TSX:MXG

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Executive Summary

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


Snowflake Analysis

Overvalued with worrying balance sheet.


Similar Companies

Share Price & News

How has Maxim Power's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MXG is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MXG's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

8.2%

MXG

-6.2%

CA Renewable Energy

-0.5%

CA Market


1 Year Return

30.8%

MXG

58.5%

CA Renewable Energy

1.6%

CA Market

Return vs Industry: MXG underperformed the Canadian Renewable Energy industry which returned 58.5% over the past year.

Return vs Market: MXG exceeded the Canadian Market which returned 1.7% over the past year.


Shareholder returns

MXGIndustryMarket
7 Day8.2%-6.2%-0.5%
30 Day11.2%14.4%2.9%
90 Day17.8%19.8%12.2%
1 Year30.8%30.8%64.9%58.5%5.3%1.6%
3 Year-10.9%-10.9%139.3%107.3%13.1%2.3%
5 Year-24.4%-24.4%245.5%169.9%66.1%40.5%

Long-Term Price Volatility Vs. Market

How volatile is Maxim Power's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

0.85x

Price to Book (PB) 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 unprofitable, so we can't compare its PE Ratio to the CA Renewable Energy industry average.

PE vs Market: MXG is unprofitable, so we can't compare its PE Ratio to the Canadian market.


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 (0.9x) compared to the CA Renewable Energy industry average (2.5x).


Next Steps

Future Growth

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

36.5%

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.


Next Steps

Past Performance

How has Maxim Power performed over the past 5 years?

57.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MXG is currently unprofitable.

Growing Profit Margin: MXG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MXG is unprofitable, but has reduced losses over the past 5 years at a rate of 57.2% per year.

Accelerating Growth: Unable to compare MXG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MXG is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (20.7%).


Return on Equity

High ROE: MXG has a negative Return on Equity (-1.32%), as it is currently unprofitable.


Next Steps

Financial Health

How is Maxim Power's financial position?


Financial Position Analysis

Short Term Liabilities: MXG's short term assets (CA$12.6M) exceed its short term liabilities (CA$12.3M).

Long Term Liabilities: MXG's short term assets (CA$12.6M) do not cover its long term liabilities (CA$84.7M).


Debt to Equity History and Analysis

Debt Level: MXG's debt to equity ratio (47.7%) is considered high.

Reducing Debt: MXG's debt to equity ratio has increased from 24.8% to 47.7% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MXG has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MXG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 36.4% each year


Next Steps

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?

4.6yrs

Average management tenure


CEO

M. Chernoff (54 yo)

4.58yrs

Tenure

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


Leadership Team

NamePositionTenureCompensationOwnership
M. Chernoff
Chairman of the Board & CEO4.58yrsno data2.18%
CA$ 2.6m
Robert Emmott
President & COO0.33yrCA$455.19k0.019%
CA$ 22.5k
Kyle Mitton
VP of Corporate Development & CFOno dataCA$262.31k0.24%
CA$ 283.7k
Robert Watson
Vice President of Canadian Facilities6.33yrsCA$308.53k0.069%
CA$ 81.5k
Kim Karran
Corporate Secretary & Senior HR Advisorno dataCA$382.79k0.0056%
CA$ 6.7k
Kevin Dyck
VP of Finance & Controllerno datano datano data

4.6yrs

Average Tenure

Experienced Management: MXG's management team is considered experienced (4.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
M. Chernoff
Chairman of the Board & CEO4.58yrsno data2.18%
CA$ 2.6m
Johann Polz
Independent Director20.08yrsCA$105.41k0.077%
CA$ 90.7k
W. Wilson
Independent Vice Chairman & Lead Director2.17yrsno data32.9%
CA$ 39.0m
Wiley Auch
Independent Director14.25yrsCA$125.41k0.0030%
CA$ 3.6k
Bradley Wall
Independent Director1.67yrsCA$102.30k0.30%
CA$ 357.0k

14.3yrs

Average Tenure

54yo

Average Age

Experienced Board: MXG's board of directors are seasoned and experienced ( 14.3 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 company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Maxim Power Corp.
  • Ticker: MXG
  • Exchange: TSX
  • Founded:
  • Industry: Independent Power Producers and Energy Traders
  • Sector: Utilities
  • Market Cap: CA$118.546m
  • Shares outstanding: 49.81m
  • Website: https://www.maximpowercorp.com

Number of Employees


Location

  • Maxim Power Corp.
  • 715 - 5th Avenue S.W.
  • Suite 1210
  • Calgary
  • Alberta
  • T2P 2X6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MXGTSX (The Toronto Stock Exchange)YesCommon SharesCACADApr 2005
MXGF.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDApr 2005

Biography

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 coal and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 23:05
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.