TSAT Valuation

Telesat Corp

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20.960

+0.56(2.745%)1D

Overview
Forecast
Valuation
Earnings

TSAT Relative Valuation

TSAT's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, TSAT is overvalued; if below, it's undervalued.

Historical Valuation

Telesat Corp (TSAT) is now in the Fair zone, suggesting that its current forward PS ratio of 1.08 is considered Fairly compared with the five-year average of -2.85. The fair price of Telesat Corp (TSAT) is between 12.46 to 21.40 according to relative valuation methord.

Relative Value

Fair Zone

12.46-21.40

Current Price：20.96

Fair

0.00

Trailing

Forward

36.10

EV/EBITDA

Telesat Corp. (TSAT) has a current EV/EBITDA of 36.10. The 5-year average EV/EBITDA is 9.70. The thresholds are as follows: Strongly Undervalued below -8.65, Undervalued between -8.65 and 0.52, Fairly Valued between 18.87 and 0.52, Overvalued between 18.87 and 28.05, and Strongly Overvalued above 28.05. The current Forward EV/EBITDA of 36.10 falls within the Strongly Overvalued range.

-153.34

EV/EBIT

Telesat Corp. (TSAT) has a current EV/EBIT of -153.34. The 5-year average EV/EBIT is 1.17. The thresholds are as follows: Strongly Undervalued below -176.14, Undervalued between -176.14 and -87.48, Fairly Valued between 89.82 and -87.48, Overvalued between 89.82 and 178.47, and Strongly Overvalued above 178.47. The current Forward EV/EBIT of -153.34 falls within the Undervalued range.

1.08

Telesat Corp. (TSAT) has a current PS of 1.08. The 5-year average PS is 0.34. The thresholds are as follows: Strongly Undervalued below -0.35, Undervalued between -0.35 and -0.00, Fairly Valued between 0.69 and -0.00, Overvalued between 0.69 and 1.04, and Strongly Overvalued above 1.04. The current Forward PS of 1.08 falls within the Strongly Overvalued range.

16.24

P/OCF

Telesat Corp. (TSAT) has a current P/OCF of 16.24. The 5-year average P/OCF is -3.42. The thresholds are as follows: Strongly Undervalued below -25.73, Undervalued between -25.73 and -14.58, Fairly Valued between 7.73 and -14.58, Overvalued between 7.73 and 18.88, and Strongly Overvalued above 18.88. The current Forward P/OCF of 16.24 falls within the Overvalued range.

-0.38

P/FCF

Telesat Corp. (TSAT) has a current P/FCF of -0.38. The 5-year average P/FCF is -1.11. The thresholds are as follows: Strongly Undervalued below -6.57, Undervalued between -6.57 and -3.84, Fairly Valued between 1.62 and -3.84, Overvalued between 1.62 and 4.35, and Strongly Overvalued above 4.35. The current Forward P/FCF of -0.38 falls within the Historic Trend Line -Fairly Valued range.

Telesat Corp (TSAT) has a current Price-to-Book (P/B) ratio of 0.62. Compared to its 3-year average P/B ratio of 0.36 , the current P/B ratio is approximately 71.50% higher. Relative to its 5-year average P/B ratio of 0.49, the current P/B ratio is about 25.97% higher. Telesat Corp (TSAT) has a Forward Free Cash Flow (FCF) yield of approximately -294.37%. Compared to its 3-year average FCF yield of -43.08%, the current FCF yield is approximately 583.33% lower. Relative to its 5-year average FCF yield of -36.45% , the current FCF yield is about 707.53% lower.

0.62

P/B

Median3y

0.36

Median5y

0.49

-294.37

FCF Yield

Median3y

-43.08

Median5y

-36.45

Competitors Valuation Multiple

The average P/S ratio for TSAT's competitors is 1.03, providing a benchmark for relative valuation. Telesat Corp Corp (TSAT) exhibits a P/S ratio of 1.08, which is 4.76% above the industry average. Given its robust revenue growth of -30.39%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Ituran Location and Control Ltd

Cambium Networks Corp

Iridium Communications Inc

2.89

7.88%

2.65B

Performance Decomposition

Market capitalization of TSAT increased by 92.29% over the past 1 year. The primary factor behind the change was an decrease in P/E Change from -1.62 to -3.87.

The secondary factor is the Margin Expansion, contributed -16.06%to the performance.

Overall, the performance of TSAT in the past 1 year is driven by P/E Change. Which is more unsustainable.

-30.39%

152.43M → 106.11M

Revenue Growth

-16.06%

84.80 → 71.18

Margin Expansion

138.74%

-1.62 → -3.87

P/E Change

92.29%