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Industrials & materials

MDA Space (MDA)

Listed on the Toronto Stock Exchange; prices in Canadian dollars. All 218 TSX stocks.

Your signal

Sell19 / 100

Sell: 19 is at or below your Sell line of 40. Plays in (29%) scores 29 and lifts it; Off the high (−39% from its 1-year high) scores 0 and holds it back.

Every factor in this score has a tested record: each was checked month by month since 2011 on numbers public at the time.

Factor you weightMDAPointsWeightAdds
Plays in29%294011.6
Off the high−39% from its 1-year high0300.0
Trend−7% vs 200-day25307.5
Email me when it flips

Your signal is the one call Be The Puck makes on a stock, and you set it: weight the plays, analysts, P/E, growth, debt, trend and more, and move the Buy and Sell lines. Every page follows your choice. How the score works

All 18 factors for MDA
FactorMDAPointsWhat it is
Plays in29%29The share of the plays you count that hold it now.
Analysts' upside+64% · 12 analysts · capped: below 200-day50How far analysts' average 12-month target sits above the price (3+ analysts). −20% scores 0, +50% full marks; at most 50 while the price is below its 200-day average, since targets lag a falling price.
Analysts' rating1.7 · buy67The analysts' average recommendation: strong buy scores 100, hold or worse 0.
P/E51.4×17Price over the last four quarters' earnings per share. Lower ranks higher; a loss scores 0. Source: Yahoo Finance.
Forward P/E22.1×25Price over next year's expected earnings. Lower ranks higher; an expected loss scores 0. Source: Yahoo Finance.
PEG––P/E divided by expected earnings growth. Lower ranks higher; around 1 is often read as fair for the growth.
Price to sales3.5×52Market value over the last 12 months' revenue. Lower ranks higher. Source: Yahoo Finance.
Price to book3.0×49Price over book value (assets minus debts) per share. Lower ranks higher. Source: Yahoo Finance.
Dividend yieldnone0Dividends over the last year as a share of the price. Higher ranks higher; no dividend scores 0. Source: Yahoo Finance.
Earnings growth−5%25Earnings per share over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: Yahoo Finance.
Revenue growth+34%76Revenue over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: Yahoo Finance.
Profit margin6%36Net profit as a share of revenue. Higher ranks higher. Source: Yahoo Finance.
Return on equity7%33Profit as a share of shareholders' equity. Higher ranks higher. Source: Yahoo Finance.
Debt to equity0.20×74Debt against shareholders' equity. Lower ranks higher; negative equity scores 0. Source: Yahoo Finance.
Off the high−39% from its 1-year high0How far the price sits below its highest close of the last year: 100 points at the high, none at 30% or more below. The exit rule: a stock that keeps falling loses points whatever else it has going for it.
Trend−7% vs 200-day25How far the price sits above its 200-day average. Higher ranks higher.
1-year momentum+13%48The price change over the last 12 months. Higher ranks higher.
Low crash exposure2/10 · low80The storm test: 100 for no exposure, 10 points off per point of exposure.

The read

Test a theory on MDA

This analysis does not constitute trading advice. Please meet with an advisor or independently review sources before making any decision. New to this? Start with the basics.

Plays in29 / 100Every play Be The Puck tests, in 7 families.
Crash exposureLow2 of 10 on the storm testMayer Multiple0.93×Price ÷ its 200-day average (−7%). Higher than on 27% of days since 2022. Above 2.4 is Mayer's overheated zone.

The most accurate play in each family

Each family's play whose calls went the right way most often, tested on 351 stocks since 2005, and what it says about MDA now.

A call is right when the stock rose after an in call or fell after an out call. Trend plays are built to take many small losses for a few big wins, so their hit rates run lower; being right often isn't the same as making the most money. How we test a play.

Each candle is one trading day: the box spans the open and close, the thin line the day's high and low. Hollow boxes closed up, filled boxes closed down. Toggle the averages to see the trend the plays read. Dots above the candles mark news and company filings: hover or tap one to see the story and how the stock moved from the last close before it, against the market on the same days.

What moved MDA lately

Its biggest move against the S&P/TSX in the last 30 sessions, the news read on each, and how reliably that kind of news has moved stocks before. How it's measured

Two years of calls, week by week

InOutShare of plays in

One row per play, grouped by family. When most rows turn green at once, the trend is broad. When they split, the plays disagree and the stock is usually chopping sideways.

Every play on MDA

All 100 plays, by family.

Calls right: how often the play's calls on MDA went the right way since 2005. Record columns: play / buy and hold, annual return and worst drawdown since 2021. Click a column to sort.Sort with the menu above the list.

PlayCallSinceNext moveCalls rightAnnual returnWorst drawdown
Trend following
PB EMABitcoin Playboy · dailyOUTOct 7, 2026 −1.7%Enter above C$41.82 (+3.0%)23% 34/146+11.7% / +21.0%−43.8% / −65.7%
Bull Market Support BandBenjamin Cowen · weeklyOUTJul 17, 2026 −4.1%Enter above C$46.28 (+13.9%)30% 6/20+17.1% / +36.7%−39.7% / −53.8%
Ripster EMA CloudRipster · dailyOUTSep 29, 2026 −3.6%Enter above C$43.17 (+6.3%)29% 22/76+22.1% / +20.4%−36.1% / −65.7%
Trend TemplateMark Minervini · dailyOUTJul 9, 2026 −19.1%Not on one close17% 8/46+10.7% / +37.7%−44.6% / −53.8%
Stage AnalysisStan Weinstein · weeklyOUTAug 21, 2026 −4.7%Enter above C$46.51 (+14.5%)25% 5/20+14.7% / +32.4%−51.0% / −53.8%
Stage 2 + Mansfield RSStan Weinstein · weeklyOUTAug 21, 2026 −4.7%Enter above C$46.51 (+14.5%)21% 5/24+16.9% / +35.8%−51.5% / −53.8%
10-Month SMAMeb Faber · month-endOUTAug 31, 2026 +1.5%Enter above C$44.38 (+9.3%)50% 4/8+22.7% / +36.5%−49.2% / −53.8%
200-Day RulePaul Tudor Jones · dailyOUTSep 29, 2026 −3.6%Enter above C$43.85 (+8.0%)25% 6/24+29.9% / +36.0%−44.6% / −53.8%
Golden CrossMarket tradition · dailyOUTOct 2, 2026 −4.5%Enter above C$93.41 (+130.0%)50% 4/8+18.4% / +36.0%−60.9% / −53.8%
Granville 200-DayJoseph E. Granville · dailyOUTSep 29, 2026 −3.6%Enter above C$43.85 (+8.0%)25% 5/20+29.8% / +39.0%−44.6% / −53.8%
Hull Moving AverageAlan Hull · weeklyINSep 25, 2026 −8.9%Exit below C$40.79 (+0.4%)54% 14/26+27.5% / +20.0%−46.5% / −65.7%
Kaufman Adaptive MAPerry J. Kaufman · dailyOUTSep 29, 2026 −3.6%Enter above C$41.99 (+3.4%)26% 46/180+22.8% / +20.3%−49.1% / −65.7%
TEMA CrossoverPatrick G. Mulloy · dailyINSep 8, 2026 −2.4%Exit below C$34.10 (−16.0%)43% 23/53+17.7% / +21.4%−41.8% / −62.0%
Seykota 15/150Ed Seykota · dailyINJan 19, 2026 +10.5%Exit below C$12.81 (−68.5%)20% 1/5+27.8% / +44.9%−58.5% / −53.8%
Guppy Multiple MAsDaryl Guppy · dailyOUTJul 10, 2026 −15.7%Enter above C$62.58 (+54.1%)44% 12/27+16.2% / +20.0%−38.0% / −65.7%
Ichimoku CloudGoichi Hosoda · dailyOUTJul 10, 2026 −15.7%Not on one close35% 9/26+19.2% / +20.2%−36.1% / −65.7%
SupertrendOlivier Seban · dailyOUTAug 24, 2026 −1.4%Enter above C$44.93 (+10.6%)37% 13/35+12.2% / +19.2%−50.6% / −65.7%
Williams AlligatorBill Williams · dailyOUTOct 6, 2026 −5.3%Not on one close49% 36/74+13.1% / +19.2%−40.7% / −65.7%
Vortex IndicatorEtienne Botes & Douglas Siepman · dailyOUTOct 7, 2026 −1.7%Enter above C$47.44 (+16.8%)35% 53/151+12.8% / +17.7%−44.6% / −65.7%
AroonTushar S. Chande · dailyOUTOct 9, 2026 +1.1%Enter above C$45.62 (+12.3%)43% 23/53+19.0% / +20.4%−47.1% / −65.7%
Parabolic SARJ. Welles Wilder Jr. · dailyOUTSep 30, 2026 −3.6%Enter above C$43.20 (+6.4%)38% 45/118+19.3% / +19.7%−40.4% / −65.9%
ADX TrendJ. Welles Wilder Jr. · dailyOUTAug 7, 2026 −15.8%Not on one close47% 17/36+21.9% / +20.4%−31.1% / −65.7%
MACD Zero LineGerald Appel · dailyOUTOct 1, 2026 −1.3%Enter above C$48.19 (+18.6%)37% 15/41+19.0% / +19.6%−42.6% / −65.7%
Zweig 4% ModelMartin Zweig · weeklyOUTOct 2, 2026 −4.5%Enter above C$41.79 (+2.9%)37% 28/75+5.4% / +20.6%−52.0% / −65.7%
MAMA/FAMA CrossJohn F. Ehlers · dailyOUTOct 8, 2026 +4.7%Enter above C$45.82 (+12.8%)34% 18/53+15.6% / +19.6%−41.4% / −65.7%
Schaff Trend CycleDoug Schaff · dailyOUTOct 8, 2026 +4.7%Not on one close39% 22/56+16.7% / +21.4%−41.4% / −62.0%
Zero Lag EC CrossJohn F. Ehlers & Ric Way · dailyOUTSep 30, 2026 −3.6%Enter above C$48.66 (+19.8%)41% 14/34+26.5% / +20.4%−34.3% / −65.7%
DP Trend ModelCarl Swenlin & Erin Swenlin · dailyOUTJul 16, 2026 −8.0%Enter above C$65.48 (+61.2%)39% 9/23+13.8% / +20.4%−43.1% / −65.7%
Elder Triple ScreenAlexander Elder · dailyOUTOct 8, 2026 +4.7%Not on one close45% 17/38+20.7% / +34.5%−34.1% / −53.8%
Holy GrailLinda Bradford Raschke & Larry Connors · dailyOUTJun 12, 2026 −22.1%Not on one close50% 7/14+4.9% / +19.6%−8.7% / −65.7%
Breakouts & channels
Four-Week RuleRichard Donchian · dailyOUTOct 8, 2026 +4.7%Enter above C$45.62 (+12.3%)47% 15/32+11.8% / +19.2%−49.7% / −65.7%
Turtle System 1Richard Dennis & William Eckhardt · dailyOUTJun 5, 2026 −24.1%Enter above C$45.62 (+12.3%)31% 8/26+17.6% / +19.5%−40.7% / −65.7%
Turtle System 2Richard Dennis & William Eckhardt · dailyOUTJul 10, 2026 −15.7%Enter above C$51.34 (+26.4%)27% 6/22+8.8% / +19.5%−50.9% / −65.7%
Clenow TrendAndreas F. Clenow · dailyOUTJun 3, 2026 −27.3%Enter above C$102.23 (+151.7%)23% 6/26+5.3% / +20.4%−56.5% / −65.7%
Darvas BoxNicolas Darvas · dailyOUTJul 10, 2026 −15.7%Enter above C$51.34 (+26.4%)35% 7/20+22.7% / +19.2%−50.0% / −65.7%
Keltner ChannelChester W. Keltner & Linda Bradford Raschke · dailyOUTJun 5, 2026 −24.1%Enter above C$46.83 (+15.3%)44% 14/32+22.1% / +20.3%−25.1% / −65.7%
Bollinger BreakoutJohn Bollinger · dailyOUTOct 1, 2026 −1.3%Enter above C$46.21 (+13.8%)39% 18/46+25.1% / +18.9%−25.8% / −65.7%
Chandelier ExitChuck LeBeau · dailyOUTAug 21, 2026 −4.7%Enter above C$44.65 (+9.9%)37% 19/52+8.6% / +20.6%−46.5% / −65.7%
Wilder Volatility SystemJ. Welles Wilder Jr. · dailyOUTOct 8, 2026 +4.7%Enter above C$44.30 (+9.0%)34% 15/44+13.9% / +19.2%−40.1% / −65.7%
P&F Double TopA.W. Cohen & Thomas J. Dorsey · dailyOUTAug 19, 2026 −9.2%Enter above C$45.69 (+12.5%)39% 18/46+22.1% / +19.1%−42.7% / −65.9%
Chande Kroll StopTushar S. Chande & Stanley Kroll · dailyOUTOct 8, 2026 +4.7%Enter above C$43.17 (+6.3%)27% 25/92+9.6% / +20.4%−42.5% / −65.7%
Acceleration BandsPrice Headley · dailyOUTJun 1, 2026 −30.7%Not on one close47% 17/36+17.7% / +19.2%−18.7% / −65.7%
TTM SqueezeJohn F. Carter · dailyOUTSep 30, 2026 −3.6%Not on one close39% 11/28+2.0% / +20.3%−31.3% / −65.7%
NR7 BreakoutToby Crabel · dailyOUTOct 7, 2026 −1.7%Enter above C$42.40 (+4.4%)33% 59/178+17.6% / +19.1%−56.0% / −65.9%
Bollinger SqueezeJohn Bollinger · dailyOUTOct 1, 2026 −1.3%Not on one close50% 2/4+3.3% / +20.8%−7.9% / −64.5%
Momentum
12-Month MomentumMoskowitz, Ooi & Pedersen · month-endINSep 30, 2026 −3.6%Exit below C$28.39 (−30.1%)40% 2/5+22.9% / +41.5%−55.2% / −53.8%
12-1 MomentumNarasimhan Jegadeesh & Sheridan Titman · month-endINSep 30, 2026 −3.6%Not on one close57% 4/7+25.9% / +41.5%−53.8% / −53.8%
Dual MomentumGary Antonacci · month-endINSep 30, 2026 −3.6%Exit below C$31.57 (−22.3%)60% 3/5+24.6% / +41.5%−55.2% / −53.8%
Stocks on the MoveAndreas F. Clenow · dailyOUTAug 18, 2026 −14.1%Not on one close15% 5/33+10.0% / +20.8%−37.1% / −65.7%
52-Week HighThomas J. George & Chuan-Yang Hwang · month-endOUTSep 30, 2025 +17.2%Enter above C$63.77 (+57.0%)50% 3/6+19.9% / +36.0%−33.6% / −53.8%
Levy Relative StrengthRobert A. Levy · weeklyOUTJul 17, 2026 −4.1%Enter above C$49.36 (+21.5%)25% 6/24+15.7% / +20.4%−42.9% / −64.7%
MACD Signal CrossGerald Appel · dailyOUTOct 7, 2026 −1.7%Enter above C$43.95 (+8.2%)35% 38/109+15.0% / +19.6%−49.9% / −65.7%
Elder ImpulseAlexander Elder · dailyOUTOct 7, 2026 −1.7%Enter above C$41.49 (+2.1%)32% 55/172+21.1% / +19.6%−42.0% / −65.7%
Know Sure ThingMartin J. Pring · dailyOUTOct 8, 2026 +4.7%Enter above C$48.66 (+19.8%)36% 27/75+12.5% / +19.3%−51.3% / −65.7%
Coppock CurveEdwin S. C. Coppock · month-endINApr 28, 2023 +509.0%Not on one close–+70.0% / +70.0%−53.8% / −53.8%
CCI +100Donald R. Lambert · dailyOUTSep 28, 2026 −7.6%Enter above C$46.69 (+15.0%)32% 44/136+16.9% / +19.2%−20.3% / −65.7%
TRIX Signal CrossJack K. Hutson · dailyINSep 17, 2026 −4.2%Exit below C$43.19 (+6.3%)39% 22/56+14.1% / +20.4%−45.7% / −65.7%
TSI Zero LineWilliam Blau · dailyOUTOct 1, 2026 −1.3%Enter above C$48.25 (+18.8%)41% 15/37+18.6% / +20.4%−42.6% / −65.7%
13612W MomentumWouter J. Keller & Jan Willem Keuning · month-endINSep 30, 2026 −3.6%Exit below C$40.98 (+0.9%)55% 6/11+31.6% / +41.5%−41.5% / −53.8%
Market-State MomentumMichael J. Cooper, Roberto C. Gutierrez Jr. & Allaudeen Hameed · month-endINSep 30, 2026 −3.6%Not on one close50% 2/4+28.5% / +52.3%−53.8% / −53.8%
Frog in the PanZhi Da, Umit G. Gurun & Mitch Warachka · dailyINSep 30, 2026 −3.6%Not on one close11% 1/9−0.6% / +41.5%−53.8% / −53.8%
PMO Signal CrossCarl Swenlin · dailyOUTOct 8, 2026 +4.7%Enter above C$42.67 (+5.0%)36% 24/67+14.1% / +21.4%−42.8% / −62.0%
Mean reversion
RSI 30/70J. Welles Wilder Jr. · dailyOUTJan 13, 2026 +35.8%Not on one close60% 6/10+15.6% / +18.3%−43.7% / −65.7%
RSI(2) PullbackLarry Connors & Cesar Alvarez · dailyOUTAug 27, 2026 −3.5%Not on one close60% 42/70+3.3% / +36.0%−30.3% / −53.8%
Double 7sLarry Connors & Cesar Alvarez · dailyOUTSep 8, 2026 −2.4%Not on one close60% 48/80+1.1% / +36.0%−59.7% / −53.8%
Bollinger ReversionJohn Bollinger · dailyINOct 8, 2026 +4.7%Sell above C$42.39 (+4.4%)73% 37/51+10.6% / +18.9%−39.7% / −65.7%
Stochastic 20/80George C. Lane · dailyINOct 13, 2026 0.0%Not on one close59% 22/37+1.2% / +19.7%−57.8% / −65.7%
Williams %RLarry Williams · dailyINOct 9, 2026 +1.1%Not on one close60% 39/65+11.2% / +17.7%−52.6% / −65.7%
DeMark 9-CountTom DeMark · dailyINJul 17, 2026 −4.1%Not on one close59% 10/17+13.8% / +17.5%−40.2% / −65.9%
Mayer MultipleTrace Mayer · dailyINJan 21, 2022 +321.4%Sell above C$105.99 (+160.9%)–+36.0% / +36.0%−53.8% / −53.8%
ConnorsRSI PullbackLarry Connors & Cesar Alvarez & Matt Radtke · dailyOUTMar 31, 2026 +15.3%Not on one close61% 11/18+3.2% / +21.4%−15.9% / −62.0%
Laguerre RSIJohn F. Ehlers · dailyINOct 9, 2026 +1.1%Not on one close51% 41/81+33.4% / +20.3%−32.0% / −65.7%
StochRSI 20/80Tushar S. Chande & Stanley Kroll · dailyINOct 2, 2026 −4.5%Not on one close57% 59/103+7.2% / +20.3%−56.7% / −65.7%
IBS ReversionAlexander S. Pagonidis · dailyOUTOct 9, 2026 +1.1%Buy below C$40.62 (0.0%)61% 295/480+31.8% / +17.9%−16.0% / −68.3%
Connors %bLarry Connors & Cesar Alvarez · dailyOUTSep 17, 2026 −4.2%Not on one close75% 15/20+20.0% / +36.0%−25.4% / −53.8%
Fisher TransformJohn F. Ehlers · dailyOUTSep 28, 2026 −7.6%Enter above C$39.40 (−3.0%)39% 91/233+41.4% / +19.6%−39.1% / −65.7%
1-Month ReversalNarasimhan Jegadeesh & Bruce N. Lehmann · month-endOUTSep 30, 2026 −3.6%Buy below C$43.00 (+5.9%)61% 20/33+8.9% / +20.6%−51.9% / −65.7%
Volume & money flow
On-Balance VolumeJoseph E. Granville · dailyINOct 13, 2026 0.0%Exit below C$40.62 (0.0%)25% 40/163+16.2% / +18.9%−45.4% / −65.7%
Chaikin Money FlowMarc Chaikin · dailyOUTOct 7, 2026 −1.7%Not on one close43% 23/53+20.3% / +19.2%−39.5% / −65.7%
Money Flow IndexGene Quong & Avrum Soudack · dailyINJun 18, 2026 −27.0%Not on one close22% 2/9−11.5% / +18.3%−54.7% / −65.7%
Negative Volume IndexNorman Fosback & Paul Dysart · dailyOUTJul 17, 2026 −4.1%Enter above C$46.74 (+15.1%)32% 11/34−1.5% / +37.9%−51.0% / −53.8%
Force IndexAlexander Elder · dailyOUTOct 8, 2026 +4.7%Enter above C$40.83 (+0.5%)28% 38/135+15.8% / +20.6%−51.7% / −65.7%
Buff AveragesBuff Dormeier · dailyOUTOct 5, 2026 −3.4%Enter above C$55.75 (+37.3%)33% 30/90+17.7% / +18.9%−41.2% / −65.7%
Chaikin OscillatorMarc Chaikin · dailyINOct 13, 2026 0.0%Not on one close34% 41/119+13.2% / +19.2%−45.9% / −65.7%
Volume Flow IndicatorMarkos Katsanos · dailyINSep 25, 2026 −8.9%Not on one close21% 4/19+25.6% / +37.4%−53.8% / −53.8%
Klinger OscillatorStephen J. Klinger · dailyINOct 13, 2026 0.0%Sell C$38.60–C$40.24 (−0.9%)37% 68/182+20.2% / +19.7%−53.0% / −65.7%
Candles & chart patterns
Engulfing SwitchSteve Nison & Thomas N. Bulkowski · dailyINSep 3, 2026 +1.4%Not on one close63% 32/51+40.8% / +17.7%−39.8% / −65.9%
HikkakeDaniel L. Chesler · dailyOUTFeb 5, 2026 +16.1%Not on one close27% 8/30+4.5% / +17.1%−35.5% / −66.7%
Turtle Soup Plus OneLinda Bradford Raschke & Larry Connors · dailyINOct 9, 2026 +1.1%Exit below C$38.48 (−5.3%)41% 7/17+3.1% / +19.5%−11.8% / −65.7%
Calendar
Halloween IndicatorSven Bouman & Ben Jacobsen & Yale Hirsch & Jeffrey Hirsch · dailyOUTApr 30, 2026 −2.2%Buys Oct 3055% 6/11+7.4% / +17.9%−55.4% / −68.3%
Best Six + MACDYale Hirsch & Jeffrey Hirsch · dailyOUTApr 24, 2026 −7.7%Enter above C$43.77 (+7.7%)40% 4/10+5.4% / +19.6%−56.3% / −65.7%
Seasonal TimingSy Harding · dailyOUTApr 27, 2026 −4.0%Window opens Oct 1640% 4/10+1.0% / +19.6%−49.2% / −65.7%
Santa Claus RallyYale Hirsch & Jeffrey Hirsch · dailyOUTJan 5, 2026 +47.1%Buys Dec 2360% 6/10+5.3% / +17.9%−4.8% / −68.3%
Turn of the MonthJosef Lakonishok & Seymour Smidt & Robert A. Ariel · dailyOUTOct 5, 2026 −3.4%Buys Oct 2948% 64/132+9.2% / +17.9%−26.7% / −68.3%
Presidential Sweet SpotYale Hirsch & Jeffrey Hirsch · dailyINSep 30, 2026 −3.6%Sells Jun 3067% 2/3+4.4% / +17.9%−23.6% / −68.3%
Pre-HolidayRobert A. Ariel & Josef Lakonishok & Seymour Smidt · dailyOUTSep 4, 2026 −0.5%Buys Nov 2451% 51/100+13.0% / +17.9%−4.4% / −68.3%
January BarometerYale Hirsch & Jeffrey Hirsch · month-endINDec 30, 2022 +534.7%Not on one close50% 1/2+47.3% / +35.3%−53.8% / −53.8%
Weekend EffectKenneth French & Josef Lakonishok & Seymour Smidt · dailyINOct 13, 2026 0.0%Sells Oct 1651% 292/575+9.0% / +17.9%−54.1% / −68.3%
Pre-FOMC DriftDavid Lucca & Emanuel Moench · dailyOUTSep 16, 2026 0.0%Buys Oct 2751% 45/88+4.5% / +17.9%−10.9% / −68.3%
Lunar CycleKathy Yuan, Lu Zheng & Qiaoqiao Zhu · dailyINOct 2, 2026 −4.5%Sells Oct 1648% 65/136+20.4% / +17.9%−44.1% / −68.3%
Benchmark
Buy & HoldJohn C. Bogle · benchmarkINApr 7, 2021Always in–+20.6%−68.3%

If the market cracks: the storm test

How the storm test works
ExposureLow2 of 10 points
  • Market swings0/3
  • Past crashes2/2
  • Debt0/3
  • Run-up0/2
  • It fell about 2.0× as far as its index in past crashes.

Past crashes, peak to low

2022 bear market Jan 2022 to Oct 2022 · back to its old high Aug 2023

MDA−28%
TSX−14%
  • Beta1.10Moves about 1.1× as much as the TSX week to week.
  • Downside capture−192%In months the TSX fell, this fell -192% as much on average (it often rose anyway).
  • Two-year change+92%Run-ups of 100%+ crashed 40% or more within two years about half the time (Greenwood, Shleifer & You).
  • From 52-week high−39%
  • Debt to equity0.28×
  • Net debt / EBITDANet cashHolds more cash than debt.
  • Interest cover10.0×

A crash marks every stock down; debt decides which companies come through. The storm test scores both halves: how hard the stock swings with the market, and how much debt it carries into a downturn. It describes fragility; it does not predict a crash.

The business behind the price

How to judge these numbers

Aerospace & Defense · 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.

Size and valuation
Market capC$6.6BWhat the whole company is worth at today's price: share price × shares outstanding.
Revenue (last 12 months)C$1.9BTotal sales. The market values it at 3.5× sales.
P/E ratio51.4×Buyers pay C$51 for each C$1 of the last year's profit.
Forward P/E22.1×Price against analysts' estimate of next year's profit. Lower than the P/E means profit is expected to grow.
Price to book3.0×Price against the company's net assets (its equity) per share.
Profit and growth
Profit margin5.7%Keeps 6¢ of each dollar of sales as profit.
Revenue growth+33.6%Last quarter's sales against the same quarter a year earlier.
Earnings growth−4.8%Same comparison for profit.
Return on equity6.7%Yearly profit as a share of shareholders' money in the business.
Free cash flow−C$143MBurning cash: needs savings or new money to keep going.
Balance sheet
Total equityC$1.4BWhat it owns minus what it owes.
Total debtC$378MLoans and bonds it has to pay back, with interest.
CashC$398MCash and short-term investments on hand.
Debt to equity0.28×Comfortable.
Interest cover10.0×Interest is easily paid from profit.
Wall Street
Average analyst targetC$66.5064% above the close, from 12 analysts (range C$48.00 to C$88.00).
Consensus ratingBuyAnalysts' average recommendation. Ratings lean positive: sell ratings are rare.

Company figures from Yahoo Finance, fetched Oct 14, 2026. Analyst targets are opinions, not forecasts Be The Puck checks.

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