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 8,025 - -
Change - -50.57% 73.11% 75.16% 49.09% -0.66% - -
Enterprise Value (EV) 1 9,889 3,431 4,532 6,487 14,231 13,645 13,535 13,416
Change - -65.31% 32.1% 43.13% 119.37% -4.12% -0.81% -0.88%
P/E -7.99x -7.07x 13.8x 16.7x 17.4x 14.5x 12.1x 10.3x
PBR 7.49x 2.02x 3.02x 4.05x 5.67x 5.33x 4.52x 3.97x
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 1.4x 1.31x 1.23x
EV / Revenue 3.05x 0.84x 0.96x 1.28x 2.58x 2.37x 2.21x 2.06x
EV / EBITDA 12.1x 2.89x 2.54x 3.34x 6.75x 6.08x 5.64x 5.2x
EV / EBIT -44.1x 52x 7.47x 8.72x 16x 13.4x 11.9x 10.5x
EV / FCF 14.5x 4.15x 2.85x 3.89x 8.03x 7.69x 7.11x 6.5x
FCF Yield 6.88% 24.1% 35.1% 25.7% 12.5% 13% 14.1% 15.4%
Dividend per Share 2 - - - - 1.3 1.905 2.182 2.756
Rate of return - - - - 3.2% 4.67% 5.35% 6.75%
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 40.80 40.80 40.80
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.46x2.37x6.08x4.67% 822M
27.7x3.2x11.42x-.--% 9.32B
17.76x4.31x10.46x-.--% 4.06B
29.34x2.66x20.06x0.76% 2.67B
14.61x2.75x5.64x3.17% 2.55B
29.28x3.06x6.73x-.--% 2.4B
14.05x3.59x7.82x4.46% 1.02B
16.99x1.87x8.01x3.26% 525M
49.73x3x7.54x-.--% 494M
Average 23.77x 2.98x 9.31x 1.81% 2.65B
Weighted average by Cap. 24.13x 3.22x 10.64x 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