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
Rewards
Risk Analysis
Snowflake Analysis
Fair value with questionable track record.
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 +/- 4% a week.
Volatility Over Time: MXG's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-0.4%
MXG
0.8%
CA Renewable Energy
0.9%
CA Market
1 Year Return
38.2%
MXG
49.7%
CA Renewable Energy
39.2%
CA Market
Return vs Industry: MXG underperformed the Canadian Renewable Energy industry which returned 49.7% over the past year.
Return vs Market: MXG underperformed the Canadian Market which returned 39.2% over the past year.
Shareholder returns
| MXG | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.4% | 0.8% | 0.9% |
| 30 Day | 0.4% | 5.6% | 3.0% |
| 90 Day | 8.6% | -16.1% | 7.5% |
| 1 Year | 38.2%38.2% | 55.1%49.7% | 43.9%39.2% |
| 3 Year | -4.4%-4.4% | 138.3%107.5% | 32.5%19.8% |
| 5 Year | -19.0%-19.0% | 183.0%122.8% | 59.3%35.1% |
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
1 month ago | Simply Wall St
Would Maxim Power (TSE:MXG) Be Better Off With Less Debt?3 months ago | Simply Wall St
Are Insiders Buying Maxim Power Corp. (TSE:MXG) Stock?6 months ago | Simply Wall St
How Many Maxim Power Corp. (TSE:MXG) Shares Did Insiders Buy, In The Last Year?Valuation
Is Maxim Power undervalued compared to its fair value and its price relative to the market?
12.9x
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 (12.4x) compared to the CA Renewable Energy industry average (13x).
PE vs Market: MXG is good value based on its PE Ratio (12.4x) compared to the Canadian market (16.5x).
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 (0.8x) compared to the CA Renewable Energy industry average (2.4x).
Future Growth
How is Maxim Power forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
63.7%
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?
66.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MXG has a large one-off gain of CA$5.4M impacting its December 31 2020 financial results.
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 66.6% 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 (-19.8%).
Return on Equity
High ROE: MXG's Return on Equity (6.3%) is considered low.
Financial Health
How is Maxim Power's financial position?
Financial Position Analysis
Short Term Liabilities: MXG's short term assets (CA$20.6M) exceed its short term liabilities (CA$15.1M).
Long Term Liabilities: MXG's short term assets (CA$20.6M) do not cover its long term liabilities (CA$76.3M).
Debt to Equity History and Analysis
Debt Level: MXG's debt to equity ratio (45.1%) is considered high.
Reducing Debt: MXG's debt to equity ratio has increased from 30.8% to 45.1% over the past 5 years.
Debt Coverage: MXG's debt is not well covered by operating cash flow (10.4%).
Interest Coverage: MXG's interest payments on its debt are not well covered by EBIT (0.5x 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?
0.6yrs
Average management tenure
CEO
M. Chernoff (54 yo)
4.83yrs
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
Experienced Management: MXG's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.
Board Members
Experienced Board: MXG's board of directors are seasoned and experienced ( 14.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MXG 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: 2010
- Industry: Independent Power Producers and Energy Traders
- Sector: Utilities
- Market Cap: CA$114.563m
- Shares outstanding: 49.81m
- 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
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 natural g...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/09 23:37 |
| End of Day Share Price | 2021/04/09 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.