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MLD

MirLand Development TASE:MLD Stock Report

Last Price

₪0.27

Market Cap

₪2.6m

7D

4.6%

1Y

-64.2%

Updated

29 Jun, 2022

Data

Company Financials
MLD fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

MLD Stock Overview

MirLand Development Corporation Plc acquires, invests in, develops, constructs, leases, and sells commercial and residential real estate properties in Russia.

MirLand Development Competitors

Price History & Performance

Summary of all time highs, changes and price drops for MirLand Development
Historical stock prices
Current Share Price₪0.27
52 Week High₪0.95
52 Week Low₪0.23
Beta2.22
1 Month Change0.74%
3 Month Change-16.31%
1 Year Change-64.21%
3 Year Change-92.05%
5 Year Change-98.90%
Change since IPO-98.30%

Recent News & Updates

Shareholder Returns

MLDIL Real EstateIL Market
7D4.6%0.9%1.6%
1Y-64.2%8.7%9.5%

Return vs Industry: MLD underperformed the IL Real Estate industry which returned 8.6% over the past year.

Return vs Market: MLD underperformed the IL Market which returned 9.5% over the past year.

Price Volatility

Is MLD's price volatile compared to industry and market?
MLD volatility
MLD Average Weekly Movement11.4%
Real Estate Industry Average Movement6.2%
Market Average Movement5.6%
10% most volatile stocks in IL Market9.0%
10% least volatile stocks in IL Market3.6%

Stable Share Price: MLD is more volatile than 90% of IL stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: MLD's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of IL stocks.

About the Company

FoundedEmployeesCEOWebsite
2004175Roman Rozentalhttps://www.mirland-development.com

MirLand Development Corporation Plc acquires, invests in, develops, constructs, leases, and sells commercial and residential real estate properties in Russia. Its projects portfolio consists of residential, office, retail, and logistics properties. The company was founded in 2004 and is headquartered in Limassol, Cyprus.

MirLand Development Fundamentals Summary

How do MirLand Development's earnings and revenue compare to its market cap?
MLD fundamental statistics
Market CapUS$741.55k
Earnings (TTM)-US$92.95m
Revenue (TTM)US$68.75m

0.0x

P/S Ratio

0.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MLD income statement (TTM)
RevenueUS$68.75m
Cost of RevenueUS$62.98m
Gross ProfitUS$5.77m
Other ExpensesUS$98.72m
Earnings-US$92.95m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-9.85
Gross Margin8.40%
Net Profit Margin-135.20%
Debt/Equity Ratio-292.7%

How did MLD perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

MLD 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/Revenue0.7x
Enterprise Value/EBITDA-7.2x
PEG Ration/a

Price to Sales Ratio vs Peers

How does MLD's PS Ratio compare to its peers?

MLD PS Ratio vs Peers
The above table shows the PS ratio for MLD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average9.2x
DCMA Decama Capital
10xn/a₪31.7m
POLY Polygon Real Estate
7.7xn/a₪176.4m
LEOF Lewinsky-Ofer
1.9xn/a₪176.8m
LODZ Lodzia Rotex Investment
17.1xn/a₪141.8m
MLD MirLand Development
0.01xn/a₪2.6m

Price-To-Sales vs Peers: MLD is good value based on its Price-To-Sales Ratio (0x) compared to the peer average (9.2x).


Price to Earnings Ratio vs Industry

How does MLD's PE Ratio compare vs other companies in the IL Real Estate Industry?

Price-To-Sales vs Industry: MLD is good value based on its Price-To-Sales Ratio (0x) compared to the IL Real Estate industry average (5.7x)


Price to Sales Ratio vs Fair Ratio

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

MLD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.01x
Fair PS Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: MLD (₪0.27) is trading below our estimate of fair value (₪14.04)

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


Price to Earnings Growth Ratio

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


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


12.7%

Forecasted Real Estate 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 MirLand Development 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.


Discover growth companies

  • Examine whether MirLand Development is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has MirLand Development performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-55.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MLD is currently unprofitable.

Growing Profit Margin: MLD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MLD is unprofitable, and losses have increased over the past 5 years at a rate of 55% per year.

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

Earnings vs Industry: MLD is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (139.6%).


Return on Equity

High ROE: MLD's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Discover strong past performing companies

Financial Health

How is MirLand Development's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: MLD has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: MLD has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: MLD has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: MLD's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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: Whilst unprofitable MLD has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: MLD is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 32.2% per year.


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Dividend

What is MirLand Development current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate MLD'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 MLD's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MLD has not reported any payouts.


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Management

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

10.8yrs

Average management tenure


CEO

Roman Rozental (54 yo)

11.5yrs

Tenure

US$554,651

Compensation

Mr. Roman Rozental has been Chief Executive Officer of MirLand Development Corporation Plc and served as its Director until January 21, 2019. Mr. Rozental Began his tenure in the MirLand Development Corpor...


CEO Compensation Analysis

Compensation vs Market: Roman's total compensation ($USD554.65K) is above average for companies of similar size in the IL market ($USD405.85K).

Compensation vs Earnings: Roman's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: MLD's management team is seasoned and experienced (10.8 years average tenure).


Board Members

Experienced Board: MLD's board of directors are considered experienced (5.2 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

MirLand Development Corporation Plc's employee growth, exchange listings and data sources


Key Information

  • Name: MirLand Development Corporation Plc
  • Ticker: MLD
  • Exchange: TASE
  • Founded: 2004
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Implied Market Cap: ₪2.566m
  • Shares outstanding: 9.43m
  • Website: https://www.mirland-development.com

Number of Employees


Location

  • MirLand Development Corporation Plc
  • Nicolaou Pentadromos Centre
  • Thessalonikis Street
  • Limassol
  • 3025
  • Cyprus

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.