Midway Valuation

Is MWY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MWY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MWY (A$1.25) is trading below our estimate of fair value (A$4.09)

Significantly Below Fair Value: MWY is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MWY?

Key metric: As MWY is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MWY. This is calculated by dividing MWY's market cap by their current earnings.
What is MWY's PE Ratio?
PE Ratio	126.7x
Earnings	AU$858.00k
Market Cap	AU$108.73m

MWY key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.4x
Enterprise Value/EBITDA	15.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does MWY's PE Ratio compare to its peers?

The above table shows the PE ratio for MWY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	12.1x
BRI Big River Industries	14.1x	23.8%	AU$114.4m
PTN Patronus Resources	2.3x	n/a	AU$101.5m
RND Rand Mining	13.5x	n/a	AU$96.7m
AR1 Austral Resources Australia	18.4x	n/a	AU$84.3m
MWY Midway	126.7x	n/a	AU$108.7m

Price-To-Earnings vs Peers: MWY is expensive based on its Price-To-Earnings Ratio (126.7x) compared to the peer average (12.1x).

Price to Earnings Ratio vs Industry

How does MWY's PE Ratio compare vs other companies in the Global Forestry Industry?

9 Companies	Price / Earnings	Estimated Growth	Market Cap

9 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: MWY is expensive based on its Price-To-Earnings Ratio (126.7x) compared to the Global Forestry industry average (16x).

Price to Earnings Ratio vs Fair Ratio

What is MWY's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MWY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	126.7x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MWY's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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