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MSC

Main Street Complex MTSE:MSC Stock Report

Last Price

€0.40

Market Cap

€7.8m

7D

0%

1Y

n/a

Updated

29 Jun, 2022

Data

Company Financials
MSC fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends1/6

MSC Stock Overview

Main Street Complex p.l.c. owns, manages, and operates Main Street Shopping Complex located in Paola, Malta.

Main Street Complex Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Main Street Complex
Historical stock prices
Current Share Price€0.40
52 Week High€0.48
52 Week Low€0.35
Beta0.26
1 Month Changen/a
3 Month Changen/a
1 Year Changen/a
3 Year Change-37.01%
5 Year Changen/a
Change since IPO-42.86%

Recent News & Updates

Shareholder Returns

MSCMT Real EstateMT Market
7D0%-1.7%-0.4%
1Yn/a-8.6%-7.5%

Return vs Industry: Insufficient data to determine how MSC performed against the MT Real Estate industry.

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

Price Volatility

Is MSC's price volatile compared to industry and market?
MSC volatility
MSC Average Weekly Movementn/a
Real Estate Industry Average Movement4.9%
Market Average Movement5.5%
10% most volatile stocks in MT Market10.3%
10% least volatile stocks in MT Market3.0%

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

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

About the Company

FoundedEmployeesCEOWebsite
2004n/aBettina Azzopardihttps://www.mainstreetcomplex.com

Main Street Complex p.l.c. owns, manages, and operates Main Street Shopping Complex located in Paola, Malta. The company grants concessions of outlets or spaces in Main Street Complex, a shopping and entertainment mall. It operates shops under the Debenhams, Pull & Bear, Pimkie, Peacocks, Accessorize, Sterling Jewellers, and other brands.

Main Street Complex Fundamentals Summary

How do Main Street Complex's earnings and revenue compare to its market cap?
MSC fundamental statistics
Market Cap€7.75m
Earnings (TTM)€133.33k
Revenue (TTM)€526.27k

58.2x

P/E Ratio

14.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MSC income statement (TTM)
Revenue€526.27k
Cost of Revenue€79.75k
Gross Profit€446.52k
Other Expenses€313.20k
Earnings€133.33k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0069
Gross Margin84.85%
Net Profit Margin25.33%
Debt/Equity Ratio0.0%

How did MSC perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

n/a

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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 MSC?

Other financial metrics that can be useful for relative valuation.

MSC 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/Revenue14.2x
Enterprise Value/EBITDA23.4x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does MSC's PE Ratio compare to its peers?

MSC PE Ratio vs Peers
The above table shows the PE ratio for MSC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average22.5x
PZC Plaza Centres
40.1xn/a€20.9m
TML Tigné Mall
19.5xn/a€36.7m
VBL VBL
11.4xn/a€66.0m
MPC Malta Properties
19.1xn/a€50.7m
MSC Main Street Complex
58.2xn/a€7.8m

Price-To-Earnings vs Peers: MSC is expensive based on its Price-To-Earnings Ratio (58.2x) compared to the peer average (22.5x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: MSC is expensive based on its Price-To-Earnings Ratio (58.2x) compared to the MT Real Estate industry average (35.3x)


Price to Earnings Ratio vs Fair Ratio

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

MSC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio58.2x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: MSC (€0.4) is trading above our estimate of fair value (€0.17)

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


Price to Earnings Growth Ratio

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


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Future Growth

How is Main Street Complex 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 Main Street Complex 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 Main Street Complex's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.

Past Performance

How has Main Street Complex performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-11.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MSC has high quality earnings.

Growing Profit Margin: MSC's current net profit margins (25.3%) are lower than last year (40.7%).


Past Earnings Growth Analysis

Earnings Trend: MSC's earnings have declined by 11.2% per year over the past 5 years.

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

Earnings vs Industry: MSC had negative earnings growth (-48.8%) over the past year, making it difficult to compare to the Real Estate industry average (-15.8%).


Return on Equity

High ROE: MSC's Return on Equity (1.1%) is considered low.


Discover strong past performing companies

Financial Health

How is Main Street Complex'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: MSC's short term assets (€399.3K) exceed its short term liabilities (€197.0K).

Long Term Liabilities: MSC's short term assets (€399.3K) do not cover its long term liabilities (€1.3M).


Debt to Equity History and Analysis

Debt Level: MSC is debt free.

Reducing Debt: MSC has no debt compared to 5 years ago when its debt to equity ratio was 72.2%.

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

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


Balance Sheet


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Dividend

What is Main Street Complex current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.11%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MSC's dividend (3.11%) is higher than the bottom 25% of dividend payers in the MT market (2.87%).

High Dividend: MSC's dividend (3.11%) is low compared to the top 25% of dividend payers in the MT market (5.36%).


Stability and Growth of Payments

Stable Dividend: MSC has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: MSC has only been paying a dividend for 4 years, and since then payments have fallen.


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: 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?

9.4yrs

Average management tenure


CEO

Bettina Azzopardi

no data

Tenure

Ms. Bettina Azzopardi serves as Chief Executive Officer of Main Street Complex p.l.c. He serves as the Managing Director and Chief Executive Officer of Embassy Limited. Ms. Azzopardi is responsible for the...


Leadership Team

Experienced Management: MSC's management team is seasoned and experienced (9.4 years average tenure).


Board Members

Experienced Board: MSC's board of directors are considered experienced (4.2 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

Main Street Complex p.l.c.'s employee growth, exchange listings and data sources


Key Information

  • Name: Main Street Complex p.l.c.
  • Ticker: MSC
  • Exchange: MTSE
  • Founded: 2004
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Implied Market Cap: €7.754m
  • Shares outstanding: 19.38m
  • Website: https://www.mainstreetcomplex.com

Location

  • Main Street Complex p.l.c.
  • Antoine De Paule Square
  • Paola
  • 1262
  • Malta

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 Price2022/06/28 00:00
Earnings2021/06/30
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.