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MFD

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income FundNYSE:MFD Stock Report

Last Price

US$9.89

Market Cap

US$84.5m

7D

0.8%

1Y

11.1%

Updated

16 Jan, 2022

Data

Company Financials
MFD fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends3/6

MFD Stock Overview

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P.

Price History & Performance

Summary of all time highs, changes and price drops for Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund
Historical stock prices
Current Share PriceUS$9.89
52 Week HighUS$10.34
52 Week LowUS$8.55
Beta1.02
1 Month Change4.11%
3 Month Change1.96%
1 Year Change11.12%
3 Year Change-7.57%
5 Year Change-16.33%
Change since IPO-50.55%

Recent News & Updates

Jun 22

Evaluating CEFs: MFD Lacks Long-Term Coverage Of Generous Distribution

MFD has a yield over 8%, quite attractive, particularly in the utility space if the distribution can be supported. I continue my series where I look at CEFs beyond just the yield. MFD has not covered its distribution over the last 3 years. Multiple distribution cuts and NAV declines make this too risky at the current price.

May 10

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund declares $0.20 dividend

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (MFD) declares $0.20/share quarterly dividend, in line with previous.Forward yield 8.02%Payable May 28; for shareholders of record May 24; ex-div May 21.See MFD Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

MFDUS Capital MarketsUS Market
7D0.8%-1.6%-0.5%
1Y11.1%30.2%13.7%

Return vs Industry: MFD underperformed the US Capital Markets industry which returned 30.2% over the past year.

Return vs Market: MFD underperformed the US Market which returned 13.7% over the past year.

Price Volatility

Is MFD's price volatile compared to industry and market?
MFD volatility
MFD Average Weekly Movement1.7%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.4%

Stable Share Price: MFD is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: MFD's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004n/an/ahttps://www.ftportfolios.com/Retail/cef/CEFsummary.aspx?Ticker=MFD

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Macquarie Capital Investment Management, LLC and Four Corners Capital Management, LLC. The fund invests in public equity markets across the globe.

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund Fundamentals Summary

How do Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund's earnings and revenue compare to its market cap?
MFD fundamental statistics
Market CapUS$84.53m
Earnings (TTM)US$16.79m
Revenue (TTM)US$8.08m

5.0x

P/E Ratio

10.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MFD income statement (TTM)
RevenueUS$8.08m
Cost of RevenueUS$0
Gross ProfitUS$8.08m
Expenses-US$8.70m
EarningsUS$16.79m

Last Reported Earnings

May 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.96
Gross Margin100.00%
Net Profit Margin207.67%
Debt/Equity Ratio32.7%

How did MFD perform over the long term?

See historical performance and comparison

Dividends

8.1%

Current Dividend Yield

41%

Payout Ratio

Valuation

Is Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund undervalued compared to its fair value and its price relative to the market?

5.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MFD's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MFD's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MFD is good value based on its PE Ratio (5x) compared to the US Capital Markets industry average (15.9x).

PE vs Market: MFD is good value based on its PE Ratio (5x) compared to the US market (17.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MFD is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (42.4x).

Future Growth

How is Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.7%

Forecasted Diversified Financials 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 Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund 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 Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund performed over the past 5 years?

6.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MFD has a large one-off gain of $10.8M impacting its May 31 2021 financial results.

Growing Profit Margin: MFD became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MFD has become profitable over the past 5 years, growing earnings by 6.7% per year.

Accelerating Growth: MFD has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MFD has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (86.4%).


Return on Equity

High ROE: MFD's Return on Equity (18.8%) is considered low.

Financial Health

How is Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund's financial position?


Financial Position Analysis

Short Term Liabilities: MFD's short term assets ($9.1M) do not cover its short term liabilities ($30.5M).

Long Term Liabilities: MFD's short term assets ($9.1M) exceed its long term liabilities ($260.0).


Debt to Equity History and Analysis

Debt Level: MFD's net debt to equity ratio (23.8%) is considered satisfactory.

Reducing Debt: MFD's debt to equity ratio has reduced from 34.1% to 32.7% over the past 5 years.

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

Interest Coverage: MFD's interest payments on its debt are well covered by EBIT (17x coverage).


Balance Sheet

Dividend

What is Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund current dividend yield, its reliability and sustainability?

8.09%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MFD's dividend (8.09%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: MFD's dividend (8.09%) is in the top 25% of dividend payers in the US market (3.44%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40.7%), MFD's dividend payments are 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.

Management

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

18.0yrs

Average board tenure


CEO

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund has no CEO, or we have no data on them.


Board Members

Experienced Board: MFD's board of directors are seasoned and experienced ( 18 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MFD insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund's employee growth, exchange listings and data sources


Key Information


Location

  • Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund
  • 120 East Liberty Drive
  • Suite 400
  • Wheaton
  • Illinois
  • 60187
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/16 23:17
End of Day Share Price2022/01/14 00:00
Earnings2021/05/31
Annual Earnings2020/11/30


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.