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Summary
- MDA Space is evolving into a full-stack space infrastructure company, leveraging internal innovation and strategic acquisitions.
- Q2 showed robust 34% YoY revenue growth and a surge in bookings, despite mild margin contraction and a YoY backlog decline.
- Guidance for 2026 revenue was raised, but still signals near-term sluggishness; the long-term demand outlook is improving with significant contract wins.
- Valuation has become attractive, with the forward P/E at 32.56 and a 12% forward PEG discount to the Industrials sector, justifying an upgrade to a buy rating.
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Introduction
Back in June, I initiated coverage on MDA Space Ltd. (MDA) (MDA:CA). While there were signs that the company was well positioned for long term tailwinds from the expanding space
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About MDA Stock
| Symbol | Last Price | % Chg |
|---|---|---|
| MDA MDA Space Ltd. | 30.92 | -1.06% |
| Post | 30.95 | 0.10% |
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Chart
Chart with 200 data points.
View as data table, Chart
The chart has 1 X axis displaying Time. Data ranges from 2026-08-17 09:30:00 to 2026-08-21 16:00:00.
The chart has 1 Y axis displaying values. Data ranges from 30.92 to 36.535.
Created with Highcharts 13.0.1Aug 17Aug…Aug 18Aug 19Aug 20Aug 21303540
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Market Cap$5.02B
PE (FWD)32.25
Yield-
Rev Growth (YoY)38.30%
Short Interest-
Prev. Close$31.25
Compare to Peers
More on MDA
MDA Space: Strong Buy As The Space Growth Strategy Expands
Rocket Lab-built satellites for MDA Space begin operations in orbit
MDA Space Non-GAAP EPS of $0.36 beats by $0.10, revenue of $498.6M beats by $180.04M
Rocket Lab: Strong Buy With An Investment Case That Goes Beyond Neutron
Related Stocks
| Symbol | Last Price | % Chg |
|---|---|---|
| MDA MDA | 30.92 | -1.06% |
| Post: | 30.95 | 0.10% |
| MDA:CA MDA:CA | 42.62 | -1.04% |
- 1D
- 5D
- 1M
- 6M
- 1Y
- 5Y
- 10Y
Chart
Line chart with 2 lines.
View as data table, Chart
The chart has 1 X axis displaying Time. Data ranges from 2026-08-17 09:30:00 to 2026-08-21 16:00:00.
The chart has 1 Y axis displaying values. Data ranges from -15.01 to 0.96.
Created with Highcharts 13.0.1Aug 17Aug…Aug 18Aug 19Aug 20Aug 21-20%-10%0%10%
End of interactive chart.
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