Company Valuation: Sats ASA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,615 1,787 3,093 5,418 8,078 8,192 - -
Change - -50.57% 73.11% 75.16% 49.09% 1.41% - -
Enterprise Value (EV) 1 9,889 3,431 4,532 6,487 14,231 13,723 13,715 13,595
Change - -65.31% 32.1% 43.13% 119.37% -3.57% -0.05% -0.88%
P/E Ratio -7.99x -7.07x 13.8x 16.7x 17.4x 14.7x 12.4x 10.5x
PBR 7.49x 2.02x 3.02x 4.05x 5.67x 5.28x 4.5x 3.96x
PEG - 0.1x -0x 0.4x 0.4x 0.7x 0.7x 0.6x
Capitalization / Revenue 1.11x 0.44x 0.65x 1.07x 1.47x 1.42x 1.33x 1.25x
EV / Revenue 3.05x 0.84x 0.96x 1.28x 2.58x 2.39x 2.23x 2.08x
EV / EBITDA 12.1x 2.89x 2.54x 3.34x 6.75x 6.1x 5.7x 5.26x
EV / EBIT -44.1x 52x 7.47x 8.72x 16x 13.5x 12.1x 10.6x
EV / FCF 14.5x 4.15x 2.85x 3.89x 8.03x 7.41x 7.18x 6.56x
FCF Yield 6.88% 24.1% 35.1% 25.7% 12.5% 13.5% 13.9% 15.2%
Dividend per Share 2 - - - - 1.3 1.79 2.18 2.762
Rate of return - - - - 3.2% 4.3% 5.23% 6.63%
EPS 2 -2.64 -1.25 1.1 1.59 2.34 2.836 3.366 3.97
Distribution rate - - - - 55.6% 63.1% 64.8% 69.6%
Net sales 1 3,247 4,082 4,734 5,064 5,509 5,749 6,147 6,542
EBITDA 1 818 1,186 1,784 1,942 2,109 2,250 2,406 2,584
EBIT 1 -224 66 607 744 892 1,018 1,135 1,281
Net income 1 -452 -246 224 326 474 563.9 669 788.9
Net Debt 1 6,274 1,644 1,439 1,069 6,153 5,531 5,524 5,403
Reference price 2 21.10 8.84 15.16 26.50 40.60 41.65 41.65 41.65
Nbr of stocks (in thousands) 171,335 202,136 204,044 204,460 198,968 196,680 - -
Announcement Date 2/11/22 2/14/23 2/13/24 2/12/25 2/10/26 - - -
1NOK in Million2NOK
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.68x2.39x6.1x4.3% 863M
22.69x2.7x9.62x-.--% 7.64B
17.65x4.29x10.42x-.--% 4.04B
28.76x2.61x19.67x0.78% 2.62B
30.34x3.1x6.8x-.--% 2.52B
13.07x2.6x5.33x3.21% 2.3B
15.2x3.87x8.36x4.18% 1.16B
51.96x3.05x7.69x-.--% 511M
16.16x1.77x7.59x3.42% 504M
Average 23.39x 2.93x 9.06x 1.76% 2.46B
Weighted average by Cap. 22.18x 3.05x 9.89x 0.89%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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