Mainfreight Limited

NZSE:MFT Stock Report

Market Cap: NZ$5.9b

Mainfreight Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Don Braid

Chief executive officer

NZ$2.9m

Total compensation

CEO salary percentage99.88%
CEO tenure26.3yrs
CEO ownership2.9%
Management average tenureno data
Board average tenure13.3yrs

Recent management updates

Recent updates

Analysis Article • Jan 14

Mainfreight Limited's (NZSE:MFT) Popularity With Investors Is Under Threat From Overpricing

When close to half the companies in New Zealand have price-to-earnings ratios (or "P/E's") below 18x, you may consider...
Analysis Article • Sep 28

Does Mainfreight (NZSE:MFT) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analysis Article • Sep 15

Some Confidence Is Lacking In Mainfreight Limited's (NZSE:MFT) P/E

Mainfreight Limited's ( NZSE:MFT ) price-to-earnings (or "P/E") ratio of 22.7x might make it look like a sell right now...
Analysis Article • Sep 01

Estimating The Fair Value Of Mainfreight Limited (NZSE:MFT)

Key Insights The projected fair value for Mainfreight is NZ$75.46 based on 2 Stage Free Cash Flow to Equity With...
Analysis Article • Jul 01

Returns on Capital Paint A Bright Future For Mainfreight (NZSE:MFT)

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...
Analysis Article • Jun 16

Mainfreight (NZSE:MFT) Seems To Use Debt Quite Sensibly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • May 30

What Mainfreight Limited's (NZSE:MFT) 27% Share Price Gain Is Not Telling You

Mainfreight Limited ( NZSE:MFT ) shareholders would be excited to see that the share price has had a great month...
Analysis Article • May 28

A Look At The Intrinsic Value Of Mainfreight Limited (NZSE:MFT)

Key Insights Mainfreight's estimated fair value is NZ$68.56 based on 2 Stage Free Cash Flow to Equity With NZ$67.00...
Analysis Article • Apr 13

Subdued Growth No Barrier To Mainfreight Limited's (NZSE:MFT) Price

When close to half the companies in New Zealand have price-to-earnings ratios (or "P/E's") below 18x, you may consider...
Analysis Article • Mar 11

Returns on Capital Paint A Bright Future For Mainfreight (NZSE:MFT)

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • Feb 04

Calculating The Intrinsic Value Of Mainfreight Limited (NZSE:MFT)

Key Insights The projected fair value for Mainfreight is NZ$86.90 based on 2 Stage Free Cash Flow to Equity...
Analysis Article • Jan 01

Why Investors Shouldn't Be Surprised By Mainfreight Limited's (NZSE:MFT) P/E

When close to half the companies in New Zealand have price-to-earnings ratios (or "P/E's") below 20x, you may consider...
Analysis Article • Dec 17

These 4 Measures Indicate That Mainfreight (NZSE:MFT) Is Using Debt Reasonably Well

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Nov 12

Investors Should Be Encouraged By Mainfreight's (NZSE:MFT) Returns On Capital

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article • Oct 25

Estimating The Fair Value Of Mainfreight Limited (NZSE:MFT)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Mainfreight fair value estimate is NZ$88.95 Mainfreight's...
Analysis Article • Sep 10

Mainfreight Limited (NZSE:MFT) Not Lagging Market On Growth Or Pricing

Mainfreight Limited's ( NZSE:MFT ) price-to-earnings (or "P/E") ratio of 35.3x might make it look like a strong sell...
Analysis Article • Jul 25

Returns On Capital Are A Standout For Mainfreight (NZSE:MFT)

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • Jul 11

Is Mainfreight (NZSE:MFT) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Jun 19

Calculating The Fair Value Of Mainfreight Limited (NZSE:MFT)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Mainfreight fair value estimate is NZ$66.44 Current share...
Analysis Article • Jun 04

Mainfreight's (NZSE:MFT) Soft Earnings Are Actually Better Than They Appear

The market for Mainfreight Limited's ( NZSE:MFT ) shares didn't move much after it posted weak earnings recently. Our...
Analysis Article • Apr 22

Investor Optimism Abounds Mainfreight Limited (NZSE:MFT) But Growth Is Lacking

With a price-to-earnings (or "P/E") ratio of 21x Mainfreight Limited ( NZSE:MFT ) may be sending bearish signals at the...
Analysis Article • Feb 12

Here's What To Make Of Mainfreight's (NZSE:MFT) Decelerating Rates Of Return

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • Jan 26

Is Mainfreight (NZSE:MFT) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Oct 20

With EPS Growth And More, Mainfreight (NZSE:MFT) Makes An Interesting Case

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Sep 19

Mainfreight (NZSE:MFT) Could Become A Multi-Bagger

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article • Jul 20

Here's Why We Think Mainfreight (NZSE:MFT) Might Deserve Your Attention Today

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article • Jun 28

Mainfreight (NZSE:MFT) Has A Rock Solid Balance Sheet

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article • May 28

Mainfreight (NZSE:MFT) Has Announced A Dividend Of NZ$1.02

The board of Mainfreight Limited ( NZSE:MFT ) has announced that it will pay a dividend of NZ$1.02 per share on the...
Analysis Article • Apr 17

An Intrinsic Calculation For Mainfreight Limited (NZSE:MFT) Suggests It's 26% Undervalued

Key Insights Mainfreight's estimated fair value is NZ$96.04 based on 2 Stage Free Cash Flow to Equity Mainfreight is...
Analysis Article • Apr 04

If EPS Growth Is Important To You, Mainfreight (NZSE:MFT) Presents An Opportunity

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Mar 09

Mainfreight (NZSE:MFT) Seems To Use Debt Rather Sparingly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Feb 09

The Trend Of High Returns At Mainfreight (NZSE:MFT) Has Us Very Interested

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article • Nov 23

Here's Why We Think Mainfreight (NZSE:MFT) Is Well Worth Watching

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Nov 10

Returns on Capital Paint A Bright Future For Mainfreight (NZSE:MFT)

To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...
Analysis Article • Sep 13

An Intrinsic Calculation For Mainfreight Limited (NZSE:MFT) Suggests It's 29% Undervalued

How far off is Mainfreight Limited ( NZSE:MFT ) from its intrinsic value? Using the most recent financial data, we'll...

CEO Compensation Analysis

How has Don Braid's remuneration changed compared to Mainfreight's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025n/an/a

NZ$253m

Jun 30 2025n/an/a

NZ$264m

Mar 31 2025NZ$3mNZ$3m

NZ$274m

Dec 31 2024n/an/a

NZ$237m

Sep 30 2024n/an/a

NZ$199m

Jun 30 2024n/an/a

NZ$204m

Mar 31 2024NZ$4mNZ$3m

NZ$209m

Dec 31 2023n/an/a

NZ$271m

Sep 30 2023n/an/a

NZ$334m

Jun 30 2023n/an/a

NZ$380m

Mar 31 2023NZ$4mNZ$3m

NZ$426m

Dec 31 2022n/an/a

NZ$434m

Sep 30 2022n/an/a

NZ$442m

Jun 30 2022n/an/a

NZ$399m

Mar 31 2022NZ$3mNZ$3m

NZ$355m

Dec 31 2021n/an/a

NZ$301m

Sep 30 2021n/an/a

NZ$246m

Jun 30 2021n/an/a

NZ$217m

Mar 31 2021NZ$3mNZ$2m

NZ$188m

Dec 31 2020n/an/a

NZ$181m

Sep 30 2020n/an/a

NZ$173m

Jun 30 2020n/an/a

NZ$166m

Mar 31 2020NZ$3mNZ$2m

NZ$159m

Compensation vs Market: Don's total compensation ($USD1.71M) is about average for companies of similar size in the NZ market ($USD1.43M).

Compensation vs Earnings: Don's compensation has been consistent with company performance over the past year.

CEO

Don Braid (65 yo)

26.3yrs
Tenure
NZ$2,903,367
Compensation

Mr. Donald R. Braid, also known as Don, is Director at Mainfreight Limited since 2000 and is its Group MD. He serves as the Managing Director at Owens Group Limited. Mr. Braid serves as Group Managing Dire...

Board Members

NamePositionTenureCompensationOwnership
Bruce Plested
Founding Owner & Executive Chairman48.3yrsno data16.56%
NZ$ 975.2m
Donald Braid
Group MD & Director26.3yrsNZ$2.90m2.92%
NZ$ 171.8m
Bryan Mogridge
Independent Director23.1yrsNZ$120.00k0.20%
NZ$ 11.7m
Simon Cotter
Independent Director13.3yrsNZ$120.00k0.079%
NZ$ 4.7m
Catherie Parsons
Independent Director9.3yrsNZ$120.00k0.0015%
NZ$ 87.8k
Hayley Buckley
Independent Director2.2yrsNZ$120.00k0.00078%
NZ$ 45.9k
Annie Steel
Independent Non-Executive Director2.2yrsNZ$120.00k0.0015%
NZ$ 89.5k
13.3yrs
Average Tenure
61.5yo
Average Age

Experienced Board: MFT's board of directors are seasoned and experienced ( 13.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/26 06:21
End of Day Share Price 2026/05/26 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mainfreight Limited is covered by 9 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Philip CampbellCitigroup Inc
Wade GardinerDeutsche Bank
Andrew BowleyForsyth Barr Group Ltd.