Mullen Group Ltd
Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. It operates through four segments: Less-Than-Truckload, Logistics & Warehousing, Specialized & Industrial Services, and U.S. & International Logistics. The Less-Than-Truckload segment delivers general freight, such as smaller shipments, packages, and parcels; and pharmaceutical and package produ… Read more
Mullen Group Ltd (MLLGF) - Net Assets
Latest net assets as of September 2025: $1.03 Billion USD
Based on the latest financial reports, Mullen Group Ltd (MLLGF) has net assets worth $1.03 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.63 Billion) and total liabilities ($1.60 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.03 Billion |
| % of Total Assets | 39.13% |
| Annual Growth Rate | 9.71% |
| 5-Year Change | 13.44% |
| 10-Year Change | 26.06% |
| Growth Volatility | 62.62 |
Mullen Group Ltd - Net Assets Trend (1996–2024)
This chart illustrates how Mullen Group Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mullen Group Ltd (1996–2024)
The table below shows the annual net assets of Mullen Group Ltd from 1996 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.02 Billion | +4.31% |
| 2023-12-31 | $974.88 Million | +0.15% |
| 2022-12-31 | $973.40 Million | +9.53% |
| 2021-12-31 | $888.66 Million | -0.86% |
| 2020-12-31 | $896.42 Million | -2.34% |
| 2019-12-31 | $917.92 Million | +2.21% |
| 2018-12-31 | $898.08 Million | -9.26% |
| 2017-12-31 | $989.73 Million | +3.05% |
| 2016-12-31 | $960.41 Million | +19.06% |
| 2015-12-31 | $806.64 Million | -10.47% |
| 2014-12-31 | $900.94 Million | +0.09% |
| 2013-12-31 | $900.11 Million | +8.82% |
| 2012-12-31 | $827.12 Million | +17.44% |
| 2011-12-31 | $704.30 Million | -40.40% |
| 2010-12-31 | $1.18 Billion | +1.24% |
| 2009-12-31 | $1.17 Billion | +5.45% |
| 2008-12-31 | $1.11 Billion | -2.23% |
| 2007-12-31 | $1.13 Billion | -20.50% |
| 2006-12-31 | $1.42 Billion | +334.34% |
| 2005-12-31 | $327.87 Million | +22.35% |
| 2004-12-31 | $267.98 Million | +19.45% |
| 2003-12-31 | $224.33 Million | +15.23% |
| 2002-12-31 | $194.69 Million | +10.29% |
| 2001-12-31 | $176.52 Million | +11.34% |
| 2000-12-31 | $158.53 Million | +18.84% |
| 1999-12-31 | $133.40 Million | +19.96% |
| 1998-12-31 | $111.20 Million | +15.95% |
| 1997-12-31 | $95.90 Million | +26.35% |
| 1996-12-31 | $75.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mullen Group Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 333.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $184.78 Million | 18.17% |
| Common Stock | $797.81 Million | 78.46% |
| Other Comprehensive Income | $4.28 Million | 0.42% |
| Other Components | $30.00 Million | 2.95% |
| Total Equity | $1.02 Billion | 100.00% |
Mullen Group Ltd Competitors by Market Cap
The table below lists competitors of Mullen Group Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zenas BioPharma, Inc. Common Stock
NASDAQ:ZBIO
|
$745.09 Million |
|
Mimasu Semiconductor Industry Co. Ltd
MU:MU2
|
$745.20 Million |
|
Zhejiang Wanliyang Transmission Co Ltd
SHE:002434
|
$745.30 Million |
|
Bellevue Gold Limited
PINK:BELGF
|
$745.48 Million |
|
Addnode Group AB (publ)
ST:ANOD-B
|
$744.57 Million |
|
Jiangsu Chengxing Phosph-Chemical Co Ltd
SHG:600078
|
$744.47 Million |
|
BKI Investment Company Ltd
AU:BKI
|
$744.43 Million |
|
Harvia Oyj
PINK:HRVFF
|
$744.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mullen Group Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 974,884,000 to 1,016,873,000, a change of 41,989,000 (4.3%).
- Net income of 112,261,000 contributed positively to equity growth.
- Dividend payments of 66,759,000 reduced retained earnings.
- Share repurchases of 6,490,000 reduced equity.
- New share issuances of 931,000 increased equity.
- Other comprehensive income increased equity by 1,985,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $112.26 Million | +11.04% |
| Dividends Paid | $66.76 Million | -6.57% |
| Share Repurchases | $6.49 Million | -0.64% |
| Share Issuances | $931.00K | +0.09% |
| Other Comprehensive Income | $1.99 Million | +0.2% |
| Other Changes | $61.00K | +0.01% |
| Total Change | $- | 4.31% |
Book Value vs Market Value Analysis
This analysis compares Mullen Group Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.84x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 4.75x to 0.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $1.85 | $8.79 | x |
| 1997-12-31 | $2.31 | $8.79 | x |
| 1998-12-31 | $2.63 | $8.79 | x |
| 1999-12-31 | $3.12 | $8.79 | x |
| 2000-12-31 | $3.74 | $8.79 | x |
| 2001-12-31 | $3.99 | $8.79 | x |
| 2002-12-31 | $4.35 | $8.79 | x |
| 2003-12-31 | $4.97 | $8.79 | x |
| 2004-12-31 | $5.90 | $8.79 | x |
| 2005-12-31 | $7.08 | $8.79 | x |
| 2006-12-31 | $20.67 | $8.79 | x |
| 2007-12-31 | $13.87 | $8.79 | x |
| 2008-12-31 | $13.75 | $8.79 | x |
| 2009-12-31 | $13.20 | $8.79 | x |
| 2010-12-31 | $12.98 | $8.79 | x |
| 2011-12-31 | $7.80 | $8.79 | x |
| 2012-12-31 | $9.01 | $8.79 | x |
| 2013-12-31 | $9.73 | $8.79 | x |
| 2014-12-31 | $9.68 | $8.79 | x |
| 2015-12-31 | $8.80 | $8.79 | x |
| 2016-12-31 | $9.68 | $8.79 | x |
| 2017-12-31 | $9.55 | $8.79 | x |
| 2018-12-31 | $8.61 | $8.79 | x |
| 2019-12-31 | $8.76 | $8.79 | x |
| 2020-12-31 | $8.91 | $8.79 | x |
| 2021-12-31 | $9.24 | $8.79 | x |
| 2022-12-31 | $9.51 | $8.79 | x |
| 2023-12-31 | $9.84 | $8.79 | x |
| 2024-12-31 | $10.48 | $8.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mullen Group Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.04%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.64%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 2.29x
- Recent ROE (11.04%) is above the historical average (10.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 15.28% | 6.33% | 1.61x | 1.50x | $4.01 Million |
| 1997 | 19.60% | 8.23% | 1.66x | 1.43x | $9.21 Million |
| 1998 | 15.83% | 8.11% | 1.50x | 1.30x | $6.48 Million |
| 1999 | 11.84% | 6.05% | 1.48x | 1.33x | $2.46 Million |
| 2000 | 19.41% | 9.04% | 1.49x | 1.44x | $14.92 Million |
| 2001 | 17.38% | 8.78% | 1.51x | 1.31x | $13.03 Million |
| 2002 | 9.58% | 6.16% | 1.03x | 1.51x | $-821.70K |
| 2003 | 14.45% | 7.69% | 1.10x | 1.70x | $9.99 Million |
| 2004 | 17.34% | 9.87% | 1.18x | 1.50x | $19.68 Million |
| 2005 | 21.34% | 11.82% | 1.16x | 1.55x | $37.18 Million |
| 2006 | 9.00% | 12.77% | 0.50x | 1.42x | $-14.27 Million |
| 2007 | -10.48% | -10.60% | 0.63x | 1.56x | $-231.91 Million |
| 2008 | 10.21% | 8.60% | 0.70x | 1.70x | $2.31 Million |
| 2009 | 7.78% | 9.28% | 0.51x | 1.65x | $-25.91 Million |
| 2010 | 6.71% | 7.63% | 0.54x | 1.64x | $-38.87 Million |
| 2011 | 16.96% | 8.61% | 0.91x | 2.17x | $49.00 Million |
| 2012 | 15.83% | 9.17% | 0.92x | 1.88x | $48.20 Million |
| 2013 | 15.92% | 9.97% | 0.91x | 1.76x | $53.28 Million |
| 2014 | 10.50% | 6.63% | 0.77x | 2.07x | $4.54 Million |
| 2015 | 1.66% | 1.10% | 0.67x | 2.25x | $-67.30 Million |
| 2016 | 5.42% | 5.03% | 0.55x | 1.95x | $-44.00 Million |
| 2017 | 6.62% | 5.75% | 0.65x | 1.77x | $-33.46 Million |
| 2018 | -4.88% | -3.47% | 0.77x | 1.83x | $-133.59 Million |
| 2019 | 7.87% | 5.65% | 0.73x | 1.91x | $-19.55 Million |
| 2020 | 7.14% | 5.49% | 0.68x | 1.92x | $-25.66 Million |
| 2021 | 8.15% | 4.90% | 0.77x | 2.16x | $-16.43 Million |
| 2022 | 16.30% | 7.93% | 1.00x | 2.05x | $61.28 Million |
| 2023 | 14.02% | 6.85% | 0.98x | 2.09x | $39.23 Million |
| 2024 | 11.04% | 5.64% | 0.85x | 2.29x | $10.57 Million |
Industry Comparison
This section compares Mullen Group Ltd's net assets metrics with peer companies in the Trucking industry.
Industry Context
- Industry: Trucking
- Average net assets among peers: $281,548,437
- Average return on equity (ROE) among peers: -70.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mullen Group Ltd (MLLGF) | $1.03 Billion | 15.28% | 1.56x | $744.68 Million |
| ArcBest Corp (ARCB) | $233.70 Million | 8.69% | 0.92x | $1.88 Billion |
| BEST Inc (BEST) | $1.72 Billion | -97.58% | 10.50x | $56.09 Million |
| Celadon Group Inc (CGIP) | $53.94 Million | 3.17% | 2.52x | $2.72K |
| Covenant Logistics Group, Inc. (CVLG) | $167.82 Million | 7.08% | 1.33x | $367.33 Million |
| Elite Express Holding Inc. Class A Common Stock (ETS) | $39.96K | -521.47% | 17.10x | $2.63 Million |
| EVO Transportation & Energy Services Inc (EVOA) | $-153.04K | 0.00% | 0.00x | $37.78 Million |
| Knight Transportation Inc (KNX) | $352.93 Million | 17.49% | 0.37x | $8.27 Billion |
| Link Reservations Inc (LRSV) | $-162.49K | 0.00% | 0.00x | $9.26 |
| Mogul Energy International Inc (MGUY) | $1.22 Million | -49.02% | 0.33x | $61.05K |