Mainfreight [NZX.MFT]: Will This Growth Stock Continue to Deliver Throughout 2021 and Beyond?

This question is on many people’s minds at the moment…and rightfully so.

Will Mainfreight [NZX:MFT] be the first NZX-listed stock to reach $100 per share? Or has it hit its price ceiling? In other words, are we too late to buy?

From the viewpoint of a potential investor in the company, let’s take a deep dive into the risks and returns that Mainfreight stock offers in order to make our best estimate.

 

Source: Mainfreight

 

Mainfreight is New Zealand’s premier freight logistics company.

They command a domestic market share of 45% in transport, and 30% in supply chain logistics.

The company provides international services through more than 165 branches worldwide.

These services include:

  • Freight forwarding by road, rail, and sea.
  • Handling of hazardous goods.
  • Managed warehousing.
  • Customs clearance and domestic distribution.

Now, let’s take a look at some relevant data in order to assess Mainfreight’s financial health:

 

Source: Bloomberg

 

Mainfreight has performed fantastically in recent history.

So good, in fact, that they have managed to yield a total return of 372.77% over the last five years.

Comparatively, the NZ benchmark index — the S&P/NZX Gross Index — has returned 86.69% over the same period.

So, what is the future of Mainfreight? Will it continue to flourish in a post-Covid world? Is there still value and growth to be found here?

 

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