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MMS

MAPFRE Middlesea MTSE:MMS Stock Report

Last Price

€1.98

Market Cap

€182.2m

7D

5.3%

1Y

n/a

Updated

20 May, 2022

Data

Company Financials
MMS fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends3/6

MMS Stock Overview

MAPFRE Middlesea p.l.c. provides insurance services to individuals and businesses in Malta.

MAPFRE Middlesea Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for MAPFRE Middlesea
Historical stock prices
Current Share Price€1.98
52 Week High€2.40
52 Week Low€1.75
Beta-0.0060
1 Month Change-1.00%
3 Month Change-10.00%
1 Year Changen/a
3 Year Change-12.39%
5 Year Change1.49%
Change since IPO31.38%

Recent News & Updates

Shareholder Returns

MMSMT InsuranceMT Market
7D5.3%-1.0%0.9%
1Yn/a-5.0%-6.6%

Return vs Industry: Insufficient data to determine how MMS performed against the MT Insurance industry.

Return vs Market: Insufficient data to determine how MMS performed against the MT Market.

Price Volatility

Is MMS's price volatile compared to industry and market?
MMS volatility
MMS Average Weekly Movementn/a
Insurance Industry Average Movement5.0%
Market Average Movement6.5%
10% most volatile stocks in MT Market12.0%
10% least volatile stocks in MT Market3.6%

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

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

About the Company

FoundedEmployeesCEOWebsite
n/a279Javier Gonzálezhttps://www.middlesea.com

MAPFRE Middlesea p.l.c. provides insurance services to individuals and businesses in Malta. It operates in two segments, General Business and Long-Term Business. The company offers motor, home, travel, health, boat, wedding, pet, and other insurance products.

MAPFRE Middlesea Fundamentals Summary

How do MAPFRE Middlesea's earnings and revenue compare to its market cap?
MMS fundamental statistics
Market Cap€182.16m
Earnings (TTM)€9.12m
Revenue (TTM)€389.07m

20.0x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MMS income statement (TTM)
Revenue€389.07m
Cost of Revenue€265.70m
Gross Profit€123.37m
Other Expenses€114.25m
Earnings€9.12m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)0.099
Gross Margin31.71%
Net Profit Margin2.34%
Debt/Equity Ratio0%

How did MMS perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

53%

Payout Ratio

Valuation

Is MAPFRE Middlesea undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


19.97x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: MMS (€1.98) is trading above our estimate of fair value (€1.65)

Significantly Below Fair Value: MMS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MMS is poor value based on its PE Ratio (20x) compared to the European Insurance industry average (10.8x).

PE vs Market: MMS is good value based on its PE Ratio (20x) compared to the MT market (21.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MMS is overvalued based on its PB Ratio (1.8x) compared to the XE Insurance industry average (1x).


Future Growth

How is MAPFRE Middlesea 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


9.5%

Forecasted Insurance 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 MAPFRE Middlesea 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 MAPFRE Middlesea performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-5.3%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: MMS has high quality earnings.

Growing Profit Margin: MMS's current net profit margins (2.3%) are higher than last year (1.7%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if MMS's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: MMS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MMS had negative earnings growth (-5.3%) over the past year, making it difficult to compare to the Insurance industry average (19.6%).


Return on Equity

High ROE: MMS's Return on Equity (7.9%) is considered low.


Financial Health

How is MAPFRE Middlesea's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MMS's short term assets (€2.2B) exceed its short term liabilities (€102.1M).

Long Term Liabilities: MMS's short term assets (€2.2B) do not cover its long term liabilities (€2.4B).


Debt to Equity History and Analysis

Debt Level: MMS is debt free.

Reducing Debt: MMS has not had any debt for past 5 years.

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

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


Balance Sheet


Dividend

What is MAPFRE Middlesea current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.65%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MMS's dividend (2.65%) is higher than the bottom 25% of dividend payers in the MT market (2.44%).

High Dividend: MMS's dividend (2.65%) is low compared to the top 25% of dividend payers in the MT market (5.63%).


Stability and Growth of Payments

Stable Dividend: MMS's dividend payments have been volatile in the past 10 years.

Growing Dividend: MMS's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (52.9%), MMS's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Insufficient data to calculate cash payout ratio to determine if its dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

1.7yrs

Average management tenure


CEO

Javier González

1.08yrs

Tenure

Mr. Javier Moreno González serves as Chief Executive Officer of MAPFRE Middlesea (Malta) at MAPFRE SA since April 1, 2021. He serves as the President, Chief Executive Officer and Director of MAPFRE Middles...


Leadership Team

Experienced Management: MMS's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: MMS's board of directors are not considered experienced ( 3 years average tenure), which suggests a new board.


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

MAPFRE Middlesea p.l.c.'s employee growth, exchange listings and data sources


Key Information

  • Name: MAPFRE Middlesea p.l.c.
  • Ticker: MMS
  • Exchange: MTSE
  • Founded: NaN
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Implied Market Cap: €182.160m
  • Shares outstanding: 92.00m
  • Website: https://www.middlesea.com

Number of Employees


Location

  • MAPFRE Middlesea p.l.c.
  • Middle Sea House
  • Floriana
  • FRN 1442
  • Malta

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/20 00:00
End of Day Share Price2022/05/17 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.