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MXG

Maxim PowerTSX:MXG Stock Report

Market Cap

CA$149.7m

7D

-0.3%

1Y

47.1%

Updated

26 Sep, 2021

Data

Company Financials
MXG fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends0/6

MXG Overview

Maxim Power Corp., an independent power producer, engages in the acquisition, development, ownership, and operation of power and power related projects in Canada.

Rewards

PE ratio (2.3x) is below the Canadian market (12.6x)

Became profitable this year

Risk Analysis

No risks detected for MXG from our risk checks.

Maxim Power Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Maxim Power
Historical stock prices
Current Share PriceCA$3.00
52 Week HighCA$1.80
52 Week LowCA$3.15
Beta0.98
1 Month Change4.17%
3 Month Change11.11%
1 Year Change47.06%
3 Year Change26.05%
5 Year Change-7.69%
Change since IPO-68.75%

Recent News & Updates

Shareholder Returns

MXGCA Renewable EnergyCA Market
7D-0.3%-2.5%-0.3%
1Y47.1%11.6%30.8%

Return vs Industry: MXG exceeded the Canadian Renewable Energy industry which returned 11.6% over the past year.

Return vs Market: MXG exceeded the Canadian Market which returned 30.8% over the past year.

Price Volatility

Is MXG's price volatile compared to industry and market?
MXG volatility
MXG Beta0.98
Industry Beta0.62
Market Beta1

Stable Share Price: MXG is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: MXG's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201033M. Chernoffhttps://www.maximpowercorp.com

Maxim Power Corp., an independent power producer, engages in the acquisition, development, ownership, and operation of power and power related projects in Canada. It generates electricity through natural gas fire power stations. As of December 31, 2020, the company operated two power generating facilities, which include Milner 2 with 204 megawatts (MW) of electric generating capacity; and HR Milner with 150 MW of electric generating capacity in Alberta.

Maxim Power Fundamentals Summary

How do Maxim Power's earnings and revenue compare to its market cap?
MXG fundamental statistics
Market CapCA$149.67m
Earnings (TTM)CA$65.44m
Revenue (TTM)CA$109.38m

2.3x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MXG income statement (TTM)
RevenueCA$109.38m
Cost of RevenueCA$55.15m
Gross ProfitCA$54.23m
Expenses-CA$11.21m
EarningsCA$65.44m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.31
Gross Margin49.58%
Net Profit Margin59.82%
Debt/Equity Ratio25.9%

How did MXG perform over the long term?

See historical performance and comparison

Valuation

Is Maxim Power undervalued compared to its fair value and its price relative to the market?

2.29x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MXG's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MXG's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MXG is good value based on its PE Ratio (2.3x) compared to the Canadian Renewable Energy industry average (10.9x).

PE vs Market: MXG is good value based on its PE Ratio (2.3x) compared to the Canadian market (12.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MXG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MXG is good value based on its PB Ratio (0.7x) compared to the CA Renewable Energy industry average (2.3x).


Future Growth

How is Maxim Power forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

59.4%

Forecasted Utilities industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Maxim Power has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Maxim Power performed over the past 5 years?

77.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MXG has high quality earnings.

Growing Profit Margin: MXG became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MXG has become profitable over the past 5 years, growing earnings by 77.8% per year.

Accelerating Growth: MXG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MXG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Renewable Energy industry (-25.1%).


Return on Equity

High ROE: MXG's Return on Equity (32%) is considered high.


Financial Health

How is Maxim Power's financial position?


Financial Position Analysis

Short Term Liabilities: MXG's short term assets (CA$65.5M) exceed its short term liabilities (CA$27.3M).

Long Term Liabilities: MXG's short term assets (CA$65.5M) exceed its long term liabilities (CA$63.9M).


Debt to Equity History and Analysis

Debt Level: MXG's debt to equity ratio (25.9%) is considered satisfactory.

Reducing Debt: MXG's debt to equity ratio has reduced from 37% to 25.9% over the past 5 years.

Debt Coverage: MXG's debt is well covered by operating cash flow (165.8%).

Interest Coverage: MXG's interest payments on its debt are well covered by EBIT (10.9x coverage).


Balance Sheet


Dividend

What is Maxim Power current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MXG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MXG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MXG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MXG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MXG's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.0yrs

Average management tenure


CEO

M. Chernoff (55 yo)

5.25yrs

Tenure

Mr. M. Bruce Chernoff, P.Eng., serves as the President of Caribou Capital Corp. Mr. Chernoff has been the Chief Executive Officer of Maxim Power Corp. since November 23, 2018. He was Interim Chief Executiv...


Leadership Team

Experienced Management: MXG's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: MXG's board of directors are considered experienced (8.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Maxim Power Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Maxim Power Corp.
  • Ticker: MXG
  • Exchange: TSX
  • Founded: 2010
  • Industry: Independent Power Producers and Energy Traders
  • Sector: Utilities
  • Market Cap: CA$149.673m
  • Shares outstanding: 49.89m
  • Website: https://www.maximpowercorp.com

Number of Employees


Location

  • Maxim Power Corp.
  • 715-5th Avenue S.W.
  • Suite 1800
  • Calgary
  • Alberta
  • T2P 2X6
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/26 22:14
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.