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MDA Space Ltd. (MDA) Fair Value & Analysis

Industrials · US · Market cap $5.5B

What is MDA Space Ltd. really worth?

MS MDA Space Ltd. logo MDA Space Ltd. MDA · US
Price$29.06
Fair Value$6.94
Upside−76.1%
Quality51/100

A solid business, but trading 319% above our fair value of $6.94.

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Strengths

Healthy Growth (revenue 5y +38.7 %/yr)
Low debt · generates free cash flow

Risks

!Thin margins · 2.2% net margin
!Trails peers (2/13)
!Narrow moat 41/100
!Evidence only medium, so the estimate is less certain
!Weak on future: 1 out of 100
Evidence: Medium Range $5.21 – $8.68

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 22 days ago

Fair value updated Aug 13, 2026, revised from $6.90 to $6.94 (+0.6%) since Jul 18, 2026. Share price −15.2% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case ($8.68). The favourable scenario is already priced in.
  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (6 months)

$48.68 $23.61 Fair Value $6.94 Mar 2026 Sep 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 13, 2026.

How to read this chart

6‑month range $23.61 – $48.68 · fair‑value band $5.21 – $8.68 · the $29.06 price screens above the $6.94 fair value. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

MDA Space Ltd. (MDA) currently trades at $29.06, while our model-based Fair Value estimate is $6.94, implying the stock looks roughly 318.8% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of $26.07 per share, and 2 of the 24 models we run sit above the $29.06 price. Bear case: the Economic Profit group reads lowest at $4.48, and 22 of the 24 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, MDA Space Ltd. generated revenue of $2.1B at a net margin of 2.2%. Revenue grew 0.2% year over year. Net debt stands at $189M. The stock trades on a trailing P/E of 51.0. Fundamentals as of Aug 13, 2026

Our scenario range runs from $5.21 (bear case) to $8.68 (bull case); at $29.06, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 41% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at −76%, MDA screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $0.3857 per share, which is 5.6 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model 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. Evidence
Highest evidence
EPV $3.71 $4.48 $5.14 74
FCF DCF $18.22 $28.68 $61.29 73
Growth DCF $17.04 $33.48 $59.98 73
All 24 models by family
DCF Models
FCF DCF $18.22 $28.68 $61.29 73
Owner Earnings $4.59 $11.58 $25.73 67
5Y Revenue Exit $8.66 $14.02 $25.09 68
5Y EBITDA Exit $13.97 $24.76 $45.88 69
5Y P/E Exit $11.00 $23.42 $39.89 66
10Y Revenue Exit $11.46 $22.30 $27.88 65
10Y EBITDA Exit $15.48 $33.47 $64.07 62
10Y P/E Exit $13.36 $27.21 $48.96 59
Earnings-Based
Graham-Dodd $3.87 $27.00 $37.90 61
Lynch FV $13.95 $19.93 $25.91 59
PEG = 1.0 $13.95 $19.93 $25.91 55
EPV $3.71 $4.48 $5.14 74
Multiples
P/E Multiple $8.97 $11.96 $14.95 63
P/S Multiple $7.26 $9.68 $12.10 58
P/B Multiple $7.26 $9.68 $12.10 55
EV/EBIT $6.43 $8.95 $11.48 66
EV/EBITDA $11.83 $16.17 $20.50 67
EV/Revenue $4.25 $6.57 $8.90 53
Asset-Based
NCAV (Graham) $3.56 $4.76 $7.11 54
Growth DCF
Growth DCF $17.04 $33.48 $59.98 73
Rev-Margin DCF $9.57 $16.24 $30.31 67
Economic Profit
Residual Income $5.83 $6.22 $6.89 68
ROIC Compounder $3.71 $4.48 $5.14 70
Growth Earnings
Growth-Adj P/E $18.25 $26.07 $33.89 65

Widest divergence: Growth Earnings ($26.07) versus Economic Profit ($4.48). Highest evidence: EPV (74).

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Key figures & financial health

P/E ratio 51.0
P/S ratio 3.39 P/E × margin
EPS (TTM) $0.5700 price ÷ EPS = P/E 51.0
Net margin 6.6% FY2025
Return on assets (EBIT) 1.7% avg 5y
Operating margin 12.2% TTM
More key figures
Growth
Revenue (TTM) $2.1B TTM
Revenue growth (YoY) +0.2% 3y avg +36.0%
EPS growth (YoY) +1.4%
Balance sheet & cash flow
Free cash flow $169M FY2025
Net debt $189M FY2025 · ≈ 1.1 yrs of FCF

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 53 · Market factors (momentum, volatility) 12

Profitability 31
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 34
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 57
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

MDA Space Ltd. provides space technology solutions and services in Canada, the United States, Europe, Asia, the Middle East, and internationally.

Full company description

MDA Space Ltd. provides space technology solutions and services in Canada, the United States, Europe, Asia, the Middle East, and internationally. It offers satellite communications solutions, such as space-based broadband Internet, direct-to-device satellite communication, and IoT connectivity; MDA AURORA, a software-defined digital satellite product line; and autonomous robotics systems and services used to operate in space and on the surfaces of the Moon and Mars. The company also provides robotic systems, robotic interfaces, tooling, robotic ground control stations, and operations services; electro-optic and light detection and ranging sensors, vision and targeting systems, guidance, navigation, and control subsystems and planetary rover locomotion subsystems; MDA SKYMAKER, a suite of scalable and modular space robotics; and Canadarm3, a robotics system. In addition, it offers satellite-generated imagery and data to deliver critical and value-added insights for end users, such as national security, climate change monitoring, and maritime surveillance; collection, processing, and dissemination of Earth imagery data from space; defense command, control, communications, computers, intelligence, surveillance, and reconnaissance solutions, including command and control systems and airborne surveillance solutions; aeronautical navigation information solutions; and long endurance uncrewed aerial vehicle surveillance services. Further, operates as an owner and operator of the RADARSAT-2 Earth observation satellite; and is involved in the operation of MDA CHORUS, an Earth observation mission. It serves governments and space agencies, commercial space companies, and defense and aerospace prime contractors in the space industry. The company was formerly known as MDA Ltd. and changed its name to MDA Space Ltd. in May 2024. MDA Space Ltd. was incorporated in 1969 and is headquartered in Brampton, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MDA Space Ltd. reported revenue of C$1.2B in FY2025 versus C$377M in FY2021, a compound +33.3%/yr. Reported net income was C$79.0M in FY2025, compounding +142.3%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$1.2B
Latest YoY
+58.5%
Avg. revenue growth/yr (3Y) 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.
+36.0%
Avg. revenue growth/yr (5Y) 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.
+38.7%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+99.4% (99.4 + 0.0)
Revenue +33.3%/yr
FY21 C$377M
FY22 C$473M
FY23 C$609M
FY24 C$751M
FY25 C$1.2B
Net income +142.3%/yr
FY21 C$2.3M
FY22 C$19.4M
FY23 C$36.8M
FY24 C$55.2M
FY25 C$79.0M

MDA screens 319% overvalued. Compare with General Electric Company →

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Cite: Fair Value Calculator (2026). "MDA Space Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/MDA

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Aerospace & Defense · 229 stocks

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.

Quality Score 51 · Below median
Fair Value upside −76% · Bottom 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 2% · Below median
Operating margin (TTM) 12% · Above median
Revenue growth 0% · Below median
Debt / equity 0.28× · Higher than median

Valuation Multiples vs Aerospace & Defense median · lower = cheaper

P/E (TTM) 51.0× · Pricier than median
P/B 5.54× · Pricier than median
P/S (TTM) 2.61× · Cheaper than median
P/FCF 32.3× · Pricier than median
EV/EBITDA 37.4× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE1 · sector 50
PAST0 · sector 38
HEALTH86 · sector 93
DIVIDEND0 · sector 16

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Weapons Defense

Similar stocks

10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
General Electric Company GE $335.71 $116.71 −65%
RTX Corporation RTX $212.08 $88.37 −58%
Airbus SE AIR €213.00 €117.01 −45%
Lockheed Martin Corporation LMT $565.89 $419.01 −26%
Howmet Aerospace Inc HWM $264.85 $50.43 −81%
General Dynamics Corporation GD $379.32 $274.32 −28%
Northrop Grumman Corporation NOC $545.57 $356.59 −35%
TransDigm Group TDG $1,235 $571.03 −54%
L3Harris Technologies, Inc LHX $262.82 $146.55 −44%
Thales S.A HO €243.70 €171.13 −30%

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Frequently asked questions

Is MDA Space Ltd. (MDA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $6.94 versus a price of $29.06, about −76% upside (overvalued).
What is the fair value of MDA?
Our model-based fair value for MDA Space Ltd. is $6.94 (as of Aug 13, 2026), built from audited fundamentals. The current price: $29.06.
What is the quality score of MDA?
MDA Space Ltd. has a Quality Score of 51/100. 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 revenue of MDA Space Ltd. (MDA)?
MDA Space Ltd. reported trailing-twelve-month revenue of about $2.1B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of MDA?
The net profit margin of MDA Space Ltd. is about 2.2%, meaning it keeps roughly 2.2% of revenue as net income. Based on the latest reported figures.
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