SATS (SPASY) ROE %: 7.01% (As of Mar. 2026) — 30% Below Median


SPASY SATS Ltd SPASY
63 GF Score
Price $34.04
GF Value $31.92
Valuation Fairly Valued
! 9 Warning Signs
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What is SATS ROE %?

SATS SPASY 63 ROE % is 7.01% as of Mar. 2026, which is 30% below its 10-year median of 10.07. GuruFocus rates SPASY with a GF Score™ of 63/100 and a GF Value™ of $31.92 (Fairly Valued). The stock has 9 warning signs investors should review. Among 991 Transportation companies, SATS ranks better than 63.17% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. SATS's annualized net income for the quarter that ended in Mar. 2026 was $150 Mil. SATS's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $2,140 Mil. Therefore, SATS's annualized ROE % for the quarter that ended in Mar. 2026 was 7.01%.

The historical rank and industry rank for SATS's ROE % or its related term are showing as below:

SPASY' s ROE % Range Over the Past 10 Years
Min: -4.99   Med: 10.07   Max: 16.67
Current: 10.57

During the past 13 years, SATS's highest ROE % was 16.67%. The lowest was -4.99%. And the median was 10.07%.

SPASY's ROE % is ranked better than
63.17% of 991 companies
in the Transportation industry
Industry Median: 7.6 vs SPASY: 10.57

SATS  (OTCPK:SPASY) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=150.048/2139.7915
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(150.048 / 5070.02)*(5070.02 / 7017.282)*(7017.282 / 2139.7915)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.96 %*0.7225*3.2794
=ROA %*Equity Multiplier
=2.14 %*3.2794
=7.01 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=150.048/2139.7915
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (150.048 / 0) * (0 / 0) * (0 / 5070.02) * (5070.02 / 7017.282) * (7017.282 / 2139.7915)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= N/A * N/A * 0 % * 0.7225 * 3.2794
=7.01 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


SATS ROE % Related Terms


SATS ROE % Historical Data

* Premium members only.

The historical data trend for SATS's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SATS ROE % Chart

SATS Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.29 -1.35 2.40 9.85 10.91

SATS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.45 11.42 11.67 12.79 7.01

SPASY vs JOBY, CAAP: ROE % Comparison

For the Airports & Air Services subindustry, SATS's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SATS ROE % vs Transportation Industry

For the Transportation industry and Industrials sector, SATS's ROE % distribution charts can be found below:

* The bar in red indicates where SATS's ROE % falls into.


SPASY
63GF Score
SATS Ltd SPASY
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SATS ROE % Calculation

SATS's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=222.882/( (1936.733+2149.344)/ 2 )
=222.882/2043.0385
=10.91 %

SATS's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=150.048/( (2130.239+2149.344)/ 2 )
=150.048/2139.7915
=7.01 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 7.01% mean?
SATS (SPASY) has a ROE % of 7.01% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on SATS and its competitors. This is 30% below median its historical median of 10.07. According to the industry distribution chart, SATS ranks #365 out of 991 companies in the Transportation industry, placing it in the top 36.8%.
Is SATS's ROE % too high?
SATS's current ROE % of 7.01% is 30% below median its 10-year median of 10.07. The Transportation industry median ROE % is 7.60. SATS's value of 7.01% is 7.8% below this industry median. Based on the distribution chart, SATS ranks #365 out of 991 companies in the Transportation industry, which is above the industry midpoint. Overall, SATS has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SATS's ROE % compare to JOBY and CAAP?
According to the Transportation industry distribution chart, SATS ranks #365 out of 991 companies for ROE %. This puts SATS in the upper half of its industry. The industry median ROE % is 7.60. SATS's value of 7.01% is 7.8% below this benchmark. While the company's 10-year median is 10.07 vs. the industry median of 7.60, SATS has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Transportation company?
The median ROE % among Transportation companies is 7.60, based on 991 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SATS's current ROE % of 7.01% is 7.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on SATS and its competitors. For the Transportation industry, the median ROE % is 7.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SATS's current ROE % is 7.01%, which is 30% below median its own 10-year median of 10.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SATS stock overvalued right now?
Based on GuruFocus' analysis, SATS (SPASY) is currently considered Fairly Valued. The stock's GF Value™ is $31.92, compared to a current price of $34.04 — trading 6.6% above its estimated fair value. The current ROE % is 7.01%, which is 30% below median its 10-year median of 10.07 and 7.8% below the Transportation industry median of 7.60. SATS's overall GF Score™ is 63/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For SATS (SPASY), the current ROE % is 7.01% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is SATS (SPASY) Overvalued in 2026?

Based on GuruFocus' analysis, SATS stock appears to be overvalued. The current stock price of $34.04 is trading 6.6% above its estimated GF Value™ of $31.92. GuruFocus considers SATS to be Fairly Valued.

Key valuation signals for SPASY:

  • ROE %: 7.01% (30% below median its 10-year median of 10.07)
  • GF Value™: $31.92 vs. price of $34.04 (6.6% above fair value)
  • GF Score™: 63/100 with 9 warning signs
  • Industry Position: 7.8% below the Transportation median (#365 of 991)

No single metric tells the full story. See the SPASY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SATS Business Description

Address 20 Airport Boulevard, SATS Inflight Catering Centre 1, Singapore, SGP, 819659
SATS Ltd is a Singapore-based provider of ground-handling and in-flight catering services for air transportation in Asia and Australia. Additionally, it offers food distribution and logistics, industrial catering, and other amenities for hospitality and government agencies. The company has three reportable segments: food solutions (segment by revenue), gateway services, and others. The company has partnerships with multiple airlines to provide catering during flights and offers experience in planning airline menus, institutional catering, linen, and laundry to improve the airline's appearance. Gateway services cover the gamut of procedures airports must handle for each passenger. Baggage, ramp handling, passenger services, and terminal management are all offered to customers.
63GF Score

Get the complete analysis for SPASY

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$34.04
Price
$31.92
GF Value