Mainfreight Limited provides supply chain logistics solutions in New Zealand, Australia, the Americas, Asia, and Europe. More Details
No risks detected for MFT from our risk checks.
Solid track record with excellent balance sheet.
Share Price & News
How has Mainfreight's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MFT is less volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: MFT's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: MFT exceeded the NZ Logistics industry which returned 93.2% over the past year.
Return vs Market: MFT exceeded the NZ Market which returned 22.4% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Mainfreight's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall StIf You Like EPS Growth Then Check Out Mainfreight (NZSE:MFT) Before It's Too Late
4 weeks ago | Simply Wall StMainfreight (NZSE:MFT) Hasn't Managed To Accelerate Its Returns
1 month ago | Simply Wall StAre Insiders Buying Mainfreight Limited (NZSE:MFT) Stock?
Is Mainfreight 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: MFT (NZ$76.4) is trading below our estimate of fair value (NZ$136.91)
Significantly Below Fair Value: MFT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MFT is poor value based on its PE Ratio (44.5x) compared to the XO Logistics industry average (12.2x).
PE vs Market: MFT is poor value based on its PE Ratio (44.5x) compared to the NZ market (22.4x).
Price to Earnings Growth Ratio
PEG Ratio: MFT is poor value based on its PEG Ratio (3.4x)
Price to Book Ratio
PB vs Industry: MFT is overvalued based on its PB Ratio (7.7x) compared to the XO Logistics industry average (2x).
How is Mainfreight forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MFT's forecast earnings growth (13.2% per year) is above the savings rate (2.1%).
Earnings vs Market: MFT's earnings (13.2% per year) are forecast to grow faster than the NZ market (8.4% per year).
High Growth Earnings: MFT's earnings are forecast to grow, but not significantly.
Revenue vs Market: MFT's revenue (8.8% per year) is forecast to grow faster than the NZ market (6.7% per year).
High Growth Revenue: MFT's revenue (8.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MFT's Return on Equity is forecast to be low in 3 years time (17.2%).
How has Mainfreight performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MFT has high quality earnings.
Growing Profit Margin: MFT's current net profit margins (5.4%) are higher than last year (4.7%).
Past Earnings Growth Analysis
Earnings Trend: MFT's earnings have grown by 14.8% per year over the past 5 years.
Accelerating Growth: MFT's earnings growth over the past year (22.6%) exceeds its 5-year average (14.8% per year).
Earnings vs Industry: MFT earnings growth over the past year (22.6%) exceeded the Logistics industry 7.8%.
Return on Equity
High ROE: MFT's Return on Equity (17.4%) is considered low.
How is Mainfreight's financial position?
Financial Position Analysis
Short Term Liabilities: MFT's short term assets (NZ$581.2M) exceed its short term liabilities (NZ$538.3M).
Long Term Liabilities: MFT's short term assets (NZ$581.2M) do not cover its long term liabilities (NZ$721.4M).
Debt to Equity History and Analysis
Debt Level: MFT's debt to equity ratio (24.1%) is considered satisfactory.
Reducing Debt: MFT's debt to equity ratio has reduced from 65.2% to 24.1% over the past 5 years.
Debt Coverage: MFT's debt is well covered by operating cash flow (152.9%).
Interest Coverage: MFT's interest payments on its debt are well covered by EBIT (11.2x coverage).
What is Mainfreight current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MFT's dividend (0.77%) isn’t notable compared to the bottom 25% of dividend payers in the NZ market (2.32%).
High Dividend: MFT's dividend (0.77%) is low compared to the top 25% of dividend payers in the NZ market (4.5%).
Stability and Growth of Payments
Stable Dividend: MFT is not paying a notable dividend for the NZ market, therefore no need to check if payments are stable.
Growing Dividend: MFT is not paying a notable dividend for the NZ market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: MFT is not paying a notable dividend for the NZ market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MFT's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Don Braid (60 yo)
Mr. Donald R. Braid, also known as Don, serves as the Managing Director at Owens Group Limited. Mr. Braid serves as Group Managing Director at Mainfreight Ltd. and Mainfreight International Inc. He has bee...
CEO Compensation Analysis
Compensation vs Market: Don's total compensation ($USD2.13M) is above average for companies of similar size in the NZ market ($USD1.47M).
Compensation vs Earnings: Don's compensation has been consistent with company performance over the past year.
Experienced Management: MFT's management team is seasoned and experienced (11.9 years average tenure).
Experienced Board: MFT's board of directors are seasoned and experienced ( 18.1 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Mainfreight Limited's company bio, employee growth, exchange listings and data sources
- Name: Mainfreight Limited
- Ticker: MFT
- Exchange: NZSE
- Founded: 1978
- Industry: Air Freight and Logistics
- Sector: Transportation
- Market Cap: NZ$7.583b
- Shares outstanding: 100.70m
- Website: https://www.mainfreight.com
Number of Employees
- Mainfreight Limited
- 2 Railway Lane
- New Zealand
Mainfreight Limited provides supply chain logistics solutions in New Zealand, Australia, the Americas, Asia, and Europe. It provides warehousing, domestic freight forwarding, and international air and ocea...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/06 07:00|
|End of Day Share Price||2021/05/06 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.