Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Sats ASA is a Norway-based company and the leading provider of fitness and training services in the Nordic region. Headquartered in Oslo, it operates approximately 274 fitness clubs across Norway, Sweden, Denmark, and Finland under well-known brands including SATS, ELIXIA, Fresh Fitness, SATS Online, and SATS Yoga. The company delivers cutting-edge studio facilities for individual workouts, an extensive range of group training classes with superior programming, and services from highly qualified personal trainers for specialized coaching. Sats ASA also offers complementary products such as sportswear, fitness gear, energy bars, and drinks to enhance member experiences. With around 10,000 employees and over 733,000 members, it emphasizes flexibility through customizable packages, digital tools, and online training options to support members' needs. Sats ASA plays a significant role in the leisure and recreation sector, particularly gyms, fitness, and spa centers, driving health and wellness trends across Scandinavia with a focus on innovation and trend research. Founded in 1995, it generates substantial revenue from personal services, with sales distributed across its key markets.
NOK 3.71
NOK 0.08 (-2.24%)
EOD Jul 1, 2026
16.17% operating margin is respectable but not wide. ROIC at 8.61%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 8.8%, steady but not accelerating.
Even for strong businesses, today's 2x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
1.5x earnings, 0.4x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
NOK 5.60B
▲ +8.8% YoY
Net Income (TTM)
NOK 487M
▲ +45.7% YoY
Op. Margin
16.42%
▲ +1.5pp YoY
ROIC
8.61%
▲ +1.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
NOK 1.80B
▲ +6.4% YoY
Op. Cash Flow (TTM)
NOK 2.08B
▲ +6.6% YoY
Net Debt
NOK 6.18B
Cash & Equiv.
NOK 486M
3Y CAGR: +10.5%
3Y CAGR: +29.0%
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At a P/E of 1.5 and a price-to-free-cash-flow of 0.4, Sats Asa (SATS.XOSL) trades below a two-stage DCF intrinsic value of about NOK 425.67 per share, so at NOK 3.71 the stock looks undervalued (11,373.7% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Sats Asa scores 76/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 17.2%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about NOK 425.67 per share for SATS.XOSL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around NOK 319.26. At today's NOK 3.71, that puts the stock about 11,373.7% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Sats Asa scores 76 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 16.4% operating margin and a 8.6% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Sats Asa pays a regular dividend of about NOK 0.64 per share per year (typically in quarterly installments), a yield of roughly 17.2% at the current price. That is a payout ratio of about 26.1% of earnings, so the dividend is amply covered by earnings. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For SATS.XOSL's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. SATS.XOSL currently trades below its estimated intrinsic value and scores 76/100 on quality (solid). It also yields about 17.2%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.