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MIDW

Midway Holding OM:MIDW B Stock Report

Last Price

kr28.80

Market Cap

kr796.7m

7D

0%

1Y

22.0%

Updated

22 May, 2022

Data

Company Financials +
MIDW B fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance4/6
Financial Health6/6
Dividends3/6

MIDW B Stock Overview

Midway Holding AB (publ) offers scaffolding systems and services for complex projects in industry, infrastructure, and construction.

Midway Holding Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Midway Holding
Historical stock prices
Current Share Pricekr28.80
52 Week Highkr31.80
52 Week Lowkr19.00
Beta0.42
1 Month Change24.14%
3 Month Change25.22%
1 Year Change22.03%
3 Year Change56.52%
5 Year Change6.67%
Change since IPO25.22%

Recent News & Updates

May 20
Here's Why Midway Holding (STO:MIDW B) Has A Meaningful Debt Burden

Here's Why Midway Holding (STO:MIDW B) Has A Meaningful Debt Burden

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Mar 21
Midway Holding's (STO:MIDW B) Returns On Capital Are Heading Higher

Midway Holding's (STO:MIDW B) Returns On Capital Are Heading Higher

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...

Feb 07
Is Midway Holding (STO:MIDW B) A Risky Investment?

Is Midway Holding (STO:MIDW B) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

MIDW BSE IndustrialsSE Market
7D0%-0.8%0.3%
1Y22.0%-9.3%-8.8%

Return vs Industry: MIDW B exceeded the Swedish Industrials industry which returned -9.3% over the past year.

Return vs Market: MIDW B exceeded the Swedish Market which returned -8.8% over the past year.

Price Volatility

Is MIDW B's price volatile compared to industry and market?
MIDW B volatility
MIDW B Average Weekly Movement9.3%
Industrials Industry Average Movement8.1%
Market Average Movement7.9%
10% most volatile stocks in SE Market13.0%
10% least volatile stocks in SE Market4.9%

Stable Share Price: MIDW B is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: MIDW B's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1989241Sverker Lindberghttps://www.midwayholding.se

Midway Holding AB (publ) offers scaffolding systems and services for complex projects in industry, infrastructure, and construction. It develops and delivers scaffolding systems, weather protection systems, hanging scaffolding, and stamping systems; develops, produces, and markets equipment for converting plastic materials to rolled products; operates as a subcontractor; and offers customized system solutions; and provides contract manufacturing for industrial customers. The company also imports and sells grinding and construction machines, lifting equipment, material handling equipment, air purifiers, industrial vacuums cleaners, and twister cleaning systems and lasers to construction industry.

Midway Holding Fundamentals Summary

How do Midway Holding's earnings and revenue compare to its market cap?
MIDW B fundamental statistics
Market Capkr796.66m
Earnings (TTM)kr71.10m
Revenue (TTM)kr969.20m

11.1x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MIDW B income statement (TTM)
Revenuekr969.20m
Cost of Revenuekr653.50m
Gross Profitkr315.70m
Other Expenseskr244.60m
Earningskr71.10m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.60
Gross Margin32.57%
Net Profit Margin7.34%
Debt/Equity Ratio36.5%

How did MIDW B perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

29%

Payout Ratio

Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: MIDW B (SEK28.8) is trading below our estimate of fair value (SEK88.5)

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


Price To Earnings Ratio

PE vs Industry: MIDW B is good value based on its PE Ratio (11.1x) compared to the Swedish Industrials industry average (33.6x).

PE vs Market: MIDW B is good value based on its PE Ratio (11.1x) compared to the Swedish market (17.5x).


Price to Earnings Growth Ratio

PEG Ratio: MIDW B is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: MIDW B is good value based on its PB Ratio (1.4x) compared to the SE Industrials industry average (3.8x).


Future Growth

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

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


15.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MIDW B's forecast earnings growth (15.2% per year) is above the savings rate (0.3%).

Earnings vs Market: MIDW B's earnings (15.2% per year) are forecast to grow faster than the Swedish market (9.7% per year).

High Growth Earnings: MIDW B's earnings are forecast to grow, but not significantly.

Revenue vs Market: MIDW B's revenue (6.5% per year) is forecast to grow faster than the Swedish market (5.8% per year).

High Growth Revenue: MIDW B's revenue (6.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MIDW B's Return on Equity is forecast to be low in 3 years time (15.8%).


Past Performance

How has Midway Holding performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


39.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MIDW B has a high level of non-cash earnings.

Growing Profit Margin: MIDW B's current net profit margins (7.3%) are higher than last year (3.2%).


Past Earnings Growth Analysis

Earnings Trend: MIDW B's earnings have grown significantly by 39.7% per year over the past 5 years.

Accelerating Growth: MIDW B's earnings growth over the past year (266.5%) exceeds its 5-year average (39.7% per year).

Earnings vs Industry: MIDW B earnings growth over the past year (266.5%) exceeded the Industrials industry 46.5%.


Return on Equity

High ROE: MIDW B's Return on Equity (12.5%) is considered low.


Financial Health

How is Midway Holding's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MIDW B's short term assets (SEK576.0M) exceed its short term liabilities (SEK317.2M).

Long Term Liabilities: MIDW B's short term assets (SEK576.0M) exceed its long term liabilities (SEK530.0M).


Debt to Equity History and Analysis

Debt Level: MIDW B's net debt to equity ratio (28.4%) is considered satisfactory.

Reducing Debt: MIDW B's debt to equity ratio has reduced from 79.9% to 36.5% over the past 5 years.

Debt Coverage: MIDW B's debt is well covered by operating cash flow (29.4%).

Interest Coverage: MIDW B's interest payments on its debt are well covered by EBIT (25.8x coverage).


Balance Sheet


Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.60%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MIDW B's dividend (2.6%) is higher than the bottom 25% of dividend payers in the Swedish market (1.44%).

High Dividend: MIDW B's dividend (2.6%) is low compared to the top 25% of dividend payers in the Swedish market (4.81%).


Stability and Growth of Payments

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

Growing Dividend: MIDW B's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (28.8%), MIDW B's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: MIDW B is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

4.8yrs

Average board tenure


CEO

Sverker Lindberg (58 yo)

5.67yrs

Tenure

kr3,700,000

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 ($USD371.38K) is above average for companies of similar size in the Swedish market ($USD227.34K).

Compensation vs Earnings: Sverker's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: MIDW B's board of directors are considered experienced (4.8 years average tenure).


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 employee growth, exchange listings and data sources


Key Information

  • Name: Midway Holding AB (publ)
  • Ticker: MIDW B
  • Exchange: OM
  • Founded: 1989
  • Industry: Industrial Conglomerates
  • Sector: Capital Goods
  • Implied Market Cap: kr796.664m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/22 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.