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Sats ASA (SATS.OL)

NOK40.85 -1.05 (-2.51%)
NO OSL Consumer Cyclical Leisure
Address Nydalsveien 28 484
Oslo, NO
CEO Sondre Gravir
IPO 2019-12-13
ISIN NO0010863285

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Description

Operating across Norway, Sweden, Denmark, and Finland, Sats ASA specializes in providing fitness and training services. In addition to these offerings, the company supplies a range of products, including sportswear, exercise equipment, snack bars, and energy-boosting drinks. It manages a portfolio of 262 fitness centers, which operate under various brand names such as SATS, ELIXIA, Fresh Fitness, HiYoga, and Mentra. The firm was founded in 1995 and maintains its corporate headquarters in Oslo, Norway.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
NOK40.85 -1.05 (-2.51%)
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Volume Profile
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Liquidity & share structure
Average Volume
711.7K
Beta
0.84
Float Shares
110.58M
Free Float %
56.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.31% -0.94% -2.55% -0.71% +11.38% +5.25% +22.38% +291.26% +92.24% +93.92% +93.92%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
40.85
DCF (Unlevered) 307.75 +653.4%
DCF (Levered) 256.64 +528.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 67% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 3 0
Hold 2 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.11
Distress
Piotroski F-Score
7 / 9
Strong
MOAT Score
7 / 10
Strong MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Leisure: +7.6%
    +8.8% Q1'26: +6.3% (vs Q1'25)
  • EPS growth Leisure: +13.2%
    +47.2% Q1'26: +15.2% (vs Q1'25)
  • FCF margin FCF growth · Leisure: +30.4%
    +25.6% Q1'26: +30.1% (vs Q1'25)
  • EBIT margin Leisure: +11.0%
    +16.8% Q1'26: +14.9% (vs Q1'25)
  • ROIC Leisure: +6.9%
    +9.4% Q1'26: +9.5% (vs Q1'25)
  • Share dilution Leisure: +0.0%
    -1.2% Q1'26: -2.6% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Leisure: -0.39×
    3.11× Q1'26: 3.00× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.86) × ERP
WACC = 56% × Ke + 44% × Kd (5.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 305.56 Current price: 40.85
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
5 Rev. Ana.
6 EPS Ana.
Dec 2027
6 Rev. Ana.
6 EPS Ana.
Dec 2028
5 Rev. Ana.
5 EPS Ana.
Dec 2029
2 Rev. Ana.
1 EPS Ana.
Revenue
3.99B
est: 3.99B (+0.0%)
3.53B
est: 3.53B (+0.2%)
3.25B
est: 3.25B (-0.2%)
4.08B
est: 4.07B (+0.4%)
4.73B
est: 4.89B (-3.2%)
5.06B
est: 5.06B (+0.1%)
5.51B
est: 5.50B (+0.2%)
5.79B
5.73B – 5.91B
+5.3% YoY
6.15B
6.03B – 6.23B
+6.2% YoY
6.55B
6.55B – 6.55B
+6.5% YoY
7.08B
6.97B – 7.19B
+8.0% YoY
EBITDA
1.48B
est: 1.30B (+13.6%)
1.08B
est: 863.30M (+25.2%)
822.00M
est: 956.22M (-14.0%)
1.16B
est: 1.01B (+15.2%)
1.89B
est: 2.63B (-28.1%)
1.97B
est: 2.72B (-27.8%)
2.14B
est: 2.96B (-27.6%)
3.12B
3.09B – 3.18B
+5.3% YoY
3.31B
3.24B – 3.35B
+6.2% YoY
3.53B
3.53B – 3.53B
+6.5% YoY
3.81B
3.75B – 3.87B
+8.0% YoY
EBIT
500.00M
est: 203.24M (+146.0%)
36.00M
est: 462.84M (-92.2%)
-220.00M
est: 512.65M (-142.9%)
39.00M
est: 539.38M (-92.8%)
708.00M
est: 1.96B (-63.9%)
768.00M
est: 2.03B (-62.1%)
927.00M
est: 2.20B (-57.9%)
2.32B
2.30B – 2.37B
+5.3% YoY
2.46B
2.41B – 2.49B
+6.2% YoY
2.62B
2.62B – 2.62B
+6.5% YoY
2.83B
2.79B – 2.88B
+8.0% YoY
Net Income
187.00M
est: 241.95M (-22.7%)
-324.00M
est: 169.04M (-291.7%)
-452.00M
est: 187.24M (-341.4%)
-246.00M
est: 197.00M (-224.9%)
224.00M
est: 246.00M (-8.9%)
326.00M
est: 313.24M (+4.1%)
474.00M
est: 473.30M (+0.1%)
569.69M
548.73M – 642.18M
+20.4% YoY
674.03M
613.59M – 765.98M
+18.3% YoY
817.16M
661.24M – 982.08M
+21.2% YoY
956.46M
937.15M – 976.33M
+17.0% YoY
SGA
129.00M
est: 144.94M (-11.0%)
152.00M
est: 2.16B (-93.0%)
166.00M
est: 2.39B (-93.1%)
167.00M
est: 2.52B (-93.4%)
110.00M
est: 161.20M (-31.8%)
119.00M
est: 166.73M (-28.6%)
143.00M
est: 181.21M (-21.1%)
190.87M
188.92M – 194.60M
+5.3% YoY
202.70M
198.55M – 205.27M
+6.2% YoY
215.93M
215.92M – 215.93M
+6.5% YoY
233.12M
229.50M – 236.85M
+8.0% YoY
EPS
1.52
est: 1.18 (+29.1%)
-1.90
est: -1.64 (-15.8%)
-2.65
est: -2.30 (-15.2%)
-1.25
est: -0.95 (-31.5%)
1.10
est: 1.20 (-8.7%)
1.59
est: 1.54 (+3.1%)
2.35
est: 2.33 (+0.9%)
2.88
2.70 – 3.16
+23.4% YoY
3.39
3.02 – 3.77
+18.0% YoY
3.98
3.26 – 4.84
+17.1% YoY
4.71
4.61 – 4.81
+18.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 B+ 3/5 4/5 5/5 4/5 1/5 3/5 1/5
2026-05-08 B+ 3/5 4/5 5/5 4/5 1/5 3/5 1/5
2026-05-07 B+ 3/5 4/5 5/5 4/5 1/5 3/5 1/5
2026-05-06 B+ 3/5 4/5 5/5 4/5 1/5 3/5 1/5
2026-05-05 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-05-04 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-30 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-29 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-28 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-27 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-24 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-23 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-22 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-21 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-20 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-17 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5
2026-04-16 B+ 3/5 4/5 5/5 5/5 1/5 3/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.32B
OE per share TTM
11.50
Owner's Yield
28.07%
Maintenance CapEx ratio
76.15%
Maint CapEx / Avg PPE
119.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 18 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Global X - MSCI Norway ETF NORW 0.34% 295.7K 0.50%
2 iShares MSCI Norway ETF ENOR 0.34% 314.9K 0.53%
3 Xtrackers MSCI Europe Small Cap UCITS ETF 1C XXSC.L 0.05% 1.70M 0.30%
4 iShares MSCI Europe Small-Cap ETF IEUS 0.05% 82.8K 0.41%
5 Avantis International Small Cap Equity ETF AVDS 0.03% 95.1K 0.30%
6 State Street SPDR MSCI Europe Small Cap Value Weighted UCITS ETF EUR Acc ZPRX.DE 0.03% 231.3K 0.30%
7 Dimensional - International Small Cap ETF DFIS 0.03% 1.57M 0.39%
8 iShares Currency Hedged MSCI EAFE Small-Cap ETF HSCZ 0.02% 45.3K 0.83%
9 iShares MSCI EAFE Small-Cap ETF SCZ 0.02% 2.73M 0.40%
10 BMO MSCI EAFE Small-Mid Cap Index ETF ZESM.TO 0.02% 45.6K 0.40%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
110.3K
Shares Outstanding
196.06M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Sondre Gravir Chief Executive Officer 12M male
Cecilie Elde Chief Financial Officer 6M female
Karolina Gutke Country Manager of Sweden 5M female
Thorbjorn Milling Country Manager of Denmark 4M
Wenche Evertsen Country Manager of Norway 4M female
Elli Holappa Country Manager Finland 2M
Mia Lund Hanusek Chief Marketing & Communication Officer female
Gaute Sandal Chief Digital Officer male
Stine Klund IR Manager
Torodd Goystdal Chief People & Operations Officer male
Ellen Marie Vanberg Chief Product Officer female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits