Bullboard - Stock Discussion Forum MDA Space Ltd MDALF

Primary Symbol: T.MDA

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators. AURORA technology... see more

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MDA Space Ltd > Scotia conference

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Post by logicandinertia on Nov 14, 2023 4:41pm

Scotia conference

An upbeat interview with ceo and cfo at the Scotia conference this morning.

talked robust pipeline, competitive differentiation, and ability to deliver many more satellites without tons of capex. Leverage associated with chorus likely to top out at 3 turns in 2024 but that is offset by annual growth of 20-25 percent for the next 3-4 years and the ultimate free cash flow generation that will come following the build.

I was buying more today on the weakness. The thematic drivers for MDA still not really understood imo. I think it is worth at least $16, based on comparable analysis . uS space names trade at 10-12x ebitda . Ebitda expected to be $200mm next year. Current EV $1.6 billion.

good luck to all .

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