Harmonic Inc. (HLIT) vs Telesat Corporation (TSAT)

Harmonic Inc. and Telesat Corporation are both Communication Equipment companies. Harmonic Inc. is the larger, with a market value of $1.0B against $567.4M — 1.8× the size. Harmonic Inc. grew revenue faster over the last twelve months: −16.0% against −23.6%. Harmonic Inc. has the higher net margin (−7.81% vs −112.3%) and the higher return on invested capital (15.9% vs −6.97%). Across the 18 metrics below, Harmonic Inc. leads on 14 and Telesat Corporation on 4.

Valuation

Metric HLIT TSAT Communication Equipment median
P/E n/m n/m 29.86
P/S 2.27 2.30 1.68
P/B 2.72 0.76 1.72
Price to free cash flow n/m n/m 21.71
EV/EBITDA 7.61 n/m 14.04
EV/Sales 2.03 11.74 1.76
Earnings yield (3.26%) (63.11%) (0.87%)
Free cash flow yield (2.42%) (21.35%) 0.68%

Profitability

Metric HLIT TSAT Communication Equipment median
Gross margin 49.29% 44.14% 39.34%
Operating margin 15.15% (138.97%) 2.43%
Net margin (7.81%) (112.26%) (0.64%)
Free cash flow margin (5.50%) 52.79% 0.27%
Return on equity (8.60%) (23.28%) 0.00%
Return on assets (5.22%) (5.32%) (0.10%)
Return on invested capital 15.85% (6.97%) 1.29%

Growth

Metric HLIT TSAT Communication Equipment median
Revenue growth (TTM) (16.04%) (23.63%) 9.66%
EPS growth (last fiscal year) (215.15%) (65.36%) 31.29%
Revenue growth, 5-year CAGR (0.99%) (18.27%) 4.92%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric HLIT TSAT Communication Equipment median
Debt to equity 0.10 3.91 0.05
Current ratio 2.43 0.26 1.99
Net debt to EBITDA (0.15) (19.32) 0.93

Dividend

Metric HLIT TSAT Communication Equipment median
Dividend yield — — 1.10%
Payout ratio — — 0.44

Size

Metric HLIT TSAT Communication Equipment median
Market cap 1.01b 567.44m 495.24m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack