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TSE:MAL

Magellan Aerospace (MAL) Stock Price, News & Analysis

Magellan Aerospace logo
C$10.74 -0.08 (-0.74%)
(As of 11/22/2024 ET)

About Magellan Aerospace Stock (TSE:MAL)

Key Stats

Today's Range
C$10.30
C$10.82
50-Day Range
C$9.28
C$11.05
52-Week Range
C$7.28
C$11.05
Volume
10,400 shs
Average Volume
9,793 shs
Market Capitalization
C$613.68 million
P/E Ratio
35.80
Dividend Yield
0.93%
Price Target
C$18.00
Consensus Rating
Buy

Company Overview

Magellan Aerospace Corporation, through its subsidiaries, engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe. The company offers aero engine products, such as laser welded honeycomb and filament wound tubes, frames, compressor components, bypass ducts, hot section components, and aeroengine and helicopter drive shafts, as well as other flight safety critical machined components, including discs, seals, and spacers; and aerostructures comprising landing gear systems, wing ribs, spars and skins, bulkheads and fuselage components, tailcone assemblies, composite wing and fairing structures, horizontal and vertical stabilizers, plug and nozzle, exhaust systems, crown modules, and vane boxes and transition ducts. It also designs, engineers, and manufactures assemblies and components, such as stage rocket motors, solid propellant rocket motors, and rocket weapon systems; wire strike protection systems for helicopter safety; space solutions, including small satellite bus platforms and satellite subsystem equipment, as well as offers services for satellite assembly, integration, and testing; and aluminum and magnesium alloy sand castings, such as engine mounted accessory gearbox housings, helicopter power transmission housings, auxiliary power unit inlet and gearbox housings, engine front inlet and intermediate cases, engine front frames and fan cases, pump and accessory drive housings, and environmental control housings. In addition, the company offers maintenance, repair, and overhaul for various engine and components MRO, as well as lifecycle management services to logistics, fleet management, and engineering services. Magellan Aerospace Corporation was incorporated in 1996 and is headquartered in Mississauga, Canada.

Magellan Aerospace Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
72nd Percentile Overall Score

MAL MarketRank™: 

Magellan Aerospace scored higher than 72% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Magellan Aerospace has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Magellan Aerospace has only been the subject of 1 research reports in the past 90 days.

  • Read more about Magellan Aerospace's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Magellan Aerospace is 35.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.96.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Magellan Aerospace is 35.80, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 507.77.

  • Price to Earnings Growth Ratio

    Due to a projected decrease in earnings for Magellan Aerospace, their PEG ratio cannot be calculated.

  • Price to Book Value per Share Ratio

    Magellan Aerospace has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Magellan Aerospace's valuation and earnings.
  • Short Interest

    There is no current short interest data available for MAL.
  • Dividend Yield

    Magellan Aerospace pays a meaningful dividend of 1.06%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Magellan Aerospace does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Magellan Aerospace is 33.33%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Read more about Magellan Aerospace's dividend.
  • Short Interest

    There is no current short interest data available for MAL.
  • News Sentiment

    Magellan Aerospace has a news sentiment score of 0.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.44 average news sentiment score of Industrials companies.
  • Insider Buying vs. Insider Selling

    In the past three months, Magellan Aerospace insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    79.30% of the stock of Magellan Aerospace is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    Only 2.91% of the stock of Magellan Aerospace is held by institutions.

  • Read more about Magellan Aerospace's insider trading history.
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MAL Stock News Headlines

Magellan Aerospace Announces Strategic Business Developments
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See More Headlines

MAL Stock Analysis - Frequently Asked Questions

Magellan Aerospace's stock was trading at C$7.85 at the beginning of the year. Since then, MAL shares have increased by 36.8% and is now trading at C$10.74.
View the best growth stocks for 2024 here
.

Shares of MAL stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Magellan Aerospace investors own include Air Canada (AC), Suncor Energy (SU), Algonquin Power & Utilities (AQN), Meta Platforms (META), Magna International (MG), Tesla (TSLA) and BlackBerry (BB).

Company Calendar

Ex-Dividend for 9/30 Dividend
9/16/2024
Dividend Payable
9/30/2024
Today
11/23/2024
Ex-Dividend for 12/31 Dividend
12/17/2024
Dividend Payable
12/31/2024
Next Earnings (Estimated)
3/10/2025

Industry, Sector and Symbol

Industry
Aerospace & Defense
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
3,850
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$18.00
High Stock Price Target
C$18.00
Low Stock Price Target
C$18.00
Potential Upside/Downside
+67.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
C$17.16 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$914.74 million
Cash Flow
C$0.85 per share
Book Value
C$13.24 per share

Miscellaneous

Free Float
N/A
Market Cap
C$613.68 million
Optionable
Not Optionable
Beta
1.11
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This page (TSE:MAL) was last updated on 11/23/2024 by MarketBeat.com Staff
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