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SATS Valuation Multiples

Discover SATS's revenue and EBITDA valuation multiples and M&A history, alongside public comparables like Corporación América Airports, AAR, Grupo OMA, Vienna International Airport and more.

SATS Overview

About SATS

SATS Ltd is a Singapore-based provider of ground-handling and in-flight catering services for air transportation in Asia and Australia. Additionally, it offers food distribution and logistics, industrial catering, and other amenities for hospitality and government agencies. The company has three reportable segments: food solutions (segment by revenue), gateway services, and others. The company has partnerships with multiple airlines to provide catering during flights and offers experience in planning airline menus, institutional catering, linen, and laundry to improve the airline's appearance. Gateway services cover the gamut of procedures airports must handle for each passenger. Baggage, ramp handling, passenger services, and terminal management are all offered to customers.


Founded

1972

HQ

Singapore

Employees

52.5K

Financials (LTM)

Revenue: $5B
EBITDA: $900M

EV

$7B

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SATS Financials

SATS reported last 12-month revenue of $5B and EBITDA of $900M.

In the same LTM period, SATS generated $786M in gross profit, $900M in EBITDA, and $228M in net income.

Revenue (LTM)


SATS P&L

In the most recent fiscal year, SATS reported revenue of $5B and EBITDA of $985M.

SATS is profitable as of last fiscal year, with gross margin of 17%, EBITDA margin of 20%, and net margin of 4%.

See analyst estimates for SATS
LTMLast FY202320242025202620272028
Revenue$5B$5B$3B$4B$5B
Gross Profit$786M$864M$824M$810M$834M
Gross Margin16%17%24%18%17%
EBITDA$900M$985M$564M$862M$967M
EBITDA Margin18%20%17%19%20%
EBIT Margin9%9%4%7%8%
Net Profit$228M$223M$28M$154M$215M
Net Margin5%4%1%3%4%
Net Debt-$1B---

Financial data powered by Morningstar, Inc.

SATS Stock Performance

SATS has current market cap of $5B, and enterprise value of $7B.

Market Cap Evolution


SATS's stock price is $3.09.

SATS share price increased by 2.4% in the last 30 days, and by 29.7% in the last year.

SATS has an EPS (earnings per share) of $0.15.

See more trading valuation data for SATS
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$7B$5B2.5%2.4%11.5%29.7%$0.15

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SATS Valuation Multiples

SATS trades at 1.4x EV/Revenue multiple, and 8.0x EV/EBITDA.

See NTM and 2027E valuation multiples for SATS

EV / Revenue (LTM)


SATS Financial Valuation Multiples

As of June 3, 2026, SATS has market cap of $5B and EV of $7B.

SATS has a P/E ratio of 20.0x.

LTMLast FY202320242025202620272028
EV/Revenue1.4x1.5x2.1x1.6x1.5x
EV/EBITDA8.0x7.3x12.8x8.4x7.5x
EV/EBIT16.9x17.0x53.9x22.1x17.5x
EV/Gross Profit9.2x8.3x8.7x8.9x8.6x
P/E20.0x20.4x163.6x29.6x21.2x
EV/FCF17.9x13.4x39.2x15.8x13.5x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified SATS Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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SATS Margins & Growth Rates

SATS grew revenue by 3% but EBITDA decreased by 7% in the last fiscal year.

In the most recent fiscal year, SATS reported gross margin of 17%, EBITDA margin of 20%, and net margin of 4%.

See estimated margins and future growth rates for SATS

SATS Margins

Last FY202420252026202720282029
Gross Margin17%18%17%41%
EBITDA Margin20%19%20%18%
EBIT Margin9%7%8%8%
Net Margin4%3%4%5%
FCF Margin11%10%11%9%

SATS Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth3%31%10%5%
Gross Profit Growth187%(2%)3%149%
EBITDA Growth(7%)53%12%(4%)
EBIT Growth1%144%26%4%
Net Profit Growth13%452%40%14%
FCF Growth(22%)148%17%(16%)

Data powered by FactSet, Inc. and Morningstar, Inc.

SATS Operational KPIs

SATS's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.

SATS's Rule of 40 is 23% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

SATS's Rule of X is 30% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for SATS
LTMLast FY202320242025202620272028
Rule of 4022%23%---
Bessemer Rule of X27%30%---
Revenue per Employee-$0.1M---
Opex per Employee-$0.0M---
Opex to Revenue-9%21%11%9%

Data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Corporación América Airports2.4x2.3x6.6x6.4x
AAR1.9x1.6x16.3x13.2x
Grupo OMA5.9x5.7x9.4x8.9x
Vienna International Airport3.7x3.7x9.7x10.0x
VSE3.8x3.0x23.0x17.4x
Athens International5.5x5.7x9.6x9.6x
TravelSky1.3x1.2x3.5x3.3x
Clear Secure5.6x5.1x19.2x16.6x

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Acquisitions by SATS

SATS has acquired 3 companies to date.

Last acquisition by SATS was on September 28th 2022. SATS acquired Worldwide Flight Services for $2B (EV/Revenue multiple available to Pro users).

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Latest Acquisitions by SATS

Worldwide Flight Services
Monty’s Bakehouse
GTR
Description
Worldwide Flight Services is a Paris-headquartered ground handling provider operating at airports across Europe, North America, Asia-Pacific, and the Middle East. The company delivers cargo handling, baggage services, ramp handling, and premium passenger assistance including VIP lounges and executive aviation support. It serves major airlines such as Emirates, Delta Air Lines, and American Airlines through stations in 27 countries. Acquired by Platinum Equity in 2015 and later by SATS Group in 2022, Worldwide Flight Services maintains a workforce exceeding 20,000 employees focused on aviation logistics.
Monty’s Bakehouse is a UK-based producer of premium hand-held snacks headquartered in Barnsley. The company supplies pasties, sausage rolls, and pies to travel sectors including airports, railway stations, and motorway services. Its products use hand-laminated pastry and fillings like steak and ale or chicken tikka masala, meeting British Retail Consortium standards. Monty’s Bakehouse delivers to major chains such as WH Smith and Moto Hospitality across England.
GTR is a ground-handling services provider for airlines, encompassing ramp operations, cargo handling, baggage services, load control, and flight operations. It manages check-in counters, special handling, and gate boarding at airports across Europe. Madrid-headquartered, GTR supports major carriers with efficient airport logistics and passenger services.
HQ CountryFranceUnited KingdomMalaysia
HQ City
Paris
Guildford
Sepang
Deal Date28 Sep 20222 Mar 202030 Oct 2017
Valuation$2B$34M$88M
EV/Revenue
EV/EBITDA

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About SATS

When was SATS founded?SATS was founded in 1972.
Where is SATS headquartered?SATS is headquartered in Singapore.
How many employees does SATS have?As of today, SATS has over 52K employees.
Who is the CEO of SATS?SATS's CEO is Tee Heong Kerry Mok.
Is SATS publicly listed?Yes, SATS is a public company listed on Singapore Exchange.
What is the stock symbol of SATS?SATS trades under S58 ticker.
When did SATS go public?SATS went public in 2000.
Who are competitors of SATS?SATS main competitors include Corporación América Airports, AAR, Grupo OMA, Vienna International Airport, VSE, Athens International, TravelSky, Clear Secure, ENAV, Airports Corporation of Vietnam.
What is the current market cap of SATS?SATS's current market cap is $5B.
What is the current revenue of SATS?SATS's last 12 months revenue is $5B.
What is the current revenue growth of SATS?SATS revenue growth (NTM/LTM) is 4%.
What is the current EV/Revenue multiple of SATS?Current revenue multiple of SATS is 1.4x.
What is the current EBITDA of SATS?SATS's last 12 months EBITDA is $900M.
What is SATS's EBITDA margin?SATS's last 12 months EBITDA margin is 18%.
What is the current EV/EBITDA multiple of SATS?Current EBITDA multiple of SATS is 8.0x.
What is the current FCF of SATS?SATS's last 12 months FCF is $403M.
What is SATS's FCF margin?SATS's last 12 months FCF margin is 8%.
What is the current EV/FCF multiple of SATS?Current FCF multiple of SATS is 17.9x.
How many companies SATS has acquired to date?As of June 2026, SATS has acquired 3 companies.
What was the largest acquisition by SATS?$2B acquisition of Worldwide Flight Services on 28th September 2022 was the largest M&A SATS has done to date.
What companies SATS acquired?SATS acquired Worldwide Flight Services, GTR, and Monty’s Bakehouse.
In how many companies SATS has invested to date?SATS hasn't invested in any companies yet (or none have been disclosed publicly).

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