MULLEN GROUP LTD (MTL.CA) Fundamental Analysis & Valuation
TSX:MTL • CA6252841045
16.67 CAD
-0.38 (-2.23%)
Last: Mar 6, 2026, 07:00 PM
This MTL.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 5 out of 10 to MTL. MTL was compared to 6 industry peers in the Ground Transportation industry. MTL has only an average score on both its financial health and profitability. A decent growth rate in combination with a cheap valuation! Better keep an eye on MTL. Finally MTL also has an excellent dividend rating.
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.
- 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
- MTL has a Return On Assets of 3.54%. This is in the lower half of the industry: MTL underperforms 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 (5.75%) which is comparable to the rest of the 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 (4.27%) which is comparable to the rest of the industry.
- In the last couple of years the Profit Margin of MTL has declined.
- MTL has a Operating Margin (8.35%) which is comparable to the rest of the 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.
- In the last couple of years the Gross Margin of MTL has remained more or less at the same level.
| 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
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MTL is destroying value.
- MTL has more shares outstanding than it did 1 year ago.
- MTL has less shares outstanding than it did 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 1.99. 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 1.99, 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.
- MTL has a Debt to FCF ratio of 5.02. This is comparable to the rest of the industry: MTL outperforms 50.00% of its industry peers.
- A Debt/Equity ratio of 0.88 indicates that MTL is somewhat dependend on debt financing.
- MTL's Debt to Equity ratio of 0.88 is in line compared to the rest of the industry. MTL outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.88 | ||
| Debt/FCF | 5.02 | ||
| Altman-Z | 1.99 |
ROIC/WACC0.61
WACC9.49%
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.
- With an excellent Quick ratio value of 1.99, MTL belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
| 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%.
- The Earnings Per Share has been growing by 9.68% on average over the past years. This is quite good.
- The Revenue has been growing slightly by 7.26% in the past year.
- 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
- The Earnings Per Share is expected to grow by 9.17% on average over the next years. This is quite good.
- MTL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.13% yearly.
EPS Next Y24.61%
EPS Next 2Y18.06%
EPS Next 3Y11.47%
EPS Next 5Y9.17%
Revenue Next Year6.35%
Revenue Next 2Y4.47%
Revenue Next 3Y2.07%
Revenue Next 5Y2.13%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
- 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
- MTL is valuated correctly with a Price/Earnings ratio of 16.67.
- 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 (26.29), we can say MTL is valued slightly cheaper.
- With a Price/Forward Earnings ratio of 13.38, MTL is valued correctly.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of MTL indicates a rather cheap valuation: MTL is cheaper than 83.33% of the companies listed in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 24.57. MTL is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.67 | ||
| Fwd PE | 13.38 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, MTL is valued cheaper than 83.33% of the companies 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 | 7.6 | ||
| EV/EBITDA | 7.81 |
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)0.68
PEG (5Y)1.72
EPS Next 2Y18.06%
EPS Next 3Y11.47%
5. MTL.CA Dividend Analysis
5.1 Amount
- MTL has a Yearly Dividend Yield of 4.81%, which is a nice return.
- MTL's Dividend Yield is rather good when compared to the industry average which is at 1.60. MTL pays more dividend than 100.00% of the companies in the same industry.
- MTL's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.81% |
5.2 History
- The dividend of MTL is nicely growing with an annual growth rate of 18.04%!
- 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
- 81.18% of the earnings are spent on dividend by MTL. 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 2Y18.06%
EPS Next 3Y11.47%
MTL.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:MTL (3/6/2026, 7:00:00 PM)
16.67
-0.38 (-2.23%)
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 Owners23.67%
Inst Owner ChangeN/A
Ins Owners6.49%
Ins Owner ChangeN/A
Market Cap1.60B
Revenue(TTM)2.13B
Net Income(TTM)91.11M
Analysts76.92
Price Target18.9 (13.38%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.81% |
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)8.97%
PT rev (3m)10.93%
EPS NQ rev (1m)-14.49%
EPS NQ rev (3m)-14.49%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-1.47%
Revenue NQ rev (3m)-1.47%
Revenue NY rev (1m)0.79%
Revenue NY rev (3m)0.79%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.67 | ||
| Fwd PE | 13.38 | ||
| P/S | 0.75 | ||
| P/FCF | 7.6 | ||
| P/OCF | 5.22 | ||
| P/B | 1.4 | ||
| P/tB | 3.19 | ||
| EV/EBITDA | 7.81 |
EPS(TTM)1
EY6%
EPS(NY)1.25
Fwd EY7.48%
FCF(TTM)2.19
FCFY13.16%
OCF(TTM)3.19
OCFY19.15%
SpS22.26
BVpS11.9
TBVpS5.22
PEG (NY)0.68
PEG (5Y)1.72
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 | 1.99 |
F-Score5
WACC9.49%
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 Y24.61%
EPS Next 2Y18.06%
EPS Next 3Y11.47%
EPS Next 5Y9.17%
Revenue 1Y (TTM)7.26%
Revenue growth 3Y2.19%
Revenue growth 5Y12.88%
Sales Q2Q%6.95%
Revenue Next Year6.35%
Revenue Next 2Y4.47%
Revenue Next 3Y2.07%
Revenue Next 5Y2.13%
EBIT growth 1Y-6.81%
EBIT growth 3Y-5.96%
EBIT growth 5Y14.62%
EBIT Next Year97.47%
EBIT Next 3Y26.67%
EBIT Next 5Y21.2%
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 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 16.67 and the Price/Book (PB) ratio is 1.4.
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%.