MIDWAY LIMITED (MWY)
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MWY - MIDWAY LIMITED

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

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.14

24 Sep
2021

-0.010

OPEN

$1.15

-0.87%

HIGH

$1.15

67,772

LOW

$1.13

TARGET
$1.15 0.9% 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 . ABR . WLD . SGL . D2O . UMG . TFL . HFR . LGL .
FNARENA'S MARKET CONSENSUS FORECASTS
MWY: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx - 13.7 2.1 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 54.3 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A 0.0% 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 - 9c (100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 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 Assets xxxxxxxxxxxxxxx-2.05 %
Return on Equity xxxxxxxxxxxxxxx-4.14 %
Return on Total Capital xxxxxxxxxxxxxxx2.71 %
Capex xxxxxxxxxxxxxxx5.5 M
Capex % of Sales xxxxxxxxxxxxxxx1.98 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx15.9 M

Return on Assets

Return on Equity

Return on Total Capital

Capex

Capex % of Sales

Free Cash Flow ex dividends

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EXPERT VIEWS
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Sentiment Indicator

0.5

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

02/03/2021

3

Hold

$1.07

-6.14%

Despite lower US dollar wood chip prices, Morgans assesses Midway reported solid earnings growth in the 1H21 (off a low base). Key drivers were considered increased sales volumes, lower wood fibre supply costs, favourable FX and increased wood fibre content. 

These positives were partially offset by the lower US dollar woodchip prices and the temporary shutdown of the SWF Myamyn Mill (now restarted). Management noted global export market conditions started to improve towards the end of 1H21. 

The Hold rating is maintained and the target price is decreased to $1.07 from $1.12 after balancing a recovery in woodchip prices versus the strengthening Australian dollar.

FORECAST
Morgans forecasts a full year FY21 dividend of 0.00 cents and EPS of 4.00 cents.
Morgans forecasts a full year FY22 dividend of 5.00 cents and EPS of 8.00 cents.

MWY STOCK CHART