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Telesat Corporation

TSX:TSAT Stock Report

Market Cap: CA$1.8b

Telesat (TSAT) Stock Overview

A satellite operator, provides mission-critical communications solutions to support the requirements of satellite users in Canada, the United States, Asia, Australia, Latin America, the Caribbean, Europe, the Middle East, and Africa. More details

TSAT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance0/6
Financial Health2/6
Dividends0/6

Rewards

Revenue is forecast to grow 18.33% per year

Trading at good value compared to peers and industry

Risk Analysis

Earnings are forecast to decline by an average of 29% per year for the next 3 years

Interest payments are not well covered by earnings

Significant insider selling over the past 3 months


TSAT Community Fair Values

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Telesat
AN
AnalystConsensusTarget
Consensus Narrative from Analysts

Reliance On Lightspeed Amid Starlink Competition Will Pose Revenue Risks

Key Takeaways Telesat's shift from GEO to LEO satellites risks short-term profitability due to high capital expenses and staffing needs, affecting margins and earnings. Heavy reliance on Lightspeed's market success amid Starlink competition threatens future revenue growth and customer acquisition goals.
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CA$96.53
FV
63.5% undervalued intrinsic discount
-3.99%
Revenue growth p.a.
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4 months ago author updated this narrative
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Telesat Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for Telesat
Historical stock prices
Current Share PriceUS$35.19
52 Week HighUS$37.27
52 Week LowUS$10.31
Beta2
1 Month Change59.74%
3 Month Change36.08%
1 Year Change216.46%
3 Year Change135.70%
5 Year Changen/a
Change since IPO-29.28%

Recent News & Updates

Recent updates

Is Telesat (TSE:TSAT) A Risky Investment?

Mar 12
Is Telesat (TSE:TSAT) A Risky Investment?

Telesat's (TSE:TSAT) Returns On Capital Tell Us There Is Reason To Feel Uneasy

Feb 14
Telesat's (TSE:TSAT) Returns On Capital Tell Us There Is Reason To Feel Uneasy
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Reliance On Lightspeed Amid Starlink Competition Will Pose Revenue Risks

Telesat's shift from GEO to LEO satellites risks short-term profitability due to high capital expenses and staffing needs, affecting margins and earnings.

Is Now An Opportune Moment To Examine Telesat Corporation (TSE:TSAT)?

Jan 24
Is Now An Opportune Moment To Examine Telesat Corporation (TSE:TSAT)?

Telesat Corporation (TSE:TSAT) Shares Fly 26% But Investors Aren't Buying For Growth

Jan 03
Telesat Corporation (TSE:TSAT) Shares Fly 26% But Investors Aren't Buying For Growth

Telesat's (TSE:TSAT) Weak Earnings May Only Reveal A Part Of The Whole Picture

Nov 22
Telesat's (TSE:TSAT) Weak Earnings May Only Reveal A Part Of The Whole Picture

Is Telesat (TSE:TSAT) Using Too Much Debt?

Nov 21
Is Telesat (TSE:TSAT) Using Too Much Debt?

Market Might Still Lack Some Conviction On Telesat Corporation (TSE:TSAT) Even After 37% Share Price Boost

Oct 17
Market Might Still Lack Some Conviction On Telesat Corporation (TSE:TSAT) Even After 37% Share Price Boost

Returns On Capital At Telesat (TSE:TSAT) Paint A Concerning Picture

Oct 04
Returns On Capital At Telesat (TSE:TSAT) Paint A Concerning Picture

Investors Still Aren't Entirely Convinced By Telesat Corporation's (TSE:TSAT) Earnings Despite 25% Price Jump

Aug 28
Investors Still Aren't Entirely Convinced By Telesat Corporation's (TSE:TSAT) Earnings Despite 25% Price Jump

Telesat (TSE:TSAT) Takes On Some Risk With Its Use Of Debt

Aug 15
Telesat (TSE:TSAT) Takes On Some Risk With Its Use Of Debt

Telesat Corporation's (TSE:TSAT) Share Price Boosted 30% But Its Business Prospects Need A Lift Too

May 29
Telesat Corporation's (TSE:TSAT) Share Price Boosted 30% But Its Business Prospects Need A Lift Too

We Think You Should Be Aware Of Some Concerning Factors In Telesat's (TSE:TSAT) Earnings

Apr 04
We Think You Should Be Aware Of Some Concerning Factors In Telesat's (TSE:TSAT) Earnings

Telesat Corporation (TSE:TSAT) Looks Inexpensive But Perhaps Not Attractive Enough

Feb 29
Telesat Corporation (TSE:TSAT) Looks Inexpensive But Perhaps Not Attractive Enough

The Returns At Telesat (TSE:TSAT) Aren't Growing

Sep 20
The Returns At Telesat (TSE:TSAT) Aren't Growing

These Return Metrics Don't Make Telesat (TSE:TSAT) Look Too Strong

Mar 08
These Return Metrics Don't Make Telesat (TSE:TSAT) Look Too Strong

Telesat (TSE:TSAT) May Have Issues Allocating Its Capital

Nov 23
Telesat (TSE:TSAT) May Have Issues Allocating Its Capital

A Look At The Fair Value Of Telesat Corporation (TSE:TSAT)

Oct 05
A Look At The Fair Value Of Telesat Corporation (TSE:TSAT)

Telesat's (TSE:TSAT) Problems Go Beyond Weak Profit

Aug 13
Telesat's (TSE:TSAT) Problems Go Beyond Weak Profit

Shareholder Returns

TSATCA TelecomCA Market
7D6.2%5.2%0.4%
1Y216.5%-3.5%19.9%

Return vs Industry: TSAT exceeded the Canadian Telecom industry which returned -5.1% over the past year.

Return vs Market: TSAT exceeded the Canadian Market which returned 19.3% over the past year.

Price Volatility

Is TSAT's price volatile compared to industry and market?
TSAT volatility
TSAT Average Weekly Movement9.3%
Telecom Industry Average Movement3.4%
Market Average Movement9.1%
10% most volatile stocks in CA Market18.2%
10% least volatile stocks in CA Market3.5%

Stable Share Price: TSAT has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: TSAT's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1969610Dan Goldbergwww.telesat.com

Telesat Corporation, a satellite operator, provides mission-critical communications solutions to support the requirements of satellite users in Canada, the United States, Asia, Australia, Latin America, the Caribbean, Europe, the Middle East, and Africa. It operates through Geostationary (GEO) and Low Earth Orbit (LEO) segments. The company offers broadcast services comprising direct-to-home television, video distribution and contribution, and occasional use services; enterprise services consisting of telecommunication carrier and integrator, government, consumer broadband, resource, maritime and aeronautical, and retail and satellite operator services; and consulting services related to space and earth segments, government studies, satellite control services, and research and development.

Telesat Corporation Fundamentals Summary

How do Telesat's earnings and revenue compare to its market cap?
TSAT fundamental statistics
Market capCA$1.81b
Earnings (TTM)-CA$88.50m
Revenue (TTM)CA$535.62m
1.0x
P/S Ratio
-5.9x
P/E Ratio

Is TSAT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TSAT income statement (TTM)
RevenueCA$535.62m
Cost of RevenueCA$211.38m
Gross ProfitCA$324.24m
Other ExpensesCA$412.73m
Earnings-CA$88.50m

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)-5.99
Gross Margin60.53%
Net Profit Margin-16.52%
Debt/Equity Ratio137.2%

How did TSAT perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/08 04:50
End of Day Share Price 2025/07/08 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Telesat Corporation is covered by 2 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David McFadgenCormark Securities Inc.
Christopher QuiltyQuilty Space Inc.