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    MFT   NZMFTE0001S9

MAINFREIGHT LIMITED

(MFT)
  Report
End-of-day quote. End-of-day quote New Zealand Stock Exchange - 10/22
90.02 NZD   -0.09%
10/15MAINFREIGHT : Third Lean & Green Star award
PU
10/14MAINFREIGHT : Service Announcement New Zealand | 15 October 2021
PU
10/12MAINFREIGHT : Delivering with Sustainability – Mainfreight and the FUSO eCanter
PU
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Mainfreight Limited : The revival in interest should continue

08/04/2021 | 03:34am EDT
long trade
Target price hit
Entry price : 83.11NZD | Target : 92.3NZD | Stop-loss : 74.45NZD | Potential : 11.06%
The return of higher trading volumes and volatility could reflect theoretically the starting point of the return of a new upward move for shares in Mainfreight Limited. The upward movement can be expected to continue.
Investors have an opportunity to buy the stock and target the NZD 92.3.
Mainfreight Limited : Mainfreight Limited : The revival in interest should continue
Summary
  • The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
  • The company presents an interesting fundamental situation from a short-term investment perspective.
  • According to Refinitiv, the company's ESG score for its industry is poor.

Strengths
  • Over the past year, analysts have regularly revised upwards their sales forecast for the company.
  • Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
  • For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
  • For the past twelve months, EPS forecast has been revised upwards.
  • Analysts covering this company mostly recommend stock overweighting or purchase.
  • Over the past four months, analysts' average price target has been revised upwards significantly.
  • Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.
  • Historically, the company has been releasing figures that are above expectations.

Weaknesses
  • The firm trades with high earnings multiples: 31.61 times its 2022 earnings per share.
  • The company appears highly valued given the size of its balance sheet.
  • The company is not the most generous with respect to shareholders' compensation.
  • The overall consensus opinion of analysts has deteriorated sharply over the past four months.

© MarketScreener.com 2021

Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials
Sales 2022 4 809 M 3 440 M 3 440 M
Net income 2022 282 M 202 M 202 M
Net Debt 2022 22,6 M 16,1 M 16,1 M
P/E ratio 2022 32,1x
Yield 2022 1,28%
Capitalization 9 065 M 6 471 M 6 484 M
EV / Sales 2022 1,89x
EV / Sales 2023 1,84x
Nbr of Employees -
Free-Float 81,8%
Upcoming event on MAINFREIGHT LIMITED
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 90,02 NZD
Average target price 97,13 NZD
Spread / Average Target 7,89%
EPS Revisions
Managers and Directors
Donald Ronald Braid Group Managing Director & Director
Tim Williams Chief Financial Officer
Bruce George Plested Executive Chairman
John Eshuis Manager-Group Information Technology
Bryan William Mogridge Independent Director
Sector and Competitors
1st jan.Capi. (M$)
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EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.29.36%20 418
SG HOLDINGS CO.,LTD.1.35%16 022