Want to see NZ:MFT full AI Analyst Report?
Top Page
Mainfreight
(MFT)
Select Model
Select Model
Rating:65Neutral
Price Target:
$70.00
▲(5.29% Upside)
Action:N/A
Date:10/05/26
The score is driven primarily by solid underlying financials (sound leverage, growing scale, and consistently positive free cash flow), tempered by margin/return compression versus prior peaks. Technicals add a modest drag due to negative MACD and the price sitting below short-term moving averages. Valuation is somewhat expensive on earnings (P/E ~26), but the ~3.11% dividend yield provides partial support.
Positive Factors
Integrated customer relationships
Increasing use of all three divisions by major customers supports recurring volumes, cross-selling and deeper relationships. This integrated model can improve customer retention and network utilisation, strengthening Mainfreight’s competitive position across freight forwarding, transport and warehousing over time.
Negative Factors
Margin compression
The decline in net margin from earlier peaks indicates that recent growth is producing less profit per dollar of revenue. Persistent margin pressure could limit earnings expansion, reduce the payoff from network investment and leave results more sensitive to operating-cost changes.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated customer relationships
Increasing use of all three divisions by major customers supports recurring volumes, cross-selling and deeper relationships. This integrated model can improve customer retention and network utilisation, strengthening Mainfreight’s competitive position across freight forwarding, transport and warehousing over time.
Read all positive factors
Mainfreight (MFT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.55B
Dividend Yield3.11%
Average Volume (3M)59.07K
Price to Earnings (P/E)26.0
Beta (1Y)1.03
Revenue Growth2.81%
EPS Growth-8.51%
CountryNZ
Employees10,839
SectorIndustrials
Sector Strength72
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)2.50
Shares Outstanding100,698,550
10 Day Avg. Volume55,022
30 Day Avg. Volume59,074
Financial Highlights & Ratios
PEG Ratio-2.74
Price to Book (P/B)2.72
Price to Sales (P/S)1.08
P/FCF Ratio14.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)3.06
Revenue Forecast (FY)$5.93B
Mainfreight Business Overview & Revenue Model
Company Description
Established in Auckland, New Zealand, in 1978, Mainfreight Limited delivers extensive supply chain management solutions across numerous global regions, including New Zealand, Australia, the Americas, Europe, and Asia. The company's diverse service...
How the Company Makes Money
Mainfreight makes money by charging customers for logistics services, primarily through three core revenue streams:
1) Freight forwarding (international logistics): Mainfreight earns revenue by arranging the cross-border movement of cargo via oce...
Mainfreight Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
72
Positive
Cash Flow
74
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.38B | 5.24B | 4.72B | 5.68B | 5.22B |
| Gross Profit | 831.16M | 1.13B | 2.09B | 2.23B | 1.86B |
| EBITDA | 759.83M | 1.13B | 699.33M | 853.79M | 711.04M |
| Net Income | 251.00M | 274.34M | 208.67M | 426.48M | 355.40M |
Balance Sheet | |||||
| Total Assets | 4.40B | 4.07B | 3.78B | 3.44B | 3.03B |
| Cash, Cash Equivalents and Short-Term Investments | 162.19M | 179.39M | 213.56M | 341.99M | 202.26M |
| Total Debt | 1.43B | 1.35B | 1.22B | 1.00B | 814.56M |
| Total Liabilities | 2.26B | 2.08B | 1.93B | 1.72B | 1.60B |
| Stockholders Equity | 2.14B | 2.00B | 1.85B | 1.73B | 1.43B |
Cash Flow | |||||
| Free Cash Flow | 412.52M | 330.74M | 229.42M | 433.32M | 310.93M |
| Operating Cash Flow | 589.42M | 584.40M | 504.80M | 757.21M | 503.80M |
| Investing Cash Flow | -188.55M | -227.47M | -254.40M | -313.91M | -189.08M |
| Financing Cash Flow | -425.26M | -400.13M | -389.19M | -319.36M | -249.97M |
Mainfreight Technical Analysis
Neutral
66.48
Price Trends
67.00
Negative
64.04
Positive
63.09
Positive
Market Momentum
-0.31
Positive
43.97
Neutral
31.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NZ:MFT, the sentiment is Neutral. The current price of 66.48 is above the 20-day moving average (MA) of 65.83, below the 50-day MA of 67.00, and above the 200-day MA of 63.09, indicating a neutral trend. The MACD of -0.31 indicates Positive momentum. The RSI at 43.97 is Neutral, neither overbought nor oversold. The STOCH value of 31.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NZ:MFT.
Mainfreight Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $5.48B | 34.78 | 6.78% | 3.00% | 4.13% | -10.00% | |
65 Neutral | $6.55B | 26.02 | 12.02% | 3.11% | 2.81% | -8.51% | |
64 Neutral | $2.20B | 23.92 | 17.19% | 4.30% | 13.50% | 17.16% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | $14.21B | 43.46 | 3.12% | 3.58% | 4.64% | -24.03% | |
45 Neutral | $1.26B | -5.14 | -13.80% | 3.25% | 3.86% | -299.47% | |
44 Neutral | $22.97M | 47.63 | 6.10% | 6.80% | 1.52% | ― |
* Industrials Sector Average
NZ:MFT
Mainfreight
65.00
5.27
8.83%
NZ:AIR
Air New Zealand
0.39
-0.21
-35.00%
NZ:AIA
Auckland International Airport
8.31
0.55
7.06%
NZ:FRW
Freightways
12.30
-0.82
-6.26%
NZ:POT
Port of Tauranga
8.00
0.21
2.72%
NZ:MOV
Move Logistics Group Limited
0.18
-0.03
-13.81%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.