Market Cap
S$3.5b
Last Updated
2020/10/22 12:38 UTC
Data Sources
Company Financials +
Executive Summary
SATS Ltd., an investment holding company, provides gateway services and food solutions in Singapore, Japan, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet with reasonable growth potential.
Share Price & News
How has SATS's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: S58 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.0%
S58
-1.4%
SG Infrastructure
-1.3%
SG Market
1 Year Return
-37.3%
S58
-16.7%
SG Infrastructure
-21.4%
SG Market
Return vs Industry: S58 underperformed the SG Infrastructure industry which returned -16.7% over the past year.
Return vs Market: S58 underperformed the SG Market which returned -21.4% over the past year.
Shareholder returns
| S58 | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.0% | -1.4% | -1.3% |
| 30 Day | 13.4% | -3.1% | 0.9% |
| 90 Day | 10.2% | -2.5% | -3.4% |
| 1 Year | -36.5%-37.3% | -14.0%-16.7% | -17.1%-21.4% |
| 3 Year | -27.1%-33.1% | -19.0%-26.3% | -19.9%-29.6% |
| 5 Year | -3.7%-17.6% | -3.8%-17.4% | -6.4%-23.4% |
Price Volatility Vs. Market
How volatile is SATS's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
At S$3.09, Is It Time To Put SATS Ltd. (SGX:S58) On Your Watch List?3 weeks ago | Simply Wall St
Have Insiders Been Buying SATS Ltd. (SGX:S58) Shares?1 month ago | Simply Wall St
How Much Did SATS'(SGX:S58) Shareholders Earn From Share Price Movements Over The Last Year?Valuation
Is SATS undervalued compared to its fair value and its price relative to the market?
49.91x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: S58 (SGD3.13) is trading above our estimate of fair value (SGD1.48)
Significantly Below Fair Value: S58 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: S58 is poor value based on its PE Ratio (49.9x) compared to the XA Infrastructure industry average (16.7x).
PE vs Market: S58 is poor value based on its PE Ratio (49.9x) compared to the SG market (13.2x).
Price to Earnings Growth Ratio
PEG Ratio: S58 is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: S58 is overvalued based on its PB Ratio (2.2x) compared to the XA Infrastructure industry average (0.9x).
Next Steps
Future Growth
How is SATS forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
103.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: S58's forecast earnings growth (103.6% per year) is above the savings rate (2.2%).
Earnings vs Market: S58's earnings (103.6% per year) are forecast to grow faster than the SG market (21.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: S58's revenue (17.7% per year) is forecast to grow faster than the SG market (6.7% per year).
High Growth Revenue: S58's revenue (17.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: S58's Return on Equity is forecast to be low in 3 years time (7.9%).
Next Steps
Past Performance
How has SATS performed over the past 5 years?
-3.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: S58 has a large one-off loss of SGD18.6M impacting its June 30 2020 financial results.
Growing Profit Margin: S58's current net profit margins (4.2%) are lower than last year (12.9%).
Past Earnings Growth Analysis
Earnings Trend: S58's earnings have declined by 3.2% per year over the past 5 years.
Accelerating Growth: S58's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: S58 had negative earnings growth (-70.7%) over the past year, making it difficult to compare to the Infrastructure industry average (-14.1%).
Return on Equity
High ROE: S58's Return on Equity (4.4%) is considered low.
Next Steps
Financial Health
How is SATS's financial position?
Financial Position Analysis
Short Term Liabilities: S58's short term assets (SGD1.3B) exceed its short term liabilities (SGD663.5M).
Long Term Liabilities: S58's short term assets (SGD1.3B) exceed its long term liabilities (SGD770.3M).
Debt to Equity History and Analysis
Debt Level: S58's debt to equity ratio (31.9%) is considered satisfactory.
Reducing Debt: S58's debt to equity ratio has increased from 6.5% to 31.9% over the past 5 years.
Debt Coverage: S58's debt is not well covered by operating cash flow (18.4%).
Interest Coverage: S58's interest payments on its debt are well covered by EBIT (35.7x coverage).
Balance Sheet
Next Steps
Dividend
What is SATS current dividend yield, its reliability and sustainability?
1.88%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate S58's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate S58'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 S58's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if S58's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: S58 is not paying a notable dividend for the SG market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of S58's dividend in 3 years as they are not forecast to pay a notable one for the SG market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.8yrs
Average management tenure
CEO
Alex Hungate (53 yo)
6.75yrs
Tenure
S$2,955,066
Compensation
Mr. Alexander Charles Hungate, also known as Alex, has been the Chief Executive Officer and President of SATS Ltd., since January 1, 2014 and has been its Executive Director since July 27, 2011. Mr. Hungat ...
CEO Compensation Analysis
Compensation vs Market: Alex's total compensation ($USD2.18M) is about average for companies of similar size in the SG market ($USD2.13M).
Compensation vs Earnings: Alex's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.75yrs | S$2.96m | 0.32% SGD 11.1m | |
| Chief Financial Officer | 3.08yrs | no data | no data | |
| Senior Vice President of Technology | 6.17yrs | no data | no data | |
| Senior VP of Legal & Secretariat | 8.25yrs | no data | no data | |
| Vice President of Public Affairs & Branding | no data | no data | no data | |
| Senior Vice President of Sales & Marketing | 4.75yrs | no data | no data | |
| Chief Human Capital Officer | 8.5yrs | no data | no data | |
| Chairman of Food Solutions | 20.67yrs | S$1.07m | 0% SGD 0 | |
| Chief Executive Officer of Gateway Services | 13.75yrs | no data | no data | |
| Senior Vice President of Integrated Supply Chain | 7yrs | no data | no data | |
| Senior Vice President of Institutional Catering | 5.33yrs | no data | no data | |
| Chief Operating Officer of Singapore Food Solutions | 6.25yrs | no data | no data |
6.8yrs
Average Tenure
60.5yo
Average Age
Experienced Management: S58's management team is seasoned and experienced (6.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.75yrs | S$2.96m | 0.32% SGD 11.1m | |
| Independent Non-Executive Director | 5.58yrs | S$117.69k | 0.0014% SGD 47.9k | |
| Independent Non-Executive Chairman | 4.25yrs | S$254.55k | 0.0077% SGD 268.3k | |
| Independent Non-Executive Director | 4.25yrs | S$118.70k | 0.0014% SGD 48.2k | |
| Independent Non-Executive Director | 4.5yrs | S$133.38k | 0.0043% SGD 148.5k | |
| Independent Non-Executive Director | 1.75yrs | S$67.24k | 0.00066% SGD 23.1k | |
| Independent Non-Executive Director | 3.58yrs | S$109.25k | 0.0014% SGD 50.3k | |
| Independent Non-Executive Director | 4.08yrs | S$107.35k | 0.0038% SGD 133.1k | |
| Independent Non Executive Director | 7yrs | S$134.36k | 0.0015% SGD 54.1k | |
| Independent Non-Executive Director | 3.5yrs | S$119.16k | 0.0014% SGD 47.2k |
4.3yrs
Average Tenure
63.5yo
Average Age
Experienced Board: S58's board of directors are considered experienced (4.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: S58 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 Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: SATS Ltd.
- Ticker: S58
- Exchange: SGX
- Founded: 1972
- Industry: Airport Services
- Sector: Transportation
- Market Cap: S$3.493b
- Shares outstanding: 1.12b
- Website: https://www.sats.com.sg
Number of Employees
Location
- SATS Ltd.
- 20 Airport Boulevard
- SATS Inflight Catering Centre 1
- Singapore
- 819659
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| S58 | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | May 2000 |
| SPAS.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | May 2000 |
| W1J | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | May 2000 |
Biography
SATS Ltd., an investment holding company, provides gateway services and food solutions in Singapore, Japan, and internationally. It operates in three segments: Food Solutions, Gateway Services, and Others. ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/22 12:38 |
| End of Day Share Price | 2020/10/22 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/03/31 |
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.