Maxar Technologies
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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.
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- Maxar Technologies has significant price volatility in the past 3 months.
MAXR Share Price and Events
7 Day Returns
1 Year Returns
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.
Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Maxar Technologies.
| 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.
| 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.
| 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 |
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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?
| 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 |
| 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.
Value checks
We assess Maxar Technologies's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Maxar Technologies's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
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 US Aerospace & Defense industry average as it is not currently profitable.
Earnings and Revenue History
All data from Maxar Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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.
Past performance checks
We assess Maxar Technologies's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Maxar Technologies Company Filings, last reported 3 months ago.
| 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.
Financial health checks
We assess Maxar Technologies's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Maxar Technologies has a total score of 0/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
$2,000 of
Maxar Technologies
shares you are expected to receive
$347
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| 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 |
| 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.
Income/ dividend checks
We assess Maxar Technologies's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The average tenure for the Maxar Technologies management team is less than 2 years, this suggests a new team.
Management Team
Howard Lance
President
$9M
62
2.7 yrs
Andrea Bortner
Senior VP & Chief Human Resources Officer
$2M
56
Anil Wirasekara
Executive Vice President
$3M
61
0.4 yrs
Bruce Stephenson
Senior VP and Chief Strategy & Corporate Development Officer
$2M
Dario Zamarian
Group President of SSL
$4M
54
1.6 yrs
Biggs Porter
CFO & Executive VP
64
0.4 yrs
Jose Torres
Senior VP & Chief Accounting Officer
43
1 yrs
Walter Scott
Executive VP & CTO
60
1.3 yrs
Jeff Robertson
Senior VP
Jason Gursky
Vice President of Investor Relations
1.2 yrs
Board of Directors Tenure
Average tenure and age of the Maxar Technologies board of directors in years:
- 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
Chairman of the Board
$38K
76
0.1 yrs
Howard Lance
President
$9M
62
2.7 yrs
Brian Kenning
Vice Chairman
$160K
69
Dennis Chookaszian
Independent Director
$195K
74
13.5 yrs
Eric Zahler
Independent Director
$20K
67
4.7 yrs
Lori Garver
Independent Director
$180K
57
3.5 yrs
Nick Cyprus
Director
$38K
64
1.5 yrs
Bob Phillips
Director
$260K
67
15.3 yrs
Bill McCombe
$2M
60
0.9 yrs
Joan Isham
Independent Director
$160K
62
2.2 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Maxar Technologies insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
Management checks
We assess Maxar Technologies's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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
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 - – Full articleCompany 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
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.
