MIDWEST HOLDING INC (MDWT)
US59833J2069 - Common Stock
Taking everything into account, MDWT scores 3 out of 10 in our fundamental rating. MDWT was compared to 140 industry peers in the Insurance industry. Both the profitability and financial health of MDWT have multiple concerns. MDWT is not overvalued while it is showing excellent growth. This is an interesting combination.
1. Profitability
1.1 Basic Checks
MDWT had negative earnings in the past year.
In the past year MDWT had a positive cash flow from operations.
In the past 5 years MDWT reported 4 times negative net income.
MDWT had negative operating cash flow in 4 of the past 5 years.
1.2 Ratios
With a Return On Assets value of -0.10%, MDWT is not doing good in the industry: 72.22% of the companies in the same industry are doing better.
MDWT has a Return On Equity of -17.23%. This is amonst the worse of the industry: MDWT underperforms 81.94% of its industry peers.
MDWT has a Return On Invested Capital of 0.23%. This is comparable to the rest of the industry: MDWT outperforms 42.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.1% | ||
| ROE | -17.23% | ||
| ROIC | 0.23% |
ROA(3y)-0.9%
ROA(5y)-2.59%
ROE(3y)-2.68%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Operating Margin of MDWT (7.60%) is comparable to the rest of the industry.
MDWT does not have Profit Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.6% | ||
| PM (TTM) | N/A | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MDWT is destroying value.
The number of shares outstanding for MDWT remains at a similar level compared to 1 year ago.
MDWT has more shares outstanding than it did 5 years ago.
MDWT has a worse debt/assets ratio than last year.
2.2 Solvency
MDWT has a debt to FCF ratio of 0.25. This is a very positive value and a sign of high solvency as it would only need 0.25 years to pay back of all of its debts.
The Debt to FCF ratio of MDWT (0.25) is better than 95.14% of its industry peers.
MDWT has a Debt/Equity ratio of 1.82. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of MDWT (1.82) is worse than 90.28% of its industry peers.
Even though the debt/equity ratio score it not favorable for MDWT, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.82 | ||
| Debt/FCF | 0.25 | ||
| Altman-Z | N/A |
ROIC/WACC0.03
WACC7.98%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
MDWT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 57.32%, which is quite impressive.
The Revenue has grown by 378.45% in the past year. This is a very strong growth!
Measured over the past years, MDWT shows a very strong growth in Revenue. The Revenue has been growing by 67.60% on average per year.
EPS 1Y (TTM)57.32%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q-233.33%
Revenue 1Y (TTM)378.45%
Revenue growth 3Y274.72%
Revenue growth 5Y67.6%
Revenue growth Q2Q1733.93%
3.2 Future
MDWT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 208.68% yearly.
Based on estimates for the next years, MDWT will show a very strong growth in Revenue. The Revenue will grow by 34.73% on average per year.
EPS Next Y828.57%
EPS Next 2Y208.68%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year73.04%
Revenue Next 2Y34.73%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
MDWT reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
MDWT is valuated reasonably with a Price/Forward Earnings ratio of 8.54.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MDWT indicates a somewhat cheap valuation: MDWT is cheaper than 67.36% of the companies listed in the same industry.
MDWT's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 20.26.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 8.54 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, MDWT is valued cheaply inside the industry as 96.53% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.01 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as MDWT's earnings are expected to grow with 208.68% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y208.68%
EPS Next 3YN/A
5. Dividend
5.1 Amount
MDWT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
MIDWEST HOLDING INC
NASDAQ:MDWT (12/20/2023, 7:23:45 PM)
26.99
0 (0%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap100.94M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 8.54 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.1% | ||
| ROE | -17.23% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 7.6% | ||
| PM (TTM) | N/A | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.82 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)57.32%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y828.57%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)378.45%
Revenue growth 3Y274.72%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y