GURUFOCUS.COM » STOCK LIST » USA » NAS » Telesat Corp (NAS:TSAT) » Definitions » Piotroski F-Score
Switch to:

Telesat Piotroski F-Score

: N/A (As of Today)
View and export this data going back to 2021. Start your Free Trial

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Telesat has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Telesat's Piotroski F-Score or its related term are showing as below:

During the past 3 years, the highest Piotroski F-Score of Telesat was 9999. The lowest was 0. And the median was 0.


Telesat Piotroski F-Score Historical Data

The historical data trend for Telesat's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Telesat Annual Data
Trend Dec19 Dec20 Dec21
Piotroski F-Score
N/A N/A N/A

Telesat Semi-Annual Data
Dec19 Dec20 Dec21
Piotroski F-Score N/A N/A N/A

Competitive Comparison

For the Communication Equipment subindustry, Telesat's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Telesat Piotroski F-Score Distribution

For the Hardware industry and Technology sector, Telesat's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Telesat's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Dec21) TTM:Last Year (Dec20) TTM:
Net Income was $80.9 Mil.
Cash Flow from Operations was $231.6 Mil.
Revenue was $592.4 Mil.
Gross Profit was $568.7 Mil.
Average Total Assets from the begining of this year (Dec20)
to the end of this year (Dec21) was (4357.2433445234 + 4973.40390625) / 2 = $4665.3236253867 Mil.
Total Assets at the begining of this year (Dec20) was $4,357.2 Mil.
Long-Term Debt & Capital Lease Obligation was $2,989.3 Mil.
Total Current Assets was $1,263.6 Mil.
Total Current Liabilities was $142.2 Mil.
Net Income was $191.7 Mil.

Revenue was $640.5 Mil.
Gross Profit was $614.5 Mil.
Average Total Assets from the begining of last year (Dec19)
to the end of last year (Dec20) was (0 + 4357.2433445234) / 2 = $4357.2433445234 Mil.
Total Assets at the begining of last year (Dec19) was $0.0 Mil.
Long-Term Debt & Capital Lease Obligation was $2,509.2 Mil.
Total Current Assets was $697.6 Mil.
Total Current Liabilities was $126.6 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Telesat's current Net Income (TTM) was 80.9. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Telesat's current Cash Flow from Operations (TTM) was 231.6. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Dec20)
=80.8921875/4357.2433445234
=0.01856499

ROA (Last Year)=Net Income/Total Assets (Dec19)
=191.72300726052/0
=

Telesat's return on assets of this year was 0.01856499. Telesat's return on assets of last year was . ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Telesat's current Net Income (TTM) was 80.9. Telesat's current Cash Flow from Operations (TTM) was 231.6. ==> 231.6 > 80.9 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Dec21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec20 to Dec21
=2989.3171875/4665.3236253867
=0.64075237

Gearing (Last Year: Dec20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec19 to Dec20
=2509.2294480443/4357.2433445234
=0.57587544

Telesat's gearing of this year was 0.64075237. Telesat's gearing of last year was 0.57587544. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Dec21)=Total Current Assets/Total Current Liabilities
=1263.62109375/142.15234375
=8.88920337

Current Ratio (Last Year: Dec20)=Total Current Assets/Total Current Liabilities
=697.64618627528/126.57194160356
=5.51185498

Telesat's current ratio of this year was 8.88920337. Telesat's current ratio of last year was 5.51185498. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Telesat's number of shares in issue this year was 46.62. Telesat's number of shares in issue last year was 11.907. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=568.74765625/592.353125
=0.96014967

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=614.4882504489/640.54024514014
=0.95932809

Telesat's gross margin of this year was 0.96014967. Telesat's gross margin of last year was 0.95932809. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec20)
=592.353125/4357.2433445234
=0.13594676

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec19)
=640.54024514014/0
=

Telesat's asset turnover of this year was 0.13594676. Telesat's asset turnover of last year was . ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+0+1+0+1+1
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Telesat has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Telesat  (NAS:TSAT) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Telesat Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Telesat's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Telesat Business Description

Telesat logo
Traded in Other Exchanges
Address
160 Elgin Street, Ottawa, ON, CAN, K2P 2P7
Telesat Corp is a global satellite operator, providing its customers with mission-critical communications services. The company's segment includes Broadcast; Enterprise and Consulting and other. It generates maximum revenue from the Broadcast segment. The Broadcast segment includes Direct-to-home television, video distribution and contribution, and occasional use services. Geographically, it derives a majority of revenue from Canada.
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)