Telesat Corp stock analysis
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Telesat Corp (TSAT) Stock Price & Analysis
TSAT Stock Chart & Stats
- Day’s Range
- CAD 60.89 - CAD 66.74
- 52-Week Range
- CAD 32.60 - CAD 85.50
- Previous Close
- CAD 64.58
- Volume
- N/A
- Average Volume (3M)
- 59.90K
- Market Cap
- CAD 989.06M
- Enterprise Value
- CAD 4.94B
- Total Cash (Recent Filing)
- CAD 814.38M
- Total Debt (Recent Filing)
- CAD 4.06B
- Price to Earnings (P/E)
- ―
- Beta
- 1.73
- Next Earnings
- Apr 01, 2027 (Est.)
- EPS Estimate
- -1.67
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Large Contracted Lightspeed Backlog
The ESCAPE contract provides substantial long-duration demand visibility and validates Lightspeed with a government customer. A backlog of approximately $5.6 billion can support future revenue scaling, improve network utilization, and strengthen the platform’s competitive position as deployment progresses.
Funded LEO Expansion
Significant committed financing and milestone funding reduce the risk that Lightspeed’s build is interrupted before commercial service. The funding package, cash resources, and contingency provide a clearer path to the planned Q1 2028 launch, supporting execution and long-term growth.
GEO Contract And Incentive Support
The expanded GEO backlog offers contracted revenue support while Lightspeed is being developed, helping bridge the company’s existing business into its next platform. C-band proceeds can also provide additional financial resources for network transition and corporate funding needs.
Bears Say
Extreme Leverage And Thin Equity
Very high leverage and a sharply reduced equity base leave limited financial flexibility if operating performance weakens. Heavy debt also raises refinancing dependence and interest burden, potentially constraining investment, delaying strategic decisions, and increasing balance-sheet sensitivity.
Falling Revenue And Large Losses
Declining revenue combined with a very large net loss indicates that the current business is not yet converting its asset base into reliable earnings. Persistent losses can weaken equity, reduce internally generated funding, and make the transition to Lightspeed more financially demanding.
Negative And Volatile Free Cash Flow
Strong operating cash flow is being absorbed by substantial investment spending, leaving free cash flow negative despite the company’s highly leveraged balance sheet. Continued capital intensity increases reliance on financing and makes execution more exposed to delays, cost increases, or weaker legacy cash generation.
Telesat Corp News
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Telesat Corp Stock Smart Score
Company Description
Telesat Corp
Telesat Corporation functions as a premier satellite communications provider, delivering essential connectivity solutions worldwide to clients in the broadcast, enterprise, and consulting fields. The company empowers direct-to-home (DTH) service providers to transmit television, audio, and data channels straight into customers' residences. It also enables broadcasters, cable networks, and DTH operators to disseminate television programming. Complementary services include satellite bandwidth, digital video encoding, access control, and ground station uplinking and downlinking. For temporary communication needs, such as live news, sports, and event coverage, Telesat offers occasional use services. For businesses, Telesat provides complete satellite and ground infrastructure services to support enterprise connectivity, internet and cellular backhaul, and rural telephony for telecommunications carriers and network services integrators. Furthermore, its broadband communication services cater to the maritime and aeronautical sectors, supporting commercial airplanes and vessels. Telesat also serves the U.S. government through integrators, provides satellite services to the Canadian government, and offers direct-to-consumer broadband. Its operations extend to the oil and gas and mining industries, where it manages satellite and hybrid satellite/terrestrial networks. Additionally, the company provides satellite operator support and expert consulting on space and earth segments, government analyses, satellite control, and research and development. Telesat primarily reaches its customers via a dedicated direct sales team. As of December 31, 2021, the company's assets included a constellation of 14 geostationary satellites in orbit and a Canadian payload hosted on the ViaSat-1 satellite. Founded in 1969, Telesat Corporation is based in Ottawa, Canada.
- Sector
- Technology
- Industry
- Telecommunications Services
- CEO
- Daniel S. Goldberg
- Employees
- 711
- Website
- www.telesat.com
- Address
- 160 Elgin Street, Ottawa, ON, K2P 2P7, CA
Telesat Corp (TSAT) Earnings & Revenues
TSAT Earnings Call
Earnings Call SentimentPositive
The call conveyed strong strategic and operational momentum: a landmark ESCAPE contract, Lightspeed backlog of ~$5.6B, expansion to a 225‑satellite constellation, secured financing availability (including US$1.6B facility, vendor financing and ESCAPE milestone payments) and a target commercial service date of Q1 2028. At the same time, near‑term financials showed material pain: a Q2 consolidated net loss of $559M driven by a $475M warrant revaluation and FX effects, a 26% YoY decline in GEO revenue, lower GEO EBITDA, satellite retirements impacting utilization, and remaining refinancing/maturity risks. Overall, strategic positives and secure funding for Lightspeed are substantial and provide credible upside, but the company faces meaningful near‑term earnings volatility, legacy GEO headwinds and refinancing execution risk.
View all TSE:TSAT earnings summariesTSAT Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 16 | 3 | 3 |
| Technical Analysis | 4 | 3 | 3 |
| Moving Averages | 12 | 0 | 0 |











