OM:MIDW A

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Executive Summary

Midway Holding AB (publ) operates as a conglomerate of small and medium enterprises in Sweden and rest of Nordic countries.


Snowflake Analysis

Flawless balance sheet and slightly overvalued.

Share Price & News

How has Midway Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MIDW A has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-4.6%

MIDW A

5.0%

SE Industrials

2.6%

SE Market


1 Year Return

-28.0%

MIDW A

22.8%

SE Industrials

18.1%

SE Market

Return vs Industry: MIDW A underperformed the Swedish Industrials industry which returned 21.8% over the past year.

Return vs Market: MIDW A underperformed the Swedish Market which returned 16.9% over the past year.


Shareholder returns

MIDW AIndustryMarket
7 Day-4.6%5.0%2.6%
30 Day-4.0%7.9%5.1%
90 Day-4.6%33.1%20.9%
1 Year-28.0%-28.0%26.6%22.8%20.0%18.1%
3 Year-51.2%-52.3%20.0%8.9%32.5%18.5%
5 Year-29.8%-31.4%55.5%32.1%45.4%16.6%

Price Volatility Vs. Market

How volatile is Midway Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MIDW A (SEK14.4) is trading below our estimate of fair value (SEK95.24)

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


Price To Earnings Ratio

PE vs Industry: MIDW A is poor value based on its PE Ratio (23.2x) compared to the XE Industrials industry average (18.1x).

PE vs Market: MIDW A is poor value based on its PE Ratio (23.2x) compared to the Swedish market (22.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MIDW A's PB Ratio (0.8x) is in line with the XE Industrials industry average.


Next Steps

Future Growth

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

16.6%

Forecasted Capital Goods 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 Midway Holding 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.


Next Steps

Past Performance

How has Midway Holding performed over the past 5 years?

22.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MIDW A has a large one-off gain of SEK8.1M impacting its June 30 2020 financial results.

Growing Profit Margin: MIDW A's current net profit margins (2.6%) are lower than last year (6.4%).


Past Earnings Growth Analysis

Earnings Trend: MIDW A has become profitable over the past 5 years, growing earnings by 22.6% per year.

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

Earnings vs Industry: MIDW A had negative earnings growth (-68.6%) over the past year, making it difficult to compare to the Industrials industry average (2.1%).


Return on Equity

High ROE: MIDW A's Return on Equity (3.5%) is considered low.


Next Steps

Financial Health

How is Midway Holding's financial position?


Financial Position Analysis

Short Term Liabilities: MIDW A's short term assets (SEK381.0M) exceed its short term liabilities (SEK154.5M).

Long Term Liabilities: MIDW A's short term assets (SEK381.0M) exceed its long term liabilities (SEK116.5M).


Debt to Equity History and Analysis

Debt Level: MIDW A's debt to equity ratio (8.8%) is considered satisfactory.

Reducing Debt: MIDW A's debt to equity ratio has reduced from 100.9% to 8.8% over the past 5 years.

Debt Coverage: MIDW A's debt is well covered by operating cash flow (328.6%).

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


Balance Sheet


Next Steps

Dividend

What is Midway Holding current dividend yield, its reliability and sustainability?

4.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MIDW A's dividend (4.32%) is higher than the bottom 25% of dividend payers in the Swedish market (1.4%).

High Dividend: MIDW A's dividend (4.32%) is low compared to the top 25% of dividend payers in the Swedish market (4.97%).


Stability and Growth of Payments

Stable Dividend: MIDW A's dividend payments have been volatile in the past 10 years.

Growing Dividend: MIDW A's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (100%), MIDW A's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

2.6yrs

Average board tenure


CEO

Sverker Lindberg (57 yo)

3.92yrs

Tenure

kr4,100,000

Compensation

Mr. Sverker Lindberg serves as Chief Executive Officer of Midway Holding AB (publ) since September 01, 2016.


CEO Compensation Analysis

Compensation vs Market: Sverker's total compensation ($USD468.68K) is above average for companies of similar size in the Swedish market ($USD230.95K).

Compensation vs Earnings: Insufficient data to compare Sverker's compensation with company performance.


Board Members

NamePositionTenureCompensationOwnership
Anna-Carin Agius
Independent Director2.58yrskr200.00k0.037%
SEK 140.8k
Lennart Pihl
Independent Chairman of the Boardno datakr400.00k0.066%
SEK 253.5k
Anders Bergstrand
Director12.58yrskr100.00k0.026%
SEK 98.6k
Susanne Persson
Director0.58yrno datano data
Joel Eklund
Independent Director2.58yrskr100.00k0.082%
SEK 316.8k
Svante Bengtsson
Director3.58yrskr100.00k0.17%
SEK 639.6k

2.6yrs

Average Tenure

47.5yo

Average Age

Experienced Board: MIDW A's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


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

Midway Holding AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Midway Holding AB (publ)
  • Ticker: MIDW A
  • Exchange: OM
  • Founded: 1989
  • Industry: Industrial Conglomerates
  • Sector: Capital Goods
  • Market Cap: kr384.835m
  • Shares outstanding: 27.33m
  • Website: https://www.midwayholding.se

Number of Employees


Location

  • Midway Holding AB (publ)
  • Norra Vallgatan 70
  • Malmö
  • Skåne County
  • 211 22
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MIDW AOM (OMX Nordic Exchange Stockholm)Class A SharesSESEKDec 1993
MIDW BOM (OMX Nordic Exchange Stockholm)YesClass B SharesSESEKDec 1993
0H1NLSE (London Stock Exchange)Class A SharesGBSEKDec 1993
0GO3LSE (London Stock Exchange)YesClass B SharesGBSEKDec 1993
MIDWBSBATS-CHIXE (BATS 'Chi-X Europe')YesClass B SharesGBSEKDec 1993

Biography

Midway Holding AB (publ) operates as a conglomerate of small and medium enterprises in Sweden and rest of Nordic countries. The company operates in two segments, Technology Companies and Trading Companies. ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/11 21:02
End of Day Share Price2020/08/10 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.