TSXV:MPT

Stock Analysis Report

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Executive Summary

Midpoint Holdings Ltd., a Web-based enterprise, engages in the peer to peer foreign exchange business in Canada. More Details


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

How has Midpoint Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: Insufficient data to determine MPT's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine MPT's volatility change over the past year.


Market Performance


7 Day Return

-25.5%

MPT

-2.4%

CA Consumer Finance

0.5%

CA Market


1 Year Return

58.3%

MPT

14.3%

CA Consumer Finance

-0.8%

CA Market

Return vs Industry: MPT exceeded the Canadian Consumer Finance industry which returned 19.2% over the past year.

Return vs Market: MPT exceeded the Canadian Market which returned 0.5% over the past year.


Shareholder returns

MPTIndustryMarket
7 Day-25.5%-2.4%0.5%
30 Day-5.0%19.8%11.2%
90 Day-25.5%21.0%5.6%
1 Year58.3%58.3%17.5%14.3%2.8%-0.8%
3 Year-73.6%-73.6%82.0%73.3%11.2%0.3%
5 Year-67.2%-67.2%171.9%149.0%50.3%27.2%

Long-Term Price Volatility Vs. Market

How volatile is Midpoint Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Midpoint Holdings undervalued compared to its fair value and its price relative to the market?

13.96x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MPT's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MPT's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MPT is unprofitable, so we can't compare its PE Ratio to the XN Consumer Finance industry average.

PE vs Market: MPT is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MPT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MPT is overvalued based on its PB Ratio (14x) compared to the CA Consumer Finance industry average (0.9x).


Next Steps

Future Growth

How is Midpoint Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

40.0%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Midpoint Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Midpoint Holdings performed over the past 5 years?

8.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MPT is currently unprofitable.

Growing Profit Margin: MPT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MPT is unprofitable, but has reduced losses over the past 5 years at a rate of 8.8% per year.

Accelerating Growth: Unable to compare MPT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MPT is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Finance industry (-18.2%).


Return on Equity

High ROE: MPT has a negative Return on Equity (-218.23%), as it is currently unprofitable.


Next Steps

Financial Health

How is Midpoint Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: MPT's short term assets (CA$772.6K) exceed its short term liabilities (CA$283.7K).

Long Term Liabilities: MPT has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: MPT is debt free.

Reducing Debt: MPT had no debt 5 years ago.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MPT has sufficient cash runway for 9 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: MPT is forecast to have sufficient cash runway for 7 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is Midpoint Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MPT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MPT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MPT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MPT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MPT's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.0yrs

Average management tenure


CEO

David Wong

5yrs

Tenure

Mr. Shee Hau Wong, also known as David, CMgr, CAIA, CMT, FCMI has been the President and Chief Executive Officer of Midpoint Holdings Ltd. since November 27, 2015. Mr. Wong serves as the Managing Director ...


Leadership Team

NamePositionTenureCompensationOwnership
Shee Wong
Chairman5yrsno data5.48%
CA$ 409.5k
Corbin Comishin
CFO, Corporate Secretary & Director6.5yrsCA$40.75k3.37%
CA$ 251.7k
Andrew Jones
Chief Operating Officer2.75yrsno datano data

5.0yrs

Average Tenure

Experienced Management: MPT's management team is seasoned and experienced (5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Shee Wong
Chairman5yrsno data5.48%
CA$ 409.5k
Corbin Comishin
CFO, Corporate Secretary & Director6.5yrsCA$40.75k3.37%
CA$ 251.7k
Georg Hochwimmer
Independent Director0.083yrno data0.060%
CA$ 4.5k
Michael Hampson
Independent Director6.5yrsCA$45.40k3.11%
CA$ 232.4k
Derek Lloyd Ivany
Chairman of the Advisory Board0.75yrno datano data
John D'Agostino
Independent Director2.58yrsno data0.0033%
CA$ 247.3

3.6yrs

Average Tenure

Experienced Board: MPT's board of directors are considered experienced (3.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 59.8%.


Top Shareholders

Company Information

Midpoint Holdings Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Midpoint Holdings Ltd.
  • Ticker: MPT
  • Exchange: TSXV
  • Founded: 2010
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: CA$7.470m
  • Shares outstanding: 41.50m
  • Website: https://www.midpoint.com

Location

  • Midpoint Holdings Ltd.
  • 505 Kootenay Street
  • Nelson
  • British Columbia
  • V1L 1K9
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MPTTSXV (TSX Venture Exchange)YesCommon StockCACADApr 2013
8MH1DB (Deutsche Boerse AG)YesCommon StockDEEURApr 2013

Biography

Midpoint Holdings Ltd., a Web-based enterprise, engages in the peer to peer foreign exchange business in Canada. It operates a peer-to-peer foreign exchange matching platform that matches buyers and seller...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/01 00:48
End of Day Share Price2020/11/30 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.