Update shared on04 Aug 2025
Fair value Increased 33%Analysts have raised their price targets for MDA Space, citing improved operational performance, stronger business momentum, and higher sector-aligned valuation multiples, resulting in a new consensus fair value of CA$43.71.
Analyst Commentary
- Bullish analysts raised price targets citing improved operational performance and stronger outlook.
- Recent share price appreciation (23% year-to-date) has brought MDA Space's valuation multiples in line with sector peers.
- Adjusted price targets reflect recognition of ongoing business momentum and pipeline visibility.
- Some analysts now view the risk/reward profile as relatively balanced at current levels, leading to downgrades despite target increases.
- Revisions incorporate updated forward-looking estimates and sector comparables following stronger stock performance.
What's in the News
- EchoStar Corporation selected MDA Space as prime contractor for a $1.3 billion+ contract to design and build over 100 LEO D2D satellites for a global 5G NTN constellation, with potential expansion to thousands.
- MDA Space is leading an early-phase study for the Canadian Space Agency’s Lunar Utility Vehicle, collaborating with CTA and UTIAS, and will integrate its SKYMAKER space robotics suite for future lunar mobility solutions.
- MDA Space will prime the SkyPhi mission (funded by ESA and UKSA), focused on developing regenerative 5G D2D satellite communications from LEO as part of the ARTES program, partnering with CGI and Open Cosmos.
- MDA Space has achieved an industry first by digitally forming and steering multiple Ka-band satellite beams using direct sampling, enhancing the scalability and efficiency of its AURORA platform for broadband and 5G satellite networks.
- The company secured a contract extension with Fisheries and Oceans Canada for maritime satellite surveillance, supporting dark vessel detection and enabling future use of CHORUS Earth observation data, and was awarded $60 million in contracts for advanced sensor systems for Canada’s River-class Destroyers.
Valuation Changes
Summary of Valuation Changes for MDA Space
- The Consensus Analyst Price Target has significantly risen from CA$38.81 to CA$43.71.
- The Future P/E for MDA Space has risen from 29.60x to 32.16x.
- The Consensus Revenue Growth forecasts for MDA Space has risen from 22.1% per annum to 23.8% per annum.
Disclaimer
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