Overview Dividends

(TSAT) Telesat - Ratings and Ratios

Exchange: NASDAQ • Country: Canada • Currency: USD • Type: Common Stock • ISIN: CA8795123097

Satellites, Broadband, Communications, Geostationary, LEO Network

TSAT EPS (Earnings per Share)

EPS Growth (3Y CAGR): -6.68%
EPS Trend (3Y Correlation): -39.7%

TSAT Revenue

Revenue Growth (3Y CAGR): -17.50%
Revenue Trend (3Y Correlation): -95.4%

Description: TSAT Telesat August 26, 2025

Telesat Corp (NASDAQ:TSAT) is a Canadian company operating in the Electronic Equipment & Instruments sub-industry. The companys stock is currently trading at $20.96, with a market capitalization of $1.12 billion.

From a financial perspective, Telesats negative Return on Equity (ROE) of -14.49% indicates that the company is currently unprofitable. The absence of a Price-to-Earnings (P/E) ratio further suggests that the company is not generating earnings. Key drivers to watch include revenue growth, operating margins, and cash flow generation, which will be crucial in determining the companys ability to achieve profitability.

The satellite communications industry is characterized by high barriers to entry, significant upfront capital expenditures, and growing demand for high-speed data transmission. Telesats competitive position and ability to execute on its business plan will be critical in driving future growth. Key Performance Indicators (KPIs) to monitor include the companys backlog, revenue growth rate, and capital expenditure requirements.

Economic drivers influencing Telesats business include the increasing demand for satellite-based connectivity, driven by the growing need for global communication networks, particularly in remote and underserved areas. The companys ability to capitalize on this trend, while navigating the competitive landscape, will be essential in driving long-term value creation for shareholders.

TSAT Stock Overview

Market Cap in USD	1,544m
Sub-Industry	Electronic Equipment & Instruments
IPO / Inception	2021-11-19

TSAT Stock Ratings

Growth Rating	60.2%
Fundamental	17.1%
Dividend Rating	1.0%
Return 12m vs S&P 500	100.0%
Analyst Rating	-

TSAT Dividends

Currently no dividends paid

TSAT Growth Ratios

Growth Correlation 3m	82.9%
Growth Correlation 12m	76.3%
Growth Correlation 5y	-33.7%
CAGR 5y	46.12%
CAGR/Max DD 3y (Calmar Ratio)	0.68
CAGR/Mean DD 3y (Pain Ratio)	1.46
Sharpe Ratio 12m	-0.24
Alpha	80.40
Beta	2.025
Volatility	82.96%
Current Volume	103.8k
Average Volume 20d	103.3k
Stop Loss	24.9 (-7.3%)
Signal	-1.35

Piotroski VR‑10 (Strict, 0-10) 1.0

Net Income (-103.0m TTM) > 0 and > 6% of Revenue (6% = 29.4m TTM)

FCFTA 0.00 (>2.0%) and ΔFCFTA 0.11pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 143.2% (prev 206.2%; Δ -63.00pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.02 (>3.0%) and CFO 104.3m > Net Income -103.0m (YES >=105%, WARN >=100%)

NO Net Debt/EBITDA fails (EBITDA <= 0)

Current Ratio 5.08 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (16.6m) change vs 12m ago 4.45% (target <= -2.0% for YES)

Gross Margin 94.43% (prev 62.33%; Δ 32.10pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 7.44% (prev 10.08%; Δ -2.64pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -0.75 (EBITDA TTM -31.3m / Interest Expense TTM 228.0m) >= 6 (WARN >= 3)

Altman Z'' 0.90

(A) 0.10 = (Total Current Assets 872.4m - Total Current Liabilities 171.7m) / Total Assets 6.75b

(B) 0.07 = Retained Earnings (Balance) 487.3m / Total Assets 6.75b

(D) 0.15 = Book Value of Equity 676.3m / Total Liabilities 4.48b

Total Rating: 0.90 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 17.06

1. Piotroski 1.0pt = -4.0

2. FCF Yield 0.03% = 0.01

3. FCF Margin 0.26% = 0.07

4. Debt/Equity 4.71 = -2.46

5. Debt/Ebitda -84.20 = -2.50

6. ROIC - WACC (= -10.63)% = -12.50

7. RoE -14.49% = -2.42

8. Rev. Trend -95.41% = -7.16

9. EPS Trend -39.71% = -1.99

What is the price of TSAT shares?

As of November 07, 2025, the stock is trading at USD 26.86 with a total of 103,758 shares traded.
Over the past week, the price has changed by -10.12%, over one month by -12.79%, over three months by +5.46% and over the past year by +129.57%.

Is Telesat a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, Telesat (NASDAQ:TSAT) is currently (November 2025) a stock to sell. It has a ValueRay Fundamental Rating of 17.06 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of TSAT is around 24.58 USD . This means that TSAT is currently overvalued and has a potential downside of -8.49%.

Is TSAT a buy, sell or hold?

Telesat has no consensus analysts rating.

What are the forecasts/targets for the TSAT price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	19	-29.1%
Analysts Target Price	19	-29.1%
ValueRay Target Price	26.9	0.1%

TSAT Fundamental Data Overview November 04, 2025

Market Cap CAD = 2.17b (1.54b USD * 1.4067 USD.CAD)
P/S = 3.1555
P/B = 0.8457
Beta = 2.025
Revenue TTM = 489.3m CAD
EBIT TTM = -170.6m CAD
EBITDA TTM = -31.3m CAD
Long Term Debt = 3.19b CAD (from longTermDebt, last quarter)
Short Term Debt = 2.04m CAD (from shortTermDebt, last fiscal year)
Debt = 3.19b CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.64b CAD (from netDebt column, last quarter)
Enterprise Value = 4.81b CAD (2.17b + Debt 3.19b - CCE 547.8m)
Interest Coverage Ratio = -0.75 (Ebit TTM -170.6m / Interest Expense TTM 228.0m)
FCF Yield = 0.03% (FCF TTM 1.30m / Enterprise Value 4.81b)
FCF Margin = 0.26% (FCF TTM 1.30m / Revenue TTM 489.3m)
Net Margin = -21.04% (Net Income TTM -103.0m / Revenue TTM 489.3m)
Gross Margin = 94.43% ((Revenue TTM 489.3m - Cost of Revenue TTM 27.2m) / Revenue TTM)
Gross Margin QoQ = 95.91% (prev 94.25%)
Tobins Q-Ratio = 0.71 (Enterprise Value 4.81b / Total Assets 6.75b)
Interest Expense / Debt = 1.68% (Interest Expense 53.6m / Debt 3.19b)
Taxrate = 4.79% (3.80m / 79.3m)
NOPAT = -162.5m (EBIT -170.6m * (1 - 4.79%)) [loss with tax shield]
Current Ratio = 5.08 (Total Current Assets 872.4m / Total Current Liabilities 171.7m)
Debt / Equity = 4.71 (Debt 3.19b / totalStockholderEquity, last quarter 676.3m)
Debt / EBITDA = -84.20 (negative EBITDA) (Net Debt 2.64b / EBITDA -31.3m)
Debt / FCF = 2037 (out of range, set to none) (Net Debt 2.64b / FCF TTM 1.30m)
Total Stockholder Equity = 710.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -1.52% (Net Income -103.0m / Total Assets 6.75b)
RoE = -14.49% (Net Income TTM -103.0m / Total Stockholder Equity 710.4m)
RoCE = -4.38% (EBIT -170.6m / Capital Employed (Equity 710.4m + L.T.Debt 3.19b))
RoIC = -4.22% (negative operating profit) (NOPAT -162.5m / Invested Capital 3.85b)
WACC = 6.42% (E(2.17b)/V(5.36b) * Re(13.48%) + D(3.19b)/V(5.36b) * Rd(1.68%) * (1-Tc(0.05)))
Discount Rate = 13.48% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -2.12%
[DCF Debug] Terminal Value 50.28% ; FCFE base≈1.30m ; Y1≈850.9k ; Y5≈389.1k
Fair Price DCF = 0.28 (DCF Value 4.04m / Shares Outstanding 14.7m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -39.71 | EPS CAGR: -6.68% | SUE: 0.97 | # QB: 2
Revenue Correlation: -95.41 | Revenue CAGR: -17.50% | SUE: -0.03 | # QB: 0

Additional Sources for TSAT Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle