NasdaqCM:MHLD

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Worrying balance sheet with weak fundamentals.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

7.6%

MHLD

0.4%

US Insurance

-1.1%

US Market


1 Year Return

114.8%

MHLD

-11.9%

US Insurance

15.6%

US Market

Return vs Industry: MHLD exceeded the US Insurance industry which returned -11.9% over the past year.

Return vs Market: MHLD exceeded the US Market which returned 15.6% over the past year.


Shareholder returns

MHLDIndustryMarket
7 Day7.6%0.4%-1.1%
30 Day8.5%5.6%4.2%
90 Day-8.6%0.3%6.3%
1 Year114.8%114.8%-9.5%-11.9%18.2%15.6%
3 Year-83.2%-84.5%0.6%-6.7%39.6%30.4%
5 Year-90.1%-91.7%36.2%19.0%79.5%59.2%

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?

1.65x

Price to Book (PB) 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 unprofitable, so we can't compare its PE Ratio to the US Insurance industry average.

PE vs Market: MHLD is unprofitable, so we can't compare its PE Ratio to the US market.


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 (1.6x) compared to the US Insurance industry average (0.9x).


Next Steps

Future Growth

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

25.5%

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.


Next Steps

Past Performance

How has Maiden Holdings performed over the past 5 years?

-51.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MHLD is currently unprofitable.

Growing Profit Margin: MHLD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MHLD is unprofitable, and losses have increased over the past 5 years at a rate of 51.4% per year.

Accelerating Growth: Unable to compare MHLD's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MHLD is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (-3.2%).


Return on Equity

High ROE: MHLD has a negative Return on Equity (-9.3%), as it is currently unprofitable.


Next Steps

Financial Health

How is Maiden Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: MHLD's short term assets ($1.5B) exceed its short term liabilities ($243.6M).

Long Term Liabilities: MHLD's short term assets ($1.5B) do not cover its long term liabilities ($2.4B).


Debt to Equity History and Analysis

Debt Level: MHLD's debt to equity ratio (48%) is considered high.

Reducing Debt: MHLD's debt to equity ratio has increased from 29.4% to 48% over the past 5 years.


Balance Sheet


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.

Stable Cash Runway: MHLD has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MHLD has less than a year of cash runway if free cash flow continues to reduce at historical rates of 47.9% each year


Next Steps

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

Management

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

2.0yrs

Average management tenure


CEO

Pat Haveron (58 yo)

0.42

Tenure

US$1,882,330

Compensation

Mr. Patrick Joseph Haveron, also known as Pat, CPA, 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 ($USD1.88M) is above average for companies of similar size in the US market ($USD585.94K).

Compensation vs Earnings: Pat's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Patrick Haveron
CFO, Co-CEO & Director0.42yrUS$1.88m1.87%
$ 2.0m
Lawrence Metz
President0.83yrUS$1.45m1.42%
$ 1.5m
William Jarman
Senior VP16.75yrsUS$641.72k0.18%
$ 190.3k
Michael Tait
Chief Accounting Officerno dataUS$493.94kno data
Bill Horning
Senior Vice Presidentno datano datano data
Denis Butkovic
Senior VP2yrsUS$117.86k0%
$ 0
Colin Fitt
Senior Vice President of Corporate Development7.25yrsno datano data
Michael Haines
Senior Vice President of Finance1.75yrsUS$24.58k0%
$ 0
Max Reid
President of Maiden Global Holdings Ltd7.42yrsno datano data

2.0yrs

Average Tenure

52.5yo

Average Age

Experienced Management: MHLD's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Patrick Haveron
CFO, Co-CEO & Director0.42yrUS$1.88m1.87%
$ 2.0m
Lawrence Metz
President0.83yrUS$1.45m1.42%
$ 1.5m
Barry Zyskind
Non-Executive Chairman of the Board13.33yrsno data7.52%
$ 8.2m
Steven Nigro
Vice Chairman & Lead Independent Director2.17yrsUS$195.00k0.14%
$ 154.9k
Raymond Neff
Independent Director13.33yrsUS$165.00k0.63%
$ 681.8k
Simcha Lyons
Independent Director13.33yrsUS$165.00k0.16%
$ 169.4k
Yehuda Neuberger
Director12.75yrsUS$165.00k0.39%
$ 423.9k
Holly Blanchard
Independent Director0.83yrUS$5.75k0.064%
$ 69.3k
Keith Thomas
Independent Director0.83yrUS$5.75k0.12%
$ 128.0k

2.2yrs

Average Tenure

58yo

Average Age

Experienced Board: MHLD's board of directors are not considered experienced ( 2.2 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 not been meaningfully diluted in the past year.


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$108.440m
  • Shares outstanding: 84.72m
  • Website: https://www.maiden.bm

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MHLDNasdaqCM (Nasdaq Capital Market)YesCommon SharesUSUSDMay 2008
4OWADB (Deutsche Boerse AG)YesCommon SharesDEEURMay 2008
MH.PRANYSE (New York Stock Exchange)PREF SHS SER AUSUSDAug 2012
MH.PRCNYSE (New York Stock Exchange)PFD SHS SER CUSUSDNov 2015
MH.PRDNYSE (New York Stock Exchange)PFD SERIES DUSUSDJun 2017

Biography

Maiden Holdings, Ltd., through its subsidiaries, provides property and casualty reinsurance solutions to regional and specialty insurers primarily in Europe and internationally. The company writes treaties ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/27 00:37
End of Day Share Price2020/10/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.