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MAXIM POWER CORP (MXG.CA) Stock Fundamental Analysis

TSX:MXG - CA57773Y2096 - Common Stock

4.49 CAD
+0.04 (+0.9%)
Last: 9/3/2025, 7:00:00 PM
Fundamental Rating

5

MXG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 31 industry peers in the Independent Power and Renewable Electricity Producers industry. MXG has an excellent financial health rating, but there are some minor concerns on its profitability. MXG is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

MXG had positive earnings in the past year.
MXG had a positive operating cash flow in the past year.
MXG had positive earnings in each of the past 5 years.
In the past 5 years MXG always reported a positive cash flow from operatings.
MXG.CA Yearly Net Income VS EBIT VS OCF VS FCFMXG.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M

1.2 Ratios

MXG has a Return On Assets of 3.90%. This is amongst the best in the industry. MXG outperforms 90.32% of its industry peers.
With a decent Return On Equity value of 4.39%, MXG is doing good in the industry, outperforming 77.42% of the companies in the same industry.
The Return On Invested Capital of MXG (2.43%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA 3.9%
ROE 4.39%
ROIC 2.43%
ROA(3y)7.94%
ROA(5y)10.57%
ROE(3y)10.73%
ROE(5y)14.61%
ROIC(3y)N/A
ROIC(5y)N/A
MXG.CA Yearly ROA, ROE, ROICMXG.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20

1.3 Margins

MXG has a Profit Margin of 15.38%. This is amongst the best in the industry. MXG outperforms 96.77% of its industry peers.
MXG's Profit Margin has declined in the last couple of years.
The Operating Margin of MXG (12.18%) is comparable to the rest of the industry.
MXG's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 37.26%, MXG is doing worse than 74.19% of the companies in the same industry.
MXG's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 12.18%
PM (TTM) 15.38%
GM 37.26%
OM growth 3Y-20.69%
OM growth 5YN/A
PM growth 3Y-24.54%
PM growth 5YN/A
GM growth 3Y-8.51%
GM growth 5YN/A
MXG.CA Yearly Profit, Operating, Gross MarginsMXG.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500 -500

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8

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MXG is destroying value.
The number of shares outstanding for MXG has been increased compared to 1 year ago.
The number of shares outstanding for MXG has been increased compared to 5 years ago.
Compared to 1 year ago, MXG has an improved debt to assets ratio.
MXG.CA Yearly Shares OutstandingMXG.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
MXG.CA Yearly Total Debt VS Total AssetsMXG.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

2.2 Solvency

An Altman-Z score of 5.35 indicates that MXG is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 5.35, MXG belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
There is no outstanding debt for MXG. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 5.35
ROIC/WACC0.28
WACC8.67%
MXG.CA Yearly LT Debt VS Equity VS FCFMXG.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M 300M

2.3 Liquidity

MXG has a Current Ratio of 6.63. This indicates that MXG is financially healthy and has no problem in meeting its short term obligations.
MXG has a Current ratio of 6.63. This is amongst the best in the industry. MXG outperforms 96.77% of its industry peers.
A Quick Ratio of 6.63 indicates that MXG has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 6.63, MXG belongs to the top of the industry, outperforming 96.77% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 6.63
Quick Ratio 6.63
MXG.CA Yearly Current Assets VS Current LiabilitesMXG.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M

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2

3. Growth

3.1 Past

The earnings per share for MXG have decreased strongly by -45.77% in the last year.
Measured over the past years, MXG shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -34.87% on average per year.
The Revenue has decreased by -1.98% in the past year.
The Revenue has been growing by 29.10% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-45.77%
EPS 3Y-34.87%
EPS 5YN/A
EPS Q2Q%-78.29%
Revenue 1Y (TTM)-1.98%
Revenue growth 3Y-13.36%
Revenue growth 5Y29.1%
Sales Q2Q%25.98%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
MXG.CA Yearly Revenue VS EstimatesMXG.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
MXG.CA Yearly EPS VS EstimatesMXG.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 -0.2 -0.4 -0.6 -0.8

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3

4. Valuation

4.1 Price/Earnings Ratio

MXG is valuated rather expensively with a Price/Earnings ratio of 19.52.
77.42% of the companies in the same industry are more expensive than MXG, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.84. MXG is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 19.52
Fwd PE N/A
MXG.CA Price Earnings VS Forward Price EarningsMXG.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

77.42% of the companies in the same industry are more expensive than MXG, based on the Enterprise Value to EBITDA ratio.
MXG's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. MXG is cheaper than 77.42% of the companies in the same industry.
Industry RankSector Rank
P/FCF 17.75
EV/EBITDA 9.35
MXG.CA Per share dataMXG.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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4

5. Dividend

5.1 Amount

MXG has a Yearly Dividend Yield of 11.21%, which is a nice return.
MXG's Dividend Yield is rather good when compared to the industry average which is at 4.66. MXG pays more dividend than 100.00% of the companies in the same industry.
MXG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
Industry RankSector Rank
Dividend Yield 11.21%

5.2 History

MXG does not have a reliable dividend history as it only pays dividend since a couple or years.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
MXG.CA Yearly Dividends per shareMXG.CA Yearly Dividends per shareYearly Dividends per share 2024 0.1 0.2 0.3 0.4

5.3 Sustainability

226.59% of the earnings are spent on dividend by MXG. This is not a sustainable payout ratio.
DP226.59%
EPS Next 2YN/A
EPS Next 3YN/A
MXG.CA Yearly Income VS Free CF VS DividendMXG.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M
MXG.CA Dividend Payout.MXG.CA Dividend Payout, showing the Payout Ratio.MXG.CA Dividend Payout.PayoutRetained Earnings

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MAXIM POWER CORP

TSX:MXG (9/3/2025, 7:00:00 PM)

4.49

+0.04 (+0.9%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)08-07 2025-08-07
Earnings (Next)11-05 2025-11-05
Inst Owners2.21%
Inst Owner ChangeN/A
Ins Owners77.14%
Ins Owner ChangeN/A
Market Cap285.92M
Analysts80
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 11.21%
Yearly Dividend0.56
Dividend Growth(5Y)N/A
DP226.59%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 19.52
Fwd PE N/A
P/S 3.13
P/FCF 17.75
P/OCF 11.34
P/B 0.89
P/tB 0.89
EV/EBITDA 9.35
EPS(TTM)0.23
EY5.12%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.25
FCFY5.63%
OCF(TTM)0.4
OCFY8.82%
SpS1.44
BVpS5.03
TBVpS5.03
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 3.9%
ROE 4.39%
ROCE 3.16%
ROIC 2.43%
ROICexc 2.75%
ROICexgc 2.75%
OM 12.18%
PM (TTM) 15.38%
GM 37.26%
FCFM 17.63%
ROA(3y)7.94%
ROA(5y)10.57%
ROE(3y)10.73%
ROE(5y)14.61%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y-34.17%
ROICexcg growth 5YN/A
ROICexc growth 3Y-34.17%
ROICexc growth 5YN/A
OM growth 3Y-20.69%
OM growth 5YN/A
PM growth 3Y-24.54%
PM growth 5YN/A
GM growth 3Y-8.51%
GM growth 5YN/A
F-Score7
Asset Turnover0.25
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 60.19%
Cap/Sales 9.97%
Interest Coverage 4.08
Cash Conversion 96.02%
Profit Quality 114.61%
Current Ratio 6.63
Quick Ratio 6.63
Altman-Z 5.35
F-Score7
WACC8.67%
ROIC/WACC0.28
Cap/Depr(3y)366.92%
Cap/Depr(5y)516.4%
Cap/Sales(3y)43.54%
Cap/Sales(5y)46.12%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-45.77%
EPS 3Y-34.87%
EPS 5YN/A
EPS Q2Q%-78.29%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-1.98%
Revenue growth 3Y-13.36%
Revenue growth 5Y29.1%
Sales Q2Q%25.98%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-38.72%
EBIT growth 3Y-31.28%
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-5.3%
FCF growth 3Y66.55%
FCF growth 5YN/A
OCF growth 1Y-54.42%
OCF growth 3Y-7.21%
OCF growth 5Y72.59%