Sats ASA

OB:SATS Stock Report

Market Cap: NOK 7.9b

Sats Valuation

Is SATS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of SATS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: SATS (NOK39.9) is trading below our estimate of future cash flow value (NOK175.7)

Significantly Below Future Cash Flow Value: SATS is trading below future cash flow value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for SATS?

Key metric: As SATS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SATS. This is calculated by dividing SATS's market cap by their current earnings.
What is SATS's PE Ratio?
PE Ratio18.5x
EarningsNOK 429.00m
Market CapNOK 7.94b

Price to Earnings Ratio vs Peers

How does SATS's PE Ratio compare to its peers?

The above table shows the PE ratio for SATS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.3x
9010 Fuji Kyuko
21.5x6.00%JP¥113.7b
BOWL Hollywood Bowl Group
13.3x7.16%UK£461.3m
9672 TokyotokeibaLtd
14.7x9.33%JP¥146.3b
GPPL Golden Pyramids PlazaE
11.5xn/aUS$808.6m
SATS Sats
18.5x23.47%NOK 7.9b

Price-To-Earnings vs Peers: SATS is expensive based on its Price-To-Earnings Ratio (18.5x) compared to the peer average (15.3x).


Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data


Price to Earnings Ratio vs Industry

How does SATS's PE Ratio compare vs other companies in the European Hospitality Industry?

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SATS 18.5xIndustry Avg. 18.4xNo. of Companies24PE01632486480+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SATS is expensive based on its Price-To-Earnings Ratio (18.5x) compared to the European Hospitality industry average (18.4x).


Price to Earnings Ratio vs Fair Ratio

What is SATS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SATS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.5x
Fair PE Ratio19.8x

Price-To-Earnings vs Fair Ratio: SATS is good value based on its Price-To-Earnings Ratio (18.5x) compared to the estimated Fair Price-To-Earnings Ratio (19.8x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SATS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNOK 39.90
NOK 44.75
+12.16%
5.33%NOK 48.00NOK 42.00n/a4
Jan ’27NOK 40.60
NOK 45.67
+12.48%
4.50%NOK 48.00NOK 43.00n/a3
Dec ’26NOK 38.00
NOK 44.67
+17.54%
5.28%NOK 48.00NOK 43.00n/a3
Nov ’26NOK 36.30
NOK 44.67
+23.05%
5.28%NOK 48.00NOK 43.00n/a3
Oct ’26NOK 38.00
NOK 44.33
+16.67%
5.92%NOK 48.00NOK 42.00n/a3
Sep ’26NOK 37.00
NOK 42.33
+14.41%
10.62%NOK 48.00NOK 37.00n/a3
Aug ’26NOK 38.35
NOK 41.33
+7.78%
11.57%NOK 48.00NOK 37.00n/a3
Jul ’26NOK 35.90
NOK 40.33
+12.35%
8.43%NOK 45.00NOK 37.00n/a3
Jun ’26NOK 36.15
NOK 41.50
+14.80%
8.60%NOK 45.00NOK 37.00n/a4
May ’26NOK 37.50
NOK 40.75
+8.67%
11.30%NOK 45.00NOK 34.00n/a4
Apr ’26NOK 34.60
NOK 37.67
+8.86%
13.77%NOK 45.00NOK 34.00n/a3
Mar ’26NOK 30.45
NOK 32.67
+7.28%
5.77%NOK 34.00NOK 30.00n/a3
Feb ’26NOK 27.50
NOK 29.67
+7.88%
1.59%NOK 30.00NOK 29.00n/a3
Jan ’26NOK 26.50
NOK 29.67
+11.95%
1.59%NOK 30.00NOK 29.00NOK 40.603
Dec ’25NOK 24.70
NOK 28.67
+16.06%
6.58%NOK 30.00NOK 26.00NOK 38.003
Nov ’25NOK 21.70
NOK 26.67
+22.89%
4.68%NOK 28.00NOK 25.00NOK 36.303
Oct ’25NOK 21.05
NOK 25.33
+20.35%
4.92%NOK 27.00NOK 24.00NOK 38.003
Sep ’25NOK 20.70
NOK 23.67
+14.33%
5.27%NOK 25.00NOK 22.00NOK 37.003
Aug ’25NOK 16.80
NOK 22.67
+34.92%
9.07%NOK 25.00NOK 20.00NOK 38.353
Jul ’25NOK 16.18
NOK 23.00
+42.15%
9.39%NOK 25.00NOK 20.00NOK 35.903
Jun ’25NOK 17.60
NOK 23.33
+32.58%
7.28%NOK 25.00NOK 21.00NOK 36.153
May ’25NOK 17.30
NOK 23.33
+34.87%
7.28%NOK 25.00NOK 21.00NOK 37.503
Apr ’25NOK 18.32
NOK 23.00
+25.55%
7.10%NOK 25.00NOK 21.00NOK 34.603
Mar ’25NOK 17.30
NOK 23.00
+32.95%
7.10%NOK 25.00NOK 21.00NOK 30.453
Feb ’25NOK 18.96
NOK 19.33
+1.97%
12.90%NOK 22.00NOK 16.00NOK 27.503
Jan ’25NOK 15.16
NOK 15.00
-1.06%
5.44%NOK 16.00NOK 14.00NOK 26.503
NOK 44.75
Fair Value
10.8% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/23 17:26
End of Day Share Price 2026/01/23 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Sats ASA is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Tomas HelgoDanske Bank
Ole WestgaardDNB Carnegie