---
title: "MTL.TO stock: Mullen Group Ltd. price, chart, valuation | ANALITICA}"
description: "Mullen Group Ltd. (MTL.TO): Up 112.0% over the past year; the S&P/TSX Composite rose 20.0%. P/E 23.8 — lower than 58% of Industrials peers (80 companies)."
canonical: https://analiti.ca/t/MTL.TO/
---

# Mullen Group Ltd. (MTL.TO)

TSX: MTL · TSX · Industrials

Last close 30.02 (Nov 12, 2026), +0.080 (+0.3%). Market cap $2.89B.
52-week range 14.00 to 32.28.

## At a glance

- Up 112.0% over the past year; the S&P/TSX Composite rose 20.0%.
- P/E 23.8 — lower than 58% of Industrials peers (80 companies).
- Market cap $2.89B; average daily dollar volume $9.2M over the past 3 months — High liquidity.
- Pays a 2.81% trailing dividend yield (as of 2026-11-12).
- Latest published plan: LONG on 2026-09-23 at $26.54 — resolved WIN +5.28% (full ladder).
- 1-year volatility 33.4% (annualized); largest fall from a peak over the past year -15.0%.

## Performance

| Period | Stock | Sector fund | Composite | Difference vs Composite |
| --- | ---: | ---: | ---: | ---: |
| 1W | +5.2% | — | +1.8% | +3.4% |
| 1M | +9.0% | — | +2.8% | +6.2% |
| 3M | +12.3% | — | -0.1% | +12.4% |
| 6M | +43.3% | — | +9.4% | +33.9% |
| YTD | +90.7% | — | +16.1% | +74.6% |
| 1Y | +112.0% | — | +20.0% | +92.0% |
| 3Y | — | — | +22.0% | — |
| 5Y | — | — | +10.5% | — |

3Y and 5Y are annualized. The Composite is proxied by XIU.TO.

## Risk and trading

- 1-year volatility (annualized): +33.4%
- Largest fall from a peak (1Y): -15.0% (Jul 24, 2026 to Sep 1, 2026)
- Beta (2Y weekly, vs Composite): 0.79
- Average daily volume (3M): 340,094
- Average daily dollar volume (3M): $9.2M
- Liquidity: High (High: $1M or more a day; Moderate: $100K or more; Low: under $100K.)

## Valuation

Valuation multiples are from the Nov 12, 2026 snapshot.

| Multiple | Value | Against sector peers |
| --- | ---: | --- |
| P/E (TTM) | 23.8 | Lower than 58% of peers (80 companies; median 25.5) |
| Earnings yield | 4.20% | — |
| P/B | 2.41 | Lower than 57% of peers (83 companies; median 2.7) |
| P/S | — | — |
| EV/EBITDA | 10.3 | Lower than 67% of peers (63 companies; median 13.7) |
| Dividend yield | 2.81% | — |
| Payout ratio | — | — |

## Financials

Reporting currency: CAD.

|  | 2022 | 2023 | 2024 | 2025 | TTM |
| --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $2.00B | $1.99B | $1.99B | $2.13B | $2.23B |
| Gross margin | 23.0% | 23.8% | 23.8% | 23.1% | — |
| Net income | $158.6M | $136.7M | $112.3M | $91.1M | $97.2M |
| Free cash flow | $181.6M | $175.1M | $224.6M | $210.2M | $206.9M |
| Diluted shares | 92,953,005 | 88,074,042 | 87,670,314 | 95,726,534 | — |

## Dividends and splits

Trailing dividend yield: 2.81% (snapshot Nov 12, 2026). Dividend history is not stored yet.

- No splits on record.

## Ownership and dilution

- Insider buys (90 days): 0
- Insider sells (90 days): 0
- Shares outstanding change (1Y): +9.2%
- Shares outstanding change (3Y): +3.0%
- Held by insiders: 6.65%
- Held by institutions: 32.54%

## Peers

- [SPCX.TO](https://analiti.ca/t/SPCX.TO/): 23.22, 1Y —, market cap $2627.94B, P/E 580.5, EV/EBITDA —, dividend yield —, 1Y volatility +79.8%
- [GE.TO](https://analiti.ca/t/GE.TO/): 42.76, 1Y —, market cap $458.75B, P/E 38.2, EV/EBITDA —, dividend yield —, 1Y volatility +35.9%
- [CATR.TO](https://analiti.ca/t/CATR.TO/): 42.98, 1Y —, market cap $362.68B, P/E 24.0, EV/EBITDA —, dividend yield —, 1Y volatility +44.1%
- [RTX.TO](https://analiti.ca/t/RTX.TO/): 45.41, 1Y —, market cap $349.60B, P/E 32.7, EV/EBITDA —, dividend yield —, 1Y volatility +27.3%
- [SMNS.TO](https://analiti.ca/t/SMNS.TO/): 33.62, 1Y +12.3%, market cap $319.69B, P/E 27.3, EV/EBITDA —, dividend yield —, 1Y volatility +36.6%
- [GEV.TO](https://analiti.ca/t/GEV.TO/): 54.66, 1Y —, market cap $289.16B, P/E 21.6, EV/EBITDA —, dividend yield —, 1Y volatility +52.5%
- [UNP.TO](https://analiti.ca/t/UNP.TO/): 30.57, 1Y —, market cap $242.04B, P/E 24.3, EV/EBITDA —, dividend yield —, 1Y volatility +23.8%
- [DEER.TO](https://analiti.ca/t/DEER.TO/): 34.64, 1Y —, market cap $240.08B, P/E 37.7, EV/EBITDA —, dividend yield —, 1Y volatility +33.9%

## analiti.ca history

5 published plans: 3 wins, 2 losses, 0 open; average +1.75% per resolved plan (full ladder).

- 2026-09-15 LONG: entry 26.22, stop 25.25, first exit 26.87 — full ladder LOSS (-3.70%); first exit LOSS (-3.70%). Day page: https://analiti.ca/day/2026-09-15
- 2026-09-16 SHORT: entry 25.17, stop 26.21, first exit 24.48 — full ladder LOSS (-4.13%); first exit LOSS (-4.13%). Day page: https://analiti.ca/day/2026-09-16
- 2026-09-17 LONG: entry 25.25, stop 24.24, first exit 25.92 — full ladder WIN (5.81%); first exit WIN (2.65%). Day page: https://analiti.ca/day/2026-09-17
- 2026-09-21 LONG: entry 25.56, stop 24.53, first exit 26.25 — full ladder WIN (5.47%); first exit WIN (2.70%). Day page: https://analiti.ca/day/2026-09-21
- 2026-09-23 LONG: entry 26.54, stop 25.49, first exit 27.24 — full ladder WIN (5.28%); first exit WIN (2.64%). Day page: https://analiti.ca/day/2026-09-23

Superstock score: 0.0 (Oct 25, 2026). Sector condition: Industrials — Weakening (as of Nov 5, 2026).

## Key dates

- Next earnings: not available — no company release or exchange notice in the stored data
- Last earnings: not available
- Next ex-dividend: not available

## Sources and data notes

- prices, chart, performance, risk: daily_prices (Yahoo) (as of Nov 12, 2026)
- valuation, market cap, ownership: yahoo_key_stats snapshot (as of Nov 12, 2026)
- financials: financials (Yahoo) (as of Jun 30, 2026)
- plans, resolutions: published entries-*.json + track-record.json (as of Nov 12, 2026)
- insiders: insider_trades (SEDI filings) (as of Nov 12, 2026)
- splits: Split inventory (interim table) (as of Nov 5, 2026)
- sector condition: conditions-2026-11-05.json (as of Nov 5, 2026)
- Superstock score: superstock_checks + superstock.json (as of Nov 12, 2026)

Not available rules: a field older than its freshness limit shows "not available", never a stale number — prices, 3 trading days; fundamentals, 120 days after the fiscal period end plus 45 days.

Data file: https://analiti.ca/data/t/MTL.TO.json

Facts and published history only. Plans are generated by a quant model.