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Company price
55.49 CAD -1.15 ( 2.03%)
Last update at 2026-11-04T20:39:00Z
VOLUME
32885
Market Cap
3539.70M

Momentum Score

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Telesat Corporation, a satellite operator, provides mission-critical communications solutions to support the requirements of satellite users in Canada, the United States, Asia, Australia, Latin America, the Caribbean, Europe, the Middle East, and Africa. It operates through Geostationary (GEO) and Low Earth Orbit (LEO) segments. The company offers broadcast services, such as direct-to-home television, video distribution and contribution, and occasional use services; enterprise services, including telecommunication carrier and integrator, government, consumer broadband, resource, maritime and aeronautical, and retail and satellite operator services; and consulting services related to space and earth segments, government studies, satellite control services, and research and development. It also provides satellites for full-time transmission of television programming; and government services. In addition, the company offers satellite capacity and end-to-end services for data and voice transmission to telecommunications carriers and integrators; and space segment services and terrestrial facilities for enterprise connectivity, internet backhaul, and cellular backhaul, as well as rural telephony services to telecommunications carriers and network services integrators. Further, it provides direct-to-consumer broadband services; communications services to offshore, oil and gas, and mining industries; and installation and maintenance of the end user terminal, as well as the provision of satellite capacity and other network elements. Additionally, the company operates satellite and terrestrial networks that support enterprise and retail activities. It offers its services through a direct sales force. Telesat Corporation was founded in 1969 and is headquartered in Ottawa, Canada.

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Day Price Range
54.60
Low
58.39
High
52 Week Price Range
20.55
Low
76.08
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Telesat Corp is a Canadian satellite communications operator that provides managed satellite services and is developing the Lightspeed low‑Earth orbit (LEO) constellation to deliver low‑latency broadband to enterprise, government, maritime and aeronautical customers. Long‑term growth drivers include commercialization of LEO capacity, expanding demand for satellite broadband and government/commercial contracts, and investors may find appeal in its incumbent market position and potential for recurring contract revenue as new capacity comes online.
Key investment risks include execution and financing risk for the capital‑intensive Lightspeed deployment, intense competition from other LEO and GEO providers, regulatory and launch uncertainties, and customer or contract concentration that could affect revenue stability.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
56.64
Dividend Yield
-
Revenue TTM
417.96M
Revenue Per Share
28.55
Gross Profit TTM
210.43M
Debt / Equity
6.66
ROE
-24.86%
Net Debt
3039.44M
ROCE
1.74%
Diluted EPS TTM
-10.61

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -597.60M -315.50M 672.87M -30.19M 236.14M
Minority interest 374.86M 214.75M -426.15M 56.72M -54.22M
Net income -155.35M -87.72M 157.12M -80.12M 157.76M
Selling general administrative 92.62M 110.33M 117.92M 152.15M 154.97M
Selling and marketing expenses - - 69.80M - -
Gross profit 153.71M 533.07M 351.97M 705.16M 728.00M
Reconciled depreciation 148.89M 138.61M 195.76M 203.73M 219.91M
Ebit 57.29M -71.60M 303.85M 319.93M 415.44M
Ebitda 206.18M 67.02M 499.61M 523.66M 635.19M
Depreciation and amortization 148.89M 138.61M 195.76M 203.73M 219.75M
Operating income 57.29M -40.27M 303.85M 296.45M 411.86M
Other operating expenses 360.67M 611.31M 400.31M 462.72M 346.35M
Interest expense 218.74M 243.91M 270.96M 221.76M 187.99M
Tax provision -67.38M -13.04M 89.60M 49.93M 78.38M
Interest income 24.86M 66.15M 67.14M 23.48M 3.42M
Net interest income -193.87M -177.76M -203.82M -198.28M -184.58M
Income tax expense -67.38M -13.04M 89.60M 49.93M 78.38M
Total revenue 417.96M 571.04M 704.16M 759.17M 758.21M
Total operating expenses 96.42M 573.34M 48.12M 462.72M 346.35M
Cost of revenue 264.24M 37.97M 352.19M 54.00M 30.21M
Total other income expense net -654.89M -275.24M 369.02M -326.64M -175.72M
Net income from continuing ops -530.22M -302.47M 583.27M -80.12M 157.76M
Net income applicable to common shares - - - - 103.54M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 6603.78M 6945.18M 6274.35M 6479.59M 6365.96M
Intangible assets 442.28M 497.47M 692.76M 756.88M 764.08M
Other current assets 32.13M 33.89M 48.24M 50.32M 41.06M
Total liab 4834.19M 4448.47M 3875.37M 4643.89M 4666.16M
Total stockholder equity 530.82M 710.28M 661.92M 480.37M 416.52M
Deferred long term liab - - - 0.25M 0.51M
Other current liab 870.79M 9.71M 36.77M 58.89M 47.22M
Common stock 70.00M - 51.25M 46.55M 42.84M
Capital stock 70.00M 59.08M 51.25M 46.55M 42.84M
Retained earnings 330.81M 467.33M 534.06M 355.20M 350.88M
Other liab - - - 590.43M 657.88M
Good will 2214.57M 2612.97M 2446.60M 2446.60M 2446.60M
Other assets - - - 123.74M 106.07M
Cash 494.27M 552.06M 1423.90M 1677.79M 1449.59M
Total current liabilities 3317.43M 256.58M 137.73M 171.40M 181.96M
Current deferred revenue 45.33M - 55.11M 66.83M 78.16M
Net debt 3039.44M 2544.55M 1806.46M 2172.29M 2343.00M
Short term debt 2343.87M - 2.22M 2.12M 1.95M
Short long term debt 2341.14M - - - -
Short long term debt total 3533.72M - 3230.36M 3850.08M 3792.60M
Other stockholder equity - - - 78.61M 22.81M
Property plant equipment - - - - 1431.78M
Total current assets 607.79M 1021.27M 1816.44M 1788.29M 1617.43M
Long term investments - - - 10.48M 16.35M
Net tangible assets - - - - -2794.16M
Short term investments 15.52M 0.56M 245.19M 0.52M 0.86M
Net receivables 64.37M 48.27M 94.80M 59.66M 125.92M
Long term debt 1152.46M 3096.61M 3197.02M 3850.08M 3792.60M
Inventory 1.49M 1.46M 4.32M 2.02M 16.98M
Accounts payable 57.45M 107.95M 43.63M 43.55M 54.63M
Accumulated other comprehensive income 130.01M - 76.61M 78.61M 22.81M
Non currrent assets other 611.21M 0.01M 47.81M 63.28M 43.53M
Non current assets total 5996.00M 5923.91M 4457.91M 4691.31M 4748.52M
Capital lease obligations 40.11M 33.38M 33.34M 34.11M 35.68M
Long term debt total - - - - 3826.33M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -0.86M -1091.56M 211.93M 0.07M -272.86M
Change to liabilities - - - -7.07M 14.07M
Total cashflows from investing activities -761.23M -1091.56M - 0.07M -272.86M
Net borrowings 682.58M -158.32M - - 617.72M
Total cash from financing activities 672.36M -170.20M -354.65M -104.86M 605.24M
Change to operating activities - - - -1.97M -17.27M
Net income -155.35M -302.47M 157.12M -80.12M 157.76M
Change in cash -44.52M -1117.03M -245.35M 228.20M 631.22M
Begin period cash flow 538.79M 1669.09M 1669.26M 1449.59M 818.38M
End period cash flow 494.27M 552.06M 1423.90M 1677.79M 1449.59M
Total cash from operating activities 66.70M 62.46M 169.09M 228.85M 296.39M
Depreciation 148.89M 138.61M 195.76M 203.73M 219.91M
Other cashflows from investing activities -0.86M -1030.36M - - 42.86M
Dividends paid - - 0.00M 0.00M 0.01M
Change to account receivables 96.32M -13.80M -24.43M 2.30M -55.43M
Sale purchase of stock - - -3.20M - -0.02M
Other cashflows from financing activities -13.48M -12.30M -8.49M -5.13M 607.43M
Change to netincome - - - 55.25M 31.56M
Capital expenditures 765.12M 64.86M 139.51M 64.58M 35.78M
Change in working capital 73.31M -45.12M -39.21M -6.74M -58.62M
Stock based compensation 4.14M 17.56M 33.02M 67.43M 73.72M
Other non cash items 80.20M 266.92M -191.41M -5.38M -174.76M
Free cash flow -698.42M -2.39M 29.58M 164.27M 260.61M

Peer Comparison*

Sector: Technology Industry: Communication Equipment

Stock Name
Change
(CAD)
Price
(CAD)
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
-1.15
2.03%
55.49 - - 8.47 1.94 9.70 55.00
CSCO
Cisco CDR (CAD Hedged)
0.14
0.29%
49.18 33.22 19.38 6.05 7.41 6.11 21.22
ET
Evertz Technologies Limited
-0.11
0.83%
13.20 20.62 18.05 2.46 6.38 2.43 12.14
VCM
Vecima Networks Inc.
-
-%
12.92 - 12.53 1.17 1.53 1.41 19.77
QTRH
Quarterhill Inc
-0.04
1.40%
2.82 - 75.76 1.08 1.51 1.04 4.04

Profile*

Telesat Corp

Telesat Corporation, a satellite operator, provides mission-critical communications solutions to support the requirements of satellite users in Canada, the United States, Asia, Australia, Latin America, the Caribbean, Europe, the Middle East, and Africa. It operates through Geostationary (GEO) and Low Earth Orbit (LEO) segments. The company offers broadcast services, such as direct-to-home television, video distribution and contribution, and occasional use services; enterprise services, including telecommunication carrier and integrator, government, consumer broadband, resource, maritime and aeronautical, and retail and satellite operator services; and consulting services related to space and earth segments, government studies, satellite control services, and research and development. It also provides satellites for full-time transmission of television programming; and government services. In addition, the company offers satellite capacity and end-to-end services for data and voice transmission to telecommunications carriers and integrators; and space segment services and terrestrial facilities for enterprise connectivity, internet backhaul, and cellular backhaul, as well as rural telephony services to telecommunications carriers and network services integrators. Further, it provides direct-to-consumer broadband services; communications services to offshore, oil and gas, and mining industries; and installation and maintenance of the end user terminal, as well as the provision of satellite capacity and other network elements. Additionally, the company operates satellite and terrestrial networks that support enterprise and retail activities. It offers its services through a direct sales force. Telesat Corporation was founded in 1969 and is headquartered in Ottawa, Canada.

160 Elgin Street, Ottawa, ON, Canada, K2P 2P7

613 748 8700

711

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

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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