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Telesat TSX:TSAT Stock Report

Last Price

CA$24.56

Market Cap

CA$1.2b

7D

3.2%

1Y

83.6%

Updated

20 Dec, 2024

Data

Company Financials +

Telesat Corporation

TSX:TSAT Stock Report

Market Cap: CA$1.2b

TSAT Stock Overview

A satellite operator, offers mission-critical communications services to broadcast, enterprise, and consulting customers worldwide. More details

TSAT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance1/6
Financial Health2/6
Dividends0/6

Rewards

Price-To-Earnings ratio (7x) is below the Canadian market (13.8x)

Revenue is forecast to grow 7.47% per year

Risk Analysis

Interest payments are not well covered by earnings

Earnings are forecast to decline by an average of 110.9% per year for the next 3 years

Profit margins (8.1%) are lower than last year (22.7%)

Large one-off items impacting financial results


My Notes

Capture your thoughts, links and company narrative

Telesat Corporation Competitors

Cogeco

TSX:CGO

CA$545.4m

Cogeco Communications

TSX:CCA

CA$2.7b

Quebecor

TSX:QBR.A

CA$7.4b

CITIC Telecom International Holdings

SEHK:1883

HK$8.3b

Price History & Performance

Summary of share price highs, lows and changes for Telesat
Historical stock prices
Current Share PriceCA$24.56
52 Week HighCA$26.79
52 Week LowCA$9.69
Beta2.17
1 Month Change58.55%
3 Month Change51.70%
1 Year Change83.56%
3 Year Change-39.69%
5 Year Changen/a
Change since IPO-50.64%

Recent News & Updates

Recent updates

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

Estimating The Intrinsic Value Of Telesat Corporation (TSE:TSAT)

May 19
Estimating The Intrinsic Value Of Telesat Corporation (TSE:TSAT)

Investors Don't See Light At End Of Telesat Corporation's (TSE:TSAT) Tunnel And Push Stock Down 26%

Apr 06
Investors Don't See Light At End Of Telesat Corporation's (TSE:TSAT) Tunnel And Push Stock Down 26%

Shareholder Returns

TSATCA TelecomCA Market
7D3.2%-6.9%-3.7%
1Y83.6%-23.0%15.0%

Return vs Industry: TSAT exceeded the Canadian Telecom industry which returned -23% over the past year.

Return vs Market: TSAT exceeded the Canadian Market which returned 15% over the past year.

Price Volatility

Is TSAT's price volatile compared to industry and market?
TSAT volatility
TSAT Average Weekly Movement11.0%
Telecom Industry Average Movement3.6%
Market Average Movement8.2%
10% most volatile stocks in CA Market17.6%
10% least volatile stocks in CA Market2.9%

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 (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1969490Dan Goldbergwww.telesat.com

Telesat Corporation, a satellite operator, offers mission-critical communications services to broadcast, enterprise, and consulting customers worldwide. The company’s satellite-based services allow direct-to-home (DTH) service providers to deliver television programming, audio, and information channels directly to customers’ homes; and allows broadcasters, cable networks, and DTH service providers to transmit television programming services. It offers value-added services, such as satellite capacity, digital encoding of video channels, and uplinking and downlinking services; and occasional use services.

Telesat Corporation Fundamentals Summary

How do Telesat's earnings and revenue compare to its market cap?
TSAT fundamental statistics
Market capCA$1.22b
Earnings (TTM)CA$49.06m
Revenue (TTM)CA$608.95m

7.0x

P/E Ratio

0.6x

P/S 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$608.95m
Cost of RevenueCA$196.06m
Gross ProfitCA$412.89m
Other ExpensesCA$363.84m
EarningsCA$49.06m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)3.49
Gross Margin67.80%
Net Profit Margin8.06%
Debt/Equity Ratio110.8%

How did TSAT perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 00:14
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

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.