Midland Holdings Future Growth

Future criteria checks 2/6

Midland Holdings is forecast to grow earnings and revenue by 21% and 1.2% per annum respectively. EPS is expected to grow by 21.5% per annum. Return on equity is forecast to be 19.3% in 3 years.

Key information

21.0%

Earnings growth rate

21.5%

EPS growth rate

Real Estate earnings growth	96.6%
Revenue growth rate	1.2%
Future return on equity	19.3%
Analyst coverage	Low
Last updated	10 Apr 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

DB:MTK - Analysts future estimates and past financials data (HKD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	5,075	200	N/A	170	1
12/31/2025	4,962	196	N/A	165	1
12/31/2024	4,697	182	N/A	188	1
6/30/2024	5,054	93	386	398	N/A
3/31/2024	4,572	26	455	471	N/A
12/31/2023	4,090	-42	523	544	N/A
9/30/2023	3,928	-152	349	378	N/A
6/30/2023	3,765	-263	175	213	N/A
3/31/2023	3,445	-398	89	136	N/A
12/31/2022	3,126	-534	2	59	N/A
9/30/2022	3,703	-421	216	277	N/A
6/30/2022	4,281	-308	431	494	N/A
3/31/2022	5,147	-104	558	622	N/A
12/31/2021	6,013	100	685	750	N/A
9/30/2021	5,990	216	720	787	N/A
6/30/2021	5,968	333	755	824	N/A
3/31/2021	5,478	232	681	745	N/A
12/31/2020	4,988	132	606	666	N/A
9/30/2020	4,723	-28	520	582	N/A
6/30/2020	4,459	-187	434	498	N/A
3/31/2020	4,673	-128	509	573	N/A
12/31/2019	4,888	-69	583	648	N/A
9/30/2019	4,998	-34	375	436	N/A
6/30/2019	5,107	1	167	225	N/A
3/31/2019	5,061	30	43	99	N/A
12/31/2018	5,014	58	-81	-27	N/A
9/30/2018	5,168	143	-2	51	N/A
6/30/2018	5,323	228	78	130	N/A
3/31/2018	5,310	211	N/A	197	N/A
12/31/2017	5,298	193	N/A	263	N/A
9/30/2017	5,525	227	N/A	345	N/A
6/30/2017	5,751	261	N/A	427	N/A
3/31/2017	5,414	136	N/A	192	N/A
12/31/2016	5,076	11	N/A	-44	N/A
9/30/2016	4,463	-128	N/A	-183	N/A
6/30/2016	3,850	-266	N/A	-322	N/A
3/31/2016	3,880	-183	N/A	-180	N/A
12/31/2015	3,910	-99	N/A	-38	N/A
9/30/2015	4,164	16	N/A	191	N/A
6/30/2015	4,417	132	N/A	419	N/A
3/31/2015	4,270	98	N/A	380	N/A
12/31/2014	4,123	64	N/A	341	N/A
9/30/2014	3,808	-40	N/A	119	N/A
6/30/2014	3,494	-145	N/A	-103	N/A
3/31/2014	3,421	-174	N/A	-135	N/A
12/31/2013	3,348	-204	N/A	-168	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MTK's forecast earnings growth (21% per year) is above the savings rate (1%).

Earnings vs Market: MTK's earnings (21% per year) are forecast to grow slower than the German market (21.1% per year).

High Growth Earnings: MTK's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MTK's revenue (1.2% per year) is forecast to grow slower than the German market (5.6% per year).

High Growth Revenue: MTK's revenue (1.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MTK's Return on Equity is forecast to be low in 3 years time (19.3%).

Midland Holdings Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Midland Holdings Limited Provides Earnings Guidance for the Year Ending 31 December 2023

Midland Holdings Limited Provides Earnings Guidance for the Year Ending 31 December 2022

Midland Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ending June 30, 2021

Recent updates

First half 2024 earnings released: EPS: HK$0.24 (vs HK$0.054 in 1H 2023)

New minor risk - Share price stability

First half 2024 earnings released: EPS: HK$0.24 (vs HK$0.054 in 1H 2023)

Midland Holdings Limited to Report First Half, 2024 Results on Aug 27, 2024

Midland Holdings Limited, Annual General Meeting, Jun 21, 2024

New major risk - Revenue and earnings growth

Full year 2023 earnings released: HK$0.058 loss per share (vs HK$0.74 loss in FY 2022)

Midland Holdings Limited to Report Fiscal Year 2023 Results on Mar 26, 2024

Now 33% overvalued after recent price rise

Midland Holdings Limited Provides Earnings Guidance for the Year Ending 31 December 2023

Midland Holdings Limited Announces the Resignation of Cheung Kam Shing as an Executive Director and A Member of the Executive Committee

Midland Holdings Limited Announces Board Changes

First half 2023 earnings released: EPS: HK$0.054 (vs HK$0.32 loss in 1H 2022)

First half 2023 earnings released: EPS: HK$0.054 (vs HK$0.32 loss in 1H 2022)

New minor risk - Share price stability

Midland Holdings Limited to Report First Half, 2023 Results on Aug 30, 2023

Full year 2022 earnings released: HK$0.74 loss per share (vs HK$0.14 profit in FY 2021)

Insider recently bought €100k worth of stock

Midland Holdings Limited Provides Earnings Guidance for the Year Ending 31 December 2022

Less than half of directors are independent

Midland Holdings Limited Announces the Re-Designation of Wong Ching Yi, Angela from the Deputy Chairman and the Managing Director, as Joint Chairman

First half 2022 earnings released: HK$0.32 loss per share (vs HK$0.25 profit in 1H 2021)

Midland Holdings Limited to Report First Half, 2022 Results on Aug 30, 2022

Less than half of directors are independent

Full year 2021 earnings released: EPS: HK$0.14 (vs HK$0.18 in FY 2020)

First half 2021 earnings released: EPS HK$0.25 (vs HK$0.034 loss in 1H 2020)

First half 2021 earnings released: EPS HK$0.25 (vs HK$0.034 loss in 1H 2020)

Midland Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ending June 30, 2021

Full year 2020 earnings released: EPS HK$0.18 (vs HK$0.096 loss in FY 2019)

First half earnings released

First half earnings released

Midland Holdings Limited to Report First Half, 2020 Results on Aug 28, 2020

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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