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MPIC

MPICOMAL:MPICO Stock Report

Market Cap

MK48.3b

7D

0%

1Y

-12.2%

Updated

24 Oct, 2021

Data

Company Financials
MPICO fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health4/6
Dividends0/6

MPICO Overview

MPICO plc engages in the ownership, development, rental, and management of commercial, residential, and industrial properties in Malawi.

Price History & Performance

Summary of all time highs, changes and price drops for MPICO
Historical stock prices
Current Share PriceMK21.00
52 Week HighMK0
52 Week LowMK0
Beta-0.43
1 Month Change0%
3 Month Change31.25%
1 Year Change-12.24%
3 Year Change7.69%
5 Year Change151.50%
Change since IPO600.00%

Recent News & Updates

Shareholder Returns

MPICOMW Real EstateMW Market
7D0%-0.7%-0.02%
1Y-12.2%28.9%26.5%

Return vs Industry: MPICO underperformed the MW Real Estate industry which returned 33.6% over the past year.

Return vs Market: MPICO underperformed the MW Market which returned 26.5% over the past year.

Price Volatility

Is MPICO's price volatile compared to industry and market?
MPICO volatility
MPICO Beta-0.43
Industry Beta0.82
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
197233Damien Kafotekahttps://www.mpicomw.com

MPICO plc engages in the ownership, development, rental, and management of commercial, residential, and industrial properties in Malawi. The company has 28 investment properties in Malawi, primarily in Lilongwe and Blantyre. It rents its properties to the government and the private sector.

MPICO Fundamentals Summary

How do MPICO's earnings and revenue compare to its market cap?
MPICO fundamental statistics
Market CapMK48.26b
Earnings (TTM)MK4.23b
Revenue (TTM)MK6.61b

11.4x

P/E Ratio

7.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MPICO income statement (TTM)
RevenueMK6.61b
Cost of RevenueMK2.87b
Gross ProfitMK3.74b
Expenses-MK492.80m
EarningsMK4.23b

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)1.84
Gross Margin56.59%
Net Profit Margin64.05%
Debt/Equity Ratio9.0%

How did MPICO perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

15%

Payout Ratio

Valuation

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

11.41x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MPICO (MWK21) is trading above our estimate of fair value (MWK1.87)

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


Price To Earnings Ratio

PE vs Industry: MPICO is good value based on its PE Ratio (11.4x) compared to the African Real Estate industry average (13.6x).

PE vs Market: MPICO is good value based on its PE Ratio (11.4x) compared to the MW market (12.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MPICO is overvalued based on its PB Ratio (1.1x) compared to the XF Real Estate industry average (1x).


Future Growth

How is MPICO forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

37.8%

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 MPICO 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 MPICO performed over the past 5 years?

34.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MPICO has a large one-off gain of MWK5.0B impacting its December 31 2020 financial results.

Growing Profit Margin: MPICO's current net profit margins (64.1%) are lower than last year (81.6%).


Past Earnings Growth Analysis

Earnings Trend: MPICO's earnings have grown significantly by 34% per year over the past 5 years.

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

Earnings vs Industry: MPICO had negative earnings growth (-24.6%) over the past year, making it difficult to compare to the Real Estate industry average (0.5%).


Return on Equity

High ROE: MPICO's Return on Equity (6.8%) is considered low.


Financial Health

How is MPICO's financial position?


Financial Position Analysis

Short Term Liabilities: MPICO's short term assets (MWK11.8B) exceed its short term liabilities (MWK2.9B).

Long Term Liabilities: MPICO's short term assets (MWK11.8B) do not cover its long term liabilities (MWK13.4B).


Debt to Equity History and Analysis

Debt Level: MPICO's debt to equity ratio (9%) is considered satisfactory.

Reducing Debt: MPICO's debt to equity ratio has reduced from 98.5% to 9% over the past 5 years.

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

Interest Coverage: MPICO earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is MPICO current dividend yield, its reliability and sustainability?

1.14%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MPICO's dividend (1.14%) isn’t notable compared to the bottom 25% of dividend payers in the MW market (1.43%).

High Dividend: MPICO's dividend (1.14%) is low compared to the top 25% of dividend payers in the MW market (4.8%).


Stability and Growth of Payments

Stable Dividend: MPICO is not paying a notable dividend for the MW market, therefore no need to check if payments are stable.

Growing Dividend: MPICO is not paying a notable dividend for the MW market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: MPICO is not paying a notable dividend for the MW market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MPICO's dividend in 3 years as they are not forecast to pay a notable one for the MW market.


Next Steps

Management

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


CEO

Damien Kafoteka

no data

Tenure

Mr. Damien Kafoteka serves as the Managing Director and Director of MPICO plc and its subsidiaries. Mr. Kafoteka served as Finance Director of Old Mutual Malawi Limited. His experience in executive managem...


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

MPICO plc's employee growth, exchange listings and data sources


Key Information

  • Name: MPICO plc
  • Ticker: MPICO
  • Exchange: MAL
  • Founded: 1972
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: MK48.259b
  • Shares outstanding: 2.30b
  • Website: https://www.mpicomw.com

Number of Employees


Location

  • MPICO plc
  • Old Mutual House
  • Robert Mugabe Crescent
  • Lilongwe
  • Malawi

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/24 17:04
End of Day Share Price2021/10/22 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.