Malta International Airport Valuation

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

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: MIA (€5.9) is trading below our estimate of fair value (€8.51)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MIA?

Key metric: As MIA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MIA. This is calculated by dividing MIA's market cap by their current earnings.
What is MIA's PE Ratio?
PE Ratio	17.8x
Earnings	€44.87m
Market Cap	€798.27m

MIA 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/Revenue	6.1x
Enterprise Value/EBITDA	9.9x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MIA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	68x
600897 Xiamen International AirportLtd	13.4x	13.7%	CN¥6.1b
SAV Samart Aviation Solutions	35.9x	13.9%	฿14.5b
002023 Sichuan Haite High-techLtd	106.2x	27.4%	CN¥8.0b
300424 Guangzhou Hangxin Aviation Technology	116.8x	n/a	CN¥4.2b
MIA Malta International Airport	17.8x	n/a	€798.3m

Price-To-Earnings vs Peers: MIA is good value based on its Price-To-Earnings Ratio (17.8x) compared to the peer average (68x).

Price to Earnings Ratio vs Industry

How does MIA's PE Ratio compare vs other companies in the European Infrastructure Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: MIA is expensive based on its Price-To-Earnings Ratio (17.8x) compared to the European Infrastructure industry average (15x).

Price to Earnings Ratio vs Fair Ratio

What is MIA'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.

MIA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	17.8x
Fair PE Ratio	n/a

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

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.