MULLEN GROUP LTD (MTL.CA) Fundamental Analysis & Valuation
TSX:MTL • CA6252841045
Current stock price
16.74 CAD
+0.59 (+3.65%)
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
- In the past year MTL was profitable.
- In the past year MTL had a positive cash flow from operations.
- Each year in the past 5 years MTL has been profitable.
- MTL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- With a Return On Assets value of 3.54%, MTL is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
- MTL has a worse Return On Equity (7.99%) than 66.67% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 5.75%, MTL is in line with its industry, outperforming 50.00% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years 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 of 4.27%. This is comparable to the rest of the industry: MTL outperforms 50.00% of its industry peers.
- MTL's Profit Margin has declined in the last couple of years.
- Looking at the Operating Margin, with a value of 8.35%, MTL is in line with its industry, outperforming 50.00% of the companies in the same industry.
- MTL's Operating Margin has improved in the last couple of years.
- Looking at the Gross Margin, with a value of 37.66%, MTL is in line with its industry, outperforming 50.00% of the companies in the same industry.
- 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.
- Compared to 1 year ago, MTL has more shares outstanding
- MTL has less shares outstanding than it did 5 years ago.
- The debt/assets ratio for MTL has been reduced compared to a year ago.
2.2 Solvency
- MTL has an Altman-Z score of 1.96. 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.
- Looking at the Altman-Z score, with a value of 1.96, MTL is in line with its industry, outperforming 50.00% of the companies in the same 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.
- The Debt to FCF ratio of MTL (5.02) is comparable to the rest of the industry.
- MTL has a Debt/Equity ratio of 0.88. This is a neutral value indicating MTL is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.88, MTL is in line with its industry, outperforming 50.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 5.02 | ||
| Altman-Z | 1.96 |
ROIC/WACC0.61
WACC9.35%
2.3 Liquidity
- MTL has a Current Ratio of 2.17. This indicates that MTL is financially healthy and has no problem in meeting its short term obligations.
- MTL's Current ratio of 2.17 is amongst the best of the industry. MTL outperforms 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.
- The Quick ratio of MTL (1.99) is better 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
- The earnings per share for MTL have decreased strongly by -19.35% in the last year.
- MTL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.68% yearly.
- MTL shows a small growth in Revenue. In the last year, the Revenue has grown by 7.26%.
- Measured over the past years, MTL shows a quite strong growth in Revenue. The Revenue has been growing by 12.88% on average per year.
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.
- The Revenue is expected to grow by 1.44% on average over the next years.
EPS Next Y22.21%
EPS Next 2Y16.39%
EPS Next 3Y5.12%
EPS Next 5Y9.17%
Revenue Next Year6.72%
Revenue Next 2Y4.56%
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 16.74, 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/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 25.54, MTL is valued a bit cheaper.
- With a Price/Forward Earnings ratio of 13.70, MTL is valued correctly.
- Based on the Price/Forward Earnings ratio, MTL is valued cheaper than 83.33% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, MTL is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.74 | ||
| Fwd PE | 13.7 |
4.2 Price Multiples
- MTL's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. MTL is cheaper than 83.33% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, MTL is valued cheaply inside the industry as 83.33% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.64 | ||
| EV/EBITDA | 7.55 |
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)0.75
PEG (5Y)1.73
EPS Next 2Y16.39%
EPS Next 3Y5.12%
5. MTL.CA Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 5.23%, MTL is a good candidate for dividend investing.
- MTL's Dividend Yield is rather good when compared to the industry average which is at 1.78. MTL pays more dividend than 100.00% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.89, MTL pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.23% |
5.2 History
- On average, the dividend of MTL grows each year by 18.04%, which is quite nice.
- MTL has been paying a dividend for at least 10 years, so it has a reliable track record.
- MTL has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)18.04%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
- MTL pays out 81.18% of its income as dividend. This is not a sustainable payout ratio.
- MTL's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP81.18%
EPS Next 2Y16.39%
EPS Next 3Y5.12%
MTL.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:MTL (3/23/2026, 7:00:00 PM)
16.74
+0.59 (+3.65%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)02-12 2026-02-12/bmo
Earnings (Next)04-21 2026-04-21
Inst Owners26.8%
Inst Owner ChangeN/A
Ins Owners6.47%
Ins Owner ChangeN/A
Market Cap1.61B
Revenue(TTM)2.13B
Net Income(TTM)91.11M
Analysts75.38
Price Target18.9 (12.9%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.23% |
Yearly Dividend0.81
Dividend Growth(5Y)18.04%
DP81.18%
Div Incr Years4
Div Non Decr Years4
Ex-Date02-27 2026-02-27 (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)2.35%
PT rev (3m)10.27%
EPS NQ rev (1m)-16.15%
EPS NQ rev (3m)-16.15%
EPS NY rev (1m)-1.93%
EPS NY rev (3m)-1.93%
Revenue NQ rev (1m)-1.38%
Revenue NQ rev (3m)-1.38%
Revenue NY rev (1m)1.14%
Revenue NY rev (3m)1.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.74 | ||
| Fwd PE | 13.7 | ||
| P/S | 0.75 | ||
| P/FCF | 7.64 | ||
| P/OCF | 5.25 | ||
| P/B | 1.41 | ||
| P/tB | 3.21 | ||
| EV/EBITDA | 7.55 |
EPS(TTM)1
EY5.97%
EPS(NY)1.22
Fwd EY7.3%
FCF(TTM)2.19
FCFY13.09%
OCF(TTM)3.19
OCFY19.06%
SpS22.25
BVpS11.89
TBVpS5.22
PEG (NY)0.75
PEG (5Y)1.73
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 | 1.96 |
F-Score5
WACC9.35%
ROIC/WACC0.61
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 Y22.21%
EPS Next 2Y16.39%
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 Year6.72%
Revenue Next 2Y4.56%
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 7 / 10 to MULLEN GROUP LTD (MTL.CA). This can be considered as Undervalued.
Can you provide the profitability details for MULLEN GROUP LTD?
MULLEN GROUP LTD (MTL.CA) has a profitability rating of 4 / 10.
What are the PE and PB ratios of MULLEN GROUP LTD (MTL.CA) stock?
The Price/Earnings (PE) ratio for MULLEN GROUP LTD (MTL.CA) is 16.74 and the Price/Book (PB) ratio is 1.41.
How sustainable is the dividend of MULLEN GROUP LTD (MTL.CA) stock?
The dividend rating of MULLEN GROUP LTD (MTL.CA) is 7 / 10 and the dividend payout ratio is 81.18%.