Major Drilling Group International Inc
TSX:MDI

Watchlist Manager
Major Drilling Group International Inc Logo
Major Drilling Group International Inc
TSX:MDI
Watchlist
Price: 16.87 CAD 2.62%
Market Cap: CA$1.4B

EV/EBITDA

13.9
Current
146%
More Expensive
vs 3-y average of 5.7

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
13.9
=
Enterprise Value
CA$1.3B
/
EBITDA
CA$95.7m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
13.9
=
Enterprise Value
CA$1.3B
/
EBITDA
CA$95.7m

Valuation Scenarios

Major Drilling Group International Inc is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (5.7), the stock would be worth CA$6.87 (59% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-59%
Maximum Upside
No Upside Scenarios
Average Downside
43%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 13.9 CA$16.87
0%
3-Year Average 5.7 CA$6.87
-59%
5-Year Average 6 CA$7.26
-57%
Industry Average 9.7 CA$11.71
-31%
Country Average 10.2 CA$12.34
-27%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
CA$1.3B
/
Feb 2026
CA$95.7m
=
13.9
Current
CA$1.3B
/
Apr 2026
CA$104.9m
=
12.5
Forward
CA$1.3B
/
Apr 2027
CA$151.1m
=
8.7
Forward
CA$1.3B
/
Apr 2028
CA$160.6m
=
8.2
Forward
CA$1.3B
/
Apr 2029
CA$189.4m
=
6.9
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
CA
Major Drilling Group International Inc
TSX:MDI
1.4B CAD 13.9 97.6
AU
BHP Group Ltd
ASX:BHP
285.2B AUD 7.5 19.6
AU
Rio Tinto Ltd
ASX:RIO
281B AUD 8.3 19.8
UK
Rio Tinto PLC
LSE:RIO
121.2B GBP 7.5 16
MX
Grupo Mexico SAB de CV
BMV:GMEXICOB
1.6T MXN 9.3 18.3
CH
Glencore PLC
LSE:GLEN
66.1B GBP 11.5 241.5
SA
Saudi Arabian Mining Company SJSC
SAU:1211
248.9B SAR 18.1 33.9
CN
CMOC Group Ltd
SSE:603993
429.8B CNY 10 21.1
UK
Anglo American PLC
LSE:AAL
42.8B GBP 10.7 -15.8
CN
China Molybdenum Co Ltd
OTC:CMCLF
53.1B USD 8.4 18
ZA
African Rainbow Minerals Ltd
JSE:ARI
45.4B ZAR -74.8 35.2

Market Distribution

In line with most companies in Canada
Percentile
68th
Based on 2 002 companies
68th percentile
13.9
Low
0 — 7
Typical Range
7 — 14.5
High
14.5 —
Distribution Statistics
Canada
Min 0
30th Percentile 7
Median 10.2
70th Percentile 14.5
Max 13 731.1

Major Drilling Group International Inc
Glance View

Market Cap
1.4B CAD
Industry
Metals & Mining

Major Drilling Group International, Inc. engages in the provision of water and mineral exploration drilling services. The company is headquartered in Moncton, New Brunswick and currently employs 3,825 full-time employees. The firm operates through three geographical segments: Canada - U.S.; South and Central America, and Asia and Africa. The firm is primarily engaged in the mining industry. The firm provides a range of drilling services, including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive/ longhole drilling, surface drill and blast, and a variety of mine services. The firm has two categories of customers: junior exploration companies and a diversified portfolio of senior/intermediate companies, for which the Company provides greenfield exploration drilling and/or drilling at operating mines. The firm also has an investment in a fleet of digitized mobile underground drills that allow less dependence on client resources as well as increased ability for automation and versatility.

MDI Intrinsic Value
10.52 CAD
Overvaluation 38%
Intrinsic Value
Price CA$16.87
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett