Mullen Group Valuation

Undetailed Valuation: A small trucking and warehouse company, Trucking and warehouse companies are undervalued in general but according to Compared Companies analysis Mullen Goup is approx. %30 undervalued regarding sector ratios. FCF estimates %200+ growth potential but sector averages are low. In summary it is a small company but can be good opportunity to invest in.

on this valuation I did not cover all details due to lack of time because of my studies: Instead of using reinvestments and roe, I used growth years of past years for future growth rate assumption. I used exit multiplies method for finding terminal value, and I assumed that amortization and reinvestment have the constant growth rate as the average growth rates of past years, in more comprehensive valuations, percentages of amortizations and reinvestments regarding sales should be used.

valuation is attached with excel file: