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:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Macquarie Infrastructure Corp. To summarize, we found that Macquarie Infrastructure Corp ranked in the 11th 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:
Its compound free cash flow growth rate, as measured over the past 5.77 years, is -0.08% -- higher than just 16.14% of stocks in our DCF forecasting set.
39% of the company's capital comes from equity, which is greater than only 20.26% of stocks in our cash flow based forecasting set.
Relative to other stocks in its sector (Industrials), Macquarie Infrastructure Corp has a reliance on debt greater than 79.83% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Industrials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as MIC, try GE, TRI, FLR, PBI, and PSN.
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Macquarie Infrastructure Corporation (NYSE:MIC) today announced that Nick O’Neil has been seconded by the Company's manager, Macquarie Infrastructure Management (USA), to serve as chief financial officer of MIC effective September 1, 2020. The MIC board of directors has simultaneously approved the secondment and elected O’Neil chief financial officer.
Ladies and gentlemen, thank you for standing by, and welcome to the Macquarie Infrastructure Corporation Second Quarter 2020 Earnings Call. Forward-looking statements in this presentation are subject to a number of risks and uncertainties.