MIDWAY LIMITED (MWY)
Share Price Analysis and Chart

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MWY - MIDWAY LIMITED

FNArena Sector : Agriculture
Year End: June
GICS Industry Group : Materials
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.97

18 Aug
2022

0.010

OPEN

$0.97

1.04%

HIGH

$0.97

26,891

LOW

$0.97

TARGET
$1.22 25.8% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
CGC . ELD . GNC . IPL . NUF . RHL . RIC . SHV . TFC . APC . AAC . MRG . NAM . AMN . WLD . CBO . SGL . SGLLV . D2O . UMG . TFL . HFR . LGL .
FNARENA'S MARKET CONSENSUS FORECASTS
MWY: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx - 6.1 - 7.9 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.00

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 05/09 - ex-div 9c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx-6.1
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx280.2 M
Book Value Per Share xxxxxxxxxxxxxxx150.1
Net Operating Cash Flow xxxxxxxxxxxxxxx22.3 M
Net Profit Margin xxxxxxxxxxxxxxx-1.91 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Capital Employed xxxxxxxxxxxxxxx-4.14 %
Return on Invested Capital xxxxxxxxxxxxxxx-3.22 %
Return on Assets xxxxxxxxxxxxxxx-2.05 %
Return on Equity xxxxxxxxxxxxxxx-4.14 %
Return on Total Capital xxxxxxxxxxxxxxx2.71 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx15.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

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Sentiment Indicator

0.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

01/03/2022

3

Downgrade to Hold from Buy

$1.22

25.77%

Ord Minnett downgrades its forecasts for Midway to account for disappointing 1H results and a soft outlook for volumes. The rating is lowered to Hold from Buy.

Revenue fell -39%, while underlying earnings (EBITDA) fell by -89% due to lower volumes out of the higher margin Geelong port. Low shipments in the half were considered largely due to the Chinese energy crisis. 

However, elevated freight costs are now leading Chinese customers to switch to cheaper products out of Asia, explains Ord Minnett.

The target falls to $1.22 from $1.78 after the analyst adopts a new valuation model due to account for uncertainty surrounding current trading conditions and outcomes of the new CEO's strategic review.

FORECAST
Ord Minnett forecasts a full year FY22 dividend of 0.00 cents and EPS of minus -7.90 cents.
Ord Minnett forecasts a full year FY23 dividend of 0.00 cents and EPS of minus -3.10 cents.

MWY STOCK CHART