Telesat Corporation (TSAT) 10-Year Financial Performance & Capital Metrics

TSAT • • Industrial / General

TechnologyCommunication EquipmentSatellite CommunicationsSatellite Service Providers

AboutTelesat Corporation, a satellite operator, provides 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 enables 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, authorization, and uplinking and downlinking services; and occasional use services for the broadcast of video news, sports, and live event coverages. The company also 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 broadband communication services 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 hybrid satellite/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, and research and development services. The company offers its services primarily through a direct sales force. As of December 31, 2021, it operated a fleet of 14 in-orbit geostationary satellites and a Canadian payload on the ViaSat-1 satellite. The company was founded in 1969 and is headquartered in Ottawa, Canada.Show more

Revenue $571M -18.9%
EBITDA $98M -87.1%
Net Income -$88M -155.8%
EPS (Diluted) -6.29 -161.2%
Gross Margin 93.35% -1.2%
EBITDA Margin 17.22% -84.1%
Operating Margin -7.05% -108.7%
Net Margin -15.36% -168.8%
ROE -3.58% -148.3%
ROIC -0.67% -106.3%
Debt/Equity 1.25 -6.9%
Interest Coverage -0.17 -107.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 90 (top 10%)
✓Share count reduced 8.8% through buybacks
✓Trading at only 0.2x book value

✗Weaknesses

✗Weak 3Y average ROE of 0.8%
✗Negative free cash flow
✗Sales declining 8.9% over 5 years
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-4.69%

5Y-8.92%

3Y-9.02%

TTM-30.47%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-400.23%

EPS CAGR

10Y-

5Y-

3Y-

TTM-545.55%

ROCE

10Y Avg7.45%

5Y Avg6.08%

3Y Avg4.41%

Latest-0.63%

Peer Comparison

Satellite Service Providers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
TSATTelesat Corporation	495.93M	33.77	-5.37	-18.9%	-34.52%	-6.5%	1.25
VSATViasat, Inc.	5.97B	44.11	-9.85	5.5%	-11.4%	-11.42%	1.62
KVHIKVH Industries, Inc.	142.88M	7.30	-12.81	-14.01%	-11.19%	-9.18%	0.01
ASTSAST SpaceMobile, Inc.	28.15B	101.25	-52.19		-16.4%	-18.69%	0.26
SATSEchoStar Corporation	19.34B	123.55	-280.80	-6.99%	-85.36%	-184.89%	1.47
IOTRiOThree Limited Ordinary Shares	2.21M	3.01		22.27%	-2.2%	-12.39%	0.41

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	954.91M	930.85M	927.41M	902.93M	910.89M	820.47M	758.21M	759.17M	704.16M	571.04M
Revenue Growth %	0.03%	-0.03%	-0%	-0.03%	0.01%	-0.1%	-0.08%	0%	-0.07%	-0.19%
Cost of Goods Sold+	184.28M	174.92M	187.69M	389.39M	37.22M	33.37M	30.21M	54M	38.52M	37.97M
COGS % of Revenue	0.19%	0.19%	0.2%	0.43%	0.04%	0.04%	0.04%	0.07%	0.05%	0.07%
Gross Profit+	770.63M	755.93M	739.72M	513.54M	873.67M	787.1M	728M	705.16M	665.65M	533.07M
Gross Margin %	0.81%	0.81%	0.8%	0.57%	0.96%	0.96%	0.96%	0.93%	0.95%	0.93%
Gross Profit Growth %	0.05%	-0.02%	-0.02%	-0.31%	0.7%	-0.1%	-0.08%	-0.03%	-0.06%	-0.2%
Operating Expenses+	776.54M	193.67M	36.46M	45.6M	395.38M	382.56M	318.87M	408.71M	96.8M	573.34M
OpEx % of Revenue	0.81%	0.21%	0.04%	0.05%	0.43%	0.47%	0.42%	0.54%	0.14%	1%
Selling, General & Admin	6.34M	7.28M	6.26M	45.6M	87.94M	89.88M	156.11M	152.15M	117.92M	110.33M
SG&A % of Revenue	0.01%	0.01%	0.01%	0.05%	0.1%	0.11%	0.21%	0.2%	0.17%	0.19%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	307.44M	292.68M	162.76M	256.56M	-21.12M	463.01M
Operating Income+	528.55M	496.19M	486.07M	467.95M	478.29M	404.54M	409.12M	296.45M	568.85M	-40.27M
Operating Margin %	0.55%	0.53%	0.52%	0.52%	0.53%	0.49%	0.54%	0.39%	0.81%	-0.07%
Operating Income Growth %	0.1%	-0.06%	-0.02%	-0.04%	0.02%	-0.15%	0.01%	-0.28%	0.92%	-1.07%
EBITDA+	764.29M	748.65M	733.46M	717.11M	744.53M	638.62M	628.88M	500.19M	764.61M	98.35M
EBITDA Margin %	0.8%	0.8%	0.79%	0.79%	0.82%	0.78%	0.83%	0.66%	1.09%	0.17%
EBITDA Growth %	0.05%	-0.02%	-0.02%	-0.02%	0.04%	-0.14%	-0.02%	-0.2%	0.53%	-0.87%
D&A (Non-Cash Add-back)	235.74M	252.46M	247.39M	249.16M	266.24M	234.08M	219.75M	203.73M	195.76M	138.61M
EBIT	528.55M	496.19M	486.07M	462.33M	473.77M	444.23M	421.4M	191.57M	943.82M	-71.6M
Net Interest Income+	0	0	0	0	-238.22M	-198.56M	-184.58M	-198.19M	-206.51M	-177.76M
Interest Income	172.3M	185.46M	190.88M	226.84M	33.23M	5.2M	3.42M	23.56M	64.44M	66.15M
Interest Expense	0	0	0	0	271.45M	203.76M	187.99M	221.76M	270.96M	243.91M
Other Income/Expense	-706.76M	-124.1M	87.06M	-497.83M	-275.97M	-164.07M	-175.72M	-326.64M	104.02M	-275.24M
Pretax Income+	-178.21M	376.81M	585.3M	-29.88M	202.32M	240.47M	233.4M	-30.19M	672.87M	-315.5M
Pretax Margin %	-0.19%	0.4%	0.63%	-0.03%	0.22%	0.29%	0.31%	-0.04%	0.96%	-0.55%
Income Tax+	88.73M	83.91M	80.25M	61.06M	15.12M	-4.35M	71.03M	51.41M	89.6M	-13.04M
Effective Tax Rate %	1.5%	0.78%	0.86%	3.04%	0.93%	1.02%	0.4%	0.79%	0.23%	0.28%
Net Income+	-266.95M	292.89M	505.04M	-90.94M	187.2M	244.82M	92.53M	-23.76M	157.12M	-87.72M
Net Margin %	-0.28%	0.31%	0.54%	-0.1%	0.21%	0.3%	0.12%	-0.03%	0.22%	-0.15%
Net Income Growth %	-21.25%	2.1%	0.72%	-1.18%	3.06%	0.31%	-0.62%	-1.26%	7.61%	-1.56%
Net Income (Continuing)	-266.94M	292.9M	505.05M	-90.94M	187.2M	244.82M	162.37M	-81.6M	583.27M	-302.47M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	1.28B	1.36B	1.74B	1.79B
EPS (Diluted)+	-2.23	2.45	4.22	-0.76	1.56	3.71	13.12	-1.90	10.28	-6.29
EPS Growth %	-21.27%	2.1%	0.72%	-1.18%	3.05%	1.38%	2.54%	-1.14%	6.41%	-1.61%
EPS (Basic)	-2.23	2.45	4.22	-0.76	1.56	3.71	13.12	-1.90	11.29	-6.29
Diluted Shares Outstanding	119.54M	119.67M	119.68M	119.72M	119.76M	65.91M	12.02M	12.31M	15.29M	13.94M
Basic Shares Outstanding	119.54M	119.67M	119.68M	119.72M	119.76M	65.92M	12.02M	12.31M	13.92M	13.94M
Dividend Payout Ratio	-	0%	0%	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	759.79M	901.7M	554.97M	849.22M	875.2M	701.21M	1.62B	1.79B	1.82B	1.02B
Cash & Short-Term Investments	690.73M	782.41M	479.21M	787.07M	792.15M	642.37M	1.45B	1.68B	1.67B	552.63M
Cash Only	690.73M	782.41M	479.05M	768.43M	418.38M	540.01M	1.45B	1.68B	1.67B	552.06M
Short-Term Investments	0	0	162K	18.63M	373.77M	102.36M	861K	515K	631K	565K
Accounts Receivable	44.88M	48.04M	58.6M	39.25M	70.02M	43.21M	125.92M	59.66M	94.8M	188.18M
Days Sales Outstanding	17.16	18.84	23.06	15.87	28.06	19.22	60.62	28.68	49.14	120.28
Inventory	5.93M	3.92M	3M	2.43M	2.74M	4.1M	16.98M	2.02M	4.32M	1.46M
Days Inventory Outstanding	11.75	8.17	5.83	2.28	26.89	44.85	205.14	13.67	40.91	14.01
Other Current Assets	7.71M	62.8M	10.32M	17.57M	343.17K	6.87M	17.65M	33.96M	41.24M	272.41M
Total Non-Current Assets+	5.24B	5.24B	5.14B	5.04B	3.69B	3.68B	4.75B	4.69B	4.5B	5.92B
Property, Plant & Equipment	1.93B	1.92B	1.79B	1.7B	1.13B	1.03B	1.43B	1.36B	1.26B	2.28B
Fixed Asset Turnover	0.50x	0.49x	0.52x	0.53x	0.81x	0.79x	0.53x	0.56x	0.56x	0.25x
Goodwill	2.45B	2.45B	2.45B	2.45B	1.89B	1.92B	2.45B	2.45B	2.45B	2.61B
Intangible Assets	811.4M	832.51M	813M	811.15M	619.08M	611.61M	762.66M	756.88M	692.76M	497.47M
Long-Term Investments	0	0	18.95M	16.65M	39.91M	37.33M	16.35M	10.48M	0	0
Other Non-Current Assets	61.59M	42.35M	72.26M	57.82M	11.22M	12.61M	43.53M	63.28M	94.07M	533.27M
Total Assets+	6B	6.14B	5.7B	5.88B	4.57B	4.38B	6.36B	6.48B	6.31B	6.95B
Asset Turnover	0.16x	0.15x	0.16x	0.15x	0.20x	0.19x	0.12x	0.12x	0.11x	0.08x
Asset Growth %	0.05%	0.02%	-0.07%	0.03%	-0.22%	-0.04%	0.45%	0.02%	-0.03%	0.1%
Total Current Liabilities+	248.61M	205.48M	156.08M	178.22M	124.35M	127.26M	181.96M	171.4M	137.73M	256.58M
Accounts Payable	3.35M	2.5M	2.66M	3.61M	20.24M	23.62M	3.46M	1.98M	4.57M	107.95M
Days Payables Outstanding	6.64	5.22	5.17	3.38	198.47	258.35	41.75	13.36	43.31	1.04K
Short-Term Debt	93.9M	22.66M	14.49M	7.89M	20.26M	1.67M	0	0	0	0
Deferred Revenue (Current)	0	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	140.28M	141.11M	130.01M	158.13M	33.09M	32.04M	20.47M	15.57M	11.82M	10.64M
Current Ratio	3.06x	4.39x	3.56x	4.76x	7.04x	5.51x	8.89x	10.43x	13.19x	3.98x
Quick Ratio	3.03x	4.37x	3.54x	4.75x	7.02x	5.48x	8.80x	10.42x	13.16x	3.97x
Cash Conversion Cycle	22.27	21.79	23.72	14.76	-143.52	-194.28	224.01	29	46.74	-903.38
Total Non-Current Liabilities+	4.84B	4.74B	4.4B	4.61B	3.48B	3.11B	4.48B	4.47B	3.78B	4.19B
Long-Term Debt	3.98B	3.84B	3.53B	3.72B	2.84B	2.5B	3.79B	3.85B	3.2B	3.1B
Capital Lease Obligations	0	0	0	340K	20.6M	21.13M	33.73M	31.99M	31.12M	31.34M
Deferred Tax Liabilities	0	0	0	0	268.95M	255.8M	296.32M	271.25M	235.25M	175.54M
Other Non-Current Liabilities	857.17M	895.39M	864.3M	890.97M	59.27M	68.13M	71.63M	55.15M	88.94M	703M
Total Liabilities	5.09B	4.94B	4.55B	4.79B	3.61B	3.23B	4.67B	4.64B	3.91B	4.45B
Total Debt+	4.07B	3.87B	3.55B	3.73B	2.89B	2.52B	3.83B	3.88B	3.23B	3.13B
Net Debt	3.38B	3.08B	3.07B	2.96B	2.47B	1.98B	2.38B	2.21B	1.56B	2.58B
Debt / Equity	4.44x	3.24x	3.11x	3.41x	3.00x	2.20x	2.26x	2.11x	1.35x	1.25x
Debt / EBITDA	5.33x	5.16x	4.84x	5.20x	3.88x	3.95x	6.09x	7.77x	4.22x	31.83x
Net Debt / EBITDA	4.43x	4.12x	4.19x	4.13x	3.31x	3.11x	3.78x	4.41x	2.04x	26.21x
Interest Coverage	-	-	-	-	1.76x	1.99x	2.18x	1.34x	2.10x	-0.17x
Total Equity+	918.13M	1.19B	1.14B	1.09B	960.34M	1.15B	1.7B	1.84B	2.4B	2.5B
Equity Growth %	-0.19%	0.3%	-0.04%	-0.04%	-0.12%	0.19%	0.48%	0.08%	0.3%	0.04%
Book Value per Share	7.68	9.98	9.55	9.13	8.02	17.39	141.12	149.47	156.92	179.14
Total Shareholders' Equity	918.13M	1.19B	1.14B	1.09B	960.34M	1.15B	415.67M	481.44M	661.92M	710.28M
Common Stock	656.86M	658.73M	152.67M	153.7M	20.5M	20.86M	42.84M	46.55M	51.25M	59.08M
Retained Earnings	188.48M	467.86M	968.41M	843.6M	795.11M	994.12M	350.03M	356.27M	534.06M	467.33M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	72.78M	67.44M	21.73M	95.68M	45.79M	29.61M	22.8M	78.61M	76.61M	183.87M
Minority Interest	0	0	0	0	0	0	1.28B	1.36B	1.74B	1.79B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	422.36M	527.36M	486.7M	466.3M	375.62M	371.68M	296.39M	228.85M	170.06M	62.46M
Operating CF Margin %	0.44%	0.57%	0.52%	0.52%	0.41%	0.45%	0.39%	0.3%	0.24%	0.11%
Operating CF Growth %	0.03%	0.25%	-0.08%	-0.04%	-0.19%	-0.01%	-0.2%	-0.23%	-0.26%	-0.63%
Net Income	-266.94M	292.9M	505.05M	-90.94M	187.2M	244.82M	157.76M	-80.12M	583.27M	-302.47M
Depreciation & Amortization	235.74M	252.46M	247.39M	249.16M	266.24M	234.08M	219.91M	203.73M	195.76M	138.61M
Stock-Based Compensation	5.37M	5.77M	2.86M	29.5M	16.04M	12.5M	73.72M	67.43M	33.02M	17.56M
Deferred Taxes	0	0	0	0	15.12M	-4.35M	78.38M	49.93M	89.6M	-13.04M
Other Non-Cash Items	440.13M	-118.33M	-309.9M	700.22M	-95.04M	-130.38M	-174.76M	-5.38M	-692.37M	266.92M
Working Capital Changes	8.07M	94.56M	41.3M	88.81M	-13.94M	15.02M	-58.63M	-6.74M	-39.21M	-45.12M
Change in Receivables	4.94M	-8.35M	-13.27M	22.06M	-16.11M	-4.17M	-55.43M	2.3M	-24.43M	-13.8M
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	0	0	0	-4.7M	1.69M	1.86M	14.07M	-7.07M	0	0
Cash from Investing+	-193.87M	-286.1M	-164.61M	-103.31M	-39.61M	-92.23M	-272.86M	74K	212.05M	-1.09B
Capital Expenditures	-193.86M	-243.81M	-146.6M	-103.31M	-35.94M	-16.33M	-35.78M	-64.58M	-42.92M	-64.8M
CapEx % of Revenue	0.2%	0.26%	0.16%	0.11%	0.04%	0.02%	0.05%	0.09%	0.06%	0.11%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-5K	-42.28M	-18.01M	-19.92M	-3.67M	-75.9M	-237.08M	64.65M	254.97M	-1.03B
Cash from Financing+	-80.58M	-139.76M	-588.81M	-114.21M	-40.32M	-450.24M	605.24M	-104.86M	-355.74M	-170.2M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-10K	-10K	-10K	0	-20K	-10K	-10K	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-6.7M	-66.94M	-51.02M	-19.23M	-81.67M	5.15M	-12.47M	-5.13M	-9.56M	-4.15M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	228.5M	283.55M	340.1M	362.99M	339.68M	355.35M	260.61M	164.27M	113.87M	-2.39M
FCF Margin %	0.24%	0.3%	0.37%	0.4%	0.37%	0.43%	0.34%	0.22%	0.16%	-0%
FCF Growth %	-0.28%	0.24%	0.2%	0.07%	-0.06%	0.05%	-0.27%	-0.37%	-0.31%	-1.02%
FCF per Share	1.91	2.37	2.84	3.03	2.84	5.39	21.68	13.34	7.45	-0.17
FCF Conversion (FCF/Net Income)	-1.58x	1.80x	0.96x	-5.13x	2.01x	1.52x	3.20x	-9.63x	1.08x	-0.71x
Interest Paid	0	0	0	0	0	188.97M	158.81M	184.78M	271.93M	231.32M
Taxes Paid	0	0	0	0	0	53.84M	94.29M	98.79M	67.34M	68.61M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-26.05%	27.73%	43.22%	-8.13%	18.23%	23.25%	6.51%	-1.34%	7.41%	-3.58%
Return on Invested Capital (ROIC)	9.33%	8.67%	8.59%	8.49%	9.59%	9.25%	8.52%	5.48%	10.66%	-0.67%
Gross Margin	80.7%	81.21%	79.76%	56.88%	95.91%	95.93%	96.02%	92.89%	94.53%	93.35%
Net Margin	-27.96%	31.46%	54.46%	-10.07%	20.55%	29.84%	12.2%	-3.13%	22.31%	-15.36%
Debt / Equity	4.44x	3.24x	3.11x	3.41x	3.00x	2.20x	2.26x	2.11x	1.35x	1.25x
Interest Coverage	-	-	-	-	1.76x	1.99x	2.18x	1.34x	2.10x	-0.17x
FCF Conversion	-1.58x	1.80x	0.96x	-5.13x	2.01x	1.52x	3.20x	-9.63x	1.08x	-0.71x
Revenue Growth	3.47%	-2.52%	-0.37%	-2.64%	0.88%	-9.93%	-7.59%	0.13%	-7.25%	-18.9%

Revenue by Segment

	2021	2022	2023	2024
Enterprise Member	-	388.99M	359.74M	267.77M
Enterprise Member Growth	-	-	-7.52%	-25.57%
EnterpriseMember	10.02M	-	-	-
EnterpriseMember Growth	-	-	-	-
BroadcastMember	67K	-	-	-
BroadcastMember Growth	-	-	-	-

Revenue by Geography

	2021	2022	2023	2024
Canada1Member	330.83M	-	-	-
Canada1Member Growth	-	-	-	-
UnitedStates1Member	292.47M	-	-	-
UnitedStates1Member Growth	-	-	-	-
LatinAmericaCaribbeanMember	55.82M	-	-	-
LatinAmericaCaribbeanMember Growth	-	-	-	-
EuropeMiddleEastAfricaMember	40.82M	-	-	-
EuropeMiddleEastAfricaMember Growth	-	-	-	-
AsiaAustraliaMember	38.27M	-	-	-
AsiaAustraliaMember Growth	-	-	-	-

Frequently Asked Questions

Growth & Financials

Telesat Corporation (TSAT) reported $423.4M in revenue for fiscal year 2024. This represents a 50% decrease from $845.8M in 2012.

Telesat Corporation (TSAT) saw revenue decline by 18.9% over the past year.

Telesat Corporation (TSAT) reported a net loss of $146.2M for fiscal year 2024.

Dividend & Returns

Telesat Corporation (TSAT) has a return on equity (ROE) of -3.6%. Negative ROE indicates the company is unprofitable.

Telesat Corporation (TSAT) had negative free cash flow of $119.0M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Telesat Corporation (TSAT) 10-Year Financial Performance & Capital Metrics

TSAT • • Industrial / General

TechnologyCommunication EquipmentSatellite CommunicationsSatellite Service Providers

Revenue $571M -18.9%
EBITDA $98M -87.1%
Net Income -$88M -155.8%
EPS (Diluted) -6.29 -161.2%
Gross Margin 93.35% -1.2%
EBITDA Margin 17.22% -84.1%
Operating Margin -7.05% -108.7%
Net Margin -15.36% -168.8%
ROE -3.58% -148.3%
ROIC -0.67% -106.3%
Debt/Equity 1.25 -6.9%
Interest Coverage -0.17 -107.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 90 (top 10%)
✓Share count reduced 8.8% through buybacks
✓Trading at only 0.2x book value

✗Weaknesses

✗Weak 3Y average ROE of 0.8%
✗Negative free cash flow
✗Sales declining 8.9% over 5 years
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-4.69%

5Y-8.92%

3Y-9.02%

TTM-30.47%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-400.23%

EPS CAGR

10Y-

5Y-

3Y-

TTM-545.55%

ROCE

10Y Avg7.45%

5Y Avg6.08%

3Y Avg4.41%

Latest-0.63%

Peer Comparison

Satellite Service Providers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
TSATTelesat Corporation	495.93M	33.77	-5.37	-18.9%	-34.52%	-6.5%	1.25
VSATViasat, Inc.	5.97B	44.11	-9.85	5.5%	-11.4%	-11.42%	1.62
KVHIKVH Industries, Inc.	142.88M	7.30	-12.81	-14.01%	-11.19%	-9.18%	0.01
ASTSAST SpaceMobile, Inc.	28.15B	101.25	-52.19		-16.4%	-18.69%	0.26
SATSEchoStar Corporation	19.34B	123.55	-280.80	-6.99%	-85.36%	-184.89%	1.47
IOTRiOThree Limited Ordinary Shares	2.21M	3.01		22.27%	-2.2%	-12.39%	0.41

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	954.91M	930.85M	927.41M	902.93M	910.89M	820.47M	758.21M	759.17M	704.16M	571.04M
Revenue Growth %	0.03%	-0.03%	-0%	-0.03%	0.01%	-0.1%	-0.08%	0%	-0.07%	-0.19%
Cost of Goods Sold+	184.28M	174.92M	187.69M	389.39M	37.22M	33.37M	30.21M	54M	38.52M	37.97M
COGS % of Revenue	0.19%	0.19%	0.2%	0.43%	0.04%	0.04%	0.04%	0.07%	0.05%	0.07%
Gross Profit+	770.63M	755.93M	739.72M	513.54M	873.67M	787.1M	728M	705.16M	665.65M	533.07M
Gross Margin %	0.81%	0.81%	0.8%	0.57%	0.96%	0.96%	0.96%	0.93%	0.95%	0.93%
Gross Profit Growth %	0.05%	-0.02%	-0.02%	-0.31%	0.7%	-0.1%	-0.08%	-0.03%	-0.06%	-0.2%
Operating Expenses+	776.54M	193.67M	36.46M	45.6M	395.38M	382.56M	318.87M	408.71M	96.8M	573.34M
OpEx % of Revenue	0.81%	0.21%	0.04%	0.05%	0.43%	0.47%	0.42%	0.54%	0.14%	1%
Selling, General & Admin	6.34M	7.28M	6.26M	45.6M	87.94M	89.88M	156.11M	152.15M	117.92M	110.33M
SG&A % of Revenue	0.01%	0.01%	0.01%	0.05%	0.1%	0.11%	0.21%	0.2%	0.17%	0.19%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	307.44M	292.68M	162.76M	256.56M	-21.12M	463.01M
Operating Income+	528.55M	496.19M	486.07M	467.95M	478.29M	404.54M	409.12M	296.45M	568.85M	-40.27M
Operating Margin %	0.55%	0.53%	0.52%	0.52%	0.53%	0.49%	0.54%	0.39%	0.81%	-0.07%
Operating Income Growth %	0.1%	-0.06%	-0.02%	-0.04%	0.02%	-0.15%	0.01%	-0.28%	0.92%	-1.07%
EBITDA+	764.29M	748.65M	733.46M	717.11M	744.53M	638.62M	628.88M	500.19M	764.61M	98.35M
EBITDA Margin %	0.8%	0.8%	0.79%	0.79%	0.82%	0.78%	0.83%	0.66%	1.09%	0.17%
EBITDA Growth %	0.05%	-0.02%	-0.02%	-0.02%	0.04%	-0.14%	-0.02%	-0.2%	0.53%	-0.87%
D&A (Non-Cash Add-back)	235.74M	252.46M	247.39M	249.16M	266.24M	234.08M	219.75M	203.73M	195.76M	138.61M
EBIT	528.55M	496.19M	486.07M	462.33M	473.77M	444.23M	421.4M	191.57M	943.82M	-71.6M
Net Interest Income+	0	0	0	0	-238.22M	-198.56M	-184.58M	-198.19M	-206.51M	-177.76M
Interest Income	172.3M	185.46M	190.88M	226.84M	33.23M	5.2M	3.42M	23.56M	64.44M	66.15M
Interest Expense	0	0	0	0	271.45M	203.76M	187.99M	221.76M	270.96M	243.91M
Other Income/Expense	-706.76M	-124.1M	87.06M	-497.83M	-275.97M	-164.07M	-175.72M	-326.64M	104.02M	-275.24M
Pretax Income+	-178.21M	376.81M	585.3M	-29.88M	202.32M	240.47M	233.4M	-30.19M	672.87M	-315.5M
Pretax Margin %	-0.19%	0.4%	0.63%	-0.03%	0.22%	0.29%	0.31%	-0.04%	0.96%	-0.55%
Income Tax+	88.73M	83.91M	80.25M	61.06M	15.12M	-4.35M	71.03M	51.41M	89.6M	-13.04M
Effective Tax Rate %	1.5%	0.78%	0.86%	3.04%	0.93%	1.02%	0.4%	0.79%	0.23%	0.28%
Net Income+	-266.95M	292.89M	505.04M	-90.94M	187.2M	244.82M	92.53M	-23.76M	157.12M	-87.72M
Net Margin %	-0.28%	0.31%	0.54%	-0.1%	0.21%	0.3%	0.12%	-0.03%	0.22%	-0.15%
Net Income Growth %	-21.25%	2.1%	0.72%	-1.18%	3.06%	0.31%	-0.62%	-1.26%	7.61%	-1.56%
Net Income (Continuing)	-266.94M	292.9M	505.05M	-90.94M	187.2M	244.82M	162.37M	-81.6M	583.27M	-302.47M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	1.28B	1.36B	1.74B	1.79B
EPS (Diluted)+	-2.23	2.45	4.22	-0.76	1.56	3.71	13.12	-1.90	10.28	-6.29
EPS Growth %	-21.27%	2.1%	0.72%	-1.18%	3.05%	1.38%	2.54%	-1.14%	6.41%	-1.61%
EPS (Basic)	-2.23	2.45	4.22	-0.76	1.56	3.71	13.12	-1.90	11.29	-6.29
Diluted Shares Outstanding	119.54M	119.67M	119.68M	119.72M	119.76M	65.91M	12.02M	12.31M	15.29M	13.94M
Basic Shares Outstanding	119.54M	119.67M	119.68M	119.72M	119.76M	65.92M	12.02M	12.31M	13.92M	13.94M
Dividend Payout Ratio	-	0%	0%	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	759.79M	901.7M	554.97M	849.22M	875.2M	701.21M	1.62B	1.79B	1.82B	1.02B
Cash & Short-Term Investments	690.73M	782.41M	479.21M	787.07M	792.15M	642.37M	1.45B	1.68B	1.67B	552.63M
Cash Only	690.73M	782.41M	479.05M	768.43M	418.38M	540.01M	1.45B	1.68B	1.67B	552.06M
Short-Term Investments	0	0	162K	18.63M	373.77M	102.36M	861K	515K	631K	565K
Accounts Receivable	44.88M	48.04M	58.6M	39.25M	70.02M	43.21M	125.92M	59.66M	94.8M	188.18M
Days Sales Outstanding	17.16	18.84	23.06	15.87	28.06	19.22	60.62	28.68	49.14	120.28
Inventory	5.93M	3.92M	3M	2.43M	2.74M	4.1M	16.98M	2.02M	4.32M	1.46M
Days Inventory Outstanding	11.75	8.17	5.83	2.28	26.89	44.85	205.14	13.67	40.91	14.01
Other Current Assets	7.71M	62.8M	10.32M	17.57M	343.17K	6.87M	17.65M	33.96M	41.24M	272.41M
Total Non-Current Assets+	5.24B	5.24B	5.14B	5.04B	3.69B	3.68B	4.75B	4.69B	4.5B	5.92B
Property, Plant & Equipment	1.93B	1.92B	1.79B	1.7B	1.13B	1.03B	1.43B	1.36B	1.26B	2.28B
Fixed Asset Turnover	0.50x	0.49x	0.52x	0.53x	0.81x	0.79x	0.53x	0.56x	0.56x	0.25x
Goodwill	2.45B	2.45B	2.45B	2.45B	1.89B	1.92B	2.45B	2.45B	2.45B	2.61B
Intangible Assets	811.4M	832.51M	813M	811.15M	619.08M	611.61M	762.66M	756.88M	692.76M	497.47M
Long-Term Investments	0	0	18.95M	16.65M	39.91M	37.33M	16.35M	10.48M	0	0
Other Non-Current Assets	61.59M	42.35M	72.26M	57.82M	11.22M	12.61M	43.53M	63.28M	94.07M	533.27M
Total Assets+	6B	6.14B	5.7B	5.88B	4.57B	4.38B	6.36B	6.48B	6.31B	6.95B
Asset Turnover	0.16x	0.15x	0.16x	0.15x	0.20x	0.19x	0.12x	0.12x	0.11x	0.08x
Asset Growth %	0.05%	0.02%	-0.07%	0.03%	-0.22%	-0.04%	0.45%	0.02%	-0.03%	0.1%
Total Current Liabilities+	248.61M	205.48M	156.08M	178.22M	124.35M	127.26M	181.96M	171.4M	137.73M	256.58M
Accounts Payable	3.35M	2.5M	2.66M	3.61M	20.24M	23.62M	3.46M	1.98M	4.57M	107.95M
Days Payables Outstanding	6.64	5.22	5.17	3.38	198.47	258.35	41.75	13.36	43.31	1.04K
Short-Term Debt	93.9M	22.66M	14.49M	7.89M	20.26M	1.67M	0	0	0	0
Deferred Revenue (Current)	0	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	140.28M	141.11M	130.01M	158.13M	33.09M	32.04M	20.47M	15.57M	11.82M	10.64M
Current Ratio	3.06x	4.39x	3.56x	4.76x	7.04x	5.51x	8.89x	10.43x	13.19x	3.98x
Quick Ratio	3.03x	4.37x	3.54x	4.75x	7.02x	5.48x	8.80x	10.42x	13.16x	3.97x
Cash Conversion Cycle	22.27	21.79	23.72	14.76	-143.52	-194.28	224.01	29	46.74	-903.38
Total Non-Current Liabilities+	4.84B	4.74B	4.4B	4.61B	3.48B	3.11B	4.48B	4.47B	3.78B	4.19B
Long-Term Debt	3.98B	3.84B	3.53B	3.72B	2.84B	2.5B	3.79B	3.85B	3.2B	3.1B
Capital Lease Obligations	0	0	0	340K	20.6M	21.13M	33.73M	31.99M	31.12M	31.34M
Deferred Tax Liabilities	0	0	0	0	268.95M	255.8M	296.32M	271.25M	235.25M	175.54M
Other Non-Current Liabilities	857.17M	895.39M	864.3M	890.97M	59.27M	68.13M	71.63M	55.15M	88.94M	703M
Total Liabilities	5.09B	4.94B	4.55B	4.79B	3.61B	3.23B	4.67B	4.64B	3.91B	4.45B
Total Debt+	4.07B	3.87B	3.55B	3.73B	2.89B	2.52B	3.83B	3.88B	3.23B	3.13B
Net Debt	3.38B	3.08B	3.07B	2.96B	2.47B	1.98B	2.38B	2.21B	1.56B	2.58B
Debt / Equity	4.44x	3.24x	3.11x	3.41x	3.00x	2.20x	2.26x	2.11x	1.35x	1.25x
Debt / EBITDA	5.33x	5.16x	4.84x	5.20x	3.88x	3.95x	6.09x	7.77x	4.22x	31.83x
Net Debt / EBITDA	4.43x	4.12x	4.19x	4.13x	3.31x	3.11x	3.78x	4.41x	2.04x	26.21x
Interest Coverage	-	-	-	-	1.76x	1.99x	2.18x	1.34x	2.10x	-0.17x
Total Equity+	918.13M	1.19B	1.14B	1.09B	960.34M	1.15B	1.7B	1.84B	2.4B	2.5B
Equity Growth %	-0.19%	0.3%	-0.04%	-0.04%	-0.12%	0.19%	0.48%	0.08%	0.3%	0.04%
Book Value per Share	7.68	9.98	9.55	9.13	8.02	17.39	141.12	149.47	156.92	179.14
Total Shareholders' Equity	918.13M	1.19B	1.14B	1.09B	960.34M	1.15B	415.67M	481.44M	661.92M	710.28M
Common Stock	656.86M	658.73M	152.67M	153.7M	20.5M	20.86M	42.84M	46.55M	51.25M	59.08M
Retained Earnings	188.48M	467.86M	968.41M	843.6M	795.11M	994.12M	350.03M	356.27M	534.06M	467.33M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	72.78M	67.44M	21.73M	95.68M	45.79M	29.61M	22.8M	78.61M	76.61M	183.87M
Minority Interest	0	0	0	0	0	0	1.28B	1.36B	1.74B	1.79B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	422.36M	527.36M	486.7M	466.3M	375.62M	371.68M	296.39M	228.85M	170.06M	62.46M
Operating CF Margin %	0.44%	0.57%	0.52%	0.52%	0.41%	0.45%	0.39%	0.3%	0.24%	0.11%
Operating CF Growth %	0.03%	0.25%	-0.08%	-0.04%	-0.19%	-0.01%	-0.2%	-0.23%	-0.26%	-0.63%
Net Income	-266.94M	292.9M	505.05M	-90.94M	187.2M	244.82M	157.76M	-80.12M	583.27M	-302.47M
Depreciation & Amortization	235.74M	252.46M	247.39M	249.16M	266.24M	234.08M	219.91M	203.73M	195.76M	138.61M
Stock-Based Compensation	5.37M	5.77M	2.86M	29.5M	16.04M	12.5M	73.72M	67.43M	33.02M	17.56M
Deferred Taxes	0	0	0	0	15.12M	-4.35M	78.38M	49.93M	89.6M	-13.04M
Other Non-Cash Items	440.13M	-118.33M	-309.9M	700.22M	-95.04M	-130.38M	-174.76M	-5.38M	-692.37M	266.92M
Working Capital Changes	8.07M	94.56M	41.3M	88.81M	-13.94M	15.02M	-58.63M	-6.74M	-39.21M	-45.12M
Change in Receivables	4.94M	-8.35M	-13.27M	22.06M	-16.11M	-4.17M	-55.43M	2.3M	-24.43M	-13.8M
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	0	0	0	-4.7M	1.69M	1.86M	14.07M	-7.07M	0	0
Cash from Investing+	-193.87M	-286.1M	-164.61M	-103.31M	-39.61M	-92.23M	-272.86M	74K	212.05M	-1.09B
Capital Expenditures	-193.86M	-243.81M	-146.6M	-103.31M	-35.94M	-16.33M	-35.78M	-64.58M	-42.92M	-64.8M
CapEx % of Revenue	0.2%	0.26%	0.16%	0.11%	0.04%	0.02%	0.05%	0.09%	0.06%	0.11%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-5K	-42.28M	-18.01M	-19.92M	-3.67M	-75.9M	-237.08M	64.65M	254.97M	-1.03B
Cash from Financing+	-80.58M	-139.76M	-588.81M	-114.21M	-40.32M	-450.24M	605.24M	-104.86M	-355.74M	-170.2M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-10K	-10K	-10K	0	-20K	-10K	-10K	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-6.7M	-66.94M	-51.02M	-19.23M	-81.67M	5.15M	-12.47M	-5.13M	-9.56M	-4.15M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	228.5M	283.55M	340.1M	362.99M	339.68M	355.35M	260.61M	164.27M	113.87M	-2.39M
FCF Margin %	0.24%	0.3%	0.37%	0.4%	0.37%	0.43%	0.34%	0.22%	0.16%	-0%
FCF Growth %	-0.28%	0.24%	0.2%	0.07%	-0.06%	0.05%	-0.27%	-0.37%	-0.31%	-1.02%
FCF per Share	1.91	2.37	2.84	3.03	2.84	5.39	21.68	13.34	7.45	-0.17
FCF Conversion (FCF/Net Income)	-1.58x	1.80x	0.96x	-5.13x	2.01x	1.52x	3.20x	-9.63x	1.08x	-0.71x
Interest Paid	0	0	0	0	0	188.97M	158.81M	184.78M	271.93M	231.32M
Taxes Paid	0	0	0	0	0	53.84M	94.29M	98.79M	67.34M	68.61M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-26.05%	27.73%	43.22%	-8.13%	18.23%	23.25%	6.51%	-1.34%	7.41%	-3.58%
Return on Invested Capital (ROIC)	9.33%	8.67%	8.59%	8.49%	9.59%	9.25%	8.52%	5.48%	10.66%	-0.67%
Gross Margin	80.7%	81.21%	79.76%	56.88%	95.91%	95.93%	96.02%	92.89%	94.53%	93.35%
Net Margin	-27.96%	31.46%	54.46%	-10.07%	20.55%	29.84%	12.2%	-3.13%	22.31%	-15.36%
Debt / Equity	4.44x	3.24x	3.11x	3.41x	3.00x	2.20x	2.26x	2.11x	1.35x	1.25x
Interest Coverage	-	-	-	-	1.76x	1.99x	2.18x	1.34x	2.10x	-0.17x
FCF Conversion	-1.58x	1.80x	0.96x	-5.13x	2.01x	1.52x	3.20x	-9.63x	1.08x	-0.71x
Revenue Growth	3.47%	-2.52%	-0.37%	-2.64%	0.88%	-9.93%	-7.59%	0.13%	-7.25%	-18.9%

Revenue by Segment

	2021	2022	2023	2024
Enterprise Member	-	388.99M	359.74M	267.77M
Enterprise Member Growth	-	-	-7.52%	-25.57%
EnterpriseMember	10.02M	-	-	-
EnterpriseMember Growth	-	-	-	-
BroadcastMember	67K	-	-	-
BroadcastMember Growth	-	-	-	-

Revenue by Geography

	2021	2022	2023	2024
Canada1Member	330.83M	-	-	-
Canada1Member Growth	-	-	-	-
UnitedStates1Member	292.47M	-	-	-
UnitedStates1Member Growth	-	-	-	-
LatinAmericaCaribbeanMember	55.82M	-	-	-
LatinAmericaCaribbeanMember Growth	-	-	-	-
EuropeMiddleEastAfricaMember	40.82M	-	-	-
EuropeMiddleEastAfricaMember Growth	-	-	-	-
AsiaAustraliaMember	38.27M	-	-	-
AsiaAustraliaMember Growth	-	-	-	-

Frequently Asked Questions

Growth & Financials

Telesat Corporation (TSAT) reported $423.4M in revenue for fiscal year 2024. This represents a 50% decrease from $845.8M in 2012.

Telesat Corporation (TSAT) saw revenue decline by 18.9% over the past year.

Telesat Corporation (TSAT) reported a net loss of $146.2M for fiscal year 2024.

Dividend & Returns

Telesat Corporation (TSAT) has a return on equity (ROE) of -3.6%. Negative ROE indicates the company is unprofitable.

Telesat Corporation (TSAT) had negative free cash flow of $119.0M in fiscal year 2024, likely due to heavy capital investments.