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Malta International Airport

MTSE:MIA
Snowflake Description

Solid track record with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MIA
MTSE
€677M
Market Cap
  1. Home
  2. MT
  3. Transportation
Company description

Malta International Airport p.l.c. develops, operates, and manages Malta International Airport. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
  • Malta International Airport has significant price volatility in the past 3 months.
MIA Share Price and Events
7 Day Returns
0.8%
MTSE:MIA
6.5%
Europe Infrastructure
1.3%
MT Market
1 Year Returns
-23.7%
MTSE:MIA
-34.9%
Europe Infrastructure
-18.2%
MT Market
MIA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Malta International Airport (MIA) 0.8% -17.4% -27.5% -23.7% 19% 42.9%
Europe Infrastructure 6.5% -21.3% -35.2% -34.9% -27.2% -17.4%
MT Market 1.3% -15.8% -18.6% -18.2% -20.7% -2.3%
1 Year Return vs Industry and Market
  • MIA outperformed the Infrastructure industry which returned -34.9% over the past year.
  • MIA underperformed the Market in Malta which returned -18.2% over the past year.
Price Volatility
MIA
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Malta International Airport's competitors could be found in our database.

MIA Value

 Is Malta International Airport undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Malta International Airport to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Malta International Airport.

MTSE:MIA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.3%
Perpetual Growth Rate 10-Year MT Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for MTSE:MIA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year MT Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 7%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.694 (1 + (1- 35%) (7.8%))
0.819
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.65% + (0.819 * 6.96%)
6.35%

Discounted Cash Flow Calculation for MTSE:MIA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Malta International Airport is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

MTSE:MIA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.35%)
2020 35.41 Est @ 4.57% 33.29
2021 36.61 Est @ 3.4% 32.37
2022 37.55 Est @ 2.57% 31.22
2023 38.30 Est @ 2% 29.94
2024 38.91 Est @ 1.59% 28.60
2025 39.42 Est @ 1.31% 27.25
2026 39.86 Est @ 1.11% 25.91
2027 40.25 Est @ 0.97% 24.60
2028 40.60 Est @ 0.88% 23.33
2029 40.93 Est @ 0.81% 22.12
Present value of next 10 years cash flows €278.00
MTSE:MIA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €40.93 × (1 + 0.65%) ÷ (6.35% – 0.65%)
€722.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €722.83 ÷ (1 + 6.35%)10
€390.58
MTSE:MIA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €278.00 + €390.58
€668.58
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €668.58 / 135.30
€4.94
MTSE:MIA Discount to Share Price
Calculation Result
Value per share (EUR) From above. €4.94
Current discount Discount to share price of €5.00
= -1 x (€5.00 - €4.94) / €4.94
-1.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Malta International Airport is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Malta International Airport's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Malta International Airport's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MTSE:MIA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.25
MTSE:MIA Share Price ** MTSE (2020-04-07) in EUR €5
Europe Infrastructure Industry PE Ratio Median Figure of 38 Publicly-Listed Infrastructure Companies 10.84x
Malta Market PE Ratio Median Figure of 24 Publicly-Listed Companies 19.41x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Malta International Airport.

MTSE:MIA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= MTSE:MIA Share Price ÷ EPS (both in EUR)

= 5 ÷ 0.25

19.94x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Malta International Airport is overvalued based on earnings compared to the Europe Infrastructure industry average.
  • Malta International Airport is overvalued based on earnings compared to the Malta market.
Price based on expected Growth
Does Malta International Airport's expected growth come at a high price?
Raw Data
MTSE:MIA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Infrastructure Industry PEG Ratio Median Figure of 18 Publicly-Listed Infrastructure Companies 1.32x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Malta International Airport, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Malta International Airport's assets?
Raw Data
MTSE:MIA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €0.95
MTSE:MIA Share Price * MTSE (2020-04-07) in EUR €5
Europe Infrastructure Industry PB Ratio Median Figure of 44 Publicly-Listed Infrastructure Companies 1.08x
Malta Market PB Ratio Median Figure of 26 Publicly-Listed Companies 0.94x
MTSE:MIA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= MTSE:MIA Share Price ÷ Book Value per Share (both in EUR)

= 5 ÷ 0.95

5.24x

* Primary Listing of Malta International Airport.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Malta International Airport is overvalued based on assets compared to the Europe Infrastructure industry average.
X
Value checks
We assess Malta International Airport's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Infrastructure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Infrastructure industry average (and greater than 0)? (1 check)
  5. Malta International Airport has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MIA Future Performance

 How is Malta International Airport expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Malta International Airport has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.7%
Expected Infrastructure industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Malta International Airport expected to grow at an attractive rate?
  • Unable to compare Malta International Airport's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Malta International Airport's earnings growth to the market average as no estimate data is available.
  • Unable to compare Malta International Airport's revenue growth to the market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
MTSE:MIA Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
Europe Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
MTSE:MIA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MTSE:MIA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
MTSE:MIA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 100 49 34
2019-09-30 98 47 33
2019-06-30 96 46 31
2019-03-31 94 31
2018-12-31 92 37 30
2018-09-30 89 38 28
2018-06-30 87 38 26
2018-03-31 78 21
2017-12-31 82 43 24
2017-09-30 80 41 24
2017-06-30 78 39 24
2017-03-31 76 33 22

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Malta International Airport is high growth as no earnings estimate data is available.
  • Unable to determine if Malta International Airport is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
MTSE:MIA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Malta International Airport Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MTSE:MIA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
MTSE:MIA Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.25
2019-09-30 0.24
2019-06-30 0.23
2019-03-31
2018-12-31 0.22
2018-09-30 0.21
2018-06-30 0.19
2018-03-31
2017-12-31 0.18
2017-09-30 0.18
2017-06-30 0.18
2017-03-31 0.17

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Malta International Airport will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Check out Malta International Airport's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  2. Malta International Airport's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Transportation companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Malta International Airport's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Malta International Airport has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MIA Past Performance

  How has Malta International Airport performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Malta International Airport's growth in the last year to its industry (Infrastructure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Malta International Airport's year on year earnings growth rate has been positive over the past 5 years.
  • Malta International Airport's 1-year earnings growth is less than its 5-year average (11.9% vs 14.2%)
  • Malta International Airport's earnings growth has exceeded the Europe Infrastructure industry average in the past year (11.9% vs 6.9%).
Earnings and Revenue History
Malta International Airport's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Malta International Airport Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MTSE:MIA Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 100.23 33.93 5.94
2019-09-30 98.06 32.61 6.50
2019-06-30 95.89 31.28 7.06
2019-03-31 93.82 30.59 8.16
2018-12-31 92.19 30.34 8.16
2018-09-30 89.39 28.25 9.11
2018-06-30 86.58 26.16 10.05
2018-03-31 77.98 21.28 8.95
2017-12-31 82.37 24.15 8.95
2017-09-30 80.34 23.98 7.70
2017-06-30 78.31 23.82 6.45
2017-03-31 75.69 22.40 6.45
2016-12-31 73.06 20.98 6.45
2016-09-30 70.78 20.56 6.11
2016-06-30 68.50 20.14 5.78
2016-03-31 67.73 19.70 5.78
2015-12-31 66.97 19.27 5.78
2015-09-30 66.54 18.38 5.45
2015-06-30 66.11 17.48 5.13
2015-03-31 65.20 17.15 5.13
2014-12-31 64.29 16.83 5.13
2014-09-30 62.99 16.47 5.05
2014-06-30 61.68 16.12 4.97
2014-03-31 60.24 15.35 4.97
2013-12-31 58.79 14.59 4.97
2013-09-30 57.03 13.84 4.34
2013-06-30 55.26 13.10 3.72

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Malta International Airport has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Malta International Airport used its assets more efficiently than the Europe Infrastructure industry average last year based on Return on Assets.
  • Malta International Airport has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Malta International Airport's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Infrastructure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Malta International Airport has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MIA Health

 How is Malta International Airport's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Malta International Airport's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Malta International Airport is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Malta International Airport's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Malta International Airport's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Malta International Airport has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Malta International Airport Company Filings, last reported 3 months ago.

MTSE:MIA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 129.04 0.00 33.17
2019-09-30 129.04 0.00 33.17
2019-06-30 114.40 0.00 25.84
2019-03-31 115.49 0.00 37.89
2018-12-31 112.61 0.00 20.25
2018-09-30 112.61 0.00 20.25
2018-06-30 99.29 0.00 8.86
2018-03-31 95.75 33.02 38.40
2017-12-31 95.75 33.02 38.40
2017-09-30 95.75 33.02 38.40
2017-06-30 86.64 44.48 36.57
2017-03-31 86.64 44.48 36.57
2016-12-31 85.10 46.35 36.55
2016-09-30 85.10 46.35 36.55
2016-06-30 76.39 55.25 36.14
2016-03-31 76.39 55.25 36.14
2015-12-31 77.69 57.10 39.64
2015-09-30 77.69 57.10 39.64
2015-06-30 70.02 57.71 23.99
2015-03-31 70.02 57.71 23.99
2014-12-31 73.62 59.55 30.73
2014-09-30 73.62 59.55 30.73
2014-06-30 67.53 59.99 23.54
2014-03-31 67.53 59.99 23.54
2013-12-31 66.98 61.90 29.18
2013-09-30 66.98 61.90 29.18
2013-06-30 62.06 62.34 18.30
  • Malta International Airport has no debt.
  • Malta International Airport has no debt compared to 5 years ago when it was 80.9%.
  • Malta International Airport has no debt, it does not need to be covered by operating cash flow.
  • Malta International Airport has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Malta International Airport's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Malta International Airport has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MIA Dividends

 What is Malta International Airport's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.6%
Current annual income from Malta International Airport dividends.
If you bought €2,000 of Malta International Airport shares you are expected to receive €52 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Malta International Airport's pays a higher dividend yield than the bottom 25% of dividend payers in Malta (2.45%).
  • Malta International Airport's dividend is below the markets top 25% of dividend payers in Malta (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
MTSE:MIA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 6.9%
Malta Market Average Dividend Yield Market Cap Weighted Average of 17 Stocks 3.2%
Malta Minimum Threshold Dividend Yield 10th Percentile 1.7%
Malta Bottom 25% Dividend Yield 25th Percentile 2.5%
Malta Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

MTSE:MIA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
MTSE:MIA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-02-26 0.130 2.505
2019-02-21 0.120 1.693
2018-02-21 0.154 2.809
2017-02-22 0.154 3.519
2016-08-17 0.154 3.735
2016-02-25 0.154 3.552
2015-07-29 0.169 4.170
2015-02-25 0.169 4.998
2014-07-31 0.115 4.854
2014-03-06 0.115 5.097
2013-08-07 0.108 5.253
2013-03-20 0.108 5.473
2012-05-18 0.070 3.956
2011-05-05 0.065 3.933
2010-08-11 0.103 6.249
2010-03-12 0.059 3.693

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Malta International Airport's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Malta International Airport's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Malta International Airport afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Malta International Airport has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MIA Management

 What is the CEO of Malta International Airport's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Alan Borg
TENURE AS CEO 5.3 years
CEO Bio

Mr. Alan Borg has been the Chief Executive Officer at Malta International Airport plc since January 21, 2015. Mr. Borg served as an Interim Chief Executive Officer of Malta International Airport plc from January 21, 2015 to February 23, 2015. Mr. Borg served as the Chief Commercial Officer of Malta International Airport plc since July 1, 2012 until January 21,2015. He served as Head of Airline Marketing at Malta International Airport plc since June 2008. Mr. Borg was responsible for achieving MIA's financial objectives by focusing on increasing revenue from aviation regulated fees by increasing awareness of Malta's potential as a tourist and business destination by attracting new airlines and expanding current route network. His additional responsibility of further developing the VIP services at MIA. He joined MIA after serving with Island Hotels Group where he was Sales Manager for the Radisson SAS Baypoint and the Golden Sands Resort & Spa. At MIA, he was first employed as Manager in the Airline Marketing department and was involved in securing new airline operations from the Scandinavian, Spanish as well as other European destinations. He has been an Executive Director of Malta International Airport plc since July 1, 2012. Mr. Borg graduated in Hotel Operations from the Institute of Tourism Studies.

CEO Compensation
  • Insufficient data for Alan to compare compensation growth.
  • Insufficient data for Alan to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure of the Malta International Airport management team in years:

2.8
Average Tenure
  • The tenure for the Malta International Airport management team is about average.
Management Team

Alan Borg

TITLE
CEO & Executive Director
TENURE
5.3 yrs

Karl Dandler

TITLE
CFO & Executive Director
TENURE
4.6 yrs

Ian Maggi

TITLE
Head of Innovation & Technology

Kevin Alamango

TITLE
Head of Technical Services
TENURE
2.8 yrs

Alex Cardona

TITLE
Head of Traffic Development
TENURE
1.3 yrs

Thomas Wohlfahrtstatter

TITLE
Head of Financial Control
TENURE
2.6 yrs

Kristina Cardona

TITLE
Marketing & Communications Manager
TENURE
5.8 yrs

Tina Lombardi

TITLE
Head of Human Resources
TENURE
1.3 yrs

George Mallia

TITLE
Head of Retail & Property

Patrick Murgo

TITLE
Head of Security Services
Board of Directors Tenure

Average tenure and age of the Malta International Airport board of directors in years:

5.2
Average Tenure
44
Average Age
  • The tenure for the Malta International Airport board of directors is about average.
Board of Directors

Nikolaus Gretzmacher

TITLE
Independent Chairman of the Board
AGE
44
TENURE
6.4 yrs

Alan Borg

TITLE
CEO & Executive Director
TENURE
7.8 yrs

Karl Dandler

TITLE
CFO & Executive Director
TENURE
6.3 yrs

Cory Greenland

TITLE
Independent Non-Executive Director
TENURE
5.2 yrs

Rita Heiss

TITLE
Independent Non-Executive Director
AGE
50
TENURE
4.6 yrs

Wolfgang Koeberl

TITLE
Independent Non-Executive Director
TENURE
3.9 yrs

Florian Nowotny

TITLE
Independent Non-Executive Director
AGE
44
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Malta International Airport's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Malta International Airport has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MIA News

Simply Wall St News

MIA Company Info

Description

Malta International Airport p.l.c. develops, operates, and manages Malta International Airport. The company operates through Airport, Retail and Property, and Other segments. It provides airport regulated, aviation concessions, and persons with reduced mobility services; and operates and maintains terminals, runways, taxiways, and aircraft parks. The company also offers various services that support the airport operations, such as retail outlets, advertising sites, and rental of offices and warehouses; and VIP lounges. In addition, it engages in car park and business center activities; and managing real estate projects. The company is based in Luqa, Malta.

Details
Name: Malta International Airport p.l.c.
MIA
Exchange: MTSE
Founded:
€676,500,000
135,300,000
Website: http://www.maltairport.com
Address: Malta International Airport p.l.c.
Malta International Airport,
Luqa,
LQA 4000,
Malta
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
MTSE MIA A Ordinary Shares Malta Stock Exchange MT EUR 27. Feb 2003
LSE 0F94 A Ordinary Shares London Stock Exchange GB EUR 27. Feb 2003
Number of employees
Current staff
Staff numbers
367
Malta International Airport employees.
Industry
Airport Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 22:40
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2018/02/22
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.