TELESAT CORP (TSAT.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:TSAT • CA8795123097

39.92 CAD
+0.28 (+0.71%)
Last: Feb 2, 2026, 07:00 PM
Fundamental Rating

2

TSAT gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 30 industry peers in the Diversified Telecommunication Services industry. The financial health of TSAT is average, but there are quite some concerns on its profitability. TSAT has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year TSAT has reported negative net income.
  • In the past year TSAT had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: TSAT reported negative net income in multiple years.
  • In the past 5 years TSAT always reported a positive cash flow from operatings.
TSAT.CA Yearly Net Income VS EBIT VS OCF VS FCFTSAT.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M -1B

1.2 Ratios

  • The Return On Assets of TSAT (-2.25%) is worse than 86.67% of its industry peers.
  • TSAT's Return On Equity of -23.41% is on the low side compared to the rest of the industry. TSAT is outperformed by 86.67% of its industry peers.
  • TSAT's Return On Invested Capital of 1.16% is on the low side compared to the rest of the industry. TSAT is outperformed by 86.67% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for TSAT is in line with the industry average of 5.00%.
Industry RankSector Rank
ROA -2.25%
ROE -23.41%
ROIC 1.16%
ROA(3y)0.29%
ROA(5y)1.38%
ROE(3y)2.17%
ROE(5y)9.65%
ROIC(3y)3.76%
ROIC(5y)4.41%
TSAT.CA Yearly ROA, ROE, ROICTSAT.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 100

1.3 Margins

  • Looking at the Operating Margin, with a value of 19.98%, TSAT is doing worse than 83.33% of the companies in the same industry.
  • In the last couple of years the Operating Margin of TSAT has declined.
  • TSAT has a better Gross Margin (94.29%) than 100.00% of its industry peers.
  • TSAT's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 19.98%
PM (TTM) N/A
GM 94.29%
OM growth 3Y-0.65%
OM growth 5Y-5.65%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.93%
GM growth 5Y-0.54%
TSAT.CA Yearly Profit, Operating, Gross MarginsTSAT.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60 80

More info and screens

4

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so TSAT is destroying value.
  • The number of shares outstanding for TSAT has been increased compared to 1 year ago.
  • Compared to 5 years ago, TSAT has less shares outstanding
  • The debt/assets ratio for TSAT has been reduced compared to a year ago.
TSAT.CA Yearly Shares OutstandingTSAT.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
TSAT.CA Yearly Total Debt VS Total AssetsTSAT.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

  • Based on the Altman-Z score of 0.53, we must say that TSAT is in the distress zone and has some risk of bankruptcy.
  • TSAT has a Altman-Z score of 0.53. This is amonst the worse of the industry: TSAT underperforms 86.67% of its industry peers.
  • TSAT has a Debt/Equity ratio of 4.96. This is a high value indicating a heavy dependency on external financing.
  • TSAT has a Debt to Equity ratio of 4.96. This is amonst the worse of the industry: TSAT underperforms 90.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 4.96
Debt/FCF N/A
Altman-Z 0.53
ROIC/WACC0.2
WACC5.82%
TSAT.CA Yearly LT Debt VS Equity VS FCFTSAT.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B 2B 3B

2.3 Liquidity

  • TSAT has a Current Ratio of 4.11. This indicates that TSAT is financially healthy and has no problem in meeting its short term obligations.
  • TSAT's Current ratio of 4.11 is amongst the best of the industry. TSAT outperforms 100.00% of its industry peers.
  • TSAT has a Quick Ratio of 4.11. This indicates that TSAT is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 4.11, TSAT belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 4.11
Quick Ratio 4.11
TSAT.CA Yearly Current Assets VS Current LiabilitesTSAT.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

More info and screens

2

3. Growth

3.1 Past

  • TSAT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -387.98%.
  • The Revenue for TSAT has decreased by -25.79% in the past year. This is quite bad
  • TSAT shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -8.92% yearly.
EPS 1Y (TTM)-387.98%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-293.5%
Revenue 1Y (TTM)-25.79%
Revenue growth 3Y-9.02%
Revenue growth 5Y-8.92%
Sales Q2Q%-27%

3.2 Future

  • TSAT is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -20.52% yearly.
  • The Revenue is expected to grow by 15.49% on average over the next years. This is quite good.
EPS Next Y33.49%
EPS Next 2Y-57.33%
EPS Next 3Y-20.52%
EPS Next 5YN/A
Revenue Next Year-26.26%
Revenue Next 2Y-21.81%
Revenue Next 3Y-8.05%
Revenue Next 5Y15.49%

3.3 Evolution

  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
TSAT.CA Yearly Revenue VS EstimatesTSAT.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 500M 1B 1.5B
TSAT.CA Yearly EPS VS EstimatesTSAT.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2024 2025 2026 2027 0 -2 -4 -6 -8 -10

More info and screens

0

4. Valuation

4.1 Price/Earnings Ratio

  • TSAT reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Also next year TSAT is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
TSAT.CA Price Earnings VS Forward Price EarningsTSAT.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20

4.2 Price Multiples

  • 86.67% of the companies in the same industry are cheaper than TSAT, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 20.84
TSAT.CA Per share dataTSAT.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 -20 -30 -40

4.3 Compensation for Growth

  • TSAT's earnings are expected to decrease with -20.52% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-57.33%
EPS Next 3Y-20.52%

More info and screens

0

5. Dividend

5.1 Amount

  • TSAT does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

TELESAT CORP

TSX:TSAT (2/2/2026, 7:00:00 PM)

39.92

+0.28 (+0.71%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)11-04
Earnings (Next)03-25
Inst Owners57.8%
Inst Owner ChangeN/A
Ins Owners4.24%
Ins Owner ChangeN/A
Market Cap2.04B
Revenue(TTM)451.91M
Net Income(TTM)-156.12M
Analysts80
Price Target70.12 (75.65%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)84.69%
Min EPS beat(2)29.51%
Max EPS beat(2)139.87%
EPS beat(4)3
Avg EPS beat(4)61.21%
Min EPS beat(4)-110.16%
Max EPS beat(4)185.61%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-3.27%
Min Revenue beat(2)-5.43%
Max Revenue beat(2)-1.11%
Revenue beat(4)2
Avg Revenue beat(4)0.16%
Min Revenue beat(4)-5.43%
Max Revenue beat(4)4.03%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)1.19%
PT rev (3m)57.19%
EPS NQ rev (1m)-21.09%
EPS NQ rev (3m)17.37%
EPS NY rev (1m)33.52%
EPS NY rev (3m)50.21%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.03%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 4.51
P/FCF N/A
P/OCF 21.42
P/B 3.06
P/tB N/A
EV/EBITDA 20.84
EPS(TTM)-8.35
EYN/A
EPS(NY)-13.51
Fwd EYN/A
FCF(TTM)-19.76
FCFYN/A
OCF(TTM)1.86
OCFY4.67%
SpS8.85
BVpS13.06
TBVpS-45.8
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -2.25%
ROE -23.41%
ROCE 1.34%
ROIC 1.16%
ROICexc 1.25%
ROICexgc 2.42%
OM 19.98%
PM (TTM) N/A
GM 94.29%
FCFM N/A
ROA(3y)0.29%
ROA(5y)1.38%
ROE(3y)2.17%
ROE(5y)9.65%
ROIC(3y)3.76%
ROIC(5y)4.41%
ROICexc(3y)4.87%
ROICexc(5y)5.57%
ROICexgc(3y)14.76%
ROICexgc(5y)17.44%
ROCE(3y)4.34%
ROCE(5y)5.08%
ROICexgc growth 3Y-28.13%
ROICexgc growth 5Y-25.47%
ROICexc growth 3Y-17.12%
ROICexc growth 5Y-18.41%
OM growth 3Y-0.65%
OM growth 5Y-5.65%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.93%
GM growth 5Y-0.54%
F-Score3
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 4.96
Debt/FCF N/A
Debt/EBITDA 14.26
Cap/Depr 779.45%
Cap/Sales 244.48%
Interest Coverage 0.49
Cash Conversion 41.04%
Profit Quality N/A
Current Ratio 4.11
Quick Ratio 4.11
Altman-Z 0.53
F-Score3
WACC5.82%
ROIC/WACC0.2
Cap/Depr(3y)301.38%
Cap/Depr(5y)217.49%
Cap/Sales(3y)74.26%
Cap/Sales(5y)55.15%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-387.98%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-293.5%
EPS Next Y33.49%
EPS Next 2Y-57.33%
EPS Next 3Y-20.52%
EPS Next 5YN/A
Revenue 1Y (TTM)-25.79%
Revenue growth 3Y-9.02%
Revenue growth 5Y-8.92%
Sales Q2Q%-27%
Revenue Next Year-26.26%
Revenue Next 2Y-21.81%
Revenue Next 3Y-8.05%
Revenue Next 5Y15.49%
EBIT growth 1Y-64.6%
EBIT growth 3Y-9.61%
EBIT growth 5Y-14.06%
EBIT Next Year-11.56%
EBIT Next 3Y-5.28%
EBIT Next 5Y26.1%
FCF growth 1Y-951.76%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-57.46%
OCF growth 3Y-40.49%
OCF growth 5Y-30.15%

TELESAT CORP / TSAT.CA FAQ

Can you provide the ChartMill fundamental rating for TELESAT CORP?

ChartMill assigns a fundamental rating of 2 / 10 to TSAT.CA.


Can you provide the valuation status for TELESAT CORP?

ChartMill assigns a valuation rating of 0 / 10 to TELESAT CORP (TSAT.CA). This can be considered as Overvalued.


Can you provide the profitability details for TELESAT CORP?

TELESAT CORP (TSAT.CA) has a profitability rating of 3 / 10.


What is the financial health of TELESAT CORP (TSAT.CA) stock?

The financial health rating of TELESAT CORP (TSAT.CA) is 4 / 10.


What is the expected EPS growth for TELESAT CORP (TSAT.CA) stock?

The Earnings per Share (EPS) of TELESAT CORP (TSAT.CA) is expected to grow by 33.49% in the next year.