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Maiden Holdings

Nasdaq:MHLD
Snowflake Description

Overvalued with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MHLD
Nasdaq
$55M
Market Cap
  1. Home
  2. US
  3. Insurance
Company description

Maiden Holdings, Ltd., through its subsidiaries, provides property and casualty reinsurance solutions to regional and specialty insurers primarily in Europe and internationally. The last earnings update was 97 days ago. More info.


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  • Maiden Holdings has significant price volatility in the past 3 months.
MHLD Share Price and Events
7 Day Returns
12.8%
NasdaqCM:MHLD
1.4%
US Insurance
0.5%
US Market
1 Year Returns
-75.8%
NasdaqCM:MHLD
14.7%
US Insurance
12.8%
US Market
MHLD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Maiden Holdings (MHLD) 12.8% 5.7% 30% -75.8% -96.1% -94.9%
US Insurance 1.4% 1.7% 4.2% 14.7% 27.5% 46.7%
US Market 0.5% 4.3% 8% 12.8% 38.7% 44.5%
1 Year Return vs Industry and Market
  • MHLD underperformed the Insurance industry which returned 14.7% over the past year.
  • MHLD underperformed the Market in United States of America which returned 12.8% over the past year.
Price Volatility
MHLD
Industry
5yr Volatility vs Market

MHLD Value

 Is Maiden Holdings 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
  • It is not possible to calculate the future cash flow value for Maiden Holdings. This is due to cash flow or dividend data being unavailable. The share price is $0.65.
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 Maiden Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Maiden Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:MHLD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $-5.97
NasdaqCM:MHLD Share Price ** NasdaqCM (2019-11-13) in USD $0.65
United States of America Insurance Industry PE Ratio Median Figure of 89 Publicly-Listed Insurance Companies 16.78x
United States of America Market PE Ratio Median Figure of 2,922 Publicly-Listed Companies 18.24x

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

** Primary Listing of Maiden Holdings.

NasdaqCM:MHLD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:MHLD Share Price ÷ EPS (both in USD)

= 0.65 ÷ -5.97

-0.11x

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

  • Maiden Holdings is loss making, we can't compare its value to the US Insurance industry average.
  • Maiden Holdings is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Maiden Holdings's expected growth come at a high price?
Raw Data
NasdaqCM:MHLD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
United States of America Insurance Industry PEG Ratio Median Figure of 62 Publicly-Listed Insurance Companies 0.9x
United States of America Market PEG Ratio Median Figure of 2,023 Publicly-Listed Companies 1.46x

*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 Maiden Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Maiden Holdings's assets?
Raw Data
NasdaqCM:MHLD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $1.51
NasdaqCM:MHLD Share Price * NasdaqCM (2019-11-13) in USD $0.65
United States of America Insurance Industry PB Ratio Median Figure of 116 Publicly-Listed Insurance Companies 1.17x
United States of America Market PB Ratio Median Figure of 5,070 Publicly-Listed Companies 1.73x
NasdaqCM:MHLD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:MHLD Share Price ÷ Book Value per Share (both in USD)

= 0.65 ÷ 1.51

0.43x

* Primary Listing of Maiden Holdings.

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

  • Maiden Holdings is good value based on assets compared to the US Insurance industry average.
X
Value checks
We assess Maiden Holdings'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 Insurance 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 Insurance industry average (and greater than 0)? (1 check)
  5. Maiden Holdings has a total score of 1/6, 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.

MHLD Future Performance

 How is Maiden Holdings expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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 Maiden Holdings 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
5.7%
Expected Insurance industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Maiden Holdings expected to grow at an attractive rate?
  • Unable to compare Maiden Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Maiden Holdings's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Maiden Holdings's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:MHLD Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
NasdaqCM:MHLD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:MHLD Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-12-31
2019-11-14
NasdaqCM:MHLD Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 1,465 -377 -496
2019-03-31 1,816 -118 -513
2018-12-31 2,165 182 -476
2018-09-30 2,168 246 -377
2018-06-30 2,109 291 -193
2018-03-31 1,936 381 -194
2017-12-31 2,139 459 -177
2017-09-30 2,279 519 -123
2017-06-30 2,521 529 -38
2017-03-31 2,829 507 9
2016-12-31 2,052 470 46
2016-09-30 2,693 434 115

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Maiden Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Maiden Holdings 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
NasdaqCM:MHLD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Maiden Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:MHLD Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-12-31
2019-11-14
NasdaqCM:MHLD Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 -5.97
2019-03-31 -6.18
2018-12-31 -5.73
2018-09-30 -4.52
2018-06-30 -2.29
2018-03-31 -2.28
2017-12-31 -2.07
2017-09-30 -1.43
2017-06-30 -0.45
2017-03-31 0.11
2016-12-31 0.60
2016-09-30 1.54

*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 Maiden Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of MHLD’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Maiden Holdings'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 Insurance companies here
  3. Maiden Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Maiden Holdings'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Maiden Holdings 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.

MHLD Past Performance

  How has Maiden Holdings 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 Maiden Holdings's growth in the last year to its industry (Insurance).
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.
  • Maiden Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Maiden Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Maiden Holdings's 1-year growth to the US Insurance industry average as it is not currently profitable.
Earnings and Revenue History
Maiden Holdings'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 Maiden Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:MHLD Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,465.50 -495.76 51.70
2019-03-31 1,815.82 -513.18 56.71
2018-12-31 2,164.81 -476.16 59.44
2018-09-30 2,168.35 -376.71 64.31
2018-06-30 2,109.26 -192.66 60.81
2018-03-31 1,936.28 -193.74 51.26
2017-12-31 2,138.82 -176.98 53.00
2017-09-30 2,279.45 -123.11 55.41
2017-06-30 2,521.06 -37.60 56.92
2017-03-31 2,828.53 8.50 68.90
2016-12-31 2,051.87 46.14 50.25
2016-09-30 2,693.27 114.62 65.66
2016-06-30 2,648.77 105.30 65.16
2016-03-31 2,621.10 94.91 64.17
2015-12-31 2,573.11 100.09 64.87
2015-09-30 2,594.11 102.85 65.95
2015-06-30 2,523.92 108.13 64.93
2015-03-31 2,440.27 113.40 63.83
2014-12-31 2,381.17 76.96 62.56
2014-09-30 2,258.52 70.26 60.06
2014-06-30 2,170.14 64.38 57.88
2014-03-31 2,143.46 58.74 59.49
2013-12-31 2,110.06 87.79 58.35
2013-09-30 2,095.41 56.68 55.35
2013-06-30 2,035.84 56.72 55.68
2013-03-31 1,955.63 51.12 54.07
2012-12-31 1,899.77 46.51 53.80

*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.
  • It is difficult to establish if Maiden Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Maiden Holdings has efficiently used its assets last year compared to the US Insurance industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Maiden Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Maiden Holdings'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 Insurance 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.
Maiden Holdings has a total score of 0/6, 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.

MHLD Health

 How is Maiden Holdings'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 Maiden Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Maiden Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Maiden Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Maiden Holdings'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 5.1x debt.
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 Maiden Holdings Company Filings, last reported 4 months ago.

NasdaqCM:MHLD Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 590.57 254.80 82.47
2019-03-31 584.29 254.75 89.52
2018-12-31 554.92 254.69 200.84
2018-09-30 773.17 254.64 94.58
2018-06-30 1,106.29 254.59 72.10
2018-03-31 1,158.44 254.53 73.28
2017-12-31 1,232.63 254.48 54.47
2017-09-30 1,421.39 254.43 182.68
2017-06-30 1,500.75 254.38 246.83
2017-03-31 1,370.10 351.49 83.54
2016-12-31 1,361.15 351.41 45.75
2016-09-30 1,556.36 351.33 67.46
2016-06-30 1,530.89 351.25 127.46
2016-03-31 1,460.28 350.03 85.24
2015-12-31 1,349.10 349.93 89.64
2015-09-30 1,221.78 360.00 117.55
2015-06-30 1,225.72 360.00 69.36
2015-03-31 1,277.59 360.00 215.63
2014-12-31 1,241.17 360.00 157.61
2014-09-30 1,214.09 360.00 52.38
2014-06-30 1,223.41 360.00 70.02
2014-03-31 1,150.63 360.00 72.04
2013-12-31 1,124.30 486.38 139.83
2013-09-30 973.95 333.86 131.30
2013-06-30 956.76 333.85 89.38
2013-03-31 1,026.70 333.83 103.79
2012-12-31 1,015.61 333.82 81.54
  • Maiden Holdings's level of debt (43.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (29.4% vs 43.1% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Maiden Holdings has less than a year of cash runway based on current free cash flow.
  • Maiden Holdings has less than a year of cash runway if free cash flow continues to grow at historical rates of 58.5% each year.
X
Financial health checks
We assess Maiden Holdings'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. Maiden Holdings has a total score of 1/6, 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.

MHLD Dividends

 What is Maiden Holdings'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
0%
Current annual income from Maiden Holdings dividends.
If you bought $2,000 of Maiden Holdings shares you are expected to receive $0 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?
  • Unable to evaluate Maiden Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Maiden Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
NasdaqCM:MHLD 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 1 Analyst Estimates (S&P Global) See Below
United States of America Insurance Industry Average Dividend Yield Market Cap Weighted Average of 78 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1948 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

NasdaqCM:MHLD Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2019-12-31
2019-11-14
NasdaqCM:MHLD Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-08-09 0.000 0.000
2019-05-10 0.000 0.000
2019-03-15 0.000 0.000
2018-08-09 0.200 10.697
2018-05-09 0.600 7.450
2018-02-28 0.600 8.703
2017-11-07 0.600 8.620
2017-08-03 0.600 7.590
2017-05-02 0.600 5.412
2017-02-21 0.600 4.325
2016-11-01 0.600 3.560
2016-08-03 0.560 4.144
2016-05-04 0.560 4.383
2016-02-16 0.560 4.430
2015-11-04 0.560 3.918
2015-07-28 0.520 3.477
2015-04-28 0.520 3.481
2015-02-17 0.520 3.573
2014-11-05 0.520 4.005
2014-07-24 0.440 3.742
2014-05-06 0.440 3.630
2014-02-18 0.440 3.649
2013-11-06 0.440 3.838
2013-08-07 0.360 2.961
2013-05-07 0.360 3.188
2013-02-19 0.360 3.492
2012-11-07 0.360 3.830
2012-08-07 0.320 3.610
2012-05-02 0.320 3.795
2012-02-22 0.320 3.695
2011-11-02 0.320 3.634
2011-07-27 0.320 3.988
2011-05-04 0.280 3.126
2011-03-01 0.280 3.715
2010-11-04 0.280 3.522
2010-08-05 0.260 3.457
2010-05-04 0.260 3.843
2009-11-10 0.260 3.566
2009-08-11 0.240 3.208
2009-05-11 0.240 3.863
2009-02-25 0.240 5.404

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

  • Unable to perform a dividend volatility check as Maiden Holdings has not reported any payouts.
  • Unable to verify if Maiden Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Maiden Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Maiden Holdings has not reported any payouts.
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 Maiden Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Maiden Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Maiden Holdings has a total score of 0/6, see the detailed checks below.


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

MHLD Management

 What is the CEO of Maiden Holdings'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
Lawrence Metz
COMPENSATION $2,051,021
AGE 46
TENURE AS CEO 1.2 years
CEO Bio

Mr. Lawrence Frederic Metz has been Chief Executive Officer and President at Maiden Holdings, Ltd. since September 1, 2018 and served as its Senior Vice President, General Counsel and Secretary since June 2009 until February 2016 and served as Executive Vice President, President, General Counsel and Secretary since February 2016 until August 2018. Mr. Metz has been a senior leader of Maiden since his appointment as Senior Vice President in 2009. During his tenure at Maiden, his responsibilities have expanded to include oversight of much of its operating infrastructure in his role as President of Maiden Global Servicing Company. Mr. Metz serves as chairman of wholly owned subsidiary, Maiden Reinsurance Ltd. and is also a director of several of wholly owned subsidiaries. From 2007 to 2009, Mr. Metz served as Vice President, General Counsel - US Operations and Assistant Secretary of AmTrust. From 2004 to 2007, Mr. Metz served as Vice President, General Counsel and Secretary of a publicly-traded provider of information management and business process optimization solutions. Mr. Metz holds a B.S. from the University of Wisconsin - Madison and a J.D. from Fordham University School of Law, and is a Member of the Bar of the Supreme Court of the United States, the New Jersey State Bar Association and the New York State Bar Association. Mr. Metz serves as the Vice Chair of the Legal Subcommittee of the Legal and Government Affairs Committee of the Property Casualty Insurers Association of America, and also serves on the Board of Advisors of the RAND Center for Corporate Ethics and Governance.

CEO Compensation
  • Lawrence's compensation has increased whilst company is loss making.
  • Lawrence's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Maiden Holdings management team in years:

1.2
Average Tenure
51.5
Average Age
  • The average tenure for the Maiden Holdings management team is less than 2 years, this suggests a new team.
Management Team

Lawrence Metz

TITLE
President & CEO
COMPENSATION
$2M
AGE
46
TENURE
1.2 yrs

Patrick Haveron

TITLE
Executive VP
COMPENSATION
$2M
AGE
57
TENURE
1.2 yrs

Denis Butkovic

TITLE
Senior VP
COMPENSATION
$118K
AGE
46
TENURE
1.1 yrs

Michael Haines

TITLE
Senior Vice President of Finance
COMPENSATION
$25K
AGE
63
TENURE
0.8 yrs

William Jarman

TITLE
Senior VP & Chief Actuary
COMPENSATION
$984K
AGE
45
TENURE
15.8 yrs

Michael Tait

TITLE
Chief Accounting Officer
COMPENSATION
$494K
AGE
58

Bill Horning

TITLE
Senior Vice President

Colin Fitt

TITLE
Senior Vice President of Corporate Development
TENURE
6.3 yrs

Max Reid

TITLE
President of Maiden Global Holdings Ltd
TENURE
6.5 yrs
Board of Directors Tenure

Average tenure and age of the Maiden Holdings board of directors in years:

12.4
Average Tenure
59
Average Age
  • The average tenure for the Maiden Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Barry Zyskind

TITLE
Non-Executive Chairman of the Board
AGE
47
TENURE
12.4 yrs

Steven Nigro

TITLE
Vice Chairman & Lead Independent Director
COMPENSATION
$181K
AGE
59
TENURE
1.3 yrs

Ray Neff

TITLE
Independent Director
COMPENSATION
$153K
AGE
78
TENURE
12.4 yrs

Simcha Lyons

TITLE
Independent Director
COMPENSATION
$153K
AGE
72
TENURE
12.4 yrs

Yehuda Neuberger

TITLE
Director
COMPENSATION
$153K
AGE
42
TENURE
11.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
29. Mar 19 Buy Yehuda Neuberger Individual 27. Mar 19 27. Mar 19 100 $0.84 $84
29. Mar 19 Buy Yehuda Neuberger Individual 27. Mar 19 29. Mar 19 199,900 $0.82 $160,283
26. Mar 19 Buy Raymond Neff Individual 25. Mar 19 25. Mar 19 170,000 $0.75 $127,500
26. Mar 19 Buy Steven Nigro Individual 25. Mar 19 25. Mar 19 10,000 $0.75 $7,500
22. Mar 19 Buy 683 Capital Management, LLC Company 25. Jan 19 15. Mar 19 7,151,964 $1.38 $9,868,995
21. Nov 18 Sell Karen Schmitt Individual 20. Nov 18 20. Nov 18 -31,500 $2.58 $-80,790
19. Nov 18 Buy Steven Nigro Individual 16. Nov 18 16. Nov 18 5,000 $2.43 $12,150
19. Nov 18 Buy Simcha Lyons Individual 16. Nov 18 16. Nov 18 10,000 $2.42 $24,200
X
Management checks
We assess Maiden Holdings'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. Maiden Holdings 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.

MHLD News

Simply Wall St News

MHLD Company Info

Description

Maiden Holdings, Ltd., through its subsidiaries, provides property and casualty reinsurance solutions to regional and specialty insurers primarily in Europe and internationally. The company writes treaties on a quota share basis and excess of loss basis. It also offers auto and credit life insurance products through its insurer partners to retail clients. Maiden Holdings, Ltd. was founded in 2007 and is headquartered in Pembroke, Bermuda.

Details
Name: Maiden Holdings, Ltd.
MHLD
Exchange: NasdaqCM
Founded: 2007
$54,695,297
84,146,612
Website: http://www.maiden.bm
Address: Maiden Holdings, Ltd.
Ideation House,
2nd Floor,
Pembroke,
HM 08,
Bermuda
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM MHLD Common Shares Nasdaq Capital Market US USD 06. May 2008
DB 4OWA Common Shares Deutsche Boerse AG DE EUR 06. May 2008
NYSE MH.PRD PFD SERIES D New York Stock Exchange US USD 12. Jun 2017
NYSE MH.PRC PFD SHS SER C New York Stock Exchange US USD 20. Nov 2015
NYSE MH.PRA PREF SHS SER A New York Stock Exchange US USD 27. Aug 2012
Number of employees
Current staff
Staff numbers
74
Maiden Holdings employees.
Industry
Reinsurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 00:15
End of day share price update: 2019/11/13 00:00
Last estimates confirmation: 2019/10/16
Last earnings filing: 2019/08/09
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.