Employees: 711
Size Telesat (TSAT.TO) is a Canada Communication Services company (Specialty Telecommunications) with a market value of $644M, the 309th largest of 420 Canada companies the cockpit tracks. Shares closed at C$58.89 on 6 Nov 2026.
Performance Over six months the shares fell 17.9%, against -13.7% for the median peer and +5.2% for the Canada market (cap-weighted) — 5th lowest of 18 in its peer set.
Growth Revenue fell 24.5% over the last twelve months (peer median +5.1%); the operating margin is -8.0% (peer median 6.8%).
Valuation It trades at 14.2× enterprise value to sales against a peer median of 3.4× (2nd most expensive of 18).
Capital Return on invested capital runs 6.0 points below its cost of capital (5.6% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$341M | C$418M | C$571M | C$704M | C$759M |
| Revenue growth | — | -27% | -19% | -7% | — |
| Gross profit | C$86.3M | C$154M | C$284M | C$352M | C$349M |
| EBITDA | C$102M | C$206M | C$363M | C$500M | C$500M |
| Net income | -C$384M | -C$155M | -C$87.7M | C$157M | -C$23.8M |
| Free cash flow | -C$427M | -C$698M | -C$1.05B | C$43.8M | C$164M |
| Capital expenditure | C$802M | C$765M | C$1.11B | C$140M | C$64.6M |
| Total debt | C$4.06B | C$3.53B | C$3.13B | C$3.23B | C$3.88B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TSAT.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.5% | +0.8% | 4th lowest of 18 |
| 6-month return | -17.9% | -13.7% | 5th lowest of 18 |
| Distance from 52-week high | -31.1% | -27.1% | 9th lowest of 18 |
| Revenue growth (TTM) | -24.5% | +5.1% | 2nd lowest of 18 |
| Operating margin | -8.0% | 6.8% | 5th lowest of 17 |
| EV / Sales | 14.2× | 3.4× | 2nd most expensive of 18 |
| ROIC minus cost of capital | -6.0 pp | +0.3 pp | 6th lowest of 17 |
| EV / EBITDA | 47.3× | 9.4× | most expensive of 10 |
| Net debt / EBITDA | 31.6× | 0.8× | most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Telesat TSAT.TO | Canada | $644M | -18% | -24% | -8% | 14.2× | n/a | n/a |
| KINX 093320.KS | South Korea | $623M | +68% | +7% | 19% | 5.4× | 7.8% | +17.7% |
| Eastone Century Technology 300310.SZ | China | $575M | -24% | +3% | 0% | 1.4× | n/a | n/a |
| Juneyao Grand Healthy Drinks 605388.SS | China | $524M | -15% | +5% | -19% | 2.3× | n/a | n/a |
| Chief Telecom 6561.TWO | Taiwan | $796M | +2% | -1% | 39% | 7.1× | -0.7% | +9.0% |
| Tata Teleservices (Maharashtra) TTML.NS | India | $824M | -11% | -1% | 44% | 22.9× | 22.7% | +2.1% |
| Macquarie Technology MAQ.AX | Australia | $890M | -34% | +6% | 15% | 3.4× | n/a | n/a |
| cyber_Folks CBF.WA | Poland | $899M | +8% | +27% | n/a | 4.3× | n/a | n/a |
| Net263 002467.SZ | China | $939M | -33% | +14% | -29% | 6.6× | n/a | n/a |
| Beijing Waluer Information Technology 301380.SZ | China | $440M | -14% | +7% | 7% | 2.6× | 16.4% | +16.4% |
| Aussie Broadband ABB.AX | Australia | $968M | -13% | +9% | 7% | 1.2× | 13.1% | +29.9% |
| Ituran Location and Control ITRN | United States | $987M | -18% | +16% | 22% | 2.3× | -3.4% | +7.9% |
| Guangzhou Frontop Digital Creative Technology 301313.SZ | China | $1.02B | +90% | +1% | -31% | 12.8× | n/a | n/a |
| Guomai Technologies 002093.SZ | China | $1.08B | -14% | +3% | 24% | 10.8× | 11.7% | +6.5% |
| CITIC Telecom International 1883.HK | Hong Kong | $1.14B | -14% | 0% | 12% | 1.1× | -10.5% | +1.4% |
| Shunya International Martech (Beijing) 300612.SZ | China | $341M | -17% | -45% | -24% | 7.6× | n/a | n/a |
| StarHub CC3.SI | Singapore | $1.41B | +4% | -8% | 5% | 1.4× | 7.2% | +3.0% |
| U-NEXT 9418.T | Japan | $2.04B | +17% | +20% | 6% | 0.8× | 0.4% | +17.7% |