# MDA Space Ltd. (MDA)

> Source: Nexqual · https://nexqual.com/MDA · data as of 2026-10-28 20:00 UTC · cite as "Nexqual, MDA Space Ltd. (MDA), nexqual.com/MDA" · informational, not investment advice.

## MDA major shareholder filing: Schedule 13D, Oct 14, 2026
MARISELLE A.S., CZECHOSLOVAK GROUP, MIROSLAV HOLAN filed a Schedule 13D on Oct 14, 2026, reporting up to 9.50% of the class (more than 5% owner that may seek to influence the company). Item 4, Purpose of Transaction, quoted:

> Mariselle a.s. entered into the Share Forward Transaction for investment purposes and to obtain economic exposure to the Shares. Mr. Holan, in his capacity as Group Investment Manager of Czechoslovak Group a.s., directs investment decisions with respect to the investment. The Share Forward Transaction provided for cash settlement only, unless the Investment Canada Act approval was obtained, in which case physical settlement would be permitted upon election by Mariselle a.s., subject to other applicable conditions. The Investment Canada Act approval was obtained on 8 October 2026 and the option to exercise physical settlement of the Share Forward Transaction was exercised on 9 October, 2026. The settlement of the Share Forward Transaction occurred on October 13, 2026. The Reporting Persons may evaluate their investment in the Issuer from time to time and may take such actions as they consider appropriate in light of market conditions, the Issuer's performance and other investment opportunities. Except as set forth herein, the Reporting Persons have no present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a)-(j) of Item 4 of Schedule 13D, except as may occur upon or in connection with completion of, or following, any of the actions discussed herein. …

Source: https://www.sec.gov/Archives/edgar/data/1857047/000121390026109200/0001213900-26-109200-index.htm

**Price:** USD 29.31 (+0.14% on the day) · last close of Oct 28, 2026; US market closed, not a live price. Prev close 29.27 · day 28.93–29.53 · 52w 23.23–49.37 · market cap $4.75B · NYQ

## Key facts
- Analysts: Buy (mean 1.67 on a 1–5 scale) (3 analysts), mean target USD 46.85 (range 40.83–49.98).
- Total return with dividends: 1Y -4.8% vs S&P 500 +13.6%; 5Y -2.3% vs S&P 500 +79.8%.
- Next earnings: 2026-11-05, EPS estimate USD 0.29, revenue estimate $443M.

## Analysts
Consensus Buy (mean 1.67 on a 1–5 scale), 3 analysts; mean target USD 46.85 (low 40.83, high 49.98).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-19 | JP Morgan | Target raised | Overweight | $43 → $50 |
| 2026-08-17 | RBC Capital | Reiterated | Outperform | $60 |
| 2026-08-10 | RBC Capital | Target raised | Outperform | $58 → $60 |

## Total return (dividends reinvested)
|  | 1Y (from 2026-03-12) | 5Y (from 2026-03-09) |
|---|---|---|
| Total return | -4.8% | -2.3% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | — | — |
| Volatility (annualized) | 62.6% | 69.4% |
| Max drawdown | -45.0% (May 2026→Oct 2026) | -38.3% (May 2026→Oct 2026) |

## Peers (Aerospace & Defense)
SARO (StandardAero, Inc.) USD 22.21 -0.94% · KTOS (Kratos Defense & Security Solut) USD 41.17 -0.36% · CAE (CAE Inc) USD 25.76 +0.08% · DRS (Leonardo DRS, Inc.) USD 35.5 -1.36% · HII (Huntington Ingalls Industries, ) USD 279.26 -0.73% · MOG-B (Moog Inc.) USD 350.17 -1.24%

## More
Full page: https://nexqual.com/MDA · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.29 | $0.37 | -21.4% | $442.8M | 2 |
| Next quarter (ends 2026-12-31) | $0.30 | $0.40 | -24.3% | $466.2M | 2 |
| Current fiscal year (ends 2026-12-31) | $1.32 | $1.50 | -11.6% | $1.88B | 2 |
| Next fiscal year (ends 2027-12-31) | $2.16 | $1.67 | +29.9% | $2.84B | 2 |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $0.36 | $0.36 | In line | — |
| — | Quarter ended Mar 31, 2026 | $0.38 | $0.34 | Beat +11.8% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-10-14 | Schedule 13D | MARISELLE A.S., CZECHOSLOVAK GROUP: 9.5% of shares, 5%+ holder that may seek to influence the company — “Mariselle a.s. entered into the Share Forward Transaction for investment purposes and to obtain economic exposure to the Shares. Mr. Holan, in his capacity as Group Investment Manager of Czechoslovak Group a.s., directs investment decisions with respect to the investment. The…” | https://www.sec.gov/Archives/edgar/data/1857047/000121390026109200/0001213900-26-109200-index.htm |
| 2026-09-21 | 6-K | Current report (foreign issuer) · period ended Sep 21, 2026 | https://www.sec.gov/Archives/edgar/data/1857047/000110465926109104/0001104659-26-109104-index.htm |
| 2026-08-07 | 6-K | Current report (foreign issuer) · period ended Aug 7, 2026 | https://www.sec.gov/Archives/edgar/data/1857047/000110465926092384/0001104659-26-092384-index.htm |
| 2026-08-07 | 6-K | Current report (foreign issuer) · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/1857047/000110465926092383/0001104659-26-092383-index.htm |
| 2026-08-05 | 6-K | Current report (foreign issuer) · period ended Aug 5, 2026 | https://www.sec.gov/Archives/edgar/data/1857047/000110465926090812/0001104659-26-090812-index.htm |
| 2026-08-04 | 6-K | Current report (foreign issuer) · period ended Aug 4, 2026 | https://www.sec.gov/Archives/edgar/data/1857047/000110465926090093/0001104659-26-090093-index.htm |
| 2026-07-30 | Schedule 13G/A | Connor, Clark & Lunn Investment Management Ltd.: 5.6% of shares, passive 5%+ holder (amended) | https://www.sec.gov/Archives/edgar/data/1857047/000159680026000009/0001596800-26-000009-index.htm |
| 2026-07-24 | 6-K | Current report (foreign issuer) · period ended Jul 23, 2026 | https://www.sec.gov/Archives/edgar/data/1857047/000110465926086388/0001104659-26-086388-index.htm |
| 2026-07-20 | 6-K | Current report (foreign issuer) · period ended Jul 20, 2026 | https://www.sec.gov/Archives/edgar/data/1857047/000110465926084876/0001104659-26-084876-index.htm |
| 2026-07-14 | 6-K | Current report (foreign issuer) · period ended Jul 14, 2026 | https://www.sec.gov/Archives/edgar/data/1857047/000110465926083361/0001104659-26-083361-index.htm |
| 2026-07-10 | 6-K | Current report (foreign issuer) · period ended Jul 9, 2026 | https://www.sec.gov/Archives/edgar/data/1857047/000110465926082349/0001104659-26-082349-index.htm |
| 2026-07-08 | 6-K | Current report (foreign issuer) · period ended Jul 8, 2026 | https://www.sec.gov/Archives/edgar/data/1857047/000110465926081865/0001104659-26-081865-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.