Mullen Group (MTL) Stock Overview
Provides a range of trucking and logistics services in Canada and the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 1/6 |
| Financial Health | 3/6 |
| Dividends | 3/6 |
MTL Community Fair Values
Create NarrativeSee what 27 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Mullen Group Ltd. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$21.80 |
| 52 Week High | CA$22.37 |
| 52 Week Low | CA$12.98 |
| Beta | 0.90 |
| 1 Month Change | 6.13% |
| 3 Month Change | 26.67% |
| 1 Year Change | 56.27% |
| 3 Year Change | 36.00% |
| 5 Year Change | 67.05% |
| Change since IPO | 1,353.33% |
Recent News & Updates
Narrative Update • May 13
MTL: Higher Multiple Assumptions And Share Buybacks Will Guide Future Cash Flow Confidence
Analysts have lifted their targets on Mullen Group by CA$0.75 to CA$3 across several firms, reflecting updated views that are now captured in the unchanged fair value estimate and slightly revised discount rate and future P/E assumptions. Analyst Commentary Recent Street research on Mullen Group has centered on updated price targets clustered in a relatively narrow range, with adjustments captured in the current fair value estimate and modest tweaks to discount rate and future P/E assumptions.Narrative Update • Apr 28
MTL: Higher Multiple Expectations And Buybacks Will Shape Future Cash Flow Confidence
Mullen Group’s updated fair value estimate has shifted from CA$18.90 to CA$21.30. This reflects a higher analyst price target following a series of recent target increases from multiple Canadian banks that cite stronger revenue growth expectations, a modestly adjusted discount rate, and a higher assumed future P/E multiple, partly offset by more conservative profit margin assumptions.Recent updates
Narrative Update • May 13
MTL: Higher Multiple Assumptions And Share Buybacks Will Guide Future Cash Flow Confidence
Analysts have lifted their targets on Mullen Group by CA$0.75 to CA$3 across several firms, reflecting updated views that are now captured in the unchanged fair value estimate and slightly revised discount rate and future P/E assumptions. Analyst Commentary Recent Street research on Mullen Group has centered on updated price targets clustered in a relatively narrow range, with adjustments captured in the current fair value estimate and modest tweaks to discount rate and future P/E assumptions.Narrative Update • Apr 28
MTL: Higher Multiple Expectations And Buybacks Will Shape Future Cash Flow Confidence
Mullen Group’s updated fair value estimate has shifted from CA$18.90 to CA$21.30. This reflects a higher analyst price target following a series of recent target increases from multiple Canadian banks that cite stronger revenue growth expectations, a modestly adjusted discount rate, and a higher assumed future P/E multiple, partly offset by more conservative profit margin assumptions.Narrative Update • Apr 10
MTL: Margin Execution And Buybacks Will Support Future Cash Flow Confidence
Analysts have increased their price target on Mullen Group by CA$0.75, citing higher assumed profit margins and a lower future P/E estimate as key elements in the latest research updates. Analyst Commentary Bullish Takeaways Bullish analysts see the higher assumed profit margins as support for a higher justified valuation, which feeds directly into the CA$0.75 and CA$2.50 target moves.Narrative Update • Mar 27
MTL: Dividend Track Record And Buybacks Will Support Higher Cash Flow Confidence
Narrative Update Analysts have lifted their price targets on Mullen Group by CA$2.00 to a range of CA$17.00 to CA$19.50 at the high end, citing updated views that feed into a slightly lower discount rate and a small adjustment to the forward P/E used in their models. Analyst Commentary Recent research points to a slightly more constructive tone on Mullen Group, with price targets now clustered in the CA$17.00 to CA$19.50 range.Narrative Update • Mar 12
MTL: Dividend Track Record And Buybacks Will Support Higher Future P/E
Analysts have inched their average fair value estimate for Mullen Group higher, with price targets moving up to around CA$17 to CA$18.75 as recent research updates cite refreshed views on the company’s earnings outlook and sector positioning. Analyst Commentary Bullish Takeaways Bullish analysts lifting their price targets into the CA$17 to CA$18.75 range suggest they see the current share price as leaving room for upside if the company continues to execute on its earnings plans.Narrative Update • Feb 25
MTL: Dividend Status And Steady Guidance Will Support Higher Future P/E
Analysts have inched their fair value estimate for Mullen Group slightly higher to CA$18.73, supported by recent Street price target increases to CA$17 at CIBC and a further CA$2.50 uplift at another firm, while also adjusting assumptions for the discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Recent target price changes around CA$17 to CA$18.73 give you a window into how the Street is thinking about Mullen Group today, especially around execution, growth expectations and the level of risk that should be priced into the shares.Analysis Article • Feb 19
Some May Be Optimistic About Mullen Group's (TSE:MTL) Earnings
Shareholders appeared unconcerned with Mullen Group Ltd.'s ( TSE:MTL ) lackluster earnings report last week. Our...Analysis Article • Feb 15
Mullen Group Ltd. Just Missed EPS By 5.7%: Here's What Analysts Think Will Happen Next
Last week, you might have seen that Mullen Group Ltd. ( TSE:MTL ) released its annual result to the market. The early...Narrative Update • Feb 11
MTL: Dividend Inclusion And Steady Guidance Will Support Moderate P/E Upside
Analysts nudged their fair value estimate for Mullen Group to CA$18.68 from CA$18.58, reflecting recent price target increases from firms such as CIBC and Scotiabank that cite updated assumptions around discount rate, modest revenue growth and P/E expectations. Analyst Commentary Recent research updates point to a more constructive stance on Mullen Group, with several firms revisiting their assumptions around discount rates, revenue growth and P/E levels.Narrative Update • Jan 27
MTL: Higher P/E Expectations May Support Upside As Fair Value Rises
Narrative Update Analysts have lifted their implied fair value estimate for Mullen Group from C$17.40 to C$18.58, reflecting recent price target changes and updated assumptions around revenue, profit margins and future P/E expectations. Analyst Commentary Recent research updates show analysts adjusting their price targets higher for Mullen Group, which feeds directly into the latest implied fair value estimate.Analysis Article • Jan 27
Mullen Group (TSE:MTL) Has Affirmed Its Dividend Of CA$0.07
Mullen Group Ltd. ( TSE:MTL ) will pay a dividend of CA$0.07 on the 17th of February. This makes the dividend yield...Narrative Update • Jan 13
MTL: Future Acquisitions And Higher P/E Expectations May Shape Balanced Outlook
Analysts have raised their price targets on Mullen Group, and our fair value estimate has increased from C$16.50 to C$17.40, supported by recent target increases from several firms and updated assumptions on the discount rate and future P/E multiples. Analyst Commentary Bullish Takeaways Bullish analysts have lifted price targets into a C$17 to C$20 range, which lines up with a view that the shares can support a higher valuation multiple than previously assumed.Analysis Article • Dec 22
Mullen Group (TSE:MTL) Has Affirmed Its Dividend Of CA$0.07
The board of Mullen Group Ltd. ( TSE:MTL ) has announced that it will pay a dividend of CA$0.07 per share on the 15th...
New Narrative • Feb 20
M&A Strategy And US 3PL Expansion Will Drive Future Success
Mullen Group's strategic acquisitions and focus on the 3PL market aim to drive revenue growth despite macro challenges.Analysis Article • Feb 14
Insufficient Growth At Mullen Group Ltd. (TSE:MTL) Hampers Share Price
With a price-to-earnings (or "P/E") ratio of 10.3x Mullen Group Ltd. ( TSE:MTL ) may be sending bullish signals at the...Analysis Article • May 28
Mullen Group (TSE:MTL) Has Announced A Dividend Of CA$0.06
Mullen Group Ltd. ( TSE:MTL ) will pay a dividend of CA$0.06 on the 17th of June. This means the annual payment is 5.5...Shareholder Returns
| MTL | CA Transportation | CA Market | |
|---|---|---|---|
| 7D | 1.3% | 1.1% | 0.4% |
| 1Y | 56.3% | 14.2% | 33.0% |
Return vs Industry: MTL exceeded the Canadian Transportation industry which returned 14.2% over the past year.
Return vs Market: MTL exceeded the Canadian Market which returned 32.9% over the past year.
Price Volatility
| MTL volatility | |
|---|---|
| MTL Average Weekly Movement | 3.7% |
| Transportation Industry Average Movement | 6.1% |
| Market Average Movement | 10.1% |
| 10% most volatile stocks in CA Market | 17.6% |
| 10% least volatile stocks in CA Market | 3.8% |
Stable Share Price: MTL has not had significant price volatility in the past 3 months compared to the Canadian market.
Volatility Over Time: MTL's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1949 | 8,622 | Murray Mullen | www.mullen-group.com |
Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. It operates through four segments: Less-Than-Truckload, Logistics & Warehousing, Specialized & Industrial Services, and U.S. & International Logistics. The Less-Than-Truckload segment delivers general freight, such as smaller shipments, packages, and parcels; and pharmaceutical and package products.
Mullen Group Ltd. Fundamentals Summary
| MTL fundamental statistics | |
|---|---|
| Market cap | CA$2.09b |
| Earnings (TTM) | CA$94.43m |
| Revenue (TTM) | CA$2.18b |
22.2x
P/E Ratio1.0x
P/S RatioIs MTL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MTL income statement (TTM) | |
|---|---|
| Revenue | CA$2.18b |
| Cost of Revenue | CA$1.53b |
| Gross Profit | CA$655.57m |
| Other Expenses | CA$561.14m |
| Earnings | CA$94.43m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.98 |
| Gross Margin | 30.01% |
| Net Profit Margin | 4.32% |
| Debt/Equity Ratio | 69.4% |
How did MTL perform over the long term?
See historical performance and comparisonDividends
3.9%
Current Dividend Yield80%
Payout RatioDoes MTL pay a reliable dividends?
See MTL dividend history and benchmarks| Mullen Group dividend dates | |
|---|---|
| Ex Dividend Date | May 29 2026 |
| Dividend Pay Date | Jun 15 2026 |
| Days until Ex dividend | 3 days |
| Days until Dividend pay date | 14 days |
Does MTL pay a reliable dividends?
See MTL dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/31 14:23 |
| End of Day Share Price | 2026/05/29 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Mullen Group Ltd. is covered by 18 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Trevor Reynolds | Acumen Capital Finance Partners Limited |
| Dana Benner | ATB Cormark |
| David Ocampo | ATB Cormark Historical (Cormark Securities) |