MDA Space Ltd. (MDA) - Net Assets
Based on the latest financial reports, MDA Space Ltd. (MDA) has net assets worth $1.33 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.73 Billion) and total liabilities ($1.40 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read debt load of MDA Space Ltd. for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.33 Billion |
| % of Total Assets | 48.64% |
| Annual Growth Rate | 10.16% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 7.84 |
MDA Space Ltd. - Net Assets Trend (2022–2025)
This chart illustrates how MDA Space Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of MDA Space Ltd. for the complete picture of this company's asset base.
Annual Net Assets for MDA Space Ltd. (2022–2025)
The table below shows the annual net assets of MDA Space Ltd. from 2022 to 2025. For live valuation and market cap data, see MDA market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $986.71 Million | +20.74% |
| 2024-12-31 | $817.20 Million | +1.73% |
| 2023-12-31 | $803.32 Million | +8.83% |
| 2022-12-31 | $738.14 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MDA Space Ltd.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2364.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $180.01 Million | 18.24% |
| Common Stock | $759.29 Million | 76.95% |
| Other Comprehensive Income | $21.19 Million | 2.15% |
| Other Components | $26.22 Million | 2.66% |
| Total Equity | $986.71 Million | 100.00% |
MDA Space Ltd. Competitors by Market Cap
The table below lists competitors of MDA Space Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AU Optronics
TW:2409
|
$4.80 Billion |
|
Enphase Energy Inc
NASDAQ:ENPH
|
$4.80 Billion |
|
HUB24 Ltd
AU:HUB
|
$4.81 Billion |
|
Changchun High & New Technology Industries Group Inc
SHE:000661
|
$4.81 Billion |
|
Umicore S.A.
BR:UMI
|
$4.80 Billion |
|
Sonoco Products Company
NYSE:SON
|
$4.80 Billion |
|
Whitehaven Coal Ltd
AU:WHC
|
$4.79 Billion |
|
H&R Block Inc
NYSE:HRB
|
$4.79 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MDA Space Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 817,202,400 to 986,711,000, a change of 169,508,600 (20.7%).
- Net income of 79,009,700 contributed positively to equity growth.
- Other comprehensive income increased equity by 4,860,470.
- Other factors increased equity by 85,638,430.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $79.01 Million | +8.01% |
| Other Comprehensive Income | $4.86 Million | +0.49% |
| Other Changes | $85.64 Million | +8.68% |
| Total Change | $- | 20.74% |
Book Value vs Market Value Analysis
This analysis compares MDA Space Ltd.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.41x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 6.83x to 5.41x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | $6.03 | $41.19 | x |
| 2023-12-31 | $6.63 | $41.19 | x |
| 2024-12-31 | $6.48 | $41.19 | x |
| 2025-12-31 | $7.61 | $41.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MDA Space Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.01%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.64%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 2.48x
- Recent ROE (8.01%) is above the historical average (5.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 2.63% | 4.10% | 0.37x | 1.75x | $-54.41 Million |
| 2023 | 4.58% | 6.04% | 0.37x | 2.03x | $-43.51 Million |
| 2024 | 6.75% | 7.35% | 0.42x | 2.21x | $-26.55 Million |
| 2025 | 8.01% | 6.64% | 0.49x | 2.48x | $-19.66 Million |
Industry Comparison
This section compares MDA Space Ltd.'s net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $1,112,819,153
- Average return on equity (ROE) among peers: 4.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MDA Space Ltd. (MDA) | $1.33 Billion | 2.63% | 1.06x | $4.80 Billion |
| Archer Aviation Inc (ACHR) | $367.10 Million | -124.73% | 0.51x | $4.65 Billion |
| AAR Corp (AIR) | $845.10 Million | 1.21% | 0.72x | $4.31 Billion |
| Air Industries Group (AIRI) | $380.83K | 7.43% | 0.71x | $14.36 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $595.46 Million | -5.45% | 0.24x | $171.66 Million |
| Arxis, Inc. Class A Common Stock (ARXS) | $4.20 Billion | -1.19% | 0.64x | $2.41 Billion |
| Astronics Corporation (ATRO) | $25.83 Million | 10.27% | 1.55x | $2.42 Billion |
| AeroVironment Inc (AVAV) | $22.65 Million | 64.83% | 1.22x | $8.25 Billion |
| AEVEX Corp. (AVEX) | $164.27 Million | 47.82% | 2.39x | $1.24 Billion |
| Axon Enterprise Inc. (AXON) | $167.44 Million | 3.11% | 1.02x | $31.42 Billion |
| The Boeing Company (BA) | $4.74 Billion | 46.55% | 9.93x | $173.12 Billion |
About MDA Space Ltd.
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 serv… Read more