Maxim Power (MXG) AI Stock Analysis

• Market Cap: C$293.11M
• Dividend Yield: N/A
• Average Volume (3M): 5.04K
• Price to Earnings (P/E): 17.0
• Beta (1Y): 0.91
• Revenue Growth: -12.05%
• EPS Growth: -48.82%
• Country: CA
• Employees: 46
• Sector: Utilities
• Sector Strength: 87
• Industry: Independent Power Producers
• EPS (TTM): <0.01
• Shares Outstanding: 63,718,838
• 10 Day Avg. Volume: 4,074
• 30 Day Avg. Volume: 5,040
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$4.50
• Price Target Upside: 0.45% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 62 Neutral
• Price Target: C$4.50 ▲(0.45% Upside)

Maxim Power's overall stock score is driven primarily by its strong financial performance, characterized by significant revenue growth and improved profitability. However, technical indicators suggest a cautious outlook with potential bearish trends, and the valuation is moderate with no dividend yield. The absence of earnings call insights and corporate events leaves these areas unassessed.

Maxim Power Business Overview & Revenue Model

Company Description

Maxim Power Corp., an independent power producer, engages in the development, ownership, and operation of power generation facilities in Canada. Its core asset is Milner 2 power plant, a 204 megawatt natural gas-fired turbine generator located in Grande Cache, Alberta. Maxim Power Corp. is headquartered in Calgary, Canada.

How the Company Makes Money

Maxim Power Corp generates revenue through the sale of electricity produced by its owned and operated power generation facilities. The company sells this electricity to wholesale markets, utilities, and other large-scale electricity purchasers. Key revenue streams include payments received from power purchase agreements and spot market sales. Additionally, the company may benefit from government incentives and regulatory frameworks that support power generation activities. Maxim Power's earnings are influenced by factors such as energy prices, operational efficiency, and the successful management of its power generation assets.

Maxim Power Financial Statement Overview

Summary

Maxim Power shows strong financial recovery with significant revenue growth and improved profitability. The balance sheet is solid with low leverage, and cash flow management has turned deficits into positive free cash flow.

Income Statement

Maxim Power demonstrates a strong recovery and improvement in profitability, with a notable increase in total revenue from $38.5M in 2023 to $101.5M in 2024. The net profit margin improved as net income turned positive, reaching $21.9M in 2024 from a $28.3M profit in 2023, despite a previous year of losses. The gross profit margin is robust, and EBIT and EBITDA margins have significantly improved, indicating better operational efficiency.

Balance Sheet

The company has a strong equity position with stockholders' equity of $316M against total liabilities of $43M in 2024, resulting in a low debt-to-equity ratio. The equity ratio is favorable, showcasing financial stability and low leverage risk. Return on equity has been improving, reflecting efficient use of equity capital. Overall, the balance sheet is solid, with high levels of cash and short-term investments.

Cash Flow

Maxim Power's operating cash flow has improved substantially, with a free cash flow of $76.9M in 2024, demonstrating effective cash generation. The operating cash flow to net income ratio is solid, indicating strong cash flow relative to income. The company has managed a turnaround from negative free cash flow positions in previous years, showing progress in cash management and capital allocation.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	101.48M	38.47M	141.26M	156.01M	46.73M
Gross Profit	42.83M	-9.94M	53.50M	77.94M	6.18M
EBITDA	49.32M	53.74M	70.81M	113.48M	11.86M
Net Income	21.95M	28.30M	42.28M	78.51M	9.26M
Balance Sheet
Total Assets	359.10M	425.84M	382.11M	312.44M	239.31M
Cash, Cash Equivalents and Short-Term Investments	30.07M	32.26M	51.38M	13.55M	12.26M
Total Debt	77.00K	81.31M	82.81M	53.85M	66.98M
Total Liabilities	43.08M	128.09M	113.45M	85.25M	91.40M
Stockholders Equity	316.02M	297.75M	268.65M	227.18M	147.91M
Cash Flow
Free Cash Flow	76.88M	-3.58M	-4.68M	16.64M	-13.21M
Operating Cash Flow	84.07M	23.84M	76.41M	105.22M	6.96M
Investing Cash Flow	2.87M	-32.09M	-57.79M	-85.31M	-25.89M
Financing Cash Flow	-93.64M	-10.86M	19.28M	-18.60M	10.35M

Maxim Power Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4.48
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MXG, the sentiment is Negative. The current price of 4.48 is below the 20-day moving average (MA) of 4.63, below the 50-day MA of 4.56, and below the 200-day MA of 4.79, indicating a bearish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 42.52 is Neutral, neither overbought nor oversold. The STOCH value of 5.59 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MXG.

Maxim Power Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MXG	62 Neutral	C$293.11M	16.96	4.47%	―	-12.05%	-48.82%
Sector *	61 Neutral	£7.19B	5.43	11.07%	5.28%	4.13%	-72.10%
TAC	―	$3.64B	21.34	-6.83%	1.40%	―	―
INE	72 Outperform	$2.79B	69.96	4.20%	2.62%	0.97%	―
CPX	68 Neutral	C$9.42B	18.96	10.00%	4.29%	-16.83%	-37.24%
BLX	51 Neutral	C$3.05B	271.12	-0.61%	2.24%	-13.45%	-112.19%
NPIFF	―	$4.19B	22.35	6.08%	5.35%	―	―

Maxim Power Corporate Events

Maxim Power Corp. Reports Mixed Q2 2025 Financial Results

Maxim Power Corp. reported its financial results for the second quarter of 2025, showing an increase in revenues and Adjusted EBITDA due to higher generation volumes and realized power prices. However, net income decreased due to unrealized losses on commodity swaps. For the first half of 2025, the company experienced a decline in revenues, Adjusted EBITDA, and net income compared to the previous year, attributed to lower realized power prices and generation volumes.

Maxim Power Corp. Announces 2025 AGM Results and Strategic Approvals

Maxim Power Corp. announced the results of its 2025 annual general and special meeting, where directors were elected to hold office until the next meeting. The meeting also approved unallocated stock options under the Corporation’s Stock Option Plan and confirmed an amended and restated By-Law No.1. These decisions reflect Maxim’s ongoing strategic focus on power projects in Alberta and its commitment to corporate governance, potentially impacting its market positioning and stakeholder interests.