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Market Cap

US$337.2m

Last Updated

2021/05/09 22:18 UTC

Data Sources

Company Financials

Executive Summary

Maiden Holdings, Ltd., through its subsidiaries, provides property and casualty reinsurance solutions to regional and specialty insurers in Europe, the United States, and internationally. More Details


Snowflake Analysis

Slightly overvalued with questionable track record.


Similar Companies

Share Price & News

How has Maiden Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MHLD is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MHLD's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

4.0%

MHLD

3.2%

US Insurance

0.2%

US Market


1 Year Return

296.4%

MHLD

55.8%

US Insurance

49.9%

US Market

Return vs Industry: MHLD exceeded the US Insurance industry which returned 55.9% over the past year.

Return vs Market: MHLD exceeded the US Market which returned 49.9% over the past year.


Shareholder returns

MHLDIndustryMarket
7 Day4.0%3.2%0.2%
30 Day7.2%7.5%1.5%
90 Day49.4%16.8%3.3%
1 Year296.4%296.4%59.8%55.8%52.4%49.9%
3 Year-50.9%-52.7%43.9%33.2%63.7%53.4%
5 Year-63.7%-68.9%89.5%66.1%130.6%104.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Maiden Holdings undervalued compared to its fair value and its price relative to the market?

4.15x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: MHLD is good value based on its PE Ratio (4.2x) compared to the US Insurance industry average (12.9x).

PE vs Market: MHLD is good value based on its PE Ratio (4.2x) compared to the US market (20.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MHLD is overvalued based on its PB Ratio (2.5x) compared to the US Insurance industry average (1.2x).


Future Growth

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

2.7%

Forecasted Insurance 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 Maiden Holdings 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 Maiden Holdings performed over the past 5 years?

-28.8%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: MHLD became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MHLD has become profitable over the past 5 years, growing earnings by -28.8% per year.

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

Earnings vs Industry: MHLD has become profitable in the last year, making it difficult to compare its past year earnings growth to the Insurance industry (31.1%).


Return on Equity

High ROE: MHLD's Return on Equity (7.9%) is considered low.


Financial Health

How is Maiden Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: MHLD's short term assets ($1.4B) exceed its short term liabilities ($196.5M).

Long Term Liabilities: MHLD's short term assets ($1.4B) do not cover its long term liabilities ($2.2B).


Debt to Equity History and Analysis

Debt Level: MHLD's debt to equity ratio (48.3%) is considered high.

Reducing Debt: MHLD's debt to equity ratio has increased from 25.9% to 48.3% over the past 5 years.

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

Interest Coverage: MHLD's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet


Dividend

What is Maiden Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MHLD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MHLD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MHLD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MHLD's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MHLD is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MHLD's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

  • Explore strong dividend paying companies in the Insurance industry.

Management

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

2.5yrs

Average management tenure


CEO

Pat Haveron (58 yo)

1

Tenure

US$1,761,146

Compensation

Mr. Patrick Joseph Haveron, CPA, also known as Pat, serves as Co- Chief Executive Officer of Maiden Holdings, Ltd. Since May 8, 2020. He serves as Director of Maiden Holdings, Ltd. since December 10, 2019....


CEO Compensation Analysis

Compensation vs Market: Pat's total compensation ($USD1.76M) is about average for companies of similar size in the US market ($USD1.71M).

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


Leadership Team

Experienced Management: MHLD's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: MHLD's board of directors are not considered experienced ( 1.4 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.8%.


Top Shareholders

Company Information

Maiden Holdings, Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Maiden Holdings, Ltd.
  • Ticker: MHLD
  • Exchange: NasdaqCM
  • Founded: 2007
  • Industry: Reinsurance
  • Sector: Insurance
  • Market Cap: US$337.226m
  • Shares outstanding: 87.14m
  • Website: https://www.maiden.bm

Number of Employees


Location

  • Maiden Holdings, Ltd.
  • Ideation House
  • 2nd Floor
  • Pembroke
  • HM 08
  • Bermuda

Listings


Biography

Maiden Holdings, Ltd., through its subsidiaries, provides property and casualty reinsurance solutions to regional and specialty insurers in Europe, the United States, and internationally. It operates in tw...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/09 22:18
End of Day Share Price2021/05/07 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.