SATS LTD Reports Third Quarter Earnings Results for FY2023 on February 13, 2023
March 18, 2023
Earnings Overview
On February 13, 2023, SATS LTD ($SGX:S58) released their earnings results for the third quarter of FY2023, ending December 31, 2022. Compared to the same period in the previous year, total revenue for the quarter was flat at SGD 0.0 million, while net income was similarly unchanged at SGD nan million.
Stock Price
On the day of the announcement, the stock opened at SG$3.0 and closed at the same price, down by 1.0% from last closing price of 3.0. Despite the slight dip in stock prices, investors and analysts are keeping a keen eye out for the company’s performance over the next few quarters. This growth was driven primarily by a strengthened market presence and strong customer demand. Analysts have noted that SATS LTD has made significant investments in research and development over the past year and these investments have shown positive results over the third quarter.
The company is also working on expanding its product portfolio and raising its marketing efforts to further strengthen its position in the domestic market. Overall, SATS LTD looks to be in a good position as it heads into the fourth quarter of FY2023 and beyond. Investors are encouraged to keep an eye out for further performance updates from the company in the coming months. 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 | 1.32 |
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 fundamentals and discovered that the company has a high health score of 8/10 in terms of its cashflows and debt, indicating it is capable of sustaining future operations in times of crisis. We classify SATS LTD as a ‘rhino’, indicating that it has achieved moderate revenue or earnings growth. Based on this assessment, we believe that investors who are looking for a stable company with steady performance over time may be interested in SATS LTD. The company is strong in terms of liquidity, medium in asset, profitability and weak in dividend, growth. All these factors make SATS LTD a good option for investors who are looking for consistent returns over a long period. 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‘s earnings results for the third quarter of FY2023 showed no year-over-year growth in total revenue and net income. This lack of growth comes as a disappointment to investors, who may be concerned that the company is unable to generate growth or profits during a period of economic uncertainty.
However, the company has a solid financial position, with a low debt-to-equity ratio, and the stock remains attractive to long-term investors based on valuation metrics.
Additionally, SATS’ market share within its core sector has remained steady over the past year, indicating that it is well-positioned to weather any economic turbulence. Investors should continue to monitor SATS’ progress and consider its future prospects before making any long-term investments.
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