OM:MIDW A

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Excellent balance sheet and overvalued.

Risks

  • Midway Holding is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-0.5%

OM:MIDW A

-3.1%

SE Industrials

-1.2%

SE Market


1 Year Return

9.3%

OM:MIDW A

7.6%

SE Industrials

-2.6%

SE Market

MIDW A outperformed the Industrials industry which returned -16.6% over the past year.

MIDW A outperformed the Market in Sweden which returned -2.7% over the past year.


Share holder returns

MIDW AIndustryMarket
7 Day-0.5%-3.1%-1.2%
30 Day-4.3%-5.4%-3.6%
90 Day0.5%1.1%-2.8%
1 Year12.0%9.3%9.4%7.6%1.4%-2.6%
3 Year7.8%5.3%106.6%97.2%25.3%6.6%
5 Year19.2%16.4%243.2%193.8%44.9%14.3%

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 based on future cash flows and its price relative to the stock market?

1.09x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Midway Holding's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Midway Holding's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Midway Holding is loss making, we can't compare its value to the Europe Industrials industry average.

Midway Holding is loss making, we can't compare the value of its earnings to the Sweden market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Midway Holding, we can't assess if its growth is good value.


Price Based on Value of Assets

Midway Holding is good value based on assets compared to the Europe Industrials industry average.


Next Steps

Future Growth

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

10.9%

Forecasted Industrials 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

  • Examine Midway Holding'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.
  • Midway Holding competitive advantages and company strategy can generally be found in its financial reports archived here.
  • Explore growth companies in the capital goods industry.

Past Performance

How has Midway Holding performed over the past 5 years?

6.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Midway Holding does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare Midway Holding's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Midway Holding's 1-year growth to the Europe Industrials industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Midway Holding has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

Midway Holding used its assets less efficiently than the Europe Industrials industry average last year based on Return on Assets.


Return on Capital Employed

It is difficult to establish if Midway Holding improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Midway Holding's financial position?


Financial Position Analysis

Midway Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Midway Holding's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Midway Holding's level of debt (46.7%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (90.6% vs 46.7% today).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.3x debt.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Whilst loss making Midway Holding has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.

Whilst loss making Midway Holding has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -34% per year.


Next Steps

Dividend

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

2.73%

Current Dividend Yield


Dividend Yield and Payments Analysis

Midway Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.97%).

Midway Holding's dividend is below the markets top 25% of dividend payers in Sweden (4.54%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

The company is paying a dividend however it is incurring a loss.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Midway Holding's salary, the management and board of directors tenure and is there insider trading?

2.6yrs

Average board tenure


CEO

Peter Svensson (67yo)

kr2,900,000

Compensation

Mr. Peter Svensson serves as the Chief Executive Officer at Midway Holding AB. and served its Managing Director. Mr. Svensson served as the Chief Executive Officer of Midway Holding Ab. He served as the Ch ...


CEO Compensation Analysis

Peter's remuneration is lower than average for companies of similar size in Sweden.

Insufficient data for Peter to compare compensation growth.


Board Age and Tenure

2.6yrs

Average Tenure

46yo

Average Age

The average tenure for the Midway Holding board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Ulrika Nelander (49yo)

    Group Controller

  • Peter Svensson (67yo)

    Chief Executive Officer

    • Compensation: SEK2.90m
  • Leif Göransson (64yo)

    Head of Asset Management

    • Compensation: SEK1.90m
  • Sofia Svensson (41yo)

    VP & CFO

  • Åsa Olofsson (48yo)

    Head of Administration


Board Members

  • Anna-Carin Agius (56yo)

    Independent Director

    • Tenure: 1.6yrs
  • Lennart Pihl (69yo)

    Chairman of the Board

  • Anders Bergstrand (41yo)

    Director

    • Tenure: 11.6yrs
    • Compensation: SEK100.00k
  • Joel Eklund (39yo)

    Independent Director

    • Tenure: 1.6yrs
  • Svante Bengtsson (43yo)

    Director

    • Tenure: 2.6yrs
    • Compensation: SEK100.00k
  • Roger Stjernborg Eriksson (49yo)

    Member of Board

    • Tenure: 2.6yrs
    • Compensation: SEK100.00k

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: kr515.996m
  • Shares outstanding: 27.33m
  • Website: Click here

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MIDW BOM (OMX Nordic Exchange Stockholm)YesClass B SharesSESEKDec 1993
MIDWBSBATS-CHIXE (BATS 'Chi-X Europe')YesClass B SharesGBSEKDec 1993
MIDW AOM (OMX Nordic Exchange Stockholm)Class A SharesSESEKDec 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 Analysis2019/08/17 20:42
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.