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 5,381 - -
Change - -14.79% -6.6% 18.09% 13.61% 3.49% - -
Enterprise Value (EV) 1 4,595 4,922 7,309 8,127 8,583 8,463 8,205 7,573
Change - 7.12% 48.5% 11.19% 5.62% -1.39% -3.05% -7.7%
P/E 241x -127x 68.4x 19x 18.7x 16.9x 14.2x 12.4x
PBR 3.04x 1.62x 1.63x 1.77x 1.89x 1.8x 1.65x 1.39x
PEG - 1x -0x 0x 1.2x 1.2x 0.8x 0.8x
Capitalization / Revenue 4.14x 2.36x 0.75x 0.79x 0.82x 0.79x 0.75x 0.71x
EV / Revenue 3.9x 2.8x 1.42x 1.4x 1.35x 1.25x 1.14x 0.99x
EV / EBITDA 48.8x 28.4x 8.21x 7.84x 7.49x 6.94x 6.26x 5.38x
EV / EBIT -108x -103x 29.9x 17.1x 15.8x 14.8x 12.6x 10.6x
EV / FCF -295x -124x 22.4x 12.1x 12.5x 12.6x 11.3x 9.55x
FCF Yield -0.34% -0.81% 4.47% 8.24% 7.99% 7.95% 8.85% 10.5%
Dividend per Share 2 - - 0.015 0.05 0.07 0.0738 0.0908 0.117
Rate of return - - 0.58% 1.62% 1.99% 2.04% 2.51% 3.23%
EPS 2 0.018 -0.022 0.038 0.162 0.188 0.2147 0.2547 0.293
Distribution rate - - 39.5% 30.9% 37.2% 34.4% 35.6% 39.9%
Net sales 1 1,177 1,758 5,150 5,821 6,346 6,795 7,204 7,612
EBITDA 1 94.2 173.2 890.6 1,036 1,146 1,220 1,310 1,409
EBIT 1 -42.6 -48 244.2 475.7 543.3 572.3 651.5 712
Net income 1 20.4 -26.5 56.4 243.8 285.2 321.9 381.1 433.9
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 3.620 3.620 3.620
Nbr of stocks (in thousands) 1,122,088 1,487,296 1,490,631 1,485,900 1,477,101 1,486,416 - -
Announcement Date 30/5/22 29/5/23 29/5/24 23/5/25 25/5/26 - - -
1SGD in Million2SGD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.86x1.25x6.94x2.04% 4.2B
17.25x6.68x11.31x4.5% 45.13B
44.72x12.97x22.93x1.35% 25.9B
22.63x1.26x9.55x2.05% 15.37B
20.06x6.56x12.45x2.43% 13.35B
18.25x2.9x8.57x3.59% 12.31B
159.75x8.03x20.07x-.--% 9.95B
22.73x3x6.88x2.24% 8.89B
44.89x16.38x23.1x1.64% 8.08B
13.02x4.16x7.62x6.45% 7.48B
Average 38.02x 6.32x 12.94x 2.63% 15.07B
Weighted average by Cap. 33.85x 7.00x 13.65x 2.9%

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.