SATS

SatsOB:SATS Stock Report

Market Cap

kr3.9b

7D

2.9%

1Y

19.3%

Updated

18 Sep, 2021

Data

Company Financials +
SATS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance0/6
Financial Health2/6
Dividends0/6

SATS Overview

Sats ASA provides fitness and training services in Norway, Sweden, Denmark and Finland.

Rewards

Trading at 72.4% below our estimate of its fair value

Earnings are forecast to grow 89.2% per year

Risk Analysis

No risks detected for SATS from our risk checks.

Sats Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sats
Historical stock prices
Current Share Pricekr22.70
52 Week Highkr15.14
52 Week Lowkr24.90
Beta0
1 Month Change9.93%
3 Month Change0.66%
1 Year Change19.35%
3 Year Changen/a
5 Year Changen/a
Change since IPO4.56%

Recent News & Updates

Shareholder Returns

SATSNO HospitalityNO Market
7D2.9%-0.5%-0.5%
1Y19.3%46.7%20.4%

Return vs Industry: SATS underperformed the Norwegian Hospitality industry which returned 46.7% over the past year.

Return vs Market: SATS underperformed the Norwegian Market which returned 20.4% over the past year.

Price Volatility

Is SATS's price volatile compared to industry and market?
SATS volatility
SATS Beta0
Industry Beta1.15
Market Beta1

Stable Share Price: SATS is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SATS's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19951,581Sondre Gravirhttps://www.satsgroup.com

Sats ASA provides fitness and training services in Norway, Sweden, Denmark and Finland. It operates approximately 253 fitness clubs under the SATS, ELIXIA, Fresh Fitness, and HiYoga brands. The company was founded in 1995 and is headquartered in Oslo, Norway.

Sats Fundamentals Summary

How do Sats's earnings and revenue compare to its market cap?
SATS fundamental statistics
Market Capkr3.88b
Earnings (TTM)-kr497.00m
Revenue (TTM)kr3.08b

1.3x

P/S Ratio

-7.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SATS income statement (TTM)
Revenuekr3.08b
Cost of Revenuekr1.43b
Gross Profitkr1.65b
Expenseskr2.14b
Earnings-kr497.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 11, 2021

Earnings per share (EPS)-2.91
Gross Margin53.54%
Net Profit Margin-16.16%
Debt/Equity Ratio411.9%

How did SATS perform over the long term?

See historical performance and comparison

Valuation

Is Sats undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SATS (NOK22.7) is trading below our estimate of fair value (NOK82.38)

Significantly Below Fair Value: SATS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SATS is unprofitable, so we can't compare its PE Ratio to the European Hospitality industry average.

PE vs Market: SATS is unprofitable, so we can't compare its PE Ratio to the Norwegian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SATS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SATS is overvalued based on its PB Ratio (7.5x) compared to the XE Hospitality industry average (1.8x).


Future Growth

How is Sats forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

89.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SATS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).

Earnings vs Market: SATS is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SATS's is expected to become profitable in the next 3 years.

Revenue vs Market: SATS's revenue (16.4% per year) is forecast to grow faster than the Norwegian market (5.8% per year).

High Growth Revenue: SATS's revenue (16.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SATS's Return on Equity is forecast to be high in 3 years time (29.9%)


Past Performance

How has Sats performed over the past 5 years?

-66.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SATS is currently unprofitable.

Growing Profit Margin: SATS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SATS is unprofitable, and losses have increased over the past 5 years at a rate of 66% per year.

Accelerating Growth: Unable to compare SATS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SATS is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (8.7%).


Return on Equity

High ROE: SATS has a negative Return on Equity (-95.76%), as it is currently unprofitable.


Financial Health

How is Sats's financial position?


Financial Position Analysis

Short Term Liabilities: SATS's short term assets (NOK675.0M) do not cover its short term liabilities (NOK1.9B).

Long Term Liabilities: SATS's short term assets (NOK675.0M) do not cover its long term liabilities (NOK5.9B).


Debt to Equity History and Analysis

Debt Level: SATS's debt to equity ratio (411.9%) is considered high.

Reducing Debt: SATS's debt to equity ratio has increased from 195.9% to 411.9% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable SATS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: SATS is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 20.8% per year.


Dividend

What is Sats's current dividend yield, its reliability and sustainability?

1.49%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SATS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SATS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SATS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SATS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SATS's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Sondre Gravir (44 yo)

no data

Tenure

Mr. Sondre Gravir serves as Chief Executive Officer at SATS Group AS. He served as CEO of Schibsted Marketplaces from 2017 to October 2018. Mr. Gravir served as the Executive Vice President of Europe - Est...


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Sats ASA's employee growth, exchange listings and data sources


Key Information

  • Name: Sats ASA
  • Ticker: SATS
  • Exchange: OB
  • Founded: 1995
  • Industry: Leisure Facilities
  • Sector: Consumer Services
  • Market Cap: kr3.878b
  • Shares outstanding: 170.85m
  • Website: https://www.satsgroup.com

Number of Employees


Location

  • Sats ASA
  • Nydalsveien 28
  • Oslo
  • Oslo
  • 484
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 16:21
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.