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MIDA

Al-Maidan Clinic for Oral Health Services Company K.S.C.PKWSE:MIDAN Stock Report

Market Cap

د.ك310.0m

7D

0%

1Y

1.6%

Updated

20 Oct, 2021

Data

Company Financials
MIDAN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends0/6

MIDAN Overview

Al-Maidan Clinic for Oral Health Services Company K.S.C.P.

Rewards

Trading at 26.5% below our estimate of its fair value

Earnings grew by 88.6% over the past year

Risk Analysis

No risks detected for MIDAN from our risk checks.

Al-Maidan Clinic for Oral Health Services Company K.S.C.P Competitors

STERIS

NYSE:STE

US$22.6b

Korian

ENXTPA:KORI

€3.0b

Mediclinic International

LSE:MDC

UK£2.5b

Raffles Medical Group

SGX:BSL

S$2.9b

Price History & Performance

Summary of all time highs, changes and price drops for Al-Maidan Clinic for Oral Health Services Company K.S.C.P
Historical stock prices
Current Share Priceد.ك1.24
52 Week Highد.ك1.20
52 Week Lowد.ك1.24
Beta0.022
1 Month Change0%
3 Month Change0%
1 Year Change1.64%
3 Year Change1.64%
5 Year Changen/a
Change since IPO74.65%

Recent News & Updates

Shareholder Returns

MIDANKW HealthcareKW Market
7D0%-1.9%1.4%
1Y1.6%0.9%23.7%

Return vs Industry: MIDAN matched the KW Healthcare industry which returned 0.9% over the past year.

Return vs Market: MIDAN underperformed the KW Market which returned 23.7% over the past year.

Price Volatility

Is MIDAN's price volatile compared to industry and market?
MIDAN volatility
MIDAN Beta0.022
Industry Beta0.61
Market Beta1

Stable Share Price: MIDAN is less volatile than 75% of KW stocks over the past 3 months, typically moving +/- 0% a week.

Volatility Over Time: MIDAN's weekly volatility (0%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1987n/aAnis Chebarohttps://www.maidangroup.com

Al-Maidan Clinic for Oral Health Services Company K.S.C.P. provides health care services in Kuwait. It operates in two segments, Clinics and Hospital. The Clinics segment operates clinics that provide services relating to oral health care, diagnosis, consultations, and treatment to outpatients with specialty in dental treatment.

Al-Maidan Clinic for Oral Health Services Company K.S.C.P Fundamentals Summary

How do Al-Maidan Clinic for Oral Health Services Company K.S.C.P's earnings and revenue compare to its market cap?
MIDAN fundamental statistics
Market Capد.ك309.98m
Earnings (TTM)د.ك9.81m
Revenue (TTM)د.ك67.77m

31.6x

P/E Ratio

4.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MIDAN income statement (TTM)
Revenueد.ك67.77m
Cost of Revenueد.ك43.07m
Gross Profitد.ك24.70m
Expensesد.ك14.88m
Earningsد.ك9.81m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.039
Gross Margin36.45%
Net Profit Margin14.48%
Debt/Equity Ratio0%

How did MIDAN perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

25%

Payout Ratio

Valuation

Is Al-Maidan Clinic for Oral Health Services Company K.S.C.P undervalued compared to its fair value and its price relative to the market?

26.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MIDAN (KWD1.24) is trading below our estimate of fair value (KWD1.69)

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


Price To Earnings Ratio

PE vs Industry: MIDAN is poor value based on its PE Ratio (31.6x) compared to the Asian Healthcare industry average (23.7x).

PE vs Market: MIDAN is poor value based on its PE Ratio (31.6x) compared to the KW market (19.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MIDAN is overvalued based on its PB Ratio (6.3x) compared to the XA Healthcare industry average (2.4x).


Future Growth

How is Al-Maidan Clinic for Oral Health Services Company K.S.C.P forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.1%

Forecasted Healthcare 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 Al-Maidan Clinic for Oral Health Services Company K.S.C.P 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.


Past Performance

How has Al-Maidan Clinic for Oral Health Services Company K.S.C.P performed over the past 5 years?

14.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MIDAN has high quality earnings.

Growing Profit Margin: MIDAN's current net profit margins (14.5%) are higher than last year (10.1%).


Past Earnings Growth Analysis

Earnings Trend: MIDAN's earnings have grown by 14.4% per year over the past 5 years.

Accelerating Growth: MIDAN's earnings growth over the past year (88.6%) exceeds its 5-year average (14.4% per year).

Earnings vs Industry: MIDAN earnings growth over the past year (88.6%) exceeded the Healthcare industry 34.7%.


Return on Equity

High ROE: MIDAN's Return on Equity (20%) is considered high.


Financial Health

How is Al-Maidan Clinic for Oral Health Services Company K.S.C.P's financial position?


Financial Position Analysis

Short Term Liabilities: MIDAN's short term assets (KWD58.7M) exceed its short term liabilities (KWD24.4M).

Long Term Liabilities: MIDAN's short term assets (KWD58.7M) exceed its long term liabilities (KWD3.9M).


Debt to Equity History and Analysis

Debt Level: MIDAN is debt free.

Reducing Debt: MIDAN has no debt compared to 5 years ago when its debt to equity ratio was 14.6%.

Debt Coverage: MIDAN has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MIDAN has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Al-Maidan Clinic for Oral Health Services Company K.S.C.P current dividend yield, its reliability and sustainability?

0.81%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MIDAN's dividend (0.81%) isn’t notable compared to the bottom 25% of dividend payers in the KW market (2.06%).

High Dividend: MIDAN's dividend (0.81%) is low compared to the top 25% of dividend payers in the KW market (5.44%).


Stability and Growth of Payments

Stable Dividend: MIDAN is not paying a notable dividend for the KW market, therefore no need to check if payments are stable.

Growing Dividend: MIDAN is not paying a notable dividend for the KW market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: MIDAN is not paying a notable dividend for the KW market.


Future Payout to Shareholders

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


Next Steps

Management

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


CEO

Anis Chebaro

no data

Tenure

Mr. Anis Adel Chebaro serves as the Chief Executive Officer and Director at Al-Maidan Dental Clinic Company (k.s.c.c.). Mr. Chebaro served as the Chief Dentist at Al-Maidan Dental Clinic Company (k.s.c.c.)...


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

Al-Maidan Clinic for Oral Health Services Company K.S.C.P.'s employee growth, exchange listings and data sources


Key Information

  • Name: Al-Maidan Clinic for Oral Health Services Company K.S.C.P.
  • Ticker: MIDAN
  • Exchange: KWSE
  • Founded: 1987
  • Industry: Health Care Services
  • Sector: Healthcare
  • Market Cap: د.ك309.981m
  • Shares outstanding: 249.98m
  • Website: https://www.maidangroup.com

Location

  • Al-Maidan Clinic for Oral Health Services Company K.S.C.P.
  • KBT Tower
  • Floor 32
  • Kuwait City
  • 15457
  • Kuwait

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 11:32
End of Day Share Price2021/10/19 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


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.