Mullen Group Ltd. (MTL) - Net Assets

Latest as of December 2025: CA$1.14 Billion CAD ≈ $824.99 Million USD

Based on the latest financial reports, Mullen Group Ltd. (MTL) has net assets worth CA$1.14 Billion CAD (≈ $824.99 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$2.57 Billion ≈ $1.86 Billion USD) and total liabilities (CA$1.43 Billion ≈ $1.03 Billion USD). 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. Check financial resilience of Mullen Group Ltd. to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets CA$1.14 Billion
% of Total Assets 44.37%
Annual Growth Rate 9.79%
5-Year Change 28.33%
10-Year Change 18.75%
Growth Volatility 61.53

Mullen Group Ltd. - Net Assets Trend (1996–2025)

This chart illustrates how Mullen Group Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore Mullen Group Ltd. assets under control for the complete picture of this company's asset base.

Annual Net Assets for Mullen Group Ltd. (1996–2025)

The table below shows the annual net assets of Mullen Group Ltd. from 1996 to 2025. For live valuation and market cap data, see MTL market cap overview.

Year Net Assets Change
2025-12-31 CA$1.14 Billion
≈ $824.99 Million		 +12.15%
2024-12-31 CA$1.02 Billion
≈ $735.59 Million		 +4.31%
2023-12-31 CA$974.88 Million
≈ $705.22 Million		 +0.15%
2022-12-31 CA$973.40 Million
≈ $704.14 Million		 +9.53%
2021-12-31 CA$888.66 Million
≈ $642.85 Million		 -0.86%
2020-12-31 CA$896.42 Million
≈ $648.46 Million		 -2.34%
2019-12-31 CA$917.92 Million
≈ $664.01 Million		 +2.21%
2018-12-31 CA$898.08 Million
≈ $649.65 Million		 -9.26%
2017-12-31 CA$989.73 Million
≈ $715.96 Million		 +3.05%
2016-12-31 CA$960.41 Million
≈ $694.75 Million		 +19.06%
2015-12-31 CA$806.64 Million
≈ $583.51 Million		 -10.47%
2014-12-31 CA$900.94 Million
≈ $651.73 Million		 +0.09%
2013-12-31 CA$900.11 Million
≈ $651.13 Million		 +8.82%
2012-12-31 CA$827.12 Million
≈ $598.33 Million		 +17.44%
2011-12-31 CA$704.30 Million
≈ $509.48 Million		 -40.40%
2010-12-31 CA$1.18 Billion
≈ $854.84 Million		 +1.24%
2009-12-31 CA$1.17 Billion
≈ $844.36 Million		 +5.45%
2008-12-31 CA$1.11 Billion
≈ $800.74 Million		 -2.23%
2007-12-31 CA$1.13 Billion
≈ $818.97 Million		 -20.50%
2006-12-31 CA$1.42 Billion
≈ $1.03 Billion		 +334.34%
2005-12-31 CA$327.87 Million
≈ $237.18 Million		 +22.35%
2004-12-31 CA$267.98 Million
≈ $193.85 Million		 +19.45%
2003-12-31 CA$224.33 Million
≈ $162.28 Million		 +15.23%
2002-12-31 CA$194.69 Million
≈ $140.83 Million		 +10.29%
2001-12-31 CA$176.52 Million
≈ $127.69 Million		 +11.34%
2000-12-31 CA$158.53 Million
≈ $114.68 Million		 +18.84%
1999-12-31 CA$133.40 Million
≈ $96.50 Million		 +19.96%
1998-12-31 CA$111.20 Million
≈ $80.44 Million		 +15.95%
1997-12-31 CA$95.90 Million
≈ $69.37 Million		 +26.35%
1996-12-31 CA$75.90 Million
≈ $54.90 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 364.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings CA$197.70 Million 17.33%
Common Stock CA$908.97 Million 79.70%
Other Comprehensive Income CA$3.05 Million 0.27%
Other Components CA$30.75 Million 2.70%
Total Equity CA$1.14 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
Jiangling Motors Corp Ltd
SHE:000550
 $1.42 Billion
Blackrock Innovation & Growth Trust
NYSE:BIGZ
 $1.43 Billion
Ufuk Yatirim Yonetim Ve Gayrimenkul AS
IS:UFUK
 $1.43 Billion
Saratoga Investama Sedaya
JK:SRTG
 $1.43 Billion
momo.com Inc
TW:8454
 $1.42 Billion
Trevi Therapeutics Inc
NASDAQ:TRVI
 $1.42 Billion
Immunocore Holdings Ltd
NASDAQ:IMCR
 $1.42 Billion
Beijing Water Business Doctor
SHE:300055
 $1.42 Billion

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 2024 to 2025, total equity changed from 1,016,873,000 to 1,140,461,000, a change of 123,588,000 (12.2%).
  • Net income of 91,110,000 contributed positively to equity growth.
  • Dividend payments of 73,961,000 reduced retained earnings.
  • Share repurchases of 11,460,000 reduced equity.
  • Other comprehensive income decreased equity by 1,237,000.
  • Other factors increased equity by 119,136,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CA$91.11 Million +7.99%
Dividends Paid CA$73.96 Million -6.49%
Share Repurchases CA$11.46 Million -1.0%
Other Comprehensive Income CA$-1.24 Million -0.11%
Other Changes CA$119.14 Million +10.45%
Total Change CA$- 12.15%

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: 1.73x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 11.09x to 1.73x 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 CA$1.85 CA$20.54 x
1997-12-31 CA$2.31 CA$20.54 x
1998-12-31 CA$2.63 CA$20.54 x
1999-12-31 CA$3.12 CA$20.54 x
2000-12-31 CA$3.74 CA$20.54 x
2001-12-31 CA$3.99 CA$20.54 x
2002-12-31 CA$4.35 CA$20.54 x
2003-12-31 CA$4.97 CA$20.54 x
2004-12-31 CA$5.90 CA$20.54 x
2005-12-31 CA$7.08 CA$20.54 x
2006-12-31 CA$20.67 CA$20.54 x
2007-12-31 CA$13.87 CA$20.54 x
2008-12-31 CA$13.75 CA$20.54 x
2009-12-31 CA$13.20 CA$20.54 x
2010-12-31 CA$12.98 CA$20.54 x
2011-12-31 CA$7.80 CA$20.54 x
2012-12-31 CA$9.01 CA$20.54 x
2013-12-31 CA$9.73 CA$20.54 x
2014-12-31 CA$9.68 CA$20.54 x
2015-12-31 CA$8.80 CA$20.54 x
2016-12-31 CA$9.68 CA$20.54 x
2017-12-31 CA$9.55 CA$20.54 x
2018-12-31 CA$8.61 CA$20.54 x
2019-12-31 CA$8.76 CA$20.54 x
2020-12-31 CA$8.91 CA$20.54 x
2021-12-31 CA$9.24 CA$20.54 x
2022-12-31 CA$9.51 CA$20.54 x
2023-12-31 CA$9.84 CA$20.54 x
2024-12-31 CA$10.46 CA$20.54 x
2025-12-31 CA$11.84 CA$20.54 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): 7.99%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 4.27%
  • • Asset Turnover: 0.83x
  • • Equity Multiplier: 2.25x
  • Recent ROE (7.99%) is below the historical average (10.88%), suggesting potential challenges in 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 CA$4.01 Million
1997 19.60% 8.23% 1.66x 1.43x CA$9.21 Million
1998 15.83% 8.11% 1.50x 1.30x CA$6.48 Million
1999 11.84% 6.05% 1.48x 1.33x CA$2.46 Million
2000 19.41% 9.04% 1.49x 1.44x CA$14.92 Million
2001 17.38% 8.78% 1.51x 1.31x CA$13.03 Million
2002 9.58% 6.16% 1.03x 1.51x CA$-821.70K
2003 14.94% 7.95% 1.10x 1.70x CA$11.07 Million
2004 17.34% 9.87% 1.18x 1.50x CA$19.68 Million
2005 21.34% 11.82% 1.16x 1.55x CA$37.18 Million
2006 9.00% 12.77% 0.50x 1.42x CA$-14.27 Million
2007 -10.48% -10.60% 0.63x 1.56x CA$-231.91 Million
2008 10.21% 8.60% 0.70x 1.70x CA$2.31 Million
2009 7.78% 9.28% 0.51x 1.65x CA$-25.91 Million
2010 6.69% 7.61% 0.54x 1.64x CA$-39.07 Million
2011 16.96% 8.61% 0.91x 2.17x CA$49.00 Million
2012 15.83% 9.17% 0.92x 1.88x CA$48.20 Million
2013 15.92% 9.97% 0.91x 1.76x CA$53.28 Million
2014 10.50% 6.63% 0.77x 2.07x CA$4.54 Million
2015 1.66% 1.10% 0.67x 2.25x CA$-67.30 Million
2016 5.42% 5.03% 0.55x 1.95x CA$-44.00 Million
2017 6.62% 5.75% 0.65x 1.77x CA$-33.46 Million
2018 -4.88% -3.47% 0.77x 1.83x CA$-133.59 Million
2019 7.87% 5.65% 0.73x 1.91x CA$-19.55 Million
2020 7.14% 5.49% 0.68x 1.92x CA$-25.66 Million
2021 8.15% 4.90% 0.77x 2.16x CA$-16.43 Million
2022 16.30% 7.93% 1.00x 2.05x CA$61.28 Million
2023 14.02% 6.85% 0.98x 2.09x CA$39.23 Million
2024 11.04% 5.64% 0.85x 2.29x CA$10.57 Million
2025 7.99% 4.27% 0.83x 2.25x CA$-22.94 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: $2,670,737,476
  • Average return on equity (ROE) among peers: 15.06%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Mullen Group Ltd. (MTL) CA$1.14 Billion 15.28% 1.25x $1.42 Billion
TFI International Inc (TFII) $2.67 Billion 15.06% 1.67x $11.52 Billion

About Mullen Group Ltd.

TO:MTL Canada Trucking
Market Cap
$1.42 Billion
CA$1.97 Billion CAD
Market Cap Rank
#7595 Global
#232 in Canada
Share Price
CA$20.54
Change (1 day)
-0.10%
52-Week Range
CA$13.07 - CA$20.56
All Time High
CA$20.56
Categories
Companies in Canada Trucking
About

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