# Major Drilling Group International Inc. (MDI.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Metals & Mining. Price C$16.08, market value C$1.3 billion.

## Valuation
- **P/E (trailing): 50.3×** (5-yr avg 26.4×, 3-yr avg 34.2×). Major Drilling Group International Inc. trades at 50.3× trailing earnings, well above its own five-year average of 26.4×: investors are paying up relative to the company's past. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 14.9×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 1.4×**. Each dollar of revenue is priced at 1.4×.
- **Price / book: 2.4×**. The shares trade at 2.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 11.6×**. Enterprise value is 11.6× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 1.4%** (5-yr avg 4.3%). Free cash flow equals 1.4% of the market value, below its five-year average of 4.3%, so the shares are pricier on cash than usual.
- **Earnings yield: 2.0%**. The inverse of the P/E: 2.0% of the price is earned each year.

## Profitability
- **Gross margin: 15.0%**. Major Drilling Group International Inc. keeps 15.0% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 5.1%**. 5.1% of revenue is left after running the business.
- **Net margin: 2.4%**. 2.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 3.8%**. 3.8% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 6.3%**. Return on all capital, debt included, is 6.3%.
- **Return on assets: 3.4%**. Each dollar of assets produces 3.4% of profit.

## Growth
- **Revenue growth (1 yr): 22.2%** (3-yr 6.5%/yr, 5-yr 15.5%/yr). Revenue grew 22.2% over the last year, against 15.5% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -18.8%** (3-yr -33.9%/yr, 5-yr 16.7%/yr). Earnings per share fell 18.8%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -27.5%/yr**. Free cash flow has compounded at -27.5% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.06**. Debt is 0.06 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Major Drilling Group International Inc. holds more cash than debt.
- **Interest coverage: 33.1×**. Operating profit covers interest 33.1× over, a safe margin.
- **Current ratio: 2.43** (quick 1.70). Current assets cover the next year's liabilities 2.43 times.
- **Altman Z-score: 6.50**. A Z-score of 6.50 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Major Drilling Group International Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (5 analysts). 5 analysts cover Major Drilling Group International Inc.; the consensus is strong_buy, with an average price target of C$20.95 (+30% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 61.3%** (YTD 24.7%, 3-mo -3.9%). The shares are up 61.3% over twelve months including dividends.
- **From 52-week high: -14.0%** (74.0% above the low). Trading 14% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 47**. An RSI of 47 is neutral.
- **Beta (1 yr): 1.96** (volatility 45%). Beta of 1.96 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MDI.TO · Page: https://foliofundamentals.com/stocks/mdi.to

Not investment advice.