Mullen Group Ltd. provides transportation and oilfield services in Canada and the United States.
Undervalued with adequate balance sheet.
Share Price & News
How has Mullen Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MTL has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MTL underperformed the Canadian Transportation industry which returned 10.1% over the past year.
Return vs Market: MTL underperformed the Canadian Market which returned 0.1% over the past year.
Price Volatility Vs. Market
How volatile is Mullen Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWith A 7.9% Return On Equity, Is Mullen Group Ltd. (TSE:MTL) A Quality Stock?
2 weeks ago | Simply Wall StDo Directors Own Mullen Group Ltd. (TSE:MTL) Shares?
1 month ago | Simply Wall StIs Mullen Group (TSE:MTL) Using Too Much Debt?
Is Mullen Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MTL (CA$8.14) is trading below our estimate of fair value (CA$15.5)
Significantly Below Fair Value: MTL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MTL is good value based on its PE Ratio (11.8x) compared to the Transportation industry average (19.3x).
PE vs Market: MTL is good value based on its PE Ratio (11.8x) compared to the Canadian market (15.2x).
Price to Earnings Growth Ratio
PEG Ratio: MTL's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: MTL is good value based on its PB Ratio (0.9x) compared to the CA Transportation industry average (2.4x).
How is Mullen Group forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MTL's earnings are forecast to decline over the next 3 years (-13.9% per year).
Earnings vs Market: MTL's earnings are forecast to decline over the next 3 years (-13.9% per year).
High Growth Earnings: MTL's earnings are forecast to decline over the next 3 years.
Revenue vs Market: MTL's revenue (4.6% per year) is forecast to grow slower than the Canadian market (4.7% per year).
High Growth Revenue: MTL's revenue (4.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MTL's Return on Equity is forecast to be low in 3 years time (6.8%).
How has Mullen Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MTL has high quality earnings.
Growing Profit Margin: MTL became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: MTL's earnings have declined by -23.2% per year over the past 5 years.
Accelerating Growth: MTL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MTL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Transportation industry (-2.6%).
Return on Equity
High ROE: MTL's Return on Equity (7.9%) is considered low.
Return on Assets
Return on Capital Employed
How is Mullen Group's financial position?
Financial Position Analysis
Short Term Liabilities: MTL's short term assets (CA$349.3M) exceed its short term liabilities (CA$106.0M).
Long Term Liabilities: MTL's short term assets (CA$349.3M) do not cover its long term liabilities (CA$725.3M).
Debt to Equity History and Analysis
Debt Level: MTL's debt to equity ratio (62.8%) is considered high.
Reducing Debt: MTL's debt to equity ratio has reduced from 78.3% to 62.8% over the past 5 years.
Debt Coverage: MTL's debt is well covered by operating cash flow (29.6%).
Interest Coverage: MTL's interest payments on its debt are well covered by EBIT (3.8x coverage).
Inventory Level: MTL has a high level of physical assets or inventory.
Debt Coverage by Assets: MTL's debt is not covered by short term assets (assets are 0.6x debt).
What is Mullen Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: MTL's dividend (7.37%) is higher than the bottom 25% of dividend payers in the Canadian market (2.03%).
High Dividend: MTL's dividend (7.37%) is in the top 25% of dividend payers in the Canadian market (5.81%)
Stability and Growth of Payments
Stable Dividend: MTL's dividend payments have been volatile in the past 10 years.
Growing Dividend: MTL's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (87.1%), MTL's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MTL's dividends in 3 years are not forecast to be well covered by earnings (90.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Murray Mullen (63yo)
Mr. Murray K. Mullen serves as the President of Mullen Trucking Corp. Mr. Mullen has been the Chief Executive Officer and President of Mullen Group Ltd. (Formerly, Mullen Group Income Fund, Mullen Transpor ...
|Non Independent Director||10.1yrs||CA$49.80k||no data|
|Independent Director||15.1yrs||CA$49.80k||0.38% CA$3.1m|
|Independent Director||15.1yrs||CA$70.30k||0.045% CA$374.1k|
|Independent Director||2.8yrs||CA$63.20k||0.015% CA$121.0k|
|Independent Director||5.3yrs||CA$74.80k||0.031% CA$261.1k|
|Lead Independent Director||0.8yrs||CA$63.20k||0.016% CA$130.2k|
Experienced Board: MTL's board of directors are seasoned and experienced ( 10.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MTL insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Mullen Group Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Mullen Group Ltd.
- Ticker: MTL
- Exchange: TSX
- Founded: 1949
- Industry: Trucking
- Sector: Transportation
- Market Cap: CA$834.407m
- Shares outstanding: 104.82m
- Website: https://www.mullen-group.com
Number of Employees
- Mullen Group Ltd.
- Chimney Rock Centre
- 121A, 31 Southridge Drive
- T1S 2N3
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MTL||TSX (The Toronto Stock Exchange)||Yes||New Common Shares||CA||CAD||Dec 1993|
|9MU||DB (Deutsche Boerse AG)||Yes||New Common Shares||DE||EUR||Dec 1993|
|MLLG.F||OTCPK (Pink Sheets LLC)||Yes||New Common Shares||US||USD||Dec 1993|
Mullen Group Ltd. provides transportation and oilfield services in Canada and the United States. The company operates in two segments, Trucking/Logistics and Oilfield Services. The Trucking/Logistics segment transports general freight; cables, and pipe and steel products; and dry bulk commodities comprising cement and frac sand, as well as over-dimensional loads, such as heavy equipment, compressors and over-sized goods. This segment also engages in the provision of various services, including logistics, warehousing and distribution, transload, and intermodal services; and road construction services, as well as in the production, excavation, and transportation of various aggregate products. The Oilfield Services segment provides well-servicing, specialized transportation, dewatering, and drilling services to the oil and natural gas industry. Its services include transporting of oversize and overweight shipments; transportation, handling, storage, and computerized inventory management of oilfield fluids, tubulars, and drilling mud; stockpiling and stringing of large diameter pipes; and a range of services related to the processing and production of heavy oil, including well servicing and handling, and transportation and disposal of fluids. This segment’s services also comprise frac support, dredging, water management, dewatering, pond reclamation, hydrovac excavation, drilling rig relocation, core drilling, casing setting, and conductor pipe setting services. Mullen Group Ltd. was founded in 1949 and is headquartered in Okotoks, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/28 01:52|
|End of Day Share Price||2020/02/27 00:00|
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.