TSAT Stock Analysis: Telesat | NASDAQ
Communication Equipment | NASDAQ, USA | Market Cap: 2.372m USD | 12M Return: 35.7% | CA8795123097 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 5.02M
Qual. Beats: 1
Rev. Trend: -99.5%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Telesat Corporation (TSAT) is a Canadian satellite operator founded in 1969 and headquartered in Ottawa, providing mission-critical communications solutions to customers across Canada, the United States, Asia, Australia, Latin America, the Caribbean, Europe, the Middle East, and Africa. The company operates through two segments: Geostationary (GEO) and Low Earth Orbit (LEO), offering a broad portfolio that includes broadcast services, enterprise connectivity, government services, direct-to-consumer broadband, and consulting related to space and earth segments. Telesat serves a diverse customer base spanning telecom carriers, broadcasters, governments, resource industries, and retail consumers, distributing its services through a direct sales force.
The global satellite communications industry is capital-intensive and characterized by long asset lifecycles, with operators competing across orbital regimes to deliver bandwidth-intensive services such as broadband, video distribution, and backhaul. Telesats planned LEO constellation positions it alongside other next-generation satellite broadband providers seeking to deliver low-latency connectivity as a complement or alternative to terrestrial fiber and wireless networks.
- Lightspeed LEO constellation funding delays pressure balance sheet
- Starlink competition threatens enterprise and government LEO contracts
- GEO broadcast revenue declines as customers shift to streaming
| Net Income: -372.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.11 > 0.02 and ΔFCF/TA -10.94 > 1.0 |
| NWC/Revenue: -961.7% < 20% (prev 143.2%; Δ -1.10k% < -1%) |
| CFO/TA -0.02 > 3% & CFO -113.4m > Net Income -372.2m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 0.17 > 1.5 & < 3 |
| Outstanding Shares: last quarter (15.2m) vs 12m ago -8.11% < -2% |
| Gross Margin: 45.63% > 18% (prev 94.43%; Δ -48.80% > 0.5%) |
| Asset Turnover: 5.35% > 50% (prev 7.24%; Δ -1.89% > 0%) |
| Interest Coverage Ratio: -3.07 > 6 (EBIT TTM -641.2m / Interest Expense TTM 209.0m) |
| A: -0.51 (Total Current Assets 714.4m - Total Current Liabilities 4.19b) / Total Assets 6.76b |
| B: 0.02 (Retained Earnings 119.0m / Total Assets 6.76b) |
| C: -0.09 (EBIT TTM -641.2m / Avg Total Assets 6.76b) |
| D: 0.07 (Book Value of Equity 376.8m / Total Liabilities 5.58b) |
| Altman-Z'' = -3.88 = D |
| DSRI: 1.40 (Receivables 74.0m/71.4m, Revenue 361.8m/489.3m) |
| GMI: 2.07 (GM 94.43% / 45.63%) |
| AQI: 0.88 (AQ_t 0.44 / AQ_t-1 0.50) |
| SGI: 0.74 (Revenue 361.8m / 489.3m) |
| TATA: -0.04 (NI -372.2m - CFO -113.4m) / TA 6.76b) |
| Beneish M = -1.99 (Cap -4..+1) = B |
As of October 13, 2026, the stock is trading at USD 45.18 with a total of 68,200 shares traded. Over the past week, the price has changed by -2.14%, over one month by -8.00%, over three months by +19.84% and over the past year by +35.68%.
Current recommended Stop Loss: 40.60 (which is 10.1% or 1.7 ATR below the current price).
Telesat has no consensus analysts rating.
| Analysts Target Price | 19 | -57.9% |
Market Cap CAD = 3.39b (2.37b USD * 1.4281 USD.CAD)
P/S = 6.559
P/B = 2.7595
Revenue TTM = 361.8m CAD
EBIT TTM = -641.2m CAD
EBITDA TTM = -505.0m CAD
Long Term Debt = 1.05b CAD (from longTermDebt, last quarter)
Short Term Debt = 2.74b CAD (from shortTermDebt, last quarter)
Debt = 3.84b CAD (from shortLongTermDebtTotal, last quarter) + Leases 40.1m
Net Debt = 3.45b CAD (calculated: Debt 3.84b - CCE 383.4m)
Enterprise Value = 6.84b CAD (3.39b + Debt 3.84b - CCE 383.4m)
Interest Coverage Ratio = -3.07 (Ebit TTM -641.2m / Interest Expense TTM 209.0m)
EV/FCF = -9.26x (Enterprise Value 6.84b / FCF TTM -738.4m)
FCF Yield = -10.80% (FCF TTM -738.4m / Enterprise Value 6.84b)
FCF Margin = -204.1% (FCF TTM -738.4m / Revenue TTM 361.8m)
Net Margin = -102.9% (Net Income TTM -372.2m / Revenue TTM 361.8m)
Gross Margin = 45.63% ((Revenue TTM 361.8m - Cost of Revenue TTM 196.7m) / Revenue TTM)
Gross Margin QoQ = 22.70% (prev 26.65%)
Tobins Q-Ratio = 1.01 (Enterprise Value 6.84b / Total Assets 6.76b)
Interest Expense / Debt = 5.45% (Interest Expense 209.0m / Debt 3.84b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -506.5m (EBIT -641.2m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.17 (Total Current Assets 714.4m / Total Current Liabilities 4.19b)
Debt / Equity = 10.18 (Debt 3.84b / totalStockholderEquity, last quarter 376.8m)
Debt / EBITDA = -6.84 (negative EBITDA) (Net Debt 3.45b / EBITDA -505.0m)
Debt / FCF = -4.68 (negative FCF - burning cash) (Net Debt 3.45b / FCF TTM -738.4m)
Total Stockholder Equity = 486.8m (last 4 quarters mean from totalStockholderEquity)
RoA = -5.51% (Net Income -372.2m / Total Assets 6.76b)
RoE = -76.45% (Net Income TTM -372.2m / Total Stockholder Equity 486.8m)
RoCE = -41.68% (EBIT -641.2m / Capital Employed (Equity 486.8m + L.T.Debt 1.05b))
RoIC = -9.57% (negative operating profit) (NOPAT -506.5m / Invested Capital 5.30b)
WACC = 8.92% (E(3.39b)/V(7.22b) * Re(14.15%) + D(3.84b)/V(7.22b) * Rd(5.45%) * (1-Tc(0.21)))
Discount Rate = 14.15% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 11.67 | Cagr: 4.76%
[DCF] Fair Price = unknown (Cash Flow -738.4m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 3.64 | # QB: 1
Revenue Correlation: -99.48 | Revenue CAGR: -23.48% | SUE: -0.01 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+0.0% | GrowthRev=-23.9%
EPS next Year (2027-12-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+0.0% | GrowthRev=-13.5%