MAJOR DRILLING GROUP INTL (MDI.CA) Fundamental Analysis & Valuation
TSX:MDI • CA5609091031
16.54 CAD
-0.54 (-3.16%)
Last: Mar 6, 2026, 07:00 PM
This MDI.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
We assign a fundamental rating of 6 out of 10 to MDI. MDI was compared to 817 industry peers in the Metals & Mining industry. MDI has an excellent profitability rating, but there are some minor concerns on its financial health. MDI is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! These ratings could make MDI a good candidate for growth investing.
1. MDI.CA Profitability Analysis
1.1 Basic Checks
- MDI had positive earnings in the past year.
- MDI had a positive operating cash flow in the past year.
- In the past 5 years MDI has always been profitable.
- In the past 5 years MDI always reported a positive cash flow from operatings.
1.2 Ratios
- MDI's Return On Assets of 2.05% is amongst the best of the industry. MDI outperforms 85.29% of its industry peers.
- MDI has a better Return On Equity (2.86%) than 85.91% of its industry peers.
- The Return On Invested Capital of MDI (3.65%) is better than 90.93% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for MDI is below the industry average of 12.59%.
- The 3 year average ROIC (9.82%) for MDI is well above the current ROIC(3.65%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.05% | ||
| ROE | 2.86% | ||
| ROIC | 3.65% |
ROA(3y)8.18%
ROA(5y)7.34%
ROE(3y)10.76%
ROE(5y)10.14%
ROIC(3y)9.82%
ROIC(5y)8.82%
1.3 Margins
- The Profit Margin of MDI (1.95%) is better than 89.83% of its industry peers.
- MDI's Profit Margin has declined in the last couple of years.
- MDI has a better Operating Margin (3.86%) than 89.09% of its industry peers.
- In the last couple of years the Operating Margin of MDI has grown nicely.
- With an excellent Gross Margin value of 16.50%, MDI belongs to the best of the industry, outperforming 87.25% of the companies in the same industry.
- MDI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.86% | ||
| PM (TTM) | 1.95% | ||
| GM | 16.5% |
OM growth 3Y-21.08%
OM growth 5Y17.49%
PM growth 3Y-24.29%
PM growth 5YN/A
GM growth 3Y-5.84%
GM growth 5Y3.91%
2. MDI.CA Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MDI is destroying value.
- MDI has more shares outstanding than it did 1 year ago.
- Compared to 5 years ago, MDI has more shares outstanding
- The debt/assets ratio for MDI is higher compared to a year ago.
2.2 Solvency
- MDI has an Altman-Z score of 5.72. This indicates that MDI is financially healthy and has little risk of bankruptcy at the moment.
- MDI has a Altman-Z score of 5.72. This is comparable to the rest of the industry: MDI outperforms 54.78% of its industry peers.
- The Debt to FCF ratio of MDI is 1.91, which is an excellent value as it means it would take MDI, only 1.91 years of fcf income to pay off all of its debts.
- With an excellent Debt to FCF ratio value of 1.91, MDI belongs to the best of the industry, outperforming 92.52% of the companies in the same industry.
- MDI has a Debt/Equity ratio of 0.06. This is a healthy value indicating a solid balance between debt and equity.
- Looking at the Debt to Equity ratio, with a value of 0.06, MDI is doing worse than 61.40% of the companies in the same industry.
- Although MDI's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 1.91 | ||
| Altman-Z | 5.72 |
ROIC/WACC0.36
WACC10.01%
2.3 Liquidity
- MDI has a Current Ratio of 2.49. This indicates that MDI is financially healthy and has no problem in meeting its short term obligations.
- Looking at the Current ratio, with a value of 2.49, MDI is in line with its industry, outperforming 57.11% of the companies in the same industry.
- A Quick Ratio of 1.75 indicates that MDI should not have too much problems paying its short term obligations.
- MDI's Quick ratio of 1.75 is in line compared to the rest of the industry. MDI outperforms 51.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.49 | ||
| Quick Ratio | 1.75 |
3. MDI.CA Growth Analysis
3.1 Past
- The earnings per share for MDI have decreased strongly by -62.00% in the last year.
- The Earnings Per Share has been growing by 98.73% on average over the past years. This is a very strong growth
- The Revenue has grown by 20.42% in the past year. This is a very strong growth!
- The Revenue has been growing by 12.20% on average over the past years. This is quite good.
EPS 1Y (TTM)-62%
EPS 3Y-21.47%
EPS 5Y98.73%
EPS Q2Q%-22.73%
Revenue 1Y (TTM)20.42%
Revenue growth 3Y3.81%
Revenue growth 5Y12.2%
Sales Q2Q%29%
3.2 Future
- Based on estimates for the next years, MDI will show a very strong growth in Earnings Per Share. The EPS will grow by 26.02% on average per year.
- The Revenue is expected to grow by 13.26% on average over the next years. This is quite good.
EPS Next Y27.06%
EPS Next 2Y43.27%
EPS Next 3Y38.76%
EPS Next 5Y26.02%
Revenue Next Year15.92%
Revenue Next 2Y11.57%
Revenue Next 3Y16.28%
Revenue Next 5Y13.26%
3.3 Evolution
- The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. MDI.CA Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 87.05, the valuation of MDI can be described as expensive.
- MDI's Price/Earnings ratio is rather cheap when compared to the industry. MDI is cheaper than 86.52% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 26.29. MDI is valued rather expensively when compared to this.
- MDI is valuated quite expensively with a Price/Forward Earnings ratio of 25.99.
- 88.85% of the companies in the same industry are more expensive than MDI, based on the Price/Forward Earnings ratio.
- When comparing the Price/Forward Earnings ratio of MDI to the average of the S&P500 Index (24.57), we can say MDI is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 87.05 | ||
| Fwd PE | 25.99 |
4.2 Price Multiples
- 93.87% of the companies in the same industry are more expensive than MDI, based on the Enterprise Value to EBITDA ratio.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of MDI indicates a rather cheap valuation: MDI is cheaper than 92.16% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 70.33 | ||
| EV/EBITDA | 13.62 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MDI does not grow enough to justify the current Price/Earnings ratio.
- MDI has an outstanding profitability rating, which may justify a higher PE ratio.
- MDI's earnings are expected to grow with 38.76% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.22
PEG (5Y)0.88
EPS Next 2Y43.27%
EPS Next 3Y38.76%
5. MDI.CA Dividend Analysis
5.1 Amount
- MDI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
MDI.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:MDI (3/6/2026, 7:00:00 PM)
16.54
-0.54 (-3.16%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-25 2026-02-25/amc
Earnings (Next)06-09 2026-06-09
Inst Owners43.02%
Inst Owner ChangeN/A
Ins Owners0.25%
Ins Owner ChangeN/A
Market Cap1.36B
Revenue(TTM)819.03M
Net Income(TTM)15.94M
Analysts82.22
Price Target18.99 (14.81%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-14.56%
Min EPS beat(2)-30.11%
Max EPS beat(2)0.99%
EPS beat(4)1
Avg EPS beat(4)-81.27%
Min EPS beat(4)-211.17%
Max EPS beat(4)0.99%
EPS beat(8)2
Avg EPS beat(8)-75.96%
EPS beat(12)3
Avg EPS beat(12)-51.66%
EPS beat(16)7
Avg EPS beat(16)-5.91%
Revenue beat(2)1
Avg Revenue beat(2)0.16%
Min Revenue beat(2)-1.07%
Max Revenue beat(2)1.39%
Revenue beat(4)2
Avg Revenue beat(4)0.87%
Min Revenue beat(4)-1.07%
Max Revenue beat(4)3.93%
Revenue beat(8)3
Avg Revenue beat(8)-1.59%
Revenue beat(12)4
Avg Revenue beat(12)-1.87%
Revenue beat(16)8
Avg Revenue beat(16)0.17%
PT rev (1m)10.83%
PT rev (3m)20.13%
EPS NQ rev (1m)-27.27%
EPS NQ rev (3m)-333.35%
EPS NY rev (1m)0%
EPS NY rev (3m)-26.87%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.2%
Revenue NY rev (1m)1.68%
Revenue NY rev (3m)1.77%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 87.05 | ||
| Fwd PE | 25.99 | ||
| P/S | 1.66 | ||
| P/FCF | 70.33 | ||
| P/OCF | 17.63 | ||
| P/B | 2.43 | ||
| P/tB | 2.9 | ||
| EV/EBITDA | 13.62 |
EPS(TTM)0.19
EY1.15%
EPS(NY)0.64
Fwd EY3.85%
FCF(TTM)0.24
FCFY1.42%
OCF(TTM)0.94
OCFY5.67%
SpS9.97
BVpS6.79
TBVpS5.71
PEG (NY)3.22
PEG (5Y)0.88
Graham Number5.39
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.05% | ||
| ROE | 2.86% | ||
| ROCE | 5.06% | ||
| ROIC | 3.65% | ||
| ROICexc | 4.07% | ||
| ROICexgc | 4.85% | ||
| OM | 3.86% | ||
| PM (TTM) | 1.95% | ||
| GM | 16.5% | ||
| FCFM | 2.36% |
ROA(3y)8.18%
ROA(5y)7.34%
ROE(3y)10.76%
ROE(5y)10.14%
ROIC(3y)9.82%
ROIC(5y)8.82%
ROICexc(3y)11.74%
ROICexc(5y)10.47%
ROICexgc(3y)12.7%
ROICexgc(5y)11.29%
ROCE(3y)13.6%
ROCE(5y)12.22%
ROICexgc growth 3Y-27.95%
ROICexgc growth 5Y18.98%
ROICexc growth 3Y-30.03%
ROICexc growth 5Y15.77%
OM growth 3Y-21.08%
OM growth 5Y17.49%
PM growth 3Y-24.29%
PM growth 5YN/A
GM growth 3Y-5.84%
GM growth 5Y3.91%
F-Score4
Asset Turnover1.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 1.91 | ||
| Debt/EBITDA | 0.34 | ||
| Cap/Depr | 83.23% | ||
| Cap/Sales | 7.05% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 76.32% | ||
| Profit Quality | 121.18% | ||
| Current Ratio | 2.49 | ||
| Quick Ratio | 1.75 | ||
| Altman-Z | 5.72 |
F-Score4
WACC10.01%
ROIC/WACC0.36
Cap/Depr(3y)126.66%
Cap/Depr(5y)114.67%
Cap/Sales(3y)9.45%
Cap/Sales(5y)8.65%
Profit Quality(3y)84.89%
Profit Quality(5y)73.94%
High Growth Momentum
Growth
EPS 1Y (TTM)-62%
EPS 3Y-21.47%
EPS 5Y98.73%
EPS Q2Q%-22.73%
EPS Next Y27.06%
EPS Next 2Y43.27%
EPS Next 3Y38.76%
EPS Next 5Y26.02%
Revenue 1Y (TTM)20.42%
Revenue growth 3Y3.81%
Revenue growth 5Y12.2%
Sales Q2Q%29%
Revenue Next Year15.92%
Revenue Next 2Y11.57%
Revenue Next 3Y16.28%
Revenue Next 5Y13.26%
EBIT growth 1Y-44.06%
EBIT growth 3Y-18.07%
EBIT growth 5Y31.83%
EBIT Next Year74.99%
EBIT Next 3Y36.67%
EBIT Next 5Y25%
FCF growth 1Y-51.25%
FCF growth 3Y-14.19%
FCF growth 5Y22.97%
OCF growth 1Y-26.99%
OCF growth 3Y2.08%
OCF growth 5Y19.11%
MAJOR DRILLING GROUP INTL / MDI.CA FAQ
Can you provide the ChartMill fundamental rating for MAJOR DRILLING GROUP INTL?
ChartMill assigns a fundamental rating of 6 / 10 to MDI.CA.
What is the valuation status of MAJOR DRILLING GROUP INTL (MDI.CA) stock?
ChartMill assigns a valuation rating of 6 / 10 to MAJOR DRILLING GROUP INTL (MDI.CA). This can be considered as Fairly Valued.
What is the profitability of MDI stock?
MAJOR DRILLING GROUP INTL (MDI.CA) has a profitability rating of 8 / 10.
Can you provide the PE and PB ratios for MDI stock?
The Price/Earnings (PE) ratio for MAJOR DRILLING GROUP INTL (MDI.CA) is 87.05 and the Price/Book (PB) ratio is 2.43.
What is the expected EPS growth for MAJOR DRILLING GROUP INTL (MDI.CA) stock?
The Earnings per Share (EPS) of MAJOR DRILLING GROUP INTL (MDI.CA) is expected to grow by 27.06% in the next year.