Telesat Corporation (TSAT) Financial Ratios
14 years of historical data (2012–2025) · Technology · Communication Equipment
EV/EBITDA
↑
19.52
↑+73% vs avg
5yr avg: 11.31
30Y Low1.9·High28.5
P/FCF
↑
N/A
—
5yr avg: 1.09
30Y Low0.6·High10.1
P/B Ratio
↑
0.55
↑+325% vs avg
5yr avg: 0.13
30Y Low0.1·High1.7
ROE
↓
-7.3%
↑-2220% vs avg
5yr avg: 0.3%
30Y Low-26%·High43%
Debt/EBITDA
↑
17.14
↑+28% vs avg
5yr avg: 13.41
30Y Low3.9·High31.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TSAT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Telesat Corporation currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $722M | $426M | $229M | $159M | $92M | $345M | $277M | $774M | $892M | $1.1B | $983M |
| Enterprise Value | $2.9B | $3.5B | $2.8B | $1.7B | $2.3B | $2.7B | $2.3B | $3.2B | $3.9B | $4.1B | $4.1B |
| P/E Ratio → | -6.32 | — | — | 1.01 | — | 2.19 | 5.66 | 20.72 | — | 10.44 | 16.76 |
| P/S Ratio | 2.36 | 1.02 | 0.40 | 0.23 | 0.12 | 0.45 | 0.34 | 0.85 | 0.99 | 1.14 | 1.06 |
| P/B Ratio | 0.55 | 0.24 | 0.09 | 0.07 | 0.05 | 0.20 | 0.24 | 0.81 | 0.82 | 0.92 | 0.82 |
| P/FCF | — | — | — | 1.40 | 0.56 | 1.32 | 0.78 | 2.28 | 2.46 | 3.10 | 3.47 |
| P/OCF | 14.78 | 6.39 | 3.67 | 0.94 | 0.40 | 1.16 | 0.74 | 2.06 | 1.91 | 2.17 | 1.86 |
P/E links to full P/E history page with 30-year chart
TSAT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Telesat Corporation's enterprise value stands at 19.5x EBITDA, 73% above its 5-year average of 11.3x. The Technology sector median is 17.4x, placing the stock at a 12% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 8.29 | 4.92 | 2.44 | 3.03 | 3.59 | 2.76 | 3.56 | 4.27 | 4.45 | 4.37 |
| EV / EBITDA | 19.52 | 16.81 | 28.54 | 2.25 | 4.60 | 4.33 | 3.54 | 4.35 | 5.37 | 5.62 | 5.43 |
| EV / EBIT | 70.26 | 60.50 | — | 1.82 | 12.00 | 6.46 | 5.09 | 6.84 | 8.34 | 8.48 | 8.20 |
| EV / FCF | — | — | — | 15.11 | 13.99 | 10.45 | 6.36 | 9.54 | 10.62 | 12.13 | 14.34 |
TSAT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Telesat Corporation earns an operating margin of 13.7%. Operating margins have compressed from 80.8% to 13.7% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -7.3% indicates the company is currently destroying shareholder equity. ROIC of 0.9% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.8% | 36.8% | 93.4% | 94.5% | 92.9% | 96.0% | 95.9% | 95.9% | 56.9% | 79.8% | 81.2% |
| Operating Margin | 13.7% | 13.7% | -7.1% | 80.8% | 39.0% | 54.0% | 49.3% | 52.5% | 51.8% | 52.4% | 53.3% |
| Net Profit Margin | -37.2% | -37.2% | -15.4% | 22.3% | -3.1% | 12.2% | 29.8% | 20.6% | -10.1% | 54.5% | 31.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -7.3% | -7.3% | -3.6% | 7.4% | -1.3% | 6.5% | 23.2% | 18.2% | -8.1% | 43.2% | 27.7% |
| ROA | -2.3% | -2.3% | -1.3% | 2.5% | -0.4% | 1.7% | 5.5% | 3.6% | -1.6% | 8.5% | 4.8% |
| ROIC | 0.9% | 0.9% | -0.7% | 10.7% | 5.5% | 8.5% | 9.3% | 9.6% | 8.5% | 8.6% | 8.7% |
| ROCE | 1.1% | 1.1% | -0.6% | 9.1% | 4.7% | 7.8% | 9.3% | 9.4% | 8.3% | 8.5% | 8.5% |
TSAT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Telesat Corporation carries a Debt/EBITDA ratio of 17.1x, which is highly leveraged (497% above the sector average of 2.9x). Net debt stands at $3.0B ($3.5B total debt minus $494M cash). Interest coverage of just 0.3x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.00 | 2.00 | 1.25 | 1.35 | 2.11 | 2.26 | 2.20 | 3.00 | 3.41 | 3.11 | 3.24 |
| Debt / EBITDA | 17.14 | 17.14 | 31.83 | 4.22 | 7.77 | 6.09 | 3.95 | 3.88 | 5.20 | 4.84 | 5.16 |
| Net Debt / Equity | — | 1.72 | 1.03 | 0.65 | 1.20 | 1.40 | 1.73 | 2.57 | 2.71 | 2.69 | 2.58 |
| Net Debt / EBITDA | 14.74 | 14.74 | 26.21 | 2.04 | 4.41 | 3.78 | 3.11 | 3.31 | 4.13 | 4.19 | 4.12 |
| Debt / FCF | — | — | — | 13.71 | 13.43 | 9.13 | 5.58 | 7.26 | 8.16 | 9.03 | 10.88 |
| Interest Coverage | 0.26 | 0.26 | -0.29 | 3.48 | 0.86 | 2.24 | 2.18 | 1.75 | — | — | — |
TSAT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.18x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 13.19x to 0.18x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.18 | 0.18 | 3.98 | 13.19 | 10.43 | 8.89 | 5.51 | 7.04 | 4.76 | 3.56 | 4.39 |
| Quick Ratio | 0.18 | 0.18 | 3.97 | 13.16 | 10.42 | 8.80 | 5.48 | 7.02 | 4.75 | 3.54 | 4.37 |
| Cash Ratio | 0.15 | 0.15 | 2.15 | 12.12 | 9.79 | 7.97 | 5.05 | 6.37 | 4.42 | 3.07 | 3.81 |
| Asset Turnover | — | 0.06 | 0.08 | 0.11 | 0.12 | 0.12 | 0.19 | 0.20 | 0.15 | 0.16 | 0.15 |
| Inventory Turnover | 177.82 | 177.82 | 26.06 | 8.92 | 26.70 | 1.78 | 8.14 | 13.57 | 160.31 | 62.60 | 44.66 |
| Days Sales Outstanding | — | 56.22 | 120.28 | 49.14 | 28.68 | 60.62 | 19.22 | 28.06 | 15.87 | 23.06 | 18.84 |
TSAT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Telesat Corporation does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | 0.0% | 0.0% | 0.0% | — | 0.0% | 0.0% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | 0.0% | 0.0% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 98.6% | — | 45.8% | 17.7% | 4.8% | — | 9.6% | 6.0% |
| FCF Yield | — | — | — | 71.4% | 177.9% | 75.6% | 128.4% | 43.9% | 40.7% | 32.3% | 28.9% |
| Buyback Yield | 0.0% | 0.0% | 3.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 48.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 3.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 48.0% | 0.0% |
| Shares Outstanding | — | $15M | $14M | $15M | $12M | $12M | $13M | $24M | $24M | $24M | $24M |
Peer Comparison
Compare TSAT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 TSATYou | $722M | -6.3 | 19.5 | — | 36.8% | 13.7% | -7.3% | 0.9% | 17.1 |
 SATS | $17B | -2.5 | — | — | 37.1% | -118.1% | -178.7% | -32.9% | — |
 VSAT | $9B | -15.0 | 11.6 | — | 33.0% | -2.2% | -11.8% | -0.7% | 5.9 |
 GSAT | $10B | -138.9 | 119.8 | 58.2 | 66.9% | -0.4% | -17.1% | -0.1% | 6.2 |
 IRDM | $4B | 38.3 | 13.3 | 14.3 | 77.3% | 27.1% | 22.0% | 8.0% | 3.9 |
 AMC | $1B | -1.3 | 4.7 | — | 75.0% | 38.1% | — | 23.7% | 4.4 |
 BA | $181B | 92.7 | — | — | 4.8% | -6.1% | 289.7% | -9.5% | — |
 LMT | $119B | 23.9 | 16.1 | 17.2 | 10.2% | 10.3% | 76.9% | 23.9% | 2.6 |
 NOC | $79B | 19.2 | 16.5 | 24.0 | 19.8% | 10.2% | 26.2% | 10.2% | 3.4 |
 RTX | $238B | 35.6 | 21.0 | 30.0 | 20.1% | 10.0% | 10.4% | 6.7% | 3.1 |
 SPCE | $168M | -0.2 | — | — | -1179.5% | -5352.9% | -83.8% | -42.0% | — |
| Technology Median | — | 27.4 | 17.4 | 19.8 | 48.6% | -0.5% | 2.4% | 2.9% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 14 years · Updated daily
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Start ComparisonTSAT — Frequently Asked Questions
Quick answers to the most common questions about buying TSAT stock.
What is Telesat Corporation's P/E ratio?
Telesat Corporation's current P/E ratio is -6.3x. The historical average is 28.4x.
What is Telesat Corporation's EV/EBITDA?
Telesat Corporation's current EV/EBITDA is 19.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.3x.
What is Telesat Corporation's ROE?
Telesat Corporation's return on equity (ROE) is -7.3%. The historical average is 6.4%.
Is TSAT stock overvalued?
Based on historical data, Telesat Corporation is trading at a P/E of -6.3x. Compare with industry peers and growth rates for a complete picture.
What are Telesat Corporation's profit margins?
Telesat Corporation has 36.8% gross margin and 13.7% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Telesat Corporation have?
Telesat Corporation's Debt/EBITDA ratio is 17.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.