Midway Limited chart

Last update: 2021-02-19
Key statistics and financials
Revenue per share 2.22
Dividend & YieldN/A$ (N/A)
Beta 0.79
Market capitalization 84.72M
Operating cash flow 10.55M
ESG Scores unknown

Company description

Midway Limited purchases, processes, markets, and exports woodfibre to the pulp and paper industry in Australia, China, Japan, and South East Asia. It operates through Woodfibre, Forestry Logistics, and Plantation Management segments. The company offers hardwood and softwood woodchips. It also provides support services to third parties engaged in growing woodfibre, including harvest, infield chipping, and haulage; and planation management services. In addition, the company markets third party woodfibre. The company was incorporated in 1980 and is headquartered in North Geelong, Australia.

Sector: Basic Materials - Industry: Lumber & Wood Production

Financial Ratios
Quick Ratio0.94
Working Capital-0.41
Return On Equity-0.04
Debt To Equity0.22
Fixed Asset Ratio-0.23
Fixed Interest Cover2.82

Financial data

Financial Statements

Cashflow Statement 2018-06-30 2019-06-30 2020-06-30 2021-06-30
Change To Liabilities 1.58M 487k -14.47M 756k
Total Cashflows From Investing Activities -14.98M -13.11M -3.64M -5.22M
Net Borrowings 10.62M -12.58M -4.58M -14.8M
Total Cash From Financing Activities -2.86M 8.34M -11.93M -15.15M
Change To Operating Activities 878k 4.75M 1.15M -282k
Issuance Of Stock 35M 35M
Net Income 18.36M 25.79M -12.02M -5.36M
Change In Cash -4.67M 5.16M -4.47M 1.91M
Effect Of Exchange Rate
Total Cash From Operating Activities 13.16M 9.93M 11.1M 22.27M
Depreciation 4.46M 8.63M 13.09M 11.27M
Change To Account Receivables -9.63M -847k 13.91M -8.81M
Other Cashflows From Financing Activities 518k 518k 513k -345k
Change To Netincome -5.89M -13.21M 14.5M 9M
Capital Expenditures -13.88M -7.52M -6.98M -5.55M

Income Statement 2018-06-30 2019-06-30 2020-06-30 2021-06-30
Research Development
Income Before Tax 24.72M 33.14M -17.84M -5.05M
Net Income 18.36M 25.79M -12.02M -5.36M
Selling General Administrative 62.61M 77.58M 76.95M 59.53M
Gross Profit 94.85M 119.42M 95.51M 81.83M
Ebit 20.48M 21.57M -1.64M 5.67M
Operating Income 20.48M 21.57M -1.64M 5.67M
Interest Expense -1.98M -2.18M -2.16M -2.01M
Income Tax Expense 6.32M 6.98M -6.11M 127k
Total Revenue 236.07M 289.44M 262.39M 280.79M
Cost Of Revenue 141.23M 170.01M 166.88M 198.97M
Total Other Income ExpenseNet 4.24M 11.57M -16.2M -10.72M
Net Income From Continuing Ops 18.4M 26.16M -11.73M -5.18M
Net Income Applicable To Common Shares 18.36M 25.79M -12.02M -5.36M

Balance Sheet Statement 2018-06-30 2019-06-30 2020-06-30 2021-06-30
Total Liabilities 89.11M 134.37M 130.49M 130.65M
Total Stockholder Equity 97.64M 141.12M 128.28M 131.06M
Other Current Liabilities 11.34M 21.13M 21.21M 27.26M
Total Assets 188.34M 277.03M 260.6M 262.89M
Common Stock 29.05M 64.79M 64.89M 64.89M
Other Current Assets 16.97M 8.46M 10.49M 12.06M
Retained Earnings 36.31M 44.18M 24.47M 19.11M
Treasury Stock 32.29M 32.14M 38.92M 47.06M
Cash 10.36M 15.52M 11.05M 12.96M
Total Current Liabilities 37.02M 38.84M 41.38M 46.37M
Other Stockholder Equity 32.29M 32.14M 38.92M 47.06M
Property, Plant, and Equipment 111.72M 177.98M 181.46M 182.66M
Total Current Assets 52.93M 71.32M 54.77M 59.29M
Net Tangible Assets 86.89M 131.87M 126.31M 129.09M
Net Receivables 19.46M 24.66M 4.01M 18.63M
Accounts Payable 18.37M 11.08M 8.56M 9.55M


Insider Transactions

Here are the insider transactions of stock shares related to Midway Limited:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Price (Anthony)D2022-01-24Former190.33k
Bennett (Anthony)D2020-12-01Former2.56M
Price (Anthony)Purchase at price 0.72 per share.D2020-10-06Chief Executive Officer10k
McCormack (Gregory)D2020-08-31Non Executive Chairman1
Gunnersen (Nils)D2020-06-30Director (Non-Executive)7
McCormack (Gregory)Purchase at price 0.57 per share.D2020-03-20Non Executive Chairman100k
Price (Anthony)Purchase at price 1.02 per share.D2020-02-28Chief Executive Officer6.33k
Heywood (Leanne)Purchase at price 1.27 per share.D2019-11-04Director (Non-Executive)5k
Price (Anthony)Purchase at price 1.26 per share.D2019-11-04Chief Executive Officer8k
Davis (Gordon Richard)Purchase at price 1.28 per share.D2019-11-01Director (Independent)25k
Gunnersen (Nils)Purchase at price 1.27 per share.D2019-11-01Director (Non-Executive)9.84k
Price (Anthony)D2019-08-29Chief Executive Officer65k
Bennett (Anthony)Sale at price 2.42 per share.D2019-06-13Director (Non-Executive)40k
McCormack (Gregory)Sale at price 2.55 per share.D2019-03-29Non Executive Chairman1.83M
Gunnersen (Nils)Sale at price 2.75 per share.D2019-03-14Director (Non-Executive)9.61k
Price (Anthony)D2018-12-10Chief Executive Officer40k
Gunnersen (Nils)Purchase at price 2.09 per share.D2018-11-07Director (Non-Executive)3.41k
Bennett (Anthony)Other at price 2.13 per share.D2018-10-18Director (Non-Executive)5k
Keene (Thomas Bodley)Other at price 2.13 per share.D2018-10-18Director (Independent)5k
Price (Anthony)D2018-10-18Chief Executive Officer5k
McCormack (Gregory)Sale at price 2.18 per share.D2018-09-19Non Executive Chairman1.7M
Price (Anthony)D2018-06-30Chief Executive Officer40k
Davis (Gordon Richard)Purchase at price 1.98 per share.D2018-03-01Director (Independent)16k
Bennett (Anthony)Purchase at price 1.93 per share.D2017-09-19Director (Non-Executive)100k
Davis (Gordon Richard)Purchase at price 1.91 per share.D2017-09-18Director (Independent)19k
Bennett (Anthony)Purchase at price 1.80 per share.D2017-04-28Director (Non-Executive)20k
Gunnersen (Nils)Purchase at price 1.82 per share.D2016-12-13Director (Non-Executive)3.7k
Gunnersen (Nils)Purchase at price 1.81 per share.D2016-12-13Director (Non-Executive)2.5k
Davis (Gordon Richard)Purchase at price 1.84 per share.D2016-12-12Director (Independent)15k
Davis (Gordon Richard)Purchase at price 1.85 per share.D2016-12-12Director (Independent)13.92k
Davis (Gordon Richard)Purchase at price 1.84 per share.D2016-12-12Director (Independent)881
Davis (Gordon Richard)Purchase at price 1.83 per share.D2016-12-12Director (Independent)200
McCormack (Gregory)Purchase at price 1.78 per share.D2016-12-12Non Executive Chairman60k
Price (Anthony)Purchase at price 1.82 per share.D2016-12-09Chief Executive Officer10k
Price (Anthony)Purchase at price 1.80 per share.D2016-12-09Chief Executive Officer6k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Midway Limited. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Midway Limited

Here is the result of two systematic investment strategies applied to Midway Limited. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Midway Limited

The following chart shows the equity curve of the two systematic investment strategies applied to Midway Limited:

Midway Limited automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -53.16% on the backtest period.

Performance at glance

Performance

-53.16 %

Latent gain

-1460.58 $

Invested capital

2747.52 $

Annualized return

-12.66 %
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Momentum strategy results on Midway Limited

This is the result of two momentum investment strategies applied to Midway Limited. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Midway Limited

The following chart shows all the entries opened by the momentum investment system on Midway Limited:

Midway Limited momentum entries
  • The first momentum investment strategy would give -58.64% of return on Midway Limited. That represents -3076.59$ of latent gain with 5246.55$ of employed capital.
  • The second momentum investment strategy would give -60.48% of return on Midway Limited. That represents -1813.09$ of latent gain with 2997.78$ of employed capital.
Performance at glance (1Q Momentum)

Performance

-58.64 %

Latent gain

-3076.59 $

Invested capital

5246.55 $

Annualized return

-32.3 %
Performance at glance (2Q Momentum)

Performance

-60.48 %

Latent gain

-1813.09 $

Invested capital

2997.78 $

Annualized return

-16.26 %

Momentum equity curve on Midway Limited

The following chart shows the equity curve of the two momentum strategies applied to Midway Limited:

Midway Limited momentum equity

Note: the dividends potentially given by Midway Limited are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Midway Limited

The following chart shows the employed capital evolution of the two momentum strategies on Midway Limited since the beginning:

Midway Limited

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Midway Limited

Buy the dip entry openings on Midway Limited

Midway Limited

The performance achieved by the robo-advisor on Midway Limited is -71.06%. That represents -178.45$ of latent gain with 251.12$ of employed capital. The following chart shows Midway Limited stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Midway Limited, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

-71.06 %

Latent gain

-178.45 $

Invested capital

251.12 $

Annualized return

-32.3 %

Equity curve of the strategy applied to Midway Limited

The following chart shows the result of the investment strategy applied to Midway Limited:

Midway Limited

Note: the dividends potentially given by Midway Limited are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Midway Limited

The following chart shows the employed capital evolution since the beginning of the investment strategy on Midway Limited:

Midway Limited

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Midway Limited

In this section, I will compare the three previous investment strategies applied to Midway Limited.

Equity curve comparison on Midway Limited

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Midway Limited investment strategy comparison

Employed capital comparison on Midway Limited

Midway Limited investment comparison

Performance comparison on Midway Limited

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -53.16% -1460.58$ 2747.52$ -12.66%
Momentum 1 quarter -58.64% -3076.59$ 5246.55$ -14.81%
Momentum 2 quarters -60.48% -1813.09$ 2997.78$ -16.26%
Non-directional -71.06% -178.45$ 251.12$ -32.3%
Annualized return comparison

Automatic investment

-12.66 %

Momentum 1Q

-16.26 %

Momentum 2Q

-16.26 %

Non-directional

-32.3 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Midway Limited:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between Midway Limited and the other stocks. There may be false positives or some missing correlated stocks. If the price of Midway Limited does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Midway Limited
Country Australia
City North Geelong
Address North Geelong MDC
Phone 61 3 5277 9255
Website www.midwaylimited.com.au
FullTime employees
Industry Lumber & Wood Production
Sector Basic Materials
Exchange XASX
Ticker MWY.XASX
Market www2.asx.com.au

Midway Limited ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown