TELESAT CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 10.24 CAD | +3.12% |
|
+1.39% | -25.90% |
| 30/04 | Deutsche Bank Initiates Telesat Coverage With Hold Rating, US$9 Target | MT |
| 30/04 | Deutsche Bank Initiates Telesat at Hold With $9 Price Target | MT |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 432.2 | 124.8 | 188.1 | 140.8 | - | - |
| Enterprise Value (EV) 1 | 432.2 | 124.8 | 188.1 | 2,746 | 3,509 | 4,380 |
| P/E ratio | 16.2 x | -5.22 x | 1.22 x | -1.56 x | -0.95 x | -0.58 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | - | - | 0.27 x | 0.25 x | 0.28 x | 0.28 x |
| EV / Revenue | - | - | 0.27 x | 4.9 x | 6.94 x | 8.65 x |
| EV / EBITDA | - | - | 0.35 x | 7.77 x | 11.9 x | 16.5 x |
| EV / FCF | - | - | 6.36 x | -2.28 x | -5.76 x | - |
| FCF Yield | - | - | 15.7% | -43.8% | -17.4% | - |
| Price to Book | - | - | - | 0.07 x | 0.11 x | 0.17 x |
| Nbr of stocks (in thousands) | 12,020 | 12,595 | 13,610 | 13,754 | - | - |
| Reference price 2 | 35.96 | 9.910 | 13.82 | 10.24 | 10.24 | 10.24 |
| Announcement Date | 18/03/22 | 29/03/23 | 28/03/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | - | - | 704.2 | 560.1 | 505.7 | 506.6 |
| EBITDA 1 | - | - | 533.7 | 353.4 | 295.8 | 265.3 |
| EBIT 1 | - | - | 568.8 | 129.8 | 10.46 | -94.5 |
| Operating Margin | - | - | 80.78% | 23.17% | 2.07% | -18.65% |
| Earnings before Tax (EBT) 1 | - | - | 672.9 | -80.08 | -196.5 | -444.6 |
| Net income 1 | 103.5 | -23.4 | 157.1 | -103.3 | -203.8 | -477.9 |
| Net margin | - | - | 22.31% | -18.44% | -40.3% | -94.34% |
| EPS 2 | 2.220 | -1.900 | 11.29 | -6.574 | -10.74 | -17.57 |
| Free Cash Flow 1 | - | - | 29.58 | -1,204 | -608.8 | - |
| FCF margin | - | - | 4.2% | -215% | -120.38% | - |
| FCF Conversion (EBITDA) | - | - | 5.54% | - | - | - |
| FCF Conversion (Net income) | - | - | 18.83% | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - |
| Announcement Date | 18/03/22 | 29/03/23 | 28/03/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 165.9 | 145.7 | 142.9 | 137.2 | 134.3 | 128.9 |
| EBITDA 1 | - | 123.3 | 96.29 | 93.71 | 83.35 | 80.19 | 76.3 |
| EBIT 1 | - | -9.668 | 45.3 | 41.54 | 25.74 | 17.24 | - |
| Operating Margin | - | -5.83% | 31.1% | 29.07% | 18.76% | 12.84% | - |
| Earnings before Tax (EBT) 1 | - | 29.12 | -5.036 | -10.3 | -27.4 | -37.35 | -27.4 |
| Net income 1 | -1.022 | 10.46 | -11.64 | -16.65 | -32.75 | -42.25 | -21.9 |
| Net margin | - | 6.31% | -7.99% | -11.65% | -23.87% | -31.46% | -16.99% |
| EPS 2 | -0.0800 | 0.7400 | -0.8044 | -1.100 | -2.045 | -2.467 | -1.590 |
| Dividend per Share 2 | - | - | - | - | - | - | - |
| Announcement Date | 06/11/23 | 28/03/24 | - | - | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 2,606 | 3,368 | 4,239 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | 7.372 x | 11.38 x | 15.98 x |
| Free Cash Flow 1 | - | - | 29.6 | -1,204 | -609 | - |
| ROE (net income / shareholders' equity) | - | - | - | -6.51% | -14.3% | -26.6% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - |
| Book Value Per Share 2 | - | - | - | 143.0 | 96.20 | 59.60 |
| Cash Flow per Share 2 | - | - | - | 7.050 | 1.800 | -2.700 |
| Capex 1 | - | - | 140 | 1,232 | 754 | 749 |
| Capex / Sales | - | - | 19.81% | 219.88% | 148.99% | 147.85% |
| Announcement Date | 18/03/22 | 29/03/23 | 28/03/24 | - | - | - |
1CAD in Million2CAD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
10.24
CAD
Average target price
12.32
CAD
Spread / Average Target
+20.31%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -25.90% | 103M | |
| -11.77% | 152B | |
| -11.96% | 8.9B | |
| +5.28% | 4.74B | |
| -26.34% | 3.68B | |
| -32.99% | 2.45B | |
| -23.49% | 2.14B | |
| +28.94% | 1.67B | |
| -8.05% | 1.59B | |
| -0.76% | 390M |
- Stock Market
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- TSAT Stock
- Financials Telesat Corporation
