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Mullen Group Ltd. (MTL.TO)

CAD23.35 -0.12 (-0.51%)
CA TSX Industrials Trucking
Address Chimney Rock Centre T1S 2N3
Okotoks, AB, CA
CEO Murray Kenneth Mullen
IPO 1996-04-25
ISIN CA6252841045

Explore sections of this company profile

Also trades on Other OTC · MLLGF (USD) Toronto Stock Exchange · MTL.TO (CAD)
Description

Mullen Group Ltd., established in 1949 and based in Okotoks, Canada, operates as a prominent provider of trucking and comprehensive logistics solutions throughout Canada and the United States. Its diverse operations are categorized into four main divisions: Less-Than-Truckload, Logistics & Warehousing, Specialized & Industrial Services, and U.S. & International Logistics. The Less-Than-Truckload division focuses on the efficient delivery of smaller consignments, including general freight, various packages, and pharmaceutical goods. The Logistics & Warehousing segment offers an array of multimodal transportation options, such as full truckload, specialized hauling, intermodal, and transload services, facilitated by its extensive network of terminals and transload facilities. Additionally, it provides essential warehousing and distribution capabilities. The Specialized & Industrial Services segment caters to the energy and industrial sectors with a broad spectrum of services. These include production support like well servicing, fluid transportation (for production, disposal, and frac operations), hydrovac excavation, and industrial cleaning alongside turnaround services. Specialized project support encompasses dredging, dewatering, large diameter pipe management (stockpiling and stringing), water solutions, environmental management, civil construction, municipal infrastructure development, emergency response, hydrostatic testing for pipelines and midstream assets, and the transport of oversized and overweight cargo, along with supplying original equipment manufacturer (OEM) parts and services. Furthermore, it delivers drilling and drilling-related services, which span the handling, storage, and transport of oilfield fluids, tubulars, and drilling mud; rig relocation; general oilfield hauling; well disposal facilities; core drilling; and the setting of surface and conductor pipes. The U.S. & International Logistics division offers comprehensive logistical support through a network of professional representatives and station agents. This segment also features SilverExpress, its proprietary integrated platform for transportation management.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD23.35 -0.12 (-0.51%)
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Volume Profile
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Liquidity & share structure
Average Volume
255.6K
Beta
0.93
Float Shares
89.29M
Free Float %
93.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.09% +1.30% +6.03% +26.38% +49.21% +38.50% +53.95% +39.65% +69.52% +51.60% -32.40%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (1 ratings, all time) Hold
Price Targets & DCF
Current price
23.35
DCF (Unlevered) 28.47 +21.9%
DCF (Levered) 26.98 +15.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 60% Bullish
Rating 2026-05 Change
Strong Buy 3 0
Buy 3 0
Hold 4 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.18
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Trucking: +2.9%
    +7.3% Q1'26: +10.2% (vs Q1'25)
  • EPS growth Trucking: -12.4%
    -17.9% Q1'26: +10.0% (vs Q1'25)
  • FCF margin FCF growth · Trucking: +70.8%
    +8.4% Q1'26: +2.7% (vs Q1'25)
  • EBIT margin Trucking: +4.4%
    +8.4% Q1'26: +6.5% (vs Q1'25)
  • ROIC Trucking: +3.4%
    +6.0% Q1'26: +5.3% (vs Q1'25)
  • Share dilution Trucking: +0.3%
    -0.9% Q1'26: +9.7% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Trucking: 1.75×
    3.92× Q1'26: 3.56× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.90) × ERP
WACC = 62% × Ke + 38% × Kd (4.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 28.47 Current price: 23.35
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 1999
actual
Dec 2002
actual
Dec 2003
actual
Dec 2004
actual
Dec 2005
actual
Dec 2006
actual
Dec 2007
actual
Dec 2008
actual
Dec 2009
actual
Dec 2010
actual
Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
10 Rev. Ana.
6 EPS Ana.
Dec 2027
10 Rev. Ana.
6 EPS Ana.
Dec 2028
3 Rev. Ana.
2 EPS Ana.
Dec 2029
2 Rev. Ana.
1 EPS Ana.
Dec 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
261.10M
est: 261.87M (-0.3%)
302.51M
est: 310.06M (-2.4%)
421.50M
est: 440.58M (-4.3%)
470.86M
est: 486.11M (-3.1%)
591.73M
est: 608.45M (-2.7%)
1.00B
est: 1.02B (-1.7%)
1.12B
est: 1.14B (-1.7%)
1.31B
est: 1.33B (-1.2%)
978.05M
est: 1.02B (-4.4%)
1.04B
est: 1.05B (-0.8%)
1.39B
est: 1.38B (+0.3%)
1.43B
est: 1.46B (-2.5%)
1.44B
est: 1.46B (-1.5%)
1.43B
est: 1.47B (-2.9%)
1.21B
est: 1.24B (-2.2%)
1.04B
est: 1.05B (-1.6%)
1.14B
est: 1.13B (+1.1%)
1.26B
est: 1.26B (+0.3%)
1.28B
est: 1.28B (-0.5%)
1.16B
est: 1.16B (+0.5%)
1.48B
est: 1.47B (+0.8%)
2.00B
est: 2.00B (+0.1%)
1.99B
est: 1.96B (+1.7%)
1.99B
est: 2.01B (-0.9%)
2.13B
est: 2.13B (0.0%)
2.31B
2.21B – 2.36B
+8.2% YoY
2.36B
2.27B – 2.44B
+2.2% YoY
2.36B
2.36B – 2.36B
+0.0% YoY
2.42B
2.32B – 2.48B
+2.2% YoY
2.49B
2.39B – 2.55B
+2.9% YoY
EBITDA
43.30M
est: 44.03M (-1.7%)
57.34M
est: 54.79M (+4.7%)
90.05M
est: 62.82M (+43.4%)
111.95M
est: 78.34M (+42.9%)
135.21M
est: 112.90M (+19.8%)
254.70M
est: 186.80M (+36.4%)
283.58M
est: 204.55M (+38.6%)
218.28M
est: -66.88M (+426.4%)
227.89M
est: 151.18M (+50.7%)
221.22M
est: 196.61M (+12.5%)
277.04M
est: 240.30M (+15.3%)
293.26M
est: 253.60M (+15.6%)
300.68M
est: 258.40M (+16.4%)
284.74M
est: 281.09M (+1.3%)
229.42M
est: 183.48M (+25.0%)
181.03M
est: 117.74M (+53.8%)
197.38M
est: 168.47M (+17.2%)
79.19M
est: 188.30M (-57.9%)
214.78M
est: 62.33M (+244.6%)
215.82M
est: 168.80M (+27.9%)
239.13M
est: 177.56M (+34.7%)
350.31M
est: 182.41M (+92.0%)
334.63M
est: 323.28M (+3.5%)
332.98M
est: 331.17M (+0.5%)
324.64M
est: 351.79M (-7.7%)
380.72M
364.69M – 388.90M
+8.2% YoY
389.27M
374.92M – 402.30M
+2.2% YoY
389.40M
389.40M – 389.40M
+0.0% YoY
398.16M
382.45M – 409.13M
+2.2% YoY
409.87M
393.70M – 421.16M
+2.9% YoY
EBIT
30.61M
est: 26.34M (+16.2%)
43.36M
est: 43.58M (-0.5%)
71.15M
est: 41.69M (+70.7%)
92.08M
est: 58.37M (+57.8%)
112.72M
est: 86.87M (+29.8%)
202.07M
est: 148.40M (+36.2%)
209.13M
est: 144.73M (+44.5%)
134.86M
est: -157.89M (+185.4%)
147.71M
est: 85.45M (+72.9%)
144.06M
est: 114.24M (+26.1%)
196.22M
est: 139.35M (+40.8%)
209.60M
est: 168.22M (+24.6%)
219.85M
est: 175.12M (+25.5%)
180.23M
est: 194.21M (-7.2%)
79.69M
est: 111.41M (-28.5%)
105.89M
est: 37.10M (+185.4%)
110.80M
est: 76.96M (+44.0%)
-4.44M
est: 91.76M (-104.8%)
103.27M
est: -27.22M (+479.4%)
89.46M
est: 70.59M (+26.7%)
125.14M
est: 74.25M (+68.5%)
217.35M
est: 76.28M (+184.9%)
218.72M
est: 195.45M (+11.9%)
202.08M
est: 200.23M (+0.9%)
178.25M
est: 212.69M (-16.2%)
230.19M
220.49M – 235.13M
+8.2% YoY
235.35M
226.67M – 243.23M
+2.2% YoY
235.43M
235.43M – 235.43M
+0.0% YoY
240.73M
231.23M – 247.36M
+2.2% YoY
247.81M
238.03M – 254.63M
+2.9% YoY
Net Income
15.80M
est: 36.91M (-57.2%)
18.65M
est: 24.66M (-24.4%)
33.51M
est: 26.38M (+27.0%)
46.48M
est: 36.96M (+25.7%)
69.96M
est: 58.20M (+20.2%)
128.13M
est: 117.38M (+9.2%)
-118.70M
est: 142.95M (-183.0%)
113.00M
est: -138.31M (+181.7%)
90.81M
est: 86.98M (+4.4%)
79.10M
est: 93.03M (-15.0%)
119.43M
est: 104.38M (+14.4%)
130.91M
est: 126.17M (+3.8%)
143.30M
est: 130.39M (+9.9%)
94.63M
est: 144.43M (-34.5%)
13.37M
est: 80.03M (-83.3%)
52.04M
est: 11.44M (+355.0%)
65.51M
est: 55.82M (+17.4%)
-43.79M
est: 73.05M (-159.9%)
72.24M
est: -44.82M (+261.2%)
63.98M
est: 63.63M (+0.5%)
72.44M
est: 66.94M (+8.2%)
158.62M
est: 68.77M (+130.7%)
136.72M
est: 133.77M (+2.2%)
112.26M
est: 122.15M (-8.1%)
91.11M
est: 100.94M (-9.7%)
120.94M
114.40M – 131.56M
+19.8% YoY
133.66M
116.73M – 144.48M
+10.5% YoY
139.54M
121.35M – 156.99M
+4.4% YoY
130.02M
123.35M – 134.68M
-6.8% YoY
139.65M
132.49M – 144.65M
+7.4% YoY
SGA
28.00M
est: 32.72M (-14.4%)
34.42M
est: 34.61M (-0.6%)
44.21M
est: 48.78M (-9.4%)
49.93M
est: 48.77M (+2.4%)
67.12M
est: 62.46M (+7.5%)
119.09M
est: 112.51M (+5.8%)
145.38M
est: 132.90M (+9.4%)
155.99M
est: 169.42M (-7.9%)
123.91M
est: 120.09M (+3.2%)
126.41M
est: 53.48M (+136.4%)
147.49M
est: 64.79M (+127.6%)
150.30M
est: 56.53M (+165.9%)
153.10M
est: 51.90M (+195.0%)
157.95M
est: 53.92M (+192.9%)
140.93M
est: 119.45M (+18.0%)
142.18M
est: 125.26M (+13.5%)
154.95M
est: 137.10M (+13.0%)
168.97M
est: 150.54M (+12.2%)
167.68M
est: 162.53M (+3.2%)
150.22M
est: 242.41M (-38.0%)
185.66M
est: 255.00M (-27.2%)
241.63M
est: 261.97M (-7.8%)
249.88M
est: 257.26M (-2.9%)
271.38M
est: 263.54M (+3.0%)
315.33M
est: 279.94M (+12.6%)
302.97M
290.21M – 309.47M
+8.2% YoY
309.77M
298.35M – 320.14M
+2.2% YoY
309.87M
309.87M – 309.87M
+0.0% YoY
316.85M
304.34M – 325.57M
+2.2% YoY
326.16M
313.29M – 335.14M
+2.9% YoY
EPS
0.39
est: 0.38 (+4.0%)
0.42
est: 0.43 (-1.8%)
0.73
est: 0.79 (-8.1%)
1.03
est: 1.05 (-2.0%)
1.51
est: 1.50 (+0.3%)
1.86
est: 2.26 (-17.7%)
-1.45
est: 1.73 (-183.8%)
1.40
est: 1.76 (-20.7%)
1.13
est: 1.17 (-3.8%)
1.00
est: 0.88 (+13.8%)
1.50
est: 1.43 (+4.7%)
1.58
est: 1.65 (-4.3%)
1.60
est: 1.72 (-6.9%)
1.04
est: 1.16 (-10.1%)
0.15
est: 0.36 (-57.8%)
0.52
est: 0.61 (-14.9%)
0.63
est: 0.61 (+4.1%)
-0.42
est: 0.52 (-180.2%)
0.69
est: 0.70 (-1.0%)
0.64
est: 0.66 (-2.8%)
0.75
est: 0.71 (+5.8%)
1.70
est: 1.40 (+21.6%)
1.52
est: 1.40 (+8.6%)
1.28
est: 1.28 (+0.1%)
1.03
est: 1.06 (-2.5%)
1.25
1.19 – 1.37
+18.8% YoY
1.40
1.21 – 1.50
+11.4% YoY
1.45
1.26 – 1.63
+3.4% YoY
1.35
1.28 – 1.40
-6.6% YoY
1.45
1.38 – 1.50
+7.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-28 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-27 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-26 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-25 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-22 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-21 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-20 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-19 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-15 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-14 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-13 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-12 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-11 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-08 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-07 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-06 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-05 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-04 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-05-01 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-30 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-29 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-28 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-27 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-24 B+ 3/5 4/5 3/5 4/5 1/5 3/5 3/5
2026-04-23 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-22 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-21 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-20 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-17 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-16 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-15 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
273.23M
OE per share TTM
2.69
Owner's Yield
13.08%
Maintenance CapEx ratio
98.07%
Maint CapEx / Avg PPE
64.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
22.1K
Shares Outstanding
95.91M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Murray Kenneth Mullen Chairman & Senior Executive Officer 820.0K male
Richard J. Maloney Senior Operating Officer & President 719.5K male
Carson Urlacher Senior Financial Officer 693.5K male
Joanna Kathryn Scott Senior Corporate Officer & General Counsel 693.5K female
Lee Hellyer Vice President of Operations 330.9K male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits