SATS Ltd (SPASF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of SATS Ltd $3.15, price $3.00, upside +4.9%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? No
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SATS Ltd
SPASF · USLow PriorityQuality growthFair Value upside is limited and quality is weak.
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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 24, 2026.
How to read this chart
60‑month range $1.67 – $3.84 · fair‑value band $2.05 – $4.02 · the $3.00 price screens below the $3.15 fair value. Dashed = 300-day average. As of Sep 24, 2026.
Company profile
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 (SPASF) currently trades at $3.00, while our model-based Fair Value estimate is $3.15, so the stock looks roughly fairly valued today (gap 4.6%).
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Valuation
Bull case: the DCF Models group reads highest at a median of $6.13 per share, and 15 of the 26 models we run sit above the $3.00 price.
Bear case: the Dividend Discount group reads lowest at $0.6600, and 11 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: $2.05 (bear) to $4.02 (bull), the price of $3.00 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 48/100 (below-average 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 +93.5%/yr from FY2022.
Key figures
Market cap $4.5B · P/E ratio 20.0 · P/S ratio 0.90 · EPS (TTM) $0.1500 · Dividend yield 2.3% · 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 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 32% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −13% fair-value upside, at 5%, SPASF screens cheaper than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 48 · Market factors (momentum, volatility) 62
Revenue & earnings trend
Growth Forecast
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Compare SATS Ltd with another stock
Price, fair value, quality and upside side by side.
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 · 51 stocks
Valuation Multiplesvs Airports & Air Services median · lower = cheaper
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Industrials
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Airports & Air Services stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Aena S.M.E., S.A AENA | €25.60 | €28.16 | +10% |
| Airports of Thailand Public Company AOT | 62.25 THB | 54.20 THB | −13% |
| GMR Airports Limited GMRINFRA | ₹97.57 | ₹22.29 | −77% |
| Shanghai International Airport Co 600009 | ¥22.46 | ¥24.71 | +10% |
| Auckland International Airport Limited AIA | A$6.87 | A$3.33 | −52% |
| Flughafen Zürich AG FHZN | CHF 196.40 | CHF 127.42 | −35% |
| Københavns Lufthavne A/S KBHL | kr 5,520 | kr 1,891 | −66% |
| Fraport AG FRA | €62.00 | €35.02 | −44% |
| Flughafen Wien Aktiengesellschaft, FLU | €53.40 | €58.74 | +10% |
| Corporación América Airports S.A CAAP | $26.00 | $31.84 | +22% |
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Frequently asked questions
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Key figures of SATS Ltd
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