Telesat Corporation

NasdaqGS:TSAT Stock Report

Market Cap: US$3.6b

Telesat Management

Management criteria checks 4/4

Telesat's CEO is Dan Goldberg, appointed in Sep 2006, has a tenure of 19.67 years. total yearly compensation is CA$9.94M, comprised of 11.5% salary and 88.5% bonuses, including company stock and options. directly owns 6.76% of the company’s shares, worth $246.20M. The average tenure of the management team and the board of directors is 4.6 years and 4.5 years respectively.

Key information

Dan Goldberg

Chief executive officer

CA$9.9m

Total compensation

CEO salary percentage11.46%
CEO tenure19.7yrs
CEO ownership6.8%
Management average tenure4.6yrs
Board average tenure4.5yrs

Recent management updates

Recent updates

Analysis Article • Jan 25

Here's Why Telesat (NASDAQ:TSAT) Is Weighed Down By Its Debt Load

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Seeking Alpha • Dec 15

Telesat Continues Making Progress, But It Will Take Time

Summary Telesat Corporation (TSAT) is executing a dual GEO/LEO satellite strategy, with Lightspeed LEO as the long-term growth driver. TSAT's GEO segment faces revenue headwinds from contract resets and satellite retirements, while LEO offers a compelling backlog and long-term revenue floor. However, TSAT trades at a steep premium, with high cash burn and significant debt. Thus, I remain near-term neutral. TSAT's valuation is not compelling enough until Lightspeed's ramp and utilization become more certain. Read the full article on Seeking Alpha
Analysis Article • Dec 10

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

What underlying fundamental trends can indicate that a company might be in decline? More often than not, we'll see a...
Analysis Article • Jun 20

Telesat Corporation's (NASDAQ:TSAT) Share Price Boosted 25% But Its Business Prospects Need A Lift Too

Those holding Telesat Corporation ( NASDAQ:TSAT ) shares would be relieved that the share price has rebounded 25% in...
Analysis Article • Apr 24

The Market Doesn't Like What It Sees From Telesat Corporation's (NASDAQ:TSAT) Revenues Yet As Shares Tumble 25%

Telesat Corporation ( NASDAQ:TSAT ) shares have had a horrible month, losing 25% after a relatively good period...
Analysis Article • Mar 16

Here's Why Telesat (NASDAQ:TSAT) Is Weighed Down By Its Debt Load

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Seeking Alpha • Aug 05

Telesat GAAP EPS of -$0.16, revenue of $186.62M

Telesat press release (NASDAQ:TSAT): Q2 GAAP EPS of -$0.16. Revenue of $186.62M (-0.7% Y/Y).

CEO Compensation Analysis

How has Dan Goldberg's remuneration changed compared to Telesat's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-CA$185m

Dec 31 2025CA$10mCA$1m

-CA$155m

Sep 30 2025n/an/a

-CA$156m

Jun 30 2025n/an/a

-CA$103m

Mar 31 2025n/an/a

-CA$88m

Dec 31 2024CA$11mCA$1m

-CA$88m

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

Compensation vs Market: Dan's total compensation ($USD7.26M) is about average for companies of similar size in the US market ($USD7.08M).

Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.

CEO

Dan Goldberg (59 yo)

19.7yrs
Tenure
CA$9,944,726
Compensation

Mr. Daniel S. Goldberg, J.D., 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...

Leadership Team

NamePositionTenureCompensationOwnership
Daniel Goldberg
President19.7yrsCA$9.94m6.76%
$ 246.2m
Donald Tremblay
Chief Financial Officerless than a yearCA$887.81k0.023%
$ 819.6k
Christopher DiFrancesco
VP, General Counsel & Secretary17.3yrsCA$1.69m1.02%
$ 37.2m
Michael Schwartz
Senior Vice President of Corporate & Business Developmentno dataCA$2.79m0.46%
$ 16.7m
Glenn Katz
Chief Commercial Officer4.6yrsCA$2.94m1.01%
$ 36.7m
Michel Forest
Chief Technology Officer1.3yrsno data0.12%
$ 4.4m
Asit Tandon
Chief Network & Information Officer1.3yrsno data0.060%
$ 2.2m
James Ratcliffe
Vice President of Investor Relationsno datano datano data
John Flaherty
Vice President of Business Planning & Marketing13.3yrsno data0.62%
$ 22.5m
Maia Mititelu
Vice President of Human Resources1yrno data0.014%
$ 500.4k
Michèle Beck
Senior Vice President of Canadian Sales5.3yrsno data0.76%
$ 27.6m
Michael Bolitho
Director of Treasury & Risk Managementno datano data0.021%
$ 773.7k
4.6yrs
Average Tenure
59yo
Average Age

Experienced Management: TSAT's management team is considered experienced (4.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Daniel Goldberg
President4.5yrsCA$9.94m6.76%
$ 246.2m
Guthrie Stewart
Independent Director4.5yrsCA$207.59kno data
Michael Boychuk
Independent Director4.5yrsCA$225.09k0%
$ 0
Janet Yeung
Independent Director2.8yrsCA$200.06k0.091%
$ 3.3m
Mark Rachesky
Independent Chairman4.5yrsCA$215.07k0.30%
$ 11.0m
Michael Targoff
Independent Director4.5yrsCA$200.06k0.65%
$ 23.8m
Henry Intven
Independent Director5.6yrsCA$225.09kno data
A. Craighead
Independent Director4.5yrsCA$232.59kno data
Richard Fadden
Independent Director4.5yrsCA$207.59kno data
David Morin
Independent Director3.3yrsno datano data
4.5yrs
Average Tenure
67.5yo
Average Age

Experienced Board: TSAT's board of directors are considered experienced (4.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/11 18:09
End of Day Share Price 2026/05/08 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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

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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 Github.

Analyst Sources

Telesat Corporation is covered by 5 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 McFadgenATB Cormark
David McFadgenATB Cormark Historical (Cormark Securities)
Xin YuDeutsche Bank