Telesat Corp (TSAT) AI Stock Analysis

• Market Cap: C$592.22M
• Dividend Yield: N/A
• Average Volume (3M): 20.02K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.94
• Revenue Growth: -25.79%
• EPS Growth: -413.48%
• Country: CA
• Employees: 610
• Sector: Technology
• Sector Strength: 88
• Industry: Communication Equipment
• EPS (TTM): -2.38
• Shares Outstanding: 14,685,375
• 10 Day Avg. Volume: 17,403
• 30 Day Avg. Volume: 20,020
• PEG Ratio: 0.02
• Price to Book (P/B): 0.46
• Price to Sales (P/S): 0.58
• P/FCF Ratio: -137.68
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -4.11
• Revenue Forecast (FY): C$416.80M

• Rating: 41 Neutral
• Price Target: C$36.00 ▼(-24.46% Downside)

Telesat Corp's overall stock score is primarily impacted by significant financial challenges, including declining revenues and high leverage. Technical analysis provides mixed signals, with some positive momentum but potential bearish indicators. Valuation is unattractive due to negative earnings and lack of dividend yield. The earnings call offers a balanced outlook with some positive developments, but financial difficulties remain a concern.

Telesat Corp Business Overview & Revenue Model

Company Description

Telesat Corp (TSAT) is a leading global satellite operator, providing satellite-based communication services to various sectors, including telecommunications, broadcasting, and government. The company operates a fleet of geostationary satellites, offering solutions for broadband internet, video distribution, and secure communications. Telesat is known for its advanced technology and innovation in satellite communications, aiming to meet the growing demand for high-capacity connectivity across the globe.

How the Company Makes Money

Telesat generates revenue primarily through the leasing of satellite capacity to commercial and government clients. This includes long-term contracts with telecom operators for broadband services and partnerships with media companies for television distribution. Additionally, Telesat earns income from its data services and managed network solutions. The company has strategic partnerships with various industry players, enhancing its service offerings and market reach. Factors contributing to Telesat's earnings include the increasing demand for high-speed internet access, particularly in remote and underserved areas, and the growing reliance on satellite communications for secure and resilient connectivity.

Telesat Corp Financial Statement Overview

Summary

Telesat Corp faces significant financial challenges with declining revenues, high leverage, and negative profitability. The income statement shows a negative revenue growth rate and net profit margin, while the balance sheet reveals high debt and negative return on equity. Cash flow analysis indicates severe decline in free cash flow growth, highlighting cash flow challenges.

Income Statement

Telesat Corp's income statement shows a declining revenue trend with a negative revenue growth rate of -8.65% in the TTM. The company has a high gross profit margin of 95.32%, indicating efficient cost management. However, the net profit margin is negative at -21.04%, reflecting significant losses. The EBIT and EBITDA margins are also negative, suggesting operational challenges.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 4.71, indicating significant leverage and potential financial risk. Return on equity is negative at -14.49%, showing the company is not generating positive returns for shareholders. The equity ratio is relatively low, suggesting a reliance on debt financing.

Cash Flow

Cash flow analysis indicates a severe decline in free cash flow growth by -97.15% in the TTM. The operating cash flow to net income ratio is 0.61, showing some cash generation capability, but the free cash flow to net income ratio is very low at 0.01, highlighting cash flow challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	489.29M	571.04M	704.16M	759.17M	758.21M	820.47M
Gross Profit	466.39M	533.07M	665.65M	705.16M	728.00M	787.10M
EBITDA	-31.35M	67.02M	1.14B	394.71M	626.05M	634.74M
Net Income	-102.95M	-87.72M	157.12M	-80.12M	157.76M	244.82M
Balance Sheet
Total Assets	6.75B	6.95B	6.27B	6.48B	6.37B	5.58B
Cash, Cash Equivalents and Short-Term Investments	547.80M	552.63M	1.67B	1.68B	1.45B	818.83M
Total Debt	3.19B	3.13B	3.23B	3.85B	3.79B	3.22B
Total Liabilities	4.48B	4.45B	3.88B	4.64B	4.67B	4.12B
Stockholders Equity	676.26M	710.28M	661.92M	480.37M	416.52M	1.46B
Cash Flow
Free Cash Flow	1.30M	-2.39M	29.58M	164.27M	260.61M	355.35M
Operating Cash Flow	104.32M	62.46M	169.09M	228.85M	296.39M	371.68M
Investing Cash Flow	-1.28B	-1.09B	211.93M	74.00K	-272.86M	-92.23M
Financing Cash Flow	290.01M	-170.20M	-354.65M	-104.86M	605.24M	-450.24M

Telesat Corp Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 47.66
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TSAT, the sentiment is Neutral. The current price of 47.66 is above the 20-day moving average (MA) of 43.14, above the 50-day MA of 38.30, and above the 200-day MA of 30.45, indicating a neutral trend. The MACD of -0.37 indicates Positive momentum. The RSI at 39.37 is Neutral, neither overbought nor oversold. The STOCH value of 17.66 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:TSAT.

Telesat Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
VCM	53 Neutral	C$243.15M	-13.69	-7.92%	2.20%	-1.78%	-191.59%
NVI	50 Neutral	C$2.66M	7.65	―	―	-16.93%	―
CMI	46 Neutral	C$38.88M	―	-4.10%	5.56%	-46.11%	-149.26%
TSAT	41 Neutral	C$592.22M	―	-21.63%	―	-25.79%	-413.48%

Telesat Corp Corporate Events

Telesat Corporation Reports Q3 2025 Financial Results

Telesat Corporation is a leading global satellite operator known for its innovative solutions in the telecommunications sector, providing critical connectivity services worldwide. The company recently released its financial results for the quarter and nine months ending September 30, 2025, highlighting significant developments and financial metrics.

Telesat Corporation Releases Q3 2025 Financial Results

On November 4, 2025, Telesat Corporation released its quarterly report for the three and nine-month periods ending September 30, 2025. The report, filed with the Securities and Exchange Commission, includes certifications from the CEO and CFO, highlighting the company’s commitment to transparency and regulatory compliance. This release is significant for stakeholders as it provides insights into the company’s financial performance and operational status, which are crucial for assessing its market position and future prospects.

The most recent analyst rating on (TSE:TSAT) stock is a Hold with a C$43.00 price target. To see the full list of analyst forecasts on Telesat Corp stock, see the TSE:TSAT Stock Forecast page.

Telesat Reports Financial Decline Amid Strategic Changes

On November 4, 2025, Telesat announced its financial results for the quarter and nine months ended September 30, 2025. The company reported a 27% decrease in revenue for both periods compared to 2024, primarily due to lower rates and expired agreements with North American customers. Operating expenses increased by 26% for the quarter, driven by higher legal fees and LEO headcount growth. Telesat also reported a net loss of $121 million for the quarter, compared to a net income of $68 million in 2024, due to lower revenue and foreign exchange losses. The company distributed 62% of the equity in Telesat Lightspeed to an indirect subsidiary and appointed Donald Tremblay as CFO in August 2025.

The most recent analyst rating on (TSE:TSAT) stock is a Hold with a C$43.00 price target. To see the full list of analyst forecasts on Telesat Corp stock, see the TSE:TSAT Stock Forecast page.

Telesat Completes Major Equity Distribution of Lightspeed Business

On September 12, 2025, Telesat announced the completion of a significant equity distribution, transferring 62% of the equity of its Telesat Lightspeed business to an indirect subsidiary wholly owned by Telesat Canada’s parent entities. This transaction does not affect the company’s operations, but it marks a strategic move in managing its business structure, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (TSE:TSAT) stock is a Hold with a C$28.00 price target. To see the full list of analyst forecasts on Telesat Corp stock, see the TSE:TSAT Stock Forecast page.

Telesat Appoints Donald Tremblay as New CFO

On August 27, 2025, Telesat Corporation announced the appointment of Donald Tremblay as its new Chief Financial Officer, effective October 20, 2025. Tremblay, who brings over 35 years of financial expertise, will succeed Andrew Browne, who is retiring. Tremblay’s extensive experience in financial leadership and capital markets is expected to support Telesat’s growth plans and enhance its market position. The transition marks a pivotal moment for Telesat as it continues to innovate and expand its satellite services, with implications for stakeholders as the company aims to deliver high-quality services and create significant value.

The most recent analyst rating on (TSE:TSAT) stock is a Sell with a C$27.00 price target. To see the full list of analyst forecasts on Telesat Corp stock, see the TSE:TSAT Stock Forecast page.

Telesat’s Earnings Call: Mixed Sentiments and Strategic Moves

Telesat Corporation’s recent earnings call presented a mixed sentiment, reflecting both achievements and challenges. The company showcased significant strides in debt management and the performance of its LEO segment. However, it also faces hurdles with declining revenues, particularly in the GEO segment, and uncertainties surrounding debt refinancing. Despite these challenges, Telesat maintains a robust cash position, though its net income has seen a reduction. Overall, the call balanced both positive and negative aspects of the company’s current financial standing.

Telesat Corporation Reports Q2 2025 Financial Results

Telesat Corporation is a leading global satellite operator known for delivering critical connectivity solutions across various sectors, including enterprise, aviation, maritime, and government. Recently, Telesat reported its financial results for the quarter and six months ending June 30, 2025, highlighting significant progress in its Telesat Lightspeed project and steady performance in its GEO segment.

Telesat Reports Decline in Revenue Amid Strategic Progress

Telesat Corporation reported a significant decrease in revenue and adjusted EBITDA for the quarter and six months ending June 30, 2025, compared to the previous year. The decline was attributed to a lower rate on a long-term agreement with a North American television customer, reductions in services for other customers, and lower LEO consulting revenues. Despite these challenges, Telesat is making progress with its Telesat Lightspeed project, maintaining a backlog of over $1 billion, and continues to focus on expanding opportunities across its target segments.

The most recent analyst rating on (TSE:TSAT) stock is a Buy with a C$28.00 price target. To see the full list of analyst forecasts on Telesat Corp stock, see the TSE:TSAT Stock Forecast page.