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 7,877 - -
Change - -50.57% 73.11% 75.16% 49.09% -2.49% - -
Enterprise Value (EV) 1 9,889 3,431 4,532 6,487 14,231 13,498 13,388 13,268
Change - -65.31% 32.1% 43.13% 119.37% -5.15% -0.81% -0.89%
P/E -7.99x -7.07x 13.8x 16.7x 17.4x 14.2x 11.9x 10.1x
PBR 7.49x 2.02x 3.02x 4.05x 5.67x 5.24x 4.44x 3.89x
PEG - 0.1x -0x 0.4x 0.4x 0.7x 0.6x 0.6x
Capitalization / Revenue 1.11x 0.44x 0.65x 1.07x 1.47x 1.37x 1.29x 1.21x
EV / Revenue 3.05x 0.84x 0.96x 1.28x 2.58x 2.35x 2.19x 2.03x
EV / EBITDA 12.1x 2.89x 2.54x 3.34x 6.75x 6.02x 5.58x 5.15x
EV / EBIT -44.1x 52x 7.47x 8.72x 16x 13.3x 11.8x 10.4x
EV / FCF 14.5x 4.15x 2.85x 3.89x 8.03x 7.61x 7.04x 6.43x
FCF Yield 6.88% 24.1% 35.1% 25.7% 12.5% 13.1% 14.2% 15.6%
Dividend per Share 2 - - - - 1.3 1.905 2.182 2.756
Rate of return - - - - 3.2% 4.76% 5.45% 6.88%
EPS 2 -2.64 -1.25 1.1 1.59 2.34 2.821 3.366 3.97
Distribution rate - - - - 55.6% 67.5% 64.8% 69.4%
Net sales 1 3,247 4,082 4,734 5,064 5,509 5,747 6,121 6,523
EBITDA 1 818 1,186 1,784 1,942 2,109 2,244 2,401 2,579
EBIT 1 -224 66 607 744 892 1,017 1,135 1,282
Net income 1 -452 -246 224 326 474 560.3 668.3 788.5
Net Debt 1 6,274 1,644 1,439 1,069 6,153 5,621 5,511 5,391
Reference price 2 21.10 8.84 15.16 26.50 40.60 40.05 40.05 40.05
Nbr of stocks (in thousands) 171,335 202,136 204,044 204,460 198,968 196,680 - -
Announcement Date 2/11/22 A 2/14/23 A 2/13/24 A 2/12/25 A 2/10/26 A - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.2x2.35x6.02x4.76% 822M
27.98x3.23x11.51x-.--% 9.42B
18.53x4.44x10.78x-.--% 4.23B
29.32x2.66x20.04x0.76% 2.67B
13.82x2.65x5.45x3.41% 2.39B
27.33x3.05x6.68x-.--% 2.37B
13.46x3.49x7.61x4.65% 982M
17.12x1.91x8.18x3.19% 528M
50.08x3.02x7.58x-.--% 496M
Average 23.54x 2.98x 9.32x 1.86% 2.66B
Weighted average by Cap. 24.12x 3.25x 10.75x 0.85%

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