MIDI (MTSE:MDI) - Share price, News & Analysis

MDI fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	3/6
Financial Health	3/6
Dividends	0/6

MDI Stock Overview

MIDI p.l.c. develops real estate projects in Malta.

Rewards

Became profitable this year

Risk Analysis

Interest payments are not well covered by earnings

Shares are highly illiquid

Does not have a meaningful market cap (€81M)

MIDI Competitors

Price History & Performance

Summary of all time highs, changes and price drops for MIDI
Historical stock prices
Current Share Price	€0.38
52 Week High	€0.43
52 Week Low	€0.31
Beta	0.20
1 Month Change	0%
3 Month Change	n/a
1 Year Change	5.56%
3 Year Change	-35.59%
5 Year Change	18.75%
Change since IPO	-15.56%

Recent News & Updates

Sep 24

Is MIDI (MTSE:MDI) Using Too Much Debt?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

May 14

Is MIDI (MTSE:MDI) Using Debt In A Risky Way?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Feb 22

Is MIDI p.l.c.'s (MTSE:MDI) Latest Stock Performance A Reflection Of Its Financial Health?

MIDI (MTSE:MDI) has had a great run on the share market with its stock up by a significant 8.8% over the last month...

Shareholder Returns

	MDI	MT Real Estate	MT Market
7D	0%	0.1%	-1.9%
1Y	5.6%	-6.1%	-5.8%

Return vs Industry: MDI exceeded the MT Real Estate industry which returned -6.1% over the past year.

Return vs Market: MDI exceeded the MT Market which returned -5.8% over the past year.

Price Volatility

Is MDI's price volatile compared to industry and market?
MDI volatility
MDI Average Weekly Movement	n/a
Real Estate Industry Average Movement	5.1%
Market Average Movement	6.5%
10% most volatile stocks in MT Market	11.9%
10% least volatile stocks in MT Market	3.6%

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

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

About the Company

Founded	Employees	CEO	Website
1992	35	Mark Portelli	https://www.midimalta.com

MIDI p.l.c. develops real estate projects in Malta. The company operates through two segments, Development and Sale of Property, and Property Rental and Management. The Development and Sale of Property segment constructs and sells residential units within Tigné Point and Manoel Island projects.

MIDI Fundamentals Summary

How do MIDI's earnings and revenue compare to its market cap?
MDI fundamental statistics
Market Cap	€81.38m
Earnings (TTM)	€557.62k
Revenue (TTM)	€9.42m

146.2x

P/E Ratio

8.6x

P/S Ratio

Is MDI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
MDI income statement (TTM)
Revenue	€9.42m
Cost of Revenue	€5.05m
Gross Profit	€4.37m
Other Expenses	€3.81m
Earnings	€557.62k

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.0026
Gross Margin	46.35%
Net Profit Margin	5.92%
Debt/Equity Ratio	58.2%

How did MDI perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

146.15x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MDI's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate MDI's fair value for valuation analysis.

Price To Earnings Ratio

PE vs Industry: MDI is poor value based on its PE Ratio (146.2x) compared to the MT Real Estate industry average (36.5x).

PE vs Market: MDI is poor value based on its PE Ratio (146.2x) compared to the MT market (24.8x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: MDI's PB Ratio (0.8x) is in line with the MT Real Estate industry average.

Future Growth

How is MIDI 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

-10.6%

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 MIDI 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 MIDI performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-26.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MDI has high quality earnings.

Growing Profit Margin: MDI became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: MDI has become profitable over the past 5 years, growing earnings by -26.5% per year.

Accelerating Growth: MDI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MDI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (-0.1%).

Return on Equity

High ROE: MDI's Return on Equity (0.5%) is considered low.

Financial Health

How is MIDI's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: MDI's short term assets (€142.7M) exceed its short term liabilities (€51.2M).

Long Term Liabilities: MDI's short term assets (€142.7M) exceed its long term liabilities (€72.1M).

Debt to Equity History and Analysis

Debt Level: MDI's net debt to equity ratio (48.7%) is considered high.

Reducing Debt: MDI's debt to equity ratio has reduced from 89.8% to 58.2% over the past 5 years.

Debt Coverage: MDI's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: MDI's interest payments on its debt are not well covered by EBIT (0.8x coverage).

Balance Sheet

Dividend

What is MIDI 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 MDI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

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

Earnings Payout to Shareholders

Earnings Coverage: MDI is not paying a notable dividend for the MT market.

Cash Payout to Shareholders

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

Next Steps

Explore strong dividend paying companies in the Real Estate industry.

Management

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

6.7yrs

Average board tenure

CEO

Mark Portelli

4.67yrs

Tenure

Mr. Mark Portelli has been Chief Executive Officer of MIDI p.l.c. since September 1, 2017 and serves as its Executive Director and Managing Director since October 05, 2020. Mr. Portelli served as a Non-Exe...

Board Members

Experienced Board: MDI's board of directors are considered experienced (6.7 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/14 00:00
End of Day Share Price	2022/03/10 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31