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
DCF Fair Value Target:
We started the process of determining a valid price forecast for Macquarie Infrastructure Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Macquarie Infrastructure Corp ranked in the 23th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. In terms of the factors that were most noteworthy in this DCF analysis for MIC, they are:
41% of the company's capital comes from equity, which is greater than merely 22.59% of stocks in our cash flow based forecasting set.
The business' balance sheet suggests that 59% of the company's capital is sourced from debt; this is greater than 77.37% of the free cash flow producing stocks we're observing.
The weighted average cost of capital for the company is 8. This value is greater than 64.72% stocks in the Industrials sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
CVA, GNRC, SYEV, TRNS, and USAK 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.
Infrastructure fund Macquarie has made an offer to buy all or part of Enel's 50% stake in its broadband joint venture Open Fiber in a move that could help speed up the creation of a single Italian network operator. The Italian government sees building ultra-fast broadband as a priority and has called on former phone monopoly Telecom Italia (TIM) and Open Fiber to reach an accord quickly on creating a single network. TIM has been in talks for months over a merger of its fibre network assets with those of Open Fiber, but differences over issues such as governance and regulation have thwarted efforts.