Major Drilling Group International Inc.

OTCPK:MJDL.F Stock Report

Market Cap: US$509.7m

Major Drilling Group International Valuation

Is MJDL.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MJDL.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MJDL.F ($6.17) is trading below our estimate of fair value ($19.02)

Significantly Below Fair Value: MJDL.F is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MJDL.F?

Key metric: As MJDL.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MJDL.F. This is calculated by dividing MJDL.F's market cap by their current earnings.
What is MJDL.F's PE Ratio?
PE Ratio15x
EarningsCA$47.18m
Market CapCA$712.01m

Price to Earnings Ratio vs Peers

How does MJDL.F's PE Ratio compare to its peers?

The above table shows the PE ratio for MJDL.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average68.3x
EUBG Entrepreneur Universe Bright Group
196.3xn/aUS$362.2m
GSM Ferroglobe
20.9x49.4%US$841.7m
MTRN Materion
31.6x27.4%US$2.3b
IDR Idaho Strategic Resources
24.4x30.3%US$166.5m
MJDL.F Major Drilling Group International
15x31.4%US$712.0m

Price-To-Earnings vs Peers: MJDL.F is good value based on its Price-To-Earnings Ratio (15x) compared to the peer average (68.3x).

Price to Earnings Ratio vs Industry

How does MJDL.F's PE Ratio compare vs other companies in the US Metals and Mining Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
VITF.F Victoria Gold
2.1xn/aUS$23.43m
BMXI Brookmount Explorations
0.6xn/aUS$5.52m
RMRI Rocky Mountain Industrials
0.9xn/aUS$1.76m
ZCRM.F Zincore Metals
0.5xn/aUS$852.33k
MJDL.F 15.0xIndustry Avg. 19.9xNo. of Companies5PE01020304050+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MJDL.F is good value based on its Price-To-Earnings Ratio (15x) compared to the US Metals and Mining industry average (19.1x).

Price to Earnings Ratio vs Fair Ratio

What is MJDL.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MJDL.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15x
Fair PE Ratio22x

Price-To-Earnings vs Fair Ratio: MJDL.F is good value based on its Price-To-Earnings Ratio (15x) compared to the estimated Fair Price-To-Earnings Ratio (22x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MJDL.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$6.17
US$9.86
+59.9%
14.0%US$11.48US$7.89n/a4
Nov ’25US$5.99
US$9.95
+66.2%
17.0%US$11.80US$7.37n/a4
Oct ’25US$6.18
US$9.95
+61.1%
17.0%US$11.80US$7.37n/a4
Sep ’25US$6.96
US$10.74
+54.3%
19.4%US$13.83US$8.01n/a4
Aug ’25US$6.64
US$10.74
+61.7%
19.4%US$13.83US$8.01n/a4
Jul ’25US$6.50
US$10.74
+65.2%
19.4%US$13.83US$8.01n/a4
Jun ’25US$7.32
US$10.84
+48.1%
19.4%US$13.96US$8.08n/a4
May ’25US$6.99
US$11.12
+59.1%
17.6%US$14.00US$8.10n/a5
Apr ’25US$6.75
US$11.12
+64.8%
17.6%US$14.00US$8.10n/a5
Mar ’25US$5.76
US$11.32
+96.6%
14.9%US$14.01US$9.03n/a5
Feb ’25US$6.28
US$11.68
+86.0%
15.1%US$14.18US$9.14n/a5
Jan ’25US$7.00
US$12.00
+71.4%
10.4%US$13.98US$10.67n/a5
Dec ’24US$5.82
US$11.91
+104.7%
8.4%US$13.15US$10.59n/a5
Nov ’24US$5.19
US$11.91
+129.5%
8.4%US$13.15US$10.59US$5.995
Oct ’24US$6.21
US$11.91
+91.8%
8.4%US$13.15US$10.59US$6.185
Sep ’24US$6.43
US$12.26
+90.7%
8.1%US$13.27US$10.69US$6.964
Aug ’24US$6.97
US$12.52
+79.6%
8.1%US$13.56US$10.92US$6.644
Jul ’24US$6.90
US$12.47
+80.7%
8.1%US$13.50US$10.87US$6.504
Jun ’24US$6.91
US$11.94
+72.7%
8.4%US$13.18US$10.62US$7.325
May ’24US$7.98
US$11.94
+49.6%
8.4%US$13.18US$10.62US$6.995
Apr ’24US$8.00
US$11.94
+49.2%
8.4%US$13.18US$10.62US$6.755
Mar ’24US$7.81
US$11.94
+52.8%
8.4%US$13.18US$10.62US$5.765
Feb ’24US$8.23
US$11.94
+45.0%
8.4%US$13.18US$10.62US$6.285
Jan ’24US$7.69
US$11.94
+55.2%
8.4%US$13.18US$10.62US$7.005
Dec ’23US$6.94
US$12.09
+74.1%
8.4%US$13.35US$10.75US$5.825
Nov ’23US$6.12
US$12.09
+97.4%
8.4%US$13.35US$10.75US$5.195

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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