Maiden Holdings Intrinsic Value Calculator – Maiden Holdings Reports 26.1% Drop in Revenue for FY2023 Q2
August 24, 2023
🌧️Earnings Overview
Maiden Holdings ($NASDAQ:MHLD) announced its financial results for Q2 of FY2023 on August 8 2023, reporting total revenue of USD 20.2 million, a decrease of 26.1% from the same period in the prior year. The company saw a net income loss of USD -2.9 million, compared to a net income of USD 1.1 million in the same quarter of the previous year.
Analysis – Maiden Holdings Intrinsic Value Calculator
GoodWhale has conducted an analysis of MAIDEN HOLDINGS‘ fundamentals and found that the fair value of the stock is around $2.7. This figure was calculated using our proprietary Valuation Line, which takes into account a variety of factors including current market conditions and historical financial performance. Currently, MAIDEN HOLDINGS’ share price stands at $1.9, indicating that the stock is currently undervalued by 29.9%. This presents an opportunity for investors, who can take advantage of this discrepancy and purchase the stock at a discount. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Maiden Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 61.95 | 13.51 | -118.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Maiden Holdings. More…
| Operations | Investing | Financing |
| -170.83 | 137.64 | -0.92 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Maiden Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.66k | 1.4k | 2.65 |
Key Ratios Snapshot
Some of the financial key ratios for Maiden Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -40.1% | – | -101.4% |
| FCF Margin | ROE | ROA |
| -275.8% | -14.5% | -2.4% |
Peers
The Company operates through four segments: Diversified Reinsurance, AmTrust Financial Services, Inc. (AmTrust), Aspen Insurance Holdings Limited (Aspen), and Acquisitions. Maiden Holdings Ltd’s competitors in the holding company for a group of insurance and reinsurance companies include Global Indemnity Group LLC, The Hanover Insurance Group Inc, and Axis Capital Holdings Ltd.
– Global Indemnity Group LLC ($NYSE:GBLI)
Global Indemnity Group LLC is a holding company for an insurance group that offers property, casualty and specialty insurance products in the United States, Canada and Europe. The company has a market cap of 359.54M and a Return on Equity of -0.24%.Global Indemnity Group’s primary insurance subsidiaries are Global Indemnity Limited, Gibraltar Industries, and Global Indemnity plc.
– The Hanover Insurance Group Inc ($NYSE:THG)
The Hanover Insurance Group is a leading insurance company with a market cap of 4.98B as of 2022. The company has a strong focus on property and casualty insurance, and offers a wide range of products and services to its customers. The company has a strong financial position, with a return on equity of 10.21%. The company has a diversified customer base and a strong brand name. The company is well positioned to continue its growth in the insurance market.
– Axis Capital Holdings Ltd ($NYSE:AXS)
Axis Capital Holdings Ltd. is a Bermuda-based holding company engaged in the business of providing global specialty property, casualty and general insurance products. The Company operates through three segments: Insurance, Reinsurance and Investments. The Insurance segment provides primary insurance coverage on a direct basis to policyholders and on a reinsurance basis to other insurance companies. The Reinsurance segment provides reinsurance to other insurance and reinsurance companies. The Investments segment includes the Company’s investment portfolio.
Summary
Maiden Holdings reported a 26.1% decrease in total revenue for FY2023 Q2, reaching USD 20.2 million. Net income for the quarter was USD -2.9 million, a significant decline from 1.1 million in the same period of the previous year. For investors considering Maiden Holdings, these results may reflect an uncertain outlook for near-term profitability.
However, the company’s strong balance sheet, strong cash flows, and high dividend yield make it a compelling option for value-oriented investors. Given Maiden Holdings’ long-term track record of success, investors may want to see how the company responds to the current challenges before making a decision.
