Satixfy Communications Ltd. (SATX) | Investment Case

1. Company Snapshot

1.a. Company Description

SatixFy Communications Ltd.develops end-to-end next-generation satellite communications systems.The company offers satellite payloads, user terminals, and modems.

Its products include modems that feature software defined radio; fully electronically steered multi beam antennas; and very small aperture terminals and multi-beam fully electronically steered antenna arrays for various mobile applications and services.The company was founded in 2012 and is headquartered in Rehovot, Israel.

Show Full description

1.b. Last Insights on SATX

The recent 3-month performance of SatixFy Communications Ltd. was driven by a transformative acquisition announcement, solidifying its position in the satellite communications industry. MDA Space Ltd.'s acquisition of SatixFy for $2.10 per share, representing a 75% premium, is expected to enhance MDA Space's end-to-end satellite offering, capitalizing on the growing demand for digital constellations. This strategic move positions SatixFy for accelerated growth and increased market presence.

1.c. Company Highlights

Last Price	2.96
Change Percentage	1.02%
Open	2.96
Previous Close	2.96
Market Cap ( Millions)	256
Volume	502883
Year High	2.99
Year Low	0.6
M A 50	2.54
M A 200	1.49

FCF Yield	0.00%
Dividend Yield	0.00%
ROE	46.35%
Debt / Equity	-64.99%
Net Debt / EBIDTA	-244.14%
Price To Book	-2.29
Price Earnings Ratio	-5.76
Price To FCF	0
Price To sales	10.84
EV / EBITDA	-12.06

2. Transcript Summary

Unfortunately this company is not part of our coverage yet. But as part of your subscription plan you can request it by clicking just below and we'll process.

Request Coverage

3. NewsRoom

Groupe la Francaise Invests $1.94 Million in SatixFy Communications Ltd. $SATX

Dec -04

Source: defenseworld.net

MDA SPACE COMPLETES ACQUISITION OF SATIXFY COMMUNICATIONS

Jul -02

Source: prnewswire.com

SatixFy Shareholders Overwhelmingly Approve Proposed Acquisition by MDA Space

May -23

Source: businesswire.com

SatixFy Communications Ltd. (SATX) Reports Q1 Loss, Tops Revenue Estimates

May -22

Source: zacks.com

MDA Space and SatixFy Announce Amended Merger Agreement for Increased Consideration and Postponement of Shareholder Meeting

May -20

Source: prnewswire.com

MDA SPACE TO ACQUIRE SATIXFY COMMUNICATIONS

Apr -01

Source: prnewswire.com

Telesat Signs US$39 Million Contract with SatixFy to Develop and Deliver Landing Station Baseband Units for Telesat Lightspeed Network

Nov -04

Source: prnewswire.com

SatixFy's CEO to Present at Maxim Group's Virtual TMT Investor Conference on June 5, 2024

Jun -03

Source: businesswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (12.40%)

6. Segments

Development Services and Preproduction

Expected Growth: 12.4%

Growing demand for customized software development and testing solutions, increasing adoption of digital transformation, and rising need for efficient project delivery drive the growth of Satixfy Communications' Development Services and Preproduction segment.

Products

Expected Growth: 12.4%

Growing demand for satellite-based communication solutions, increasing adoption in IoT, maritime, and aerospace industries, and advancements in satellite technology drive the market growth.

7. Detailed Products

Satixfy Satellite Terminals

Advanced satellite terminals designed for high-performance and reliability, offering high-speed data transmission and communication services.

Satixfy Modems

High-speed modems enabling fast and reliable data transmission over satellite, supporting various frequency bands and protocols.

Satixfy Antennas

High-gain antennas designed for optimal satellite signal reception and transmission, available in various sizes and frequencies.

Satixfy Network Management System (NMS)

A comprehensive NMS platform for monitoring, managing, and optimizing satellite networks, ensuring high availability and performance.

Satixfy Cybersecurity Solutions

Advanced cybersecurity solutions designed to protect satellite networks and systems from cyber threats, ensuring secure data transmission and communication.

8. Satixfy Communications Ltd.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Satixfy Communications Ltd. is medium due to the presence of alternative communication services such as email and social media.

Bargaining Power Of Customers

The bargaining power of customers for Satixfy Communications Ltd. is high due to the availability of alternative communication services and the ease of switching providers.

Bargaining Power Of Suppliers

The bargaining power of suppliers for Satixfy Communications Ltd. is low due to the company's ability to negotiate favorable terms with its suppliers.

Threat Of New Entrants

The threat of new entrants for Satixfy Communications Ltd. is medium due to the presence of barriers to entry such as high capital requirements and regulatory hurdles.

Intensity Of Rivalry

The intensity of rivalry for Satixfy Communications Ltd. is high due to the presence of established competitors and the need to differentiate itself through innovative products and services.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

	Value
Debt Weight	3673.62%
Debt Cost	8.59%
Equity Weight	-3573.62%
Equity Cost	8.59%
WACC	8.59%
Leverage	-102.80%

11. Quality Control: Satixfy Communications Ltd. passed 2 out of 9 key points

Strong Liquidity

Low Debt

Strong Interest Coverage

Healthy Cash Flow

Operating Efficiency

Strong Return On Equity

Consistent Revenue Growth

Consistent Operating Cash Flow Growth

Margin Improvement

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

AudioCodes

A-Score: 5.1/10

Value: 5.8

Growth: 5.7

Quality: 5.9

Yield: 6.9

Momentum: 5.0

Volatility: 1.7

1-Year Total Return ->

Invisio

A-Score: 4.6/10

Value: 0.0

Growth: 8.3

Quality: 7.9

Yield: 0.6

Momentum: 8.0

Volatility: 3.0

1-Year Total Return ->

Satixfy

A-Score: 4.4/10

Value: 8.0

Growth: 2.7

Quality: 5.6

Yield: 0.0

Momentum: 10.0

Volatility: 0.3

1-Year Total Return ->

HMS Networks

A-Score: 3.8/10

Value: 0.2

Growth: 7.1

Quality: 6.3

Yield: 0.6

Momentum: 6.0

Volatility: 2.7

1-Year Total Return ->

Ceragon Networks

A-Score: 3.6/10

Value: 6.3

Growth: 6.9

Quality: 4.9

Yield: 0.0

Momentum: 3.0

Volatility: 0.7

1-Year Total Return ->

Napatech

A-Score: 2.3/10

Value: 6.0

Growth: 0.0

Quality: 4.4

Yield: 0.0

Momentum: 2.5

Volatility: 0.7

1-Year Total Return ->

Peers Metrics

12.e Scoring ^Insights

12.f DCF ^BETA

Parameters

Short Term Growth

34.97%

Short term Time

10.0

Long-Term Growth

2.00%

WACC

8.59%

Satixfy Communications Ltd. - IL0011898850

1. Company Snapshot

1.a. Company Description

1.b. Last Insights on SATX

1.c. Company Highlights

Lower Growth

Cheaper

More Volatile

Strong Momentum

Earnings Miss

Revenues Miss

Revenues Beats

Earnings Beats

2. Transcript Summary

3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (12.40%)

6. Segments

Development Services and Preproduction

Expected Growth: 12.4%

Products

Expected Growth: 12.4%

7. Detailed Products

Satixfy Satellite Terminals

Satixfy Modems

Satixfy Antennas

Satixfy Network Management System (NMS)

Satixfy Cybersecurity Solutions

8. Satixfy Communications Ltd.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Bargaining Power Of Customers

Bargaining Power Of Suppliers

Threat Of New Entrants

Intensity Of Rivalry

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

11. Quality Control: Satixfy Communications Ltd. passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

2.96$

Current Price

2.96$

Potential

-0.00%

Expected Cash-Flows

12.e Scoring ^Insights

12.f DCF ^BETA