Magellan Aerospace Stock Fundamentals
| MAL Stock | CAD 10.76 0.17 1.61% |
Magellan Aerospace fundamentals help investors to digest information that contributes to Magellan Aerospace's financial success or failures. It also enables traders to predict the movement of Magellan Stock. The fundamental analysis module provides a way to measure Magellan Aerospace's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Magellan Aerospace stock.
At this time, Magellan Aerospace's Tax Provision is very stable compared to the past year. As of the 2nd of December 2024, Interest Income is likely to grow to about 2.7 M, while Depreciation And Amortization is likely to drop about 31.6 M. Magellan | Select Account or Indicator |
Magellan Aerospace Company Return On Asset Analysis
Magellan Aerospace's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Magellan Aerospace Return On Asset | 0.0251 |
Most of Magellan Aerospace's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Magellan Aerospace is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Magellan Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Magellan Aerospace is extremely important. It helps to project a fair market value of Magellan Stock properly, considering its historical fundamentals such as Return On Asset. Since Magellan Aerospace's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Magellan Aerospace's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Magellan Aerospace's interrelated accounts and indicators.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Based on the latest financial disclosure, Magellan Aerospace has a Return On Asset of 0.0251. This is 104.92% lower than that of the Aerospace & Defense sector and 99.34% lower than that of the Industrials industry. The return on asset for all Canada stocks is 117.93% lower than that of the firm.
Magellan Aerospace Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Magellan Aerospace's current stock value. Our valuation model uses many indicators to compare Magellan Aerospace value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Magellan Aerospace competition to find correlations between indicators driving Magellan Aerospace's intrinsic value. More Info.Magellan Aerospace is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers reporting about 0.98 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Magellan Aerospace is roughly 1.02 . At this time, Magellan Aerospace's Return On Equity is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Magellan Aerospace by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Magellan Aerospace's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Magellan Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Magellan Aerospace's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Magellan Aerospace could also be used in its relative valuation, which is a method of valuing Magellan Aerospace by comparing valuation metrics of similar companies.Magellan Aerospace is currently under evaluation in return on asset category among its peers.
Magellan Aerospace Current Valuation Drivers
We derive many important indicators used in calculating different scores of Magellan Aerospace from analyzing Magellan Aerospace's financial statements. These drivers represent accounts that assess Magellan Aerospace's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Magellan Aerospace's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 818.4M | 509.2M | 575.0M | 453.7M | 408.3M | 326.9M | |
| Enterprise Value | 867.7M | 510.4M | 610.3M | 525.6M | 473.1M | 474.8M |
Magellan Fundamentals
| Return On Equity | 0.0257 | ||||
| Return On Asset | 0.0251 | ||||
| Profit Margin | 0.02 % | ||||
| Operating Margin | 0.05 % | ||||
| Current Valuation | 674.52 M | ||||
| Shares Outstanding | 57.14 M | ||||
| Shares Owned By Insiders | 79.30 % | ||||
| Shares Owned By Institutions | 2.90 % | ||||
| Number Of Shares Shorted | 193.83 K | ||||
| Price To Earning | 8.48 X | ||||
| Price To Book | 0.80 X | ||||
| Price To Sales | 0.66 X | ||||
| Revenue | 879.62 M | ||||
| Gross Profit | 35.06 M | ||||
| EBITDA | 71.01 M | ||||
| Net Income | 9.25 M | ||||
| Cash And Equivalents | 2.75 M | ||||
| Cash Per Share | 1.06 X | ||||
| Total Debt | 73.45 M | ||||
| Debt To Equity | 0.14 % | ||||
| Current Ratio | 3.23 X | ||||
| Book Value Per Share | 13.39 X | ||||
| Cash Flow From Operations | (17.3 M) | ||||
| Short Ratio | 11.91 X | ||||
| Earnings Per Share | 0.33 X | ||||
| Price To Earnings To Growth | 0.98 X | ||||
| Target Price | 15.0 | ||||
| Number Of Employees | 3.85 K | ||||
| Beta | 1.13 | ||||
| Market Capitalization | 614.86 M | ||||
| Total Asset | 1.03 B | ||||
| Retained Earnings | 446.95 M | ||||
| Working Capital | 355.15 M | ||||
| Current Asset | 458.78 M | ||||
| Current Liabilities | 213.75 M | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 2.34 % | ||||
| Net Asset | 1.03 B | ||||
| Last Dividend Paid | 0.1 |
About Magellan Aerospace Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Magellan Aerospace's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Magellan Aerospace using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Magellan Aerospace based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | 28 M | 29.4 M | |
| Total Revenue | 879.6 M | 659.6 M | |
| Cost Of Revenue | 790.6 M | 567.2 M | |
| Sales General And Administrative To Revenue | 0.03 | 0.02 | |
| Capex To Revenue | 0.03 | 0.03 | |
| Revenue Per Share | 15.22 | 14.46 | |
| Ebit Per Revenue | 0.04 | 0.03 |
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
| 0.83 | BMO-PE | Bank of Montreal Earnings Call This Week | PairCorr |
| 0.91 | BMO | Bank of Montreal Earnings Call This Week | PairCorr |
| 0.8 | RY-PS | Royal Bank Earnings Call This Week | PairCorr |
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.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.