Magellan Aerospace (TSE:MAL)
TSX:MAL
Want to see TSE:MAL full AI Analyst Report?
Top Page
Magellan Aerospace
(TSX:MAL)
Select Model
Select Model
Rating:66Neutral
Price Target:
C$35.00
▲(42.28% Upside)
Action:Reiterated
Date:05/29/26
The score is driven primarily by improving profitability and a very low-leverage balance sheet, offset by weak/volatile free cash flow. Technically, the uptrend is strong but looks overbought, and the high P/E with a low dividend yield weighs on the valuation component.
Positive Factors
Low Leverage Balance Sheet
Extremely low debt provides durable financial flexibility, enabling Magellan to fund working capital, invest in facilities or absorb program timing shocks without refinancing risk. This conservative structure supports long-term contract performance and strategic optionality through cycles.
Negative Factors
Weak & Volatile Free Cash Flow
Near‑breakeven and volatile free cash flow limits the firm's ability to self‑fund growth, raise dividends, or absorb program overruns. Persistent working‑capital swings or higher reinvestment needs could force external financing or curtail strategic spending over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage Balance Sheet
Extremely low debt provides durable financial flexibility, enabling Magellan to fund working capital, invest in facilities or absorb program timing shocks without refinancing risk. This conservative structure supports long-term contract performance and strategic optionality through cycles.
Read all positive factors
Magellan Aerospace (MAL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.94B
Dividend Yield0.93%
Average Volume (3M)30.49K
Price to Earnings (P/E)43.1
Beta (1Y)1.35
Revenue Growth10.42%
EPS Growth12.81%
CountryCA
Employees3,815
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)0.79
Shares Outstanding57,079,056
10 Day Avg. Volume21,217
30 Day Avg. Volume30,489
Financial Highlights & Ratios
PEG Ratio2.38
Price to Book (P/B)1.29
Price to Sales (P/S)1.01
P/FCF Ratio38.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$46.00Price Target Upside86.99% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.36
Revenue Forecast (FY)C$1.14B
Magellan Aerospace Business Overview & Revenue Model
Company Description
Magellan Aerospace Corporation, operating via its various subsidiaries, specializes in the design, engineering, production, and distribution of both aero engine and structural parts for the global aerospace sector. Its market presence extends acro...
How the Company Makes Money
Magellan primarily makes money by supplying aerospace parts, assemblies, and services under long-term production and support contracts. Key revenue streams typically include: (1) Civil aerospace production: manufacturing and delivering aerostructu...
Magellan Aerospace Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.07B | 1.04B | 942.37M | 879.62M | 764.58M | 688.36M |
| Gross Profit | 151.69M | 140.72M | 107.89M | 88.99M | 35.06M | 48.33M |
| EBITDA | 115.01M | 126.89M | 96.39M | 71.01M | 31.54M | 56.41M |
| Net Income | 45.09M | 39.44M | 35.49M | 9.25M | -21.69M | -977.00K |
Balance Sheet | ||||||
| Total Assets | 1.23B | 1.17B | 1.15B | 1.03B | 1.01B | 1.00B |
| Cash, Cash Equivalents and Short-Term Investments | 51.27M | 64.05M | 56.44M | 1.49M | 40.94M | 32.48M |
| Total Debt | 96.12M | 88.61M | 86.42M | 73.45M | 63.34M | 67.77M |
| Total Liabilities | 391.03M | 340.00M | 343.44M | 287.66M | 279.16M | 237.99M |
| Stockholders Equity | 838.73M | 822.45M | 799.44M | 734.04M | 728.35M | 762.45M |
Cash Flow | ||||||
| Free Cash Flow | 870.00K | 27.61M | 63.19M | -41.56M | 34.08M | -9.79M |
| Operating Cash Flow | 55.26M | 78.60M | 99.29M | -17.30M | 58.54M | 12.53M |
| Investing Cash Flow | -57.38M | -55.09M | -35.10M | -23.69M | -23.86M | -20.80M |
| Financing Cash Flow | -1.74M | -15.45M | -17.62M | 1.01M | -26.27M | -73.01M |
Magellan Aerospace Technical Analysis
Positive
24.60
Price Trends
26.61
Positive
24.39
Positive
20.77
Positive
Market Momentum
2.09
Negative
68.36
Neutral
75.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MAL, the sentiment is Positive. The current price of 24.6 is below the 20-day moving average (MA) of 29.53, below the 50-day MA of 26.61, and above the 200-day MA of 20.77, indicating a bullish trend. The MACD of 2.09 indicates Negative momentum. The RSI at 68.36 is Neutral, neither overbought nor oversold. The STOCH value of 75.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MAL.
Magellan Aerospace Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | C$561.37M | 41.91 | 14.24% | ― | 15.55% | -0.75% | |
69 Neutral | C$7.49B | 65.90 | 7.24% | ― | 42.91% | 2.84% | |
66 Neutral | C$1.94B | 43.07 | 5.48% | 0.93% | 10.42% | 12.81% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | C$11.26B | 35.96 | 6.12% | ― | 4.38% | -23.21% | |
54 Neutral | C$330.29M | -11.63 | -29.13% | ― | 25.32% | 68.42% |
* Industrials Sector Average
TSE:MAL
Magellan Aerospace
34.02
16.80
97.52%
TSE:CAE
CAE
34.99
-2.32
-6.22%
TSE:FTG
Firan Tech
22.30
11.21
101.08%
TSE:DPRO
Draganfly
9.05
4.70
108.05%
TSE:MDA
MDA Space Ltd
54.01
24.81
84.97%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.