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): 42.06%
EPS Trend (3Y Correlation): -10.8%

TSAT Revenue

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

Description: TSAT Telesat

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	1,055m
Sub-Industry	Electronic Equipment & Instruments
IPO / Inception	2021-11-19

TSAT Stock Ratings

Growth Rating	58.5%
Fundamental	23.4%
Dividend Rating	1.0%
Return 12m vs S&P 500	87.5%
Analyst Rating	-

TSAT Dividends

Currently no dividends paid

TSAT Growth Ratios

Growth Correlation 3m	-46.6%
Growth Correlation 12m	76.1%
Growth Correlation 5y	-40.4%
CAGR 5y	43.96%
CAGR/Max DD 3y	0.65
CAGR/Mean DD 3y	1.49
Sharpe Ratio 12m	-0.83
Alpha	0.17
Beta	0.712
Volatility	122.67%
Current Volume	93.1k
Average Volume 20d	65.8k
Stop Loss	23.6 (-6.9%)
Signal	-0.29

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 -1.76pp (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 95.32% (prev 62.33%; Δ 32.99pp) >=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) 23.35

1. Piotroski 1.0pt = -4.0

2. FCF Yield 0.03% = 0.02

3. FCF Margin 0.26% = 0.07

4. Debt/Equity 4.97 = -2.50

5. Debt/Ebitda data missing

6. ROIC - WACC (= -8.10)% = -10.13

7. RoE -14.49% = -2.42

8. Rev. Trend -95.41% = -7.16

9. EPS Trend -10.78% = -0.54

What is the price of TSAT shares?

As of September 18, 2025, the stock is trading at USD 25.34 with a total of 93,131 shares traded.
Over the past week, the price has changed by +20.32%, over one month by +15.87%, over three months by +34.93% and over the past year by +122.28%.

Is Telesat a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, Telesat (NASDAQ:TSAT) is currently (September 2025) a stock to sell. It has a ValueRay Fundamental Rating of 23.35 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 23.26 USD . This means that TSAT is currently overvalued and has a potential downside of -8.21%.

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	-24.9%
Analysts Target Price	19	-24.9%
ValueRay Target Price	24.8	-2.1%

Last update: 2025-09-04 04:49

TSAT Fundamental Data Overview

Market Cap CAD = 1.45b (1.05b USD * 1.3775 USD.CAD)
CCE Cash And Equivalents = 547.8m CAD (Cash And Short Term Investments, last quarter)
P/S = 2.156
P/B = 0.6159
Beta = 1.99
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 = 171.7m CAD (from totalCurrentLiabilities, last quarter)
Debt = 3.36b CAD (Calculated: Short Term 171.7m + Long Term 3.19b)
Net Debt = 2.64b CAD (from netDebt column, last quarter)
Enterprise Value = 4.26b CAD (1.45b + Debt 3.36b - 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 4.26b)
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 = 95.32% ((Revenue TTM 489.3m - Cost of Revenue TTM 22.9m) / Revenue TTM)
Tobins Q-Ratio = 6.30 (Enterprise Value 4.26b / Book Value Of Equity 676.3m)
Interest Expense / Debt = 1.60% (Interest Expense 53.6m / Debt 3.36b)
Taxrate = 4.79% (3.80m / 79.3m)
NOPAT = -170.6m (EBIT -170.6m, no tax applied on loss)
Current Ratio = 5.08 (Total Current Assets 872.4m / Total Current Liabilities 171.7m)
Debt / Equity = 4.97 (Debt 3.36b / last Quarter total Stockholder Equity 676.3m)
Debt / EBITDA = -107.1 (Net Debt 2.64b / EBITDA -31.3m)
Debt / EBITDA = -107.1 --> set to None
Debt / FCF = 2591 (Debt 3.36b / FCF TTM 1.30m)
Total Stockholder Equity = 710.4m (last 4 quarters mean)
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 / (Equity 710.4m + L.T.Debt 3.19b))
RoIC = -4.43% (NOPAT -170.6m / Invested Capital 3.85b)
WACC = 3.67% (E(1.45b)/V(4.81b) * Re(8.64%)) + (D(3.36b)/V(4.81b) * Rd(1.60%) * (1-Tc(0.05)))
Shares Correlation 3-Years: 57.58 | Cagr: 2.60%
Discount Rate = 8.64% (= CAPM, Blume Beta Adj.)
[DCF Debug] Terminal Value 67.80% ; FCFE base≈46.3m ; Y1≈30.4m ; Y5≈13.9m
Fair Price DCF = 16.86 (DCF Value 247.6m / Shares Outstanding 14.7m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -10.78 | EPS CAGR: 42.06% | SUE: 1.24 | # QB: 1
Revenue Correlation: -95.41 | Revenue CAGR: -17.50% | SUE: -0.03 | # QB: 0

Additional Sources for TSAT Stock

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