SATS LTD. (S58) fair value: what the stock is really worth
We calculate from audited financials what SATS LTD. is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range 2.31 SGD – 4.83 SGD · fair‑value band 3.71 SGD – 6.90 SGD · the 3.91 SGD price screens below the 5.30 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
SATS Ltd., an investment holding company, provides gateway services and food solutions in Singapore, the Asia Pacific, the Americas, Europe, the Middle East, Africa, and internationally. It operates through three segments: Food Solutions, Gateway Services, and Others.
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SATS Ltd., an investment holding company, provides gateway services and food solutions in Singapore, the Asia Pacific, the Americas, Europe, the Middle East, Africa, and internationally. It operates through three segments: Food Solutions, Gateway Services, and Others. The Food Solutions segment offers inflight and institutional catering, food processing, distribution services, and airline laundry services. The Gateway Services segment provides airport services, which include airfreight handling services, passenger services, aviation security services, baggage handling services, and apron services, as well as cruise terminal services; and manages and operates marine bay cruise center. The Others segment offers rental and other services. The company also provides air cargo handling, travel retail, security, and passenger and private jet services; linen and laundry; training; food services-solution and distribution; and commercial, institutional, and aviation catering services. It serves airline, hospitality, healthcare, food, air transport, cruise, events, education, and government agencies; and airfreight and logistics industries. The company was formerly known as Singapore Airport Terminal Services Limited and changed its name to SATS Ltd. in July 2010. The company was incorporated in 1972 and is headquartered in Singapore.
Stock analysis
SATS LTD. (S58) currently trades at 3.91 SGD, while our model-based Fair Value estimate is 5.30 SGD, implying the stock looks roughly 26.2% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 8.50 SGD per share, and 15 of the 24 models we run sit above the 3.91 SGD price.
Bear case: the Asset-Based group reads lowest at 1.24 SGD, and 9 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 3.71 SGD (bear) to 6.90 SGD (bull), the price of 3.91 SGD sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 55/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
SATS LTD. reported revenue of 6.3B SGD in FY2026 versus 1.2B SGD in FY2022, a compound +52.4%/yr. Reported net income was 285M SGD in FY2026, compounding +93.4%/yr from FY2022.
Key figures
Market cap 6.6B SGD (≈ $5.2B) · P/E ratio 20.6 · P/S ratio 0.92 · EPS (TTM) 0.1900 SGD · Dividend yield 1.4% · Net margin 4.5% · Return on equity 10.7% · Return on assets (EBIT) 2.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
The share trades about 15% below its 52-week high and 31% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at 36%, S58 screens cheaper than that median.
Fair Value models
Bear 3.71 SGDFair Value 5.30 SGDBull 6.90 SGD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 5 months old). Earnings retained since then (0.0618 SGD per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+9.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+53.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+45.6%
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.1%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+95.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+93.8%
Dividend (yield on the price)1.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.18% vs −2%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.0% → 9%
2026 sits 91% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−4.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.5%
Yearly sales growth analysts expect, extended to five years.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Airports & Air Services · 54 stocks
Beats the industry median on 4/15 measures
Overall it trails its industry peers.
Valuation
Quality Score55 · Below median
Fair Value upside+4% · Below median
Profitability
Return on equity (TTM)11% · Below median
Return on assets4% · Below median
Net margin (TTM)4% · Below median
Operating margin (TTM)8% · Below median
Growth and dividend
Revenue growth9% · Above median
Dividend yield (TTM)1.4% · Bottom 25%
Balance sheet
Debt / equity0.77× · Highest 25%
Valuation Multiplesvs Airports & Air Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "SATS LTD. Fair Value". https://www.fairvalue-calculator.com/stock/S58
Frequently asked questions
Is SATS LTD. (S58) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 5.30 SGD versus a price of 3.91 SGD, about +36% upside (undervalued).
What is the fair value of S58?
Our model-based fair value for SATS LTD. is 5.30 SGD (as of Sep 13, 2026), built from audited fundamentals. The current price: 3.91 SGD.
What is the quality score of S58?
SATS LTD. has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for SATS LTD. (S58)?
Our model-based price target is the fair value of 5.30 SGD (as of Sep 13, 2026) from 24 valuation models. Cautious scenario 3.71 SGD, optimistic scenario 6.90 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the SATS LTD. stock forecast for 2026?
Our models put fair value at 5.30 SGD, about +36% upside versus a price of 3.91 SGD (undervalued). Cautious scenario 3.71 SGD, optimistic scenario 6.90 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of SATS LTD. (S58)?
SATS LTD. reported trailing-twelve-month revenue of about 6.3B SGD (latest available figure, as of Sep 13, 2026).
Does SATS LTD. pay a dividend?
SATS LTD. currently shows a dividend yield of about 1.41% relative to its recent price (as of Sep 13, 2026).
What growth is priced into SATS LTD. (S58)?
For today's price to be fair in a discounted-cash-flow model, SATS LTD. would have to grow free cash flow by -4.2 % per year for five years (discount rate 8.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +45.6 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of S58 use?
Our models discount SATS LTD. at 8.4 %: a base by market capitalisation (mid), damped by beta 0.55, country premium for Singapore. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For SATS LTD. that is -4.2 % per year a year over ten years, using the same discount rate (8.4 %) and the same formula as our fair value.
How much growth has SATS LTD. (S58) delivered so far?
Over the past 5 years revenue at SATS LTD. grew +45.6 % a year. The price currently implies -4.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of SATS LTD. (S58) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into SATS LTD. (-4.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of SATS LTD. (S58)?
The free-cash-flow yield on the price is 11.87 %: that much free cash flow SATS LTD. produces per unit of market value. When it exceeds the discount rate of our models (8.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of SATS LTD. (S58)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SATS LTD. it is 5.30 SGD per share (as of Sep 13, 2026), against a price of 3.91 SGD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is SATS LTD. stock overvalued or undervalued in 2026?
As of Sep 13, 2026, S58 trades below its calculated fair value: price 3.91 SGD, fair value 5.30 SGD, a gap of about +36% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of S58?
No. The price is what the market pays today (3.91 SGD); the fair value is what the company's own numbers justify (5.30 SGD). For SATS LTD. the two are 1.39 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is SATS LTD. worth?
The market values SATS LTD. at about 6.6B SGD (market capitalisation, as of Sep 13, 2026). Per share that is 3.91 SGD; our models calculate a fair value of 5.30 SGD per share.
What do the bullish and bearish scenarios say about S58?
Our models span a range for SATS LTD.: cautious scenario 3.71 SGD, base 5.30 SGD, optimistic 6.90 SGD per share (as of Sep 13, 2026, price 3.91 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of S58?
SATS LTD. trades at a price-to-earnings ratio of 20.6 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 5.30 SGD is built from several models across several years. Other multiples: PEG 1.1, P/B 1.9, P/S 0.8, EV/EBITDA 5.8.
What is the PEG ratio of S58?
The PEG ratio of SATS LTD. is 1.12 (P/E divided by earnings growth, as of Sep 13, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of SATS LTD. (S58)?
Balance-sheet figures for SATS LTD. (as of Sep 13, 2026): return on equity 10.7%, debt of 0.77 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is S58 from its 52-week high?
SATS LTD. trades at 3.91 SGD, about 15% below its 52-week high of 4.59 SGD and 31% above the low of 2.99 SGD (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 5.30 SGD is for.
Which stocks are comparable to SATS LTD.?
From the same area (Industrials) we also value Aena S.M.E., S.A, Airports of Thailand Public Company, Grupo Aeroportuario del Pacífico, S.A., GMR Airports Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is SATS LTD. stock attractive at the current price?
The data as of Sep 13, 2026: price 3.91 SGD, calculated fair value 5.30 SGD (+36%), Quality Score 55/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of S58 calculated?
We run SATS LTD. through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 5.30 SGD, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.8 % above its aggregate fair value. SATS LTD. currently trades 36 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What should I pay attention to with SATS LTD. right now?
Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (3.71 SGD to 6.90 SGD) leaves room in how you read the outcome.
Key figures of SATS LTD.
How large is the market capitalisation of SATS LTD. (S58)?
The market capitalisation of SATS LTD. is 6.6B SGD (≈ $5.2B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of SATS LTD. (S58)?
The price-to-sales ratio of SATS LTD. is 0.92 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of SATS LTD. (S58)?
Earnings per share at SATS LTD. are 0.1900 SGD (price ÷ EPS = P/E 20.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SATS LTD. (S58)?
The dividend yield of SATS LTD. is 1.4% (payout 28.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of SATS LTD. (S58)?
The net margin of SATS LTD. is 4.5% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of SATS LTD. (S58)?
The return on equity (ROE) of SATS LTD. is 10.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of SATS LTD. (S58)?
On an EBIT basis the return on assets of SATS LTD. is 2.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of SATS LTD. (S58)?
The operating margin of SATS LTD. is 8.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SATS LTD. (S58)?
Revenue at SATS LTD. is growing +8.9% versus a year earlier (3y avg +53.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at SATS LTD. (S58)?
Earnings per share at SATS LTD. are growing +23.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does SATS LTD. (S58) carry?
The net debt of SATS LTD. is 1.6B SGD (fiscal year 2026, ≈ 2.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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