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Maxar Technologies

NYSE:MAXR
Snowflake Description

Fair value not a dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MAXR
NYSE
$282M
Market Cap
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Last updated 2019/04/17 01:20
Company description

Maxar Technologies Inc. provides space technology solutions for commercial and government customers worldwide. The last earnings update was 47 days ago. More info.

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  • Maxar Technologies has significant price volatility in the past 3 months.
MAXR Share Price and Events
7 Day Returns
1.1%
NYSE:MAXR
1.2%
US Aerospace & Defense
0.4%
US Market
1 Year Returns
-89.4%
NYSE:MAXR
-7.6%
US Aerospace & Defense
6.8%
US Market
MAXR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Maxar Technologies (MAXR) 1.1% 5.1% -7.6% -89.4% -93% -93.9%
US Aerospace & Defense 1.2% 4.1% 12.1% -7.6% 39.3% 54.3%
US Market 0.4% 2.6% 11% 6.8% 38.1% 45.7%
1 Year Return vs Industry and Market
  • MAXR underperformed the Aerospace & Defense industry which returned -7.6% over the past year.
  • MAXR underperformed the Market in United States of America which returned 6.8% over the past year.
Price Volatility
MAXR
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Maxar Technologies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Maxar Technologies.

NYSE:MAXR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:MAXR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.915 (1 + (1- 21%) (1119.9%)) 		6.365
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%) 		14.65%

Discounted Cash Flow Calculation for NYSE:MAXR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Maxar Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:MAXR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 14.65%)
2019 -95.15 Analyst x4 -82.99
2020 48.03 Analyst x4 36.54
2021 112.00 Analyst x2 74.32
2022 517.00 Analyst x1 299.22
2023 537.00 Analyst x1 271.08
2024 555.67 Est @ 3.48% 244.67
2025 573.75 Est @ 3.25% 220.35
2026 591.51 Est @ 3.1% 198.14
2027 609.18 Est @ 2.99% 177.98
2028 626.90 Est @ 2.91% 159.76
Present value of next 10 years cash flows $1,599.06
NYSE:MAXR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $626.90 × (1 + 2.73%) ÷ (14.65% – 2.73%) 		$5,402.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $5,402.83 ÷ (1 + 14.65%)10 		$1,376.83
NYSE:MAXR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,599.06 + $1,376.83 		$2,975.89
Equity Value per Share
(USD)		 = Total value / Shares Outstanding
= $2,975.89 / 59.58 		$49.95
NYSE:MAXR Discount to Share Price
Calculation Result
Value per share (USD) From above. $49.95
Current discount Discount to share price of $4.73
= -1 x ($4.73 - $49.95) / $49.95 		90.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Maxar Technologies is available for.
Intrinsic value
>50%
Share price is $4.73 vs Future cash flow value of $49.95
Current Discount Checks
For Maxar Technologies to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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 RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Maxar Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Maxar Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:MAXR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-21.76
NYSE:MAXR Share Price ** NYSE (2019-04-16) in USD $4.73
United States of America Aerospace & Defense Industry PE Ratio Median Figure of 41 Publicly-Listed Aerospace & Defense Companies 22.41x
United States of America Market PE Ratio Median Figure of 3,072 Publicly-Listed Companies 18.08x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Maxar Technologies.

NYSE:MAXR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:MAXR Share Price ÷ EPS (both in USD)

= 4.73 ÷ -21.76

 -0.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Maxar Technologies is loss making, we can't compare its value to the US Aerospace & Defense industry average.
  • Maxar Technologies is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Maxar Technologies's expected growth come at a high price?
Raw Data
NYSE:MAXR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts		 113.1%per year
United States of America Aerospace & Defense Industry PEG Ratio Median Figure of 34 Publicly-Listed Aerospace & Defense Companies 1.77x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Maxar Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Maxar Technologies's assets?
Raw Data
NYSE:MAXR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $10.83
NYSE:MAXR Share Price * NYSE (2019-04-16) in USD $4.73
United States of America Aerospace & Defense Industry PB Ratio Median Figure of 57 Publicly-Listed Aerospace & Defense Companies 2.74x
United States of America Market PB Ratio Median Figure of 5,176 Publicly-Listed Companies 1.91x
NYSE:MAXR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:MAXR Share Price ÷ Book Value per Share (both in USD)

= 4.73 ÷ 10.83

 0.44x

* Primary Listing of Maxar Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Maxar Technologies is good value based on assets compared to the US Aerospace & Defense industry average.
Show me more potentially undervalued companies in the Aerospace & Defense industry
X
Value checks
We assess Maxar Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check)
    5. Maxar Technologies has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Maxar Technologies expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
113.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Maxar Technologies expected to grow at an attractive rate?
  • Unable to compare Maxar Technologies's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Maxar Technologies's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.
  • Maxar Technologies's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:MAXR Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:MAXR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 113.1%
NYSE:MAXR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts -4.7%
United States of America Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 10.4%
United States of America Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:MAXR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:MAXR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1,920 -25 3
2020-12-31 1,878 305 -54 8
2019-12-31 1,898 241 -155 8
NYSE:MAXR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 2,141 139 -1,264
2018-09-30 2,190 424 -356
2018-06-30 2,019 340 89
2018-03-31 1,815 285 127
2017-12-31 1,631 105 58
2017-09-30 1,395 128 55
2017-06-30 1,487 76 78
2017-03-31 1,509 110 79
2016-12-31 1,558 54 68
2016-09-30 1,604 129 86
2016-06-30 1,637 171 98
2016-03-31 1,655 37 112

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Maxar Technologies is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Maxar Technologies's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:MAXR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Maxar Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:MAXR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 -0.41 -0.07 -0.75 2.00
2020-12-31 -0.54 -0.38 -0.69 2.00
2019-12-31 -1.74 -1.74 -1.74 1.00
NYSE:MAXR Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -21.76
2018-09-30 -6.23
2018-06-30 1.74
2018-03-31 2.75
2017-12-31 1.41
2017-09-30 1.52
2017-06-30 2.15
2017-03-31 2.18
2016-12-31 1.87
2016-09-30 2.38
2016-06-30 2.70
2016-03-31 3.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • 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.
X
Future performance checks
We assess Maxar Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Maxar Technologies has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Maxar Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Maxar Technologies's growth in the last year to its industry (Aerospace & Defense).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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 US Aerospace & Defense industry average as it is not currently profitable.
Earnings and Revenue History
Maxar Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Maxar Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:MAXR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,141.00 -1,264.00 467.00
2018-09-30 2,189.90 -355.60 61.60
2018-06-30 2,019.10 89.20 69.60
2018-03-31 1,815.40 127.10 58.60
2017-12-31 1,631.00 58.00 293.00
2017-09-30 1,394.81 55.32 15.92
2017-06-30 1,486.80 78.45 4.81
2017-03-31 1,508.98 79.38 25.97
2016-12-31 1,558.00 68.00 227.00
2016-09-30 1,603.90 86.46 38.73
2016-06-30 1,636.93 97.89 34.11
2016-03-31 1,654.72 112.07 6.21
2015-12-31 1,526.05 102.95 18.32
2015-09-30 1,582.60 75.59 28.68
2015-06-30 1,692.04 54.03 37.57
2015-03-31 1,690.22 47.65 42.02
2014-12-31 1,812.36 40.69 49.26
2014-09-30 1,814.58 96.69 48.13
2014-06-30 1,861.30 124.79 75.90
2014-03-31 1,706.66 115.80 71.70
2013-12-31 1,712.21 98.88 87.01
2013-09-30 1,666.89 88.40 78.71
2013-06-30 1,350.21 81.05 38.79
2013-03-31 1,117.41 52.07 65.34
2012-12-31 882.80 84.14 32.80
2012-09-30 695.98 103.59 22.48
2012-06-30 682.05 99.62 19.04

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • 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.
  • It is difficult to establish if Maxar Technologies has efficiently used its assets last year compared to the US Aerospace & Defense industry average (Return on Assets) as it is loss-making.
  • 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.
X
Past performance checks
We assess Maxar Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Maxar Technologies has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Maxar Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Maxar Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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.
Balance sheet
This treemap shows a more detailed breakdown of Maxar Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Maxar Technologies Company Filings, last reported 3 months ago.

NYSE:MAXR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 644.00 3,156.00 38.00
2018-09-30 1,708.00 3,207.40 16.20
2018-06-30 2,123.80 3,194.80 19.00
2018-03-31 2,030.90 3,151.50 30.30
2017-12-31 1,833.00 3,067.00 20.00
2017-09-30 872.87 815.72 16.60
2017-06-30 865.60 804.50 11.84
2017-03-31 859.36 789.68 7.28
2016-12-31 863.00 739.80 19.90
2016-09-30 843.16 775.36 80.32
2016-06-30 824.22 717.71 51.41
2016-03-31 813.81 731.70 52.42
2015-12-31 798.36 710.88 35.75
2015-09-30 804.07 718.93 72.67
2015-06-30 773.85 713.79 71.47
2015-03-31 733.83 603.99 74.84
2014-12-31 694.24 651.42 20.67
2014-09-30 798.57 659.09 43.27
2014-06-30 787.89 616.83 56.64
2014-03-31 756.52 562.25 36.68
2013-12-31 749.42 561.31 53.22
2013-09-30 598.60 647.31 57.93
2013-06-30 566.92 747.04 18.52
2013-03-31 532.37 717.95 30.30
2012-12-31 267.68 850.42 30.68
2012-09-30 266.93 103.07 220.27
2012-06-30 245.38 103.40 236.40
  • Maxar Technologies's level of debt (490.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (74.9% vs 490.1% today).
  • Debt is not well covered by operating cash flow (4.4%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Maxar Technologies's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Maxar Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. Maxar Technologies has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.85%
Current annual income from Maxar Technologies dividends. Estimated to be 0.85% next year.
If you bought $2,000 of Maxar Technologies shares you are expected to receive $17 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Maxar Technologies's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
  • Maxar Technologies's dividend is below the markets top 25% of dividend payers in United States of America (3.63%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:MAXR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
United States of America Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:MAXR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.04 2.00
2020-12-31 0.04 2.00
2019-12-31 0.04 2.00
NYSE:MAXR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-01 0.040 0.853
2019-02-28 0.040 0.617
2018-10-31 1.084 12.776
2018-05-09 1.110 2.900
2018-02-22 1.130 2.513
2017-11-02 1.147 1.871
2017-07-28 1.147 2.045
2017-05-02 1.077 2.297
2017-02-24 1.077 2.185
2016-08-05 1.091 2.052
2016-05-09 1.121 1.732
2016-03-04 1.106 1.724
2015-11-02 1.012 1.750
2015-07-31 1.105 1.940
2015-05-06 1.134 1.593
2015-03-02 1.160 1.522
2014-10-30 1.024 1.440
2014-07-30 1.153 1.566
2014-03-05 1.163 1.514
2013-11-18 1.165 1.626
2013-07-31 1.233 1.606
2013-03-15 1.229 1.858
2012-11-09 1.262 2.150
2012-07-26 1.287 2.376
2012-02-29 1.265 2.707
2011-10-28 0.975 2.170
2011-10-26 0.988 2.313

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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%).
  • Maxar Technologies has only been paying a dividend for 7 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Maxar Technologies's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (60.1x coverage).
X
Income/ dividend checks
We assess Maxar Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Maxar Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Maxar Technologies has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dan Jablonsky
AGE 48
TENURE AS CEO 0.3 years
CEO Bio

Mr. Daniel L. Jablonsky, also known as Dan, has been the President and Chief Executive Officer of Maxar Technologies Inc. since January 14, 2019. Mr. Jablonsky served as the President and Director of DigitalGlobe, Inc. since October 5, 2017 until January 14, 2019 and previously served as its Senior Vice President, General Counsel and Secretary from March 12, 2012 to October 2017 and as its General Manager - International Defense & Intelligence until October 2017. Mr. Jablonsky also serves as a Vice President and Secretary of GeoEye, LLC. Mr. Jablonsky served as an Interim Co-General Counsel at Flextronics International Ltd. from 2010 to 2011. He served as Senior Corporate Counsel of Securities and M&A at Flextronics from 2007 to 2010. He served as Regional Counsel of UBS Financial Services Inc since 2007. He served in the enforcement division of the U.S. Securities and Exchange Commission and practiced corporate and securities law with O'Melveny & Myers LLP. He served as an Officer and Engineer in the United States Navy. He serves as Director of Maxar Technologies Inc. since January 14, 2019. Mr. Jablonsky served as a Director for UBS Financial Services Inc since 2007. He also serves as a Director of GeoEye, LLC. He holds a Bachelor of Science degree from the United States Naval Academy and a Juris Doctor degree from the University Of Washington School Of Law.

CEO Compensation
  • Insufficient data for Dan to compare compensation growth.
  • Insufficient data for Dan to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Maxar Technologies management team in years:

0.7
Average Tenure
53.5
Average Age
  • The average tenure for the Maxar Technologies management team is less than 2 years, this suggests a new team.
Management Team

Biggs Porter

TITLE
CFO, Principal Accounting Officer & Executive VP
COMPENSATION
$2M
AGE
64
TENURE
0.7 yrs

Anil Wirasekara

TITLE
Executive Vice President of Finance
COMPENSATION
$2M
AGE
61
TENURE
0.7 yrs

Mike Greenley

TITLE
Group President of MDA
COMPENSATION
$2M
AGE
51
TENURE
1.3 yrs

Dan Jablonsky

TITLE
President
AGE
48
TENURE
0.3 yrs

E. Robertson

TITLE
Senior VP of Operations & COO
AGE
50
TENURE
0.1 yrs

Walter Scott

TITLE
Executive VP & CTO
AGE
60
TENURE
1.5 yrs

Jason Gursky

TITLE
Vice President of Investor Relations
TENURE
1.4 yrs

Jim Lee

TITLE
Senior VP
AGE
48

Randy Lynch

TITLE
Senior VP of Finance
TENURE
0.1 yrs

Andrea Bortner

TITLE
Senior VP & Chief Human Resources Officer
COMPENSATION
$2M
AGE
56
Board of Directors Tenure

Average tenure and age of the Maxar Technologies board of directors in years:

2.4
Average Tenure
66.5
Average Age
  • The average tenure for the Maxar Technologies board of directors is less than 3 years, this suggests a new board.
Board of Directors

Howell Estes

TITLE
Chairman of the Board
COMPENSATION
$141K
AGE
76
TENURE
0.3 yrs

Dan Jablonsky

TITLE
President
AGE
48
TENURE
0.3 yrs

Brian Kenning

TITLE
Vice Chairman
COMPENSATION
$110K
AGE
69

Dennis Chookaszian

TITLE
Independent Director
COMPENSATION
$167K
AGE
74
TENURE
13.8 yrs

Eric Zahler

TITLE
Independent Director
COMPENSATION
$126K
AGE
67
TENURE
4.9 yrs

Lori Garver

TITLE
Independent Director
COMPENSATION
$154K
AGE
57
TENURE
3.8 yrs

Nick Cyprus

TITLE
Independent Director
COMPENSATION
$154K
AGE
64
TENURE
1.8 yrs

Bob Phillips

TITLE
Independent Director
COMPENSATION
$171K
AGE
67
TENURE
15.5 yrs

Joan Isham

TITLE
Independent Director
COMPENSATION
$142K
AGE
62
TENURE
2.4 yrs

Claude Kehler

TITLE
Independent Director
COMPENSATION
$162K
AGE
66
TENURE
2.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Maxar Technologies insiders in the past 3 months.
Show me more companies with insider buying in the Aerospace & Defense industry
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
11. Mar 19 Buy Mike Greenley Individual 11. Mar 19 11. Mar 19 10,715 $5.23 $56,039
08. Mar 19 Buy Daniel Jablonsky Individual 05. Mar 19 05. Mar 19 20,000 $5.15 $102,960
08. Mar 19 Buy Walter Scott Individual 06. Mar 19 06. Mar 19 20,300 $5.06 $102,655
08. Mar 19 Buy Howell Estes Individual 05. Mar 19 05. Mar 19 10,000 $5.00 $49,979
08. Mar 19 Buy Nicholas Cyprus Individual 06. Mar 19 06. Mar 19 5,000 $5.03 $25,155
X
Management checks
We assess Maxar Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. Maxar Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Have Insiders Been Buying Maxar Technologies Inc. (NYSE:MAXR) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Maxar Technologies Inc. … That means that an insider was happy to buy shares at above the current price of US$4.77. … In the last twelve months Maxar Technologies insiders were buying shares, but not selling

Simply Wall St - –

Do Institutions Own Shares In Maxar Technologies Inc. (NYSE:MAXR)?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … We also tend to see lower insider ownership in companies that were previously publicly owned. … Maxar Technologies is a smaller company with a market capitalization of US$271m, so it may still be flying under the radar of many institutional investors.

Simply Wall St - –

Is Maxar Technologies Ltd.'s (NYSE:MAXR) CEO Pay Justified?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Howard Lance's Compensation Compare With Similar Sized Companies. … has a market cap of US$693m, and is paying total annual CEO compensation of US$8.7m.

Simply Wall St - –

Company Info

Description

Maxar Technologies Inc. provides space technology solutions for commercial and government customers worldwide. The company operates through three segments: Space Systems, Imagery, and Services. The Space Systems segment supplies space and ground based infrastructure and information solutions, including communication and imaging satellites, satellite payloads and antenna subsystems, space-based and airborne surveillance solutions, and robotic systems and associated ground infrastructure and support services for communications and surveillance and intelligence applications. This segment also offers spacecraft and subsystems to the U.S. and Canadian government, and other customers for scientific research and development missions, as well as robotic systems for the space and terrestrial markets. It serves government agencies, satellite operators, and satellite manufacturers. The Imagery segment supplies Earth imagery and radar data solutions for the U.S., Canadian, and other international government agencies, such as defense and intelligence, and civil agencies, as well as commercial customers in various markets. The Services segment provides geospatial information, applications, and analytic services for the U.S. government, as well as for other international governments for intelligence, global development organizations, and commercial customers. The company was founded in 1969 and is based in Westminster, Colorado.

Details
Name: Maxar Technologies Inc.
MAXR
Exchange: NYSE
Founded: 1969
$281,811,129
59,579,520
Website: http://www.maxar.com
Address: Maxar Technologies Inc.
1300 West 120th Avenue,
Westminster,
Colorado, 80234,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MAXR New Common Shares New York Stock Exchange US USD 11. Jul 2000
DB 2JD New Common Shares Deutsche Boerse AG DE EUR 11. Jul 2000
TSX MAXR New Common Shares The Toronto Stock Exchange CA CAD 11. Jul 2000
Number of employees
Current staff
Staff numbers
6,100
Maxar Technologies employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/17 01:20
End of day share price update: 2019/04/16 00:00
Last estimates confirmation: 2019/03/21
Last earnings filing: 2019/03/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.

Related Companies

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