Midway Holding AB (publ) operates as a conglomerate of small and medium enterprises in Sweden and rest of Nordic countries.
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.
7 Day Return
1 Year Return
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.
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
Is Midway Holding undervalued compared to its fair value and its price relative to the market?
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.
How is Midway Holding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- 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.
How has Midway Holding performed over the past 5 years?
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.
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.
What is Midway Holding current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Sverker Lindberg (57 yo)
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.
|Independent Director||2.58yrs||kr200.00k||0.037% |
|Independent Chairman of the Board||no data||kr400.00k||0.066% |
|Director||0.58yr||no data||no data|
|Independent Director||2.58yrs||kr100.00k||0.082% |
Experienced Board: MIDW A's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Midway Holding AB (publ)'s company bio, employee growth, exchange listings and data sources
- 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
- Midway Holding AB (publ)
- Norra Vallgatan 70
- Skåne County
- 211 22
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MIDW A||OM (OMX Nordic Exchange Stockholm)||Class A Shares||SE||SEK||Dec 1993|
|MIDW B||OM (OMX Nordic Exchange Stockholm)||Yes||Class B Shares||SE||SEK||Dec 1993|
|0H1N||LSE (London Stock Exchange)||Class A Shares||GB||SEK||Dec 1993|
|0GO3||LSE (London Stock Exchange)||Yes||Class B Shares||GB||SEK||Dec 1993|
|MIDWBS||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Class B Shares||GB||SEK||Dec 1993|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/11 21:02|
|End of Day Share Price||2020/08/10 00:00|
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.