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Telesat Corporation (TSAT.TO)

CAD53.52 -1.26 (-2.30%)
CA TSX Communication Services Telecommunications Services
Address 160 Elgin Street K2P 2P7
Ottawa, ON, CA
CEO Daniel S. Goldberg
IPO 2021-11-26
ISIN CA8795123097

Explore sections of this company profile

Also trades on NASDAQ Global Select · TSAT (USD) Toronto Stock Exchange · TSAT.TO (CAD)
Description

Telesat Corporation functions as a premier satellite communications provider, delivering essential connectivity solutions worldwide to clients in the broadcast, enterprise, and consulting fields. The company empowers direct-to-home (DTH) service providers to transmit television, audio, and data channels straight into customers' residences. It also enables broadcasters, cable networks, and DTH operators to disseminate television programming. Complementary services include satellite bandwidth, digital video encoding, access control, and ground station uplinking and downlinking. For temporary communication needs, such as live news, sports, and event coverage, Telesat offers occasional use services. For businesses, Telesat provides complete satellite and ground infrastructure services to support enterprise connectivity, internet and cellular backhaul, and rural telephony for telecommunications carriers and network services integrators. Furthermore, its broadband communication services cater to the maritime and aeronautical sectors, supporting commercial airplanes and vessels. Telesat also serves the U.S. government through integrators, provides satellite services to the Canadian government, and offers direct-to-consumer broadband. Its operations extend to the oil and gas and mining industries, where it manages satellite and hybrid satellite/terrestrial networks. Additionally, the company provides satellite operator support and expert consulting on space and earth segments, government analyses, satellite control, and research and development. Telesat primarily reaches its customers via a dedicated direct sales team. As of December 31, 2021, the company's assets included a constellation of 14 geostationary satellites in orbit and a Canadian payload hosted on the ViaSat-1 satellite. Founded in 1969, Telesat Corporation is based in Ottawa, Canada.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD53.52 -1.26 (-2.30%)
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Volume Profile
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Liquidity & share structure
Average Volume
49.5K
Beta
2.00
Float Shares
14.44M
Free Float %
98.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.17% +1.62% +17.74% +104.06% +109.33% +84.36% +207.68% +554.26% +62.11% +62.11% +62.11%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (1 ratings, all time) Hold
Price Targets & DCF
Current price
53.52
Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 0 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
-0.18
Distress
Piotroski F-Score
2 / 9
Weak
MOAT Score
2 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
4 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Telecommunications Services: +7.0%
    -26.8% Q1'26: -25.4% (vs Q1'25)
  • EPS growth Telecommunications Services: +15.8%
    -68.7% Q1'26: -181.5% (vs Q1'25)
  • FCF margin FCF growth · Telecommunications Services: +29.4%
    -5.0% Q1'26: -131.0% (vs Q1'25)
  • EBIT margin Telecommunications Services: +14.7%
    +13.7% Q1'26: +3.5% (vs Q1'25)
  • ROIC Telecommunications Services: +6.4%
    +1.2% Q1'26: +0.2% (vs Q1'25)
  • Share dilution Telecommunications Services: +0.0%
    +5.1% Q1'26: +4.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Telecommunications Services: 1.26×
    17.14× Q1'26: 26.94× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (2.00) × ERP
WACC = 22% × Ke + 78% × Kd (6.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 53.52
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
2 Rev. Ana.
1 EPS Ana.
Dec 2027
3 Rev. Ana.
1 EPS Ana.
Dec 2028
3 Rev. Ana.
1 EPS Ana.
Dec 2029
2 Rev. Ana.
Dec 2030
1 Rev. Ana.
Revenue
704.16M
est: 645.60M (+9.1%)
571.04M
est: 564.83M (+1.1%)
417.96M
est: 416.57M (+0.3%)
319.23M
317.83M – 320.63M
-23.4% YoY
277.45M
190.63M – 424.48M
-13.1% YoY
510.95M
487.07M – 534.82M
+84.2% YoY
993.28M
819.12M – 1.29B
+94.4% YoY
1.63B
1.35B – 2.12B
+64.4% YoY
EBITDA
1.14B
est: 381.71M (+198.5%)
67.02M
est: 333.96M (-79.9%)
206.18M
est: 246.30M (-16.3%)
188.75M
187.92M – 189.57M
-23.4% YoY
164.04M
112.71M – 250.98M
-13.1% YoY
302.10M
287.99M – 316.21M
+84.2% YoY
587.29M
484.31M – 760.87M
+94.4% YoY
965.27M
796.01M – 1.25B
+64.4% YoY
EBIT
943.82M
est: 232.30M (+306.3%)
-71.60M
est: 203.24M (-135.2%)
57.29M
est: 149.89M (-61.8%)
114.87M
114.36M – 115.37M
-23.4% YoY
99.83M
68.59M – 152.74M
-13.1% YoY
183.85M
175.26M – 192.44M
+84.2% YoY
357.41M
294.74M – 463.05M
+94.4% YoY
587.43M
484.43M – 761.07M
+64.4% YoY
Net Income
157.12M
est: 30.07M (+422.5%)
-87.72M
est: -55.17M (-59.0%)
-155.35M
est: -72.24M (-115.1%)
-120.52M
-150.48M – -83.93M
-66.8% YoY
-155.87M
-200.39M – -111.76M
-29.3% YoY
-176.11M
-219.03M – -122.16M
-13.0% YoY
— – —
+100.0% YoY
— – —
SGA
117.92M
est: 128.63M (-8.3%)
110.33M
est: 112.53M (-2.0%)
96.42M
est: 83.00M (+16.2%)
63.60M
63.32M – 63.88M
-23.4% YoY
55.28M
37.98M – 84.57M
-13.1% YoY
101.80M
97.04M – 106.55M
+84.2% YoY
197.90M
163.20M – 256.39M
+94.4% YoY
325.27M
268.23M – 421.41M
+64.4% YoY
EPS
11.71
est: 2.19 (+433.6%)
-6.29
est: -3.50 (-80.0%)
-10.61
est: -4.58 (-131.8%)
-7.43
-10.28 – -5.73
-62.2% YoY
-9.89
-13.69 – -7.63
-33.2% YoY
-10.81
-14.96 – -8.34
-9.3% YoY
— – —
+100.0% YoY
— – —
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-05-11 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-05-08 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-05-07 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-05-06 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-05-05 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-05-04 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-05-01 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-04-30 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-04-29 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-04-28 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-04-27 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-04-24 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-04-23 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-04-22 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-04-21 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-04-20 C 2/5 3/5 1/5 1/5 1/5 1/5 4/5
2026-04-17 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-04-16 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-785.14M
OE per share TTM
-51.67
Owner's Yield
-77.99%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
239.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 5 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares S&P/TSX SmallCap Index ETF XCS.TO 0.21% 366.6K 0.60%
2 TD Canadian Equity Index ETF TTP.TO 0.02% 890.3K 0.05%
3 Avantis International Small Cap Equity ETF AVDS 0.02% 51.6K 0.30%
4 Dimensional - International Small Cap ETF DFIS 0.01% 461.0K 0.39%
5 Avantis International Equity ETF AVDE 0.00% 611.2K 0.23%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
93.9K
Shares Outstanding
14.70M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Daniel S. Goldberg President, Chief Executive Officer & Director 4M male
Michael C. Schwartz Senior Vice President of Corporate & Business Development 2M male
Glenn Katz Chief Commercial Officer 2M male
Christopher S. DiFrancesco Vice President, General Counsel & Secretary 830.0K male
Donald Tremblay Chief Financial Officer 634.6K male
Michael Bolitho Director of Treasury & Risk Management male
Michel Forest Chief Technology Officer male
Asit Tandon Chief Network & Information Officer male
Michèle Beck Senior Vice President of Canadian Sales female
Charles H. Cynamon President of Telesat Government Solutions male
James Maxwell Ratcliffe Vice President of Investor Relations male
John Flaherty Vice President of Business Planning & Marketing male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits