company background image
MIA

Malta International Airport MTSE:MIA Stock Report

Last Price

€5.90

Market Cap

€798.3m

7D

1.7%

1Y

-7.8%

Updated

18 May, 2022

Data

Company Financials
MIA fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends0/6

MIA Stock Overview

Malta International Airport p.l.c. develops, operates, and manages the Malta International Airport.

Malta International Airport Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Malta International Airport
Historical stock prices
Current Share Price€5.90
52 Week High€6.50
52 Week Low€5.60
Beta0.46
1 Month Change0.86%
3 Month Change-2.48%
1 Year Change-7.81%
3 Year Change-25.79%
5 Year Change42.86%
Change since IPO614.25%

Recent News & Updates

Apr 28
Robust Earnings May Not Tell The Whole Story For Malta International Airport (MTSE:MIA)

Robust Earnings May Not Tell The Whole Story For Malta International Airport (MTSE:MIA)

Malta International Airport p.l.c.'s ( MTSE:MIA ) robust earnings report didn't manage to move the market for its...

Shareholder Returns

MIAMT InfrastructureMT Market
7D1.7%3.7%0.9%
1Y-7.8%10.5%-6.5%

Return vs Industry: MIA underperformed the MT Infrastructure industry which returned 8.4% over the past year.

Return vs Market: MIA underperformed the MT Market which returned -5.7% over the past year.

Price Volatility

Is MIA's price volatile compared to industry and market?
MIA volatility
MIA Average Weekly Movement3.9%
Infrastructure Industry Average Movement4.8%
Market Average Movement6.5%
10% most volatile stocks in MT Market12.0%
10% least volatile stocks in MT Market3.6%

Stable Share Price: MIA is less volatile than 75% of MT stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: MIA's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1991310Alan Borghttps://www.maltairport.com

Malta International Airport p.l.c. develops, operates, and manages the Malta International Airport. The company operates through Airport, Retail and Property, and Other segments. It provides regulated airport, aviation concessions, and persons with reduced mobility services; and operates and maintains terminals, runways, taxiways, and aircraft parks.

Malta International Airport Fundamentals Summary

How do Malta International Airport's earnings and revenue compare to its market cap?
MIA fundamental statistics
Market Cap€798.27m
Earnings (TTM)€6.97m
Revenue (TTM)€47.43m

114.5x

P/E Ratio

16.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MIA income statement (TTM)
Revenue€47.43m
Cost of Revenue€11.13m
Gross Profit€36.30m
Other Expenses€29.33m
Earnings€6.97m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.052
Gross Margin76.53%
Net Profit Margin14.70%
Debt/Equity Ratio0%

How did MIA perform over the long term?

See historical performance and comparison

Valuation

Is Malta International Airport 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


114.47x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: MIA is poor value based on its PE Ratio (114.5x) compared to the European Infrastructure industry average (12.6x).

PE vs Market: MIA is poor value based on its PE Ratio (114.5x) compared to the MT market (24.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MIA is overvalued based on its PB Ratio (6.1x) compared to the XE Infrastructure industry average (1.2x).


Future Growth

How is Malta International Airport 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


46.3%

Forecasted Transportation 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 Malta International Airport 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 Malta International Airport 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


-26.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MIA has a large one-off gain of €3.1M impacting its December 31 2021 financial results.

Growing Profit Margin: MIA became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MIA's earnings have declined by 26.5% per year over the past 5 years.

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

Earnings vs Industry: MIA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Infrastructure industry (32%).


Return on Equity

High ROE: MIA's Return on Equity (5.3%) is considered low.


Financial Health

How is Malta International Airport'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: MIA's short term assets (€49.5M) exceed its short term liabilities (€46.5M).

Long Term Liabilities: MIA's short term assets (€49.5M) do not cover its long term liabilities (€64.4M).


Debt to Equity History and Analysis

Debt Level: MIA is debt free.

Reducing Debt: MIA has no debt compared to 5 years ago when its debt to equity ratio was 54.4%.

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

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


Balance Sheet


Dividend

What is Malta International Airport 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 MIA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

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


Discover strong dividend paying companies

Management

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

4.1yrs

Average management tenure


CEO

Alan Borg

7.33yrs

Tenure

Mr. Alan Borg has been the Chief Executive Officer at Malta International Airport plc since January 21, 2015. Mr. Borg served as an Interim Chief Executive Officer of Malta International Airport plc from J...


Leadership Team

Experienced Management: MIA's management team is considered experienced (4.1 years average tenure).


Board Members

Experienced Board: MIA's board of directors are considered experienced (7.3 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

Malta International Airport p.l.c.'s employee growth, exchange listings and data sources


Key Information

  • Name: Malta International Airport p.l.c.
  • Ticker: MIA
  • Exchange: MTSE
  • Founded: 1991
  • Industry: Airport Services
  • Sector: Transportation
  • Implied Market Cap: €798.270m
  • Shares outstanding: 135.30m
  • Website: https://www.maltairport.com

Number of Employees


Location

  • Malta International Airport p.l.c.
  • Malta International Airport
  • Luqa
  • LQA 4000
  • Malta

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/18 00:00
End of Day Share Price2022/05/18 00:00
Earnings2021/12/31
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.