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Macquarie Infrastructure Holdings, LLCNYSE:MIC Stock Report

Market Cap US$364.0m
Share Price
n/a
1Y-89.5%
7D0.7%
1D0%
Portfolio Value
​
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Macquarie Infrastructure Holdings, LLC

NYSE:MIC Stock Report

Market Cap: US$364.0m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Macquarie Infrastructure Holdings (MIC) Stock Overview

Macquarie Infrastructure Holdings, LLC, together with its subsidiaries, operates as an energy company that processes and distributes gas, and provides related services to corporations, government agencies, and individual customers. More details

MIC fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

Risk Analysis

Earnings have declined by 73% per year over past 5 years


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Macquarie Infrastructure Holdings, LLC Competitors

Price History & Performance

Summary of share price highs, lows and changes for Macquarie Infrastructure Holdings
Historical stock prices
Current Share PriceUS$4.09
52 Week HighUS$40.85
52 Week LowUS$3.53
Beta0.87
1 Month Change7.35%
3 Month Change9.65%
1 Year Change-89.54%
3 Year Change-90.08%
5 Year Change-94.59%
Change since IPO-85.29%

Recent News & Updates

Seeking Alpha • Dec 10

Macquarie Infrastructure: Might Reload Soon But Will Compete Fiercely In Allocating

MIC has sold all its operating assets to private equity, with Atlantic Aviation commanding a strong multiple close to 20x, in line with Signature's. The net non-operating assets are unsurprisingly zero, but the markets are still attributing value to the company as a vehicle for making their infrastructure investments. At this point, the decision to invest in MIC is to do with confidence in the management and the investment landscape with respect to the current $300 million valuation post-dividends. We think that management will struggle to find exceptional investments in the current market competing against government funds and cash flush allocators in private markets. We don't see any reason to invest in MIC when there are so many other private investment vehicles like SPACs on the market, and where governments will drive down ROICs in their allocations.

Recent updates

Seeking Alpha • Dec 10

Macquarie Infrastructure: Might Reload Soon But Will Compete Fiercely In Allocating

MIC has sold all its operating assets to private equity, with Atlantic Aviation commanding a strong multiple close to 20x, in line with Signature's. The net non-operating assets are unsurprisingly zero, but the markets are still attributing value to the company as a vehicle for making their infrastructure investments. At this point, the decision to invest in MIC is to do with confidence in the management and the investment landscape with respect to the current $300 million valuation post-dividends. We think that management will struggle to find exceptional investments in the current market competing against government funds and cash flush allocators in private markets. We don't see any reason to invest in MIC when there are so many other private investment vehicles like SPACs on the market, and where governments will drive down ROICs in their allocations.
Analysis Article • Aug 26

Calculating The Intrinsic Value Of Macquarie Infrastructure Corporation (NYSE:MIC)

How far off is Macquarie Infrastructure Corporation ( NYSE:MIC ) from its intrinsic value? Using the most recent...
Analysis Article • Jul 07

Is Macquarie Infrastructure (NYSE:MIC) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Jun 01

Why Macquarie Infrastructure Corporation (NYSE:MIC) Could Be Worth Watching

While Macquarie Infrastructure Corporation ( NYSE:MIC ) might not be the most widely known stock at the moment, it saw...
Analysis Article • May 06

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Macquarie Infrastructure Corporation's (NYSE:MIC) CEO For Now

The share price of Macquarie Infrastructure Corporation ( NYSE:MIC ) has increased significantly over the past few...
Analysis Article • May 04

A Look At The Intrinsic Value Of Macquarie Infrastructure Corporation (NYSE:MIC)

How far off is Macquarie Infrastructure Corporation ( NYSE:MIC ) from its intrinsic value? Using the most recent...
Analysis Article • Mar 19

Here's Why Macquarie Infrastructure (NYSE:MIC) Has A Meaningful Debt Burden

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article • Feb 26

What Kind Of Shareholders Own Macquarie Infrastructure Corporation (NYSE:MIC)?

A look at the shareholders of Macquarie Infrastructure Corporation ( NYSE:MIC ) can tell us which group is most...
Analysis Article • Feb 05

Is It Too Late To Consider Buying Macquarie Infrastructure Corporation (NYSE:MIC)?

Macquarie Infrastructure Corporation ( NYSE:MIC ), might not be a large cap stock, but it saw a decent share price...
Analysis Article • Jan 15

Estimating The Intrinsic Value Of Macquarie Infrastructure Corporation (NYSE:MIC)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Macquarie...
Analysis Article • Dec 25

Some Analysts Just Cut Their Macquarie Infrastructure Corporation (NYSE:MIC) Estimates

One thing we could say about the analysts on Macquarie Infrastructure Corporation ( NYSE:MIC ) - they aren't...
Analysis Article • Dec 24

What Would Shareholders Who Purchased Macquarie Infrastructure's(NYSE:MIC) Stock Five Years Ago Be Earning on Their Investment Today?

It is doubtless a positive to see that the Macquarie Infrastructure Corporation ( NYSE:MIC ) share price has gained...
Analysis Article • Dec 03

We Think Macquarie Infrastructure (NYSE:MIC) Can Stay On Top Of Its Debt

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

Shareholder Returns

MICUS Gas UtilitiesUS Market
7D0.7%-1.8%-2.2%
1Y-89.5%2.5%13.1%

Return vs Industry: MIC underperformed the US Gas Utilities industry which returned 3.7% over the past year.

Return vs Market: MIC underperformed the US Market which returned -15.4% over the past year.

Price Volatility

Is MIC's price volatile compared to industry and market?
MIC volatility
MIC Average Weekly Movement1.5%
Gas Utilities Industry Average Movement2.9%
Market Average Movement6.9%
10% most volatile stocks in US Market15.4%
10% least volatile stocks in US Market2.9%

Stable Share Price: MIC has not had significant price volatility in the past 3 months.

Volatility Over Time: MIC's weekly volatility has decreased from 13% to 2% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004354Christopher Frostwww.micinc.com

Macquarie Infrastructure Holdings, LLC, together with its subsidiaries, operates as an energy company that processes and distributes gas, and provides related services to corporations, government agencies, and individual customers. The company distributes and sells synthetic natural gas, liquefied petroleum gas, liquefied natural gas, and renewable natural gas to industrial, commercial, residential, hospitality, military, public sector, and wholesale users. Macquarie Infrastructure Holdings, LLC was founded in 2004 and is based in New York, New York.

Macquarie Infrastructure Holdings, LLC Fundamentals Summary

How do Macquarie Infrastructure Holdings's earnings and revenue compare to its market cap?
MIC fundamental statistics
Market capUS$363.95m
Earnings (TTM)-US$282.58m
Revenue (TTM)US$250.08m
1.5x
P/S Ratio
-1.3x
P/E Ratio

Is MIC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MIC income statement (TTM)
RevenueUS$250.08m
Cost of RevenueUS$171.18m
Gross ProfitUS$78.90m
Other ExpensesUS$361.48m
Earnings-US$282.58m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-3.18
Gross Margin31.55%
Net Profit Margin-113.00%
Debt/Equity Ratio31.2%

How did MIC perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2022/07/22 12:18
End of Day Share Price 2022/07/20 00:00
Earnings2022/03/31
Annual Earnings2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Macquarie Infrastructure Holdings, LLC is covered by 11 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard GrossBarclays
Anna KaminskayaBofA Global Research
Andrew GadlinCJS Securities, Inc.