Telesat Corporation

TSX:TSAT Stock Report

Market Cap: CA$1.3b

Telesat Management

Management criteria checks 2/4

Telesat's CEO is Dan Goldberg, appointed in Sep 2006, has a tenure of 18.25 years. total yearly compensation is CA$11.46M, comprised of 12.5% salary and 87.5% bonuses, including company stock and options. directly owns 6.06% of the company’s shares, worth CA$79.32M. The average tenure of the management team and the board of directors is 5 years and 3.1 years respectively.

Key information

Dan Goldberg

Chief executive officer

CA$11.5m

Total compensation

CEO salary percentage12.5%
CEO tenure18.3yrs
CEO ownership6.1%
Management average tenure5yrs
Board average tenure3.1yrs

Recent management 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%

CEO Compensation Analysis

How has Dan Goldberg's remuneration changed compared to Telesat's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

CA$49m

Jun 30 2024n/an/a

CA$30m

Mar 31 2024n/an/a

CA$134m

Dec 31 2023CA$11mCA$1m

CA$157m

Sep 30 2023n/an/a

CA$169m

Jun 30 2023n/an/a

CA$112m

Mar 31 2023n/an/a

-CA$30m

Dec 31 2022CA$9mCA$1m

-CA$24m

Sep 30 2022n/an/a

-CA$3m

Jun 30 2022n/an/a

CA$3m

Mar 31 2022n/an/a

CA$58m

Dec 31 2021CA$64mCA$1m

CA$93m

Sep 30 2021n/an/a

CA$297m

Jun 30 2021n/an/a

CA$456m

Mar 31 2021n/an/a

CA$565m

Dec 31 2020CA$4mCA$1m

CA$245m

Sep 30 2020n/an/a

-CA$7m

Jun 30 2020n/an/a

-CA$237m

Mar 31 2020n/an/a

-CA$263m

Dec 31 2019CA$6mCA$1m

CA$187m

Sep 30 2019n/an/a

-CA$2m

Jun 30 2019n/an/a

CA$238m

Mar 31 2019n/an/a

CA$96m

Dec 31 2018CA$17mCA$1m

-CA$91m

Compensation vs Market: Dan's total compensation ($USD7.94M) is above average for companies of similar size in the Canadian market ($USD1.80M).

Compensation vs Earnings: Dan's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Dan Goldberg (58 yo)

18.3yrs

Tenure

CA$11,458,736

Compensation

Mr. Daniel S. Goldberg, also known as Dan, serves as Independent Director for Algonquin Power & Utilities Corp. since March 28, 2022. He serves as President and Chief Executive Officer at Loral Space & Com...

Leadership Team

NamePositionTenureCompensationOwnership
Daniel Goldberg
President18.3yrsCA$11.46m6.06%
CA$ 79.3m
Andrew Browne
Chief Financial Officer5yrsCA$3.54m1.11%
CA$ 14.5m
David Wendling
Chief Technical Officer17.2yrsCA$2.17m0.73%
CA$ 9.6m
Michael Schwartz
Senior Vice President of Corporate & Business Developmentno dataCA$3.07m2.27%
CA$ 29.7m
Glenn Katz
Chief Commercial Officer3.2yrsCA$3.15m0.65%
CA$ 8.5m
Christopher DiFrancesco
VP, General Counsel & Secretary15.9yrsno data0.72%
CA$ 9.4m
John Flaherty
Vice President of Business Planning & Marketing11.9yrsno data0.60%
CA$ 7.8m
France Teasdale
Vice President of People2.9yrsno data0.011%
CA$ 149.7k
Michèle Beck
Senior Vice President of Canadian Sales3.9yrsno data0.60%
CA$ 7.8m
Michael Bolitho
Director of Treasury & Risk Managementno datano data0.016%
CA$ 209.1k
Philip Harlow
President of Telesat Government Solutions2yrsno datano data

5.0yrs

Average Tenure

58.5yo

Average Age

Experienced Management: TSAT's management team is seasoned and experienced (5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Daniel Goldberg
President3.1yrsCA$11.46m6.06%
CA$ 79.3m
Guthrie Stewart
Independent Director3.1yrsCA$182.53kno data
Michael Boychuk
Independent Director3.1yrsCA$200.03kno data
Janet Yeung
Independent Director1.3yrsCA$72.37k0.099%
CA$ 1.3m
Mark Rachesky
Independent Chairman3.1yrsCA$190.02k0.33%
CA$ 4.3m
Michael Targoff
Director3.1yrsCA$175.11k0.72%
CA$ 9.5m
Henry Intven
Independent Director4.2yrsCA$200.03kno data
A. Craighead
Independent Director3.1yrsCA$207.52kno data
Richard Fadden
Independent Director3.1yrsCA$182.53kno data
David Morin
Independent Director1.8yrsno datano data

3.1yrs

Average Tenure

66.5yo

Average Age

Experienced Board: TSAT's board of directors are considered experienced (3.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 08:44
End of Day Share Price 2024/12/18 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

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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.