表紙:衛星オペレータの財務KPI:第13版
市場調査レポート
商品コード
1367866

衛星オペレータの財務KPI:第13版

Satellite Operator Financial KPIS, 13th Edition

出版日: | 発行: Northern Sky Research, LLC | ページ情報: 英文 | 納期: 即日から翌営業日

価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=151.38円
衛星オペレータの財務KPI:第13版
出版日: 2023年10月24日
発行: Northern Sky Research, LLC
ページ情報: 英文
納期: 即日から翌営業日
  • 全表示
  • 概要
  • 目次
概要

当レポートでは、世界の衛星産業の財務指標を調査し、世界の通信衛星業界の全体的な財務指標 (収益、EBITDA/調整EBITDA、総資産/純債務、キャッシュフロー、資本投資額ほか) の過去10カ年の推移、主要オペレーター/サービスプロバイダーのプロファイル、財務指標などをまとめています。

評価指標

評価対象企業

目次

主要な略語と定義のリスト

エグゼクティブサマリー

第1章 衛星通信業界の財務指標

  • 経営指標
    • 収益
    • EBITDA/調整EBITDA、EBITDA/調整EBITDAマージン
    • 受注残高/受注期間 (年数):年間収益額との対比
  • 債務状況とソルベンシー指標
    • 純負債対EBITDA/調整後EBITDA率とインタレストカバレッジレシオ
  • CAPEXと現金発生の指標
    • 年間設備投資額と年間収益に対する比率
    • フリーキャッシュフローとキャッシュコンバージョン
  • 競争上の優位性の指標
    • 回転率・使用資本利益率(ROCE)

第2章 衛星通信市場の主要指標

  • 事業者ごとのビデオおよびビデオ以外の収益

第3章 衛星オペレータの分析:世界的事業者

  • SES
  • Eutelsat
  • Telesat
  • Echostar-Hughes
  • Viasat

第4章 衛星オペレータの分析:その他

  • Yahsat
  • JSAT
  • Hispasat
  • APT Satellite
  • Thaicom
  • Spacecom

第5章 衛星オペレータの分析:MSSオペレータ

  • Iridium
  • Globalstar

付録:財務指標の定義・調査手法

著者について

Analysys Masonについて

Analysys Masonの調査

Analysys Masonからのコンサルティング

目次
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
  • 7. MSS Operators T&C
  • 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