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 8,349 - -
Change - -50.57% 73.11% 75.16% 49.09% 3.35% - -
Enterprise Value (EV) 1 9,889 3,431 4,532 6,487 14,231 13,993 13,878 13,725
Change - -65.31% 32.1% 43.13% 119.37% -1.67% -0.82% -1.1%
P/E -7.99x -7.07x 13.8x 16.7x 17.4x 15.2x 12.5x 10.6x
PBR 7.49x 2.02x 3.02x 4.05x 5.67x 5.61x 4.72x 4.11x
PEG - 0.1x -0x 0.4x 0.4x 0.8x 0.6x 0.6x
Capitalization / Revenue 1.11x 0.44x 0.65x 1.07x 1.47x 1.45x 1.36x 1.28x
EV / Revenue 3.05x 0.84x 0.96x 1.28x 2.58x 2.43x 2.27x 2.11x
EV / EBITDA 12.1x 2.89x 2.54x 3.34x 6.75x 6.26x 5.77x 5.33x
EV / EBIT -44.1x 52x 7.47x 8.72x 16x 13.9x 12.2x 10.7x
EV / FCF 14.5x 4.15x 2.85x 3.89x 8.03x 7.93x 7.29x 6.69x
FCF Yield 6.88% 24.1% 35.1% 25.7% 12.5% 12.6% 13.7% 15%
Dividend per Share 2 - - - - 1.3 1.908 2.175 2.774
Rate of return - - - - 3.2% 4.5% 5.12% 6.53%
EPS 2 -2.64 -1.25 1.1 1.59 2.34 2.795 3.406 3.993
Distribution rate - - - - 55.6% 68.3% 63.8% 69.5%
Net sales 1 3,247 4,082 4,734 5,064 5,509 5,752 6,122 6,518
EBITDA 1 818 1,186 1,784 1,942 2,109 2,236 2,404 2,576
EBIT 1 -224 66 607 744 892 1,009 1,138 1,279
Net income 1 -452 -246 224 326 474 552.9 674 789.8
Net Debt 1 6,274 1,644 1,439 1,069 6,153 5,644 5,529 5,376
Reference price 2 21.10 8.84 15.16 26.50 40.60 42.45 42.45 42.45
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.($)
15.19x2.43x6.26x4.5% 874M
27.8x3.32x11.85x-.--% 9.84B
19.42x4.57x11.1x-.--% 4.43B
28.96x3.19x6.96x-.--% 2.67B
28.57x2.62x19.75x0.77% 2.64B
14.03x2.67x5.5x3.36% 2.42B
14.77x3.76x8.22x4.13% 1.11B
17.98x2.01x8.62x3.04% 569M
48.18x2.96x7.44x-.--% 481M
Average 23.88x 3.06x 9.52x 1.76% 2.78B
Weighted average by Cap. 24.34x 3.34x 10.90x 0.82%

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