MDA Space Ltd.

MDA Space Ltd.

MDA · NYSE · Industrials / Aerospace & Defense

28.89USD-0.27 (-0.93%)

Price History

Full chart

Market Stats

Previous Close29.16
Open29.20
Day Range27.66 – 29.53
52-Week Range23.23 – 49.37
Volume397.91K
Market Cap5.11B
P/E (TTM)56.23
Forward P/E24.57
EPS0.56
Dividend Yield0.00%
Beta0.20
50-Day Avg31.06
200-Day Avg33.70

About

MDA Space Ltd. provides space technology solutions and services in Canada, the United States, Europe, Asia, the Middle East, and internationally. It offers satellite communications solutions, such as space-based broadband Internet, direct-to-device satellite communication, and IoT connectivity; MDA AURORA, a software-defined digital satellite product line; and autonomous robotics systems and services used to operate in space and on the surfaces of the Moon and Mars. The company also provides robotic systems, robotic interfaces, tooling, robotic ground control stations, and operations services; electro-optic and light detection and ranging sensors, vision and targeting systems, guidance, navigation, and control subsystems and planetary rover locomotion subsystems; MDA SKYMAKER, a suite of scalable and modular space robotics; and Canadarm3, a robotics system. In addition, it offers satellite-generated imagery and data to deliver critical and value-added insights for end users, such as national security, climate change monitoring, and maritime surveillance; collection, processing, and dissemination of Earth imagery data from space; defense command, control, communications, computers, intelligence, surveillance, and reconnaissance solutions, including command and control systems and airborne surveillance solutions; aeronautical navigation information solutions; and long endurance uncrewed aerial vehicle surveillance services. Further, operates as an owner and operator of the RADARSAT-2 Earth observation satellite; and is involved in the operation of MDA CHORUS, an Earth observation mission. It serves governments and space agencies, commercial space companies, and defense and aerospace prime contractors in the space industry. The company was formerly known as MDA Ltd. and changed its name to MDA Space Ltd. in May 2024. MDA Space Ltd. was incorporated in 1969 and is headquartered in Brampton, Canada.

Company Details

  • SectorIndustrials
  • IndustryAerospace & Defense
  • CEOMr. Michael Greenley M.sc. Pmp
  • Employees4.00K
  • Headquarters7500 Financial Drive, Brampton, ON, Canada, L6Y 6K7, USA
  • Websitehttps://mda.space

Leadership

  • Mr. Michael Greenley M.sc. PmpCEO & Director · b. 1967
  • Mr. Guillaume LavoieChief Financial Officer
  • Ms. Stephanie McDonaldChief People, Culture & Transformation Officer
  • Dr. Minda Marie SuchanSenior Vice President of Geointelligence
  • Mr. Luigi PozzebonSenior Vice President of Satellite Systems
  • Mr. Cameron OwerChief Technology Officer
  • Jim FlorosVice President of Investor Relations
  • Mr. David SnarchVP, General Counsel & Corporate Secretary
  • Ms. Amy MacLeodVice President of Corporate Communications
  • Mr. Ian McLeodVice President of Corporate Development

Financials

Income Statement

Currency: CAD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue232.03M377.04M473.01M609.33M750.56M1.19B
Growth (%)-+62.50%+25.46%+28.82%+23.18%+58.45%
Cost of Revenue205.49M288.89M343.25M460.32M587.47M952.56M
Gross Profit26.53M88.15M129.76M149.01M163.09M236.74M
Gross Margin11.43%23.38%27.43%24.46%21.73%19.91%
Operating Expense58.24M93.69M114.93M114.91M118.27M154.16M
Operating Income-31.71M-5.53M14.83M34.10M44.82M82.58M
Operating Margin-13.67%-1.47%3.13%5.60%5.97%6.94%
EBITDA14.05M77.24M62.70M91.82M130.43M193.41M
EBITDA Margin6.06%20.49%13.26%15.07%17.38%16.26%
Net Income-13.58M2.29M19.40M36.82M55.18M79.01M
Net Income Margin-5.85%0.61%4.10%6.04%7.35%6.64%
R&D14.91M36.92M64.40M54.02M55.04M60.08M
R&D as % of Total Revenue6.43%9.79%13.62%8.87%7.33%5.05%
Interest Expense23.08M25.46M21.47M6.49M19.46M12.38M
Interest Expense % of Total Revenue9.95%6.75%4.54%1.06%2.59%1.04%

Balance Sheet

Currency: CAD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets1.14B1.21B1.29B1.63B1.81B2.44B
Total Liabilities783.20M452.93M553.42M827.69M987.80M1.46B
Total Equity359.03M760.32M738.14M803.32M817.20M986.71M
Cash61.70M66.09M28.99M16.98M115.84M110.69M
Total Debt455.42M126.81M185.83M396.11M95.06M299.36M
Net Debt393.72M60.72M156.84M379.14M-20.78M188.68M

Cash Flow

Currency: CAD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow44.27M57.00M42.05M10.19M564.75M296.74M
Investing Cash Flow-792.23M-78.11M-132.86M-164.18M-157.74M-447.55M
Financing Cash Flow811.22M24.19M58.13M141.39M-303.05M142.95M
Capital Expenditure2.20M41.51M101.66M111.67M98.12M127.65M
Free Cash Flow42.07M15.50M-59.61M-101.48M466.63M169.09M
FCF to OCF95.04%27.18%-141.75%-996.30%82.63%56.98%

Earnings

Report DateAug 12, 2021Nov 12, 2021Mar 17, 2022May 11, 2022Aug 12, 2022Nov 11, 2022Mar 23, 2023May 12, 2023Aug 11, 2023Nov 8, 2023Feb 28, 2024May 9, 2024Aug 8, 2024Nov 15, 2024Mar 7, 2025May 8, 2025Aug 7, 2025Nov 14, 2025Mar 4, 2026May 7, 2026Aug 7, 2026Nov 6, 2026
EPS Estimate-------------------0.340.240.20
EPS Actual-0.000.020.000.05-0.060.110.050.100.060.060.080.080.070.170.140.180.150.140.140.380.26-
Surprise-------------------11.76%8.33%-
Timing-------------------Pre-marketPre-market-

Key Statistics & Ratios

Market Cap5.11B
Enterprise Value5.13B
Trailing P/E56.23
Forward P/E24.57
Price / Sales2.73
Price / Book3.80
EPS0.56
Book Value7.71
Revenue (TTM)1.87B
Gross Profit (TTM)535.60M
EBITDA213.90M
Profit Margin5.66%
Operating Margin6.14%
Return on Equity6.68%
Return on Assets2.75%
Shares Outstanding162.13M
Shares Float160.21M
Beta0.20
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Ownership Breakdown

Institutions
59.31%
Insiders
7.58%
Retail / Other
33.11%

Top Institutional Holders

  • Connor Clark & Lunn Inv Mgmt Ltd
    9.71M5.99%
  • RIMA MANAGEMENT, LLC
    4.76M2.94%
  • FMR Inc
    3.88M2.39%
  • Guardian Capital Inc
    3.56M2.20%
  • Vanguard Capital Management, LLC
    3.51M2.17%
  • Royal Bank of Canada
    3.44M2.12%
  • Capital Research & Mgmt Co - Division 3
    3.38M2.08%
  • Federation des caisses Desjardins du Quebec
    2.70M1.67%
  • Mackenzie Investments
    2.69M1.66%
  • Gilder Gagnon Howe & CO LLC
    1.93M1.19%
  • Beutel, Goodman & Company Ltd.
    1.93M1.19%
  • BMO Capital Markets Corp.
    1.86M1.15%
  • Van Eck Associates Corporation
    1.82M1.12%
  • Capital World Investors
    1.77M1.09%

Top Fund Holders

  • American Funds SMALLCAP World A
    5.01M3.97%
  • VanEck Space Innovators ETF A USD Acc
    3.26M2.58%
  • Fidelity Canadian Growth Company Sr B
    2.39M1.89%
  • Vanguard Total Intl Stock Index Inv
    2.31M1.82%
  • Vanguard Developed Markets Index Admiral
    1.54M1.22%
  • Tema Space Innovators ETF
    1.41M1.12%