MFT - Mainfreight. Global Freight & Logistics

[alokdhir]

Updated my model - F23 EPS expected to be $4.89 ,,,stuff all growth in H2
So PE about 14 - wow that's cheap az

Share price should $100 plus on that sort of profit and growth

I would have been happy with $ 4.50 eps but u expect $ 4.89 ...thats superb ...agree SP shud be over $ 100 but your call of OCR 6% is keeping all shares subdued ....but MFT time will come in 6-12 months maybe

[winner69]

I would have been happy with $ 4.50 eps but u expect $ 4.89 ...thats superb ...agree SP shud be over $ 100 but your call of OCR 6% is keeping all shares subdued ....but MFT time will come in 6-12 months maybe

if full year is eps 4.50 that means no profit growth in second half

Growth stops .... signals 'peak profits' ..... punters (except Kingfish lol) change their views ......we know what happens then eh

Fine tuned by forecast and now eps of 4.72

Table showing half year npat and profit growth v pcp below. Nice numbers and H222 looks pretty reasonable

[alokdhir]

if full year is eps 4.50 that means no profit growth in second half

Growth stops .... signals 'peak profits' ..... punters (except Kingfish lol) change their views ......we know what happens then eh

Fine tuned by forecast and now eps of 4.72

Table showing half year npat and profit growth v pcp below. Nice numbers and H222 looks pretty reasonable

Great analysis and nicely put across too mate ...After 89% growth if company can still manage 34% again its superb ...maybe FY24 will be just 5-10% if any ...still I think it will maintain a great CAG rate over last 5-7 years time

In nutshell its a great company and it has vast vast market to grow ....they just need to keep replicating same business model country after country and keep growing

Can they become too big to manage their efficiencies for optimal NPAT outcomes ?? All depends upon staff motivation and they are great at making everyone partners in profits of growth ...as all are working for themselves too not just MFT ...Ace strategy

India can be a great market for them in next 3-5 years ....by the time their developed markets had already given them easy initial growth

[Snow Leopard]

Malaysia Warehouse Grand Opening



So, who is going?

[kiora]

https://www.google.com/url?sa=i&url=...AAAAAdAAAAABAE

[winner69]

FY22 results show 'Air and Ocean' volumes up about 20% but revenues up about 84% and profit up 214%. Same sort if picture for 'Transport'

Obviously the huge increase in revenues is the impact of all the global supply chain issues we've heard about — leading to higher freight rates

I assume costs have increased as well - by not as much as revenues — so higher profits.

Is it the sustainability of the the current high freight rates (like Transport rates per tonne were 25% higher in F22 than F21) that worries investors and the possibility of falling profits

Confession ...never really studied the detail of these companies ....just the big numbers and not the key drivers of how they occur.

[Peitro]

Another satisfactory result. The quiet half of the year has has produced NPBT of $300M, $750M NPBT for the year certainly looks feasible.

MFT are well positioned and have investment plans that will certainly take advantage of the current drop off in market sentiment and increasing their slice of the pie in America and India. Bring on the 10 November detailed update.

[Peitro]

Just picked up a less than niicce little parcel.

[mikelee]

Wow, nice run today. Was going to put this in the bottom of the draw and forget about it after a horrible year, in terms of SP.
I wish the dividend could be a little more generous though, especially in light of the recent bull run in interest rate.

[iceman]

Wow, nice run today. Was going to put this in the bottom of the draw and forget about it after a horrible year, in terms of SP.
I wish the dividend could be a little more generous though, especially in light of the recent bull run in interest rate.

I think we should be happy with the very impressive dividend growth as an additional little bonus to the huge growth of the business Worldwide https://www.nzx.com/instruments/MFT/dividends
https://www.morningstar.com/stocks/xnze/mft/dividends

MFT should stay focused on investing to grow profits.