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.
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:
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 Flow
Return 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.
(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...
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
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
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.