Company Valuation: SATS Ltd.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 4,870 4,150 3,876 4,577 5,199 6,050 - -
Change - -14.79% -6.6% 18.09% 13.61% 16.35% - -
Enterprise Value (EV) 1 4,595 4,922 7,309 8,127 8,583 9,224 8,874 8,242
Change - 7.12% 48.5% 11.19% 5.62% 7.47% -3.8% -7.12%
P/E 241x -127x 68.4x 19x 18.7x 18.9x 15.9x 13.8x
PBR 3.04x 1.62x 1.63x 1.77x 1.89x 2.02x 1.86x 1.56x
PEG - 1x -0x 0x 1.2x 1.3x 0.9x 0.9x
Capitalization / Revenue 4.14x 2.36x 0.75x 0.79x 0.82x 0.89x 0.84x 0.79x
EV / Revenue 3.9x 2.8x 1.42x 1.4x 1.35x 1.36x 1.23x 1.08x
EV / EBITDA 48.8x 28.4x 8.21x 7.84x 7.49x 7.65x 6.77x 5.85x
EV / EBIT -108x -103x 29.9x 17.1x 15.8x 16.1x 13.6x 11.6x
EV / FCF -295x -124x 22.4x 12.1x 12.5x 13.7x 12.2x 10.4x
FCF Yield -0.34% -0.81% 4.47% 8.24% 7.99% 7.29% 8.19% 9.62%
Dividend per Share 2 - - 0.015 0.05 0.07 0.0738 0.0907 0.117
Rate of return - - 0.58% 1.62% 1.99% 1.81% 2.23% 2.88%
EPS 2 0.018 -0.022 0.038 0.162 0.188 0.2152 0.2552 0.2941
Distribution rate - - 39.5% 30.9% 37.2% 34.3% 35.6% 39.8%
Net sales 1 1,177 1,758 5,150 5,821 6,346 6,795 7,204 7,612
EBITDA 1 94.2 173.2 890.6 1,036 1,146 1,205 1,310 1,409
EBIT 1 -42.6 -48 244.2 475.7 543.3 572.3 651.4 712
Net income 1 20.4 -26.5 56.4 243.8 285.2 321.8 381.1 433.9
Net Debt 1 -275.2 772 3,433 3,550 3,384 3,174 2,824 2,192
Reference price 2 4.340 2.790 2.600 3.080 3.520 4.070 4.070 4.070
Nbr of stocks (in thousands) 1,122,088 1,487,296 1,490,631 1,485,900 1,477,101 1,486,416 - -
Announcement Date 5/30/22 5/29/23 5/29/24 5/23/25 5/25/26 - - -
1SGD in Million2SGD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.15x1.37x7.71x1.79% 4.82B
17.42x6.74x11.35x4.44% 47.68B
17.73x2.85x8.38x3.59% 12.62B
16.94x5.52x10.48x5.64% 12.2B
621.67x9.32x23.23x-.--% 10.9B
22.08x6.05x10.95x3.3% 8.75B
45.91x16.68x23.52x1.59% 8.66B
21.83x3.04x6.47x2.18% 8.58B
11.05x3.75x6.94x7.25% 7.83B
12.2x2.19x6x3.93% 3.9B
Average 80.60x 5.75x 11.50x 3.37% 12.59B
Weighted average by Cap. 71.79x 6.31x 11.90x 3.72%

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