Friday, September 21, 2018

Is Mainfreight Worth 30 Bucks Per Share?

New Zealand dollar bottoming? - The Trader Guy

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Editors Gloating note: I have republished this in honour of the precedent set yesterday. Long may it continue.

I don't know about you but I have been watching the upwards trend in share price of Mainfreight Ltd [MFT.NZwith much interest.

First of all its no surprise to me why its up.

Its well run, self critical and critical of others where its business is being affected and very few announcements to the market.

Lets have a look at some essential figs.


*Net Reported Profit  88 mil

*Price Earnings Ratio (P/E) 23.29
*Earnings per Share (EPS) 96.24
*Net Tangible Assets per share 329.21c
*Total Net Div Paid (last full financial year) 40c
*Div Yield 1.6%
*Market Cap 2,275,000,000


*Net Reported Profit   88 mil

*Price Earnings Ratio (P/E) 22.65
*Earnings per Share (EPS) 96.24
*Net Tangible Assets per share 329.21c
*Total Net Div Paid (last full financial year) 40c
*Div Yield 1.79%
*Market Cap 2,079,000,000

*Dec 30


*Net Reported Profit  26 mil

*Price Earnings Ratio (P/E) 13.92 
*Earnings per Share (EPS) 47.88
*Net Tangible Assets per share 1.86
*Total Net Div Paid (last full financial year) 19c
*Div Yield 2.24%
*Market Cap 880,000,000

Source - Morningstar

Since Dec 30 2016 when the share price was $20.71 the share has packed on nearly 2 bucks to be trading at $22.60 currently.

It is trading at these record levels largely because of positive sentiment and it is because it is a great company.

I don't have any motivations either way, i'm keeping this stock until the day I die with a possible big payoff when the vultures circle and they will but either way I don't think it will be enough to tempt the heads of Mainfreight.

It certainly won't tempt me. You would have to be talking well north of $50 to get me to release these.

I'm enjoying this run and feel this May's profit announcement will be a stunner.

The global logistics biz can be a hard beast at the best of times but I feel - the second feel in as many sentences -  that Mainfreight have finally got their ducks in a row.

Can't wait until 30th May. 

Mainfreight @ Share Investor

Read the MFT 2011 FY Presentation

Is Mainfreight Worth 20 Bucks Plus a Share?
Share Price Alert: Mainfreight Ltd 2
Mainfreight's European Acquisition a Good Move
Share Price Alert: Mainfreight Ltd
Investing in the Stockmarket: Timing your Purchase
Stock of the Week: Mainfreight Ltd
Mainfreight Ltd: 2011 1st quarter Profit Analysis
VIDEO: Don Braid with Paul Homes on the Economy
Mainfreight Ltd: Full Year 2010 Profit Analysis
Long Term View: Mainfreight Ltd
Share Investor Interview: Mainfreight's MD Don Braid
Stock of the Week: Mainfreight Ltd
Questions to Mainfreight's MD Don Braid
I'm Buying: Mainfreight Management delivers the goods
Mainfreight Annual Report Packs a Punch
Analysis - Mainfreight Ltd: FY Profit to 31/03/09
Mainfreight VS KiwiRail: The Sequel
Long VS Short: Mainfreight Ltd
Why did you buy that stock? [Mainfreight Ltd]
Mainfreight 2008 Annual report worth reading
KiwiRail will cost Mainfreight
Mainfreight keeps on truckin
A rare breed
Share Investor's 2008 stock picks

Discuss MFT @ Shareinvestor 

Share Investor 2017

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