Latest news with #MDASpaceLtd
Yahoo
15-05-2025
- Business
- Yahoo
Shareholders Will Be Pleased With The Quality of MDA Space's (TSE:MDA) Earnings
MDA Space Ltd. (TSE:MDA) just reported healthy earnings but the stock price didn't move much. We think that investors have missed some encouraging factors underlying the profit figures. We check all companies for important risks. See what we found for MDA Space in our free report. Many investors haven't heard of the accrual ratio from cashflow, but it is actually a useful measure of how well a company's profit is backed up by free cash flow (FCF) during a given period. To get the accrual ratio we first subtract FCF from profit for a period, and then divide that number by the average operating assets for the period. You could think of the accrual ratio from cashflow as the 'non-FCF profit ratio'. That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest. While having an accrual ratio above zero is of little concern, we do think it's worth noting when a company has a relatively high accrual ratio. Notably, there is some academic evidence that suggests that a high accrual ratio is a bad sign for near-term profits, generally speaking. Over the twelve months to March 2025, MDA Space recorded an accrual ratio of -0.62. That implies it has very good cash conversion, and that its earnings in the last year actually significantly understate its free cash flow. In fact, it had free cash flow of CA$836m in the last year, which was a lot more than its statutory profit of CA$98.5m. Given that MDA Space had negative free cash flow in the prior corresponding period, the trailing twelve month resul of CA$836m would seem to be a step in the right direction. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. As we discussed above, MDA Space's accrual ratio indicates strong conversion of profit to free cash flow, which is a positive for the company. Based on this observation, we consider it possible that MDA Space's statutory profit actually understates its earnings potential! And on top of that, its earnings per share have grown at an extremely impressive rate over the last three years. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. Obviously, we love to consider the historical data to inform our opinion of a company. But it can be really valuable to consider what other analysts are forecasting. So feel free to check out our free graph representing analyst forecasts. This note has only looked at a single factor that sheds light on the nature of MDA Space's profit. But there are plenty of other ways to inform your opinion of a company. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
08-05-2025
- Business
- Hamilton Spectator
MDA Space reports first-quarter profit and revenue up from year ago
BRAMPTON - MDA Space Ltd. reported its first-quarter profit and revenue rose compared with a year ago. The space technology firm says it earned $32.9 million or 26 cents per diluted share in the quarter ended March 31, up from a profit of $13.8 million or 11 cents per diluted share a year ago. On an adjusted basis, MDA says it earned 29 cents per diluted share in its latest quarter, up from an adjusted profit of 15 cents per diluted share in the same quarter last year. Revenue for the quarter totalled $351.0 million, up from $209.1 million a year earlier. The increase in revenue came as company's satellite systems business took in $222.0 million in the quarter compared with $87.0 million a year ago, while its robotics and space operations business earned $77.3 million in revenue, up from $70.6 million. MDA's geointelligence business earned $51.7 million in revenue, up from $51.5 million. The company's backlog stood at $4.8 billion at the end of the quarter. This report by The Canadian Press was first published May 8, 2025. Companies in this story: (TSX:MDA)
Winnipeg Free Press
08-05-2025
- Business
- Winnipeg Free Press
MDA Space reports first-quarter profit and revenue up from year ago
BRAMPTON – MDA Space Ltd. reported its first-quarter profit and revenue rose compared with a year ago. The space technology firm says it earned $32.9 million or 26 cents per diluted share in the quarter ended March 31, up from a profit of $13.8 million or 11 cents per diluted share a year ago. On an adjusted basis, MDA says it earned 29 cents per diluted share in its latest quarter, up from an adjusted profit of 15 cents per diluted share in the same quarter last year. Revenue for the quarter totalled $351.0 million, up from $209.1 million a year earlier. The increase in revenue came as company's satellite systems business took in $222.0 million in the quarter compared with $87.0 million a year ago, while its robotics and space operations business earned $77.3 million in revenue, up from $70.6 million. MDA's geointelligence business earned $51.7 million in revenue, up from $51.5 million. The company's backlog stood at $4.8 billion at the end of the quarter. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. This report by The Canadian Press was first published May 8, 2025. Companies in this story: (TSX:MDA)
Cision Canada
30-04-2025
- Business
- Cision Canada
MDA SPACE CHIEF PEOPLE, CULTURE AND TRANSFORMATION OFFICER STEPHANIE MCDONALD NAMED ONE OF CANADA'S BEST EXECUTIVES BY THE GLOBE & MAIL'S REPORT ON BUSINESS MAGAZINE
BRAMPTON, ON, April 30, 2025 /CNW/ - MDA Space Ltd. (TSX: MDA), a trusted space mission partner to the rapidly expanding global space industry, congratulates Stephanie McDonald, Chief People, Culture and Transformation Officer, on being recognized as one of Canada's Best Executives of 2025 by The Globe & Mail's Report on Business Magazine. Established in 2020, the Best Executive Awards honour outstanding non-CEO leaders within Canadian organizations. Recipients are selected by the Report on Business editorial team, evaluating nominees on their professional accomplishments, leadership approach, and overall impact. Ms. McDonald joined MDA Space in 2023 as the company's first Chief People, Culture and Transformation Officer. Since joining the company, she has overseen a full slate of strategic transformation initiatives focused on scaling MDA Space during a period of rapid expansion. As an indication of the company's growth, in the first 18 months of her tenure at MDA Space, Stephanie and her team welcomed and onboarded more than 1,500 new employees. "With her disciplined approach to building new levels of enterprise-wide collaboration and engagement, Stephanie is quietly and quickly transforming our business and positioning our teams for growth and success," said Mike Greenley, CEO of MDA Space. "Stephanie's patient coaching, exceptional communication, and emotionally intelligent approach to leadership helps all of us understand the need for change, and see how the work we are doing is helping achieve the company's vision and drive business success." A seasoned executive with a background in large multinational corporations undergoing transformation, Ms. McDonald has led a series of organizations through a variety of significant transformations and corporate events, including rapid scaling and growth, complex business integrations and corporate turnarounds. Ms. McDonald holds a Master of Business Administration (Academic Distinction) from Georgetown University in Washington, DC, and a Bachelor of Commerce from the University of Saskatchewan. She is also a certified Culture Coach from the Maslow Research Center. ABOUT MDA SPACE Building the space between proven and possible, MDA Space (TSX: MDA) is a trusted mission partner to the global space industry. A robotics, satellite systems and geointelligence pioneer with a 55-year+ story of world firsts and more than 450 missions, MDA Space is a global leader in communications satellites, Earth and space observation, and space exploration and infrastructure. The MDA Space team of more than 3,400 space experts in Canada, the US and the UK has the knowledge and know-how to turn an audacious customer vision into an achievable mission – bringing to bear a one-of-a-kind mix of experience, engineering excellence and wide-eyed wonder that's been in our DNA since day one. For those who dream big and push boundaries on the ground and in the stars to change the world for the better, we'll take you there. For more information, visit
