Company Valuation: SATS Ltd.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 4,870 4,150 3,876 4,577 5,199 6,050 - -
Change - -14.79% -6.6% 18.09% 13.61% 16.36% - -
Enterprise Value (EV) 1 4,595 4,922 7,309 8,127 8,583 9,132 8,874 8,242
Change - 7.12% 48.5% 11.19% 5.62% 6.4% -2.83% -7.12%
P/E 241x -127x 68.4x 19x 18.7x 19.6x 16x 14x
PBR 3.04x 1.62x 1.63x 1.77x 1.89x 2.02x 1.86x 1.57x
PEG - 1x -0x 0x 1.2x 1.8x 0.7x 1x
Capitalization / Revenue 4.14x 2.36x 0.75x 0.79x 0.82x 0.89x 0.84x 0.79x
EV / Revenue 3.9x 2.8x 1.42x 1.4x 1.35x 1.34x 1.23x 1.07x
EV / EBITDA 48.8x 28.4x 8.21x 7.84x 7.49x 7.56x 6.78x 5.86x
EV / EBIT -108x -103x 29.9x 17.1x 15.8x 16.2x 13.6x 11.6x
EV / FCF -295x -124x 22.4x 12.1x 12.5x 14x 11.7x 9.8x
FCF Yield -0.34% -0.81% 4.47% 8.24% 7.99% 7.15% 8.54% 10.2%
Dividend per Share 2 - - 0.015 0.05 0.07 0.0724 0.0897 0.117
Rate of return - - 0.58% 1.62% 1.99% 1.78% 2.2% 2.88%
EPS 2 0.018 -0.022 0.038 0.162 0.188 0.2081 0.2544 0.2912
Distribution rate - - 39.5% 30.9% 37.2% 34.8% 35.3% 40.2%
Net sales 1 1,177 1,758 5,150 5,821 6,346 6,810 7,237 7,670
EBITDA 1 94.2 173.2 890.6 1,036 1,146 1,207 1,309 1,408
EBIT 1 -42.6 -48 244.2 475.7 543.3 565 651.6 710
Net income 1 20.4 -26.5 56.4 243.8 285.2 316.7 379.9 430.2
Net Debt 1 -275.2 772 3,433 3,550 3,384 3,083 2,824 2,192
Reference price 2 4.340 2.790 2.600 3.080 3.520 4.070 4.070 4.070
Nbr of stocks (in thousands) 1,122,088 1,487,296 1,490,631 1,485,900 1,477,101 1,486,473 - -
Announcement Date 30/05/22 29/05/23 29/05/24 23/05/25 25/05/26 - - -
1SGD in Million2SGD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
19.56x1.34x7.56x1.78% 4.7B
18.48x7.05x11.95x4.23% 47.64B
44.89x13.08x23.21x1.33% 26.03B
24.07x1.32x10.14x1.95% 15.85B
21.45x6.72x12.79x3.66% 14.07B
19.4x2.99x8.81x3.3% 12.74B
348.1x8.79x22.12x-.--% 11.09B
23.75x3.15x6.29x2.29% 9.12B
48.06x17.3x24.4x1.54% 8.4B
14.4x4.26x8.1x6% 8.09B
Average 58.22x 6.60x 13.54x 2.61% 16B
Weighted average by Cap. 48.61x 7.24x 14.17x 2.86%

Y-o-Y evolution of P/E

Valuation ratios - P/E - SATS Ltd.

Historical PBR trend

Valuation ratios - PBR - SATS Ltd.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - SATS Ltd.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - SATS Ltd.


Year-on-year evolution of the Yield

Valuation ratios - Yield - SATS Ltd.