Macquarie Infrastructure Corp

Find Ratings Reports
MIC : NYSE : Services
$83.19 | %
Today's Range: 0.00 - 0.00
Avg. Daily Volume: 407,200
09/27/16 - 4:02 PM ET

Financial Analysis


MACQUARIE INFRASTRUCTURE CP's gross profit margin for the second 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, representing an increase to the bottom line. MACQUARIE INFRASTRUCTURE CP has very weak liquidity. Currently, the Quick Ratio is 0.43 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 decreased by 6.56% 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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit www.TheStreetRatings.com.



Income Statement Q2 FY16 Q2 FY15
Net Sales ($mil)397.58423.69
EBITDA ($mil)152.883.5
EBIT ($mil)76.51-66.2
Net Income ($mil)19.19-63.1


Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)37.74189.24
Total Assets ($mil)7280.397492.67
Total Debt ($mil)2824.642811.08
Equity ($mil)2919.423124.38


Profitability Q2 FY16 Q2 FY15
Gross Profit Margin60.7954.29
EBITDA Margin38.450.82
Operating Margin19.24-15.62
Sales Turnover0.220.22
Return on Assets1.1611.47
Return on Equity2.9127.52
Debt Q2 FY16 Q2 FY15
Current Ratio0.631.14
Debt/Capital0.490.47
Interest Expense39.522.34
Interest Coverage1.94-2.96


Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)80.579.5
Div / share1.21.07
EPS0.24-0.8
Book value / share36.2639.3
Institutional Own % n/a n/a
Avg Daily Volume429921.0517047.0

Valuation


BUY. MACQUARIE INFRASTRUCTURE CP's P/E ratio indicates a significant premium compared to an average of 47.84 for the Transportation Infrastructure industry and a significant premium compared to the S&P 500 average of 25.19. To use another comparison, its price-to-book ratio of 2.29 indicates a discount versus the S&P 500 average of 2.82 and a significant discount versus the industry average of 3.87. 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 78.31 Peers 47.84   MIC 14.37 Peers 17.40

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 44.08 Peers 38.80   MIC NM Peers 3.01

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 2.29 Peers 3.87   MIC -91.28 Peers -30.15

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 4.15 Peers 7.07   MIC -0.31 Peers 9.89

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

 

 

Latest Stock Upgrades/Downgrades