| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 3/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
MDI Overview
Major Drilling Group International Inc. provides contract drilling services for mining and mineral exploration companies in Canada, the United States, Mexico, South America, Asia, Africa, and Australia.
Major Drilling Group International Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$9.79 |
| 52 Week High | CA$5.85 |
| 52 Week Low | CA$11.34 |
| Beta | 1.55 |
| 1 Month Change | 13.18% |
| 3 Month Change | 21.62% |
| 1 Year Change | 49.92% |
| 3 Year Change | 111.45% |
| 5 Year Change | 42.50% |
| Change since IPO | 351.85% |
Recent News & Updates
Shareholder Returns
| MDI | CA Metals and Mining | CA Market | |
|---|---|---|---|
| 7D | 4.4% | 1.0% | 1.3% |
| 1Y | 49.9% | -1.6% | 33.6% |
Return vs Industry: MDI exceeded the Canadian Metals and Mining industry which returned -1.6% over the past year.
Return vs Market: MDI exceeded the Canadian Market which returned 33.6% over the past year.
Price Volatility
| MDI volatility | |
|---|---|
| MDI Beta | 1.55 |
| Industry Beta | 1.13 |
| Market Beta | 1 |
Stable Share Price: MDI is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: MDI's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1980 | 2,500 | Denis Larocque | https://www.majordrilling.com |
Major Drilling Group International Inc. provides contract drilling services for mining and mineral exploration companies in Canada, the United States, Mexico, South America, Asia, Africa, and Australia. 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 various mine services. As of April 30, 2021, it had 588 drill rigs.
Major Drilling Group International Fundamentals Summary
| MDI fundamental statistics | |
|---|---|
| Market Cap | CA$806.47m |
| Earnings (TTM) | CA$18.95m |
| Revenue (TTM) | CA$493.65m |
42.6x
P/E Ratio1.6x
P/S RatioIs MDI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MDI income statement (TTM) | |
|---|---|
| Revenue | CA$493.65m |
| Cost of Revenue | CA$414.33m |
| Gross Profit | CA$79.32m |
| Expenses | CA$60.38m |
| Earnings | CA$18.95m |
Last Reported Earnings
Jul 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.23 |
| Gross Margin | 16.07% |
| Net Profit Margin | 3.84% |
| Debt/Equity Ratio | 16.3% |
How did MDI perform over the long term?
See historical performance and comparisonValuation
Is Major Drilling Group International undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MDI (CA$9.4) is trading below our estimate of fair value (CA$34.48)
Significantly Below Fair Value: MDI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MDI is poor value based on its PE Ratio (40.9x) compared to the Canadian Metals and Mining industry average (11.1x).
PE vs Market: MDI is poor value based on its PE Ratio (40.9x) compared to the Canadian market (13.5x).
Price to Earnings Growth Ratio
PEG Ratio: MDI is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: MDI's PB Ratio (2.5x) is in line with the CA Metals and Mining industry average.
Future Growth
How is Major Drilling Group International forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
61.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MDI's forecast earnings growth (61.9% per year) is above the savings rate (1.6%).
Earnings vs Market: MDI's earnings (61.9% per year) are forecast to grow faster than the Canadian market (12% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MDI's revenue (12.9% per year) is forecast to grow faster than the Canadian market (6.7% per year).
High Growth Revenue: MDI's revenue (12.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MDI's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Major Drilling Group International performed over the past 5 years?
8.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MDI has high quality earnings.
Growing Profit Margin: MDI became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: MDI has become profitable over the past 5 years, growing earnings by 8.1% per year.
Accelerating Growth: MDI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MDI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (102.9%).
Return on Equity
High ROE: MDI's Return on Equity (6.1%) is considered low.
Financial Health
How is Major Drilling Group International's financial position?
Financial Position Analysis
Short Term Liabilities: MDI's short term assets (CA$254.2M) exceed its short term liabilities (CA$88.6M).
Long Term Liabilities: MDI's short term assets (CA$254.2M) exceed its long term liabilities (CA$88.5M).
Debt to Equity History and Analysis
Debt Level: MDI's debt to equity ratio (16.3%) is considered satisfactory.
Reducing Debt: MDI's debt to equity ratio has increased from 2.4% to 16.3% over the past 5 years.
Debt Coverage: MDI's debt is well covered by operating cash flow (103.3%).
Interest Coverage: MDI's interest payments on its debt are well covered by EBIT (17.5x coverage).
Balance Sheet
Dividend
What is Major Drilling Group International current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MDI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MDI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MDI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MDI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MDI is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MDI's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.5yrs
Average management tenure
CEO
Denis Larocque (51 yo)
6.08yrs
Tenure
CA$921,571
Compensation
Mr. Denis Larocque has been President and Chief Executive Officer of Major Drilling Group International Inc. since September 11, 2015. Mr. Larocque joined Major Drilling Group International Inc. in 1994 an...
CEO Compensation Analysis
Compensation vs Market: Denis's total compensation ($USD745.26K) is below average for companies of similar size in the Canadian market ($USD1.11M).
Compensation vs Earnings: Denis's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: MDI's management team is considered experienced (4.5 years average tenure).
Board Members
Experienced Board: MDI's board of directors are considered experienced (4.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.2%.
Top Shareholders
Company Information
Major Drilling Group International Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Major Drilling Group International Inc.
- Ticker: MDI
- Exchange: TSX
- Founded: 1980
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: CA$806.466m
- Shares outstanding: 82.38m
- Website: https://www.majordrilling.com
Number of Employees
Location
- Major Drilling Group International Inc.
- 111 St. George Street
- Suite 100
- Moncton
- New Brunswick
- E1C 1T7
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/25 23:15 |
| End of Day Share Price | 2021/10/25 00:00 |
| Earnings | 2021/07/31 |
| Annual Earnings | 2021/04/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.