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Major Drilling Group International TSX:MDI Stock Report

Last Price

CA$8.78

Market Cap

CA$714.2m

7D

-7.1%

1Y

-5.3%

Updated

14 Jun, 2024

Data

Company Financials +

Major Drilling Group International Inc.

TSX:MDI Stock Report

Market Cap: CA$714.2m

MDI Stock Overview

Provides contract drilling services primarily serving mining and mineral exploration companies.

MDI fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends0/6

Rewards

Risk Analysis

No risks detected for MDI from our risk checks.

Major Drilling Group International Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Major Drilling Group International
Historical stock prices
Current Share PriceCA$8.78
52 Week HighCA$10.39
52 Week LowCA$6.81
Beta1.66
1 Month Change-14.34%
3 Month Change3.78%
1 Year Change-5.29%
3 Year Change1.86%
5 Year Change116.79%
Change since IPO305.23%

Recent News & Updates

Recent updates

Major Drilling Group International Inc. (TSE:MDI) Shares Fly 25% But Investors Aren't Buying For Growth

Dec 20
Major Drilling Group International Inc. (TSE:MDI) Shares Fly 25% But Investors Aren't Buying For Growth

If EPS Growth Is Important To You, Major Drilling Group International (TSE:MDI) Presents An Opportunity

May 30
If EPS Growth Is Important To You, Major Drilling Group International (TSE:MDI) Presents An Opportunity

Returns On Capital Are A Standout For Major Drilling Group International (TSE:MDI)

Apr 04
Returns On Capital Are A Standout For Major Drilling Group International (TSE:MDI)

Major Drilling Group International Inc. (TSE:MDI) Shares Could Be 42% Below Their Intrinsic Value Estimate

Mar 03
Major Drilling Group International Inc. (TSE:MDI) Shares Could Be 42% Below Their Intrinsic Value Estimate

Why We Like The Returns At Major Drilling Group International (TSE:MDI)

Dec 04
Why We Like The Returns At Major Drilling Group International (TSE:MDI)

These 4 Measures Indicate That Major Drilling Group International (TSE:MDI) Is Using Debt Safely

Oct 13
These 4 Measures Indicate That Major Drilling Group International (TSE:MDI) Is Using Debt Safely

With A 28% Price Drop For Major Drilling Group International Inc. (TSE:MDI) You'll Still Get What You Pay For

Jul 15
With A 28% Price Drop For Major Drilling Group International Inc. (TSE:MDI) You'll Still Get What You Pay For

Is Now The Time To Put Major Drilling Group International (TSE:MDI) On Your Watchlist?

Jun 23
Is Now The Time To Put Major Drilling Group International (TSE:MDI) On Your Watchlist?

Major Drilling Group International's (TSE:MDI) Returns On Capital Are Heading Higher

Jun 09
Major Drilling Group International's (TSE:MDI) Returns On Capital Are Heading Higher

Is Major Drilling Group International (TSE:MDI) Using Too Much Debt?

Apr 19
Is Major Drilling Group International (TSE:MDI) Using Too Much Debt?

Returns At Major Drilling Group International (TSE:MDI) Are On The Way Up

Mar 04
Returns At Major Drilling Group International (TSE:MDI) Are On The Way Up

Is Major Drilling Group International (TSE:MDI) Using Too Much Debt?

Dec 04
Is Major Drilling Group International (TSE:MDI) Using Too Much Debt?

Major Drilling Group International (TSE:MDI) Might Have The Makings Of A Multi-Bagger

Sep 03
Major Drilling Group International (TSE:MDI) Might Have The Makings Of A Multi-Bagger

We Think Major Drilling Group International (TSE:MDI) Can Stay On Top Of Its Debt

Mar 16
We Think Major Drilling Group International (TSE:MDI) Can Stay On Top Of Its Debt

Will the Promising Trends At Major Drilling Group International (TSE:MDI) Continue?

Feb 23
Will the Promising Trends At Major Drilling Group International (TSE:MDI) Continue?

The Major Drilling Group International (TSE:MDI) Share Price Is Up 41% And Shareholders Are Holding On

Feb 03
The Major Drilling Group International (TSE:MDI) Share Price Is Up 41% And Shareholders Are Holding On

Major Drilling Group International Inc. (TSE:MDI) On The Verge Of Breaking Even

Jan 13
Major Drilling Group International Inc. (TSE:MDI) On The Verge Of Breaking Even

Here's What We Think About Major Drilling Group International's (TSE:MDI) CEO Pay

Dec 23
Here's What We Think About Major Drilling Group International's (TSE:MDI) CEO Pay

Here's Why Major Drilling Group International (TSE:MDI) Has A Meaningful Debt Burden

Dec 02
Here's Why Major Drilling Group International (TSE:MDI) Has A Meaningful Debt Burden

Shareholder Returns

MDICA Metals and MiningCA Market
7D-7.1%-1.9%-2.2%
1Y-5.3%2.4%8.0%

Return vs Industry: MDI underperformed the Canadian Metals and Mining industry which returned 2.4% over the past year.

Return vs Market: MDI underperformed the Canadian Market which returned 8.5% over the past year.

Price Volatility

Is MDI's price volatile compared to industry and market?
MDI volatility
MDI Average Weekly Movement5.4%
Metals and Mining Industry Average Movement10.6%
Market Average Movement8.3%
10% most volatile stocks in CA Market17.2%
10% least volatile stocks in CA Market3.0%

Stable Share Price: MDI has not had significant price volatility in the past 3 months.

Volatility Over Time: MDI's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1980n/aDenis Larocquewww.majordrilling.com

Major Drilling Group International Inc. provides contract drilling services primarily serving mining and mineral exploration companies. The company offers a suite of drilling services, including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive, longhole drilling, surface drill and blast, and related mining services. The company was founded in 1980 and is headquartered in Moncton, Canada with additional offices in the United States, Mexico, South America, Asia, Africa, and Australia.

Major Drilling Group International Inc. Fundamentals Summary

How do Major Drilling Group International's earnings and revenue compare to its market cap?
MDI fundamental statistics
Market capCA$714.15m
Earnings (TTM)CA$53.09m
Revenue (TTM)CA$706.69m

13.5x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MDI income statement (TTM)
RevenueCA$706.69m
Cost of RevenueCA$553.97m
Gross ProfitCA$152.72m
Other ExpensesCA$99.64m
EarningsCA$53.09m

Last Reported Earnings

Apr 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.65
Gross Margin21.61%
Net Profit Margin7.51%
Debt/Equity Ratio0%

How did MDI perform over the long term?

See historical performance and comparison
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