Macquarie Infrastructure Corporation (MIC): Price and Financial Metrics

Macquarie Infrastructure Corporation (MIC)

Today's Latest Price: $28.26 USD

0.02 (-0.07%)

Updated Jan 28 10:23am

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Overall POWR Rating

POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank

Industry Rank:

Ranked of 73 in Air/Defense Services

See all "A" rated Strong Buy stocks

MIC Stock Summary

  • MIC's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 1.04 -- higher than just 18.26% of US-listed equities with positive expected earnings growth.
  • With a year-over-year growth in debt of -31.94%, Macquarie Infrastructure Corp's debt growth rate surpasses merely 9.88% of about US stocks.
  • In terms of twelve month growth in earnings before interest and taxes, Macquarie Infrastructure Corp is reporting a growth rate of -270.25%; that's higher than only 7.36% of US stocks.
  • Stocks that are quantitatively similar to MIC, based on their financial statements, market capitalization, and price volatility, are CNTY, AVA, OTEL, TIGO, and NMM.
  • Visit MIC's SEC page to see the company's official filings. To visit the company's web site, go to mic.

MIC Stock Price Chart Interactive Chart >

Price chart for MIC

MIC Price/Volume Stats

Current price $28.26 52-week high $45.74
Prev. close $28.28 52-week low $12.50
Day low $28.16 Volume 166,226
Day high $28.61 Avg. volume 1,319,916
50-day MA $33.33 Dividend yield 3.54%
200-day MA $29.67 Market Cap 2.46B

Macquarie Infrastructure Corporation (MIC) Company Bio

Macquarie Infrastructure Company operates and invests in a diversified group of infrastructure businesses providing basic services to customers in the United States. Its businesses consist of a bulk liquid terminals business, International-Matex Tank Terminals, an airport services business, Atlantic Aviation, a gas processing and distribution business, Hawaii Gas, and several entities comprising a Contracted Power and Energy segment. The company was founded in 2004 and is based in New York, New York.

MIC Price Forecast Based on DCF Valuation

Current PriceDCF Fair Value Target: Forecasted Gain:
$28.26$10.46 -63%

Below please find a table outlining a discounted cash flow forecast for MIC, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Macquarie Infrastructure Corp ranked in the 28th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 62.83%. The most interesting components of our discounted cash flow analysis for Macquarie Infrastructure Corp ended up being:

  • The company's balance sheet shows it gets 55% of its capital from equity, and 45% of its capital from debt. Its equity weight surpasses that of merely 22.48% of free cash flow generating stocks in the Industrials sector.
  • Macquarie Infrastructure Corp's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
  • Macquarie Infrastructure Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -4.7. This coverage rate is greater than that of only 12.52% of stocks we're observing for the purpose of forecasting via discounted cash flows.

Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price

DOV, NLSN, VRSK, ADP, and CLCT can be thought of as valuation peers to MIC, in the sense that they are in the Industrials sector and have a similar price forecast based on DCF valuation.

MIC Latest News Stream

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Latest MIC News From Around the Web

Below are the latest news stories about Macquarie Infrastructure Corp that investors may wish to consider to help them evaluate MIC as an investment opportunity.

Macquarie Infrastructure Seeks Bids for Atlantic Aviation

(Bloomberg) -- Macquarie Infrastructure Corp. is seeking bids for services provider Atlantic Aviation, according to people with knowledge of the matter.Atlantic could fetch as much as $4 billion, including debt, if suitors value the company at a similar multiple to rival Signature Aviation Plc, some of the people said, asking not to be identified because the information isn’t public. Atlantic offers hangar space, aircraft maintenance and other services.Signature this month agreed to a buyout by Global Infrastructure Partners valued at almost $7 billion, including debt, and previously drew interest from Blackstone Group Inc. and its top shareholder, Bill Gates’ Cascade Investment.A spokesman for MIC declined to comment.Shares of New York-based MIC have fallen 36% in the past 12 months. T...

Yahoo | January 26, 2021

Cincinnati Bell Inc. Announces Full Year and Fourth Quarter 2020 Earnings Issue Date

CINCINNATI--(BUSINESS WIRE)--Cincinnati Bell Inc. (NYSE:CBB) will issue its financial results for the full year and fourth quarter of 2020 before the market opens on Thursday, February 18, 2021. Cincinnati Bell will not hold an earnings conference call this quarter due to its March 13, 2020 announcement indicating the pending acquisition by Macquarie Infrastructure Partners. About Cincinnati Bell Inc. With headquarters in Cincinnati, Ohio, Cincinnati Bell Inc. (NYSE: CBB) delivers integrated co

Business Wire | January 14, 2021

Macquarie Infrastructure: Slightly Expensive After Latest Sale

Macquarie Infrastructure Corporation (MIC) reported a sale of its key business segment recently. It followed that up with the announcement of a large payback for the shareholders and the market rejoiced at the prospects of a $11/dividend per share. We breakdown why this is a great opportunity to exit. The...

Trapping Value on Seeking Alpha | December 29, 2020

MIC Announces Closing of Sale of IMTT, Record Date for Special Dividend of $11.00 Per Share

Macquarie Infrastructure Corporation (NYSE: MIC) today announced that it has successfully completed the sale of its International-Matex Tank Terminals ("IMTT") business to an affiliate of Riverstone Holdings, Inc. for $2.67 billion, net of closing adjustments, and including assumed debt of approximately $1.11 billion. MIC announced that it had entered into the agreement to sell IMTT on November 9, 2020.

Yahoo | December 23, 2020

Transportation Sector Set for a Strong Move Higher

Charts are reiterating the importance of transportation sector in today's economy and in the portfolio of active traders.

Yahoo | December 23, 2020

Read More 'MIC' Stories Here

MIC Price Returns

1-mo -24.34%
3-mo 9.53%
6-mo -5.67%
1-year -35.12%
3-year -47.16%
5-year -38.83%
YTD -24.74%
2020 -10.22%
2019 29.24%
2018 -36.47%
2017 -15.47%
2016 20.48%

MIC Dividends

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Continue Researching MIC

Here are a few links from around the web to help you further your research on Macquarie Infrastructure Corp's stock as an investment opportunity:

Macquarie Infrastructure Corp (MIC) Stock Price | Nasdaq
Macquarie Infrastructure Corp (MIC) Stock Quote, History and News - Yahoo Finance
Macquarie Infrastructure Corp (MIC) Stock Price and Basic Information | MarketWatch

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