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 8,398 - -
Change - -50.57% 73.11% 75.16% 49.09% 3.96% - -
Enterprise Value (EV) 1 9,889 3,431 4,532 6,487 14,231 13,929 13,922 13,802
Change - -65.31% 32.1% 43.13% 119.37% -2.12% -0.05% -0.86%
P/E -7.99x -7.07x 13.8x 16.7x 17.4x 15.1x 12.7x 10.8x
PBR 7.49x 2.02x 3.02x 4.05x 5.67x 5.42x 4.62x 4.06x
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 1.46x 1.37x 1.28x
EV / Revenue 3.05x 0.84x 0.96x 1.28x 2.58x 2.42x 2.26x 2.11x
EV / EBITDA 12.1x 2.89x 2.54x 3.34x 6.75x 6.19x 5.79x 5.34x
EV / EBIT -44.1x 52x 7.47x 8.72x 16x 13.7x 12.3x 10.8x
EV / FCF 14.5x 4.15x 2.85x 3.89x 8.03x 7.52x 7.29x 6.66x
FCF Yield 6.88% 24.1% 35.1% 25.7% 12.5% 13.3% 13.7% 15%
Dividend per Share 2 - - - - 1.3 1.79 2.18 2.762
Rate of return - - - - 3.2% 4.19% 5.11% 6.47%
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 42.70 42.70 42.70
Nbr of stocks (in thousands) 171,335 202,136 204,044 204,460 198,968 196,680 - -
Announcement Date 11/02/22 14/02/23 13/02/24 12/02/25 10/02/26 - - -
1NOK in Million2NOK
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.05x2.42x6.19x4.19% 846M
27.12x3.14x11.21x-.--% 9.13B
18.25x4.39x10.65x-.--% 4.17B
31.45x2.84x21.46x0.71% 2.86B
29.49x3.06x6.72x-.--% 2.41B
13.41x2.64x5.4x3.42% 2.32B
15.07x3.76x8.19x4.16% 1.1B
16.88x1.86x7.95x3.28% 521M
51.16x3.04x7.68x-.--% 500M
Average 24.21x 3.02x 9.49x 1.75% 2.65B
Weighted average by Cap. 24.29x 3.24x 10.86x 0.83%

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