Mainfreight Limited(MFT)

Sector:

Commercial Transportation

Index:

NZ 50

Market Cap

NZ$700.13m

Closing Price Change

Price UpNZ$0.07

Share Price

NZ$7.25

MFT Overview

Mainfreight Limited is a publicly listed trucking and logistics company. Mainfreight has three main business divisions: logistics division, the freight forwarding division, and the international forwarding division. It offers the total supply chain package such as: seafreight, airfreight, customs brokerage, e-vision track and trace, liquid logistics, distribution and warehousing. The company is listed on the New Zealand Stock Exchange since1996 and has its head office in Auckland. Mainfreight Limited operates in New Zealand, Australia, China and the United States.

3 Month Chart (27-Aug-2008)

3 Month Chart

1 Year Chart

1 Year Chart

Income & Efficiency

Latest F'cast
Div Yield 2.8% 3.1%
Div Cover 5.8 2.4
Op Mrgn 7.1% 6.0%
ROCE 23.8%  

Valuation

Latest F'cast
P/E 6.0 13.9
PEG 0.1 n/a
Pr/Revenue 0.7 0.6
Pr/Book 2.4  

Growth

Latest F'cast
Revenue 20.2% 32.3%
PBT 18.4% 20.2%
EPS 67.5% -50.3%
DPS 20.0% 19.5%

MFT Fundamentals

Year Ending Revenue (NZ$m) Pre-tax (NZ$m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-04 659.87 11.13 8.33  21.2 n/a n/a 6.50 3.7%
31-Mar-05 857.04 20.78 18.60  14.2 0.1 +123% 6.50 2.5%
31-Mar-06 886.51 44.34 30.23  15.5 0.3 +62% 12.00 2.6%
31-Mar-07 758.21 51.00 62.81  11.6 0.1 +108% 15.00 2.1%
31-Mar-08 911.72 60.41 105.23  5.7 0.1 +68% 18.00 3.0%

MFT Forecasts

Year Ending Revenue (NZ$m) Pre-tax (NZ$m) EPS P/E PEG EPS Grth. Div Yield
31-Mar-09 1,206.62 72.60 0.52NZ$ 13.9 n/a -50% 0.22NZ$ 3.1%
31-Mar-10 1,327.73 83.16 0.60NZ$ 12.1 0.8 +15% 0.25NZ$ 3.7%

Covering analysts: ABN AMRO, Citigroup Investment Research, Credit Suisse, Macquarie Research Equities

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are end of day values only.

Note 2: Forecast figures based on normalised accounts.

 

MFT Market Data

Currency New Zealand Dollars
52 Week High NZ$7.40
52 Week Low NZ$5.60
Shares Issued 96.57m
Market Cap NZ$700.13m

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 1
Sell 0
Strong Sell 0
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MFT Dividends

No dividends found

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