Magellan Aerospace Corporation (MAL) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Magellan Aerospace Corporation stock C$11.95, price C$31.59, that is 62.2% below the price, quality 64 out of 100. Rating: strongly overvalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range C$6.46 – C$42.73 · fair‑value band C$8.58 – C$15.54 · the C$31.59 price screens above the C$11.95 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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Magellan Aerospace Corporation engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe.
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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.
Stock analysis
Magellan Aerospace Corporation (MAL) currently trades at C$31.59, while our model-based Fair Value estimate is C$11.95, 62% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of C$16.08 per share, and 0 of the 25 models we run sit above the C$31.59 price.
Bear case: the Dividend Discount group reads lowest at C$2.48, and 25 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: C$8.58 (bear) to C$15.54 (bull), the price of C$31.59 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 64/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Magellan Aerospace Corporation reported revenue of C$1.0B in FY2025 versus C$688M in FY2021, a compound +11.0%/yr. Reported net income was C$39.4M in FY2025.
Key figures
Market cap C$1.8B (≈ $1.3B) Small · P/E ratio 31.5 · P/S ratio 1.59 · EPS (TTM) C$1.01 · Dividend yield 0.6% · Net margin 5.3% · Return on equity 7.1% · Return on assets (EBIT) 2.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 40 out of 100 (low confidence).
What moves the price
The share trades about 26% below its 52-week high and 99% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −23% fair-value upside, at −62%, MAL screens richer than that median.
Fair Value models
BearC$8.58Fair Value C$11.95BullC$15.54
Price C$31.59 · Downside -62.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (C$0.7138 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+10.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.0%
Start year 2020 (pandemic). Over 10 years: +0.9% a year
Revenue growth 33 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.1%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
≈ +73.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +72.9%
Dividend (yield on the price)0.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 2.6% / −6.6%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.6% → 8%
2025 sits 77% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 0.61 per share, median 1.53 in 2015 to 2018). It measures the recovery from the trough, not lasting growth.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+31.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+7.0%
Yearly sales growth analysts expect, extended to five years.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about +29.0% a year for the price and +4.8% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (76 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Compare Magellan Aerospace Corporation with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Aerospace & Defense · 238 stocks
Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score64 · Above median
Fair Value upside−62.2% · Below median
Profitability
Return on equity (12 months)7.1% · Below median
Return on assets3.4% · Below median
Net margin (12 months)5.3% · Below median
Operating margin (12 months)9.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)22.3% · Above median
Dividend yield (12 months)0.6% · Below median
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Aerospace & Defense median · lower = cheaper
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Is Magellan Aerospace Corporation (MAL) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of C$11.95 versus a price of C$31.59, about 62% lower (overvalued).
What is the fair value of MAL?
Our model-based fair value for Magellan Aerospace Corporation is C$11.95 (as of Nov 7, 2026), built from audited fundamentals. The current price: C$31.59.
What is the quality score of MAL?
Magellan Aerospace Corporation has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Magellan Aerospace Corporation (MAL)?
Our model-based price target is the fair value of C$11.95 (as of Nov 7, 2026) from 25 valuation models. Cautious scenario C$8.58, optimistic scenario C$15.54. It is a calculation from audited fundamentals, not an analyst target.
What is the Magellan Aerospace Corporation stock forecast for 2026?
Our models put fair value at C$11.95, about 62% lower versus a price of C$31.59 (overvalued). Cautious scenario C$8.58, optimistic scenario C$15.54. The calculation is refreshed regularly with new filings.
What is the revenue of Magellan Aerospace Corporation (MAL)?
Magellan Aerospace Corporation reported trailing-twelve-month revenue of about C$1.1B (latest available figure, as of Nov 7, 2026).
Does Magellan Aerospace Corporation pay a dividend?
Magellan Aerospace Corporation currently shows a dividend yield of 0.55% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Magellan Aerospace Corporation (MAL) and when is the ex-dividend date?
Magellan Aerospace Corporation pays a dividend of C$0.175 per share a year, a dividend yield of 0.6%. The last ex-dividend date was Sep 15, 2026. A dividend has been paid every year since at least 2013. The payout ratio is 17.3% of earnings. Free cash flow covers the dividend 2.76 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Magellan Aerospace Corporation (MAL)?
For today's price to be fair in a discounted-cash-flow model, Magellan Aerospace Corporation would have to grow free cash flow by +31.7 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.0 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of MAL use?
Our models discount Magellan Aerospace Corporation at 9.6 %: a base by market capitalisation (small), damped by beta 0.37, country premium for Canada. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Magellan Aerospace Corporation that is +31.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Magellan Aerospace Corporation (MAL) delivered so far?
Over the past 5 years revenue at Magellan Aerospace Corporation grew +7.0 % a year. The price currently implies free-cash-flow growth of +31.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Magellan Aerospace Corporation (MAL) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Magellan Aerospace Corporation (+31.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Magellan Aerospace Corporation (MAL)?
The free-cash-flow yield on the price is 1.54 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Magellan Aerospace Corporation produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Magellan Aerospace Corporation (MAL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Magellan Aerospace Corporation it is C$11.95 per share (as of Nov 7, 2026), against a price of C$31.59. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Magellan Aerospace Corporation stock overvalued or undervalued in 2026?
As of Nov 7, 2026, MAL trades above its calculated fair value: price C$31.59, fair value C$11.95, a gap of about −62% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MAL?
No. The price is what the market pays today (C$31.59); the fair value is what the company's own numbers justify (C$11.95). For Magellan Aerospace Corporation the two are C$19.64 per share apart. That gap is exactly why we show both numbers side by side.
How much is Magellan Aerospace Corporation worth?
The market values Magellan Aerospace Corporation at about C$1.8B (market capitalisation, as of Nov 7, 2026). Per share that is C$31.59; our models calculate a fair value of C$11.95 per share.
What do the bullish and bearish scenarios say about MAL?
Our models span a range for Magellan Aerospace Corporation: cautious scenario C$8.58, base C$11.95, optimistic C$15.54 per share (as of Nov 7, 2026, price C$31.59). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MAL?
Magellan Aerospace Corporation trades at a price-to-earnings ratio of 31.5 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$11.95 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 14.2. Other multiples: PEG 2.2, P/B 2.2, P/S 1.6, EV/EBITDA 13.0.
What is the PEG ratio of MAL?
The PEG ratio of Magellan Aerospace Corporation is 2.21 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Magellan Aerospace Corporation (MAL)?
Balance-sheet figures for Magellan Aerospace Corporation (as of Nov 7, 2026): return on equity 7.1%, debt of 0.03 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is MAL from its 52-week high?
Magellan Aerospace Corporation trades at C$31.59, about 26% below its 52-week high of C$42.73 and 99% above the low of C$15.90 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of C$11.95 is for.
Which stocks are comparable to Magellan Aerospace Corporation?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Magellan Aerospace Corporation stock attractive at the current price?
The data as of Nov 7, 2026: price C$31.59, calculated fair value C$11.95 (−62%), Quality Score 64/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MAL calculated?
We run Magellan Aerospace Corporation through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of C$11.95 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Magellan Aerospace Corporation itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Magellan Aerospace Corporation (MAL)?
The closing price on Nov 6, 2026 was C$31.59. Our model-based fair value is C$11.95, about 62% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Magellan Aerospace Corporation right now?
The price sits above even our optimistic bull case (C$15.54). The favourable scenario is already priced in. Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (C$8.58 to C$15.54) leaves room in how you read the outcome.
Where does the earnings growth of Magellan Aerospace Corporation (MAL) come from?
Earnings per share at Magellan Aerospace Corporation grew −10.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +0.5 %, EBIT margin −7.4 %, tax rate −1.2 %, residual (interest, one-offs) −2.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Magellan Aerospace Corporation
How large is the market capitalisation of Magellan Aerospace Corporation (MAL)?
The market capitalisation of Magellan Aerospace Corporation is C$1.8B (≈ $1.3B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Magellan Aerospace Corporation (MAL)?
The price-to-sales ratio of Magellan Aerospace Corporation is 1.59 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Magellan Aerospace Corporation (MAL)?
Earnings per share at Magellan Aerospace Corporation are C$1.01 (price ÷ EPS = P/E 31.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Magellan Aerospace Corporation (MAL)?
The dividend yield of Magellan Aerospace Corporation is 0.6% (payout 17.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Magellan Aerospace Corporation (MAL)?
The net margin of Magellan Aerospace Corporation is 5.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Magellan Aerospace Corporation (MAL)?
The return on equity (ROE) of Magellan Aerospace Corporation is 7.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Magellan Aerospace Corporation (MAL)?
On an EBIT basis the return on assets of Magellan Aerospace Corporation is 2.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Magellan Aerospace Corporation (MAL)?
The operating margin of Magellan Aerospace Corporation is 9.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Magellan Aerospace Corporation (MAL)?
Revenue at Magellan Aerospace Corporation is growing +22.3% versus a year earlier (3y avg +11.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Magellan Aerospace Corporation (MAL)?
Earnings per share at Magellan Aerospace Corporation are growing +270% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Magellan Aerospace Corporation (MAL) carry?
The net debt of Magellan Aerospace Corporation is C$24.6M (fiscal year 2025, ≈ 0.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 7, 2026