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 Management

Management criteria checks 3/4

Key information

Christopher Frost

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure4.5yrs
CEO ownershipn/a
Management average tenure8.5yrs
Board average tenure7.5yrs

Recent management updates

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...

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...

CEO Compensation Analysis

How has Christopher Frost's remuneration changed compared to Macquarie Infrastructure Holdings's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2022n/an/a

-US$283m

Dec 31 2021n/an/a

-US$300m

Sep 30 2021n/an/a

-US$388m

Jun 30 2021n/an/a

-US$119m

Mar 31 2021n/an/a

-US$96m

Dec 31 2020US$3mUS$500k

-US$97m

Sep 30 2020n/an/a

-US$20m

Jun 30 2020n/an/a

-US$13m

Mar 31 2020n/an/a

-US$46m

Dec 31 2019US$3mUS$400k

-US$25m

Sep 30 2019n/an/a

US$19m

Jun 30 2019n/an/a

US$19m

Mar 31 2019n/an/a

US$92m

Dec 31 2018US$1mUS$400k

US$4m

Compensation vs Market: Insufficient data to establish whether Christopher's total compensation is reasonable compared to companies of similar size in the US market.

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


CEO

Christopher Frost (53 yo)

4.5yrs
Tenure
US$2,680,980
Compensation

Mr. Christopher Timothy Frost has been the Chief Executive Officer of Macquarie Infrastructure Corporation since January 1, 2018 and served as its President and Chief Operating Officer since October 26, 20...


Leadership Team

NamePositionTenureCompensationOwnership
Christopher Frost
CEO & Director4.5yrsUS$2.68mno data
Nicholas O'Neil
CFO & Principal Accounting Officer1.8yrsUS$2.86m0.0098%
$ 35.6k
Jay Davis
VP & Head of Investor Relations14.3yrsno data0.012%
$ 42.3k
Michael Kernan
General Counsel & Secretary12.5yrsno data0.0011%
$ 4.1k
8.5yrs
Average Tenure
58yo
Average Age

Experienced Management: MIC's management team is seasoned and experienced (8.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Christopher Frost
CEO & Director3.8yrsUS$2.68mno data
Henry Lentz
Independent Director10.9yrsUS$249.41k0.053%
$ 193.1k
Amanda Brock
Independent Director3.8yrsUS$251.21k0.020%
$ 71.4k
Ronald Kirk
Independent Director5.7yrsUS$253.26k0.026%
$ 94.0k
Ouma Sananikone-Fletcher
Independent Director9.4yrsUS$253.26k0.037%
$ 134.3k
Norman Brown
Lead Independent Director17.6yrsUS$273.33k0.068%
$ 246.3k
Martin Stephen William Stanley
Chairman of the Board11.3yrsno data0.036%
$ 130.9k
Maria Jelescu-Dreyfus
Independent Director3.8yrsUS$251.21k0.020%
$ 71.4k
7.5yrs
Average Tenure
62.5yo
Average Age

Experienced Board: MIC's board of directors are considered experienced (7.5 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2022/07/22 23:16
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 world class team 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.