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
| MXG | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.2% | -6.2% | -0.5% |
| 30 Day | 11.2% | 14.4% | 2.9% |
| 90 Day | 17.8% | 19.8% | 12.2% |
| 1 Year | 30.8%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
2 weeks ago | Simply Wall St
Are Insiders Buying Maxim Power Corp. (TSE:MXG) Stock?3 months ago | Simply Wall St
How Many Maxim Power Corp. (TSE:MXG) Shares Did Insiders Buy, In The Last Year?7 months ago | Simply Wall St
How Does Investing In Maxim Power Corp. (TSE:MXG) Impact The Volatility Of Your Portfolio?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
- Take a look at our analysis of MXG’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Maxim Power competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Utilities industry.
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 4.58yrs | no data | 2.18% CA$ 2.6m | |
| President & COO | 0.33yr | CA$455.19k | 0.019% CA$ 22.5k | |
| VP of Corporate Development & CFO | no data | CA$262.31k | 0.24% CA$ 283.7k | |
| Vice President of Canadian Facilities | 6.33yrs | CA$308.53k | 0.069% CA$ 81.5k | |
| Corporate Secretary & Senior HR Advisor | no data | CA$382.79k | 0.0056% CA$ 6.7k | |
| VP of Finance & Controller | no data | no data | no data |
4.6yrs
Average Tenure
Experienced Management: MXG's management team is considered experienced (4.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 4.58yrs | no data | 2.18% CA$ 2.6m | |
| Independent Director | 20.08yrs | CA$105.41k | 0.077% CA$ 90.7k | |
| Independent Vice Chairman & Lead Director | 2.17yrs | no data | 32.9% CA$ 39.0m | |
| Independent Director | 14.25yrs | CA$125.41k | 0.0030% CA$ 3.6k | |
| Independent Director | 1.67yrs | CA$102.30k | 0.30% CA$ 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MXG | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Apr 2005 |
| MXGF.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Apr 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 23:05 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.