Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CA$31.79, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 23x in the Aerospace & Defense industry in Canada. Total returns to shareholders of 298% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$39.63 per share. Upcoming Dividend • Jun 09
Upcoming dividend of CA$0.05 per share Eligible shareholders must have bought the stock before 16 June 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Canadian dividend payers (5.4%). Lower than average of industry peers (1.1%). Notizie in diretta • Jun 05
Magellan Aerospace Announces Dividend and Expands Submarine Partnership Following Strong Q1 Results Magellan Aerospace declared a quarterly cash dividend of $0.05 per common share, payable on June 30, 2026, to shareholders of record as of June 16, 2026.
The company reported first quarter 2026 financial results with revenues and net income that were higher than in the same period a year earlier.
Magellan Aerospace entered a teaming agreement with Thyssenkrupp Marine Systems to support the Canadian Patrol Submarine Project, focused on building industrial capabilities in Canada.
The combination of a regular dividend, year-on-year growth in Q1 revenue and net income, and new project teaming indicates a mix of cash returns and ongoing investment in the business.
Investors may want to watch how the submarine project opportunity develops and whether the company maintains its current dividend level alongside any future capital needs. Buy Or Sell Opportunity • May 27
Now 20% undervalued Over the last 90 days, the stock has risen 26% to CA$29.76. The fair value is estimated to be CA$37.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 118% in the next 2 years. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CA$28.68, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 2x in the Aerospace & Defense industry in Canada. Total returns to shareholders of 299% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$37.32 per share. Declared Dividend • May 13
First quarter dividend of CA$0.05 announced Dividend of CA$0.05 is the same as last year. Ex-date: 16th June 2026 Payment date: 30th June 2026 Dividend yield will be 0.8%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (19% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 113% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 12
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: CA$0.29 (up from CA$0.19 in 1Q 2025). Revenue: CA$285.1m (up 9.3% from 1Q 2025). Net income: CA$16.5m (up 52% from 1Q 2025). Profit margin: 5.8% (up from 4.1% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Aerospace & Defense industry in Canada. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Annuncio • May 11
Magellan Aerospace Corporation Declares Quarterly Cash Dividend, Payable on June 30, 2026 Magellan Aerospace Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.05 (five cents) per share on the Corporation’s common shares. The Board of Directors of the Corporation continues to review its dividends on a quarterly basis for more visibility of recovery, and ensure that the dividend declared balances the return of capital to shareholders while maintaining adequate financial flexibility and investment in growth initiatives. The dividend is payable on June 30, 2026 to stockholders of record at the close of business on June 16, 2026. Major Estimate Revision • Apr 07
Consensus EPS estimates increase by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from CA$1.10b to CA$1.14b. EPS estimate increased from CA$1.22 to CA$1.37 per share. Net income forecast to grow 99% next year vs 24% growth forecast for Aerospace & Defense industry in Canada. Consensus price target up from CA$20.15 to CA$28.17. Share price rose 21% to CA$23.97 over the past week. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CA$23.97, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Aerospace & Defense industry in Canada. Total returns to shareholders of 248% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$37.06 per share. Major Estimate Revision • Apr 03
Consensus EPS estimates increase by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from CA$1.10b to CA$1.16b. EPS estimate increased from CA$1.22 to CA$1.44 per share. Net income forecast to grow 101% next year vs 24% growth forecast for Aerospace & Defense industry in Canada. Consensus price target of CA$26.75 unchanged from last update. Share price rose 10% to CA$22.83 over the past week. Reported Earnings • Mar 30
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: CA$0.69 (up from CA$0.62 in FY 2024). Revenue: CA$1.04b (up 11% from FY 2024). Net income: CA$39.4m (up 11% from FY 2024). Profit margin: 3.8% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Aerospace & Defense industry in Canada. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 11
Third quarter dividend of CA$0.05 announced Shareholders will receive a dividend of CA$0.05. Ex-date: 17th March 2026 Payment date: 31st March 2026 Dividend yield will be 0.8%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 80% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Mar 07
Magellan Aerospace Corporation Announces Quarterly Cash Dividend, Payable on March 31, 2026 Magellan Aerospace Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.05 (five cents) per share on the Corporation’s common shares. The Board of Directors of the Corporation continues to review its dividends on a quarterly basis for more visibility of recovery, and ensure that the dividend declared balances the return of capital to shareholders while maintaining adequate financial flexibility and investment in growth initiatives. The dividend is payable on March 31, 2026 to stockholders of record at the close of business on March 17, 2026. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$24.50, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 22x in the Aerospace & Defense industry in Canada. Total returns to shareholders of 171% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$45.00 per share. Annuncio • Feb 24
Magellan Aerospace Corporation, Annual General Meeting, May 08, 2026 Magellan Aerospace Corporation, Annual General Meeting, May 08, 2026. Location: ontario, mississauga Canada Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$22.48, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Aerospace & Defense industry in Canada. Total returns to shareholders of 171% over the past three years. Upcoming Dividend • Dec 10
Upcoming dividend of CA$0.05 per share Eligible shareholders must have bought the stock before 17 December 2025. Payment date: 31 December 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Canadian dividend payers (5.9%). In line with average of industry peers (1.2%). Price Target Changed • Nov 16
Price target increased by 8.0% to CA$20.15 Up from CA$18.65, the current price target is an average from 2 analysts. New target price is 9.2% above last closing price of CA$18.45. Stock is up 73% over the past year. The company is forecast to post earnings per share of CA$0.81 for next year compared to CA$0.62 last year. Reported Earnings • Nov 16
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: CA$0.22 (up from CA$0.10 in 3Q 2024). Revenue: CA$255.7m (up 14% from 3Q 2024). Net income: CA$12.7m (up 117% from 3Q 2024). Profit margin: 5.0% (up from 2.6% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Aerospace & Defense industry in Canada. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Declared Dividend • Nov 12
Second quarter dividend of CA$0.05 announced Shareholders will receive a dividend of CA$0.05. Ex-date: 17th December 2025 Payment date: 31st December 2025 Dividend yield will be 1.0%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 148% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Nov 08
Magellan Aerospace Corporation Announces Quarterly Dividend, Payable on December 31, 2025 Magellan Aerospace Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.05 (five cents) per share on the Corporation’s common shares. The Board of Directors of the Corporation continues to review its dividends on a quarterly basis for more visibility of recovery, and ensure that the dividend declared balances the return of capital to shareholders while maintaining adequate financial flexibility and investment in growth initiatives. The dividend is payable on December 31, 2025 to stockholders of record at the close of business on December 17, 2025. Upcoming Dividend • Sep 09
Upcoming dividend of CA$0.05 per share Eligible shareholders must have bought the stock before 16 September 2025. Payment date: 29 September 2025. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Canadian dividend payers (5.9%). Lower than average of industry peers (1.2%). Major Estimate Revision • Aug 19
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CA$1.05b to CA$1.03b. EPS estimate also fell from CA$0.93 per share to CA$0.805 per share. Net income forecast to grow 49% next year vs 41% growth forecast for Aerospace & Defense industry in Canada. Consensus price target of CA$18.65 unchanged from last update. Share price fell 8.6% to CA$15.50 over the past week. Reported Earnings • Aug 14
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: CA$0.094 (down from CA$0.13 in 2Q 2024). Revenue: CA$249.8m (up 2.8% from 2Q 2024). Net income: CA$5.37m (down 28% from 2Q 2024). Profit margin: 2.1% (down from 3.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 59%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Canada. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 13
First quarter dividend of CA$0.05 announced Shareholders will receive a dividend of CA$0.05. Ex-date: 16th September 2025 Payment date: 29th September 2025 Dividend yield will be 0.9%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 14%. Cash payout ratio: 9%. Upcoming Dividend • Jun 09
Upcoming dividend of CA$0.05 per share Eligible shareholders must have bought the stock before 16 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Canadian dividend payers (6.2%). Lower than average of industry peers (1.3%). Price Target Changed • May 13
Price target increased by 17% to CA$18.15 Up from CA$15.50, the current price target is an average from 2 analysts. New target price is 14% above last closing price of CA$15.99. Stock is up 102% over the past year. The company is forecast to post earnings per share of CA$0.97 for next year compared to CA$0.62 last year. Reported Earnings • May 12
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: EPS: CA$0.19 (up from CA$0.11 in 1Q 2024). Revenue: CA$260.9m (up 11% from 1Q 2024). Net income: CA$10.8m (up 72% from 1Q 2024). Profit margin: 4.1% (up from 2.7% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) missed analyst estimates by 5.0%. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Aerospace & Defense industry in North America. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. New Risk • May 11
New major risk - Revenue and earnings growth Earnings have declined by 17% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Declared Dividend • May 09
Fourth quarter dividend increased to CA$0.05 Dividend of CA$0.05 is 100% higher than last year. Ex-date: 16th June 2025 Payment date: 30th June 2025 Dividend yield will be 0.8%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 16%. Cash payout ratio: 9%. Annuncio • May 07
Magellan Aerospace Announces Quarterly Dividend, Payable on June 30, 2025 Magellan Aerospace Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.05 (five cents) per share on the Corporation’s common shares, an increase of $0.025 (two and one-half cents) from the Corporation’s quarterly dividend paid in the first quarter of 2025. The increase in the dividend rate is reflective of the Corporation’s improving balance sheet and financial results. The dividend is payable on June 30, 2025 to stockholders of record at the close of business on June 16, 2025. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$13.29, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Aerospace & Defense industry in Canada. Total returns to shareholders of 41% over the past three years. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CA$12.30, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Aerospace & Defense industry in Canada. Total returns to shareholders of 31% over the past three years. Major Estimate Revision • Mar 20
Consensus EPS estimates increase by 17% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from CA$0.775 to CA$0.91. Revenue forecast steady at CA$1.01b. Net income forecast to grow 47% next year vs 26% growth forecast for Aerospace & Defense industry in Canada. Consensus price target up from CA$15.00 to CA$15.50. Share price rose 12% to CA$11.15 over the past week. Reported Earnings • Mar 14
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: CA$0.62 (up from CA$0.16 in FY 2023). Revenue: CA$942.4m (up 7.1% from FY 2023). Net income: CA$35.5m (up 284% from FY 2023). Profit margin: 3.8% (up from 1.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Aerospace & Defense industry in Canada. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 12
Third quarter dividend of CA$0.025 announced Dividend of CA$0.025 is the same as last year. Ex-date: 19th March 2025 Payment date: 31st March 2025 Dividend yield will be 1.0%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 154% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Mar 08
Magellan Aerospace Announces Quarterly Dividend, Payable on March 31, 2025 Magellan Aerospace Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.025 (two and one-half cents) per share on the Corporation’s common shares. The Board of Directors of the Corporation continues to review its dividends on a quarterly basis for more visibility of recovery, and ensure that the dividend declared balances the return of capital to shareholders while maintaining adequate financial flexibility and investment in growth initiatives. The dividend is payable on March 31, 2025 to stockholders of record at the close of business on March 19, 2025. Annuncio • Feb 26
Magellan Aerospace Corporation, Annual General Meeting, May 06, 2025 Magellan Aerospace Corporation, Annual General Meeting, May 06, 2025. Location: ontario, mississauga Canada Upcoming Dividend • Dec 10
Upcoming dividend of CA$0.025 per share Eligible shareholders must have bought the stock before 17 December 2024. Payment date: 31 December 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Canadian dividend payers (6.3%). Lower than average of industry peers (1.5%). Major Estimate Revision • Nov 12
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CA$974.9m to CA$935.6m. EPS estimate also fell from CA$0.595 per share to CA$0.53 per share. Net income forecast to grow 111% next year vs 27% growth forecast for Aerospace & Defense industry in Canada. Consensus price target up from CA$14.50 to CA$15.00. Share price rose 4.5% to CA$10.82 over the past week. Price Target Changed • Nov 07
Price target increased by 7.1% to CA$15.00 Up from CA$14.00, the current price target is an average from 2 analysts. New target price is 47% above last closing price of CA$10.22. Stock is up 28% over the past year. The company is forecast to post earnings per share of CA$0.53 for next year compared to CA$0.16 last year. Reported Earnings • Nov 06
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CA$0.10 (up from CA$0.064 in 3Q 2023). Revenue: CA$223.5m (up 4.9% from 3Q 2023). Net income: CA$5.85m (up 59% from 3Q 2023). Profit margin: 2.6% (up from 1.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) also missed analyst estimates by 29%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Canada. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annuncio • Nov 02
Magellan Aerospace Corporation Announces Quarterly Cash Dividend, Payable on December 31, 2024 Magellan Aerospace Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.025 (two and one-half cents) per share on the Corporation’s common shares. The Board of Directors of the Corporation continues to review its dividends on a quarterly basis for more visibility of recovery, and ensure that the dividend declared balances the return of capital to shareholders while maintaining adequate financial flexibility and investment in growth initiatives. The dividend is payable on December 31, 2024 to stockholders of record at the close of business on December 17, 2024. Upcoming Dividend • Sep 09
Upcoming dividend of CA$0.025 per share Eligible shareholders must have bought the stock before 16 September 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Canadian dividend payers (6.1%). Lower than average of industry peers (1.5%). Reported Earnings • Aug 07
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: CA$0.13 (up from CA$0.034 in 2Q 2023). Revenue: CA$242.9m (up 11% from 2Q 2023). Net income: CA$7.45m (up 276% from 2Q 2023). Profit margin: 3.1% (up from 0.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Aerospace & Defense industry in Canada. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 07
Upcoming dividend of CA$0.025 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Canadian dividend payers (6.3%). Lower than average of industry peers (1.6%). Board Change • Jun 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Director JP Veitch was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • May 08
Price target increased by 9.8% to CA$14.00 Up from CA$12.75, the current price target is an average from 2 analysts. New target price is 76% above last closing price of CA$7.96. Stock is up 4.2% over the past year. The company is forecast to post earnings per share of CA$0.66 for next year compared to CA$0.16 last year. Declared Dividend • May 05
First quarter dividend of CA$0.025 announced Dividend of CA$0.025 is the same as last year. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 1.3%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (37% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 68% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 03
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: CA$0.11 (up from CA$0.067 in 1Q 2023). Revenue: CA$235.2m (up 5.3% from 1Q 2023). Net income: CA$6.31m (up 64% from 1Q 2023). Profit margin: 2.7% (up from 1.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Aerospace & Defense industry in Canada. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Annuncio • May 01
Magellan Aerospace Corporation Declares Quarterly Dividend, Payable on June 28, 2024 Magellan Aerospace Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.025 per share on the company’s common shares. The dividend is payable on June 28, 2024, to stockholders of record at the close of business on June 14, 2024. Annuncio • Mar 12
Magellan Aerospace Corporation Announces Impairment Charges for the Three Months Ended December 31, 2023 Magellan Aerospace Corporation announced impairment charges for the three months ended December 31, 2023. For the quarter, the company announced impairment of property, plant and equipment was CAD 600,000 compared to CAD 1,772,000 a year ago. The company also reported Impairment of intangibles of CAD 555,000 against CAD 711,000 a year ago. Upcoming Dividend • Mar 07
Upcoming dividend of CA$0.025 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 29 March 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Canadian dividend payers (6.5%). Lower than average of industry peers (1.9%). Declared Dividend • Mar 06
Third quarter dividend of CA$0.025 announced Dividend of CA$0.025 is the same as last year. Ex-date: 14th March 2024 Payment date: 29th March 2024 Dividend yield will be 1.2%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Annuncio • Feb 17
Magellan Aerospace Corporation, Annual General Meeting, Apr 30, 2024 Magellan Aerospace Corporation, Annual General Meeting, Apr 30, 2024. Upcoming Dividend • Dec 07
Upcoming dividend of CA$0.025 per share at 1.3% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 29 December 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Canadian dividend payers (6.6%). Lower than average of industry peers (2.1%). Reported Earnings • Nov 10
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: CA$0.06 (up from CA$0.01 in 3Q 2022). Revenue: CA$213.0m (up 12% from 3Q 2022). Net income: CA$3.67m (up CA$3.11m from 3Q 2022). Profit margin: 1.7% (up from 0.3% in 3Q 2022). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 71%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Aerospace & Defense industry in Canada. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Annuncio • Nov 04
Magellan Aerospace Corporation Declares Quarterly Cash Dividend, Payable on December 29, 2023 Magellan Aerospace Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.025 per share on the Corporation’s common shares. The Board of Directors of the Corporation continues to review its dividends on a quarterly basis for more visibility of recovery, and ensure that the dividend declared balances the return of capital to shareholders while maintaining adequate financial flexibility and investment in growth initiatives. The dividend is payable on December 29, 2023, to stockholders of record at the close of business on December 15, 2023. Upcoming Dividend • Sep 07
Upcoming dividend of CA$0.025 per share at 1.4% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Canadian dividend payers (6.2%). Lower than average of industry peers (2.1%). Reported Earnings • Aug 09
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: CA$0.03 (up from CA$0.009 in 2Q 2022). Revenue: CA$219.7m (up 14% from 2Q 2022). Net income: CA$1.98m (up 267% from 2Q 2022). Profit margin: 0.9% (up from 0.3% in 2Q 2022). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 70%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Aerospace & Defense industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Annuncio • Aug 05
Magellan Aerospace Corporation Declares Quarterly Cash Dividend, Payable on September 29, 2023 Magellan Aerospace Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.025 per share on the Corporation’s common shares. The Board of Directors of the Corporation continues to review its dividends on a quarterly basis for more visibility of recovery, and ensure that the dividend declared balances the return of capital to shareholders while maintaining adequate financial flexibility and investment in growth initiatives. The dividend is payable on September 29, 2023, to stockholders of record at the close of business on September 15, 2023. Upcoming Dividend • Jun 08
Upcoming dividend of CA$0.025 per share at 1.3% yield Eligible shareholders must have bought the stock before 15 June 2023. Payment date: 30 June 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Canadian dividend payers (6.2%). Lower than average of industry peers (2.1%). Price Target Changed • May 10
Price target increased by 30% to CA$12.00 Up from CA$9.25, the current price target is an average from 2 analysts. New target price is 58% above last closing price of CA$7.60. Stock is down 10% over the past year. The company posted a net loss per share of CA$0.38 last year. Reported Earnings • May 06
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: CA$0.07 (up from CA$0.035 loss in 1Q 2022). Revenue: CA$223.4m (up 19% from 1Q 2022). Net income: CA$3.86m (up CA$5.89m from 1Q 2022). Profit margin: 1.7% (up from net loss in 1Q 2022). Revenue exceeded analyst estimates by 9.0%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the Aerospace & Defense industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 119 percentage points per year, which is a significant difference in performance. Price Target Changed • Mar 12
Price target decreased by 8.3% to CA$10.00 Down from CA$10.90, the current price target is an average from 2 analysts. New target price is 23% above last closing price of CA$8.11. Stock is down 18% over the past year. The company is forecast to post earnings per share of CA$0.31 next year compared to a net loss per share of CA$0.38 last year. Annuncio • Feb 18
Magellan Aerospace Corporation, Annual General Meeting, May 02, 2023 Magellan Aerospace Corporation, Annual General Meeting, May 02, 2023. Annuncio • Dec 10
Magellan Aerospace Signs Agreement with Bae Systems for F-35 Aircraft Assemblies Magellan Aerospace Corporation announced that it will continue producing F-35 Lightning II ("F-35") horizontal tail assemblies under an agreement with BAE Systems. This significant, multi-year agreement is the continuation of contract awards made to Magellan by BAE Systems and will further Magellan's participation on the global program. Lockheed Martin Magellan and BAE Systems have been working together to produce horizontal tails for the global F-35 program for more than a decade, signing the original Letter of Intent for this agreement in 2006. Both companies have since made significant investment in facilities, technologies and training to ensure the successful delivery of these flight-critical assemblies to F-35 prime contractor Lockheed Martin. The horizontal tail assemblies produced at Magellan's facility in Winnipeg, MB, will be used on the Conventional Takeoff and Landing variant of the F-35. Magellan is targeting to produce more than 1,000 ship sets of horizontal tail assemblies over the life of the F-35 program. Upcoming Dividend • Dec 07
Upcoming dividend of CA$0.025 per share Eligible shareholders must have bought the stock before 14 December 2022. Payment date: 30 December 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Canadian dividend payers (5.7%). Lower than average of industry peers (1.8%). Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: CA$0.01 (vs CA$0.008 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.01 (up from CA$0.008 in 3Q 2021). Revenue: CA$191.1m (up 15% from 3Q 2021). Net income: CA$563.0k (up 23% from 3Q 2021). Profit margin: 0.3% (in line with 3Q 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Annuncio • Nov 05
Magellan Aerospace Corporation Announces Quarterly Dividend, Payable on December 30, 2022 Magellan Aerospace Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.025 (two and one-half cents) per share on the Corporation’s common shares, a decrease of $0.025 (two and one-half cents) from the quarterly dividend paid in the third quarter of 2022. The dividend is payable on December 30, 2022, to stockholders of record at the close of business on December 15, 2022. Upcoming Dividend • Sep 07
Upcoming dividend of CA$0.05 per share Eligible shareholders must have bought the stock before 14 September 2022. Payment date: 29 September 2022. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 2.6%. Lower than top quartile of Canadian dividend payers (5.7%). Higher than average of industry peers (2.0%). Reported Earnings • Aug 11
Second quarter 2022 earnings: Revenues miss analyst expectations Second quarter 2022 results: Revenue: CA$192.7m (up 15% from 2Q 2021). Net income: CA$540.0k (down 49% from 2Q 2021). Profit margin: 0.3% (down from 0.6% in 2Q 2021). Revenue missed analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 16%, compared to a 51% growth forecast for the industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Annuncio • Aug 06
Magellan Aerospace Corporation Announces Quarterly Dividend, Payable on September 29, 2022 Magellan Aerospace Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.05 (five cents) per share on the Corporation’s common shares, a decrease of $0.03 (three cents) from the quarterly dividend paid in the first quarter of 2022. The dividend is payable on September 29, 2022, to stockholders of record at the close of business on September 15, 2022. Upcoming Dividend • Jun 08
Upcoming dividend of CA$0.08 per share Eligible shareholders must have bought the stock before 15 June 2022. Payment date: 30 June 2022. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 4.2%. Lower than top quartile of Canadian dividend payers (4.8%). Higher than average of industry peers (1.8%).