profit from every NOK 100 of sales.
NOK 0NOK 100
Sats
NOK 45.65-0.33% today
+10.0% in 1 year
1-year low NOK 38.601-year high NOK 46.95
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay NOK 18.50 for every NOK 1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Sats sold, what it kept, and what it did with the cash.
Sales went from NOK 4.08 billion in 2022 to NOK 5.51 billion in 2025, with NOK 474 million of profit last year.
SalesProfit
Sats handed back 22% of the cash it generated last year.
Buybacks NOK 267MNOK 127M
Free cash flow 2025NOK 1.8B
Bought back its own sharesNOK 267M
Paid as dividendsNOK 127M
Cash vs. debtNOK 486M vs. NOK 6.7B
Sats vs. similar companies
Sats grows the slowest of these 5 and is priced in the middle for its profits.
| Company | Profit from NOK 100 of sales | Sales growth a year | Price per NOK 1 of profit |
|---|---|---|---|
| Sats | 18.5× · Fair price | ||
 Oriental Land | 50.4× · Expensive | ||
 Carnival Corporation & | 13.2× · Cheap | ||
 ANTA Sports Products | 13.7× · Cheap | ||
 BANDAI NAMCO Holdings | 34.2× · Expensive |
AI analysis
An AI analyst reads Sats's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of NOK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 4,082 | 4,734 | 5,064 | 5,509 | |
| 3,920 | 4,597 | 4,921 | 5,363 | |
| 21 | 607 | 743 | 891 | |
| 1,159 | 1,885 | 1,966 | 2,144 | |
| -246 | 224 | 326 | 474 | |
| -1.25 | 1.10 | 1.59 | 2.34 | |
| 96.0% | 97.1% | 97.2% | 97.3% | |
| 0.5% | 12.8% | 14.7% | 16.2% | |
| -6.0% | 4.7% | 6.4% | 8.6% |
Balance sheet
| In millions of NOK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 8,675 | 8,983 | 9,284 | 9,639 |
| Cash | 323 | 259 | 348 | 486 |
| Total debt | 6,524 | 6,676 | 6,501 | 6,665 |
| Total liabilities | 7,816 | 7,964 | 7,940 | 8,184 |
| 859 | 1,019 | 1,344 | 1,455 | |
| 197 | 204 | 205 | 203 | |
| 0.4% | 7.2% | 7.6% | 8.9% | |
| -28.6% | 22.0% | 24.3% | 32.6% |
Cash flow
| In millions of NOK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 1,082 | 1,758 | 1,953 | 2,082 | |
| 256 | 167 | 287 | 309 | |
| 826 | 1,591 | 1,666 | 1,773 | |
| Dividends paid | – | – | – | 127 |
| 0 | 21 | 0 | 267 | |
| – | – | – | – |
Valuation
- 18.5×
- –
- –
- 5.5×
- 1.6×
- 4.9×
- 7.0×
- 20.2%
- 5.4%
- 1.4%
Profitability
- 97.3%
- 16.2%
- 8.6%
- –
- 8.9%
- 6.0%
- –
- –
- –
- –
Growth
- +10.5%
- –
- –
- –
- +1.0%
Financial health
- 2.9×
- 4.58
- –
- 3.0×
- 0.44
- –
- –
How it ranks in Consumer Discretionary
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 44%of 981
Top 20%of 995
Top 49%of 858
Top 40%of 996
Top 7%of 982
1.4%of the share price, paid each year
On $1,000 invested$14a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
26.8% of its profit
Room to growStretchedMore than it earns: 7.2%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
41No pass
Benjamin Graham
21No pass
Philip Fisher
54No pass
Peter Lynch
36No pass
Joel Greenblatt
35No pass
Charlie Munger
35No pass
Terry Smith
38No pass
Questions about Sats
Is Sats a good stock to buy?
A solid business at a fair price. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Sats AI analysis
What does Sats do?
Sats ASA provides fitness and training services in Norway, Sweden, Denmark, and Finland. It offers sportswear, fitness gear, bars, and energy drinks. The company operates fitness clubs under the SATS, ELIXIA, Fresh Fitness, and SATSYoga brand names. It is in Leisure, based in Oslo, Norway, with 10,000 employees.
Does Sats pay a dividend?
Yes. At today's price the dividend is 1.4% a year, about 27% of its yearly profit. In 2025 it paid out NOK 127 million in dividends.
Is Sats stock halal?
No. Sats does not pass our halal screen: its debt is 76% of its market value, at or above the 33% limit. How we check
How has Sats stock done over the past year?
Up 10.0% over the past twelve months, to NOK 45.65. It traded between NOK 38.60 and NOK 46.95 and is 2.8% below its high.
Who are Sats's competitors?
The largest listed companies in the same industry are Oriental Land, Carnival Corporation &, ANTA Sports Products and BANDAI NAMCO Holdings. The peers table on this page compares their profit, growth and price with Sats's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.