Macquarie Infrastructure Corporation (MIC): Price and Financial Metrics


Macquarie Infrastructure Corporation (MIC): $39.47

-0.08 (-0.20%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

MIC POWR Grades


  • MIC scores best on the Momentum dimension, with a Momentum rank ahead of 84.93% of US stocks.
  • The strongest trend for MIC is in Momentum, which has been heading up over the past 31 weeks.
  • MIC's current lowest rank is in the Value metric (where it is better than 22.75% of US stocks).

MIC Stock Summary

  • With a year-over-year growth in debt of -59.99%, Macquarie Infrastructure Corp's debt growth rate surpasses merely 5.87% of about US stocks.
  • Over the past twelve months, MIC has reported earnings growth of -355.2%, putting it ahead of only 5.8% of US stocks in our set.
  • Shareholder yield, a measure of how much is returned to shareholders via dividends and share repurchases, for MIC comes in at 64.13% -- higher than that of 96.82% of stocks in our set.
  • Stocks that are quantitatively similar to MIC, based on their financial statements, market capitalization, and price volatility, are NEXA, ATGFF, SAVE, TAC, and JBLU.
  • MIC's SEC filings can be seen here. And to visit Macquarie Infrastructure Corp's official web site, go to mic.

MIC Valuation Summary

  • In comparison to the median Industrials stock, MIC's EV/EBIT ratio is 126.69% lower, now standing at -6.3.
  • Over the past 202 months, MIC's price/earnings ratio has gone up 40.7.
  • Over the past 202 months, MIC's price/sales ratio has gone down 150.6.

Below are key valuation metrics over time for MIC.

Stock Date P/S P/B P/E EV/EBIT
MIC 2020-06-15 1.6 1.0 27.7 19.7
MIC 2018-10-11 1.9 1.2 7.2 19.4
MIC 2014-10-24 4.3 4.7 82.5 40.6
MIC 2007-06-08 2.7 1.9 32.1 22.0
MIC 2007-05-23 2.7 1.9 32.4 22.1
MIC 2006-11-29 2.8 2.2 80.0 33.6

MIC Growth Metrics

  • Its 3 year cash and equivalents growth rate is now at 1728.59%.
  • Its 2 year price growth rate is now at -26.29%.
  • The 2 year net cashflow from operations growth rate now stands at -30.09%.
MIC's revenue has moved down $759,610,000 over the prior 49 months.

The table below shows MIC's growth in key financial areas (numbers in millions of US dollars).

Date Revenue Operating Cash Flow Net Income to Common Stock
2021-03-31 947.191 281.993 -925.8
2020-12-31 847 341 -928
2020-09-30 1,303 343 -876
2020-06-30 1,506 344 78
2020-03-31 1,661 381 97
2019-12-31 1,727 420 156

MIC Price Target

For more insight on analysts targets of MIC, see our MIC price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.

Average Price Target $39.67 Average Broker Recommendation 1.83 (Hold)

MIC Stock Price Chart Interactive Chart >

Price chart for MIC

MIC Price/Volume Stats

Current price $39.47 52-week high $41.00
Prev. close $39.55 52-week low $24.47
Day low $39.08 Volume 834,700
Day high $39.58 Avg. volume 1,275,274
50-day MA $38.12 Dividend yield N/A
200-day MA $33.48 Market Cap 3.46B

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:
$39.47$18.87 -47%

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 38th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. As for the metrics that stood out in our discounted cash flow analysis of Macquarie Infrastructure Corp, consider:

  • 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 -7.92. This coverage rate is greater than that of only 8.3% of stocks we're observing for the purpose of forecasting via discounted cash flows.
  • The weighted average cost of capital for the company is 13. This value is greater than 88.43% stocks in the Industrials sector that generate free cash flow.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%-48%
1%-47%
2%-47%
3%-46%
4%-46%
5%-45%

CTAS, EMR, GD, MLI, and NVT 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.

MIC Announces Record Date and Meeting Date for Special Meeting of Shareholders

NEW YORK, July 28, 2021--Macquarie Infrastructure Corporation (NYSE: MIC) (the "Company") today announced that its Board of Directors set August 23, 2021 as the record date for a Special Meeting of Shareholders to be held virtually at 10:00am on September 21, 2021.

Yahoo | July 28, 2021

Analysts Estimate Macquarie (MIC) to Report a Decline in Earnings: What to Look Out for

Macquarie (MIC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Yahoo | July 27, 2021

Is Macquarie Infrastructure Corporation (MIC) A Good Stock To Buy?

While the market driven by short-term sentiment influenced by the accommodative interest rate environment in the US, virus news and stimulus spending, many smart money investors are starting to get cautious towards the current bull run since March, 2020 and hedging or reducing many of their long positions. Some fund managers are betting on Dow […]

Yahoo | July 6, 2021

Here's Why You Should Consider Investing in Macquarie (MIC)

Macquarie (MIC) stands to benefit from recovery of general aviation flight activity, cost-reduction actions, growth capital projects and shareholder-friendly policies.

Yahoo | June 25, 2021

Here's Why It is Worth Investing in ITT Stock Right Now

ITT stands to benefit from strength across its businesses, innovation investments, cost-control measures and shareholder-friendly policies.

Yahoo | June 23, 2021

Read More 'MIC' Stories Here

MIC Price Returns

1-mo 1.75%
3-mo 14.54%
6-mo 31.74%
1-year 31.44%
3-year 1.80%
5-year -31.74%
YTD 5.11%
2020 -10.22%
2019 29.24%
2018 -36.47%
2017 -15.47%
2016 20.48%

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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