Macquarie Infrastructure Corp

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MIC : NYSE : Services
$78.47 -0.37 | -0.47%
Today's Range: 78.415 - 79.149
Avg. Daily Volume: 559900.0
05/23/17 - 3:59 PM ET

Financial Analysis


MACQUARIE INFRASTRUCTURE CP's gross profit margin for the fourth quarter of its fiscal year 2016 is essentially unchanged 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 0.74 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 2.55% 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 Q4 FY16 Q4 FY15
Net Sales ($mil)437.24401.35
EBITDA ($mil)150.08130.71
EBIT ($mil)80.259.99
Net Income ($mil)72.8132.92


Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)61.1941.34
Total Assets ($mil)7559.257378.83
Total Debt ($mil)3079.982833.29
Equity ($mil)2952.893030.19


Profitability Q4 FY16 Q4 FY15
Gross Profit Margin57.1456.55
EBITDA Margin34.3232.56
Operating Margin18.3414.95
Sales Turnover0.220.22
Return on Assets2.06-1.47
Return on Equity5.29-3.58
Debt Q4 FY16 Q4 FY15
Current Ratio0.970.78
Debt/Capital0.510.48
Interest Expense0.014.46
Interest Coverage0.04.15


Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)82.0580.01
Div / share1.291.13
EPS0.790.41
Book value / share35.9937.87
Institutional Own % n/a n/a
Avg Daily Volume542122.0636116.0

Valuation


BUY. This stock's P/E ratio indicates a premium compared to an average of 32.97 for the Transportation Infrastructure industry and a significant premium compared to the S&P 500 average of 25.02. To use another comparison, its price-to-book ratio of 2.14 indicates a discount versus the S&P 500 average of 3.00 and a significant discount versus the industry average of 5.05. 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 42.37 Peers 32.97   MIC 11.29 Peers 17.93

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 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 31.54 Peers 28.45   MIC 2.09 Peers 1.49

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 2.14 Peers 5.05   MIC 222.97 Peers 52.42

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 3.83 Peers 8.00   MIC 0.76 Peers 0.53

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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