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Sats

DB:2S0
Snowflake Description

Undervalued with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2S0
DB
NOK3B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Sats ASA, through its subsidiaries, provides fitness and training services in Norway, Sweden, and Finland. The last earnings update was 3 days ago. More info.


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  • Sats has significant price volatility in the past 3 months.
2S0 Share Price and Events
7 Day Returns
13.5%
DB:2S0
-6.9%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-
DB:2S0
-48.1%
DE Hospitality
-20.9%
DE Market
2S0 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sats (2S0) 13.5% -39.2% -39.2% - - -
DE Hospitality -6.9% -31.2% -57.5% -48.1% -63.2% -70.6%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • No trading data on 2S0.
  • No trading data on 2S0.
Price Volatility
Industry
5yr Volatility vs Market

2S0 Value

 Is Sats undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Sats to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sats.

DB:2S0 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:2S0
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 23%) (206.77%))
1.688
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.69
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.688 * 5.44%)
8.79%

Discounted Cash Flow Calculation for DB:2S0 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sats is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:2S0 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NOK, Millions) Source Present Value
Discounted (@ 8.79%)
2020 652.00 Analyst x2 599.30
2021 821.00 Analyst x2 693.64
2022 885.50 Analyst x2 687.66
2023 853.59 Est @ -3.6% 609.30
2024 831.05 Est @ -2.64% 545.27
2025 814.72 Est @ -1.96% 491.34
2026 802.57 Est @ -1.49% 444.89
2027 793.24 Est @ -1.16% 404.18
2028 785.86 Est @ -0.93% 368.05
2029 779.83 Est @ -0.77% 335.70
Present value of next 10 years cash flows NOK5,179.00
DB:2S0 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NOK779.83 × (1 + -0.39%) ÷ (8.79% – -0.39%)
NOK8,458.21
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NOK8,458.21 ÷ (1 + 8.79%)10
NOK3,641.13
DB:2S0 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NOK5,179.00 + NOK3,641.13
NOK8,820.13
Equity Value per Share
(NOK)
= Total value / Shares Outstanding
= NOK8,820.13 / 170.00
NOK51.88
DB:2S0 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:2S0 represents 0.08579x of OB:SATS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.08579x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 51.88 x 0.08579
€4.45
Value per share (EUR) From above. €4.45
Current discount Discount to share price of €1.36
= -1 x (€1.36 - €4.45) / €4.45
69.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Sats is available for.
Intrinsic value
>50%
Share price is €1.36 vs Future cash flow value of €4.45
Current Discount Checks
For Sats to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sats's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sats's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sats's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sats's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2S0 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in NOK NOK1.52
OB:SATS Share Price ** OB (2020-04-03) in NOK NOK15.9
Germany Hospitality Industry PE Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 21.1x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Sats.

DB:2S0 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:SATS Share Price ÷ EPS (both in NOK)

= 15.9 ÷ 1.52

10.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sats is good value based on earnings compared to the DE Hospitality industry average.
  • Sats is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Sats's expected growth come at a high price?
Raw Data
DB:2S0 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
26.2%per year
Europe Hospitality Industry PEG Ratio Median Figure of 63 Publicly-Listed Hospitality Companies 0.96x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

DB:2S0 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.48x ÷ 26.2%

0.4x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sats is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Sats's assets?
Raw Data
DB:2S0 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in NOK NOK7.19
OB:SATS Share Price * OB (2020-04-03) in NOK NOK15.9
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 1.73x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:2S0 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:SATS Share Price ÷ Book Value per Share (both in NOK)

= 15.9 ÷ 7.19

2.21x

* Primary Listing of Sats.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sats is overvalued based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Sats's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Sats has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

2S0 Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
26.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sats expected to grow at an attractive rate?
  • Sats's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Sats's earnings growth is expected to exceed the Germany market average.
  • Sats's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:2S0 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:2S0 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 26.2%
DB:2S0 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 5.2%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 28.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:2S0 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2S0 Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 4,640 1,785 379 3
2021-12-31 4,427 1,677 318 3
2020-12-31 4,140 1,466 191 3
2020-04-06
DB:2S0 Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-12-31 3,987 1,345 187
2019-09-30 3,805 612 19
2019-06-30 3,619 562 41
2019-03-31 3,439 499 22
2018-12-31 3,259 1,173 -6
2017-12-31 3,250 443 146

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sats's earnings are expected to grow significantly at over 20% yearly.
  • Sats's revenue is expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:2S0 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Sats Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2S0 Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 2.23 2.34 2.12 2.00
2021-12-31 1.87 2.04 1.69 2.00
2020-12-31 1.12 1.76 0.48 2.00
2020-04-06
DB:2S0 Past Financials Data
Date (Data in NOK Millions) EPS *
2019-12-31 1.52
2019-09-30 0.17
2019-06-30 0.36
2019-03-31 0.19
2018-12-31 -0.05
2017-12-31 1.30

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Sats is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Sats's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sats has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

2S0 Past Performance

  How has Sats performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sats's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sats has delivered over 20% year on year earnings growth in the past 5 years.
  • Sats has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Sats has become profitable in the last year making it difficult to compare the DE Hospitality industry average.
Earnings and Revenue History
Sats's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sats Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2S0 Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 3,987.00 187.00 129.00
2019-09-30 3,805.14 19.35 1,014.65
2019-06-30 3,618.80 40.91 1,014.65
2019-03-31 3,438.97 21.63 1,014.65
2018-12-31 3,259.00 -6.00 111.00
2017-12-31 3,250.06 145.53 1,050.96
2016-12-31 3,110.41 -72.32 1,046.87
2015-12-31 2,882.14 2.29 955.52

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Sats has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sats used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Sats has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sats's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Sats has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

2S0 Health

 How is Sats's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Sats's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sats's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Sats's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Sats's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sats Company Filings, last reported 3 months ago.

DB:2S0 Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,223.00 1,301.00 165.00
2019-09-30 -111.00 1,788.00 219.00
2019-06-30 -659.33 1,814.35 252.41
2019-03-31 1,062.62 1,855.69 357.22
2018-12-31 761.00 1,847.00 357.00
2017-12-31 1,034.74 1,775.62 249.12
2016-12-31 898.80 1,722.32 124.05
2015-12-31 927.01 1,853.74 204.11
  • Sats's level of debt (106.4%) compared to net worth is high (greater than 40%).
  • Unable to establish if Sats's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (103.4%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Sats's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sats has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

2S0 Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Sats dividends. Estimated to be 12.29% next year.
If you bought €2,000 of Sats shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Sats's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Sats's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:2S0 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 11.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:2S0 Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 2.10 3.00
2021-12-31 1.98 3.00
2020-12-31 1.78 3.00
2020-04-06

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Sats has not reported any payouts.
  • Unable to verify if Sats's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Sats's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Sats has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Sats's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sats afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sats has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

2S0 Management

 What is the CEO of Sats's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sondre Gravir
AGE 42
CEO Bio

Mr. Sondre Gravir served as CEO of Schibsted Marketplaces from 2017 to October 2018. Mr. Gravir served as the Executive Vice President of Europe - Established Sites at Schibsted ASA since November 2015 and served as its Chief Executive Officer of Aftenposten AS from January 1, 2012 to November 2015. He has also worked as a management consultant in McKinsey. Mr. Gravir was the Chief Executive Officer at Bergens Tidende AS. He was a Consultant of Aftenposten from 2003 and 2004. From January 2008 to October 2008, he served as Chief Financial Officer and Chief Executive Officer of regional media house Stavanger Aftenblad. He has been an Independent Director of Norwegian Air Shuttle ASA since May 8, 2018. He is a Board Member of Frende Skadeforsikring AS. He served as a Member of Supervisory Board at DNB ASA until January 1, 2016 and served as Member of Supervisory Board DNB Bank ASA until January 1, 2016. He served as a Board Member of Finn.no AS from 2008 to 2009. He has experience from several Schibsted boards internationally both as chairman and board member, and has also had board appointments in Fædrelandsvennen. Mr. Gravir holds a Master of Science in Economics and Business Administration from the Norwegian School of Economics (NHH) and selected MBA courses in international finance and business from the National University of Singapore. Mr. Gravir serves as Chief Executive Officer at Sats Asa.

CEO Compensation
  • Insufficient data for Sondre to compare compensation growth.
  • Insufficient data for Sondre to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Sondre Gravir

TITLE
Chief Executive Officer
AGE
42

Cecilie Elde

TITLE
Chief Financial Officer

Anna Raftheim

TITLE
Human Resource Director

Christian Øvregaard

TITLE
Chief Digital Officer

Wenche Martinussen

TITLE
Chief Commercial Officer
AGE
51

John Stubban

TITLE
Country Manager of SATS Norway

Linda-Li Cederroth

TITLE
Country Manager of SATS Sweden

Jussi Raita

TITLE
Country Manager of Finland

Jakob Hansen

TITLE
Country Manager of Denmark
Board of Directors

Hugo Maurstad

TITLE
Chairman of the Board
AGE
54

Eivind Roald

TITLE
Director

Rebekka Herlofsen

TITLE
Director
AGE
49

Søren Kristiansen

TITLE
Director
AGE
54

Siren Sundby

TITLE
Director
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Sats's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sats has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

2S0 News

Simply Wall St News

2S0 Company Info

Description

Sats ASA, through its subsidiaries, provides fitness and training services in Norway, Sweden, and Finland. It operates approximately 250 fitness clubs under the SATS, ELIXIA, Fresh Fitness, and HiYoga brands. The company was founded in 1995 and is headquartered in Oslo, Norway. Sats ASA is a subsidiary of SATS Group AS.

Details
Name: Sats ASA
2S0
Exchange: DB
Founded: 1995
NOK237,834,297
170,000,000
Website: http://www.satsgroup.com
Address: Sats ASA
Nydalsveien 28,
Oslo,
Oslo, 0484,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB SATS Common Shares Oslo Bors NO NOK 23. Oct 2019
DB 2S0 Common Shares Deutsche Boerse AG DE EUR 23. Oct 2019
BATS-CHIXE SATSO Common Shares BATS 'Chi-X Europe' GB NOK 23. Oct 2019
Number of employees
Current staff
Staff numbers
2,283
Sats employees.
Industry
Leisure Facilities
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 05:54
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/04/03
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.