MIDWEST HOLDING INC (MDWT)
US59833J2069 - Common Stock
Overall MDWT gets a fundamental rating of 3 out of 10. We evaluated MDWT against 140 industry peers in the Insurance industry. MDWT may be in some trouble as it scores bad on both profitability and health. MDWT is not priced too expensively while it is growing strongly. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
MDWT had negative earnings in the past year.
MDWT had a positive operating cash flow in the past year.
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
The Return On Assets of MDWT (-0.10%) is worse than 72.22% of its industry peers.
MDWT has a worse Return On Equity (-17.23%) than 81.94% of its industry peers.
MDWT has a Return On Invested Capital (0.23%) which is comparable to the rest of the industry.
| 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.
MDWT has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for MDWT has been increased compared to 5 years ago.
Compared to 1 year ago, MDWT has a worse debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of MDWT is 0.25, which is an excellent value as it means it would take MDWT, only 0.25 years of fcf income to pay off all of its debts.
MDWT has a Debt to FCF ratio of 0.25. This is amongst the best in the industry. MDWT outperforms 95.14% of its industry peers.
A Debt/Equity ratio of 1.82 is on the high side and indicates that MDWT has dependencies on debt financing.
MDWT has a worse Debt to Equity ratio (1.82) 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.
MDWT shows a strong growth in Revenue. In the last year, the Revenue has grown by 378.45%.
The Revenue has been growing by 67.60% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)57.32%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-233.33%
Revenue 1Y (TTM)378.45%
Revenue growth 3Y274.72%
Revenue growth 5Y67.6%
Sales Q2Q%1733.93%
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.
MDWT is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 34.73% yearly.
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
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of 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.
Based on the Price/Forward Earnings ratio of 8.54, the valuation of MDWT can be described as reasonable.
Based on the Price/Forward Earnings ratio, MDWT is valued a bit cheaper than the industry average as 67.36% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.82, MDWT is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 8.54 |
4.2 Price Multiples
MDWT's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MDWT is cheaper than 96.53% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.01 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
MDWT's 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
No dividends for MDWT!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
MIDWEST HOLDING INC
NASDAQ:MDWT (12/20/2023, 8:23:45 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)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
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)
High Growth Momentum
Growth
EPS 1Y (TTM)57.32%
EPS 3YN/A
EPS 5Y
EPS 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
Sales 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