Maiden Holdings Ltd.
Find Ratings ReportsMAIDEN HOLDINGS LTD's gross profit margin for the third quarter of its fiscal year 2023 has significantly increased when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the subsector, the net income growth has not.
During the same period, stockholders' equity ("net worth") has decreased by 19.59% from the same quarter last year.
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Income Statement | Q3 FY23 | Q3 FY22 |
---|---|---|
Net Sales ($mil) | 21.76 | 17.68 |
EBITDA ($mil) | 0.0 | 0.0 |
EBIT ($mil) | -5.53 | -11.63 |
Net Income ($mil) | -3.53 | -8.16 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 109.17 | 137.02 |
Total Assets ($mil) | 1577.46 | 1989.61 |
Total Debt ($mil) | 254.83 | 255.84 |
Equity ($mil) | 263.24 | 327.39 |
Profitability | Q3 FY23 | Q3 FY22 |
---|---|---|
Gross Profit Margin | 5.79 | -29.07 |
EBITDA Margin | 0.0 | 0.0 |
Operating Margin | -25.41 | -65.77 |
Sales Turnover | 0.05 | 0.04 |
Return on Assets | -4.36 | 0.16 |
Return on Equity | -26.13 | 1.02 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.49 | 0.44 |
Interest Expense | 4.81 | 4.83 |
Interest Coverage | -1.15 | -2.41 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 101.09 | 87.16 |
Div / share | 0.0 | 0.0 |
EPS | -0.03 | -0.09 |
Book value / share | 2.6 | 3.76 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 204224.0 | 141358.0 |
SELL. MAIDEN HOLDINGS LTD's P/E ratio indicates a significant discount compared to an average of 21.84 for the Insurance Carriers and Related Activities subsector and a significant discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 0.53 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 3.52. The current price-to-sales ratio is well below the S&P 500 average and is also below the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, MAIDEN HOLDINGS LTD proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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MHLD 5.79 | Peers 21.84 | MHLD NM | Peers 13.60 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. MHLD is trading at a significant discount to its peers. |
Neutral. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. MHLD's P/CF is negative making the measure meaningless. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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MHLD NA | Peers 14.42 | MHLD NA | Peers 0.87 | |||||||||||||||||||||
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential. Ratio not available. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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MHLD 0.53 | Peers 3.52 | MHLD -41.47 | Peers 95.58 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. MHLD is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, MHLD is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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MHLD 1.91 | Peers 1.96 | MHLD 0.34 | Peers 37.25 | |||||||||||||||||||||
Average. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. MHLD is trading at a valuation on par with its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. MHLD significantly trails its peers on the basis of sales growth. |
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