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Maxar Technologies

NYSE:MAXR
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MAXR
NYSE
$693M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

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 last earnings update was 76 days ago. More info.


Add to Portfolio Compare Print
  • Maxar Technologies has significant price volatility in the past 3 months.
MAXR Share Price and Events
7 Day Returns
3.6%
NYSE:MAXR
3.4%
US Aerospace & Defense
2.5%
US Market
1 Year Returns
-90.1%
NYSE:MAXR
-16.7%
US Aerospace & Defense
-7.7%
US Market
MAXR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Maxar Technologies (MAXR) 3.6% -49.8% -79.4% -90.1% -89.4% -91.5%
US Aerospace & Defense 3.4% -3.6% -14.9% -16.7% 38.5% 37.8%
US Market 2.5% 0.2% -6.4% -7.7% 37.9% 34%
1 Year Return vs Industry and Market
  • MAXR underperformed the Aerospace & Defense industry which returned -16.7% over the past year.
  • MAXR underperformed the Market in United States of America which returned -7.7% over the past year.
Price Volatility
MAXR
Industry
5yr Volatility vs Market
Related Companies

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 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 17.3%
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 7.3%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.84
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.839 (1 + (1- 21%) (462.54%))
3.905
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 * 7.27%)
17.27%

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 use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:MAXR DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 285.48 323.80 410.46 516.62 524.18
Source Analyst x2 Analyst x3 Analyst x2 Analyst x2 Analyst x2
Present Value
Discounted (@ 17.27%)
243.44 235.45 254.52 273.17 236.34
Present value of next 5 years cash flows $1,242.91
NYSE:MAXR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $524.18 × (1 + 2.73%) ÷ (17.27% – 2.73%)
$3,703.48
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $3,703.48 ÷ (1 + 17.27%)5
$1,669.84
NYSE:MAXR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $1,242.91 + $1,669.84
$2,912.75
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,912.75 / 59.17
$49.23
NYSE:MAXR Discount to Share Price
Calculation Result
Value per share (USD) From above. $49.23
Current discount Discount to share price of $6.25
= -1 x ($6.25 - $49.23) / $49.23
87.3%

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 $6.25 vs Future cash flow value of $49.23
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 (2018-09-30) in USD $-6.23
NYSE:MAXR Share Price ** NYSE (2019-01-14) in USD $6.25
United States of America Aerospace & Defense Industry PE Ratio Median Figure of 38 Publicly-Listed Aerospace & Defense Companies 20.13x
United States of America Market PE Ratio Median Figure of 3,018 Publicly-Listed Companies 16.85x

* 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)

= 6.25 ÷ -6.23

-1x

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 -1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
69.6%per year
United States of America Aerospace & Defense Industry PEG Ratio Median Figure of 32 Publicly-Listed Aerospace & Defense Companies 1.66x
United States of America Market PEG Ratio Median Figure of 2,101 Publicly-Listed Companies 1.23x

*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 (2018-09-30) in USD $28.88
NYSE:MAXR Share Price * NYSE (2019-01-14) in USD $6.25
United States of America Aerospace & Defense Industry PB Ratio Median Figure of 53 Publicly-Listed Aerospace & Defense Companies 2.43x
United States of America Market PB Ratio Median Figure of 5,086 Publicly-Listed Companies 1.73x
NYSE:MAXR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 6.25 ÷ 28.88

0.22x

* 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.
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 9 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
69.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Maxar Technologies expected to grow at an attractive rate?
  • Maxar Technologies's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Maxar Technologies's earnings growth is expected to exceed the United States of America market average.
  • Maxar Technologies's revenue growth is positive but not above 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 9 Analysts 69.6%
NYSE:MAXR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 0.8%
United States of America Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 11%
United States of America Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 6.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*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 9 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 2,401 607 156 1
2022-12-31 2,278 609 97 1
2021-12-31 2,023 552 37 2
2020-12-31 1,918 458 -48 5
2019-12-31 1,948 440 1 9
2018-12-31 2,094 381 -427 9
NYSE:MAXR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 2,190 424 -356
2018-06-30 2,019 340 89
2018-03-31 1,815 285 127
2017-12-31 1,631 206 100
2017-09-30 1,395 128 55
2017-06-30 1,487 76 78
2017-03-31 1,509 110 79
2016-12-31 1,558 130 106
2016-09-30 1,604 129 86
2016-06-30 1,637 171 98
2016-03-31 1,655 37 112
2015-12-31 1,526 97 103

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Maxar Technologies's earnings are expected to grow significantly at over 20% yearly.
  • Maxar Technologies's revenue is expected to grow by 0.8% yearly, however this is not considered high growth (20% yearly).
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 9 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 2.63 2.63 2.63 1.00
2022-12-31 1.65 1.65 1.65 1.00
2021-12-31 0.62 0.62 0.62 1.00
2020-12-31 0.69 0.69 0.69 1.00
2019-12-31 0.01 0.18 -0.16 2.00
2018-12-31 -7.61 -7.56 -7.65 3.00
NYSE:MAXR Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -6.23
2018-06-30 1.74
2018-03-31 2.75
2017-12-31 2.44
2017-09-30 1.52
2017-06-30 2.15
2017-03-31 2.18
2016-12-31 2.90
2016-09-30 2.38
2016-06-30 2.70
2016-03-31 3.09
2015-12-31 2.84

*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 3/6, 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
2018-09-30 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 1,631.20 100.40 67.10
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 1,557.50 105.60 24.20
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
2012-03-31 728.08 134.82 -11.03

*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
2018-09-30 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 2,013.60 3,067.30 19.90
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
2012-03-31 248.36 103.80 264.70
  • 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.
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
17.35%
Current annual income from Maxar Technologies dividends. Estimated to be 18.22% next year.
If you bought $2,000 of Maxar Technologies shares you are expected to receive $347 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 higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • Maxar Technologies's dividend is above the markets top 25% of dividend payers in United States of America (3.76%).
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 9 Analyst Estimates (S&P Global) See Below
United States of America Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 1.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1986 Stocks 2.7%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

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 1.13 1.00
2022-12-31 1.13 1.00
2021-12-31 1.13 1.00
2020-12-31 1.15 2.00
2019-12-31 1.15 2.00
2018-12-31 1.14 3.00
NYSE:MAXR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-10-31 1.084 7.744
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 2.042
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%).
  • Dividend payments have increased, but Maxar Technologies only paid a dividend in the past 7 years.
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 well covered by earnings (3.7x 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 0.9%) - 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 3/6, 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
Howard Lance
COMPENSATION $8,693,713
AGE 62
TENURE AS CEO 2.7 years
CEO Bio

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, Dettwiler and Associates Ltd. (now Maxar Technologies Ltd.) since May 16, 2016. He has been an Executive Chairman of the Board at Harris Information Technology Services Inc., a subsidiary of Harris Corporation since June 30, 2003. Since 2012, he served as an Executive Advisor at The Blackstone Group, Private Equity Group, with a focus on strategy, acquisitions, operations and organizational development of certain holdings. He served as the Chief Executive Officer and President of Harris Corporation from January 1, 2003 to October 31, 2011. He served as the Chief Executive Officer and President of Harris Information Technology Services Inc. since January 2003. He served as the President of Retail and Financial Group and Chief Operating Officer of Retail and Financial Group of NCR Corporation from July 9, 2001 to October 2002 and also served as its Chief Executive Officer of Retail and Financial Group since July 9, 2001. From 1984 to 2001, he spent 17 years with Emerson Electric Co., where he held senior management positions including Executive Vice President of its Electronics and Telecommunications segment, Chief Executive Officer and Director of its Astec electronics subsidiary in Hong Kong, Group Vice President of its Climate Technologies segment and President of its Copeland Refrigeration division. He served as the Chief Executive Officer of Astec (BSR) Plc. He served at Copeland for a total of 12 years and rose to the top position through a variety of sales, marketing and product service assignments. Earlier, he held sales and marketing assignments with the Scott-Fetzer Company and Caterpillar, Inc. where he began his career in an engineering co-op program. He has been the Chairman of Change Healthcare Holdings, Inc. since February 28, 2013. He has been the Chairman and Director of Summit Materials, LLC since October 2012. He has been the Chairman of the Board and Director of Summit Materials, Inc. since February 2013. He served as the Non Executive Chairman of Harris Corporation from November 1, 2011 to December 1, 2011 and served as its Executive Chairman from June 30, 2003 to October 31, 2011. He has been a Director of Harris Information Technology Services Inc. since January 20, 2003 and Change Healthcare Holdings, Inc. (Alternate Name: Emdeon Inc.) since November 28, 2012. He has been a Director of MacDonald, Dettwiler and Associates Ltd. since May 16, 2016. He serves as a Member of Board of Governors at Aerospace Industries Association. He served as an Independent Director at Ferrovial, S.A. since December 18, 2014 until April 14, 2016. He served as Director of Summit Materials Holdings L.P. He served as a Director/Trustee of Manufacturers Alliance for Productivity and Innovation, Inc., the Florida Council of 100, the United Way of Brevard County and the Florida Institute of Technology and the National Association of Manufacturers. He served as a Director of Harris Corporation from January 20, 2003 to December 31, 2011. He served as a Director of Enterprise Florida, Inc. He served as a Director of Stryker Corporation from April 29, 2009 to March 31, 2014. He served as a Director of Eastman Chemical Company from December 1, 2005 to May 2014, Harris Stratex Networks Inc., until May 27, 2009 and Aviat Networks, Inc. until May 27, 2009. He served as a Director of Astec (BSR) PLC. He was named "Best Chairman" in the 2006 American Business Awards competition. He was also recognized by the AeA (American Electronics Association) as its High-Tech Executive of the Year in Florida for 2005. Mr. Lance holds an M.S. in Management and MBA from the Krannert Graduate School of Management at Purdue University and a B.S. in Industrial Engineering from Bradley University.

CEO Compensation
  • Howard's compensation has increased whilst company is loss making.
  • Howard's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

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

1.2
Average Tenure
60
Average Age
  • The average tenure for the Maxar Technologies management team is less than 2 years, this suggests a new team.
Management Team

Howard Lance

TITLE
President
COMPENSATION
$9M
AGE
62
TENURE
2.7 yrs

Andrea Bortner

TITLE
Senior VP & Chief Human Resources Officer
COMPENSATION
$2M
AGE
56

Anil Wirasekara

TITLE
Executive Vice President
COMPENSATION
$3M
AGE
61
TENURE
0.4 yrs

Bruce Stephenson

TITLE
Senior VP and Chief Strategy & Corporate Development Officer
COMPENSATION
$2M

Dario Zamarian

TITLE
Group President of SSL
COMPENSATION
$4M
AGE
54
TENURE
1.6 yrs

Biggs Porter

TITLE
CFO & Executive VP
AGE
64
TENURE
0.4 yrs

Jose Torres

TITLE
Senior VP & Chief Accounting Officer
AGE
43
TENURE
1 yrs

Walter Scott

TITLE
Executive VP & CTO
AGE
60
TENURE
1.3 yrs

Jeff Robertson

TITLE
Senior VP

Jason Gursky

TITLE
Vice President of Investor Relations
TENURE
1.2 yrs
Board of Directors Tenure

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

2.7
Average Tenure
65.5
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
$38K
AGE
76
TENURE
0.1 yrs

Howard Lance

TITLE
President
COMPENSATION
$9M
AGE
62
TENURE
2.7 yrs

Brian Kenning

TITLE
Vice Chairman
COMPENSATION
$160K
AGE
69

Dennis Chookaszian

TITLE
Independent Director
COMPENSATION
$195K
AGE
74
TENURE
13.5 yrs

Eric Zahler

TITLE
Independent Director
COMPENSATION
$20K
AGE
67
TENURE
4.7 yrs

Lori Garver

TITLE
Independent Director
COMPENSATION
$180K
AGE
57
TENURE
3.5 yrs

Nick Cyprus

TITLE
Director
COMPENSATION
$38K
AGE
64
TENURE
1.5 yrs

Bob Phillips

TITLE
Director
COMPENSATION
$260K
AGE
67
TENURE
15.3 yrs

Bill McCombe

TITLE
COMPENSATION
$2M
AGE
60
TENURE
0.9 yrs

Joan Isham

TITLE
Independent Director
COMPENSATION
$160K
AGE
62
TENURE
2.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Maxar Technologies insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
26. Nov 18 Buy Howell Estes Individual 26. Nov 18 26. Nov 18 1,500 $16.24 $24,360
21. Nov 18 Buy Eric Zahler Individual 20. Nov 18 21. Nov 18 3,000 $16.30 $48,000
12. Nov 18 Buy Joanne Isham Individual 09. Nov 18 09. Nov 18 1,000 $18.19 $18,185
12. Nov 18 Buy Walter Scott Individual 09. Nov 18 09. Nov 18 5,600 $17.83 $99,820
12. Nov 18 Buy Brian Kenning Individual 09. Nov 18 09. Nov 18 2,000 $17.91 $35,810
09. Nov 18 Buy Lori Garver Individual 07. Nov 18 07. Nov 18 2,000 $17.55 $35,104
09. Nov 18 Buy Claude Kehler Individual 09. Nov 18 09. Nov 18 1,100 $18.81 $20,691
09. Nov 18 Buy L. Mason Individual 07. Nov 18 07. Nov 18 1,000 $16.48 $16,480
09. Nov 18 Buy Dario Zamarian Individual 07. Nov 18 07. Nov 18 5,717 $17.57 $100,448
09. Nov 18 Buy Biggs Porter Individual 07. Nov 18 07. Nov 18 15,000 $17.52 $262,800
09. Nov 18 Buy Howell Estes Individual 09. Nov 18 09. Nov 18 2,350 $17.34 $40,711
09. Nov 18 Buy Dennis Chookaszian Individual 09. Nov 18 09. Nov 18 20,000 $18.02 $360,406
09. Nov 18 Buy Leon Frazier Individual 09. Nov 18 09. Nov 18 1,002 $17.95 $17,986
08. Nov 18 Buy Michelle Kley Individual 07. Nov 18 07. Nov 18 1,800 $16.43 $29,574
08. Nov 18 Buy Nicholas Cyprus Individual 07. Nov 18 07. Nov 18 1,500 $18.18 $27,265
08. Nov 18 Buy Robert Phillips Individual 07. Nov 18 07. Nov 18 2,000 $16.99 $33,914
08. Nov 18 Buy Howard Lance Individual 07. Nov 18 07. Nov 18 57,600 $17.35 $999,550
16. Oct 18 Buy Dario Zamarian Individual 27. Feb 18 27. Feb 18 4,268 $36.20 $154,519
30. Aug 18 Buy Howell Estes Individual 24. Aug 18 24. Aug 18 1,500 $33.34 $50,010
17. Aug 18 Buy Walter Scott Individual 13. Aug 18 13. Aug 18 5,380 $37.18 $200,015
09. Aug 18 Buy Bruce Stephenson Individual 09. Aug 18 09. Aug 18 5,000 $37.45 $187,250
09. Aug 18 Buy Howard Lance Individual 07. Aug 18 08. Aug 18 18,725 $38.58 $692,781
03. Aug 18 Buy Howard Lance Individual 03. Aug 18 03. Aug 18 5,000 $45.97 $229,825
15. Mar 18 Buy Eric Zahler Individual 14. Mar 18 14. Mar 18 1,187 $36.00 $42,735
01. Mar 18 Buy Anil Wirasekara Individual 27. Feb 18 27. Feb 18 2,500 $47.05 $117,622
01. Mar 18 Buy Eric Zahler Individual 28. Feb 18 28. Feb 18 500 $46.07 $23,035
28. Feb 18 Buy Bruce Stephenson Individual 27. Feb 18 27. Feb 18 12,000 $48.18 $578,160
28. Feb 18 Buy Howell Estes Individual 27. Feb 18 27. Feb 18 500 $47.38 $23,690
28. Feb 18 Buy Howard Lance Individual 27. Feb 18 27. Feb 18 8,300 $47.02 $390,304
27. Feb 18 Buy Daniel Jablonsky Individual 27. Feb 18 27. Feb 18 750 $37.09 $27,815
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

External News
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Simply Wall St News

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

Map
Description

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 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, payloads and antenna subsystems, space-based and airborne surveillance solutions, and associated ground infrastructure and support services for communications and surveillance and intelligence applications. This segment also offers a range of services, such as television and radio distribution, broadband Internet, and mobile communications in the communications market; and spacecraft and subsystems for the U.S. government and other customers, as well as robotic systems for the space and terrestrial markets. It serves government agencies, communication satellite operators, and communication satellite manufacturers. The Imagery segment supplies integrated electro-optical and radar imagery products for the U.S., Canadian, and other international government agencies, such as defense and intelligence, as well as commercial customers in various markets. The Services segment provides geospatial products and services for the U.S. government, as well as for other international governments for intelligence, global development organizations, and commercial customers. The company was formerly known as MacDonald, Dettwiler and Associates Ltd. and changed its name to Maxar Technologies Ltd. in October 2017. Maxar Technologies Ltd. was founded in 1969 and is based in Westminster, Colorado.

Details
Name: Maxar Technologies Ltd.
MAXR
Exchange: NYSE
Founded: 1969
$693,433,466
59,166,678
Website: http://www.maxar.com
Address: Maxar Technologies Ltd.
1300 West 120th Avenue,
Westminster,
Colorado, 80234,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MAXR Common Shares New York Stock Exchange US USD 11. Jul 2000
DB 2JD Common Shares Deutsche Boerse AG DE EUR 11. Jul 2000
TSX MAXR Common Shares The Toronto Stock Exchange CA CAD 11. Jul 2000
Number of employees
Current staff
Staff numbers
6,400
Maxar Technologies employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/15 00:32
End of day share price update: 2019/01/14 00:00
Last estimates confirmation: 2019/01/02
Last earnings filing: 2018/10/31
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.