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TSAT$49.71-8.30%
Fair $49.71+0.0%

TSAT

Telesat Corporation

Technology / Communication EquipmentNasdaqGS

$49.71

-4.50 (-8.30%)

Fairly Valued+0.0%Fair Value $49.71Fund rank 19/100 · Data gapFallback financials|
SA 19/F
F-Score: 3/9
High DebtDeclining RevenueLow Profitability

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 35% · confianza 10%

FCF escenarios

weak_data · normalized FCF $-2.4M · quality 17.3/100

Data gap 19/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 19/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

19/100

F

Piotroski

3/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 3unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified. Debt-to-Equity ratio is 6.66, above the 2.0 threshold Revenue has declined for 3 consecutive years ROE is -29.3%, below the 5% threshold
Thesis & Journal · TSATLocal privado en este navegador · Telesat Corporation
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$2.6B

P/E

N/A

•

EV/EBITDA

N/A

•

ROE

-29.3%

↓

Gross Margin

94.6%

↑

Debt/Equity

6.66

↑
52-Week Range$50
$16$59

TradingView lightweight chart

TSAT price, volumen y niveles de valoración

Último $49.71Periodo +80.8%
Fair value: $49.71

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

-18.0%

FCF CAGR

—

FCF margin

-17.7%

FCF / Net income

0.48x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $418.0M · net income $-155.4M · FCF $-73.8M

2022-FY → 2025-FY

Gross margin

94.6%+1.7% pts

Operating margin

13.7%-25.3% pts

Net margin

-37.2%-34.0% pts

FCF margin

-17.7%-44.9% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$418.0M$418.0M$571.0M$704.2M$759.2M
Net Income$-155.4M$-155.4M$-87.7M$157.1M$-23.8M
EBITDA$-230.0M$-230.0M$67.0M$1.14B$395.3M
EPS-10.61-10.61-6.2911.29-1.90
Gross Margin94.6%94.6%93.4%94.5%92.9%
Operating Margin13.7%13.7%39.3%92.1%39.0%
Net Margin-37.2%-37.2%-15.4%22.3%-3.1%
Balance Sheet
Debt/Equity6.666.664.414.888.07
Current Ratio0.250.25———
Cash Flow
Free Cash Flow$-73.8M$-73.8M$-2.4M$113.9M$206.8M
Returns
ROE-29.3%-29.3%-12.4%23.7%-4.9%
Valuation
P/E———0.88—
EV/EBITDA——42.121.505.88
P/B1.371.370.340.230.24
Growth & Yield
Revenue Growth-26.8%-26.8%-18.9%-7.2%—
EPS Growth-68.7%-68.7%-155.7%694.2%—

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
Reverse DCF requires positive EPS; loss-making or zero-EPS companies cannot produce a clean EPS hurdle.

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +209.7%

Total return

+209.7%

Start / end P/E

n/dx → n/dx

EPS bridge

-6.29 → -10.61

Residual

+209.7%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term+209.7%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.