1. Norway Stocks

  2. •

    Consumer Cyclical

  3. •

    Leisure
Sats ASA

Sats ASA

SATS.OL
Sats ASANO flagOslo Stock Exchange
41.40
NOK
+0.35
- -
7.99BMarket Cap
Sats ASA
SATS.OL
(Oslo Stock Exchange)

Recent

price

41.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
18.66
19.5
29.02
32.36
20.71
19
20.73
23.31
24.77
27.28
25.98
Revenue per Share
-0.43
0.87
-0.05
1.52
-1.9
-2.65
-1.25
1.1
1.59
2.35
1.97
Basic EPS, GAAP
0.67
1.73
8.68
8.77
5.17
4.03
4.19
7.83
8.15
8.78
7.6
Free Cash Flow per Basic Share
- -
- -
- -
8.38
- -
- -
- -
- -
- -
0.63
- -
Dividend per Share
-0.18
-8.98
-13.45
-22.58
-9.4
-12.03
-11.36
-9.88
-8.22
-7.08
-7
Book Value per Share
-9.87
-11.29
-14.35
-10.08
-9.91
-12.21
-8.78
-7.92
-6.44
-6
-5.72
Tangible Book Value per Share
167
167
112
123
171
171
197
203
204
202
204
Basic Weighted Avg Shares
3,110
3,250
3,259
3,987
3,534
3,247
4,082
4,734
5,064
5,509
5,293
Sales/Revenue/Turnover
6.57
11.25
16.2
12.84
2.55
-6.93
0.51
12.82
14.67
16.17
15.51
Operating Margin (%)
194
160
1,004
972
1,123
1,042
1,120
1,177
1,198
1,217
1,196
Depreciation Expense
-72
146
-6
187
-325
-452
-246
224
326
474
402
Net Income, GAAP
- -
20.79
116.67
24.29
- -
- -
- -
28.43
24.88
22.89
23.86
Effective Tax Rate (%)
-2.32
4.48
-0.18
4.69
-9.2
-13.92
-6.03
4.73
6.44
8.6
7.59
Profit Margin (%)
-628
-990
-902
-1,241
-992
-1,304
-1,240
-1,353
-1,401
-1,386
-1,221
Working Capital
1,546
4,831
4,736
4,814
6,105
5,722
5,636
5,730
5,530
5,669
5,649
LT Debt
899
736
761
1,223
886
483
859
1,019
1,344
1,455
1,500
Total Equity
- -
6.79
-1.46
6.12
- -
- -
- -
5.93
7.32
8.72
7.89
Return on Invested Capital (%)
- -
7.54
-1.21
11.3
- -
- -
- -
11.31
12.16
14.2
13.09
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
971
973
985
LT Borrowings
1,440
1,427
1,458
LT Finance Leases
4,090
4,100
4,191
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
204
202
202
Market Capitalization
5,417
6,821
7,415

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
952
930
957
Cash, Cash Equivalents & STI
348
383
405
Accounts Receivable, Net
159
142
135
Inventories
53
54
59
Total Current Liabilities
2,353
2,312
2,178
Payables & Accruals
- -
- -
- -
ST Debt
971
973
985
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
18.23%
8.26%
Free Cash Flow
- -
20.35%
6.42%
Net Income, GAAP
- -
-21.32%
45.4%
Sales/Revenue/Turnover
- -
9.87%
8.79%
Total Cash Common Dividend
- -
- -
-87.69%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,294
1,266
1,194
1,311
5,064
2025
1,395
1,393
1,428
- -
5,509
2026
1,483
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.38
0.5
0.35
0.37
1.59
2025
0.46
0.8
0.61
- -
2.35
2026
0.54
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.63
2026
0.67
- -
- -
- -
- -
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Business
Sats ASA operates fitness clubs and provides training services across the Nordic region. The company offers studio facilities for individual strength and cardio training; group training classes with specialized programming; personal training and coaching services; online training and digital tools for remote support; and retail products including sportswear, fitness gear, bars, and energy drinks. It operates under the SATS, ELIXIA, Fresh Fitness, SATS Online, and SATS Yoga brands, serving 719,000 members through 274 clubs in Norway, Sweden, Denmark, and Finland. Founded in 1995 and headquartered in Oslo, Norway, Sats ASA employs approximately 8,400 people in the leisure and recreation sector. In 2025, the company completed a NOK 100 million share buyback program, repurchasing 2.5 million shares, or 1.23% of its outstanding shares, at an average price of NOK 36.63; it also reported Q3 2025 EBITDA growth of 13% year-over-year to NOK 192 million, driven by higher member activity and group training frequency.