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Home CompaniesMDA Ltd

MDA Ltd

Industrials Aerospace & Defense
PortfolioPortfolio WatchlistWatchlist
Company price
36.74 CAD -1.56 ( 4.07%)
Last update at 2026-11-04T18:42:00Z
VOLUME
1101633
Market Cap
6365.15M
P/E
55.01

Momentum Score

…

MDA Space Ltd. provides space technology solutions and services in Canada, the United States, Europe, Asia, the Middle East, and internationally. It offers satellite communications solutions, such as space-based broadband Internet, direct-to-device satellite communication, and IoT connectivity; MDA AURORA, a software-defined digital satellite product line; and autonomous robotics systems and services used to operate in space and on the surfaces of the Moon and Mars. The company also provides robotic systems, robotic interfaces, tooling, robotic ground control stations, and operations services; electro-optic and light detection and ranging sensors, vision and targeting systems, guidance, navigation, and control subsystems and planetary rover locomotion subsystems; MDA SKYMAKER, a suite of scalable and modular space robotics; and Canadarm3, a robotics system. In addition, it offers satellite-generated imagery and data to deliver critical and value-added insights for end users, such as national security, climate change monitoring, and maritime surveillance; collection, processing, and dissemination of Earth imagery data from space; defense command, control, communications, computers, intelligence, surveillance, and reconnaissance solutions, including command and control systems and airborne surveillance solutions; aeronautical navigation information solutions; and long endurance uncrewed aerial vehicle surveillance services. Further, operates as an owner and operator of the RADARSAT-2 Earth observation satellite; and is involved in the operation of MDA CHORUS, an Earth observation mission. It serves governments and space agencies, commercial space companies, and defense and aerospace prime contractors in the space industry. The company was formerly known as MDA Ltd. and changed its name to MDA Space Ltd. in May 2024. MDA Space Ltd. was incorporated in 1969 and is headquartered in Brampton, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
35.79
Low
38.70
High
52 Week Price Range
20.85
Low
50.98
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

MDA Ltd is a Canadian space technology and geospatial services company that develops satellites, space robotics, sensors and provides Earth-observation data and mission services. Long-term growth drivers include rising government and commercial spending on space infrastructure, growing demand for geospatial analytics and on-orbit servicing, and multi-year program awards that could support revenue visibility and leverage the company's engineering capabilities.
Primary investment risks are program delays and cost overruns, customer concentration in government contracts, competitive pressure in satellite and robotics markets, and regulatory or export-control constraints that could limit international sales.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
38.30
Dividend Yield
-
Revenue TTM
2098.80M
Revenue Per Share
58.14
Gross Profit TTM
2098.80M
Debt / Equity
0.30
ROE
8.57%
Net Debt
259.10M
ROCE
5.56%
Diluted EPS TTM
0.84

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 108.00M 111.00M 67.30M 34.20M 11.30M
Net income 108.50M 79.40M 48.80M 26.30M 2.90M
Selling general administrative 129.20M 55.90M 47.50M 43.40M 45.90M
Selling and marketing expenses - 35.10M 33.20M 25.10M 25.90M
Gross profit 325.10M 325.50M 275.60M 228.40M 167.80M
Reconciled depreciation 140.60M 91.00M 78.10M 76.20M 79.80M
Ebit 113.40M 108.40M 79.40M 74.60M 44.20M
Ebitda 254.00M 162.80M 131.20M 150.80M 124.00M
Depreciation and amortization 140.60M 54.40M 51.80M 76.20M 79.80M
Operating income 113.40M 106.80M 77.50M 74.60M 44.20M
Other operating expenses 1519.80M 973.30M 730.10M 566.60M 433.50M
Interest expense 17.00M 28.00M 8.60M 34.20M 32.20M
Tax provision 43.90M 31.60M 18.50M 7.90M 8.40M
Interest income 7.80M 2.30M 2.00M 34.20M 32.20M
Net interest income -9.20M -21.00M -6.60M -34.20M -32.20M
Income tax expense -0.50M 31.60M 18.50M 7.90M 8.40M
Total revenue 1633.20M 1080.10M 807.60M 641.20M 476.90M
Total operating expenses 211.70M 218.70M 198.10M 153.80M 124.40M
Cost of revenue 1308.10M 754.60M 532.00M 412.80M 309.10M
Total other income expense net -5.40M 4.20M -10.20M -40.40M -32.90M
Net income from continuing ops 108.50M 79.40M 48.80M 26.30M 2.90M
Net income applicable to common shares - 79.40M 48.80M 26.30M 2.90M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 3356.20M 2597.50M 2161.70M 1750.80M 1534.60M
Intangible assets 876.70M 580.00M 582.50M 552.40M 571.20M
Other current assets 53.30M 71.70M 24.30M 19.80M 12.80M
Total liab 2001.20M 1421.50M 1097.00M 750.20M 572.90M
Total stockholder equity 1355.00M 1176.00M 1064.70M 1000.60M 961.70M
Other current liab 107.30M 2.70M 66.30M 76.80M 55.20M
Common stock 1042.70M - 956.10M 951.60M 950.70M
Capital stock 1042.70M 975.80M 956.10M 951.60M 950.70M
Retained earnings 247.20M 138.70M 58.70M 9.90M -14.40M
Other liab - - - - 194.50M
Good will 800.40M 441.00M 439.80M 419.90M 419.90M
Other assets - - - 158.10M 125.00M
Cash 152.00M 166.70M 22.50M 39.30M 83.60M
Cash and equivalents - - - 39.30M 83.60M
Total current liabilities 1317.80M 1091.00M 373.20M 318.60M 225.90M
Current deferred revenue 798.90M - 76.90M 110.80M 91.50M
Net debt 259.10M - 502.50M 212.60M 76.80M
Short term debt 20.20M - 10.90M 6.70M 7.90M
Short long term debt total 411.10M - 525.00M 251.90M 160.40M
Other stockholder equity 36.00M - 31.30M 25.00M 16.90M
Property plant equipment - - - 242.20M 124.70M
Total current assets 614.50M 626.50M 456.60M 378.20M 293.80M
Long term investments 11.30M - - - -
Net tangible assets - - - - -29.40M
Net receivables 385.70M 71.00M 399.90M 311.60M 189.40M
Long term debt 272.00M - 438.90M 243.60M 144.70M
Inventory 23.50M 8.10M 9.90M 7.50M 8.00M
Accounts payable 391.40M 248.70M 219.10M 124.30M 71.30M
Accumulated other comprehensive income 29.10M - 18.60M 14.10M 8.50M
Non currrent assets other 279.20M 328.10M 227.00M 139.00M 105.70M
Non current assets total 2741.70M 1971.00M 1705.10M 1372.60M 1240.80M
Capital lease obligations 139.10M 136.80M 86.10M 8.30M 15.70M
Long term debt total - - - 245.20M 152.50M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -229.90M -217.60M -180.10M -6.20M
Change to liabilities - - - - 16.60M
Total cashflows from investing activities -614.60M -229.90M -217.60M -180.10M -98.80M
Net borrowings 166.60M -447.90M 186.60M - -432.00M
Total cash from financing activities 196.30M -436.10M 187.40M 78.80M 30.60M
Change to operating activities - - - - -10.70M
Net income 108.50M 79.40M 48.80M 26.30M 11.30M
Change in cash -14.70M 144.20M -16.80M -44.30M 5.00M
Begin period cash flow 166.70M 22.50M 39.30M 83.60M 78.60M
End period cash flow 152.00M 166.70M 22.50M 39.30M 83.60M
Total cash from operating activities 407.50M 815.60M 13.50M 57.00M 72.10M
Issuance of capital stock - - - 0.50M 462.60M
Depreciation 140.60M 91.00M 78.10M 76.20M 79.80M
Other cashflows from investing activities 33.20M -29.10M -24.40M 0.00M -4.20M
Change to inventory -12.50M -1.50M -2.40M 0.50M -1.50M
Change to account receivables 54.60M 9.60M -69.60M -62.90M -12.50M
Sale purchase of stock - 11.80M 0.80M 0.50M 462.60M
Other cashflows from financing activities -22.20M -7.90M -8.40M 236.10M -98.80M
Change to netincome - - - - 3.00M
Capital expenditures 175.30M 138.20M 148.00M 180.10M 94.60M
Change in working capital 154.30M 639.40M -95.60M -26.70M -13.60M
Stock based compensation 12.80M 10.40M 10.00M 8.50M 13.50M
Other non cash items 4.10M 5.80M -25.40M 19.30M 6.70M
Free cash flow 232.20M 677.40M -134.50M -123.10M -22.50M

Peer Comparison*

Sector: Industrials Industry: Aerospace & Defense

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
MDA
MDA Ltd		 -1.56
4.07%		 36.74 55.01 32.68 3.03 4.77 4.12 21.68
RTX
RTX CDR (CAD Hedged)		 -1.25
2.69%		 45.29 33.89 26.53 2.72 3.67 3.14 18.41
CAE
CAE Inc.		 0.34
0.90%		 37.66 29.58 28.65 2.31 2.24 2.95 12.40
BBD-PD
Bombardier Inc Pref D		 -
-%		 20.30 - - 1.20 - - -
BBD-PB
Bombardier Inc Pref B		 -
-%		 20.02 - - 1.10 - - -

Profile*

MDA Ltd

MDA Space Ltd. provides space technology solutions and services in Canada, the United States, Europe, Asia, the Middle East, and internationally. It offers satellite communications solutions, such as space-based broadband Internet, direct-to-device satellite communication, and IoT connectivity; MDA AURORA, a software-defined digital satellite product line; and autonomous robotics systems and services used to operate in space and on the surfaces of the Moon and Mars. The company also provides robotic systems, robotic interfaces, tooling, robotic ground control stations, and operations services; electro-optic and light detection and ranging sensors, vision and targeting systems, guidance, navigation, and control subsystems and planetary rover locomotion subsystems; MDA SKYMAKER, a suite of scalable and modular space robotics; and Canadarm3, a robotics system. In addition, it offers satellite-generated imagery and data to deliver critical and value-added insights for end users, such as national security, climate change monitoring, and maritime surveillance; collection, processing, and dissemination of Earth imagery data from space; defense command, control, communications, computers, intelligence, surveillance, and reconnaissance solutions, including command and control systems and airborne surveillance solutions; aeronautical navigation information solutions; and long endurance uncrewed aerial vehicle surveillance services. Further, operates as an owner and operator of the RADARSAT-2 Earth observation satellite; and is involved in the operation of MDA CHORUS, an Earth observation mission. It serves governments and space agencies, commercial space companies, and defense and aerospace prime contractors in the space industry. The company was formerly known as MDA Ltd. and changed its name to MDA Space Ltd. in May 2024. MDA Space Ltd. was incorporated in 1969 and is headquartered in Brampton, Canada.

7500 Financial Drive, Brampton, ON, Canada, L6Y 6K7

905 790 2800

https://mda.space

4800

Name Title Year Born
Mr. Mike Greenley M.sc. Pmp CEO & Director 1967
Mr. Vito Culmone C.A., C.P.A., F.C.A., FCPA Chief Financial Officer 1964
Dr. Minda Suchan VP of Geointelligence NA
Mr. Cameron Ower Chief Technology Officer NA
Ms. Shereen Zahawi C.F.A., M.B.A. Sr. Director of Investor Relations NA
Mr. Martin Herman VP of Legal & Gen. Counsel NA
Ms. Amy MacLeod VP of Corp. Communications NA
Ian McLeod VP of Corp. Devel. NA
Ms. Margaret Bailey B.A., Chrp VP of HR NA
Ms. Anita Bernie Managing Director of UK 1970

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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