MULLEN GROUP LTD (MTL.CA) Fundamental Analysis & Valuation
TSX:MTL • CA6252841045
Current stock price
18.34 CAD
+0.24 (+1.33%)
Last:
This MTL.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. MTL.CA Profitability Analysis
1.1 Basic Checks
- MTL had positive earnings in the past year.
- MTL had a positive operating cash flow in the past year.
- MTL had positive earnings in each of the past 5 years.
- Each year in the past 5 years MTL had a positive operating cash flow.
1.2 Ratios
- MTL's Return On Assets of 3.54% is on the low side compared to the rest of the industry. MTL is outperformed by 66.67% of its industry peers.
- The Return On Equity of MTL (7.99%) is worse than 66.67% of its industry peers.
- MTL has a Return On Invested Capital of 5.75%. This is comparable to the rest of the industry: MTL outperforms 50.00% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for MTL is in line with the industry average of 6.96%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.54% | ||
| ROE | 7.99% | ||
| ROIC | 5.75% |
ROA(3y)5.02%
ROA(5y)5.35%
ROE(3y)11.02%
ROE(5y)11.5%
ROIC(3y)7.44%
ROIC(5y)7.14%
1.3 Margins
- MTL has a Profit Margin (4.27%) which is in line with its industry peers.
- In the last couple of years the Profit Margin of MTL has declined.
- MTL has a Operating Margin (8.35%) which is in line with its industry peers.
- In the last couple of years the Operating Margin of MTL has grown nicely.
- MTL's Gross Margin of 37.66% is in line compared to the rest of the industry. MTL outperforms 50.00% of its industry peers.
- MTL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.35% | ||
| PM (TTM) | 4.27% | ||
| GM | 37.66% |
OM growth 3Y-7.98%
OM growth 5Y1.54%
PM growth 3Y-18.65%
PM growth 5Y-4.93%
GM growth 3Y1.77%
GM growth 5Y-0.7%
2. MTL.CA Health Analysis
2.1 Basic Checks
- MTL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- The number of shares outstanding for MTL has been increased compared to 1 year ago.
- The number of shares outstanding for MTL has been reduced compared to 5 years ago.
- Compared to 1 year ago, MTL has an improved debt to assets ratio.
2.2 Solvency
- MTL has an Altman-Z score of 2.05. This is not the best score and indicates that MTL is in the grey zone with still only limited risk for bankruptcy at the moment.
- MTL has a Altman-Z score (2.05) which is comparable to the rest of the industry.
- MTL has a debt to FCF ratio of 5.02. This is a neutral value as MTL would need 5.02 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 5.02, MTL is in line with its industry, outperforming 50.00% of the companies in the same industry.
- MTL has a Debt/Equity ratio of 0.88. This is a neutral value indicating MTL is somewhat dependend on debt financing.
- With a Debt to Equity ratio value of 0.88, MTL perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 5.02 | ||
| Altman-Z | 2.05 |
ROIC/WACC0.63
WACC9.14%
2.3 Liquidity
- A Current Ratio of 2.17 indicates that MTL has no problem at all paying its short term obligations.
- MTL has a better Current ratio (2.17) than 100.00% of its industry peers.
- MTL has a Quick Ratio of 1.99. This is a normal value and indicates that MTL is financially healthy and should not expect problems in meeting its short term obligations.
- MTL has a better Quick ratio (1.99) than 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.17 | ||
| Quick Ratio | 1.99 |
3. MTL.CA Growth Analysis
3.1 Past
- MTL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -19.35%.
- Measured over the past years, MTL shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.68% on average per year.
- MTL shows a small growth in Revenue. In the last year, the Revenue has grown by 7.26%.
- The Revenue has been growing by 12.88% on average over the past years. This is quite good.
EPS 1Y (TTM)-19.35%
EPS 3Y-14.68%
EPS 5Y9.68%
EPS Q2Q%-23.81%
Revenue 1Y (TTM)7.26%
Revenue growth 3Y2.19%
Revenue growth 5Y12.88%
Sales Q2Q%6.95%
3.2 Future
- Based on estimates for the next years, MTL will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.17% on average per year.
- MTL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.44% yearly.
EPS Next Y22.46%
EPS Next 2Y16.06%
EPS Next 3Y5.12%
EPS Next 5Y9.17%
Revenue Next Year6.54%
Revenue Next 2Y4.38%
Revenue Next 3Y2.09%
Revenue Next 5Y1.44%
3.3 Evolution
- The EPS growth rate is stable: in the next years the growth will be about the same than in the last 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 decreasing.
4. MTL.CA Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 18.34, the valuation of MTL can be described as rather expensive.
- Based on the Price/Earnings ratio, MTL is valued cheaply inside the industry as 83.33% of the companies are valued more expensively.
- When comparing the Price/Earnings ratio of MTL to the average of the S&P500 Index (26.86), we can say MTL is valued slightly cheaper.
- Based on the Price/Forward Earnings ratio of 14.98, the valuation of MTL can be described as correct.
- 83.33% of the companies in the same industry are more expensive than MTL, based on the Price/Forward Earnings ratio.
- Compared to an average S&P500 Price/Forward Earnings ratio of 37.39, MTL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.34 | ||
| Fwd PE | 14.98 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MTL indicates a rather cheap valuation: MTL is cheaper than 83.33% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, MTL is valued cheaper than 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.37 | ||
| EV/EBITDA | 8.2 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.82
PEG (5Y)1.89
EPS Next 2Y16.06%
EPS Next 3Y5.12%
5. MTL.CA Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 4.64%, MTL is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 1.56, MTL pays a better dividend. On top of this MTL pays more dividend than 100.00% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, MTL pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.64% |
5.2 History
- On average, the dividend of MTL grows each year by 18.04%, which is quite nice.
- MTL has paid a dividend for at least 10 years, which is a reliable track record.
- As MTL did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)18.04%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
- 81.18% of the earnings are spent on dividend by MTL. This is not a sustainable payout ratio.
- The dividend of MTL is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP81.18%
EPS Next 2Y16.06%
EPS Next 3Y5.12%
MTL.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:MTL (4/10/2026, 7:00:00 PM)
18.34
+0.24 (+1.33%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)02-12 2026-02-12/bmo
Earnings (Next)04-23 2026-04-23
Inst Owners27.45%
Inst Owner ChangeN/A
Ins Owners6.47%
Ins Owner ChangeN/A
Market Cap1.76B
Revenue(TTM)2.13B
Net Income(TTM)91.11M
Analysts75.38
Price Target18.9 (3.05%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.64% |
Yearly Dividend0.81
Dividend Growth(5Y)18.04%
DP81.18%
Div Incr Years5
Div Non Decr Years5
Ex-Date03-31 2026-03-31 (0.07)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-14.43%
Min EPS beat(2)-25.58%
Max EPS beat(2)-3.29%
EPS beat(4)0
Avg EPS beat(4)-16.83%
Min EPS beat(4)-25.58%
Max EPS beat(4)-3.29%
EPS beat(8)2
Avg EPS beat(8)-9.43%
EPS beat(12)5
Avg EPS beat(12)-0.2%
EPS beat(16)7
Avg EPS beat(16)9.16%
Revenue beat(2)0
Avg Revenue beat(2)-4.9%
Min Revenue beat(2)-9.1%
Max Revenue beat(2)-0.7%
Revenue beat(4)1
Avg Revenue beat(4)-2.56%
Min Revenue beat(4)-9.1%
Max Revenue beat(4)1.28%
Revenue beat(8)2
Avg Revenue beat(8)-2.8%
Revenue beat(12)4
Avg Revenue beat(12)-1.84%
Revenue beat(16)6
Avg Revenue beat(16)-0.29%
PT rev (1m)0%
PT rev (3m)10.27%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-16.15%
EPS NY rev (1m)0.21%
EPS NY rev (3m)-1.72%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.38%
Revenue NY rev (1m)-0.17%
Revenue NY rev (3m)0.97%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.34 | ||
| Fwd PE | 14.98 | ||
| P/S | 0.82 | ||
| P/FCF | 8.37 | ||
| P/OCF | 5.75 | ||
| P/B | 1.54 | ||
| P/tB | 3.52 | ||
| EV/EBITDA | 8.2 |
EPS(TTM)1
EY5.45%
EPS(NY)1.22
Fwd EY6.68%
FCF(TTM)2.19
FCFY11.95%
OCF(TTM)3.19
OCFY17.4%
SpS22.25
BVpS11.89
TBVpS5.22
PEG (NY)0.82
PEG (5Y)1.89
Graham Number16.36
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.54% | ||
| ROE | 7.99% | ||
| ROCE | 7.72% | ||
| ROIC | 5.75% | ||
| ROICexc | 6.15% | ||
| ROICexgc | 8.73% | ||
| OM | 8.35% | ||
| PM (TTM) | 4.27% | ||
| GM | 37.66% | ||
| FCFM | 9.85% |
ROA(3y)5.02%
ROA(5y)5.35%
ROE(3y)11.02%
ROE(5y)11.5%
ROIC(3y)7.44%
ROIC(5y)7.14%
ROICexc(3y)7.72%
ROICexc(5y)7.32%
ROICexgc(3y)10.66%
ROICexgc(5y)10.03%
ROCE(3y)10.19%
ROCE(5y)9.8%
ROICexgc growth 3Y-10.2%
ROICexgc growth 5Y9.09%
ROICexc growth 3Y-11.69%
ROICexc growth 5Y6.62%
OM growth 3Y-7.98%
OM growth 5Y1.54%
PM growth 3Y-18.65%
PM growth 5Y-4.93%
GM growth 3Y1.77%
GM growth 5Y-0.7%
F-Score5
Asset Turnover0.83
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 5.02 | ||
| Debt/EBITDA | 3.11 | ||
| Cap/Depr | 65.46% | ||
| Cap/Sales | 4.49% | ||
| Interest Coverage | 3.01 | ||
| Cash Conversion | 94.26% | ||
| Profit Quality | 230.67% | ||
| Current Ratio | 2.17 | ||
| Quick Ratio | 1.99 | ||
| Altman-Z | 2.05 |
F-Score5
WACC9.14%
ROIC/WACC0.63
Cap/Depr(3y)69.27%
Cap/Depr(5y)68%
Cap/Sales(3y)4.39%
Cap/Sales(5y)4.37%
Profit Quality(3y)186.27%
Profit Quality(5y)170.48%
High Growth Momentum
Growth
EPS 1Y (TTM)-19.35%
EPS 3Y-14.68%
EPS 5Y9.68%
EPS Q2Q%-23.81%
EPS Next Y22.46%
EPS Next 2Y16.06%
EPS Next 3Y5.12%
EPS Next 5Y9.17%
Revenue 1Y (TTM)7.26%
Revenue growth 3Y2.19%
Revenue growth 5Y12.88%
Sales Q2Q%6.95%
Revenue Next Year6.54%
Revenue Next 2Y4.38%
Revenue Next 3Y2.09%
Revenue Next 5Y1.44%
EBIT growth 1Y-6.81%
EBIT growth 3Y-5.96%
EBIT growth 5Y14.62%
EBIT Next Year97.47%
EBIT Next 3Y26.67%
EBIT Next 5Y16.2%
FCF growth 1Y-6.41%
FCF growth 3Y5%
FCF growth 5Y5.66%
OCF growth 1Y3.33%
OCF growth 3Y5.18%
OCF growth 5Y6.36%
MULLEN GROUP LTD / MTL.CA Fundamental Analysis FAQ
What is the fundamental rating for MTL stock?
ChartMill assigns a fundamental rating of 5 / 10 to MTL.CA.
What is the valuation status for MTL stock?
ChartMill assigns a valuation rating of 6 / 10 to MULLEN GROUP LTD (MTL.CA). This can be considered as Fairly Valued.
What is the profitability of MTL stock?
MULLEN GROUP LTD (MTL.CA) has a profitability rating of 4 / 10.
Can you provide the financial health for MTL stock?
The financial health rating of MULLEN GROUP LTD (MTL.CA) is 5 / 10.
Is the dividend of MULLEN GROUP LTD sustainable?
The dividend rating of MULLEN GROUP LTD (MTL.CA) is 7 / 10 and the dividend payout ratio is 81.18%.