What Happened
Aerospace Demand Could Boost Long Cycle Cash Flow
Magellan Aerospace’s stock has seen a recent surge due to optimism in aircraft and defense demand, which may be a game changer for the company’s long cycle cash flow. The company has CA$1.3b of contracts in engines, aerostructures, and defence, and earnings are forecast to reach CA$126.8 million by 2029. Analysts project 7.3% yearly revenue growth, and the company’s fair value indicates a 40% potential upside to its current price. This article was first reported by Simply Wall St News.