Product Code: SOF-KPI13
Report Summary:
NSR's “Satellite Operator Financial KPIs, 13th Edition (SOF-KPI13) ” is the industry's leading resource for the assessment and analysis of financial performance across the Global Satcom market. With more than 13 metrics dissected, “SOF-KPI13” examines core aspects of business such as financial performance with Revenue, EBITDA, Debt and Competitive ratios.
“SOF-KPI13 ” presents the complete Satcom Financial Index of both quantitative and qualitative metrics for 13 operators. Limited metrics are analysed for another 14 non-reporting operators.
Key questions are answered in this report?
- How has the industry's revenues grown in 2022 on a year-on-year basis, and over the last five years?
- Which sectors are driving revenue growth in the global satcom market and which sectors are contracting on a revenue basis?
- Which industry players are the top gainers in 2022 and which are the top losers?
- What are the key financial metrics of leading industry players and how do they rank against each other?
- What is the financial outlook of key industry players?
Who Should Purchase this Report:
- National, Regional and Global Satellite Operators
- Service Providers and Integrators
- Telecommunication and Wireless Operators
- Broadcasters and Pay-TV Operators
- Banks and Financial Institutions
- Private Equity, Hedge Funds and Venture Capital (New Space)
- Satellite Manufacturers
- Regulators and Agencies funding Telecom Research and Development
- Policy Makers
- Strategy Consultancies
- Space Agencies and Defence Organizations
- Launch Service Providers
- Insurers
NSR Difference - What sets this report apart from our competition?
Built on 10+ years of in-house research and innovation in cross-analysing infrastructure, capacity supply, demand, pricing, and funding developments, NSR's Satellite Operator Financial KPIs, 13th Edition (SOF-KPI13) offers a complete picture of current financial performance trends in the satcom industry. NSR's latest report offers readers unique insight focused on financial analysis of individual satellite operators on a YoY basis. Leading the future, SOF-KPI13 benchmarks financial performance as well as the anticipated ability to survive, sustain or future-proof growth, keeping readers ahead of the curve.
Key Features:
Covered in this Report:
- Assesses Video vs. Non-Video Revenues Positioning
- In-depth financial analysis on global, regional and MSS operators
- Qualitative analysis connecting historical financials with future predictions on multiple metrics.
- Trends analysis for revenues and EBITDA margins in the industry.
- Satcom Financial Index on Operational, Cash-CapEx, Debt and ROI metrics for 13 operators
- Limited Metrics for 14 non-reporting operators.
- Discusses the long term FCF and ROCE yield and examines which operators have booked the best return.
Metrics Assessed:
Companies Assessed:
Table of Contents
List of Key Abbreviations & Definitions
Executive Summary
Chapter 1: Satcom Financial Index
- 1.1. Operational Metrics
- 1.1.1. Revenues
- 1.1.2. EBITDA/Adj. EBITDA and EBITDA/Adj. EBITDA Margin
- 1.1.3. Backlog & Years of Backlog to Annual Revenues Ratio
- 1.2. Debt Position & Solvency Metrics
- 1.2.1. Net Debt to EBITDA/Adj. EBITDA Ratio and Interest Coverage Ratio
- 1.3. CapEx & Cash Generation Metrics
- 1.3.1. Annual CapEx and Total CapEx to Annual Revenues Ratio
- 1.3.2. Free Cash Flow & Cash Conversion
- 1.4. Competitive Advantage Metrics
- 1.4.1. Turnover Ratio & Return on Capital Employed
Chapter 2: Satcom Market Key Indicators
- 2.1. Video & Non-Video Revenues per Operator
Chapter 3: Individual Satellite Operator Analysis - Global Operators
- 3.1. SES Financial Performance, 2022
- 3.2. Eutelsat Financial Performance, Fiscal Year 2022/23
- 3.3. Telesat Financial Performance, 2022
- 3.4. Echostar-Hughes Financial Performance, 2022
- 3.5. Viasat Financial Performance, Fiscal Year 2022/23
Chapter 4: Individual Satellite Operator Analysis - Others
- 4.1. Yahsat Financial Performance, 2022
- 4.2. JSAT Financial Performance, Fiscal Year 2022/23
- 4.3. Hispasat Financial Performance, 2022
- 4.4. APT Satellite Financial Performance, 2022
- 4.5. Thaicom Financial Performance, 2022
- 4.6. Spacecom Financial Performance, 2022
Chapter 5: Individual Satellite Operator Analysis - MSS Operators
- 5.1. Iridium Financial Performance, 2022
- 5.2. Globalstar Financial Performance, 2022
Appendix: Financial Index Definitions & Methodology
About the authors
About Analysys Mason
Research from Analysys Mason
Consulting from Analysys Mason
List of Exhibits
Ch. 1: Comparative Metrics T&C
- 1. 2018 -2022 GEO Operator Revenues (US$ M), "Big Six" & MSS Operators
- 2. 2018 -2022 Operator Revenues (US$ M)
- 3. 2018 -2022 Operator EBITDA/Adj. EBITDA (US$ M)
- 4. 2018 -2022 Operator EBITDA/Adj. EBITDA Margin
- 5. 2018 -2022 Operator Backlog (US$ M)
- 6. 2018 -2022 Operator Years of Backlog to Annual Revenue Ratio
- 7. 2018 -2022 Operator Net Debt to EBITDA/Adj. EBITDA Ratio
- 8. 2018 - 2022 Operator Total Debt to Total Assets Ratio
- 9. 2018 - 2022 Operator Interest Service Coverage Ratio
- 10. 2018 - 2022 Operator Annual CapEx (US$ M)
- 11. 2018 - 2022 Operator Total CapEx to Cash Flow from Operating Activities Ratio
- 12. 2018 - 2022 Operator Total CapEx to Annual Revenues Ratio
- 13. 2018 - 2022 Operator EBITDA to Cash Conversion Ratio
- 14. 2018 - 2022 Operator Free Cash Flow (US$ M)
- 15. 2018 - 2022 Turnover Ratio
- 16. 2018 - 2022 Return on Capital Employed
Ch.2: Sec Indicators T&C
- 1. Video and Non-video Revenues (US$ M) per Operator
Ch.3: Global Operators T&C
- 1. SES T&C
- 1.1. SES Key Metrics, 2018 - 2022
- 1.2. SES Revenues, 2018 - 2022
- 1.3. SES Adj. EBITDA and Adj. EBITDA Margin, 2018 - 2022
- 1.4. SES Backlog & Years of Backlog to Annual Revenues, 2018 - 2022
- 1.5. SES Annual CapEx, 2018 - 2022
- 1.6. SES Free Cash Flow, 2018 - 2022
- 1.7. SES Total CapEx to Revenues Ratio and Total CapEx to Operating Cash Flow Ratio, 2018 - 2022
- 1.8. SES Adj. EBITDA to Cash Conversion Ratio, 2018 - 2022
- 1.9. SES Debt and Solvency Ratios 2018 - 2022
- 1.10. SES Competitive Ratios 2018 - 2022
- 2. Eutelsat T&C
- 2.1. Eutelsat Key Metrics, FY 2018/19 - FY 2022/23
- 2.2. Eutelsat Revenues, FY 2018/19 - FY 2022/23
- 2.3. Eutelsat EBITDA and EBITDA Margin, FY 2018/19 - FY 2022/23
- 2.4. Eutelsat Backlog & Years of Backlog to Annual Revenues, FY 2018/19 - FY 2022/23
- 2.5. Eutelsat Annual CapEx, FY 2018/19 - FY 2022/23
- 2.6. Eutelsat Free Cash Flow, FY 2018/19 - FY 2022/23
- 2.7. Eutelsat Total CapEx to Revenues Ratio and Total CapEx to Operating Cash Flow Ratio, FY 2018/19 - FY 2022/23
- 2.8. Eutelsat EBITDA to Cash Conversion Ratio, FY 2018/19 - FY 2022/23
- 2.9. Eutelsat Debt and Solvency Ratios FY 2018/19 - FY 2022/23
- 2.10. Eutelsat Competitive Ratios FY 2018/19 - FY 2022/23
- 3. Telesat T&C
- 3.1. Telesat Key Metrics, 2018 - 2022
- 3.2. Telesat Revenues, 2018 - 2022
- 3.3. Telesat Adj. EBITDA and Adj. EBITDA Margin, 2018 - 2022
- 3.4. Telesat Backlog & Years of Backlog to Annual Revenues, 2018 - 2022
- 3.5. Telesat Annual CapEx, 2018 - 2022
- 3.6. Telesat Free Cash Flow, 2018 - 2022
- 3.7. Telesat Total CapEx to Revenues Ratio and Total CapEx to Operating Cash Flow Ratio, 2018 - 2022
- 3.8. Telesat EBITDA to Cash Conversion Ratio, 2018 - 2022
- 3.9. Telesat Debt and Solvency Ratios 2018 - 2022
- 3.10. Telesat Competitive Ratios 2018 - 2022
- 4. Echostar-Hughes T&C
- 4.1. Echostar Key Metrics, 2018 - 2022
- 4.2. Echostar Revenues, 2018 - 2022
- 4.3. Hughes Adj. EBITDA and Adj. EBITDA Margin, 2018 - 2022
- 4.4. Echostar Fixed Broadband Subscriptions, 2018 - 2022
- 4.5. Echostar Operational Expenses, 2018 - 2022
- 4.6. Echostar Backlog & Years of Backlog to Total Revenues, 2018 - 2022
- 4.7. Echostar Annual CapEx and Free Cash Flow, 2018 - 2022
- 4.8. Echostar Total CapEx to Revenues Ratio and Total CapEx to Operating Cash Flow Ratio, 2018 - 2022
- 4.9. Echostar EBITDA to Cash Conversion Ratio, 2018 - 2022
- 4.10. Echostar Debt and Solvency Ratios 2018 - 2022
- 4.11. Echostar Competitive Ratios 2018 - 2022
- 5. Viasat T&C
- 5.1. Viasat Key Metrics, FY 2018/19 - FY 2022/23
- 5.2. Viasat Revenues, FY 2018/19 - FY 2022/23
- 5.3. Viasat EBITDA and EBITDA Margin, FY 2018/19 - FY 2022/23
- 5.4. Viasat Broadband and Aircraft Subscriptions, FY 2018/19 - FY 2022/23
- 5.5. Viasat Operational Expenses, FY 2018/19 - FY 2022/23
- 5.6. Viasat Backlog & Years of Backlog to Total Revenues, FY 2018/19 - FY 2022/23
- 5.7. Viasat Annual CapEx and Free Cash Flow, FY 2018/19 - FY 2022/23
- 5.8. Viasat Total CapEx to Revenues Ratio and Total CapEx to Cash Flow from Operating Activities Ratio, FY 2018/19 - FY 2022/23
- 5.9. Viasat Debt and Solvency Ratios, FY 2018/19 - FY 2022/23
- 5.10. Viasat Competitive Ratios, FY 2018/19 - FY 2022/23
Other Operator T&C
- 1. Yahsat T&C
- 1.1. Yahsat Key Metrics, 2018 - 2022
- 1.2. Yahsat Revenues, 2018 - 2022
- 1.3. Yahsat Adj. EBITDA and Adj. EBITDA Margin, 2018 - 2022
- 1.4. Yahsat Backlog & Years of Backlog to Annual Revenues, 2019 - 2022
- 1.5. Yahsat Annual CapEx, 2018 - 2022
- 1.6. Yahsat Free Cash Flow, 2018 - 2022
- 1.7. Yahsat Total CapEx to Revenues Ratio and Total CapEx to Operating Cash Flow Ratio, 2018 - 2022
- 1.8. Yahsat EBITDA to Cash Conversion Ratio, 2018 - 2022
- 1.9. Yahsat Debt and Solvency Ratios 2018 - 2022
- 1.10. Yahsat Competitive Ratios 2018 - 2022
- 2. Sky Perfect JSAT T&C
- 2.1. SKY Perfect JSAT Space & Satellite Business Revenues, FY 2018/19 - FY 2022/23
- 2.2. SKY Perfect JSAT Space & Satellite Business EBITDA and EBITDA Margin, FY 2018/19 - FY 2022/23
- 2.3. SKY Perfect JSAT Space & Satellite Business Annual CapEx, FY 2018/19 - FY 2022/23
- 2.4. SKY Perfect JSAT Space & Satellite Business Total CapEx to Revenues Ratio, FY 2018/19 - FY 2022/23
- 3. Hispasat T&C
- 3.1. Hispasat Key Metrics, 2018 - 2022
- 3.2. Hispasat Revenues, 2018 - 2022
- 3.3. Hispasat EBITDA and EBITDA Margin, 2018 - 2022
- 3.4. Hispasat EBITDA to Cash Conversion Ratio, 2018 - 2022
- 3.5. Hispasat Debt and Solvency Ratios 2018 - 2022
- 3.6. Hispasat Competitive Ratios 2018 - 2022
- 4. APT Corp T&C
- 4.1. APT Satellite Key Metrics 2018 - 2022
- 4.2. APT Satellite Revenues, 2018 - 2022
- 4.3. APT Satellite EBITDA and EBITDA Margin, 2018 - 2022
- 4.4. APT Satellite Annual CapEx, 2018 - 2022
- 4.5. APT Satellite Free Cash Flow, 2018 - 2022
- 4.6. APT Satellite Total CapEx to Operating Cash Flow & CapEx to Revenues Ratio, 2018 - 2022
- 4.7. APT Satellite EBITDA to Cash Conversion Ratio, 2018 - 2022
- 4.8. APT Satellite Net Debt and Solvency Ratios, 2018 - 2022
- 4.9. APT Satellite Competitive Ratios, 2018 - 2022
- 5. Thaicom T&C
- 5.1. Thaicom Satellite Business Services Revenues, 2018 - 2022
- 5.2. Thaicom Free Cash Flow, 2018 - 2022
- 6. Spacecom T&C
- 6.1. Spacecom Revenues, 2018 - 2022
- 6.2. Spacecom EBIT and EBIT Margin, 2018 - 2022
- 8. Iridium T&C
- 8.1. Iridium Key Metrics, 2018 - 2022
- 8.2. Iridium Revenues, 2018 - 2022
- 8.3. Iridium EBITDA and EBITDA Margin, 2018 - 2022
- 8.4. Iridium Annual CapEx and Free Cash Flow, 2018 - 2022
- 8.5. Iridium Total CapEx to Revenues Ratio and Total Capex to Operating Cash Flow Ratio, 2018 - 2022
- 8.6. Iridium Debt and Solvency Ratios 2018 - 2022
- 8.7. Iridium Competitive Ratios 2018 - 2022
- 9. Globalstar T&C
- 9.1. Globalstar Key Metrics, 2018 - 2022
- 9.2. Globalstar Revenues, 2018 - 2022
- 9.3. Globalstar Adj. EBITDA and Adj. EBITDA Margin, 2018 - 2022
- 9.4. Globalstar Annual CapEx and Free Cash Flow, 2018 - 2022
- 9.5. Globalstar Total CapEx to Revenues Ratio and Total CapEx to Operating Cash Flow Ratio, 2018 - 2022
- 9.6. Globalstar Debt and Solvency Ratios 2018 - 2022
- 9.7. Globalstar Competitive Ratios 2018 - 2022