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SATS
(OTC:S58)
SATS (S58) vs. iShares MSCI Singapore ETF (EWS)
SATS Business Overview & Revenue Model
SATS Earnings Call Summary
SATS Financial Statement Overview
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.82B | 5.15B | 1.76B | 1.18B | 970.00M |
| Gross Profit | 951.50M | 1.73B | 354.37M | 195.40M | 187.50M |
| EBITDA | 1.17B | 800.80M | 105.22M | 92.48M | 41.69M |
| Net Income | 243.80M | 56.40M | -26.51M | 20.37M | -78.93M |
Balance Sheet | |||||
| Total Assets | 8.88B | 8.48B | 4.67B | 3.29B | 3.09B |
| Cash, Cash Equivalents and Short-Term Investments | 694.00M | 659.00M | 374.46M | 786.04M | 879.85M |
| Total Debt | 4.24B | 4.10B | 1.48B | 837.84M | 873.43M |
| Total Liabilities | 6.11B | 5.92B | 2.16B | 1.46B | 1.39B |
| Stockholders Equity | 2.59B | 2.38B | 2.33B | 1.60B | 1.55B |
Cash Flow | |||||
| Free Cash Flow | 669.40M | 326.50M | -39.85M | -15.67M | 56.22M |
| Operating Cash Flow | 891.10M | 512.10M | 79.55M | 62.32M | 117.75M |
| Investing Cash Flow | -100.80M | 68.00M | -1.83B | 31.11M | -28.38M |
| Financing Cash Flow | -765.20M | -292.00M | 1.34B | -189.30M | 239.52M |
SATS Technical Analysis
SATS Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $9.01B | 7.31 | 28.14% | 6.75% | 7.88% | 58.71% | |
79 Outperform | S$21.85B | 8.09 | 17.47% | 5.52% | 2.77% | 3.88% | |
68 Neutral | €2.72B | 19.17 | 7.73% | 2.90% | -1.49% | -31.61% | |
66 Neutral | S$3.08B | 14.61 | 8.14% | 9.91% | 15.36% | 16.55% | |
65 Neutral | S$4.58B | 19.13 | 9.89% | 1.95% | 12.54% | 332.80% | |
63 Neutral | $3.63B | 25.84 | 8.24% | 0.62% | 13.79% | 44.05% | |
60 Neutral | $7.16B | 45.99 | 2.48% | 0.92% | 26.60% | ― |
SATS Corporate Events
SATS Ltd. announced that its wholly-owned subsidiary, World Flight Services, Inc., has issued US$100 million in fixed rate notes due 2030 under its multicurrency debt issuance programme. This strategic financial move, coordinated by MUFG Securities EMEA plc, is part of SATS’ broader efforts to strengthen its financial position and support its operational capabilities, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (SG:S58) stock is a Buy with a S$4.26 price target. To see the full list of analyst forecasts on SATS stock, see the SG:S58 Stock Forecast page.
SATS Ltd. has announced that its wholly-owned subsidiary, World Flight Services, Inc., has launched and priced US$100,000,000 worth of fixed-rate notes due in 2030, as part of its US$3,000,000,000 multicurrency debt issuance programme. The issuance, which is guaranteed by SATS Ltd., aims to refinance existing borrowings without increasing the Group’s overall debt, thereby maintaining its financial stability and potentially enhancing its market position.
The most recent analyst rating on (SG:S58) stock is a Buy with a S$4.26 price target. To see the full list of analyst forecasts on SATS stock, see the SG:S58 Stock Forecast page.
SATS Ltd. is undergoing changes in its Board and Board Committees, with the retirement of Mr. Chia Kim Huat and the stepping down of Mr. Achal Agarwal as part of a renewal process. These changes are in line with the Singapore Exchange’s guidelines for maintaining board effectiveness and independence. The company expresses gratitude for the contributions of Mr. Chia and Mr. Agarwal, acknowledging their roles in the company’s success.
The most recent analyst rating on (SG:S58) stock is a Buy with a S$4.26 price target. To see the full list of analyst forecasts on SATS stock, see the SG:S58 Stock Forecast page.
SATS Ltd. announced a significant investment of over S$250 million to upgrade and transform its capabilities at Changi Airport. This investment aims to enhance ground operations and cargo handling infrastructure, with S$150 million allocated for renewing and expanding the ground support equipment fleet over five years and S$100 million for enhancing cargo operations over two years. These initiatives are expected to improve operational reliability, safety, and efficiency, supporting increased cargo volumes and the future expansion of Changi Airport. The investment underscores SATS’ commitment to the Changi ecosystem and highlights the strategic importance of the Singapore Air Hub to its global business operations.
The most recent analyst rating on (SG:S58) stock is a Buy with a S$3.60 price target. To see the full list of analyst forecasts on SATS stock, see the SG:S58 Stock Forecast page.
SATS Ltd. has appointed Sandeep Sakharkar as Chief Digital Officer to spearhead its global digitalization efforts. With a strong background in digital transformation across various industries, Sandeep will lead the integration of advanced technologies such as data analytics, automation, and AI into SATS’ operations. This strategic move follows SATS’ acquisition of WFS and aims to enhance supply chain performance and customer experience, reinforcing SATS’ commitment to innovation and its leadership position in the industry.
SATS Ltd has secured a S$500 million loan facility to refinance its existing debt, aligning with its strategy to reduce leverage without increasing overall debt. The company has also repaid S$300 million in medium-term notes using internal funds, which will decrease its annual interest expenses by S$8.36 million, reflecting a strong financial management approach.
SATS Ltd. announced that its subsidiary, World Flight Services, Inc., has issued US$100,000,000 in fixed rate notes due in 2028 as part of its US$3,000,000,000 multicurrency debt issuance programme. This move, guaranteed by SATS Ltd., is aimed at strengthening its financial position and supporting its strategic initiatives. DBS Bank Ltd. and Industrial and Commercial Bank of China Limited, Singapore Branch, are involved in the issuance as lead manager and co-manager, respectively.
The Port Authority of New York and New Jersey, in collaboration with Realterm and Worldwide Flight Services, has inaugurated a new $270 million cargo terminal at John F. Kennedy International Airport. This facility, the first of its kind at JFK in 30 years, aims to streamline operations by consolidating four cargo zones into one, thereby reducing congestion and enhancing JFK’s status as a key hub for global trade. The terminal is expected to bolster the local economy by supporting over 93,000 jobs and generating $11.4 billion in economic activity annually, while also improving service for industries reliant on high-value cargo such as pharmaceuticals and electronics.
SATS Ltd. announced a leadership transition with the appointment of Timothy Tang as the new Group Chief Financial Officer (CFO), effective after the upcoming AGM. This move is part of SATS’ ongoing succession planning and leadership renewal efforts to support its growth ambitions. Timothy Tang brings extensive experience in finance and leadership roles from his previous positions, including his role as CFO at DFS Group. The current CFO, Manfred Seah, will transition to a Special Advisor role, continuing to contribute to critical projects within the company.
SATS Ltd. announced the pricing of US$100 million in fixed rate notes due 2028, issued through its subsidiary World Flight Services, Inc. This issuance is part of a larger US$3 billion multicurrency debt issuance program. The notes, which carry a 4.578% interest rate, are aimed at refinancing existing borrowings, potentially impacting the company’s financial flexibility and market positioning. DBS Bank Ltd. is leading the issuance, with the Industrial and Commercial Bank of China Limited, Singapore Branch as co-manager.
Worldwide Flight Services (WFS), a SATS company, has secured a five-year cargo handling contract with Emirates SkyCargo at Frankfurt Airport, enhancing its existing partnership with the airline. This strategic agreement highlights WFS’s role in supporting Emirates’ operations, particularly at Frankfurt, a major cargo hub in Europe, and underscores the company’s investment in pharmaceutical handling capabilities and expertise in managing time-sensitive cargo.
SATS-Creuers Cruise Services Pte Ltd will lead a significant upgrade of the Marina Bay Cruise Centre Singapore (MBCCS) starting in the first quarter of 2025. This S$40 million project aims to enhance passenger experience by expanding facilities to accommodate larger cruise ships and increasing capacity from 6,800 to 11,700 passengers. The Singapore Tourism Board has extended SATS-Creuers’ operator agreement for up to ten years, reflecting confidence in the company’s ability to manage the upgraded terminal. The improvements will include a new check-in area, updated amenities, and a larger Ground Transport Area to improve accessibility and passenger flow.