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…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • 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%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • 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
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • 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
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • 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%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • 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.


    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.

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