Telesat Corp
Telesat Corporation, a satellite operator, provides mission-critical communications solutions to support the requirements of satellite users in Canada, the United States, Asia, Australia, Latin America, the Caribbean, Europe, the Middle East, and Africa. It operates through Geostationary (GEO) and Low Earth Orbit (LEO) segments. The company offers broadcast services comprising direct-to-home tele… Read more
Telesat Corp (TSAT) - Net Assets
Latest net assets as of September 2025: $2.25 Billion USD
Based on the latest financial reports, Telesat Corp (TSAT) has net assets worth $2.25 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.93 Billion) and total liabilities ($4.68 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.25 Billion |
| % of Total Assets | 32.46% |
| Annual Growth Rate | 7.69% |
| 5-Year Change | 117.87% |
| 10-Year Change | 171.93% |
| Growth Volatility | 18.7 |
Telesat Corp - Net Assets Trend (2012–2024)
This chart illustrates how Telesat Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Telesat Corp (2012–2024)
The table below shows the annual net assets of Telesat Corp from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.50 Billion | +4.07% |
| 2023-12-31 | $2.40 Billion | +30.37% |
| 2022-12-31 | $1.84 Billion | +8.48% |
| 2021-12-31 | $1.70 Billion | +48.03% |
| 2020-12-31 | $1.15 Billion | +19.33% |
| 2019-12-31 | $960.34 Million | -12.14% |
| 2018-12-31 | $1.09 Billion | -4.36% |
| 2017-12-31 | $1.14 Billion | -4.29% |
| 2016-12-31 | $1.19 Billion | +30.05% |
| 2015-12-31 | $918.13 Million | -18.83% |
| 2014-12-31 | $1.13 Billion | +0.83% |
| 2013-12-31 | $1.12 Billion | +9.27% |
| 2012-12-31 | $1.03 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Telesat Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 25.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $467.33 Million | 65.80% |
| Common Stock | $59.08 Million | 8.32% |
| Other Comprehensive Income | $183.87 Million | 25.89% |
| Total Equity | $710.28 Million | 100.00% |
Telesat Corp Competitors by Market Cap
The table below lists competitors of Telesat Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
QS Energy Inc
PINK:QSEP
|
$43.86 Million |
|
Sol Gel Technologies Ltd
NASDAQ:SLGL
|
$43.86 Million |
|
PRL Global Ltd
AU:PRG
|
$43.86 Million |
|
Tifico Fiber Indonesia Tbk
JK:TFCO
|
$43.87 Million |
|
RAMADA INV.E IND.NAM.EO 1
F:Y4E
|
$43.84 Million |
|
Hinduja Global Solutions Limited
NSE:HGS
|
$43.83 Million |
|
Shree Digvijay Cement Co.Ltd
NSE:SHREDIGCEM
|
$43.82 Million |
|
Signature International Bhd
KLSE:7246
|
$43.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Telesat Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 661,918,000 to 710,280,000, a change of 48,362,000 (7.3%).
- Net loss of 87,720,000 reduced equity.
- Share repurchases of 7,732,000 reduced equity.
- Other comprehensive income increased equity by 107,257,000.
- Other factors increased equity by 36,557,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-87.72 Million | -12.35% |
| Share Repurchases | $7.73 Million | -1.09% |
| Other Comprehensive Income | $107.26 Million | +15.1% |
| Other Changes | $36.56 Million | +5.15% |
| Total Change | $- | 7.31% |
Book Value vs Market Value Analysis
This analysis compares Telesat Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.83x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.99x to 0.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $42.96 | $42.34 | x |
| 2013-12-31 | $46.93 | $42.34 | x |
| 2014-12-31 | $47.31 | $42.34 | x |
| 2015-12-31 | $38.40 | $42.34 | x |
| 2016-12-31 | $49.89 | $42.34 | x |
| 2017-12-31 | $47.75 | $42.34 | x |
| 2018-12-31 | $45.65 | $42.34 | x |
| 2019-12-31 | $40.09 | $42.34 | x |
| 2020-12-31 | $86.94 | $42.34 | x |
| 2021-12-31 | $34.58 | $42.34 | x |
| 2022-12-31 | $39.11 | $42.34 | x |
| 2023-12-31 | $43.30 | $42.34 | x |
| 2024-12-31 | $50.96 | $42.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Telesat Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -12.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15.36%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 9.78x
- Recent ROE (-12.35%) is below the historical average (8.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 2.37% | 2.88% | 0.15x | 5.66x | $-78.31 Million |
| 2013 | 6.07% | 7.59% | 0.16x | 5.10x | $-44.11 Million |
| 2014 | 1.17% | 1.43% | 0.16x | 5.07x | $-99.93 Million |
| 2015 | -29.08% | -27.96% | 0.16x | 6.54x | $-358.76 Million |
| 2016 | 24.53% | 31.46% | 0.15x | 5.14x | $173.49 Million |
| 2017 | 44.19% | 54.46% | 0.16x | 4.99x | $390.76 Million |
| 2018 | -8.32% | -10.07% | 0.15x | 5.38x | $-200.23 Million |
| 2019 | 19.49% | 20.55% | 0.20x | 4.76x | $91.16 Million |
| 2020 | 21.36% | 29.84% | 0.19x | 3.82x | $130.23 Million |
| 2021 | 22.26% | 12.20% | 0.12x | 15.31x | $50.96 Million |
| 2022 | -4.94% | -3.13% | 0.12x | 13.46x | $-71.91 Million |
| 2023 | 23.74% | 22.31% | 0.11x | 9.54x | $90.93 Million |
| 2024 | -12.35% | -15.36% | 0.08x | 9.78x | $-158.75 Million |
Industry Comparison
This section compares Telesat Corp's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $1,490,345,014
- Average return on equity (ROE) among peers: -191.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Telesat Corp (TSAT) | $2.25 Billion | 2.37% | 2.08x | $43.85 Million |
| AAC Technologies Holdings Inc (AACAY) | $14.21 Billion | 28.32% | 0.71x | $4.55 Billion |
| Applied Opt (AAOI) | $115.01 Million | 3.72% | 0.60x | $2.97 Billion |
| Ability Inc (ABILF) | $5.00 Million | -5.60% | 13.35x | $544.32 |
| ADTRAN Inc (ADTN) | $378.43 Million | 20.17% | 0.27x | $785.61 Million |
| ADVA Optical Networking SE (ADVOF) | $176.06 Million | -16.73% | 0.17x | $243.68 Million |
| Airgain Inc (AIRG) | $46.22 Million | 2.47% | 0.22x | $44.70 Million |
| Aerkomm Inc (AKOM) | $24.19 Million | -98.53% | 2.63x | $805.19K |
| Akoustis Technologies, Inc. (AKTSQ) | $-57.09 Million | 0.00% | 0.00x | $135.67K |
| Amplitech Group Inc (AMPG) | $440.28K | -233.03% | 5.39x | $50.17 Million |
| Actelis Networks Inc. (ASNS) | $388.00K | -1620.10% | 27.93x | $465.34K |