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Magellan Aerospace Corporation engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe. The company offers aero engine products, such as laser welded honeycomb and filament wound tubes, frames, compressor components, bypass ducts, hot section components, and aeroengine and helicopter drive shafts, as well as other flight safety critical machined components, including discs, seals, and spacers; and aerostructures comprising landing gear systems, wing ribs, spars and skins, bulkheads and fuselage components, tailcone assemblies, composite wing and fairing structures, horizontal and vertical stabilizers, plug and nozzle, exhaust systems, crown modules, and vane boxes and transition ducts. It also designs, engineers, and manufactures assemblies and components for aerospace markets, governments, space markets, and specialty products; wire strike protection systems for helicopter safety; space solutions, including small satellite bus platforms and satellite subsystem equipment, as well as offers services for satellite assembly, integration, and testing; and aluminum and magnesium alloy sand castings, such as engine mounted accessory gearbox housings, helicopter power transmission housings, auxiliary power unit inlet and gearbox housings, engine front inlet and intermediate cases, engine front frames and fan cases, pump and accessory drive housings, and environmental control housings. The company was incorporated in 1996 and is based in Mississauga, Canada.
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Magellan Aerospace designs, manufactures and supports aerospace systems and components for commercial and defence customers, supplying engine parts, aerostructures, assemblies and aftermarket MRO services. Long-term growth drivers include air-travel recovery, defence spending and content on multi‑year aircraft programs; its diversified product mix and integrated manufacturing and services may support cash flows.
Key risks include cyclical commercial demand, customer concentration with large OEM and military buyers, program execution and supply‑chain challenges, and currency and commodity exposure.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| 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 | 54.11M | 47.79M | 20.93M | -18.60M | 1.87M |
| Net income | 39.44M | 35.49M | 9.25M | -21.69M | -0.98M |
| Selling general administrative | 61.38M | 53.36M | 22.37M | 45.78M | 41.55M |
| Selling and marketing expenses | - | - | 31.64M | - | - |
| Gross profit | 140.72M | 107.89M | 88.99M | 35.06M | 48.33M |
| Reconciled depreciation | 47.55M | 44.72M | 46.62M | 47.41M | 51.89M |
| Ebit | 79.34M | 51.68M | 24.39M | -11.97M | 6.70M |
| Ebitda | 126.89M | 96.39M | 71.01M | 35.44M | 58.59M |
| Depreciation and amortization | 47.55M | 44.72M | 46.62M | 47.41M | 51.89M |
| Operating income | 79.34M | 50.95M | 31.70M | -11.97M | 6.70M |
| Other operating expenses | 965.34M | 891.41M | 847.92M | 778.21M | 684.59M |
| Interest expense | 1.68M | 3.89M | 3.46M | 2.74M | 2.65M |
| Tax provision | 14.67M | 12.30M | 11.69M | 3.09M | 2.85M |
| Interest income | 0.89M | 3.89M | 3.46M | 2.74M | 2.65M |
| Net interest income | -1.91M | -4.18M | -3.69M | -2.84M | -2.90M |
| Income tax expense | 14.67M | 12.30M | 11.69M | 3.09M | 2.85M |
| Total revenue | 1044.68M | 942.37M | 879.62M | 764.58M | 688.36M |
| Total operating expenses | 61.38M | 56.94M | 54.01M | 48.69M | 44.56M |
| Cost of revenue | 903.96M | 834.48M | 790.63M | 729.51M | 640.03M |
| Total other income expense net | -25.24M | -3.17M | -10.76M | -6.64M | -4.83M |
| Net income from continuing ops | 39.44M | 35.49M | 9.25M | -21.69M | -0.98M |
| Net income applicable to common shares | - | 35.49M | 9.25M | -21.69M | -0.98M |
| 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 | 1165.83M | 1146.25M | 1025.07M | 1010.89M | 1003.82M |
| Intangible assets | 35.71M | 36.25M | 37.40M | 41.42M | 47.77M |
| Other current assets | 12.17M | 11.73M | 10.44M | 9.97M | 33.23M |
| Total liab | 340.00M | 343.44M | 287.66M | 279.16M | 237.99M |
| Total stockholder equity | 822.45M | 799.44M | 734.04M | 728.35M | 762.45M |
| Deferred long term liab | - | - | - | 7.86M | 12.30M |
| Other current liab | 87.62M | - | 76.73M | 65.84M | 53.58M |
| Common stock | 249.50M | - | 250.15M | 251.10M | 252.34M |
| Capital stock | 249.50M | 249.76M | 250.15M | 251.10M | 252.34M |
| Retained earnings | 509.81M | 480.64M | 446.95M | 442.98M | 479.96M |
| Other liab | - | - | - | 45.91M | 46.85M |
| Good will | 23.51M | 23.95M | 22.16M | 22.18M | 21.79M |
| Other assets | - | - | - | 15.75M | 31.57M |
| Cash | 64.05M | 56.44M | 1.49M | 40.94M | 32.48M |
| Cash and equivalents | - | - | - | 2.75M | 16.66M |
| Total current liabilities | 238.17M | 237.74M | 195.65M | 181.56M | 133.65M |
| Current deferred revenue | 46.09M | - | 27.96M | 36.10M | 17.70M |
| Net debt | 24.56M | - | 71.96M | 21.07M | 35.28M |
| Short term debt | 35.07M | - | 24.97M | 10.31M | 10.27M |
| Short long term debt | 28.03M | 24.11M | 20.16M | 10.31M | 10.27M |
| Short long term debt total | 88.61M | - | 73.45M | 62.01M | 67.77M |
| Other stockholder equity | 15.61M | - | 15.61M | 15.61M | 15.61M |
| Property plant equipment | - | - | - | 414.91M | 431.23M |
| Total current assets | 654.96M | 643.10M | 550.80M | 512.28M | 481.29M |
| Net tangible assets | - | - | - | 672.61M | 705.18M |
| Short term investments | - | - | 3.08M | - | - |
| Net receivables | 299.97M | 187.88M | 280.42M | 235.02M | 230.57M |
| Long term debt | 23.91M | 24.21M | 24.17M | 23.93M | 26.86M |
| Inventory | 278.77M | 284.08M | 258.45M | 226.36M | 208.58M |
| Accounts payable | 69.38M | 58.98M | 65.98M | 69.32M | 52.10M |
| Accumulated other comprehensive income | 47.54M | - | 21.33M | 18.66M | 14.53M |
| Non currrent assets other | 9.20M | 14.10M | 13.13M | 11.37M | 13.25M |
| Non current assets total | 510.86M | 503.16M | 474.27M | 498.61M | 522.52M |
| Capital lease obligations | 36.67M | 38.10M | 29.13M | 27.76M | 30.64M |
| Long term debt total | - | - | - | 51.70M | 57.50M |
| 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 | - | -35.10M | -23.69M | -23.86M | -20.80M |
| Change to liabilities | - | - | - | 47.23M | 7.24M |
| Total cashflows from investing activities | -55.09M | -35.10M | -23.69M | -23.86M | -20.80M |
| Net borrowings | -4.49M | -11.16M | 15.59M | -9.22M | -48.76M |
| Total cash from financing activities | -15.45M | -17.62M | 1.01M | -26.27M | -73.01M |
| Change to operating activities | - | - | - | -0.44M | 2.22M |
| Net income | 39.44M | 35.49M | 9.25M | -21.69M | -0.98M |
| Change in cash | 7.61M | 47.73M | -32.23M | 8.46M | -81.46M |
| Begin period cash flow | 56.44M | 8.71M | 40.94M | 32.48M | 113.94M |
| End period cash flow | 64.05M | 56.44M | 1.49M | 40.94M | 32.48M |
| Total cash from operating activities | 78.60M | 99.29M | -17.30M | 58.54M | 12.53M |
| Depreciation | 47.55M | 44.72M | 46.62M | 47.41M | 51.89M |
| Other cashflows from investing activities | - | 0.95M | -4.53M | -0.36M | -3.13M |
| Dividends paid | 9.99M | -5.71M | -5.73M | 14.99M | 24.25M |
| Change to inventory | 2.39M | -12.75M | -32.02M | -15.79M | 3.23M |
| Change to account receivables | -11.86M | -2.06M | -41.96M | -3.22M | -50.35M |
| Sale purchase of stock | -0.94M | -0.69M | -1.62M | -2.06M | 0.00M |
| Other cashflows from financing activities | -6.67M | -0.05M | -0.02M | -0.23M | -39.44M |
| Change to netincome | - | - | - | 2.61M | -4.63M |
| Capital expenditures | 50.99M | 36.10M | 24.26M | 24.46M | 22.31M |
| Change in working capital | -6.55M | 19.50M | -77.22M | 30.22M | -33.76M |
| Stock based compensation | - | - | 0.13M | - | - |
| Other non cash items | 3.38M | 3.95M | 5.43M | 5.63M | 2.92M |
| Free cash flow | 27.61M | 63.19M | -41.56M | 34.08M | -9.79M |
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) |
|---|---|---|---|---|---|---|---|---|
| MAL Magellan Aerospace Corporation |
0.88 2.65% |
34.03 | 34.80 | 18.02 | 1.31 | 1.68 | 1.34 | 13.47 |
| RTX RTX CDR (CAD Hedged) |
0.17 0.37% |
46.58 | 33.89 | 26.53 | 2.72 | 3.67 | 3.14 | 18.41 |
| CAE CAE Inc. |
0.60 1.63% |
37.49 | 29.58 | 28.65 | 2.31 | 2.24 | 2.95 | 12.40 |
| BBD-PD Bombardier Inc Pref D |
-0.13 0.64% |
20.30 | - | - | 1.20 | - | - | - |
| BBD-PB Bombardier Inc Pref B |
-0.06 0.30% |
20.02 | - | - | 1.10 | - | - | - |
Magellan Aerospace Corporation engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe. The company offers aero engine products, such as laser welded honeycomb and filament wound tubes, frames, compressor components, bypass ducts, hot section components, and aeroengine and helicopter drive shafts, as well as other flight safety critical machined components, including discs, seals, and spacers; and aerostructures comprising landing gear systems, wing ribs, spars and skins, bulkheads and fuselage components, tailcone assemblies, composite wing and fairing structures, horizontal and vertical stabilizers, plug and nozzle, exhaust systems, crown modules, and vane boxes and transition ducts. It also designs, engineers, and manufactures assemblies and components for aerospace markets, governments, space markets, and specialty products; wire strike protection systems for helicopter safety; space solutions, including small satellite bus platforms and satellite subsystem equipment, as well as offers services for satellite assembly, integration, and testing; and aluminum and magnesium alloy sand castings, such as engine mounted accessory gearbox housings, helicopter power transmission housings, auxiliary power unit inlet and gearbox housings, engine front inlet and intermediate cases, engine front frames and fan cases, pump and accessory drive housings, and environmental control housings. The company was incorporated in 1996 and is based in Mississauga, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Norman Murray Edwards O.C. | Exec. Chairman | 1960 |
| Mr. Phillip Campion Underwood | Pres, CEO & Director | NA |
| Ms. Elena M. Milantoni CA, CPA | CFO & Corp. Sec. | NA |
| Mr. Haydn R. Martin | VP of Bus. Devel., Marketing & Contracts | NA |
| Ms. Jo-Ann C. Ball | VP of HR | NA |
| Mr. Norman Murray Edwards O.C. | Executive Chairman | 1960 |
| Mr. Phillip Campion Underwood | President, CEO & Director | NA |
| Ms. Elena M. Milantoni CA, CPA | CFO & Corporate Secretary | NA |
| Mr. Haydn R. Martin | Vice President of Business Development, Marketing & Contracts | NA |
| Mr. Ian Roberts | Vice President of Information Technology | NA |
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