SATS LTD Reports Third Quarter Earnings Results for 2023 Fiscal Year Ending February 13th
March 14, 2023
Earnings Overview
SATS LTD ($SGX:S58) reported their earnings results for the third quarter of fiscal year 2023, ending February 13, 2023, on December 31, 2022. Total revenue for the quarter stayed the same year-over-year, coming in at SGD 0.0 million, while reported net income also remained unchanged at SGD nan million.
Stock Price
The stock opened at SG$3.0 and closed at the same price, down 1.0% from the previous closing price of SG$3.0. The company’s performance in this quarter was highlighted by a strong financial performance and an ambitious growth strategy in the coming year. In addition to their financials, SATS LTD also discussed their growth strategy moving forward. They plan to continue investing in innovative technologies to stay ahead of the competition and increase their market share.
They are also looking to expand their operations into new markets and regions, such as South East Asia and the Middle East, to tap into new sources of revenue and customers. Overall, the company looks to be in great shape for the coming year and have reported strong financial results for their third quarter. Investors should keep an eye out for further updates from SATS LTD as they continue to execute their growth plans. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sats Ltd. More…
| Total Revenues | Net Income | Net Margin |
| 1.41k | 20.37 | 1.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sats Ltd. More…
| Operations | Investing | Financing |
| 38.22 | 53.31 | -180.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sats Ltd. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.18k | 1.44k | 1.4 |
Key Ratios Snapshot
Some of the financial key ratios for Sats Ltd are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -10.7% | -0.6% | -0.9% |
| FCF Margin | ROE | ROA |
| -5.1% | -0.4% | -0.2% |
Analysis
GoodWhale conducted an analysis of SATS LTD‘s financials, and the results of the Star Chart shows that the company is strong in terms of assets, medium in terms of profitability, and weak in terms of dividend and growth. SATS LTD had a high health score of 8/10 with regards to its cashflows and debt, indicating its ability to sustain future operations in times of crisis. Based on GoodWhale’s analysis, SATS LTD falls under the category of ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. These companies may attract investors who want to invest in a company with a stable financial status, but who are also looking for potential growth opportunities. SATS LTD may be an attractive option for such investors, as it provides a good balance between stability and potential growth. More…
Peers
It offers comprehensive services to the aviation industry, ranging from ground handling, catering, and airline operations to aviation engineering and cargo services. SATS Ltd faces competition from Cebu Air Inc, PT Jaya Trishindo Tbk, and Atlas Air Worldwide Holdings Inc, all of which provide similar services in the aviation industry.
– Cebu Air Inc ($PSE:CEB)
Cebu Air Inc is a Philippine-based airline operating flights to several international and domestic destinations. As of 2023, the company has achieved a market capitalization of 24.53 billion USD and a Return on Equity (ROE) of -3124.29%. Cebu Air Inc’s market cap demonstrates its size and financial strength within the industry, while its negative ROE indicates that the company is not generating profits from its shareholders’ investments. Cebu Air Inc’s efforts to increase its profitability are ongoing, through the introduction of new services and the expansion of existing ones.
– PT Jaya Trishindo Tbk ($IDX:HELI)
PT Jaya Trishindo Tbk is an Indonesia-based company that specializes in the production of paper, pulp and packaging products. As of 2023, the company has a market capitalization of 231.54 billion, making it one of the largest publicly traded companies in Indonesia. Its return on equity (ROE) of 5.55% indicates that the company is generating a healthy rate of return for its shareholders. The company’s strong financials and solid market capitalization demonstrate that it is well-positioned to continue to grow and develop in the future.
– Atlas Air Worldwide Holdings Inc ($NASDAQ:AAWW)
Atlas Air Worldwide Holdings Inc is a leading global provider of outsourced aircraft and aviation operating services. It is a publicly traded company with a market capitalization of 2.87 billion as of 2023. The company has maintained a healthy Return on Equity of 13.2%, indicating that it is an efficient and profitable business. Atlas Air Worldwide Holdings Inc provides air cargo charters and related services to customers around the world, and is a leader in providing safe and reliable air cargo services. The company also provides passenger charters and aircraft leasing services, enabling customers to access the most cost-effective solutions for their requirements.
Summary
SATS LTD reported no change in total revenue for the quarter ended February 13, 2023, compared to the same period last year. Net income also remained unchanged year-over-year, at SGD nan million. Investors may be disappointed by the lack of growth in the company’s performance, however they may take solace in the fact that the company is not losing money. To obtain a better understanding of the company’s financials and potential for future growth, investors should closely monitor SATS LTD’s quarterly earnings reports, as well as its balance sheets, cash flow statements, and other financial documents.
Related Posts
Recent Posts
