TSE:MAL
Magellan Aerospace (MAL.TO)
Financials 
Technical Analysis 
Sep 3, 2026, 12:00 amThis summary was created by AI, based on 15 opinions in the last 12 months.
Magellan Aerospace (MAL) has garnered significant attention from analysts who commend its robust positioning within the Canadian aerospace and defense sector. The company holds substantial contracts with major players like Airbus and Boeing, and anticipated growth of approximately 20% annually is noted due to increasing demand for defense applications. Analysts have observed improving EBITA margins and an influx of cash reserves as debt diminishes and share buybacks continue. This positive momentum is underscored by a consistent pattern of achieving set price targets over time, highlighting a favorable operational landscape. Overall, MAL appears well-positioned for long-term growth, attracting a consensus recommendation as a 'Top Pick' among market experts.
Canadian aerospace and defense in Canada is one of the biggest fields. It has contracts with Airbus and Boeing and the structural demand is there for years. It can grow at 20% per year for years to come. There is a very big structural change on the defense side where Magellan has a lot of spare capacity for defense applications. He sees much more room for EBITA margin improvement and the ability to fill excess capacity with better quality.
Buy 3 Hold 0 Sell 0
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 contentPremium contentWe again reiterate MAL as a TOP PICK. The company is front and centre on defense projects in Canada, including maintenance for the new Swedish fighter jets and development of light anti-tank weapons for the Canadian Federal government. Cash reserves are growing while debt is retired and shares bought back. We continue to recommend a stop at $29, looking to achieve $42 -- upside potential of 18%. Yield 0.5%
(Analysts’ price target is $41.50)Premium content
Seeing decade-long demand. Huge demand in defence, plus big aircraft parts replacement cycle. Lots of spare capacity, so new work comes with high, incremental margins. As a result, big pickup in FCF generation. Yield is 0.67%.
(Analysts’ price target is $38.75)Andrey OmelchakPremium contentWe again reiterate MAL as a TOP PICK. The Canadian company sees its defense industry products having lots of runway ahead. Recently reported earnings showed a 52% increase in net income over the year, growing cash reserves and they plan to continue to buy back shares. We recommend trailing up the stop (from $22) to $26, looking to achieve $41 -- upside potential over 30%. Yield 0.6%
(Analysts’ price target is $41.50)Premium content
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 OmelchakPremium 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%
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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, 15 stock analysts issued a Buy, Sell, or Hold rating on MAL.TO (previously MAL-T on Stockchase). 15 analysts recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is PAST TOP PICK. 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 The Panic-Proof Portfolio (Stockchase Research) on 2026-09-01. 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 Magellan Aerospace.
Is Magellan Aerospace worth watching?
Magellan Aerospace is followed by 74 investors on Stockchase and is a trending stock that is worth watching.
What is Magellan Aerospace stock price?
On 2026-09-03, Magellan Aerospace (MAL.TO) stock closed at a price of $31.64.
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Our PAST TO PICK with MAL has triggered its stop at $34. To remain disciplined, we recommend covering the position at this time. When combined with previous guidance, this will result in a net investment gain of 50%.