Midway Limited (MWY) - Research

$3.420

MWY General Information +

ASX Code MWY
Website http://www.midwaylimited.com.au
GICS Sub-Industry Paper Products
Market Cap ($M) 298
Current Price $3.420
Day High $3.450
Day Low $3.420
Last Close $3.420
Price Movement - ( No change )
Prices as at 16:40, 26 Jun 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 (%)
2020 F 0.00 29.70 15.80% 11.50 18.00 5.30% 0.0%
2019 F 0.00 25.60 4.50% 13.30 18.00 5.30% 0.0%
2018 A 18.40 24.50 23.50% 9.90 18.00 7.40% 100.0%

MWY Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2018 A 2019 F 2020 F 2018 A 2019 F 2020 F 2018 A 2019 F 2020 F
Midway (MWY) $304M 0.2348 0.0453 0.1577 14.1983 13.5831 11.7330 5.17% 5.17% 5.17%

MWY Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.30 13.40 2.62 1.33
Market 0.59 14.90 1.16 0.99
Sector 1.44 12.70 1.23 0.76

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
20 February 2020 Report (Interim)
01 October 2019 Report (Annual)
29 August 2019 Report (Prelim)

DISCLOSURE: InvestSMART Group Limited employees may have an interest in the securities and managed funds displayed via this service. Please refer to our Financial Services Guide for more information.

Data shown on this website is sourced by Morningstar
© 2017 Morningstar. All rights reserved. Neither any Morningstar company nor any of their content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice has been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Limited, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. You should consider the advice in light of these matters and, if applicable, the relevant Product Disclosure Statement (in respect of Australian products) or Investment Statement (in respect of New Zealand products) before making any decision to invest. No Morningstar-affiliated company or any of their employees is providing you with personalised financial advice. To obtain advice tailored to your particular circumstances, please contact a professional financial adviser. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only.