Update shared on 01 Nov 2025
Fair value Increased 5.60%Analysts have raised their price target for Major Drilling Group International from $15.00 to $15.84. This increase reflects updated fair value estimates and adjustments to key financial assumptions.
What's in the News
- The Board of Directors of Major Drilling Group International Inc. has authorized a new buyback plan for the company (Key Developments).
- Major Drilling Group International Inc. (TSX:MDI) is launching a share repurchase program. The company may buy back up to 4,097,159 common shares, representing 5% of its share capital (Key Developments).
- The repurchased shares will be cancelled. The program will run until October 20, 2026. As of October 14, 2025, the company had 81,943,186 issued and outstanding shares (Key Developments).
Valuation Changes
- Fair Value Estimate has increased from CA$15.00 to CA$15.84.
- Discount Rate has risen slightly from 6.66% to 6.71%.
- Revenue Growth is unchanged and remains at approximately 6.98%.
- Net Profit Margin is virtually stable, with a negligible increase from 6.70% to 6.70%.
- Future P/E Ratio has increased from 23.82x to 25.19x.
Disclaimer
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