TSE:MAL

12.96
0.11 (0.86%) 1d
0

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Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

Magellan Aerospace (MAL-T) is considered a cheap stock with the potential for growth, having recently reached a 52-week high. In the latest financial quarter, the company reported an EPS of 11 cents, surpassing estimates of 10 cents, while revenues of $235.2 million fell slightly short of expectations, marking a 5.3% increase year-over-year. The EBITDA increased by 17%, although it also missed estimates. Notably, while Canadian revenue saw a decline, US revenue surged by over 20%, driven by increased volumes in fighter and wide-bodied aircraft. Overall, while the current quarter's performance can be characterized as acceptable, optimism remains for future growth in 2024, making the stock an intriguing option despite the lack of excitement surrounding it.

Consensus
Hold
Valuation
Undervalued
Similar
Aero, AER
HOLD
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

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. 
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HOLD
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Researc

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. 
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PARTIAL BUY
Good exposure to aerospace and the owns it. He would not be selling here. Not a ton of growth and there are some headwinds in the market right now. Murray Edwards owns about 75% of this. The multiples are so low, he would not shy away from buying it at these prices.
HOLD
Trades at a cheap 10x earnings. Problem is this stock is very illiquid. The biggest shareholder owns 70% (Murray Edwards of CNQ-T). He's accumulated shares over the years. If the Boeing Max 737 comes back, it will boost this stock. The dividend is minimal. A safe stock in the aerospace sector. He sells around $18, trading it around, but it's still a big position for him.
DON'T BUY
A yield of about 2%, 15% payout and it ranks well in his model. Analysts suggest a 24% upside. But the earnings outlook is modest. Their PEG ratio suggests they are expensive.
COMMENT
Not his favourite in this space, though he follows it. because it's a Canadian company selling into U.S. aerospace, it could suffer American protectionism. He prefers HRX, though they're both good companies.
PAST TOP PICK

(A Top Pick Feb 28/17. Up 17.83%.) A very low multiple stock. Trades at around 11.5-12×2018 earnings. Part of the reason is that there is not much liquidity with the company. All the other companies in this space trade at around 18X earnings. There is a good chance this company may eventually get taken out. He is going to continue to hold.

HOLD

He really likes this company. The multiple is very low. When he recommended it in the past, it was about 10X earnings. You only have to get a couple of multiple readings above that to get a much, much higher stock price. Last quarter wasn’t great, but thinks the cash flow generation is still there. The problem is that it is very illiquid, so for individuals it is a good one to own, but for institutions it is difficult.

TOP PICK

Manufactures components for Airbus and Boeing. Trading at 11X trailing earnings and 10X forward earnings. They’ve done an incredible job. At some point, maybe they buy something, and then they can add some liquidity. A good balance sheet. They’ve grown the earnings at 24% over the last few years. Dividend yield of 1.5%. (Analysts’ price target is $23.25.)

BUY

Has always had nice contracts with Boeing and Airbus. It has been a long horizon for them to get to the stage to finally enjoy some of these great contracts. As long as the aerospace business continues to do well, and he thinks it will, the company will do well. This is one you probably should think about owning.

BUY

A real Canadian success story. Manufacturers landing gears. Doesn’t have a lot of customers to sell its products to, but has an entrenched relationship. Over time he expects we will see more air travel, especially coming out of Asia. An interesting way to play that.

PAST TOP PICK

(A Top Pick Nov 12/14. Up 20.99%.) There has been tremendous growth in the airline business. A wonderful Canadian story. Thinks it is going to be a continuing growth story going forward.

PAST TOP PICK

(A Top Pick Nov 12/14. Up 27.78%.) The drop in energy prices has certainly helped this company. You are probably better off owning an airline manufacturer rather than an airline itself. This makes all kinds of airline components.

COMMENT

Like others in the aerospace parts manufacturers, it is in a pretty good space because the number of plane orders is going up and you are going to see continued growth in revenue streams. It has really gone sideways for most of last year. There doesn’t seem to be any signs of a roll over yet.

TOP PICK

This is a classic Canadian exporter. They were hurt really hard when the Cdn$ was at $1.07. Since that time their margins have lifted and expanded nicely. Revenues have grown. Aerospace backlogs go out another 5 years. Trading at 10X earnings. Yield of 1.64%.

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Magellan Aerospa(MAL-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for Magellan Aerospa is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Magellan Aerospa(MAL-T) Frequently Asked Questions

What is Magellan Aerospa stock symbol?

Magellan Aerospa is a Canadian stock, trading under the symbol MAL-T on the Toronto Stock Exchange (MAL-CT). It is usually referred to as TSX:MAL or MAL-T

Is Magellan Aerospa a buy or a sell?

In the last year, 2 stock analysts published opinions about MAL-T. 0 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 Aerospa.

Is Magellan Aerospa a good investment or a top pick?

Magellan Aerospa was recommended as a Top Pick by on . Read the latest stock experts ratings for Magellan Aerospa.

Why is Magellan Aerospa 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 Aerospa worth watching?

2 stock analysts on Stockchase covered Magellan Aerospa In the last year. It is a trending stock that is worth watching.

What is Magellan Aerospa stock price?

On 2025-04-01, Magellan Aerospa (MAL-T) stock closed at a price of $12.96.