Relative Value

The Relative Value of one MDA stock under the Base Case scenario is 39.97 CAD. Compared to the current market price of 25.82 CAD, MDA Ltd is Undervalued by 35%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

MDA Relative Value
Base Case
39.97 CAD
Undervaluation 35%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
48
vs Industry
47
Median 3Y
2
Median 5Y
2.2
Industry
4.4
Forward
2
vs History
65
vs Industry
25
Median 3Y
33
Median 5Y
33.2
Industry
34.4
Forward
17.9
vs History
79
vs Industry
59
Median 3Y
7.5
Median 5Y
13.6
Industry
19.6
vs History
39
vs Industry
32
Median 3Y
10.7
Median 5Y
3.3
Industry
32.1
vs History
22
vs Industry
47
Median 3Y
1.6
Median 5Y
1.4
Industry
4.1
vs History
58
vs Industry
47
Median 3Y
2.4
Median 5Y
2.5
Industry
4.5
Forward
2.1
vs History
39
vs Industry
47
Median 3Y
8.7
Median 5Y
8.5
Industry
14
vs History
48
vs Industry
40
Median 3Y
13.4
Median 5Y
12.9
Industry
19.3
Forward
10.9
vs History
51
vs Industry
28
Median 3Y
24.1
Median 5Y
24
Industry
26.5
Forward
21.6
vs History
77
vs Industry
58
Median 3Y
9
Median 5Y
15.7
Industry
20.9
vs History
18
vs Industry
42
Median 3Y
-8.7
Median 5Y
-9.6
Industry
26.7
vs History
34
vs Industry
61
Median 3Y
1.1
Median 5Y
1
Industry
2.7

Multiples Across Competitors

MDA Competitors Multiples
MDA Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
MDA Ltd
TSX:MDA
3.3B CAD 2.2 29.8 13.1 23.8
US
Raytheon Technologies Corp
NYSE:RTX
238B USD 2.8 36.1 20.8 31.4
US
RTX Corp
LSE:0R2N
231.1B USD 2.7 35.1 20.3 30.6
NL
Airbus SE
PAR:AIR
152.6B EUR 2.1 30.1 17.9 27.1
US
Boeing Co
NYSE:BA
152.8B USD 1.9 -15 -26.9 -20.7
FR
Safran SA
PAR:SAF
122.1B EUR 4.2 28.3 20.5 26.8
UK
Rolls-Royce Holdings PLC
LSE:RR
93.3B GBP 4.8 16.1 22 28
US
Lockheed Martin Corp
NYSE:LMT
109.9B USD 1.5 26.2 16.2 20.6
US
General Dynamics Corp
NYSE:GD
93B USD 1.8 22 16 18.8
DE
Rheinmetall AG
XETRA:RHM
75B EUR 6.8 89.4 38.7 51.3
US
Northrop Grumman Corp
NYSE:NOC
81B USD 2 20.1 16.9 23
P/E Multiple
Earnings Growth PEG
CA
MDA Ltd
TSX:MDA
Average P/E: 33.3
29.8
40%
0.7
US
Raytheon Technologies Corp
NYSE:RTX
36.1
29%
1.2
US
RTX Corp
LSE:0R2N
35.1
29%
1.2
NL
Airbus SE
PAR:AIR
30.1
22%
1.4
US
Boeing Co
NYSE:BA
Negative Multiple: -15 N/A N/A
FR
Safran SA
PAR:SAF
28.3
N/A N/A
UK
Rolls-Royce Holdings PLC
LSE:RR
16.1
8%
2
US
Lockheed Martin Corp
NYSE:LMT
26.2
11%
2.4
US
General Dynamics Corp
NYSE:GD
22
11%
2
DE
Rheinmetall AG
XETRA:RHM
89.4
60%
1.5
US
Northrop Grumman Corp
NYSE:NOC
20.1
3%
6.7
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
MDA Ltd
TSX:MDA
Average EV/EBITDA: 20.2
13.1
26%
0.5
US
Raytheon Technologies Corp
NYSE:RTX
20.8
18%
1.2
US
RTX Corp
LSE:0R2N
20.3
18%
1.1
NL
Airbus SE
PAR:AIR
17.9
20%
0.9
US
Boeing Co
NYSE:BA
Negative Multiple: -26.9 N/A N/A
FR
Safran SA
PAR:SAF
20.5
16%
1.3
UK
Rolls-Royce Holdings PLC
LSE:RR
22
17%
1.3
US
Lockheed Martin Corp
NYSE:LMT
16.2
10%
1.6
US
General Dynamics Corp
NYSE:GD
16
10%
1.6
DE
Rheinmetall AG
XETRA:RHM
38.7
42%
0.9
US
Northrop Grumman Corp
NYSE:NOC
16.9
6%
2.8
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
MDA Ltd
TSX:MDA
Average EV/EBIT: 28.1
23.8
24%
1
US
Raytheon Technologies Corp
NYSE:RTX
31.4
31%
1
US
RTX Corp
LSE:0R2N
30.6
31%
1
NL
Airbus SE
PAR:AIR
27.1
27%
1
US
Boeing Co
NYSE:BA
Negative Multiple: -20.7 N/A N/A
FR
Safran SA
PAR:SAF
26.8
19%
1.4
UK
Rolls-Royce Holdings PLC
LSE:RR
28
21%
1.3
US
Lockheed Martin Corp
NYSE:LMT
20.6
12%
1.7
US
General Dynamics Corp
NYSE:GD
18.8
11%
1.7
DE
Rheinmetall AG
XETRA:RHM
51.3
45%
1.1
US
Northrop Grumman Corp
NYSE:NOC
23
7%
3.3