Macquarie Infrastructure Corp

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MIC : NYSE : Services
$75.73 -0.58 | -0.76%
Today's Range: 75.68 - 76.93
Avg. Daily Volume: 450100.0
07/26/17 - 3:59 PM ET

Financial Analysis


MACQUARIE INFRASTRUCTURE CP's gross profit margin for the first quarter of its fiscal year 2017 has decreased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. MACQUARIE INFRASTRUCTURE CP has weak liquidity. Currently, the Quick Ratio is 0.71 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.

During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 2.62% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.

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Income Statement Q1 FY17 Q1 FY16
Net Sales ($mil)451.46396.39
EBITDA ($mil)154.35159.78
EBIT ($mil)78.9888.78
Net Income ($mil)36.0222.36


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)44.7934.23
Total Assets ($mil)7538.567283.42
Total Debt ($mil)3113.672804.57
Equity ($mil)2901.572979.86


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin55.2762.28
EBITDA Margin34.1840.31
Operating Margin17.4922.4
Sales Turnover0.230.22
Return on Assets2.250.03
Return on Equity5.860.09
Debt Q1 FY17 Q1 FY16
Current Ratio1.00.66
Debt/Capital0.520.48
Interest Expense25.480.0
Interest Coverage3.10.0


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)82.3180.26
Div / share1.311.15
EPS0.440.28
Book value / share35.2537.13
Institutional Own % n/a n/a
Avg Daily Volume426759.0678036.0

Valuation


BUY. This stock's P/E ratio indicates a premium compared to an average of 34.58 for the Transportation Infrastructure industry and a significant premium compared to the S&P 500 average of 24.66. To use another comparison, its price-to-book ratio of 2.17 indicates a discount versus the S&P 500 average of 3.07 and a significant discount versus the industry average of 4.91. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
MIC 38.56 Peers 34.58   MIC 11.67 Peers 21.44

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

MIC is trading at a premium to its peers.

 

Discount. 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.

MIC is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
MIC 30.29 Peers 31.02   MIC 2.74 Peers 1.65

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

MIC is trading at a premium to its peers.

 

Premium. 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.

MIC trades at a significant premium to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
MIC 2.17 Peers 4.91   MIC 9800.00 Peers 2745.30

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.

MIC is trading at a significant discount to its peers.

 

Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

MIC is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
MIC 3.68 Peers 9.44   MIC 4.25 Peers 2.94

Discount. 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.

MIC is trading at a significant discount to its industry on this measurement.

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

MIC has a sales growth rate that significantly exceeds its peers.

 

 

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