C$26.73
2.48%
Toronto, Oct 05, 04:00 pm EDT. Closed.
ISIN
CA6252841045
Symbol
MTL

Mullen Group Target price 2026 - Analyst rating & recommendation

Mullen Group Classifications & Recommendation

Buy
69%
Hold
31%

Mullen Group Price Target

Target Price C$30.60
Price C$26.73
Potential
Number of Estimates 10
10 Analysts have issued a price target Mullen Group 2027 . The average Mullen Group target price is C$30.60. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 13 analysts: 9 Analysts recommend Mullen Group to buy, 4 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Mullen Group stock has an average upside potential 2027 of . Most analysts recommend the Mullen Group stock at Purchase.

Sales and Margin forecast 2026, 2027 to 2030

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Quarter Annually
Dec '25 2026
Estimates
Revenue Billion C$ 2.13 2.38
7.26% 11.55%
EBITDA Margin 15.21% 15.96%
6.06% 4.90%
Net Margin 4.27% 5.42%
24.33% 26.93%

10 Analysts have issued a sales forecast Mullen Group 2026 . The average Mullen Group sales estimate is

C$2.4b
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. This is
5.66% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
C$2.5b 11.56%
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, the lowest is
C$2.3b 1.48%
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.

This results in the following potential growth metrics:

Revenue Estimates

2025 C$2.1b 7.26%
2026
C$2.4b 11.55%
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2027
C$2.5b 4.20%
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2028
C$2.6b 3.51%
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2029
C$2.5b 1.56%
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2030
C$2.6b 2.97%
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10 Analysts have issued an Mullen Group EBITDA forecast 2026. The average Mullen Group EBITDA estimate is

C$380m
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. This is
10.07% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
C$405m 17.47%
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, the lowest is
C$362m 4.84%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2025 C$325m 0.75%
2026
C$380m 16.99%
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2027
C$408m 7.36%
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2028
C$436m 6.97%
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2029
C$426m 2.34%
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2030
C$438m 2.95%
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EBITDA Margin

2025 15.21% 6.06%
2026
15.96% 4.90%
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2027
16.44% 3.01%
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2028
16.99% 3.35%
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2029
16.86% 0.77%
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2030
16.85% 0.06%
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10 Mullen Group Analysts have issued a net profit forecast 2026. The average Mullen Group net profit estimate is

C$129m
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. This is
22.99% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
C$142m 35.94%
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, the lowest is
C$111m 6.18%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2025 C$91.1m 18.84%
2026
C$129m 41.49%
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2027
C$147m 14.23%
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2028
C$163m 10.76%
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Net Margin

2025 4.27% 24.33%
2026
5.42% 26.93%
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2027
5.94% 9.59%
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2028
6.35% 6.90%
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Earnings per share, P/E ratio and EV/sales Estimates 2026, 2027 to 2030

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Quarter Annually
Dec '25 2026
Estimates
Earnings Per Share C$ 0.94 1.34
18.26% 42.55%
P/E 20.46
EV/Sales 1.47

10 Analysts have issued a Mullen Group forecast for earnings per share. The average Mullen Group EPS is

C$1.34
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. This is
25.23% higher
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than earnings per share in the financial year 2025. The highest EPS forecast is
C$1.48 38.32%
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, the lowest is
C$1.16 8.41%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2025 C$0.94 18.26%
2026
C$1.34 42.55%
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2027
C$1.53 14.18%
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2028
C$1.69 10.46%
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P/E ratio

Current 25.62 88.87%
2026
20.46 20.13%
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2027
17.91 12.46%
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2028
16.17 9.72%
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Based on analysts' sales estimates for 2026, the Mullen Group stock is valued at an EV/Sales of

and an P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 1.55 43.52%
2026
1.47 5.26%
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2027
1.41 4.03%
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2028
1.36 3.39%
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2029
1.38 1.59%
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2030
1.34 2.89%
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P/S ratio

Current 1.17 98.08%
2026
1.10 5.36%
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2027
1.06 4.03%
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2028
1.02 3.39%
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2029
1.04 1.58%
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2030
1.01 2.89%
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Current Mullen Group Upgrades & Downgrades

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Analyst Rating Action Date
NATIONAL BANK FINANCIAL
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Locked Sep 08 2026
CIBC CAPITAL MARKETS
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TD COWEN
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DESJARDINS SECURITIES
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ACUMEN CAPITAL PARTNERS
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TD COWEN
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TD COWEN
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Analyst Rating Date
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NATIONAL BANK FINANCIAL:
Locked
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Sep 08 2026
Locked
CIBC CAPITAL MARKETS:
Locked
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Jul 24 2026
Locked
TD COWEN:
Locked
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Jul 24 2026
Locked
DESJARDINS SECURITIES:
Locked
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Locked
Jul 23 2026
Locked
ACUMEN CAPITAL PARTNERS:
Locked
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Locked
Jul 23 2026
Locked
TD COWEN:
Locked
➜
Locked
Jul 14 2026
Locked
TD COWEN:
Locked
➜
Locked
Jul 13 2026

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