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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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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
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.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| 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 |
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 |
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.
| 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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