MXG Stock Overview
Maxim Power Corp., an independent power producer, engages in the development, ownership, and operation of power generation facilities in Canada.
Maxim Power Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$3.55|
|52 Week High||CA$4.83|
|52 Week Low||CA$3.04|
|1 Month Change||-11.47%|
|3 Month Change||12.70%|
|1 Year Change||11.99%|
|3 Year Change||115.15%|
|5 Year Change||33.96%|
|Change since IPO||-63.02%|
Recent News & Updates
We Think Maxim Power (TSE:MXG) Has A Fair Chunk Of Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
|MXG||CA Renewable Energy||CA Market|
Return vs Industry: MXG exceeded the Canadian Renewable Energy industry which returned -2.4% over the past year.
Return vs Market: MXG exceeded the Canadian Market which returned -3% over the past year.
|MXG Average Weekly Movement||7.4%|
|Renewable Energy Industry Average Movement||4.2%|
|Market Average Movement||10.1%|
|10% most volatile stocks in CA Market||18.4%|
|10% least volatile stocks in CA Market||3.8%|
Stable Share Price: MXG is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: MXG's weekly volatility (7%) has been stable over the past year.
About the Company
Maxim Power Corp., an independent power producer, engages in the development, ownership, and operation of power generation facilities in Canada. Its core asset is Milner 2 power plant, a 204 megawatt natural gas-fired turbine generator located in Grande Cache, Alberta. Maxim Power Corp. is headquartered in Calgary, Canada.
Maxim Power Fundamentals Summary
|MXG fundamental statistics|
Is MXG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MXG income statement (TTM)|
|Cost of Revenue||CA$96.72m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.96|
|Net Profit Margin||28.92%|
How did MXG perform over the long term?See historical performance and comparison
Is MXG undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MXG?
Other financial metrics that can be useful for relative valuation.
|What is MXG's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does MXG's PE Ratio compare to its peers?
|MXG PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
CPX Capital Power
PIF Polaris Renewable Energy
JPWR.UN Jade Power Trust
CUP.U Caribbean Utilities Company
MXG Maxim Power
Price-To-Earnings vs Peers: MXG is good value based on its Price-To-Earnings Ratio (3.7x) compared to the peer average (44.6x).
Price to Earnings Ratio vs Industry
How does MXG's PE Ratio compare vs other companies in the Global Renewable Energy Industry?
Price-To-Earnings vs Industry: MXG is good value based on its Price-To-Earnings Ratio (3.7x) compared to the Global Renewable Energy industry average (16.3x)
Price to Earnings Ratio vs Fair Ratio
What is MXG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||3.7x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MXG's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of MXG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate MXG's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate MXG's fair value for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Maxim Power forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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.
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How has Maxim Power performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MXG has a high level of non-cash earnings.
Growing Profit Margin: MXG's current net profit margins (28.9%) are lower than last year (59.8%).
Past Earnings Growth Analysis
Earnings Trend: MXG has become profitable over the past 5 years, growing earnings by 77.9% per year.
Accelerating Growth: MXG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MXG had negative earnings growth (-26.7%) over the past year, making it difficult to compare to the Renewable Energy industry average (-26.7%).
Return on Equity
High ROE: MXG's Return on Equity (19%) is considered low.
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How is Maxim Power's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: MXG's short term assets (CA$43.2M) exceed its short term liabilities (CA$18.2M).
Long Term Liabilities: MXG's short term assets (CA$43.2M) do not cover its long term liabilities (CA$95.3M).
Debt to Equity History and Analysis
Debt Level: MXG's net debt to equity ratio (26.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if MXG's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MXG's debt is well covered by operating cash flow (81.1%).
Interest Coverage: Insufficient data to determine if MXG's interest payments on its debt are well covered by EBIT.
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What is Maxim Power current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Maxim Power Dividend Yield vs Market|
|Company (Maxim Power)||n/a|
|Market Bottom 25% (CA)||1.9%|
|Market Top 25% (CA)||6.0%|
|Industry Average (Renewable Energy)||3.9%|
|Analyst forecast in 3 Years (Maxim Power)||n/a|
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.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as MXG has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
M. Chernoff (56 yo)
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...
Experienced Management: MXG's management team is seasoned and experienced (6.2 years average tenure).
Experienced Board: MXG's board of directors are considered experienced (9.7 years average tenure).
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
|29 Aug 22||BuyCA$19,710||Kyle Mitton||Individual||5,400||CA$3.65|
|18 Jul 22||BuyCA$9,754||Kyle Mitton||Individual||2,947||CA$3.31|
|30 May 22||SellCA$3,690||Wiley Auch||Individual||1,000||CA$3.69|
|27 May 22||SellCA$7,500||Kim Karran||Individual||2,000||CA$3.75|
|27 May 22||SellCA$378||Wiley Auch||Individual||100||CA$3.78|
|25 May 22||SellCA$12,862||Wiley Auch||Individual||3,500||CA$3.67|
|25 May 22||SellCA$14,664||Kim Karran||Individual||4,000||CA$3.69|
|24 May 22||SellCA$1,825||Wiley Auch||Individual||500||CA$3.65|
|20 May 22||SellCA$7,300||Wiley Auch||Individual||2,000||CA$3.65|
|19 May 22||SellCA$21,950||Wiley Auch||Individual||6,000||CA$3.66|
|19 May 22||SellCA$14,600||Kim Karran||Individual||4,000||CA$3.65|
|14 Apr 22||BuyCA$2,015,640||W. Wilson||Individual||559,900||CA$3.60|
|14 Apr 22||BuyCA$2,015,640||Alpine Capital Corp.||Company||559,900||CA$3.60|
|12 Jan 22||BuyCA$9,800||National Bank Investments Inc.||Company||2,500||CA$3.92|
|11 Nov 21||BuyCA$2,400,000||W. Wilson||Individual||750,000||CA$3.20|
|11 Nov 21||BuyCA$2,400,000||Alpine Capital Corp.||Company||750,000||CA$3.20|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Maxim Power Corp.'s employee growth, exchange listings and data sources
- Name: Maxim Power Corp.
- Ticker: MXG
- Exchange: TSX
- Founded: 2010
- Industry: Independent Power Producers and Energy Traders
- Sector: Utilities
- Implied Market Cap: CA$177.847m
- Shares outstanding: 50.10m
- Website: https://maximpowercorp.com
Number of Employees
- Maxim Power Corp.
- 715-5th Avenue SW
- Suite 1800
- T2P 2X6
|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|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/06 00:00|
|End of Day Share Price||2022/10/06 00:00|
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.