Macquarie Infrastructure Corporation invests in infrastructure and infrastructure-like businesses that provide services to corporations, government agencies and individual customers primarily in the United States. More Details
Moderate growth potential with imperfect balance sheet.
Share Price & News
How has Macquarie Infrastructure's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MIC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: MIC's weekly volatility (9%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: MIC underperformed the US Infrastructure industry which returned -16.3% over the past year.
Return vs Market: MIC underperformed the US Market which returned 34.1% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Macquarie Infrastructure's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Macquarie Infrastructure undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: MIC ($32) is trading above our estimate of fair value ($28.94)
Significantly Below Fair Value: MIC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MIC is unprofitable, so we can't compare its PE Ratio to the XX Infrastructure industry average.
PE vs Market: MIC 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 MIC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MIC is overvalued based on its PB Ratio (3.2x) compared to the US Infrastructure industry average (1.1x).
How is Macquarie Infrastructure forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MIC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: MIC is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MIC's is expected to become profitable in the next 3 years.
Revenue vs Market: MIC's revenue (9.7% per year) is forecast to grow slower than the US market (10.5% per year).
High Growth Revenue: MIC's revenue (9.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MIC's Return on Equity is forecast to be high in 3 years time
How has Macquarie Infrastructure performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MIC is currently unprofitable.
Growing Profit Margin: MIC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MIC is unprofitable, and losses have increased over the past 5 years at a rate of 19.8% per year.
Accelerating Growth: Unable to compare MIC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MIC is unprofitable, making it difficult to compare its past year earnings growth to the Infrastructure industry (-16.9%).
Return on Equity
High ROE: MIC has a negative Return on Equity (-23.04%), as it is currently unprofitable.
How is Macquarie Infrastructure's financial position?
Financial Position Analysis
Short Term Liabilities: MIC's short term assets ($1.9B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: MIC's short term assets ($1.9B) do not cover its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: MIC's debt to equity ratio (175.2%) is considered high.
Reducing Debt: MIC's debt to equity ratio has increased from 87.1% to 175.2% over the past 5 years.
Debt Coverage: MIC's debt is well covered by operating cash flow (21.8%).
Interest Coverage: MIC is unprofitable, therefore interest payments are not well covered by earnings.
What is Macquarie Infrastructure current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MIC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MIC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MIC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MIC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MIC is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MIC's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Christopher Frost (51 yo)
Mr. Christopher Timothy Frost has been Chief Executive Officer of Macquarie Infrastructure Corporation since January 1, 2018 and served as its President and Chief Operating Officer since October 26, 2017 u...
CEO Compensation Analysis
Compensation vs Market: Christopher's total compensation ($USD2.92M) is below average for companies of similar size in the US market ($USD4.96M).
Compensation vs Earnings: Christopher's compensation has increased whilst the company is unprofitable.
|Chief Executive Officer||3.08yrs||US$2.92m||no data|
|Chief Financial Officer||0.42yr||no data||0.010% |
|Principal Accounting Officer||5.67yrs||no data||no data|
|VP & Head of Investor Relations||12.92yrs||no data||no data|
|General Counsel & Secretary||11.08yrs||no data||no data|
|CEO & President of International-Matex Tank Terminals||6yrs||no data||no data|
Experienced Management: MIC's management team is seasoned and experienced (5.8 years average tenure).
|Independent Director||9.5yrs||US$252.27k||0.041% |
|Independent Director||2.42yrs||US$249.77k||0.0066% |
|Independent Director||4.25yrs||US$256.03k||0.013% |
|Independent Director||8yrs||US$256.77k||0.024% |
|Lead Independent Director||4.33yrs||US$277.27k||0.058% |
|Chairman||7.58yrs||no data||0.037% |
|Independent Director||2.42yrs||US$252.27k||0.0066% |
Experienced Board: MIC's board of directors are considered experienced (4.3 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Macquarie Infrastructure Corporation's company bio, employee growth, exchange listings and data sources
- Name: Macquarie Infrastructure Corporation
- Ticker: MIC
- Exchange: NYSE
- Founded: 2004
- Industry: Airport Services
- Sector: Transportation
- Market Cap: US$2.693b
- Shares outstanding: 87.40m
- Website: https://www.micinc.com
Number of Employees
- Macquarie Infrastructure Corporation
- 125 West 55th Street
- 15th Floor
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MIC||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Dec 2004|
|14M||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Dec 2004|
|0JXB||LSE (London Stock Exchange)||Yes||Common Shares||GB||USD||Dec 2004|
Macquarie Infrastructure Corporation invests in infrastructure and infrastructure-like businesses that provide services to corporations, government agencies and individual customers primarily in the United...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/02/24 23:27|
|End of Day Share Price||2021/02/24 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.