DB:2JD

Stock Analysis Report

Executive Summary

Maxar Technologies Inc. provides space technology solutions for commercial and government customers worldwide.

Snowflake

Fundamentals

Fair value with moderate growth potential.

Risks

  • Maxar Technologies has significant price volatility in the past 3 months.

Similar Companies

Share Price & News

How has Maxar Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

DB:2JD

2.3%

DE Aerospace & Defense

3.2%

DE Market


1 Year Return

-83.9%

DB:2JD

6.3%

DE Aerospace & Defense

-9.7%

DE Market

2JD underperformed the Aerospace & Defense industry which returned 1.3% over the past year.

2JD underperformed the Market in Germany which returned -19.1% over the past year.


Share holder returns

2JDIndustryMarket
7 Day0%2.3%3.2%
30 Day-24.1%-2.8%-4.4%
90 Day-68.7%8.2%-2.0%
1 Year-83.2%-83.9%8.6%6.3%-6.9%-9.7%
3 Year-82.8%-84.2%84.4%72.6%11.8%2.2%
5 Year-82.6%-84.5%129.6%101.7%26.9%9.5%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Maxar Technologies undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Maxar Technologies's share price is below the future cash flow value, and at a moderate discount (> 20%).

Maxar Technologies's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Maxar Technologies is loss making, we can't compare its value to the Europe Aerospace & Defense industry average.

Maxar Technologies is loss making, we can't compare the value of its earnings to the Germany market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Maxar Technologies, we can't assess if its growth is good value.


Price Based on Value of Assets

Maxar Technologies is good value based on assets compared to the Europe Aerospace & Defense industry average.


Next Steps

Future Growth

How is Maxar Technologies expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

69.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Maxar Technologies's revenue is expected to grow by 0.8% yearly, however this is not considered high growth (20% yearly).

Maxar Technologies's earnings are expected to grow significantly at over 20% yearly.

Maxar Technologies's revenue growth is positive but not above the Germany market average.

Maxar Technologies's earnings growth is expected to exceed the Germany market average.

Maxar Technologies's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Maxar Technologies will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.


Next Steps

Past Performance

How has Maxar Technologies performed over the past 5 years?

-22.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Maxar Technologies does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Maxar Technologies's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Maxar Technologies's 1-year growth to the Europe Aerospace & Defense industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Maxar Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Maxar Technologies has efficiently used its assets last year compared to the Europe Aerospace & Defense industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Maxar Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Maxar Technologies's financial position?


Financial Position Analysis

Maxar Technologies's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Maxar Technologies's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Maxar Technologies's level of debt (187.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (107.7% vs 187.8% today).

Debt is not well covered by operating cash flow (13.2%, less than 20% of total debt).

Maxar Technologies is making a loss, therefore interest payments are not well covered by earnings.


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.2x debt.


Next Steps

Dividend

What is Maxar Technologies's current dividend yield, its reliability and sustainability?

21.90%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Maxar Technologies's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.6%).

Maxar Technologies's dividend is above the markets top 25% of dividend payers in Germany (4%).

Maxar Technologies has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but Maxar Technologies only paid a dividend in the past 7 years.


Current Payout to Shareholders

The company is paying a dividend however it is incurring a loss.


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3.7x coverage).


Next Steps

Management

What is the CEO of Maxar Technologies's salary, the management and board of directors tenure and is there insider trading?

1.2yrs

Average management tenure


CEO

Howard Lance (62yo)

2.7yrs

Tenure

US$8,693,713

Compensation

Mr. Howard L. Lance, also known as Harris, serves as the Chairman, President and Chief Executive Officer at SSL MDA Holdings, Inc. Mr. Lance has been the Chief Executive Officer and President of MacDonald, ...


CEO Compensation Analysis

Howard's remuneration is higher than average for companies of similar size in Germany.

Howard's compensation has increased whilst company is loss making.


Management Age and Tenure

1.2yrs

Average Tenure

60yo

Average Age

The average tenure for the Maxar Technologies management team is less than 2 years, this suggests a new team.


Board Age and Tenure

2.7yrs

Average Tenure

65.5yo

Average Age

The average tenure for the Maxar Technologies board of directors is less than 3 years, this suggests a new board.


Insider Trading

More shares have been bought than sold by Maxar Technologies insiders in the past 3 months.


Recent Insider Transactions

BuyUS$21,48126 Nov 18
Howell Estes
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares1,500
Max PriceUS$14.32
BuyUS$42,11021 Nov 18
Eric Zahler
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,000
Max PriceUS$14.30
BuyUS$16,03612 Nov 18
Joanne Isham
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceUS$16.04
BuyUS$88,02112 Nov 18
Walter Scott
EntityIndividual
Role
Chief Technology Officer
Executive VP & CTO
Shares5,600
Max PriceUS$15.72
BuyUS$31,57712 Nov 18
Brian Kenning
EntityIndividual
Role
Vice Chairman
Vice Chairman
Shares2,000
Max PriceUS$15.79
BuyUS$229,05609 Nov 18
Biggs Porter
EntityIndividual
Role
Chief Financial Officer
CFO & Executive VP
Shares15,000
Max PriceUS$15.27
BuyUS$87,55009 Nov 18
Dario Zamarian
EntityIndividual
Role
Unit President
Group President of SSL
Shares5,717
Max PriceUS$15.31
BuyUS$14,36409 Nov 18
L. Mason
EntityIndividual
Shares1,000
Max PriceUS$14.36
BuyUS$30,59709 Nov 18
Lori Garver
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,000
Max PriceUS$15.30
BuyUS$15,86009 Nov 18
Leon Frazier
EntityIndividual
Shares1,002
Max PriceUS$15.83
BuyUS$317,80609 Nov 18
Dennis Chookaszian
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares20,000
Max PriceUS$15.89
BuyUS$35,89909 Nov 18
Howell Estes
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares2,350
Max PriceUS$15.29
BuyUS$18,24509 Nov 18
Claude Kehler
EntityIndividual
Shares1,100
Max PriceUS$16.59
BuyUS$871,20808 Nov 18
Howard Lance
EntityIndividual
Role
Chief Executive Officer
President
Shares57,600
Max PriceUS$15.13
BuyUS$25,77708 Nov 18
Michelle Kley
EntityIndividual
Shares1,800
Max PriceUS$14.32
BuyUS$23,76408 Nov 18
Nicholas Cyprus
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,500
Max PriceUS$15.84
BuyUS$29,55908 Nov 18
Robert Phillips
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,000
Max PriceUS$14.81
BuyUS$43,03330 Aug 18
Howell Estes
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares1,500
Max PriceUS$28.69

Ownership Breakdown


Management Team

  • Howard Lance (62yo)

    President

    • Tenure: 2.7yrs
    • Compensation: US$8.69m
  • Anil Wirasekara (61yo)

    Executive Vice President

    • Tenure: 0.4yrs
    • Compensation: US$2.94m
  • Biggs Porter (64yo)

    CFO & Executive VP

    • Tenure: 0.4yrs
  • Walter Scott (60yo)

    Executive VP & CTO

    • Tenure: 1.3yrs
  • Bruce Stephenson

    Senior VP and Chief Strategy & Corporate Development Officer

    • Tenure: 0.0yrs
    • Compensation: US$2.35m
  • Dario Zamarian (54yo)

    Group President of SSL

    • Tenure: 1.6yrs
    • Compensation: US$3.83m
  • Jason Gursky

    Vice President of Investor Relations

    • Tenure: 1.2yrs
  • Andrea Bortner (56yo)

    Senior VP & Chief Human Resources Officer

    • Tenure: 0.0yrs
    • Compensation: US$1.93m
  • Jeff Robertson

    Senior VP

    • Tenure: 0.0yrs
  • Jose Torres (43yo)

    Senior VP & Chief Accounting Officer

    • Tenure: 1.0yrs

Board Members

  • Brian Kenning (69yo)

    Vice Chairman

    • Tenure: 0.0yrs
    • Compensation: US$160.00k
  • Eric Zahler (67yo)

    Independent Director

    • Tenure: 4.7yrs
    • Compensation: US$20.00k
  • Dennis Chookaszian (74yo)

    Independent Director

    • Tenure: 13.5yrs
    • Compensation: US$195.00k
  • Howard Lance (62yo)

    President

    • Tenure: 2.7yrs
    • Compensation: US$8.69m
  • Howell Estes (76yo)

    Chairman of the Board

    • Tenure: 0.1yrs
    • Compensation: US$37.83k
  • Bob Phillips (67yo)

    Director

    • Tenure: 15.3yrs
    • Compensation: US$260.00k
  • Nick Cyprus (64yo)

    Director

    • Tenure: 1.5yrs
    • Compensation: US$37.83k
  • Joan Isham (62yo)

    Independent Director

    • Tenure: 2.2yrs
    • Compensation: US$160.00k
  • Bill McCombe (60yo)

    • Tenure: 0.9yrs
    • Compensation: US$2.30m
  • Lori Garver (57yo)

    Independent Director

    • Tenure: 3.5yrs
    • Compensation: US$180.00k

Company Information

Maxar Technologies Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Maxar Technologies Inc.
  • Ticker: 2JD
  • Exchange: DB
  • Founded: 1969
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: US$693.433m
  • Listing Market Cap: US$604.743m
  • Shares outstanding: 59.17m
  • Website: https://www.maxar.com

Number of Employees


Location

  • Maxar Technologies Inc.
  • 1300 West 120th Avenue
  • Westminster
  • Colorado
  • 80234
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MAXRTSX (The Toronto Stock Exchange)YesCommon SharesCACADJul 2000
2JDDB (Deutsche Boerse AG)YesCommon SharesDEEURJul 2000
MAXRNYSE (New York Stock Exchange)YesCommon SharesUSUSDJul 2000

Biography

Maxar Technologies Ltd., a space and geospatial intelligence company, provides satellites, earth imagery, geospatial data, and analytics for the commercial and government customers worldwide. The company o ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/01/16 22:52
End of Day Share Price2018/12/28 00:00
Earnings2018/09/30
Annual Earnings2017/12/31


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.