Maxim Power Corp (MXGFF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Maxim Power Corp $3.83, price $2.95, upside +29.8%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $1.04 – $4.42 · fair‑value band $2.39 – $6.76 · the $2.95 price screens below the $3.83 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Maxim Power Corp., an independent power producer, develops, owns, and operates power and power related projects in Canada. It operates Milner power plant(M2), a 300 MW combined cycle gas-fired power plant located in Grande Cache, Alberta. The company is headquartered in Calgary, Canada.
Stock analysis
Maxim Power Corp (MXGFF) currently trades at $2.95, while our model-based Fair Value estimate is $3.83, implying the stock looks roughly 23.0% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $6.15 per share, and 15 of the 21 models we run sit above the $2.95 price.
Bear case: the Multiples group reads lowest at $2.28, and 6 of the 21 models stay below the price. Evidence for this calculation is medium.
Scenario range: $2.39 (bear) to $6.76 (bull), the price of $2.95 sits inside 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 56/100 (solid quality), in the Utilities sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Maxim Power Corp reported revenue of C$82.7M in FY2025 versus C$156M in FY2021, a compound −14.7%/yr. Reported net income was C$16.7M in FY2025, compounding −32.1%/yr from FY2021.
Key figures
Market cap $189M · P/E ratio 19.7 · P/S ratio 3.97 · EPS (TTM) $0.1500 · Net margin 20.2% · Return on equity 4.1% · Return on assets (EBIT) 10.4% · Operating margin −27.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −32% fair-value upside, at 30%, MXGFF screens cheaper than that median.
Fair Value models
Bear $2.39Fair Value $3.83Bull $6.76
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($0.1134 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.Evidence ⓘEvidence = 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−18.6%
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.
−16.4%
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.
+12.1%
Start year 2020 (pandemic). Over 10 years: −3.9% a year
Revenue growth 28 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.
+19.5%
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What shareholders gained per year (last 5 years) ⓘ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.
−18.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−18.1%
Dividend (yield on the price)0.0%
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.18% → 0%
⚠ Revenue per share shrinking 6.9%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
+3.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +0.6% a year for the price.
Price, fair value, quality and upside side by side.
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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.Utilities - Independent Power Producers · 72 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+61.2% · Top 25%
Profitability
Return on equity (TTM)4.1% · Below median
Return on assets0.2% · Bottom 25%
Net margin (TTM)16.1% · Top 25%
Operating margin (TTM)−27.4% · Bottom 25%
Growth and dividend
Revenue growth−22.9% · Bottom 25%
Balance sheet
Debt / equity0.23× · Below median
Valuation Multiplesvs Utilities - Independent Power Producers median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Maxim Power Corp Fair Value". https://www.fairvalue-calculator.com/stock/MXGFF
Frequently asked questions
Is Maxim Power Corp (MXGFF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $3.83 versus a price of $2.95, about +30% upside (undervalued).
What is the fair value of MXGFF?
Our model-based fair value for Maxim Power Corp is $3.83 (as of Sep 24, 2026), built from audited fundamentals. The current price: $2.95.
What is the quality score of MXGFF?
Maxim Power Corp has a Quality Score of 56/100. 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 Maxim Power Corp (MXGFF)?
Our model-based price target is the fair value of $3.83 (as of Sep 24, 2026) from 21 valuation models. Cautious scenario $2.39, optimistic scenario $6.76. It is a calculation from audited fundamentals, not an analyst target.
What is the Maxim Power Corp stock forecast for 2026?
Our models put fair value at $3.83, about +30% upside versus a price of $2.95 (undervalued). Cautious scenario $2.39, optimistic scenario $6.76. The calculation is refreshed regularly with new filings.
What is the revenue of Maxim Power Corp (MXGFF)?
Maxim Power Corp reported trailing-twelve-month revenue of about $82.2M (latest available figure, as of Sep 24, 2026).
What growth is priced into Maxim Power Corp (MXGFF)?
For today's price to be fair in a discounted-cash-flow model, Maxim Power Corp would have to grow free cash flow by +3.0 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of MXGFF use?
Our models discount Maxim Power Corp at 11.2 %: a base by market capitalisation (micro), damped by beta 0.53, country premium for USA. 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 Maxim Power Corp that is +3.0 % per year a year over ten years, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has Maxim Power Corp (MXGFF) delivered so far?
Over the past 5 years revenue at Maxim Power Corp grew +12.1 % a year. The price currently implies +3.0 % per year free-cash-flow growth a 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 Maxim Power Corp (MXGFF) growing?
The median revenue growth in the sector is +3.2 % a year. That is the yardstick for the growth priced into Maxim Power Corp (+3.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Maxim Power Corp (MXGFF)?
The free-cash-flow yield on the price is 9.71 %: that much free cash flow Maxim Power Corp produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Maxim Power Corp (MXGFF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Maxim Power Corp it is $3.83 per share (as of Sep 24, 2026), against a price of $2.95. It is the blended result of 21 valuation models (cash flow, earnings, asset, dividend).
Is Maxim Power Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, MXGFF trades below its calculated fair value: price $2.95, fair value $3.83, a gap of about +30% (undervalued). 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 MXGFF?
No. The price is what the market pays today ($2.95); the fair value is what the company's own numbers justify ($3.83). For Maxim Power Corp the two are $0.8800 per share apart. That gap is exactly why we show both numbers side by side.
How much is Maxim Power Corp worth?
The market values Maxim Power Corp at about $189M (market capitalisation, as of Sep 24, 2026). Per share that is $2.95; our models calculate a fair value of $3.83 per share.
What do the bullish and bearish scenarios say about MXGFF?
Our models span a range for Maxim Power Corp: cautious scenario $2.39, base $3.83, optimistic $6.76 per share (as of Sep 24, 2026, price $2.95). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MXGFF?
Maxim Power Corp trades at a price-to-earnings ratio of 19.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $3.83 is built from several models across several years. Other multiples: PEG 2.0, P/B 0.6, P/S 2.3, EV/EBITDA 11.7.
What is the PEG ratio of MXGFF?
The PEG ratio of Maxim Power Corp is 2.02 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Maxim Power Corp (MXGFF)?
Balance-sheet figures for Maxim Power Corp (as of Sep 24, 2026): return on equity 4.1%, debt of 0.23 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is MXGFF from its 52-week high?
Maxim Power Corp trades at $2.95, about 12% below its 52-week high of $3.34 and 3% above the low of $2.87 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $3.83 is for.
Which stocks are comparable to Maxim Power Corp?
From the same area (Utilities) we also value Constellation Energy Corporation, Vistra Corp, Adani Power Limited, CGN Power Co, 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 Maxim Power Corp stock attractive at the current price?
The data as of Sep 24, 2026: price $2.95, calculated fair value $3.83 (+30%), Quality Score 56/100, from 21 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 MXGFF calculated?
We run Maxim Power Corp through 21 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $3.83, 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 14.5 % above its aggregate fair value. Maxim Power Corp currently trades 23 % below its own fair value, and the market average says nothing about that. 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 Maxim Power Corp (MXGFF)?
The closing price on Oct 2, 2026 was $2.95. Our model-based fair value is $3.83, about +30% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Maxim Power Corp right now?
The model range is unusually wide ($2.39 to $6.76). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Maxim Power Corp
How large is the market capitalisation of Maxim Power Corp (MXGFF)?
The market capitalisation of Maxim Power Corp is $189M. 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 Maxim Power Corp (MXGFF)?
The price-to-sales ratio of Maxim Power Corp is 3.97 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Maxim Power Corp (MXGFF)?
Earnings per share at Maxim Power Corp are $0.1500 (price ÷ EPS = P/E 19.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Maxim Power Corp (MXGFF)?
The net margin of Maxim Power Corp is 20.2% (fiscal year 2025). 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 Maxim Power Corp (MXGFF)?
The return on equity (ROE) of Maxim Power Corp is 4.1% (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 Maxim Power Corp (MXGFF)?
On an EBIT basis the return on assets of Maxim Power Corp is 10.4% (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 Maxim Power Corp (MXGFF)?
The operating margin of Maxim Power Corp is −27.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Maxim Power Corp (MXGFF)?
Revenue at Maxim Power Corp is growing −22.9% versus a year earlier (3y avg −16.4%). 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 Maxim Power Corp (MXGFF)?
Earnings per share at Maxim Power Corp are growing −7.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Maxim Power Corp (MXGFF) hold?
Maxim Power Corp holds more cash than debt, $56.6M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Sep 24, 2026