MDA Space Ltd. MDA
- Market cap
- $5.2B
- P/E
- 53.6×
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Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Analyst estimates 2026–2028 Powerpack |
Low Price | ||
| — | — | — | — | — | — | — | — | — | — | High Price | |||
| — | — | — | — | — | — | — | — | 4,800 | 4,800 |
Employees
|
|||
| — | — | — | — | — | — | — | — | 0 | 0 |
Revenue/Emp
|
|||
| — | — | — | — | — | — | — | — | 788 | 1,169 |
Revenue
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|||
| — | — | — | — | — | — | — | — | 26.08% | 25.09% |
Gross Margin
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|||
| — | — | — | — | — | — | — | — | 81 | 109 |
EBT
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|||
| — | — | — | — | — | — | — | — | 10.28% | 9.33% |
EBT Margin
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|||
| — | — | — | — | — | — | — | — | 58 | 78 |
Net Income
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|||
| — | — | — | — | — | — | — | — | 58 | 91 |
Depreciation
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|||
| — | — | — | — | — | — | — | — | 6.56 | 9.41 |
Revenue/Sh
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|||
| — | — | — | — | — | — | — | — | 0.48 | 0.61 |
Earnings/Sh
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|||
| — | — | — | — | — | — | — | — | 4.96 | 2.35 |
Cash Flow/Sh
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|||
| — | — | — | — | — | — | — | — | (1.18) | (1.59) |
Capex/Sh
|
|||
| — | — | — | — | — | — | — | — | 3.78 | 0.76 |
Free CF/Sh
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|||
| — | — | — | — | — | — | — | — | 7.15 | 7.81 |
Book Value/Sh
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|||
| — | — | — | — | — | — | — | — | 120 | 124 |
Shares
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|||
| — | — | — | — | — | — | — | — | 49.29 | 49.29 |
PE Ratio
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|||
| — | — | — | — | — | — | — | — | 3.27 | 3.27 |
PS Ratio
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|||
| — | — | — | — | — | — | — | — | 3.95 | 3.95 |
PB Ratio
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|||
| — | — | — | — | — | — | — | — | 3.42 | 3.42 |
EV/Sales
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|||
| — | — | — | — | — | — | — | — | 42.22 | 42.22 |
EV/FCF
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|||
| — | — | — | — | — | — | — | — | 595 | 292 |
Op' Cash Flow
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|||
| — | — | — | — | — | — | — | — | (141) | (197) |
Capex
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|||
| — | — | — | — | — | — | — | — | 454 | 95 |
FCF
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|||
| — | — | — | — | — | — | — | — | (339) | (503) |
Working Cap'
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|||
| — | — | — | — | — | — | — | — | 88 | 280 |
Total Debt
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|||
| — | — | — | — | — | — | — | — | (34) | 171 |
Net Debt
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|||
| — | — | — | — | — | — | — | — | 858 | 970 |
Sh' Equity
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|||
| — | — | — | — | — | — | — | — | 0.00% | 3.61% |
ROA
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|||
| — | — | — | — | — | — | — | — | 5.91% | 6.19% |
ROIC
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|||
| — | — | — | — | — | — | — | — | 0.00% | 8.50% |
ROE
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MDA Space Ltd. (MDA) key facts
- MDA Space Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 48.3% from fiscal 2024.
- Net income was $77.7 million, or $0.61 per share (basic), a net margin of 6.64%.
- As of September 25, 2026, MDA traded at $31.49, a market capitalization of $5.2 billion.
- At that price the stock trades at 53.6× trailing-twelve-month earnings and 3.2× sales.
- Return on equity was 8.50% and debt-to-equity 0.19.
MDA Space Ltd. (MDA) Latest News
24 Sep
MDA Space Ltd. (NYSE:MDA) expanded its AURORA line with AURORA BLACK, a defence-focused satellite for military and government users, delivering software-defined agility for tactical and strategic communications and high-volume production. Security features include onboard anti-jamming, secure connectivity, proximity sensing, and GPS spoofing resistance for contested environments, strengthening mission assurance. The move aligns with expanding the global defence SATCOM footprint and capitalizes on strategic programs and acquisitions, including a US$620 million deal to acquire Blue Canyon and a proposed 70% stake in CLS. MDA also backs the LaunchPad Ventures initiative to back Canadian space and defence firms. Risks include regulated defence procurement cycles, possible delays, testing rigor for anti-jamming and cybersecurity, and supply-chain/execution risks in high-volume production. Hedge funds trimmed exposure in Q2 2026; largest holder was Connor Clark & Lunn with about 7.73 million shares. Expansion into defense-grade SATCOM with acquisitions and a major product upgrade could substantially shift MDA's growth trajectory, despite procurement and execution risks.
21 Sep
MDA Space Ltd. announced TSX acceptance of its plan to execute a normal course issuer bid to buy back up to 8,106,539 common shares over 12 months, about 5% of outstanding shares as of Sept. 11, 2026 (162,130,797). The NCIB runs from Sept. 23, 2026 to Sept. 22, 2027 (or earlier if completed). Purchases will be at market price via TSX or alternative trading systems; daily cap is 313,258 shares (25% of the six-month average volume of 1,253,034 on TSX to Aug. 31, 2026). Bought shares will be cancelled. An ASPP with its broker will facilitate repurchases, outside blackout periods at the company’s discretion. MDA Space describes itself as a robotics, satellite systems and geointelligence leader with 4,000+ staff, trading on TSX:MDA and NYSE:MDA. A 5% share repurchase plan can modestly influence earnings per share and investor sentiment but is a common strategy with limited long-term impact on core operations.
20 Sep
MDA Space Ltd. launches LaunchPad Ventures to fund Canadian small and mid-sized firms developing space and defence technologies, creating a domestic, export-ready pipeline aligned with sovereign objectives. The program targets 25 focus areas to accelerate local innovators who can modernize the Canadian Armed Forces and allied militaries, while expanding MDA’s commercial, lunar, and defence segments. The initiative follows major deals, including a $620 million Blue Canyon acquisition expected this year and a proposed ~70% stake in CLS to broaden capabilities and revenue. Risks include financial exposure from funding uncertain projects, oversight across many tech areas, and defence-export/regulatory constraints that could slow progress. Insider Monkey notes slight dip in institutional interest in Q2 2026, though large holders like Connor Clark & Lunn remain invested. Diversifies MDA's growth engine by funding 25 focus-area SMBs to expand sovereign-capability pipeline and revenue opportunities, though execution and defence export risks temper upside.
16 Sep
MDA Space announces end-to-end MDA CHORUS™ product portfolio prior to constellation launch. Full MDA CHORUS portfolio rollout directly supports constellation deployment and expands core space systems revenue potential.
10 Sep
MDA Space Ltd. unveils MDA Aurora™ Black, a defence-focused software-defined satellite. Launch of defence-focused software-defined satellite expands MDA product line and targets major defense contracts.
27 Aug
MDA Space Ltd. establishes MDA Space Launchpad Ventures to invest in Canadian space and defence companies. Creation of MDA Space Launchpad Ventures marks a major strategic move into ecosystem investments that can reshape MDA's positioning and growth trajectory.
26 Aug
MDA Space Ltd. posted strong second-quarter results, leading to raised 2026 financial guidance. Raised 2026 guidance after strong quarterly results signals improved outlook and investor sentiment.
17 Aug
Rocket Lab clears first hurdle toward its largest satellite contract, increasing competitive pressure on MDA Space Ltd. in satellite manufacturing and deployment. Rocket Lab's contract progress raises competitive pressure on MDA's satellite business without directly altering MDA operations.
RBC says MDA Space valuation is attractive amid space economy exposure. RBC positive note on valuation may moderately lift investor sentiment for MDA Space.
16 Aug
MDA Space satellite platforms built by Rocket Lab reached orbit and now support Globalstar direct-to-device communications services. Successful deployment strengthens MDA's position in satellite-based communications infrastructure.
MDA Space successfully launched satellites for Globalstar. Successful satellite launches validate MDA technology and support further contracts in satellite communications.
MDA Space Ltd. successfully launched satellites for Globalstar. Successful satellite launches fulfill major contracts and strengthen MDA's position in space infrastructure.
11 Aug
MDA Space Ltd. opens MDA CHORUS™ Control Centre in Québec. New control centre expands operational capabilities in Québec with moderate effects on trajectory.
MDA Space Ltd. opens MDA CHORUS™ Control Centre in Québec. New control centre adds operational infrastructure with moderate effect on capacity and positioning.
10 Aug
MDA Space reports strong Q2 results supported by new contracts and acquisitions, per RBC Capital Markets. Strong quarterly results plus contract and acquisition momentum point to major positive shifts in MDA Space growth trajectory.
9 Aug
MDA Space Ltd. held its Q2 earnings call, outlining financial results, operational updates, and future outlook for the company. Q2 earnings updates typically affect near-term investor sentiment and stock performance without guaranteeing long-term shifts.
8 Aug
MDA Space adds Blue Canyon and CLS to support expanding defense satellite contracts. Partnerships expand MDA's defense satellite capabilities and backlog.
7 Aug
MDA Space Ltd reported 34% revenue growth in Q2 2026 with backlog reaching $4 billion. Revenue surge and backlog expansion signal major positive effects on MDA's future prospects and investor outlook.
MDA Space reports 34% revenue increase and targets expansion in U.S. and European markets. 34% revenue surge plus U.S. and Europe expansion plans point to major growth and improved market position for MDA.
MDA Space Ltd. secures polar satellite role, advancing backlog growth narrative. Contract win adds to backlog and supports MDA Space trajectory in satellite sector.
MDA Space Ltd. stock may trade above fair value as Arctic defense work expands. Arctic defense growth supports moderate operational gains while valuation concerns limit broader trajectory shifts.
MDA Space Ltd. reported its second quarter 2026 financial results. Quarterly results provide updated financial metrics that can shift near-term investor views on performance.
MDA Space Ltd. reported its second quarter 2026 financial results. Quarterly results release delivers updated financial metrics that may shift near-term investor sentiment without indicating major strategic shifts.
6 Aug
MDA Space responded to Canadian Space Agency announcement on Canadarm3. Response to CSA announcement on Canadarm3 signals potential major contract developments for MDA's space robotics division.
MDA Space responds to Canadian Space Agency announcement on Canadarm3. Response to CSA Canadarm3 announcement signals major contract positioning that can shift MDA revenue outlook.
5 Aug
MDA Space closes C$600 million offering of senior unsecured notes due 2033. C$600 million notes issuance bolsters MDA's capital structure and funds operations without altering core trajectory.
4 Aug
MDA Space secures $474 million Telesat contract plus new federal contract to build satellites for military use. Large contracts strengthen MDA revenue stream and expand its military satellite capabilities.
MDA Space Ltd. receives $474 million contract to expand the Telesat Lightspeed LEO constellation. $474 million contract delivers major revenue and strengthens MDA position in LEO satellite projects.
MDA Space Ltd. received a $474 million contract to expand the Telesat Lightspeed LEO constellation. Major contract award delivers substantial revenue and reinforces MDA's core role in LEO satellite programs.
23 Jul
MDA Space Ltd. announces offering of C$600 million senior unsecured notes due 2033. C$600 million notes issuance supplies growth capital while raising MDA Space debt levels.