TSE:MAL
Magellan Aerospace (MAL.TO)
Financials 
Technical Analysis 
Jun 5, 2026, 12:00 amThis summary was created by AI, based on 9 opinions in the last 12 months.
Magellan Aerospace (MAL-T) has received strong endorsements from analysts as a top pick due to its robust growth potential in the defense and aerospace sectors. The company's earnings reports indicate significant increases in cash reserves and a successful strategy of debt retirement and share buybacks. With over 30% of its revenue tied to defense spending, and a promising backlog of orders, particularly amid rising military expenditures, the outlook is positive. Analysts note the strong insider ownership, which presents opportunities while limiting institutional interest. Valuations suggest the stock remains competitive in terms of earnings, making it one of the cheapest options in the North American aerospace sector.
High insider ownership, so company is relatively undiscovered. One investor owns more than 50% of the company -- so it doesn't screen well for institutional investors. Business is booming.
Defense (~30% of its business, and he anticipates 45-50% in future) and aerospace. Good backlog. Seeing record requests for proposals, especially on defense. Huge operating leverage to get higher margins, which will increase FCF. One of the cheapest in the sector within NA. Yield is 0.83%.
Andrey Omelchak;fill-opacity:1;'/%3e%3cpath%20d='M31%2018.6001V30H8V18.6001L14.1334%2022.4334L19.4999%2014L24.8669%2022.4334L31%2018.6001Z'%20fill='%23EE5432'%20style='fill:%23EE5432;fill:color(display-p3%200.9340%200.3310%200.1956);fill-opacity:1;'/%3e%3c/svg%3e){kind=small}
Premium contentWe reiterate MAL as a TOP PICK. Recently reported earnings demonstrated growing cash reserves, while debt was retired and shares bought back. Purchasers of their airplane components have large backlog orders from 2025 leftover and spending on defense aviation is expected to grow. We recommend trailing up the stop (from $18) to $20, looking to achieve $29 -- upside potential of 20%. Yield 0.8%
(Analysts’ price target is $28.00)Premium contentWe reiterate MAL as a TOP PICK. As a Canadian based aerospace developer the recent Federal government military spending plans will be positive. It trades at 25x earnings and under 2x book. Latest reported cash reserves are growing, while debt is retired and shares bought back. We continue to recommend a stop at $18.00, looking to achieve $25.50 -- upside potential over 15%. Yield 0.9%
(Analysts’ price target is $24.00)Premium contentPremium contentWe reiterate MAL, the Canadian based aerospace company with global market reach as a TOP PICK. Just over one-third of revenue is derived from defense spending. They are providing key engine components for South Korea and are involved with the Gripen fighter that Canadian is considering for purchase. It trades at 27x earnings and 1.3x book. Previously reported earnings showed good cash reserve growth, while they retired debt and bought back shares. We recommend trailing up the stop (from $13.00) to $15.50, looking to achieve $22.00 -- upside potential of 23%. Yield 1.1%
(Analysts’ price target is $22.00)Premium contentWe reiterate MAL as a TOP PICK. Recently reported earnings showed a 17% increase in EPS and a 25% increase in gross profits. The aerospace parts maker relies on the US for less than 25% of its revenues with the balance primarily in Canada and the rest in Europe (military/defense accounts for about a third of revenues). It trades at 24x earnings and 1.1x book. Cash reserves are growing, as debt is retired and shares bought back. We continue to recommend a stop at $13, looking to achieve $21 -- upside potential over 30%. Yield 0%
(Analysts’ price target is $21.00)Premium contentThis Canadian aerospace manufacturing company has formed broad agreements recently with India and Korea. Recently reported earnings showed a 70% increase in quarterly income, allowing cash reserves to grow while debt was retired and shares bought back. It trades at 24x earnings and 1.2x book. Its dividend is backed by a payout ratio under 20% of cash flow. We recommend setting a stop-loss at $13, looking to achieve $21 -- upside over 22%. Yield 1.1%
(Analysts’ price target is $21.00)The stock is cheap, and acting better. The sector (in the US, mostly) has been seeing some good numbers recently. It hit a 52-week high this week. We think it can be held, and >$10 is possible, even $12 under good conditions. $16 we think would be a stretch.
Unlock Premium - Try 5i Free
EPS of 11c beat estimates of 10c; Revenue of $235.2M missed estimates by 2.6%. EBITDA of $21.69M missed estimates by 10%. Revenue rose 5.3%. EPS rose from 7c in the prior period. EBITDA rose 17%. Canada revenue declined, but US revenue rose more than 20% on volume increases for fighter and wide-bodied aircraft. Strong growth is expected in 2024 overall. We would consider the quarter, OK, but not great. The stock remains cheap, but unexcitng.
Unlock Premium - Try 5i Free
Peter ImhofPeter Imhof
'%20fill='%23ffffff'%3e%3cg%20id='Pager'%20transform='translate(423.000000,%201755.000000)'%3e%3cpath%20d='M243.295367,17.286474%20C243.68919,16.9045087%20244.327703,16.9045087%20244.721525,17.286474%20L249,21.4361302%20L253.278475,17.286474%20C253.672297,16.9045087%20254.31081,16.9045087%20254.704633,17.286474%20C255.098456,17.6684393%20255.098456,18.2877274%20254.704633,18.6696927%20L249.35654,23.856763%20C249.159628,24.0477457%20248.840372,24.0477457%20248.64346,23.856763%20L243.295367,18.6696927%20C242.901544,18.2877274%20242.901544,17.6684393%20243.295367,17.286474%20Z'%20id='Path'%20transform='translate(249.000000,%2020.500000)%20rotate(-90.000000)%20translate(-249.000000,%20-20.500000)%20'%3e%3c/path%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/svg%3e)
Magellan Aerospace (MAL.TO) Frequently Asked Questions
What is Magellan Aerospace stock symbol?
Magellan Aerospace is a Canadian stock, trading under the symbol MAL.TO (previously MAL-T on Stockchase) on the Toronto Stock Exchange (MAL-CT). It is usually referred to as TSX:MAL or MAL.TO
Is Magellan Aerospace a buy or a sell?
In the last year, 3 stock analysts published opinions about MAL.TO (previously MAL-T on Stockchase). 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Magellan Aerospace.
Is Magellan Aerospace a good investment or a top pick?
Magellan Aerospace was recommended as a Top Pick by James Hodgins on 2019-01-14. Read the latest stock experts ratings for Magellan Aerospace.
Why is Magellan Aerospace stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for help on deciding if you should buy, sell or hold the stock.
Is Magellan Aerospace worth watching?
3 stock analysts on Stockchase covered Magellan Aerospace in the last year. It is a trending stock that is worth watching.
What is Magellan Aerospace stock price?
On 2026-06-05, Magellan Aerospace (MAL.TO) stock closed at a price of $31.96.
Our PAST TOP PICK with MAL has achieved its target at $29. To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $20) to $22.