Based on SATS’ FY2025 results for the 12 months to March 31, the group had shareholders funds of $2,768.9 million, and intangibles of $3,467.4 million.
SATS has underperformed the average of the more than 600 stocks on the Singapore Exchange (SGX) and the Straits Times Index (STI). Based on Bloomberg data, the average gain of all the stocks is around 22% since the start of the year. The average gain for the STI year to date including dividends is around 19%.
In the meantime, in the same time period, SATS’ share price has fallen by 9%. A first glance through Bloomberg data shows that SATS doesn’t have a book value.

