Financials Malta International Airport p.l.c.

Equities

MIA

MT0000250101

Airport Services

End-of-day quote Malta S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
5.65 EUR -0.88% Intraday chart for Malta International Airport p.l.c. -0.88% -1.74%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 784.7 933.6 838.9 811.8 784.7 778
Enterprise Value (EV) 1 764.5 953.2 861 832.7 794.9 770.7
P/E ratio 25.9 x 27.5 x -197 x 116 x 20.2 x 19.3 x
Yield 2.07% 0.43% - - 3.18% 4.01%
Capitalization / Revenue 8.51 x 9.31 x 26.1 x 17.1 x 8.92 x 6.47 x
EV / Revenue 8.29 x 9.51 x 26.7 x 17.6 x 9.03 x 6.41 x
EV / EBITDA 14 x 15.7 x 271 x 44.8 x 15.6 x 10.6 x
EV / FCF 27.8 x 42.8 x 747 x 751 x -301 x 18.7 x
FCF Yield 3.6% 2.33% 0.13% 0.13% -0.33% 5.36%
Price to Book 6.97 x 7.23 x 6.72 x 6.16 x 4.59 x 4.08 x
Nbr of stocks (in thousands) 135,300 135,300 135,300 135,300 135,300 135,300
Reference price 2 5.800 6.900 6.200 6.000 5.800 5.750
Announcement Date 2/21/19 2/26/20 2/24/21 4/14/22 2/22/23 2/28/24
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 92.19 100.2 32.19 47.43 88.02 120.2
EBITDA 1 54.45 60.75 3.18 18.59 51.1 72.59
EBIT 1 47.06 54.66 -3.738 9.975 42.34 62.68
Operating Margin 51.05% 54.53% -11.61% 21.03% 48.11% 52.12%
Earnings before Tax (EBT) 1 47.1 52.6 -5.773 11.11 41.75 62.25
Net income 1 30.34 33.93 -4.25 6.974 38.87 40.3
Net margin 32.9% 33.85% -13.2% 14.7% 44.16% 33.52%
EPS 2 0.2242 0.2508 -0.0314 0.0515 0.2873 0.2979
Free Cash Flow 1 27.49 22.25 1.152 1.11 -2.642 41.32
FCF margin 29.82% 22.2% 3.58% 2.34% -3% 34.36%
FCF Conversion (EBITDA) 50.49% 36.62% 36.24% 5.97% - 56.93%
FCF Conversion (Net income) 90.63% 65.57% - 15.91% - 102.53%
Dividend per Share 2 0.1200 0.0300 - - 0.1846 0.2307
Announcement Date 2/21/19 2/26/20 2/24/21 4/14/22 2/22/23 2/28/24
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 19.6 22.1 20.9 10.1 -
Net Cash position 1 20.3 - - - - 7.3
Leverage (Debt/EBITDA) - 0.3223 x 6.955 x 1.126 x 0.1981 x -
Free Cash Flow 1 27.5 22.2 1.15 1.11 -2.64 41.3
ROE (net income / shareholders' equity) 29.1% 28.1% -3.35% 5.44% 25.7% 22.3%
ROA (Net income/ Total Assets) 16.7% 16.8% -0.99% 2.61% 10% 12.7%
Assets 1 181.9 202.6 430.3 267.2 387.6 316.8
Book Value Per Share 2 0.8300 0.9500 0.9200 0.9700 1.260 1.410
Cash Flow per Share 2 0.1500 0.2100 0.1900 0.1600 0.1800 0.1800
Capex 1 8.43 19.4 16.1 8.36 12.2 37.7
Capex / Sales 9.15% 19.33% 50.07% 17.62% 13.84% 31.39%
Announcement Date 2/21/19 2/26/20 2/24/21 4/14/22 2/22/23 2/28/24
1EUR in Million2EUR
Estimates
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