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 8,152 - -
Change - -50.57% 73.11% 75.16% 49.09% 0.92% - -
Enterprise Value (EV) 1 9,889 3,431 4,532 6,487 14,231 13,773 13,663 13,544
Change - -65.31% 32.1% 43.13% 119.37% -3.22% -0.8% -0.87%
P/E -7.99x -7.07x 13.8x 16.7x 17.4x 14.7x 12.3x 10.4x
PBR 7.49x 2.02x 3.02x 4.05x 5.67x 5.42x 4.6x 4.03x
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 1.42x 1.33x 1.25x
EV / Revenue 3.05x 0.84x 0.96x 1.28x 2.58x 2.4x 2.23x 2.08x
EV / EBITDA 12.1x 2.89x 2.54x 3.34x 6.75x 6.14x 5.69x 5.25x
EV / EBIT -44.1x 52x 7.47x 8.72x 16x 13.5x 12x 10.6x
EV / FCF 14.5x 4.15x 2.85x 3.89x 8.03x 7.76x 7.18x 6.56x
FCF Yield 6.88% 24.1% 35.1% 25.7% 12.5% 12.9% 13.9% 15.2%
Dividend per Share 2 - - - - 1.3 1.905 2.182 2.756
Rate of return - - - - 3.2% 4.6% 5.26% 6.65%
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 41.45 41.45 41.45
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.55x2.38x6.1x4.64% 822M
27.2x3.15x11.24x-.--% 9.16B
18.14x4.37x10.61x-.--% 4.15B
30.87x2.79x21.08x0.72% 2.81B
29.6x3.07x6.76x-.--% 2.42B
13.71x2.67x5.46x3.35% 2.37B
14.67x3.69x8.04x4.27% 1.07B
17.07x1.88x8.04x3.24% 525M
50.2x3.02x7.61x-.--% 496M
Average 24.00x 3.00x 9.44x 1.8% 2.65B
Weighted average by Cap. 24.21x 3.23x 10.79x 0.84%

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