NYSE:MAXR

Stock Analysis Report

Executive Summary

Maxar Technologies Inc. provides earth intelligence and space infrastructure solutions in the United States, Asia, South America, Europe, the Middle East, Australia, Canada, and internationally.


Snowflake Analysis

Undervalued with questionable track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: MAXR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

15.9%

MAXR

13.6%

US Aerospace & Defense

7.2%

US Market


1 Year Return

144.8%

MAXR

-10.0%

US Aerospace & Defense

-10.4%

US Market

Return vs Industry: MAXR exceeded the US Aerospace & Defense industry which returned -10% over the past year.

Return vs Market: MAXR exceeded the US Market which returned -10.4% over the past year.


Shareholder returns

MAXRIndustryMarket
7 Day15.9%13.6%7.2%
30 Day-28.5%-16.8%-12.6%
90 Day-30.6%-23.5%-19.4%
1 Year145.9%144.8%-8.4%-10.0%-8.5%-10.4%
3 Year-77.6%-79.0%10.3%4.5%15.8%8.3%
5 Year-84.8%-86.2%40.8%27.6%35.8%21.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Maxar Technologies undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MAXR ($10.87) is trading below our estimate of fair value ($25.12)

Significantly Below Fair Value: MAXR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MAXR is good value based on its PE Ratio (7.8x) compared to the Aerospace & Defense industry average (15.2x).

PE vs Market: MAXR is good value based on its PE Ratio (7.8x) compared to the US market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: MAXR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: MAXR is good value based on its PB Ratio (0.9x) compared to the US Aerospace & Defense industry average (1.8x).


Next Steps

Future Growth

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

-42.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAXR's earnings are forecast to decline over the next 3 years (-42.3% per year).

Earnings vs Market: MAXR's earnings are forecast to decline over the next 3 years (-42.3% per year).

High Growth Earnings: MAXR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MAXR's revenue (2.3% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: MAXR's revenue (2.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MAXR's Return on Equity is forecast to be low in 3 years time (8.5%).


Next Steps

Past Performance

How has Maxar Technologies performed over the past 5 years?

-69.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MAXR has a large one-off gain of $281.0M impacting its December 31 2019 financial results.

Growing Profit Margin: MAXR became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MAXR has become profitable over the past 5 years, growing earnings by -69.6% per year.

Accelerating Growth: MAXR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MAXR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (3.8%).


Return on Equity

High ROE: MAXR's Return on Equity (10.9%) is considered low.


Next Steps

Financial Health

How is Maxar Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: MAXR's short term assets ($1.3B) exceed its short term liabilities ($996.0M).

Long Term Liabilities: MAXR's short term assets ($1.3B) do not cover its long term liabilities ($3.4B).


Debt to Equity History and Analysis

Debt Level: MAXR's debt to equity ratio (394.6%) is considered high.

Reducing Debt: MAXR's debt to equity ratio has increased from 93% to 394.6% over the past 5 years.


Balance Sheet

Inventory Level: MAXR has a low level of unsold assets or inventory.

Debt Coverage by Assets: MAXR's debt is not covered by short term assets (assets are 0.4x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MAXR is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: MAXR is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

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

0.37%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MAXR's dividend (0.37%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.95%).

High Dividend: MAXR's dividend (0.37%) is low compared to the top 25% of dividend payers in the US market (5.4%).


Stability and Growth of Payments

Stable Dividend: MAXR is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: MAXR is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: MAXR is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MAXR's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.1yrs

Average management tenure


CEO

Dan Jablonsky (49yo)

1.17s

Tenure

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 Digit ...


Leadership Team

NamePositionTenureCompensationOwnership
Biggs Porter
CFO & Executive VP1.58yrsUS$2.10m0.038% $251.3k
Mike Greenley
Group President of MDA2.17yrsUS$1.73m0.023% $152.4k
Daniel Jablonsky
President1.17yrsno data0.12% $778.4k
E. Robertson
Senior VP of Operations & COO1yrno data0.022% $146.4k
Carolyn Pittman
Senior VP0.67yrno datano data
Walter Scott
Executive VP & CTO2.42yrsno data0.18% $1.2m
Jason Gursky
Vice President of Investor Relations2.25yrsno datano data
James Lee
Senior VP0.83yrno data0.00090% $5.9k
Nancy Coleman
Senior VP of Marketing & Communications0.83yrno datano data
Randall Lynch
Senior VP of Finance1yrno datano data

1.1yrs

Average Tenure

52yo

Average Age

Experienced Management: MAXR's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Daniel Jablonsky
President1.17yrsno data0.12% $778.4k
Eric Zahler
Independent Director5.83yrsUS$125.76k0.010% $65.2k
Roxanne Decyk
Independent Director0.83yrno datano data
Howell Estes
Independent Chairman of the Board1.17yrsUS$140.64k0.065% $426.7k
Robert Phillips
Independent Director16.42yrsUS$170.94k0.016% $102.4k
Nicholas Cyprus
Independent Director2.67yrsUS$154.05k0.033% $216.4k
Joanne Isham
Independent Director3.25yrsUS$142.45k0.0017% $10.8k
Eddie Zervigon
Director0.42yrno data0.013% $83.4k
L. Mason
Independent Director2.67yrsUS$140.64k0.013% $85.1k
Claude Kehler
Independent Director3.25yrsUS$162.45k0.0017% $10.8k

2.7yrs

Average Tenure

65.5yo

Average Age

Experienced Board: MAXR's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MAXR insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.6%.


Top Shareholders

Company Information

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


Key Information

  • Name: Maxar Technologies Inc.
  • Ticker: MAXR
  • Exchange: NYSE
  • Founded: 1969
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: US$652.872m
  • Shares outstanding: 60.06m
  • Website: https://www.maxar.com

Number of Employees


Location

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

Listings

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

Biography

Maxar Technologies Inc. provides earth intelligence and space infrastructure solutions in the United States, Asia, South America, Europe, the Middle East, Australia, Canada, and internationally. It operates through Earth Intelligence and Space Infrastructure segments. The Earth Intelligence segment offers Earth imagery and radar data solutions, including orthorectified imagery, mosaic, elevation, and information products; and SecureWatch, a subscription offering that provides online access to imagery and geospatial intelligence platform, as well as geospatial information, applications, and analytic services. This segment serves to 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 Space Infrastructure segment provides space and ground based infrastructure, robotics, components, and information solutions, including communication and imaging satellites and payloads; space platforms for power, propulsion, and communication; satellite ground systems and support services; space-based and airborne remote sensory solutions; space robotics; and defense systems. This segment serves government agencies and commercial satellite operators. Maxar Technologies Inc. was founded in 1969 and is headquartered in Westminster, Colorado. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 04:17
End of Day Share Price2020/03/30 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.