# Magellan Aerospace Corporation (MAL.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Industrials / Aerospace & Defense. Price C$32.90, market value C$1.9 billion.

## Valuation
- **P/E (trailing): 31.3×** (5-yr avg 30.2×, 3-yr avg 30.2×). Magellan Aerospace Corporation trades at 31.3× trailing earnings, close to its own five-year average of 30.2×. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 19.6×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 1.73**. A PEG of 1.73 is in the range usually read as fairly priced for its growth.
- **Price / sales: 1.7×**. Each dollar of revenue is priced at 1.7×.
- **Price / book: 2.2×**. The shares trade at 2.2× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 13.3×**. Enterprise value is 13.3× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: -1.3%** (5-yr avg 1.7%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 3.2%**. The inverse of the P/E: 3.2% of the price is earned each year.

## Profitability
- **Gross margin: 14.7%**. Magellan Aerospace Corporation keeps 14.7% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 8.6%**. 8.6% of revenue is left after running the business.
- **Net margin: 3.8%**. 3.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 4.8%**. 4.8% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 8.7%**. Return on all capital, debt included, is 8.7%.
- **Return on assets: 5.1%**. Each dollar of assets produces 5.1% of profit.

## Growth
- **Revenue growth (1 yr): 10.9%** (3-yr 11.0%/yr, 5-yr 7.0%/yr). Revenue grew 10.9% over the last year, against 7.0% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 11.3%** (5-yr 64.6%/yr). Earnings per share rose 11.3%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): -6.8%/yr**. Free cash flow has compounded at -6.8% a year over three years.

## Financial health
- **Debt to equity: 0.11**. Debt is 0.11 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.2×**. It would take 0.2 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 45.3×**. Operating profit covers interest 45.3× over, a safe margin.
- **Current ratio: 2.75** (quick 1.58). Current assets cover the next year's liabilities 2.75 times.
- **Piotroski F-score: 9/9**. 9 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 0.61%** (C$0.20 per share, trailing). Magellan Aerospace Corporation yields 0.61%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 25%**. 25% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): -16.1%/yr** (1-yr 75.0%). The dividend has not grown over five years.

## Price and momentum
- **Total return (1 yr): 106.3%** (YTD 78.3%, 3-mo 3.1%). The shares are up 106.3% over twelve months including dividends.
- **From 52-week high: -28.0%** (108.4% above the low). Trading 28% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 44**. An RSI of 44 is neutral.
- **Beta (1 yr): 1.37** (volatility 52%). Beta of 1.37 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MAL.TO · Page: https://foliofundamentals.com/stocks/mal.to

Not investment advice.