MAINFREIGHT LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 69.69 NZD | -0.30% |
|
+0.27% | +0.56% |
Valuation
| Fiscal Period: Maart | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,610 | 3,479 | 6,988 | 8,434 | 7,050 | 7,018 | - | - |
| Enterprise Value (EV) 1 | 3,734 | 4,263 | 7,059 | 8,407 | 6,895 | 6,972 | 7,017 | 7,053 |
| P/E ratio | 26.2 x | 21.9 x | 37.2 x | 23.7 x | 16.5 x | 24.9 x | 22 x | 19.1 x |
| Yield | 1.56% | 1.71% | 1.08% | 1.7% | 2.46% | 2.47% | 2.48% | 2.56% |
| Capitalization / Revenue | 1.22 x | 1.12 x | 1.97 x | 1.62 x | 1.24 x | 1.45 x | 1.31 x | 1.19 x |
| EV / Revenue | 1.26 x | 1.38 x | 1.99 x | 1.61 x | 1.21 x | 1.44 x | 1.31 x | 1.19 x |
| EV / EBITDA | 14.5 x | 10.7 x | 15.1 x | 11.8 x | 8.1 x | 10.1 x | 9.26 x | 8.34 x |
| EV / FCF | 34.5 x | - | - | - | 24.1 x | -1,660 x | 48.9 x | 63.7 x |
| FCF Yield | 2.9% | - | - | - | 4.16% | -0.06% | 2.04% | 1.57% |
| Price to Book | 4.31 x | 3.6 x | 6.27 x | 5.9 x | 4.08 x | 3.8 x | 3.51 x | 3.19 x |
| Nbr of stocks (in thousands) | 100,699 | 100,699 | 100,699 | 100,699 | 100,699 | 100,699 | - | - |
| Reference price 2 | 35.85 | 34.55 | 69.40 | 83.75 | 70.01 | 69.69 | 69.69 | 69.69 |
| Announcement Date | 5/27/19 | 5/27/20 | 5/26/21 | 5/25/22 | 5/25/23 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Maart | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,954 | 3,095 | 3,544 | 5,220 | 5,676 | 4,854 | 5,354 | 5,915 |
| EBITDA 1 | 257 | 398.7 | 466.5 | 710.7 | 851 | 687.3 | 757.5 | 846 |
| EBIT 1 | 203.9 | 228.9 | 284.1 | 510.1 | 612 | 420.3 | 473.4 | 544.5 |
| Operating Margin | 6.9% | 7.4% | 8.02% | 9.77% | 10.78% | 8.66% | 8.84% | 9.21% |
| Earnings before Tax (EBT) 1 | 192.1 | 201.5 | 262.4 | 489.4 | 587.4 | 398 | 455.4 | 535.9 |
| Net income 1 | 137.6 | 159.2 | 188.1 | 355.4 | 426.5 | 282 | 315.9 | 365.6 |
| Net margin | 4.66% | 5.14% | 5.31% | 6.81% | 7.51% | 5.81% | 5.9% | 6.18% |
| EPS 2 | 1.367 | 1.581 | 1.868 | 3.529 | 4.235 | 2.798 | 3.171 | 3.656 |
| Free Cash Flow 1 | 108.2 | - | - | - | 286.6 | -4.2 | 143.4 | 110.8 |
| FCF margin | 3.66% | - | - | - | 5.05% | -0.09% | 2.68% | 1.87% |
| FCF Conversion (EBITDA) | 42.11% | - | - | - | 33.68% | - | 18.93% | 13.1% |
| FCF Conversion (Net income) | 78.65% | - | - | - | 67.2% | - | 45.39% | 30.31% |
| Dividend per Share 2 | 0.5600 | 0.5900 | 0.7500 | 1.420 | 1.720 | 1.720 | 1.731 | 1.785 |
| Announcement Date | 5/27/19 | 5/27/20 | 5/26/21 | 5/25/22 | 5/25/23 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: Maart | 2020 S1 | 2020 S2 | 2021 S1 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 |
|---|---|---|---|---|---|---|---|---|
| Net sales | 1,500 | 1,595 | 1,609 | - | 2,946 | 3,003 | 2,672 | - |
| EBITDA | - | - | - | - | 424.8 | 422.5 | 428.5 | - |
| EBIT | - | - | - | - | 318.2 | 313 | 299.1 | - |
| Operating Margin | - | - | - | - | 10.8% | 10.42% | 11.19% | - |
| Earnings before Tax (EBT) | - | - | - | - | 307.4 | 301.7 | 285.7 | - |
| Net income | - | - | - | - | 224.6 | - | 209.5 | - |
| Net margin | - | - | - | - | 7.62% | - | 7.84% | - |
| EPS | - | - | - | - | 2.230 | - | 2.080 | - |
| Dividend per Share 1 | - | - | - | 0.5500 | 0.8700 | - | 0.8700 | 0.8500 |
| Announcement Date | 11/13/19 | 5/27/20 | 11/11/20 | - | 5/25/22 | 11/10/22 | 5/25/23 | - |
1NZD
Estimates
Balance Sheet Analysis
| Fiscal Period: Maart | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 123 | 784 | 70.4 | - | - | - | - | 35.4 |
| Net Cash position 1 | - | - | - | 26.3 | 155 | 45.3 | 0.88 | - |
| Leverage (Debt/EBITDA) | 0.4803 x | 1.967 x | 0.151 x | - | - | - | - | 0.0419 x |
| Free Cash Flow 1 | 108 | - | - | - | 287 | -4.2 | 143 | 111 |
| ROE (net income / shareholders' equity) | 18.2% | 17.6% | 18.1% | 27.9% | 27% | 15.6% | 16.3% | 17.2% |
| ROA (Net income/ Total Assets) | 9.56% | 8.36% | 7.85% | - | 13.2% | 12.4% | 12.7% | 13.5% |
| Assets 1 | 1,440 | 1,904 | 2,396 | - | 3,235 | 2,281 | 2,494 | 2,700 |
| Book Value Per Share 2 | 8.330 | 9.600 | 11.10 | 14.20 | 17.10 | 18.30 | 19.90 | 21.80 |
| Cash Flow per Share 2 | 1.960 | 2.990 | - | 5.000 | 7.520 | 5.500 | 6.280 | 6.970 |
| Capex 1 | 103 | 160 | 122 | 193 | 324 | 292 | 305 | 324 |
| Capex / Sales | 3.5% | 5.17% | 3.44% | 3.69% | 5.71% | 6.03% | 5.69% | 5.47% |
| Announcement Date | 5/27/19 | 5/27/20 | 5/26/21 | 5/25/22 | 5/25/23 | - | - | - |
1NZD in Million2NZD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
69.69
NZD
Average target price
79.91
NZD
Spread / Average Target
+14.66%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +0.56% | 4.16B | |
| -6.13% | 126B | |
| +5.09% | 65.42B | |
| -13.41% | 48.51B | |
| -10.93% | 16.08B | |
| +22.81% | 8.2B | |
| -10.03% | 7.24B | |
| -59.73% | 7.17B | |
| +30.89% | 5.68B | |
| -20.63% | 4.51B |
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