Major Drilling Group Stock Net Income
| MDI Stock | CAD 15.05 0.13 0.86% |
As of the 5th of February, Major Drilling secures the Risk Adjusted Performance of 0.1006, mean deviation of 2.19, and Downside Deviation of 2.4. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Major Drilling Group, as well as the relationship between them.
Major Drilling Total Revenue |
|
Gross Profit | Profit Margin | Market Capitalization | Enterprise Value Revenue 1.4868 | Revenue |
| Last Reported | Projected for Next Year | ||
| Net Income | 42.9 M | 45 M | |
| Net Income From Continuing Ops | 29.8 M | 31.3 M | |
| Net Income Applicable To Common Shares | 29.8 M | 31.3 M | |
| Net Income Per Share | 0.36 | 0.38 | |
| Net Income Per E B T | 0.63 | 0.51 |
Major | Net Income |
Evaluating Major Drilling's Net Income across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Major Drilling Group's fundamental strength.
Latest Major Drilling's Net Income Growth Pattern
Below is the plot of the Net Income of Major Drilling Group over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in Major Drilling Group financial statement analysis. It represents the amount of money remaining after all of Major Drilling Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is Major Drilling's Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Major Drilling's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 37.3 M | 10 Years Trend |
|
Net Income |
| Timeline |
Major Net Income Regression Statistics
| Arithmetic Mean | 7,457,701 | |
| Coefficient Of Variation | 662.56 | |
| Mean Deviation | 41,873,636 | |
| Median | 10,034,000 | |
| Standard Deviation | 49,411,697 | |
| Sample Variance | 2441.5T | |
| Range | 160.7M | |
| R-Value | 0.25 | |
| Mean Square Error | 2445.3T | |
| R-Squared | 0.06 | |
| Significance | 0.34 | |
| Slope | 2,417,478 | |
| Total Sum of Squares | 39064.3T |
Major Net Income History
Major Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Major Drilling is extremely important. It helps to project a fair market value of Major Stock properly, considering its historical fundamentals such as Net Income. Since Major Drilling's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Major Drilling's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Major Drilling's interrelated accounts and indicators.
Click cells to compare fundamentals
Major Drilling 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Major Drilling's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Major Drilling.
| 11/07/2025 |
| 02/05/2026 |
If you would invest 0.00 in Major Drilling on November 7, 2025 and sell it all today you would earn a total of 0.00 from holding Major Drilling Group or generate 0.0% return on investment in Major Drilling over 90 days. Major Drilling is related to or competes with Standard Lithium, Trilogy Metals, Avino Silver, Sigma Lithium, Andean Precious, Res Robex, and AbraSilver Resource. Major Drilling Group International Inc. provides contract drilling services for mining and mineral exploration companies... More
Major Drilling Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Major Drilling's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Major Drilling Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | 0.1024 | |||
| Maximum Drawdown | 9.82 | |||
| Value At Risk | (4.31) | |||
| Potential Upside | 4.39 |
Major Drilling Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Major Drilling's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Major Drilling's standard deviation. In reality, there are many statistical measures that can use Major Drilling historical prices to predict the future Major Drilling's volatility.| Risk Adjusted Performance | 0.1006 | |||
| Jensen Alpha | 0.2913 | |||
| Total Risk Alpha | 0.129 | |||
| Sortino Ratio | 0.1121 | |||
| Treynor Ratio | 0.54 |
Major Drilling February 5, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1006 | |||
| Market Risk Adjusted Performance | 0.55 | |||
| Mean Deviation | 2.19 | |||
| Semi Deviation | 2.19 | |||
| Downside Deviation | 2.4 | |||
| Coefficient Of Variation | 787.75 | |||
| Standard Deviation | 2.63 | |||
| Variance | 6.92 | |||
| Information Ratio | 0.1024 | |||
| Jensen Alpha | 0.2913 | |||
| Total Risk Alpha | 0.129 | |||
| Sortino Ratio | 0.1121 | |||
| Treynor Ratio | 0.54 | |||
| Maximum Drawdown | 9.82 | |||
| Value At Risk | (4.31) | |||
| Potential Upside | 4.39 | |||
| Downside Variance | 5.78 | |||
| Semi Variance | 4.78 | |||
| Expected Short fall | (2.74) | |||
| Skewness | (0.02) | |||
| Kurtosis | (0.84) |
Major Drilling Group Backtested Returns
Major Drilling appears to be not too volatile, given 3 months investment horizon. Major Drilling Group has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Major Drilling, which you can use to evaluate the volatility of the firm. Please exercise Major Drilling's Risk Adjusted Performance of 0.1006, downside deviation of 2.4, and Mean Deviation of 2.19 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Major Drilling holds a performance score of 14. The company secures a Beta (Market Risk) of 0.6, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Major Drilling's returns are expected to increase less than the market. However, during the bear market, the loss of holding Major Drilling is expected to be smaller as well. Please check Major Drilling's jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to make a quick decision on whether Major Drilling's current price movements will revert.
Auto-correlation | 0.69 |
Good predictability
Major Drilling Group has good predictability. Overlapping area represents the amount of predictability between Major Drilling time series from 7th of November 2025 to 22nd of December 2025 and 22nd of December 2025 to 5th of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Major Drilling Group price movement. The serial correlation of 0.69 indicates that around 69.0% of current Major Drilling price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.82 |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Major Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
|
Based on the recorded statements, Major Drilling Group reported net income of 37.3 M. This is 409.94% lower than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The net income for all Canada stocks is 93.47% higher than that of the company.
Major Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Major Drilling's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Major Drilling could also be used in its relative valuation, which is a method of valuing Major Drilling by comparing valuation metrics of similar companies.Major Drilling is currently under evaluation in net income category among its peers.
Major Fundamentals
| Return On Equity | 0.0292 | ||||
| Return On Asset | 0.0277 | ||||
| Profit Margin | 0.02 % | ||||
| Operating Margin | 0.08 % | ||||
| Current Valuation | 1.19 B | ||||
| Shares Outstanding | 82.05 M | ||||
| Shares Owned By Insiders | 0.23 % | ||||
| Shares Owned By Institutions | 34.27 % | ||||
| Number Of Shares Shorted | 1.37 M | ||||
| Price To Book | 2.23 X | ||||
| Price To Sales | 1.51 X | ||||
| Revenue | 727.58 M | ||||
| Gross Profit | 135.11 M | ||||
| EBITDA | 102.54 M | ||||
| Net Income | 37.3 M | ||||
| Cash And Equivalents | 29.07 M | ||||
| Cash Per Share | 0.36 X | ||||
| Total Debt | 37.13 M | ||||
| Debt To Equity | 0.12 % | ||||
| Current Ratio | 3.62 X | ||||
| Book Value Per Share | 6.80 X | ||||
| Cash Flow From Operations | 100.92 M | ||||
| Short Ratio | 8.67 X | ||||
| Earnings Per Share | 0.19 X | ||||
| Price To Earnings To Growth | (10.15) X | ||||
| Target Price | 16.8 | ||||
| Beta | 1.25 | ||||
| Market Capitalization | 1.23 B | ||||
| Total Asset | 718.74 M | ||||
| Retained Earnings | 177.69 M | ||||
| Working Capital | 193.95 M | ||||
| Current Asset | 190.67 M | ||||
| Current Liabilities | 44.22 M | ||||
| Five Year Return | 1.63 % | ||||
| Net Asset | 718.74 M |
About Major Drilling Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Major Drilling Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Major Drilling using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Major Drilling Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Major Drilling
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Major Drilling position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Major Drilling will appreciate offsetting losses from the drop in the long position's value.Moving together with Major Stock
| 0.95 | AG | First Majestic Silver | PairCorr |
| 0.92 | IE | Ivanhoe Energy | PairCorr |
| 0.95 | ORE | Orezone Gold Corp | PairCorr |
| 0.87 | FDY | Faraday Copper Corp | PairCorr |
Moving against Major Stock
| 0.78 | CSU | Constellation Software | PairCorr |
| 0.63 | IFC | Intact Financial Earnings Call This Week | PairCorr |
| 0.33 | CLS | Celestica | PairCorr |
The ability to find closely correlated positions to Major Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Major Drilling when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Major Drilling - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Major Drilling Group to buy it.
The correlation of Major Drilling is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Major Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Major Drilling Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Major Drilling can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Major Stock
Major Drilling financial ratios help investors to determine whether Major Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Major with respect to the benefits of owning Major Drilling security.