MAINFREIGHT LIMITED

MFT
End-of-day quote. End-of-day quote  - 10/21
90.1NZD +1.58%
Valuation
Fiscal Period: March 2021 2022
Capitalization1 6 9889 073
Entreprise Value (EV)1 7 0599 095
P/E ratio 37,2x32,1x
Yield 1,08%1,28%
Capitalization / Revenue 1,97x1,89x
EV / Revenue 1,99x1,89x
EV / EBITDA 15,1x15,0x
Price to Book 6,27x6,88x
Nbr of stocks (in thousands) 100 699100 699
Reference price (NZD) 69,490,1
Announcement Date 05/26/2021-
Previous period Next period
1 NZD in Million
Estimates
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: March 2021 2022
Net sales1 3 5444 809
EBITDA1 467605
Operating profit (EBIT)1 284418
Operating Margin 8,02%8,68%
Pre-Tax Profit (EBT)1 262390
Net income1 188282
Net margin 5,31%5,87%
EPS2 1,872,80
Dividend per Share2 0,751,15
Announcement Date 05/26/2021-
Previous period Next period
1 NZD in Million
2 NZD
Finances - Leverage
Fiscal Period: March 2021 2022
Net Debt1 70,422,6
Net Cash position1 --
Leverage (Debt / EBITDA) 0,15x0,04x
Free Cash Flow --
ROE (Net Profit / Equities) 18,1%22,5%
Shareholders' equity1 1 0411 255
ROA (Net Profit / Asset) 7,85%32,1%
Assets1 2 396880
Book Value Per Share2 11,113,1
Cash Flow per Share --
Capex1 122210
Capex / Sales 3,44%4,38%
Announcement Date 05/26/2021-
Previous period Next period
1 NZD in Million
2 NZD
Financial Ratios
Size 2022e 2023e
Capitalization 9 073 M NZD -
Entreprise Value (EV) 9 095 M NZD 9 008 M NZD
Valuation 2022e 2023e
P/E ratio (Price / EPS) 32,1x 29,9x
Capitalization / Revenue 1,89x 1,85x
EV / Revenue 1,89x 1,86x
EV / EBITDA 15,0x 14,1x
Yield (DPS / Price) 1,28% 1,44%
Price to book (Price / BVPS) 6,88x 5,97x
Profitability 2022e 2023e
Operating Margin (EBIT / Sales) 8,68% 9,09%
Operating Leverage (Delta EBIT / Delta Sales) 1,32x 3,54x
Net Margin (Net Profit / Revenue) 5,87% 6,10%
ROA (Net Profit / Asset) 32,1% 31,5%
ROE (Net Profit / Equities) 22,5% 20,6%
Rate of Dividend 41,0% 43,1%
Balance Sheet Analysis 2022e 2023e
CAPEX / Sales   4,38% 4,65%
Cash Flow / Sales - -
Capital Intensity (Assets / Sales) 0,18x 0,19x
Financial Leverage (Net Debt / EBITDA) 0,04x -
Price Earning Ratio
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
EPS & Dividend