Financials Midway Limited

Equities

MWY

AU000000MWY2

Forest & Wood Products

Market Closed - Australian S.E. 01:09:47 2024-05-02 EDT 5-day change 1st Jan Change
0.78 AUD 0.00% Intraday chart for Midway Limited +6.85% -0.64%

Valuation

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Capitalization 1 197.7 301.1 69.87 77.73 64.63 63.32
Enterprise Value (EV) 1 230.1 330.6 109.3 109.2 108.6 69.23
P/E ratio 10.8 x 11.3 x -5.71 x -14.5 x -4.93 x -22.5 x
Yield 6.82% 5.22% - - - -
Capitalization / Revenue 0.84 x 1.04 x 0.26 x 0.28 x 0.32 x 0.33 x
EV / Revenue 0.97 x 1.14 x 0.41 x 0.39 x 0.53 x 0.36 x
EV / EBITDA 9.23 x 10.9 x 9.54 x 13.5 x -12.7 x -9.98 x
EV / FCF -25.6 x 55.9 x 8.16 x 10.6 x -31.7 x -1.53 x
FCF Yield -3.91% 1.79% 12.2% 9.44% -3.15% -65.6%
Price to Book 2.03 x 2.13 x 0.54 x 0.59 x 0.52 x 0.51 x
Nbr of stocks (in thousands) 74,902 87,271 87,336 87,336 87,336 87,336
Reference price 2 2.640 3.450 0.8000 0.8900 0.7400 0.7250
Announcement Date 18-08-29 19-08-27 20-08-26 21-08-25 22-08-28 23-08-23
1AUD in Million2AUD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net sales 1 236.1 289.4 264.2 280.8 203.3 189.8
EBITDA 1 24.94 30.2 11.46 8.067 -8.574 -6.938
EBIT 1 20.48 21.57 -1.637 2.094 -12.44 -9.835
Operating Margin 8.67% 7.45% -0.62% 0.75% -6.12% -5.18%
Earnings before Tax (EBT) 1 24.72 33.14 -17.84 -5.051 -18.86 -4.249
Net income 1 18.36 25.79 -12.02 -5.363 -12.97 -2.803
Net margin 7.78% 8.91% -4.55% -1.91% -6.38% -1.48%
EPS 2 0.2451 0.3060 -0.1400 -0.0614 -0.1500 -0.0322
Free Cash Flow 1 -8.986 5.908 13.39 10.31 -3.424 -45.39
FCF margin -3.81% 2.04% 5.07% 3.67% -1.68% -23.91%
FCF Conversion (EBITDA) - 19.56% 116.86% 127.8% - -
FCF Conversion (Net income) - 22.91% - - - -
Dividend per Share 2 0.1800 0.1800 - - - -
Announcement Date 18-08-29 19-08-27 20-08-26 21-08-25 22-08-28 23-08-23
1AUD in Million2AUD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2018 2019 2020 2021 2022 2023
Net Debt 1 32.4 29.5 39.4 31.5 43.9 5.91
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.298 x 0.9759 x 3.441 x 3.902 x -5.123 x -0.8515 x
Free Cash Flow 1 -8.99 5.91 13.4 10.3 -3.42 -45.4
ROE (net income / shareholders' equity) 19.3% 21.6% -8.6% -3.95% -10% -1.74%
ROA (Net income/ Total Assets) 7.46% 5.79% -0.38% 0.5% -2.99% -2.8%
Assets 1 246.1 445.1 3,159 -1,073 433.9 100.3
Book Value Per Share 2 1.300 1.620 1.470 1.500 1.410 1.430
Cash Flow per Share 2 0.1400 0.1800 0.1300 0.1500 0.0300 0.0600
Capex 1 13.9 4.18 6.98 5.55 11.3 10.2
Capex / Sales 5.88% 1.44% 2.64% 1.98% 5.56% 5.37%
Announcement Date 18-08-29 19-08-27 20-08-26 21-08-25 22-08-28 23-08-23
1AUD in Million2AUD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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