reports
Mainfreight Limited: 1 director
A director at Mainfreight Limited bought 10,000 shares at 67.770NZD and the significance rating of the trade was 59/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years c...
MAINFREIGHT sees a downgrade to Slightly Negative on account of less f...
The independent financial analyst theScreener just lowered the general evaluation of MAINFREIGHT (NZ), active in the Transportation Services industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date February 1, 2022, the closing price was NZD...
- Dave Nicoski
- Ross LaDuke
Int'l Insights: Developed Markets Leadership Chart Book
Europe in focus The U.S. dollar continues to grind marginally higher, and EM equities have suffered as a result. Meanwhile, RS for the MSCI EAFE index is bottoming when compared to the MSCI EM index, largely due to outperformance in Europe. With developed int'l markets beginning to outperform emerging markets, we recommend adding exposure to the developed int'l space. Below we highlight attractive and actionable themes within developed int'l: • Europe & Japan: Though this is an all-encompass...
MFT MAINFREIGHT LTD.
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- Dave Nicoski
- Ross LaDuke
Int'l Insights: Bullish Stocks
Concerns over perceived central bank policy missteps have been somewhat alleviated following dovish takeaways from Fed Chair Powell's comments, proclaiming interest rates are “just below†the neutral rate, and reminding everyone that future rate hikes are not predetermined. While this is certainly an incrementally positive development, it does not completely remove the specter of future rate hikes from our list of concerns. Of course, trade remains an issue despite optimism surrounding the T...
MFT MAINFREIGHT LTD.
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- Adrian Atkins
Ceasing Coverage on Mainfreight
We plan to cease coverage on no-moat Mainfreight Limited in November 2017. We periodically adjust our coverage as necessary based on stock outlook, client demand, and investor interest. Mainfreight is a well-managed business that continues to grow strongly. Over the medium term, we expect mid-single-digit revenue growth, driven by increased trade volumes and market share gains. Through higher freight volumes and increased utilisation of warehousing facilities, we forecast a small expansion in op...
- Adrian Atkins
Ceasing Coverage on Mainfreight
We plan to cease coverage on no-moat Mainfreight Limited in November 2017. We periodically adjust our coverage as necessary based on stock outlook, client demand, and investor interest. Mainfreight is a well-managed business that continues to grow strongly. Over the medium term, we expect mid-single-digit revenue growth, driven by increased trade volumes and market share gains. Through higher freight volumes and increased utilisation of warehousing facilities, we forecast a small expansion in op...
- Adrian Atkins
Good Fiscal 2017 for Mainfreight; Lifting our FVE to NZD 18
Mainfreight reported adjusted NPAT up 17% to NZD 103 million in fiscal 2017 on a strong performance in New Zealand and improved performances in Australia and Europe. The result was good, with NPAT 6% ahead of our expectations. Management provided vague but positive guidance for earnings momentum to continue across most markets in fiscal 2018. The firm's differentiated offering and focus on sales growth should translate to market share gains in offshore markets, helping improve profit margins on ...
- Adrian Atkins
Mainfreight is a well-managed logistics provider with global ambitions...
Mainfreight's share price has risen strongly in the past year and at current levels, is moderately overvalued. The firm is benefiting from expansion in the U.S, Europe and Asia, and driving higher profit margins from increased utilisation and efficiency improvements. Mainfreight is expected to continue growing earnings strongly in the medium term, however, it screens as expensive, trading 28% above our unchanged NZD 17.00 DCF-based fair value estimate. Crosschecking with other valuation metrics ...
- Adrian Atkins
Mainfreight Starting to Look Overvalued
Mainfreight's share price has risen strongly in the past year and at current levels, is moderately overvalued. The firm is benefiting from expansion in the U.S, Europe and Asia, and driving higher profit margins from increased utilisation and efficiency improvements. Mainfreight is expected to continue growing earnings strongly in the medium term, however, it screens as expensive, trading 28% above our unchanged NZD 17.00 DCF-based fair value estimate. Crosschecking with other valuation metrics ...
- Adrian Atkins
Mainfreight is a well-managed logistics provider with global ambitions...
Interim fiscal 2017 earnings were in line with guidance and we retain our NZD 17 fair value estimate for no-moat-rated Mainfreight. Underlying NPAT of NZD 42 million was up 28% on the prior period. Revenue growth of 4% in constant currency terms was well short of EBITDA growth of 22%, highlighting the degree of operating leverage in the business. Declining international ocean freight rates impacted revenue by an estimated NZD 27 million, but international trade volumes were up, with airfreight v...
- Adrian Atkins
Mainfreight is a well-managed logistics provider with global ambitions...
Interim fiscal 2017 earnings were in line with guidance and we retain our NZD 17 fair value estimate for no-moat-rated Mainfreight. Underlying NPAT of NZD 42 million was up 28% on the prior period. Revenue growth of 4% in constant currency terms was well short of EBITDA growth of 22%, highlighting the degree of operating leverage in the business. Declining international ocean freight rates impacted revenue by an estimated NZD 27 million, but international trade volumes were up, with airfreight v...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
- Adrian Atkins
Mainfreight Reports In-Line First-Half 2017; Fair Value Estimate Maint...
Interim fiscal 2017 earnings were in line with guidance and we retain our NZD 17 fair value estimate for no-moat-rated Mainfreight. Underlying NPAT of NZD 42 million was up 28% on the prior period. Revenue growth of 4% in constant currency terms was well short of EBITDA growth of 22%, highlighting the degree of operating leverage in the business. Declining international ocean freight rates impacted revenue by an estimated NZD 27 million, but international trade volumes were up, with airfreight v...
- Adrian Atkins
Mainfreight Site Visit and Investor Update: Modest Revisions to EPS; F...
We retain our NZD 17.00 fair value estimate and modestly adjust earnings for no-moat-rated Mainfreight after the release of guidance for the six months to 30 September at an investor day. The investor day included a tour of the new transport and logistics facility at Epping in Melbourne and presentations from Managing Director, Don Braid, and Regional Managers representing Australia, New Zealand, Asia, the U.S. and Europe. Management are guiding NZD 41-43 million NPAT for interim 2017, which is....
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