TSE:MTL
Mullen Group Ltd (MTL.TO)
22.66
+0.09 (0.40%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
144 watching
Financials 
Technical Analysis 0
Investor Insights
Jun 6, 2026, 12:00 amThis summary was created by AI, based on 1 opinions in the last 12 months.
Mullen Group Ltd, trading under the symbol MTL-T, is viewed positively by experts who recognize the company's strong operational capabilities in a cyclical market. Those who own shares consider maintaining a core position, suggesting confidence in the company’s long-term prospects. Trading around this core position based on economic indicators indicates a tactical approach to investment in Mullen Group, highlighting the potential for strategic gains during economic fluctuations. Overall, the sentiment reflects a belief in the company's ability to adapt and perform well, even amidst cyclical challenges, showcasing it as a solid player in its sector.
Consensus
Positive
Valuation
Fair Value
Similar
Cargo, CNR
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Premium contentPAST TOP PICK
(A Top Pick May 26/22, Down 8.1%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with MTL has triggered its stop at $11.50. To remain disciplined, we recommend covering the position at this time. This will result in a next investment loss of 11%, when combined with previous buy recommendations.
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Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly With recently reported EPS up 58% over the year, this provider of trucking and logistics services in Canada and the US, is again reiterated as a TOP PICK. Margins are flat, meaning inflation costs are being passed on to customers and insiders continue to buy the stock. It trades at 1.3x book value. Its monthly dividend yields 5.67% and is backed by a payout ratio of 65% of earnings. We continue to recommend a tight stop loss at $11.50, looking to achieve $16.00 - upside potential over 28%. Yield 5.9% (Analysts’ price target is $16.11)
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Premium contentTOP PICK
Stockchase Research Editor: Michael O’Reilly As a provider of trucking and logistics services in Canada and the US, and being on the frontline of supply chain network, we again reiterate MTL as a TOP PICK. Recently reported revenue was up 48% over the year, beating expectations by 8%. It pays a good dividend backed by a payout ratio under 65% of cash flow. We recommend trailing up the stop (from $10.50) to $11.50, looking to achieve $16.00 - upside potential over 18%. Yield 4.5% (Analysts’ price target is $15.94)
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Premium contentTOP PICK
Stockchase Research Editor: Michael O’Reilly As a provider of trucking and logistics services in Canada and the US, we reiterate MTL as a TOP PICK. Being of the frontline of the supply chain network, the company will one of the first to benefit from a return to a normal economy. Last month the company announced a 25% dividend increase as it feels it will be in a superior cash position in 2022. Trading at under 1.3x book, it is good value here. It is trading a good value here at 18x earnings and only 1.4x book value. It pays a good dividend backed by a payout ratio under 70% of cash flow. We continue to recommend a stop loss at $10.50, looking to achieve $16.00 - upside potential over 33%. Yield 4.08% (Analysts’ price target is $15.94)
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Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly MTL provides trucking and logistics services in Canada and the US. As the economy continues to reopen in North America, the company will benefit from continued demand for its expertise. Recently reported earnings of $0.21 beat analyst expectations of $0.19 for the quarter. It is trading a good value here at 18x earnings and only 1.4x book value. It pays a good dividend backed by a payout ratio of 57% of cash flow. We would buy this with a stop loss at $10.50, looking to achieve $16.00 - upside potential over 16%. Yield 3.54% (Analysts’ price target is $15.80)
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BUY ON WEAKNESS
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Some weakness after earnings would not be a surprise after running up 34% this year. Targets are going up after the release and there is not much to pick on that would justify the weakness. Unlock Premium - Try 5i Free
Stockchase InsightsUnknown
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PAST TOP PICK
(A Top Pick Oct 28/19, Up 3%) MTL.DB-T Convertible Bonds Maturing 2026, 5.75%. He sold them out of his equity portfolio but still owns them in his bond portfolio. He is very familiar with the company and they have a very consistent track record. There is an imbedded call option in the share that triggers if it gets above $14.
Bryden TeichOwned
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TOP PICK
Convertible bonds with a 5.75% coupon They own a great base of real estate. The debt issue is a small piece. The bond is well-covered. MTL.DV-T. You get a 6-year option on the stock within the bond, with a $14 convert price. If oil recovers, these bonds will convert into equity. Until then, collect then. It's stable. Term lasts to Sept. 2020.
Bryden TeichOwned
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PAST TOP PICK
(A Top Pick Nov 15/18, Down 37%) Canadian oil remains troubled. At the time, Mullen had decent value, but that has declined in the past year. Disappointed.
Andrew PyleOwned
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HOLD
Excellent managers. Half-trucking, half-oil service. They did a convertible debenture which he bought instead of the common stock (and he's up now). If the stock rises, they will do more acquisitions. Good long term.
Bruce Campbell (1)Owned
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TOP PICK
MTL.DB-T Convertible Bonds Maturing 2026, 5.75%. It is a consistent business with a great track record making acquisitions and operating in all kinds of business cycles. It is a great way to play the company.
Bryden TeichOwned
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PAST TOP PICK
(A Top Pick Nov 15/18, Down 4%) This was caught on the oil downwave, but it hasn't seen the pick-up in oil like, say, Suncor. A big trucking group in oil. It's trading at very depressed levels. Still likes it.
Andrew PyleOwned
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