Elena Milantoni - Magellan Aerospace Chief Financial Officer, Corporate Secretary

MAL Stock  CAD 10.43  0.02  0.19%   

CFO

Ms. Elena M. Milantoni was appointed as Chief Financial Officer, Corporationrationrate Secretary of the Company effective January 1, 2016 since 2018.
Tenure 7 years
Professional MarksCPA
Address 3160 Derry Road East, Mississauga, ON, Canada, L4T 1A9
Phone905 677 1889
Webhttps://www.magellan.aero
Milantoni, CPA, CA, joined Magellan in 2007, as corporate controller and treasurer, and in January, 2014, was promoted to the position of vicepresident, finance.

Magellan Aerospace Management Efficiency

The company has return on total asset (ROA) of 0.0251 % which means that it generated a profit of $0.0251 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0257 %, meaning that it generated $0.0257 on every $100 dollars invested by stockholders. Magellan Aerospace's management efficiency ratios could be used to measure how well Magellan Aerospace manages its routine affairs as well as how well it operates its assets and liabilities. As of the 5th of January 2025, Return On Tangible Assets is likely to drop to 0.01. In addition to that, Return On Capital Employed is likely to drop to 0.04. At this time, Magellan Aerospace's Non Currrent Assets Other are very stable compared to the past year. As of the 5th of January 2025, Other Current Assets is likely to grow to about 20.1 M, while Total Assets are likely to drop about 750.1 M.
Magellan Aerospace has accumulated 73.45 M in total debt with debt to equity ratio (D/E) of 0.14, which may suggest the company is not taking enough advantage from borrowing. Magellan Aerospace has a current ratio of 3.17, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Magellan Aerospace until it has trouble settling it off, either with new capital or with free cash flow. So, Magellan Aerospace's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Magellan Aerospace sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Magellan to invest in growth at high rates of return. When we think about Magellan Aerospace's use of debt, we should always consider it together with cash and equity.

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Magellan Aerospace Corporation, through its subsidiaries, designs, engineers, and manufactures aero engine, and aero structure assemblies and components for aerospace markets in Canada, the United States, Europe, and Asia. Magellan Aerospace Corporation was founded in 1994 and is headquartered in Mississauga, Canada. MAGELLAN AERO operates under Aerospace Defense classification in Canada and is traded on Toronto Stock Exchange. It employs 4200 people. Magellan Aerospace (MAL) is traded on Toronto Exchange in Canada and employs 3,850 people. Magellan Aerospace is listed under Aerospace & Defense category by Fama And French industry classification.

Management Performance

Magellan Aerospace Leadership Team

Elected by the shareholders, the Magellan Aerospace's board of directors comprises two types of representatives: Magellan Aerospace inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Magellan. The board's role is to monitor Magellan Aerospace's management team and ensure that shareholders' interests are well served. Magellan Aerospace's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Magellan Aerospace's outside directors are responsible for providing unbiased perspectives on the board's policies.
Michael Gribe, Vice Resources
Beth Bandler, Independent Director
Steven Somerville, Independent Director
Norman OC, Executive Chairman
Elena Milantoni, Chief Financial Officer, Corporate Secretary
Mark Allcock, Vice President - Information Technology and Transformation
Karen YoshikiGravelsins, Vice President - Corporate Stewardship, Operational Excellence
William Davis, Independent Director
Norman Edwards, Chairman of the Board
Bruce Gowan, Independent Director
Craig Vaughan, Corporate Secretary
Ian Roberts, Vice Transformation
Jim Powell, Vice President - Mergers and Acquisitions
Phillip Underwood, President, Chief Executive Officer, Director
JoAnn Ball, Vice President - Human Resources
Haydn Martin, Vice President - Business Development, Marketing and Contracts
Larry Moeller, Director

Magellan Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Magellan Aerospace a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Magellan Aerospace

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Magellan Aerospace position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Magellan Aerospace will appreciate offsetting losses from the drop in the long position's value.

Moving together with Magellan Stock

  0.67NVDA NVIDIA CDRPairCorr

Moving against Magellan Stock

  0.39AVGO BroadcomPairCorr
The ability to find closely correlated positions to Magellan Aerospace could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Magellan Aerospace when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Magellan Aerospace - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Magellan Aerospace to buy it.
The correlation of Magellan Aerospace is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Magellan Aerospace moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Magellan Aerospace moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Magellan Aerospace can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Magellan Stock

Magellan Aerospace financial ratios help investors to determine whether Magellan Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Magellan with respect to the benefits of owning Magellan Aerospace security.