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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.
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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(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.
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.
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.)
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.
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
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.
Magellan Aerospa was recommended as a Top Pick by on . Read the latest stock experts ratings for Magellan Aerospa.
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.
2 stock analysts on Stockchase covered Magellan Aerospa In the last year. It is a trending stock that is worth watching.
On 2025-04-01, Magellan Aerospa (MAL-T) stock closed at a price of $12.96.
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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