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MDA Ltd. (MDA.TO)

CAD47.42 +2.74 (+6.13%)
CA TSX Industrials Aerospace & Defense
Address 9445 Airport Road L6S 4J3
Brampton, ON, CA
CEO Michael Greenley Pmp
Website mda.space
IPO 2021-04-07
ISIN CA55293N1096

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Also trades on New York Stock Exchange · MDA (USD) Other OTC · MDALF (USD) Toronto Stock Exchange · MDA.TO (CAD)
Description

MDA Ltd., a global technology firm headquartered in Brampton, Canada, specializes in the design, manufacturing, and maintenance of advanced space robotics, satellite systems and their components, and intelligence platforms. The company's operations extend across Canada, the United States, Europe, Asia, the Middle East, and other international markets, offering a broad spectrum of solutions. Through its geointelligence segment, MDA delivers crucial insights derived from satellite imagery and analytical services, supporting critical domains like national security, climate change monitoring, and maritime surveillance. In the field of robotics and space operations, the company facilitates human exploration by providing autonomous robotics and vision sensors deployed in Earth orbit, on the Moon, and on Mars. Additionally, MDA supplies satellite systems and spacecraft, enabling essential space-based services, including high-speed broadband internet connectivity through low Earth orbit satellite constellations. The company also offers dedicated products and services for defense intelligence systems. Its diverse client base includes government agencies, prime contractors, and various organizations within the space industry. Founded in 1969, the company was formerly known as Neptune Acquisition Holdings Inc. before officially rebranding to MDA Ltd. in March 2021.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD47.42 +2.74 (+6.13%)
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Volume Profile
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Liquidity & share structure
Average Volume
1M
Beta
0.23
Float Shares
136.72M
Free Float %
98.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.02% +13.73% +20.79% +52.37% +127.16% +92.12% +104.88% +635.34% +235.61% +251.75% +251.75%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (1 ratings, all time) Buy
Price Targets & DCF
Current price
47.42
DCF (Levered) 390.33 +723.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 7 0
Buy 4 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.77
Grey zone
Piotroski F-Score
6 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Aerospace & Defense: +15.4%
    +51.2% Q1'26: +32.2% (vs Q1'25)
  • EPS growth Aerospace & Defense: +32.2%
    +33.3% Q1'26: -15.4% (vs Q1'25)
  • FCF margin FCF growth · Aerospace & Defense: +45.0%
    +15.4% Q1'26: -1.4% (vs Q1'25)
  • EBIT margin Aerospace & Defense: +9.2%
    +6.9% Q1'26: +7.0% (vs Q1'25)
  • ROIC Aerospace & Defense: +6.2%
    +7.0% Q1'26: +6.8% (vs Q1'25)
  • Share dilution Aerospace & Defense: +0.0%
    +2.9% Q1'26: +4.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Aerospace & Defense: 0.16×
    1.62× Q1'26: 1.21× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.12) × ERP
WACC = 94% × Ke + 6% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 47.42
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
11 Rev. Ana.
8 EPS Ana.
Dec 2027
11 Rev. Ana.
8 EPS Ana.
Dec 2028
9 Rev. Ana.
4 EPS Ana.
Dec 2029
4 Rev. Ana.
2 EPS Ana.
Dec 2030
4 Rev. Ana.
2 EPS Ana.
Revenue
476.90M
est: 487.67M (-2.2%)
641.20M
est: 635.83M (+0.8%)
807.60M
est: 860.80M (-6.2%)
1.08B
est: 1.06B (+2.4%)
1.63B
est: 1.60B (+1.8%)
1.83B
1.80B – 1.85B
+14.0% YoY
2.05B
2.00B – 2.16B
+11.9% YoY
2.24B
2.24B – 2.24B
+9.5% YoY
2.56B
2.51B – 2.65B
+14.4% YoY
2.86B
2.80B – 2.96B
+11.8% YoY
EBITDA
75.70M
est: 74.74M (+1.3%)
128.90M
est: 97.45M (+32.3%)
154.00M
est: 147.49M (+4.4%)
162.80M
est: 180.77M (-9.9%)
254.00M
est: 274.83M (-7.6%)
313.32M
307.76M – 316.70M
+14.0% YoY
350.61M
342.17M – 369.66M
+11.9% YoY
384.00M
383.83M – 384.17M
+9.5% YoY
439.11M
429.85M – 453.94M
+14.4% YoY
490.72M
480.37M – 507.29M
+11.8% YoY
EBIT
18.60M
est: 29.88M (-37.7%)
74.60M
est: 38.95M (+91.5%)
75.90M
est: 72.16M (+5.2%)
108.40M
est: 88.44M (+22.6%)
113.40M
est: 134.46M (-15.7%)
153.29M
150.56M – 154.94M
+14.0% YoY
171.53M
167.40M – 180.85M
+11.9% YoY
187.86M
187.78M – 187.95M
+9.5% YoY
214.83M
210.30M – 222.08M
+14.4% YoY
240.07M
235.01M – 248.18M
+11.8% YoY
Net Income
2.90M
est: 5.04M (-42.5%)
26.30M
est: 35.87M (-26.7%)
48.80M
est: 52.06M (-6.3%)
79.40M
est: 120.00M (-33.8%)
108.50M
est: 185.84M (-41.6%)
184.62M
167.35M – 201.89M
-0.7% YoY
203.19M
167.79M – 238.58M
+10.1% YoY
236.35M
204.90M – 267.79M
+16.3% YoY
282.77M
275.02M – 295.19M
+19.6% YoY
320.39M
311.61M – 334.45M
+13.3% YoY
SGA
71.80M
est: 61.21M (+17.3%)
68.50M
est: 79.81M (-14.2%)
80.70M
est: 89.64M (-10.0%)
91.00M
est: 109.86M (-17.2%)
129.20M
est: 167.03M (-22.6%)
190.42M
187.04M – 192.48M
+14.0% YoY
213.09M
207.96M – 224.67M
+11.9% YoY
233.38M
233.28M – 233.49M
+9.5% YoY
266.88M
261.25M – 275.89M
+14.4% YoY
298.24M
291.95M – 308.31M
+11.8% YoY
EPS
0.02
est: 0.04 (-39.0%)
0.22
est: 0.28 (-22.1%)
0.41
est: 0.40 (+3.0%)
0.66
est: 0.92 (-28.1%)
0.87
est: 1.42 (-38.8%)
1.47
1.29 – 1.56
+3.2% YoY
1.65
1.29 – 1.84
+12.5% YoY
1.82
1.58 – 2.06
+10.1% YoY
2.18
2.12 – 2.28
+19.9% YoY
2.47
2.40 – 2.58
+13.3% YoY
Recent Grade Changes (3M)
Date Firm Previous New Grade Action
2026-05-11 RBC Capital Outperform Outperform Maintain
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 A- 4/5 5/5 3/5 4/5 3/5 2/5 3/5
2026-05-07 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-06 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-05 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-04 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-01 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-04-30 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-04-29 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-04-28 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-04-27 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-04-24 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-04-23 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-04-22 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-04-21 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-04-20 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-04-17 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-04-16 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-04-15 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
235.70M
OE per share TTM
1.83
Owner's Yield
3.89%
Maintenance CapEx ratio
54.30%
Maint CapEx / Avg PPE
45.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
33.4K
Shares Outstanding
138.66M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Michael Greenley Pmp Chief Executive Officer & Director 2M male
Guillaume Lavoie Chief Financial Officer 1M male
Luigi Pozzebon Senior Vice President of Satellite Systems 952.1K male
Stephanie McDonald Chief People, Culture & Transformation Officer 892.3K female
Holly Johnson Senior Vice President of Robotics & Space Operations 711.4K female
Minda Marie Suchan Senior Vice President of Geointelligence 627.9K
Ian McLeod Vice President of Corporate Development male
Andrew Stanniland Managing Director of UK male
Cameron Ower Chief Technology Officer male
David Snarch Vice President, General Counsel & Corporate Secretary male
Amy MacLeod Vice President of Corporate Communications female
Jim Floros Vice President of Investor Relations
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits