MDA Space Ltd.'s (TSE:MDA) 29% Cheaper Price Remains In Tune With Earnings
Sep 12
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Canadian (TSX) Aerospace & Defense Industry Analysis
UpdatedSep 16, 2025
DataAggregated Company Financials
Companies6
- 7D-0.3%
- 3M2.7%
- 1Y61.6%
- YTD8.9%
Over the last 7 days, the Aerospace & Defense industry has dropped 8.9%, driven by MDA Space declining 2.8%. Meanwhile, Bombardier actually outperformed within the industry, gaining 10% in the last week. Over the past 12 months, the industry was up 60%. Earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Canadian Aerospace & Defense Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 16 Sep 2025 | CA$16.9b | CA$7.1b | CA$533.4m | 28.5x | 31.7x | 2.4x |
| Thu, 14 Aug 2025 | CA$19.7b | CA$7.1b | CA$535.5m | 29.8x | 36.8x | 2.8x |
| Sat, 12 Jul 2025 | CA$19.0b | CA$6.9b | CA$509.2m | 31.6x | 37.3x | 2.7x |
| Mon, 09 Jun 2025 | CA$16.4b | CA$6.9b | CA$509.2m | 28.8x | 32.3x | 2.4x |
| Wed, 07 May 2025 | CA$15.1b | CA$6.6b | -CA$155,116,347.00 | 29.7x | -97.1x | 2.3x |
| Fri, 04 Apr 2025 | CA$15.5b | CA$6.6b | -CA$155,116,347.00 | 30.1x | -100.1x | 2.3x |
| Sun, 02 Mar 2025 | CA$14.7b | CA$6.4b | -CA$183,304,965.00 | 35.6x | -80.4x | 2.3x |
| Tue, 28 Jan 2025 | CA$16.4b | CA$7.0b | -CA$238,270,923.00 | 28.8x | -68.8x | 2.3x |
| Thu, 26 Dec 2024 | CA$16.6b | CA$7.0b | -CA$238,353,204.00 | 28.2x | -69.8x | 2.4x |
| Sat, 23 Nov 2024 | CA$15.4b | CA$7.0b | -CA$238,116,781.00 | 31.7x | -64.8x | 2.2x |
| Mon, 21 Oct 2024 | CA$12.9b | CA$6.8b | -CA$249,720,880.00 | 35.5x | -51.7x | 1.9x |
| Wed, 18 Sep 2024 | CA$11.4b | CA$6.8b | -CA$249,720,880.00 | 31x | -45.6x | 1.7x |
| Fri, 16 Aug 2024 | CA$11.3b | CA$6.8b | -CA$261,195,640.00 | 30.4x | -43.2x | 1.7x |
| Sun, 14 Jul 2024 | CA$11.5b | CA$6.6b | -CA$278,245,632.00 | 33.5x | -41.5x | 1.7x |
| Tue, 11 Jun 2024 | CA$10.9b | CA$6.6b | -CA$278,245,632.00 | 31x | -39.1x | 1.6x |
| Thu, 09 May 2024 | CA$12.2b | CA$6.9b | CA$296.5m | 34.8x | 41.1x | 1.8x |
| Sat, 06 Apr 2024 | CA$11.7b | CA$6.9b | CA$296.3m | 33.4x | 39.6x | 1.7x |
| Mon, 04 Mar 2024 | CA$11.3b | CA$6.8b | CA$262.5m | 29.6x | 43x | 1.6x |
| Wed, 31 Jan 2024 | CA$11.3b | CA$6.7b | CA$273.9m | 30.7x | 41.2x | 1.7x |
| Fri, 29 Dec 2023 | CA$11.7b | CA$6.7b | CA$273.9m | 31.1x | 42.8x | 1.8x |
| Sun, 26 Nov 2023 | CA$11.8b | CA$6.7b | CA$271.0m | 31.5x | 43.6x | 1.8x |
| Tue, 24 Oct 2023 | CA$11.8b | CA$6.5b | CA$230.2m | 30.4x | 51.3x | 1.8x |
| Thu, 21 Sep 2023 | CA$13.2b | CA$6.5b | CA$202.9m | 31.8x | 65x | 2x |
| Sat, 19 Aug 2023 | CA$12.9b | CA$6.5b | CA$199.8m | 31.2x | 64.8x | 2x |
| Mon, 17 Jul 2023 | CA$11.8b | CA$6.3b | CA$125.7m | 38.3x | 93.6x | 1.9x |
| Wed, 14 Jun 2023 | CA$11.4b | CA$6.3b | CA$125.5m | 35.9x | 91x | 1.8x |
| Fri, 12 May 2023 | CA$11.4b | CA$5.9b | CA$79.3m | 30.7x | 144.1x | 1.9x |
| Sun, 09 Apr 2023 | CA$12.2b | CA$5.9b | CA$65.6m | 31.2x | 185.3x | 2.1x |
| Tue, 07 Mar 2023 | CA$12.4b | CA$5.8b | CA$104.4m | 54.2x | 118.4x | 2.1x |
| Thu, 02 Feb 2023 | CA$12.0b | CA$5.6b | CA$67.1m | 52.5x | 178.1x | 2.1x |
| Sat, 31 Dec 2022 | CA$10.4b | CA$5.6b | CA$55.7m | 30.8x | 186.5x | 1.8x |
| Mon, 28 Nov 2022 | CA$11.3b | CA$5.6b | CA$60.5m | 34x | 186.2x | 2x |
| Wed, 26 Oct 2022 | CA$10.0b | CA$5.4b | CA$52.8m | 48.6x | 188.9x | 1.9x |
| Fri, 23 Sep 2022 | CA$9.2b | CA$5.4b | CA$85.6m | 44.4x | 107.2x | 1.7x |
Price to Earnings Ratio
107.2x
Current Industry PE
- Investors are pessimistic on the Canadian Aerospace & Defense industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 31.7x which is lower than its 3-year average PE of 40.6x.
- The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Aerospace & Defense industry have grown 84% per year over the last three years.
- Revenues for these companies have grown 9.8% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Canadian Industrials industry?
| CA Market | 1.35% | |
| Industrials | 0.23% | |
| Aerospace & Defense | -0.29% | |
| Aerospace and Defense | -0.29% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BBD.B Bombardier | CA$170.28 | 10.4% +CA$1.6b | 86.9% | PE27.3x | |
| XTRA Xtract One Technologies | CA$0.69 | 19.0% +CA$26.3m | 7.8% | PS10.2x | |
| DPRO Draganfly | CA$7.18 | 14.0% +CA$18.8m | 127.9% | PS21.4x | |
| MAL Magellan Aerospace | CA$16.95 | 1.4% +CA$13.1m | 81.9% | PE25.5x | |
| CAE CAE | CA$36.83 | 0.03% +CA$3.2m | 53.8% | PE28.5x |
