Telesat Corporation Class A Common Shares and Class B Variable Voting Shares (TSAT)

FairStock Score: 42/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am wary when a satellite operator reports shrinking revenue and heavy losses. Telesat runs GEO and LEO networks and sells mission-critical communications globally, which sounds durable, but the figures around the 2026-10-13 close do not show durable earnings power. In the second quarter of fiscal 2026, the latest reported period, revenue was $79.5M and net income was $-165.8M, a -208.55% margin. The provided growth figures are -25.43% for revenue and -192.80% for profit, and EPS is listed at -$17.98. FairStock calculates P/E of -2.54 and P/B of 2.56 at the $45.72 close on 2026-10-13, so the market is not paying for demonstrated profits. FairStock also calculates ROE of -72.97%, ROCE of 0.03%, debt-to-equity of 3.24, FCF yield of -11.6%, Piotroski F-Score of 2/9 and Altman Z-Score of -0.33. Trailing 12-month free cash flow is -$282.7M, meaning the business consumes cash. FairStock's Lynch category is none because only 0 years of filed results are available and three are needed. Beta of 2.05 and a 52-week range of $23.01-$61.54 point to a volatile stock. The FairStock Score is 42/100. As Graham would say, a high price for negative earnings offers no margin of safety. Unless cash burn reverses and revenue stabilizes, the equity looks speculative, not a value bargain.

In plain English: Telesat runs satellites that carry communications for television, internet and businesses around the world. The business looks weak right now: revenue fell, it lost a large amount of money in its latest quarter, and it uses more cash than it brings in. At the recent price, the shares look expensive compared with those struggling numbers, and the stock has been very volatile.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer