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← CockpitCompetitor Analysis › TSAT.TO Telesat Corp.Open in the cockpit ↗

Telesat Corp.TSAT.TOCompetitor analysis, valuation and peers

Canada · CAD·Communication Services›Specialty Telecommunications
Momentum laggard 16
Mkt cap
$644M
US dollars, full cap
Free float
99%
of shares outstanding
$/day
$2.81M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-6.0 pp
WACC 5.6%
Hurdle
n/a
no reverse DCF
Next earnings
146 days
1 Apr 2027
Close · CADC$58.89
1D+12.8%
1W+5.5%
1M-11.5%
3M-28.0%
6M-17.9%
YTD+48.8%
1Y+47.1%
ATR %8.4%
52w lowhigh31.1% off high

What Telesat does

Employees: 711

Telesat at a glance

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).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 85TSAT.TO 79
Six months, rebased to 100: Telesat against the median of its 17 peers (local-currency closes).

Telesat financials

Reported figures in CAD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueC$341MC$418MC$571MC$704MC$759M
Revenue growth—-27%-19%-7%—
Gross profitC$86.3MC$154MC$284MC$352MC$349M
EBITDAC$102MC$206MC$363MC$500MC$500M
Net income-C$384M-C$155M-C$87.7MC$157M-C$23.8M
Free cash flow-C$427M-C$698M-C$1.05BC$43.8MC$164M
Capital expenditureC$802MC$765MC$1.11BC$140MC$64.6M
Total debtC$4.06BC$3.53BC$3.13BC$3.23BC$3.88B

Quarterly statements and history in the cockpit →

Telesat competitor charts

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.

Performance: 6-month against 1-month return

0%+50%+100%0%+50%+100%+150%0933203003106053886561TTMLMAQCBF002467301380ITRN301313CC3TSAT.TO6-month return →1-month return →
Up and to the right = strong over both horizons. Telesat is the large dot.

Fundamentals: revenue growth against valuation

-40%-20%0%+20%0×10×20×0933203003106053886561TTMLMAQCBF002467ABBITRN3013130020931883300612CC39418TSAT.TORevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Telesat is the large dot.

Telesat competitors and peer comparison

How Telesat compares with its peers

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.

Telesat against its 17 peers (data as of 6 Nov 2026)
MeasureTSAT.TOPeer medianRank 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 / Sales14.2×3.4×2nd most expensive of 18
ROIC minus cost of capital-6.0 pp+0.3 pp6th lowest of 17
EV / EBITDA47.3×9.4×most expensive of 10
Net debt / EBITDA31.6×0.8×most indebted of 10

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Telesat TSAT.TOCanada$644M-18%-24%-8%14.2×n/an/a
KINX 093320.KSSouth Korea$623M+68%+7%19%5.4×7.8%+17.7%
Eastone Century Technology 300310.SZChina$575M-24%+3%0%1.4×n/an/a
Juneyao Grand Healthy Drinks 605388.SSChina$524M-15%+5%-19%2.3×n/an/a
Chief Telecom 6561.TWOTaiwan$796M+2%-1%39%7.1×-0.7%+9.0%
Tata Teleservices (Maharashtra) TTML.NSIndia$824M-11%-1%44%22.9×22.7%+2.1%
Macquarie Technology MAQ.AXAustralia$890M-34%+6%15%3.4×n/an/a
cyber_Folks CBF.WAPoland$899M+8%+27%n/a4.3×n/an/a
Net263 002467.SZChina$939M-33%+14%-29%6.6×n/an/a
Beijing Waluer Information Technology 301380.SZChina$440M-14%+7%7%2.6×16.4%+16.4%
Aussie Broadband ABB.AXAustralia$968M-13%+9%7%1.2×13.1%+29.9%
Ituran Location and Control ITRNUnited States$987M-18%+16%22%2.3×-3.4%+7.9%
Guangzhou Frontop Digital Creative Technology 301313.SZChina$1.02B+90%+1%-31%12.8×n/an/a
Guomai Technologies 002093.SZChina$1.08B-14%+3%24%10.8×11.7%+6.5%
CITIC Telecom International 1883.HKHong Kong$1.14B-14%0%12%1.1×-10.5%+1.4%
Shunya International Martech (Beijing) 300612.SZChina$341M-17%-45%-24%7.6×n/an/a
StarHub CC3.SISingapore$1.41B+4%-8%5%1.4×7.2%+3.0%
U-NEXT 9418.TJapan$2.04B+17%+20%6%0.8×0.4%+17.7%

Questions

Which companies are Telesat's closest peers?
The cockpit's peer set: KINX (093320.KS), Eastone Century Technology (300310.SZ), Juneyao Grand Healthy Drinks (605388.SS), Chief Telecom (6561.TWO), Tata Teleservices (Maharashtra) (TTML.NS), Macquarie Technology (MAQ.AX), cyber_Folks (CBF.WA), Net263 (002467.SZ).
Is Telesat expensive compared with its peers?
On ev / sales it trades at 14.2× against a peer median of 3.4×, 2nd most expensive of 18 in its peer set.
How has Telesat stock performed?
Over six months to 6 Nov 2026 the shares returned -17.9% against -13.7% for the median peer; over one year +47.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.