.36% of the companies are valued more expensively.
SATS's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SATS is cheaper than 90.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.51 | ||
| EV/EBITDA | 6.87 |
4.3 Compensation for Growth
SATS's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of SATS may justify a higher PE ratio.
SATS's earnings are expected to grow with 25.38% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.46
PEG (5Y)24.13
EPS Next 2Y31.36%
EPS Next 3Y25.38%
5. Dividend
5.1 Amount
SATS does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
OSL:SATS (7/2/2025, 7:00:00 PM)
36.1
+0.2 (+0.56%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners29.16%
Inst Owner ChangeN/A
Ins Owners3.57%
Ins Owner ChangeN/A
Market Cap7.39B
Analysts81.67
Price Target41.41 (14.71%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)7%
Min EPS beat(2)-3.01%
Max EPS beat(2)17.01%
EPS beat(4)3
Avg EPS beat(4)5.84%
Min EPS beat(4)-3.01%
Max EPS beat(4)17.01%
EPS beat(8)7
Avg EPS beat(8)127.83%
EPS beat(12)10
Avg EPS beat(12)111.81%
EPS beat(16)12
Avg EPS beat(16)69.32%
Revenue beat(2)1
Avg Revenue beat(2)-0.13%
Min Revenue beat(2)-1.28%
Max Revenue beat(2)1.01%
Revenue beat(4)1
Avg Revenue beat(4)-1.04%
Min Revenue beat(4)-1.97%
Max Revenue beat(4)1.01%
Revenue beat(8)2
Avg Revenue beat(8)-1.15%
Revenue beat(12)3
Avg Revenue beat(12)-1.57%
Revenue beat(16)5
Avg Revenue beat(16)-1.76%
PT rev (1m)4.1%
PT rev (3m)8.99%
EPS NQ rev (1m)0%
EPS NQ rev (3m)18.03%
EPS NY rev (1m)0%
EPS NY rev (3m)1.15%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.74%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.49 | ||
| Fwd PE | 13.16 | ||
| P/S | 1.43 | ||
| P/FCF | 4.51 | ||
| P/OCF | 3.78 | ||
| P/B | 5.5 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.87 |
EPS(TTM)1.68
EY4.65%
EPS(NY)2.74
Fwd EY7.6%
FCF(TTM)8.01
FCFY22.19%
OCF(TTM)9.54
OCFY26.43%
SpS25.23
BVpS6.57
TBVpS-6.35
PEG (NY)0.46
PEG (5Y)24.13
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.71% | ||
| ROE | 25.6% | ||
| ROCE | 10.98% | ||
| ROIC | 8.05% | ||
| ROICexc | 8.52% | ||
| ROICexgc | 14.26% | ||
| OM | 14.79% | ||
| PM (TTM) | 6.66% | ||
| GM | 97.27% | ||
| FCFM | 31.75% |
ROA(3y)1.05%
ROA(5y)-1.17%
ROE(3y)5.86%
ROE(5y)-22.54%
ROIC(3y)4.85%
ROIC(5y)N/A
ROICexc(3y)5.1%
ROICexc(5y)N/A
ROICexgc(3y)8.52%
ROICexgc(5y)N/A
ROCE(3y)6.62%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y5.23%
ROICexc growth 3YN/A
ROICexc growth 5Y5.59%
OM growth 3YN/A
OM growth 5Y2.73%
PM growth 3YN/A
PM growth 5Y6.54%
GM growth 3Y0.15%
GM growth 5Y0.01%
F-Score9
Asset Turnover0.56
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.11 | ||
| Debt/FCF | 3.96 | ||
| Debt/EBITDA | 2.82 | ||
| Cap/Depr | 26.19% | ||
| Cap/Sales | 6.06% | ||
| Interest Coverage | 2.55 | ||
| Cash Conversion | 99.69% | ||
| Profit Quality | 476.74% | ||
| Current Ratio | 0.4 | ||
| Quick Ratio | 0.38 | ||
| Altman-Z | 0.9 |
F-Score9
WACC6.18%
ROIC/WACC1.3
Cap/Depr(3y)20.33%
Cap/Depr(5y)20.75%
Cap/Sales(3y)5.16%
Cap/Sales(5y)5.82%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)46.09%
EPS 3YN/A
EPS 5Y0.89%
EPS Q2Q%24.32%
EPS Next Y46.52%
EPS Next 2Y31.36%
EPS Next 3Y25.38%
EPS Next 5YN/A
Revenue 1Y (TTM)7%
Revenue growth 3Y15.97%
Revenue growth 5Y4.9%
Sales Q2Q%7.81%
Revenue Next Year6.9%
Revenue Next 2Y6.26%
Revenue Next 3Y5.66%
Revenue Next 5YN/A
EBIT growth 1Y17%
EBIT growth 3YN/A
EBIT growth 5Y7.76%
EBIT Next Year190.64%
EBIT Next 3Y48.12%
EBIT Next 5YN/A
FCF growth 1Y51.29%
FCF growth 3Y34.29%
FCF growth 5Y9.06%
OCF growth 1Y48.18%
OCF growth 3Y28.52%
OCF growth 5Y7.74%