Midway Limited (MWY) - Research

$2.730 0.06 (2.25%)

MWY General Information +

Website http://www.midwaylimited.com.au
GICS Sub-Industry Paper Products
Market Cap ($M) 238
Current Price $2.730
Day High $2.770
Day Low $2.700
Last Close $2.670
Price Movement $0.06 ( 2.25% )
Prices as at 16:40, 16 Sep 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

MWY Company Overview

Business Description

Midway Limited (MWY) is involved in the production and export of woodfibre to producers of pulp, paper and associated products in Japan and China. The Group derives income from producing hardwood and softwood woodchips mostly from logs acquired from private plantation owners in Victoria, South Australia, New South Wales and Queensland. MWY has four operating segments namely Midway Geelong, South West Fibre, Queensland Commodity Exports and Plantation Management Partners.

MWY Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2021 F 0.00 27.50 8.90% 9.90 18.00 6.60% 0.0%
2020 F 0.00 25.30 -6.30% 10.80 18.00 6.60% 0.0%
2019 A 23.10 27.00 10.00% 12.10 18.00 5.50% 100.0%

MWY Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2019 A 2020 F 2021 F 2019 A 2020 F 2021 F 2019 A 2020 F 2021 F
Midway (MWY) $233M 0.1004 -0.0630 0.0890 9.8999 10.5659 9.7020 6.74% 6.74% 6.74%

MWY Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.54 10.26 1.69 10.11
Market 0.61 17.70 1.24 1.38
Sector 1.56 13.00 1.39 0.45

MWY Directors

Name Position Start Date
Mr Anthony (Tony) Price Chief Executive Officer, Managing Director 10 Nov 2015
Mr Gregory Henry McCormack Non-Executive Chairman, Non-Executive Director 27 Nov 1997
Mr Thomas (Tom) B Keene Non-Executive Director 20 Aug 2008
Mr Gordon Richard Davis Non-Executive Director 6 Apr 2016
Mr Tom Gunnersen Non-Executive Director 26 Feb 2018
Ms Leanne Heywood Non-Executive Director 1 Mar 2019
Mr Nils Gunnersen Non-Executive Director 25 Oct 2012
Mr Anthony Bennett Non-Executive Director 28 Nov 2013

MWY Management

Name Position
Ashley Merrett Chief Financial Officer
Sophie Karzis Company Secretary

MWY Substantial Shareholders

Holding Name
28,525,892 (38.08%) Chebmont Pty Ltd
13,038,379 (17.41%) McCormack Timber Holdings Pty Ltd
4,688,526 (6.26%) E.T. and E.W. Murnane Pty Ltd

MWY Calendar of Events

Date Event
26 August 2020 Report (Prelim)
20 February 2020 Report (Interim)
28 October 2019 Div Pay Date
01 October 2019 Report (Annual)

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