SATS Ltd. (SPASF) Stock Analysis
Educational signal · not a buy or sell recommendation · How to read this
P/E 20.58 means the share price is 20.58 times one year of earnings per share; the S&P 500 usually sits near 20-25. Market cap $4.87B is the value of all shares combined.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 16, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerSATS Ltd. (SPASF) trades at $3.30. SATS Ltd. provides gateway services and food solutions to the airline, hospitality, healthcare, and logistics industries. Market cap: $4.87B, Sector: Industrials.
Price as of Sep 11, 2026 · Last analyzed: Mar 16, 2026Analyst Coverage for SPASF: SPASF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates SPASF against Industrials peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
These figures come from statements filed 12 months ago — the most recent this company has published.
No score published: this stock trades under $10,000 on a typical day, so the price beside it is not one you could reliably act on.
SPASF: 1/2 scored disciplines lean bullish. Dominant signal: Ray Dalio bullish.
How is this calculated? →AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
SATS Ltd. (SPASF) Industrial Operations Profile
SATS Ltd. is a Singapore-based provider of gateway services and food solutions, serving airlines, hospitality, and logistics sectors. With operations spanning Singapore, Japan, and other international markets, SATS manages airport services, food processing, and distribution, positioning itself as a key player in the aviation support industry.
What Is the Investment Thesis for SPASF?
With a market capitalization of $4.87B and a P/E ratio of 20.58, SATS demonstrates financial stability. The company's growth is underpinned by increasing air travel and cargo volumes, particularly in the Asia-Pacific region. SATS's expansion into new markets and service offerings, such as enhanced food solutions and digital airport services, could drive future revenue growth. A dividend yield of 1.53% provides a steady income stream for investors. However, potential risks include economic downturns affecting air travel and increasing competition from other service providers.
Based on FMP financials and quantitative analysis
SPASF Key Highlights
Market Cap of $4.87B indicates a strong market presence and investor confidence.
- P/E ratio of 20.58 suggests a reasonable valuation compared to earnings.
- Profit Margin of 4.4% reflects the company's ability to generate profit from its revenue.
- Gross Margin of 99.6% indicates efficient cost management in its operations.
- Dividend Yield of 1.53% provides a steady income stream for investors.
Who Are SPASF's Competitors?
SPASF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| ACDVF Air Canada | $20.23 | +0.20% | $5.81B | — |
| AFRAF Air France-KLM S.A. | $14.17 | 0.00% | $3.72B | — |
| CYJBY Hiab Oyj | $36.30 | 0.00% | $4.69B | — |
| DKSHF DKSH Holding AG | $76.47 | 0.00% | $4.97B | — |
| FLIDY FLSmidth & Co. A/S | $9.20 | 0.00% | $4.99B | — |
| EIFZF Exchange Income Corporation | $87.85 | +1.23% | $4.95B | 589-signal |
| OMAB Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | $98.13 | -1.23% | $4.74B | 925-pillar |
| ALK Alaska Air Group, Inc. | $41.16 | +2.62% | $4.59B | 375-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance This table mixes two scoring engines — compare a number only with others carrying the same tag.
What Are SPASF's Key Strengths?
Comprehensive service offerings (food and gateway services).
- Strong presence in Singapore and expanding internationally.
- Established relationships with key industry players.
- Reputation for quality and reliability.
What Are SPASF's Weaknesses?
Reliance on the aviation industry, making it vulnerable to downturns.
- Profit margin could be improved.
- Limited diversification beyond aviation-related services.
- Exposure to fluctuations in fuel prices and labor costs.
What Could Drive SPASF Stock Higher?
Expansion of gateway services in high-growth Asia-Pacific markets.
- Implementation of digital technologies to enhance airport operations.
- Potential strategic partnerships and acquisitions to expand service offerings.
- Development of innovative and customized catering services.
- Implementation of sustainability initiatives to attract environmentally conscious customers.
What Are the Key Risks for SPASF?
Financial-distress signal — its Altman Z-Score of 1.49 sits in the distress zone (elevated bankruptcy risk).
- Economic downturns affecting air travel and cargo volumes.
- Increasing competition from other service providers in the aviation support industry.
- Geopolitical instability and security threats impacting air travel.
- Regulatory changes and environmental concerns affecting operations.
- Fluctuations in fuel prices and labor costs impacting profitability.
What Are the Growth Opportunities for SPASF?
- Expansion in Asia-Pacific: The Asia-Pacific region is experiencing rapid growth in air travel and cargo volumes. SATS can capitalize on this trend by expanding its gateway services and food solutions in key markets such as China, India, and Southeast Asia. This expansion could involve establishing new facilities, forming strategic partnerships, and offering customized services to meet local market needs. The market size for aviation support services in the Asia-Pacific region is projected to reach $100 billion by 2030.
- Digitalization of Airport Services: Implementing digital technologies to enhance airport operations presents a significant growth opportunity. SATS can invest in solutions such as automated baggage handling, biometric passenger screening, and real-time data analytics to improve efficiency, reduce costs, and enhance the passenger experience. The market for digital airport services is expected to grow at a CAGR of 8% over the next five years, reaching $20 billion by 2029.
- Strategic Partnerships and Acquisitions: SATS can pursue strategic partnerships and acquisitions to expand its service offerings and geographic reach. Collaborating with airlines, airports, and technology providers can enable SATS to offer integrated solutions and access new markets. Acquiring companies with complementary capabilities can strengthen SATS's competitive position and accelerate its growth. The timeline for realizing these opportunities is ongoing, with potential deals emerging regularly.
- Enhancement of Food Solutions: SATS can further develop its food solutions segment by offering innovative and customized catering services to airlines, hospitals, and other institutions. This includes developing menus that cater to diverse dietary needs, implementing sustainable sourcing practices, and leveraging technology to optimize food production and distribution. The market for institutional catering is projected to grow at a CAGR of 5% over the next five years.
- Sustainability Initiatives: Implementing sustainable practices across its operations can enhance SATS's reputation and attract environmentally conscious customers. This includes reducing carbon emissions, minimizing waste, and conserving water. SATS can invest in renewable energy sources, implement recycling programs, and adopt eco-friendly packaging materials. The demand for sustainable aviation services is growing, with airlines increasingly seeking partners who can help them reduce their environmental impact. This is an ongoing opportunity.
What Are SPASF's Competitive Advantages?
- Established relationships with key players in the aviation industry.
- Comprehensive service offerings spanning gateway services and food solutions.
- Strategic location in Singapore, a major aviation hub.
- Strong reputation for quality and reliability.
What Does SPASF Do?
SATS Ltd., originally incorporated in 1972 as Singapore Airport Terminal Services Limited, evolved into an investment holding company focusing on gateway services and food solutions. Headquartered in Singapore, SATS has expanded its reach to Japan and other international markets. The company operates through three segments: Food Solutions, Gateway Services, and Others. The Food Solutions segment provides inflight and institutional catering, food processing, distribution services, and airline laundry services. The Gateway Services segment offers airport services, including airfreight handling, passenger services, aviation security, baggage handling, apron services, and cruise terminal management. The company also manages the marine bay cruise center. The Other segment provides rental and other related services. SATS serves a diverse clientele, including airlines, hospitality providers, healthcare facilities, food service establishments, educational institutions, government agencies, and airfreight and logistics companies. Its comprehensive service offerings position SATS as a critical support infrastructure provider within the aviation and related industries.
What Products and Services Does SPASF Offer?
- Provides inflight and institutional catering services.
- Offers food processing and distribution services.
- Manages airline laundry services.
- Provides airfreight handling services.
- Offers passenger services and aviation security services.
- Handles baggage and apron services.
- Manages and operates marine bay cruise centers.
- Provides air cargo, travel retail, and private jet services.
How Does SPASF Make Money?
- Generates revenue through food solutions, including catering and distribution.
- Earns income from gateway services, such as airfreight and passenger handling.
- Derives revenue from other services like rental and security.
- Contracts with airlines, hospitality, healthcare, and logistics companies.
What Industry Does SPASF Operate In?
SATS Ltd. operates within the airlines, airports, and air services industry, which is experiencing growth driven by increasing global travel and trade. The industry is competitive, with players like ACDVF (Acciona S.A.), AFRAF (Air France-KLM), CYJBY (Cathay Pacific Airways Ltd.), DKSHF (DKSH Holding Ltd.), and FLIDY (Fraport AG Frankfurt Airport Services Worldwide) vying for market share. SATS differentiates itself through its comprehensive service offerings, including both gateway services and food solutions. The industry is also influenced by technological advancements, such as automation and digitalization, which SATS is adopting to enhance efficiency and service quality.
Who Are SPASF's Key Customers?
- Airlines requiring inflight catering and ground handling services.
- Hospitals and healthcare facilities needing institutional catering.
- Hotels and hospitality providers seeking food and laundry services.
- Airfreight and logistics companies requiring cargo handling.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● Latest filing 164 days ago
- ● No analyst coverage
- ● Reported in SGD, converted to USD
MoonshotScore History
Recorded daily since 2026-08-23 · 19 snapshots
| 2026-08-23 | 56 |
| 2026-08-26 | 56 |
| 2026-08-29 | 56 |
| 2026-09-01 | 56 |
| 2026-09-04 | 56 |
| 2026-09-07 | 56 |
| 2026-09-10 | 56 |
What changed?
The score has stayed at 56.
Over the same 18 days the stock moved +0.0%.
SATS Ltd. Financial Trajectory
SATS Ltd. (SPASF) reported $1.28B in revenue for Q4 FY2026, a decline of 1.2% compared to the prior quarter. The company recorded net income of $38.0M, with diluted EPS of $0.03. Quarter-over-quarter revenue has been mixed, typical for a mid-cap company operating in Industrials. Across the four most recent quarters, SPASF averaged $0.04 in diluted EPS.
Company Profile
SATS Ltd. operates in the General Transportation industry within the Industrials sector. It is headquartered in Singapore, SG. The company is led by CEO Tee Heong Mok. SPASF has traded publicly since 2010.
How SATS Ltd. Is Valued
SATS Ltd. carries a market capitalization of $4.87B, placing it in the mid-cap category.
Key Financial Metrics
Return on equity for SATS Ltd. stands at 10.6%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 3.1%, showing how much profit it generates from its asset base. SPASF trades at a trailing price-to-earnings ratio of 20.58, below the Industrials sector average of ~28.00x. Its free cash flow yield is 13.1%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.97 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 4.9%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
SATS Ltd.'s Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 1.49 places it in the distress zone, a signal of elevated financial risk.
Earnings Track Record
SATS Ltd. has beaten Wall Street's EPS estimate in 5 of its last 6 reported quarters — a consistent record of delivering on expectations. Reported results have landed about 100.6% above estimates on average.
SPASF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2026
Bull Case vs Bear Case
Bull Case
- Comprehensive service offerings (food and gateway services).
- Strong presence in Singapore and expanding internationally.
- Established relationships with key industry players.
- Reputation for quality and reliability.
Bear Case
- Reliance on the aviation industry, making it vulnerable to downturns.
- Profit margin could be improved.
- Limited diversification beyond aviation-related services.
- Exposure to fluctuations in fuel prices and labor costs.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q4 FY2026 | $1.28B | $38M | $0.03 |
| Q3 FY2026 | $1.30B | $69M | $0.04 |
| Q2 FY2026 | $1.24B | $62M | $0.04 |
| Q1 FY2026 | $1.19B | $56M | $0.04 |
Q4 FY2026 · filed 31 Mar 2026 · Financial Modeling Prep
Based on FMP financials and quantitative analysis · Converted to USD from SGD at today's rate
SPASF Latest News
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SATS Ltd. (SPASY) Q1 2027 Earnings Call Prepared Remarks Transcript
seekingalpha.com · Aug 20, 2026
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Oakmark International Small Cap Strategy Q2 2026 Portfolio Update
seekingalpha.com · Aug 15, 2026
SPASF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for SPASF.
Price Targets
Wall Street price target analysis for SPASF.
SPASF MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for SPASF; grades run from A+ (80-100) to F (below 30).
Leadership: Tee Heong Mok
CEO
Tee Heong Mok serves as the CEO of SATS Ltd., managing a workforce of 52,000 employees. His career reflects extensive experience in the aviation and service industries. However, his leadership role at SATS indicates a strong understanding of the complexities of airport services, food solutions, and international operations.
Track Record: As CEO, Tee Heong Mok is responsible for the strategic direction and overall performance of SATS Ltd. Key achievements and milestones under his leadership include expanding the company's presence in international markets, enhancing its service offerings through innovation and technology, and navigating the challenges posed by fluctuations in the aviation industry. Specific details and metrics regarding his track record are not available in the provided data.
SPASF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that SATS Ltd. (SPASF) may have limited regulatory oversight and reporting requirements compared to companies listed on major exchanges like the NYSE or NASDAQ. Companies in this tier often have minimal financial disclosure, making it difficult for investors to assess their financial health and operational performance. Investing in OTC Other stocks carries higher risks due to the lack of transparency and regulatory scrutiny.
- OTC Tier: OTC Other
- Limited financial disclosure increases the risk of investing in SPASF.
- Low trading volume can lead to price volatility and difficulty in executing trades.
- The OTC Other tier has less regulatory oversight, increasing the potential for fraud or mismanagement.
- Wider bid-ask spreads can result in higher transaction costs.
- Lack of analyst coverage and institutional interest may limit price appreciation.
- Verify the company's registration and legal status.
- Review any available financial statements and disclosures.
- Assess the company's business model and competitive landscape.
- Evaluate the management team and their track record.
- Understand the risks associated with investing in OTC stocks.
- Monitor trading volume and price volatility.
- Consult with a financial advisor before investing.
- Established operations in Singapore, Japan, and internationally.
- Serving reputable clients in the airline, hospitality, and healthcare industries.
- History of providing gateway services and food solutions since 1972.
- Market capitalization of $4.87B suggests a significant market presence.
- Dividend yield of 1.53% indicates a commitment to returning value to shareholders.
SATS Ltd. Industrials Stock: Key Questions Answered
Is SPASF a good stock?
Stock Expert AI does not rate SPASF buy, sell or hold. SATS Ltd. has no MoonshotScore yet; read the financial checkup, analyst consensus and risks directly. Whether it fits is your call: check what it sells, whether it earns, what the price assumes, and what would prove you wrong.
What does SATS Ltd. do?
SATS Ltd. operates as a comprehensive provider of gateway services and food solutions, primarily serving the aviation industry and related sectors.
What are the key factors to evaluate for SPASF?
Evaluate SPASF on fundamentals, analyst consensus, and risk factors. P/E: 20.58x vs the S&P 500's ~20-25x. With a market capitalization of $4.87B and a P/E ratio of 20.58, SATS demonstrates financial stability. Not financial advice.
How frequently does SPASF data refresh on this page?
SPASF's price was last updated on Sep 11, 2026 and refreshes on page view during U.S. market hours; the quote is a provider snapshot, not an exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven SPASF's recent stock price performance?
SATS Ltd. (SPASF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Comprehensive service offerings (food and gateway services). See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider SPASF overvalued or undervalued right now?
SATS Ltd. (SPASF) trades at 20.58x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Can I buy fractional shares of SPASF?
Yes, most major brokerages offer fractional shares of SATS Ltd. (SPASF) with no minimum purchase requirement. This means you can invest any dollar amount regardless of the share price. Check your brokerage platform for specific terms, fees, and fractional share availability.
How can I track SPASF's earnings and financial reports?
SATS Ltd. (SPASF) reports quarterly earnings approximately 4-6 weeks after each fiscal quarter ends. You can track earnings dates, revenue and EPS estimates, and actual results on this page's Financials tab. Earnings surprises (beats or misses) often cause significant short-term price moves. Your brokerage can send alerts for SPASF earnings announcements.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is based on available information and may be subject to change.