Macquarie Infrastructure Corp

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MIC : NYSE : Services
$76.03 | %
Today's Range: 0.00 - 0.00
Avg. Daily Volume: 478,600
07/27/16 - 4:02 PM ET

Financial Analysis


MACQUARIE INFRASTRUCTURE CP's gross profit margin for the first quarter of its fiscal year 2016 has increased when compared to the same period a year ago. Even though sales decreased, the net income has increased. MACQUARIE INFRASTRUCTURE CP has very weak liquidity. Currently, the Quick Ratio is 0.42 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.

During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 4.01% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.

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Income Statement Q1 FY16 Q1 FY15
Net Sales ($mil)396.39398.5
EBITDA ($mil)159.78-9.97
EBIT ($mil)88.78-77.07
Net Income ($mil)22.36-89.0


Balance Sheet Q1 FY16 Q1 FY15
Cash & Equiv. ($mil)34.23110.88
Total Assets ($mil)7283.426584.77
Total Debt ($mil)2804.571968.59
Equity ($mil)2979.863104.6


Profitability Q1 FY16 Q1 FY15
Gross Profit Margin62.2856.7
EBITDA Margin40.31-2.5
Operating Margin22.4-19.34
Sales Turnover0.220.22
Return on Assets0.0314.16
Return on Equity0.0930.04
Debt Q1 FY16 Q1 FY15
Current Ratio0.660.85
Debt/Capital0.480.39
Interest Expense56.931.52
Interest Coverage1.56-2.44


Share Data Q1 FY16 Q1 FY15
Shares outstanding (mil)80.2677.41
Div / share1.151.02
EPS0.28-1.22
Book value / share37.1340.1
Institutional Own % n/a n/a
Avg Daily Volume481850.0745907.0

Valuation


HOLD. MACQUARIE INFRASTRUCTURE CP's P/E ratio indicates a significant premium compared to an average of 1368.39 for the Transportation Infrastructure industry and a significant premium compared to the S&P 500 average of 25.05. For additional comparison, its price-to-book ratio of 2.08 indicates a discount versus the S&P 500 average of 2.81 and a discount versus the industry average of 3.55. 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 3859.00 Peers 1368.39   MIC 15.12 Peers 18.39

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

MIC is trading at a significant 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 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 39.54 Peers 33.10   MIC NM Peers 2.01

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 significant premium to its peers.

 

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.

MIC's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
MIC 2.08 Peers 3.55   MIC -99.85 Peers -43.98

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.

 

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

However, MIC is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
MIC 3.78 Peers 7.39   MIC 11.12 Peers 16.46

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.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

MIC significantly trails its peers on the basis of sales growth

 

 

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