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Technology - Communication Equipment - NASDAQ - CA
$ 16.25
1.19 %
$ 238 M
Market Cap
-3.52
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one TSAT stock under the worst case scenario is HIDDEN Compared to the current market price of 16.2 USD, Telesat Corporation is HIDDEN

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one TSAT stock under the base case scenario is HIDDEN Compared to the current market price of 16.2 USD, Telesat Corporation is HIDDEN

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one TSAT stock under the best case scenario is HIDDEN Compared to the current market price of 16.2 USD, Telesat Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart TSAT

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$26.0$26.0$24.0$24.0$22.0$22.0$20.0$20.0$18.0$18.0$16.0$16.0$14.0$14.015 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '25
FINANCIALS
571 M REVENUE
-18.90%
-40.3 M OPERATING INCOME
-7.08%
-302 M NET INCOME
-51.86%
62.5 M OPERATING CASH FLOW
-63.06%
-1.09 B INVESTING CASH FLOW
-515.05%
-170 M FINANCING CASH FLOW
52.01%
117 M REVENUE
-8.79%
30.8 M OPERATING INCOME
113.56%
-51.5 M NET INCOME
88.49%
139 M OPERATING CASH FLOW
8310.64%
-231 M INVESTING CASH FLOW
58.64%
333 M FINANCING CASH FLOW
2843.46%
Balance Sheet Telesat Corporation
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Current Assets 1.02 B
Cash & Short-Term Investments 553 M
Receivables 188 M
Other Current Assets 280 M
Non-Current Assets 5.92 B
Long-Term Investments 0
PP&E 2.28 B
Other Non-Current Assets 3.65 B
7.96 %4.04 %32.79 %52.51 %Total Assets$6.9b
Current Liabilities 257 M
Accounts Payable 108 M
Short-Term Debt 2.04 M
Other Current Liabilities 147 M
Non-Current Liabilities 4.19 B
Long-Term Debt 3.13 B
Other Non-Current Liabilities 1.06 B
3.30 %70.32 %23.92 %Total Liabilities$4.4b
EFFICIENCY
Earnings Waterfall Telesat Corporation
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Revenue 571 M
Cost Of Revenue 38 M
Gross Profit 533 M
Operating Expenses 573 M
Operating Income -40.3 M
Other Expenses 262 M
Net Income -302 M
600m600m500m500m400m400m300m300m200m200m100m100m00(100m)(100m)(200m)(200m)(300m)(300m)(400m)(400m)571m(38m)533m(573m)(40m)(262m)(302m)RevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
93.35% GROSS MARGIN
93.35%
-7.05% OPERATING MARGIN
-7.05%
-15.36% NET MARGIN
-15.36%
-12.35% ROE
-12.35%
-1.26% ROA
-1.26%
-0.58% ROIC
-0.58%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Telesat Corporation
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400m400m350m350m300m300m250m250m200m200m150m150m100m100m50m50m00(50m)(50m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income -302 M
Depreciation & Amortization 139 M
Capital Expenditures -64.9 M
Stock-Based Compensation 17.6 M
Change in Working Capital -45.1 M
Others 236 M
Free Cash Flow -2.39 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Telesat Corporation
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Wall Street analysts predict an average 1-year price target for TSAT of $20 , with forecasts ranging from a low of $20 to a high of $20 .
TSAT Lowest Price Target Wall Street Target
20 USD 23.08%
TSAT Average Price Target Wall Street Target
20 USD 23.08%
TSAT Highest Price Target Wall Street Target
20 USD 23.08%
Price
Max Price Target
Min Price Target
Average Price Target
2626242422222020181816161414121210108866Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
1.5 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
8.08.07.07.06.06.05.05.04.04.03.03.02.02.01.01.00.00.05.51.57.0020202020
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5. COMPETITION
slide 2 of 8
6. Ownership
Insider Ownership Telesat Corporation
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Sold
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9-12 MONTHS
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Bought
0 USD 0
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3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Arabsat selects Telesat Lightspeed Low Earth Orbit (LEO) services for its multi-orbit connectivity portfolio DUBAI, United Arab Emirates, May 14, 2025 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, and Arab Satellite Communications Organization (Arabsat), the top satellite service provider in the Arab world, today announced the companies have successfully negotiated and signed a Term Sheet for a multi-Gbps capacity pool of Telesat Lightspeed connectivity services. The companies executed the agreement today during a signing ceremony at the CABSAT 2025 event in Dubai. globenewswire.com - 1 month ago
Telesat Corporation (TSAT) Q1 2025 Earnings Call Transcript Telesat Corporation (NASDAQ:TSAT ) Q1 2025 Earnings Conference Call May 6, 2025 10:30 AM ET Company Participants James Ratcliffe - Vice President, Investor Relations Dan Goldberg - President & Chief Executive Officer Andrew Browne - Chief Financial Officer Conference Call Participants Chris Quilty - Quilty Space David McFadgen - Cormark Securities Operator Good morning, ladies and gentlemen. Welcome to the Conference Call to Report the First Quarter 2025 Financial Results for Telesat. seekingalpha.com - 1 month ago
Telesat Reports Results for the Quarter Ended March 31, 2025 OTTAWA, Ontario, May 06, 2025 (GLOBE NEWSWIRE) -- Telesat (Nasdaq and TSX: TSAT), one of the world's largest and most innovative satellite operators, today announced its financial results for the three month period ended March 31, 2025. All amounts are in Canadian dollars and reported under IFRS® Accounting Standards unless otherwise noted. globenewswire.com - 1 month ago
Telesat Schedules First Quarter 2025 Earnings Conference Call for May 6, 2025 OTTAWA, Ontario, April 29, 2025 (GLOBE NEWSWIRE) -- Telesat (Nasdaq and TSX: TSAT), one of the world's largest and most innovative satellite operators, has scheduled a conference call on Tuesday, May 6, 2025, at 10:30 a.m. EDT to discuss its financial results for the three month period ended March 31, 2025. The call will be hosted by Daniel S. Goldberg, President and Chief Executive Officer, and Andrew Browne, Chief Financial Officer, of Telesat. globenewswire.com - 1 month ago
Ronald Thompson Named Vice President of Telesat Government Solutions Growth ARLINGTON, Va., April 22, 2025 (GLOBE NEWSWIRE) -- Telesat Government Solutions, a wholly-owned subsidiary of Telesat (Nasdaq and TSX: TSAT), today announced Ronald Thompson Jr., Colonel (retired), USAF, as Vice President of Telesat Government Solutions Growth. In this strategic role, Mr. Thompson will function as the chief growth officer, leading the business growth strategies and business development team for the company, with a mission of expanding the government user community for the Telesat Lightspeed Low Earth Orbit (LEO) satellite network. globenewswire.com - 1 month ago
Low Earth Orbit Satellites Are The Future; Telesat Is A Speculative Player Telesat is developing a Low Earth Satellite Network, Lightspeed, to compete with Starlink and others. The company has contracts secured, and its Lightspeed network could be financially lucrative if it gains successful operation. Because of its small-cap status and Lightspeed network, Telesat is a buyout candidate. seekingalpha.com - 2 months ago
Telesat Corporation Has A Ceiling On Growth Telesat Corporation is navigating a tough transition—core revenue is falling due to expiring contracts and increased competition, just as it ramps up massive capital and operating spend for its Lightspeed satellite. While the Lightspeed LEO program has government backing and a growing contract backlog, it's still a high-risk, high-reward play. Execution needs to be near-perfect to justify the investment and current valuation. With fierce competition from players like Starlink and Amazon Kuiper, and no clear path to meaningful market share gains, DCF analysis points to a $15.20 TSAT price target—10% downside. seekingalpha.com - 2 months ago
Telesat Corporation (TSAT) Q4 2024 Earnings Call Transcript Telesat Corporation (NASDAQ:TSAT ) Q4 2024 Earnings Conference Call March 27, 2025 10:00 AM ET Company Participants James Ratcliffe - VP, IR Dan Goldberg - President & CEO Andrew Browne - CFO Conference Call Participants Edison Yu - Deutsche Bank David McFadden - Cormark Securities Chris Quilty - Quilty Space Walt Piecyk - LightShed Caleb Henry - Quilty Space Operator Good morning, ladies and gentlemen. Welcome to the Conference Call to Report the Fourth Quarter of 2024 Financial Results for Telesat. seekingalpha.com - 2 months ago
Telesat Reports Results for the Quarter and Twelve Months Ended December 31, 2024 OTTAWA, Ontario, March 27, 2025 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, today announced its financial results for the three and twelve-month periods ended December 31, 2024. All amounts are in Canadian dollars and reported under IFRS® Accounting Standards unless otherwise noted. globenewswire.com - 2 months ago
ADN Telecom signs multi-year Telesat Lightspeed partnership agreement OTTAWA, Ontario and DHAKA, Bangladesh, March 25, 2025 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, and ADN Telecom Limited (DSE & CSE: ADNTEL), a leading telecommunications company, providing the latest digital communications and satellite services in Bangladesh, signed and jointly announced today a multi-year partnership to deliver Telesat Lightspeed low earth orbit (LEO) connectivity solutions across Bangladesh and South Asia. globenewswire.com - 2 months ago
Telesat Schedules Fourth Quarter and Full Year 2024 Earnings Conference Call for March 27, 2025 OTTAWA, Ontario, March 21, 2025 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, has scheduled a conference call on Thursday, March 27, 2025, at 10:30 a.m. EDT to discuss its financial results for the three and twelve month periods ended December 31, 2024. The call will be hosted by Daniel S. Goldberg, President and Chief Executive Officer, and Andrew Browne, Chief Financial Officer, of Telesat. globenewswire.com - 2 months ago
Space Norway selects Telesat Lightspeed Low Earth Orbit (LEO) connectivity solution OTTAWA, Canada and OSLO, Norway, March 11, 2025 (GLOBE NEWSWIRE) -- Telesat (NASDAQ and TSX: TSAT), one of the world's largest and most innovative satellite operators, and Space Norway, Northern Europe's leading satellite operator, today announced the parties have signed a Term Sheet for Telesat Lightspeed Low Earth Orbit (LEO) connectivity services. globenewswire.com - 3 months ago
8. Profile Summary

Telesat Corporation TSAT

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COUNTRY CA
INDUSTRY Communication Equipment
MARKET CAP $ 238 M
Dividend Yield 0.00%
Description 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.
Contact 160 Elgin Street, Ottawa, ON, K2P 2P7 https://www.telesat.com
IPO Date July 27, 2005
Employees 610
Officers Mr. Daniel S. Goldberg J.D. President, Chief Executive Officer & Director Mr. John Flaherty Vice President of Business Planning & Marketing Mr. Michael C. Schwartz Senior Vice President of Corporate & Business Development Mr. Michel Forest Chief Technology Officer Ms. Michèle Beck Senior Vice President of Canadian Sales Mr. Glenn Katz Chief Commercial Officer Ms. France Teasdale Vice President of People Mr. Andrew Martin Browne Chief Financial Officer Mr. Christopher S. DiFrancesco Vice President, General Counsel & Secretary Mr. Asit Tandon Chief Network & Information Officer