TSAT

Telesat Corporation

Fundamental data last updated:August 12, 2026

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company profile

SECTOR

Technology

industry

Communication Equipment

Exchange

NASDAQ

County of HQ

CA

Next Earnings Date

Pending Announcement

Business Summary

Telesat Corporation, a satellite operator, provides 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 enables 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, authorization, and uplinking and downlinking services; and occasional use services for the broadcast of video news, sports, and live event coverages. The company also provides satellite capacity and end-to-end services, including space segment services and terrestrial facilities for enterprise connectivity, and internet and cellular backhaul; and rural telephony to telecommunications carriers and network services integrators. In addition, it offers broadband communication services to maritime and aeronautical markets comprising commercial airplanes and vessels; services to the U.S. government through government service integrators, and satellite services to the Canadian government; and direct-to-consumer broadband services. Further, the company operates satellite and hybrid satellite/terrestrial networks; and communications services for the oil and gas and mining industries. Additionally, it provides satellite operator services; and consulting services related to space and earth segments, government studies, satellite control, and research and development services. The company offers its services primarily through a direct sales force. As of December 31, 2021, it operated a fleet of 14 in-orbit geostationary satellites and a Canadian payload on the ViaSat-1 satellite. The company was founded in 1969 and is headquartered in Ottawa, Canada.

 


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VALUATION

P/E

-4.73

Market Cap ($M USD)

$865.36M

Forward P/E

N/A

PEG

N/A

PRICE TO SALES

3.08

PRICE TO BOOK

3.25

EV / EBITDA

17.02

5-Year Average P/E

Free Cash Flow Yield

-47.62%

DCF Value

$-95.89

Graham Number

N/A

Price to FCF

-2.10

EV to FCF

-6.04

Earnings Yield

-15.30%

FCF Yield

-47.62%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

-$12.37

Next Year EPS Growth Estimate

$0.00

Next Year Revenue Growth Estimate

$1.65B

Return on Equity (ROE)

-32.99%

FREE CASH FLOW

Operating Margin

8.65%

Debt-to-Equity

6.66

Piotroski F-Score

2

Altman Z-Score

-0.08

Return on Invested Capital (ROIC)

1.43%

Current Ratio

0.25

Quick Ratio

0.25

Net Debt to EBITDA

11.10

Interest Coverage

0.16

Gross Profit margin

64.06%

FCF PER SHARE

$-38.02

REVENUE PER SHARE

$25.93

Analyze TSAT on TradingView

Gainseekers Quantitative Analysis

Summary

TSAT Telesat Corporation’s valuation paints a grim picture. The stock has traded well below its DCF value, indicating potential mispricing, yet the negative earnings yield and Altman Z-score suggest significant financial distress. With a Price/Earnings ratio in the negative, the market is clearly skeptical about its profitability. The absence of a Forward P/E and a dismal Piotroski F-Score further highlight the lack of growth prospects and financial health. This is a company teetering on the edge, with its safety and growth prospects in serious question.

AI Exposure / Tech Reliance

Operating within the Communication Equipment industry, TSAT is positioned to leverage AI and tech advancements. However, its current financial metrics suggest it may struggle to capitalize on these opportunities effectively. The company's ability to adapt will depend heavily on its management's strategic decisions and resource allocation.

The Bull Case

For the optimistic investor, TSAT's operating margin of 8.65% and a modest ROIC of 1.43% could hint at some operational efficiency. Despite a poor Piotroski F-Score, the gross profit margin of 64.06% suggests strong pricing power. If management can harness these strengths, there might be a path to improved capital efficiency and eventual value creation.

The Bear Case

The bear case is compelling. TSAT's structural weaknesses are glaring, with a Debt/Equity ratio of 6.66 and a Net Debt to EBITDA of 13.10, indicating a precarious financial position. The stock's proximity to its 52-week high, combined with a Price/Book ratio of nearly 3, suggests it's technically overextended. The negative FCF Yield and Price to FCF ratio further underscore the company's inability to generate cash, raising red flags for any prudent investor.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Hold

Average Analyst Price Target

$20.00

Institutional Ownership %

1-Year Beta

2.00

Insider Buying % (6 Mo)

Distance to 52-Week High

1.04%

Distance to 52-Week Low

73.22%

EARNINGS SURPRISE %

-231.52%

50-DAY SMA

$47.04

200-DAY SMA

$32.94

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.