Last $6.75 USD
Change Today +0.01 / 0.15%
Volume 155.8K
MIL On Other Exchanges
Symbol
Exchange
New York
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As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

mfc industrial ltd (MIL) Snapshot

Open
$6.80
Previous Close
$6.74
Day High
$6.80
Day Low
$6.56
52 Week High
03/24/14 - $8.25
52 Week Low
12/16/14 - $5.20
Market Cap
422.2M
Average Volume 10 Days
207.6K
EPS TTM
$0.17
Shares Outstanding
62.6M
EX-Date
12/24/14
P/E TM
39.7x
Dividend
$0.24
Dividend Yield
3.56%
Current Stock Chart for MFC INDUSTRIAL LTD (MIL)

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mfc industrial ltd (MIL) Details

MFC Industrial Ltd., a commodity supply chain company, sources and delivers commodities and materials worldwide. The company operates in three segments: Commodities and Resources, Merchant Banking, and Other. It is involved in sourcing, producing, processing, financing, transporting, risk assessment, and warehousing commodities for producers and consumers. The company supplies various commodities, including metals, ceramics, minerals, natural gas, oil, chemicals, plastics, food and beverage additives, animal feed, and wood products. It also provides logistics, supply chain management, and other services to producers and consumers of commodities; sub-leases the land on Wabush iron ore mine located in Newfoundland and Labrador, Canada; and hold a 50% interest in the Pea Ridge Iron Ore Mine located in Sullivan, Missouri, the United States. In addition, the company offers proprietary investing, merchant banking and financial services, third-party financing, and other services, as well as trading and trade finance services. Further, it provides medical equipment, instruments, supplies, and services. The company was formerly known as Terra Nova Royalty Corporation and changed its name to MFC Industrial Ltd. in September 2011. MFC Industrial Ltd. was incorporated in 1951 and is based in Vancouver, Canada.

951 Employees
Last Reported Date: 03/31/14
Founded in 1951

mfc industrial ltd (MIL) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $388.1K
Managing Director and Director
Total Annual Compensation: $301.2K
Senior Vice President of Finance for Europe
Total Annual Compensation: $186.0K
Compensation as of Fiscal Year 2013.

mfc industrial ltd (MIL) Key Developments

MFC Industrial Ltd. Approves an Amendment to Articles

MFC Industrial Ltd. approved an amendment to the company's Articles to remove the staggered board structure, details of which were described in the Company's Management Proxy Circular dated October 10, 2014 at its AGM, held on November 13, 2014.

MFC Industrial Ltd. Expects to Pay Dividend for the Fourth Quarter of 2014

MFC Industrial Ltd. expected to pay dividend of $0.06 per common share for the fourth quarter of 2014.

MFC Industrial Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months and Operating Results for the Nine Months Ended September 30, 2014

MFC Industrial Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of $389.423 million compared to $213.418 million, income from operations of $13.1 million compared to $4.2 million, income before income taxes of $11.7 million compared to $6.4 million and net income attributable to owners of the parent company of $6.4 million or $0.10 per basic and diluted share compared to $7.0 million or $0.11 per basic and diluted share for the last year. Cash flows provided by continuing operating activities was $18.7 million compared to cash flows used in continuing operating activities $18.2 million, purchases of property, plant and equipment, net of proceeds from sales $3.0 million and purchases of hydrocarbon assets, net of proceeds from sales was $3.2 million compared to $1.6 million for the last year. EBITDA was $22.8 million compared to $15 million over the same quarter 2013. The revenues were increased primarily as a result of an overall increase in commodities revenues stemming from the consolidation of their recent acquisitions. For the nine months, the company reported net sales of $1,012.6 million compared to $586.1 million, income from operations of $33.8 million compared to $25.5 million, income before income taxes of $31.1 million compared to $25.0 million and net income attributable to owners of the parent company of $19.3 million or $0.31 per basic and diluted share compared to $22.2 million or $0.35 per diluted share for the last year. Cash flows used in continuing operating activities was $19.7 million compared to cash flows provided by continuing operating activities of $6.3 million in the same period of 2013. Purchases of property, plant and equipment, net of proceeds from sales was $12.4 million compared to $3.5 million and purchases of hydrocarbon assets, net of proceeds from sales was $3.4 million compared to $2.1 million for the last year. EBITDA was $62.3 million compared to $54.6 million in the nine months 201e. Net debt (net of cash & cash equivalents) as at September 30, 2014 was $22.3 million and net book value per share as on September 30, 2014 was $11.25 compared to $11.18 per share as on p September 30, 2013. EBITDA was $62.3 million compared to $54.6 million over the same period 2013. Revenues were increased primarily as a result of an overall increase in commodities revenues stemming from the consolidation of recent acquisitions in the second quarter of 2014 and an increase in natural gas prices. For the nine months, the company produced 12,665 mmcf of natural gas, 244 mboe of NGLs and 90 mbbl of crude oil, for total production of hydrocarbons of 2,444 mboe, compared to 13,054 mmcf of natural gas, 269 mboe of NGLs and 86 mbbl of crude oil, for total production of hydrocarbons of 2,531 mboe on a net working interest basis in the same period of 2013.

 

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Industry Analysis

MIL

Industry Average

Valuation MIL Industry Range
Price/Earnings 62.9x
Price/Sales 0.3x
Price/Book 0.6x
Price/Cash Flow 63.2x
TEV/Sales NM Not Meaningful
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