Financials Mullen Group Ltd.

Equities

MTL

CA6252841045

Ground Freight & Logistics

Market Closed - Toronto S.E. 21:00:00 18/07/2024 BST 5-day change 1st Jan Change
13.29 CAD +0.23% Intraday chart for Mullen Group Ltd. +0.91% -5.34%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 971.7 1,056 1,104 1,352 1,239 1,167 - -
Enterprise Value (EV) 1 1,510 1,558 1,760 1,906 2,001 1,975 1,898 1,868
P/E ratio 13.4 x 17 x 15.5 x 8.98 x 9.68 x 10.7 x 9.53 x 9.23 x
Yield 6.47% 3.03% 4.13% 4.95% 5.13% 5.42% 5.47% 5.79%
Capitalization / Revenue 0.76 x 0.91 x 0.75 x 0.68 x 0.62 x 0.58 x 0.55 x 0.54 x
EV / Revenue 1.18 x 1.34 x 1.19 x 0.95 x 1 x 0.98 x 0.9 x 0.86 x
EV / EBITDA 7.51 x 7.16 x 7.45 x 5.78 x 6.1 x 6.25 x 5.5 x 5.22 x
EV / FCF 15.8 x 9.75 x 13.6 x 10.5 x 11.4 x 12.5 x 9.97 x 9.37 x
FCF Yield 6.34% 10.3% 7.37% 9.53% 8.76% 7.98% 10% 10.7%
Price to Book 1.06 x 1.18 x 1.24 x 1.39 x 1.27 x 1.15 x 1.09 x 1.02 x
Nbr of stocks (in thousands) 104,825 96,852 94,908 92,917 88,235 87,776 - -
Reference price 2 9.270 10.90 11.63 14.55 14.04 13.29 13.29 13.29
Announcement Date 12/02/20 10/02/21 09/02/22 09/02/23 15/02/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,278 1,164 1,477 2,000 1,995 2,015 2,118 2,172
EBITDA 1 200.9 217.6 236.4 329.9 328.2 316.1 345.1 357.7
EBIT 1 89.42 116 122.4 217.4 212.3 196.3 225 234
Operating Margin 6.99% 9.96% 8.29% 10.87% 10.64% 9.74% 10.62% 10.77%
Earnings before Tax (EBT) 1 80.14 86.13 96 210.9 183.1 150.9 171.2 194.5
Net income 1 72.2 64 72.4 158.6 136.7 120.9 137.4 146.3
Net margin 5.65% 5.5% 4.9% 7.93% 6.85% 6% 6.49% 6.73%
EPS 2 0.6900 0.6400 0.7500 1.620 1.450 1.246 1.395 1.440
Free Cash Flow 1 95.63 159.9 129.8 181.6 175.2 157.6 190.4 199.3
FCF margin 7.48% 13.73% 8.78% 9.08% 8.78% 7.82% 8.99% 9.18%
FCF Conversion (EBITDA) 47.6% 73.47% 54.89% 55.03% 53.38% 49.84% 55.19% 55.71%
FCF Conversion (Net income) 132.45% 249.8% 179.23% 114.48% 128.17% 130.32% 138.58% 136.24%
Dividend per Share 2 0.6000 0.3300 0.4800 0.7200 0.7200 0.7200 0.7267 0.7700
Announcement Date 12/02/20 10/02/21 09/02/22 09/02/23 15/02/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 441.9 456.9 521.5 518.4 502.7 497.8 494.3 504 498.6 462.6 494.5 524.9 527.7 508.2 513.6
EBITDA 1 65.8 60.3 93.9 98.1 77.6 77 83.4 88.6 79.2 66.2 79.46 88.64 85.32 81.83 86.07
EBIT 1 35.42 32.66 66.08 69.65 48.99 49.01 54.54 59.6 49.19 38.14 48.27 57.3 54.7 50.1 49.4
Operating Margin 8.02% 7.15% 12.67% 13.44% 9.75% 9.85% 11.03% 11.82% 9.87% 8.24% 9.76% 10.92% 10.37% 9.86% 9.62%
Earnings before Tax (EBT) 1 27.55 22.9 57.44 53.92 76.6 42.4 48 51 41.7 29.8 38.6 - - - -
Net income 1 20.2 16.4 42.7 38 61.5 31.7 36.5 39.1 29.4 22.2 28.42 35.6 36.6 31.1 30.7
Net margin 4.57% 3.59% 8.19% 7.33% 12.23% 6.37% 7.38% 7.76% 5.9% 4.8% 5.75% 6.78% 6.94% 6.12% 5.98%
EPS 2 0.2100 0.1700 0.4300 0.3900 0.6200 0.3300 0.3900 0.4200 0.3200 0.2500 0.2950 0.3800 0.4250 0.3150 0.3300
Dividend per Share 2 0.1200 0.1500 0.1700 0.1800 0.1800 0.1800 0.1800 0.1800 0.1800 0.1800 0.1800 0.1800 0.1800 - -
Announcement Date 09/02/22 20/04/22 21/07/22 20/10/22 09/02/23 27/04/23 20/07/23 19/10/23 15/02/24 25/04/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 538 503 656 554 762 809 732 701
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.677 x 2.309 x 2.776 x 1.679 x 2.321 x 2.558 x 2.12 x 1.961 x
Free Cash Flow 1 95.6 160 130 182 175 158 190 199
ROE (net income / shareholders' equity) 7.95% 7.05% 8.11% 17% 14% 11.8% 13% -
ROA (Net income/ Total Assets) 4.25% 3.69% 3.98% - - - - -
Assets 1 1,698 1,734 1,820 - - - - -
Book Value Per Share 2 8.760 9.260 9.400 10.50 11.10 11.60 12.20 13.00
Cash Flow per Share 2 1.630 2.230 2.060 2.820 3.080 2.930 2.970 2.860
Capex 1 75 64.9 68.2 81.4 102 79.6 83.8 88.3
Capex / Sales 5.87% 5.58% 4.62% 4.07% 5.09% 3.95% 3.95% 4.07%
Announcement Date 12/02/20 10/02/21 09/02/22 09/02/23 15/02/24 - - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
13.29 CAD
Average target price
17.4 CAD
Spread / Average Target
+30.93%
Consensus
  1. Stock Market
  2. Equities
  3. MTL Stock
  4. Financials Mullen Group Ltd.