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Telesat Corporation, a satellite operator, offers mission-critical communications services to broadcast, enterprise, and consulting customers worldwide. The company's satellite-based services allow direct-to-home (DTH) service providers to deliver television programming, audio, and information channels directly to customers' homes; and allows broadcasters, cable networks, and DTH service providers to transmit television programming services. It offers value-added services, such as satellite capacity, digital encoding of video channels, and uplinking and downlinking services; and occasional use services. The company also offers telecommunication carrier and integrator services that provides satellite capacity and end-to-end services, including space segment services and terrestrial facilities for enterprise connectivity, and internet and cellular backhaul; and rural telephony to telecommunications carriers and network services integrators. In addition, it offers satellite capacity to maritime and aeronautical markets comprising commercial airplanes and vessels; services to the U.S. government through government service integrators, and satellite services to the Canadian government; and direct-to-consumer broadband services. Further, the company operates satellite and terrestrial networks; and communications services for the oil and gas and mining industries. Additionally, it provides satellite operator services; and consulting services related to space and earth segments, government studies, satellite control services, and research and development. The company offers its services primarily through a direct sales force. Telesat Corporation was founded in 1969 and is headquartered in Ottawa, Canada.
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Telesat Corp is a global satellite communications provider operating geostationary satellites and developing a low-Earth orbit (Lightspeed) constellation to deliver broadband and managed connectivity to enterprise, government and mobility customers. Long-term growth drivers include rising demand for low-latency broadband, 5G backhaul and expanded maritime, aeronautical and remote enterprise connectivity, which may benefit a firm offering integrated GEO and LEO services.
The primary investment risk is execution and financing risk for the Lightspeed LEO rollout amid intense competition, high capital intensity and potential launch, operational or regulatory delays.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | -30.19M | 236.14M | 240.47M | 202.32M | - |
| Minority interest | 56.72M | -54.22M | 0.00M | 0.00M | - |
| Net income | -80.12M | 157.76M | 244.82M | 187.20M | - |
| Selling general administrative | 152.15M | 154.97M | 89.88M | 87.94M | - |
| Gross profit | 705.16M | 728.00M | 787.10M | 873.67M | - |
| Reconciled depreciation | 203.73M | 219.91M | 234.08M | 266.24M | - |
| Ebit | 296.45M | 411.86M | 404.54M | 478.29M | 462.33M |
| Ebitda | 523.66M | 635.19M | 644.03M | 778.63M | - |
| Depreciation and amortization | 227.21M | 223.33M | 239.49M | 300.34M | - |
| Operating income | 296.45M | 411.86M | 404.54M | 478.29M | - |
| Other operating expenses | 462.72M | 346.35M | 415.71M | 431.74M | 108.46M |
| Interest expense | 221.76M | 187.99M | 203.76M | 271.45M | 0.00M |
| Tax provision | 49.93M | 78.38M | -4.35M | 15.12M | - |
| Interest income | 23.48M | 3.42M | 5.20M | 33.23M | - |
| Net interest income | -198.28M | -184.58M | -198.56M | -238.22M | - |
| Income tax expense | 49.93M | 78.38M | -4.35M | 15.12M | 61.06M |
| Total revenue | 759.17M | 758.21M | 820.47M | 910.89M | - |
| Total operating expenses | 462.72M | 346.35M | 382.34M | 394.52M | - |
| Cost of revenue | 54.00M | 30.21M | 33.37M | 37.22M | - |
| Total other income expense net | -326.64M | -175.72M | -164.07M | -275.97M | - |
| Net income from continuing ops | -80.12M | 157.76M | 245.58M | 187.20M | - |
| Net income applicable to common shares | - | 103.54M | 245.58M | 187.20M | -90.94M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 6274.35M | 6479.59M | 6365.96M | 5581.19M | - |
| Intangible assets | 692.76M | 756.88M | 764.08M | 779.19M | - |
| Other current assets | 48.24M | 50.32M | 41.06M | 8.30M | 0.75M |
| Total liab | 3875.37M | 4643.89M | 4666.16M | 4121.26M | - |
| Total stockholder equity | 661.92M | 480.37M | 416.52M | 1459.94M | - |
| Deferred long term liab | - | 0.25M | 0.51M | 0.78M | 1.04M |
| Other current liab | 36.77M | 58.89M | 47.22M | 72.84M | 106.65M |
| Common stock | 51.25M | 46.55M | 42.84M | 155.70M | 154.88M |
| Capital stock | 51.25M | 46.55M | 42.84M | 155.70M | - |
| Retained earnings | 534.06M | 355.20M | 350.88M | 1266.51M | 1031.06M |
| Other liab | - | 590.43M | 657.88M | 739.61M | 795.56M |
| Good will | 2446.60M | 2446.60M | 2446.60M | 2446.60M | - |
| Other assets | - | 123.74M | 106.07M | 143.26M | 78.41M |
| Cash | 1423.90M | 1677.79M | 1449.59M | 818.38M | - |
| Total current liabilities | 137.73M | 171.40M | 181.96M | 162.13M | 161.25M |
| Current deferred revenue | 55.11M | 66.83M | 78.16M | 81.76M | - |
| Net debt | 1806.46M | 2172.29M | 2343.00M | 2397.82M | - |
| Short term debt | 2.22M | 2.12M | 1.95M | 2.13M | - |
| Short long term debt total | 3230.36M | 3850.08M | 3792.60M | 3216.20M | - |
| Other stockholder equity | - | 602.85M | 22.81M | 37.72M | 59.38M |
| Property plant equipment | - | - | 1431.78M | 1318.53M | 1458.93M |
| Total current assets | 1816.44M | 1788.29M | 1617.43M | 893.62M | 1135.22M |
| Long term investments | - | 10.48M | 16.35M | - | - |
| Net tangible assets | - | - | -2794.16M | -1765.87M | -2004.08M |
| Short term investments | 245.19M | 0.52M | 0.86M | 0.45M | - |
| Net receivables | 94.80M | 59.66M | 125.92M | 55.04M | 90.79M |
| Long term debt | 3197.02M | 3850.08M | 3792.60M | 3187.15M | - |
| Inventory | 4.32M | 2.02M | 16.98M | 5.22M | 3.56M |
| Accounts payable | 43.63M | 43.55M | 54.63M | 5.39M | 4.56M |
| Accumulated other comprehensive income | 76.61M | 78.61M | 22.81M | 37.72M | - |
| Non currrent assets other | 47.81M | 63.28M | 43.53M | 0.28M | - |
| Non current assets total | 4457.91M | 4691.31M | 4748.52M | 4687.58M | - |
| Capital lease obligations | 33.34M | 34.11M | 35.68M | 29.05M | - |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | 0.07M | -272.86M | -92.99M | -39.61M | - |
| Change to liabilities | -7.07M | 14.07M | 1.86M | 1.69M | -4.70M |
| Total cashflows from investing activities | 0.07M | -272.86M | -92.99M | -39.61M | -103.31M |
| Net borrowings | - | 617.72M | -455.38M | 41.37M | -94.98M |
| Total cash from financing activities | -104.86M | 605.24M | -450.24M | -40.32M | -114.21M |
| Change to operating activities | -1.97M | -17.27M | 17.33M | 0.49M | 71.45M |
| Net income | -80.12M | 157.76M | 244.82M | 187.20M | -90.94M |
| Change in cash | 228.20M | 631.22M | -208.84M | 258.79M | 289.39M |
| Begin period cash flow | 1449.59M | 818.38M | 1027.22M | 768.43M | - |
| End period cash flow | 1677.79M | 1449.59M | 818.38M | 1027.22M | 768.43M |
| Total cash from operating activities | 228.85M | 296.39M | 371.68M | 375.62M | 466.30M |
| Depreciation | 203.73M | 219.91M | 234.08M | 266.24M | 249.16M |
| Other cashflows from investing activities | - | 42.86M | 42.86M | 42.86M | 42.86M |
| Dividends paid | 0.00M | -0.01M | -0.01M | -0.02M | 0.02M |
| Change to account receivables | 2.30M | -55.43M | -4.17M | -16.11M | 22.06M |
| Other cashflows from financing activities | -5.13M | 607.43M | 5.15M | 3704.42M | -19.23M |
| Change to netincome | 55.25M | 31.56M | -122.23M | -63.88M | 219.26M |
| Capital expenditures | 64.58M | 35.78M | 16.33M | 35.94M | 83.38M |
| Change in working capital | -6.74M | -58.62M | 15.02M | -13.94M | - |
| Stock based compensation | 67.43M | 73.72M | 12.50M | 16.04M | - |
| Other non cash items | -5.38M | -174.76M | -130.38M | -95.04M | - |
| Free cash flow | 164.27M | 260.61M | 355.35M | 339.68M | - |
Sector: Technology Industry: Communication Equipment
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| TSAT Telesat Corp |
4.61 12.38% |
41.79 | 1.35 | - | 0.33 | 0.20 | 1.76 | 1.09 |
| CSCO Cisco Systems Inc |
-1.62 1.69% |
94.10 | 31.58 | 19.42 | 6.00 | 7.42 | 6.24 | 21.68 |
| LITE Lumentum Holdings Inc |
30.30 5.94% |
540.00 | - | 38.31 | 24.97 | 16.13 | 24.50 | 114.87 |
| HPE Hewlett Packard Enterprise Co |
0.59 1.35% |
44.76 | 28.51 | 12.20 | 1.77 | 2.80 | 2.11 | 13.02 |
| CIEN Ciena Corp |
12.58 5.45% |
243.39 | 322.25 | 111.11 | 13.97 | 25.62 | 14.02 | 141.08 |
Telesat Corporation, a satellite operator, offers mission-critical communications services to broadcast, enterprise, and consulting customers worldwide. The company's satellite-based services allow direct-to-home (DTH) service providers to deliver television programming, audio, and information channels directly to customers' homes; and allows broadcasters, cable networks, and DTH service providers to transmit television programming services. It offers value-added services, such as satellite capacity, digital encoding of video channels, and uplinking and downlinking services; and occasional use services. The company also offers telecommunication carrier and integrator services that provides satellite capacity and end-to-end services, including space segment services and terrestrial facilities for enterprise connectivity, and internet and cellular backhaul; and rural telephony to telecommunications carriers and network services integrators. In addition, it offers satellite capacity to maritime and aeronautical markets comprising commercial airplanes and vessels; services to the U.S. government through government service integrators, and satellite services to the Canadian government; and direct-to-consumer broadband services. Further, the company operates satellite and terrestrial networks; and communications services for the oil and gas and mining industries. Additionally, it provides satellite operator services; and consulting services related to space and earth segments, government studies, satellite control services, and research and development. The company offers its services primarily through a direct sales force. Telesat Corporation was founded in 1969 and is headquartered in Ottawa, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Daniel S. Goldberg | Pres, CEO & Director | 1966 |
| Mr. Andrew Martin Browne | Chief Financial Officer | 1956 |
| Mr. David N. Wendling | Chief Technical Officer | 1963 |
| Mr. Michael C. Schwartz | Sr. VP of Corp. & Bus. Devel. | 1965 |
| Mr. Christopher S. DiFrancesco | VP, Gen. Counsel & Sec. | 1964 |
| Mr. John Flaherty | VP of Bus. Planning & Marketing | 1966 |
| Ms. France Teasdale | VP of People | NA |
| Ms. Michèle Beck | Sr. VP of Canadian Sales | 1966 |
| Mr. Thomas E. Eaton Jr. | Pres of Telesat Gov. Solutions | 1956 |
| Mr. Glenn Katz | Chief Commercial Officer | 1963 |
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