How to buy Midway shares | A$1.24

Midway Limited is a lumber & wood production business based in Australia. Midway shares (MWY) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $1.24 – an increase of 22.77% over the previous week. Midway has a trailing 12-month revenue of around $264.2 million.

How to buy shares in Midway

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Midway . Find the share by name or ticker symbol: MWY. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Midway reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $1.24, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Midway . Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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How has coronavirus impacted Midway 's share price?

Since the stock market crash in March caused by coronavirus, Midway 's share price has had significant negative movement.

Its last market close was $1.24, which is 23.93% down on its pre-crash value of $1.63 and 45.88% up on the lowest point reached during the March crash when the shares fell as low as $0.85.

If you had bought $1,000 worth of Midway shares at the start of February 2020, those shares would have been worth $535.72 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $738.10.

Midway share price

Use our graph to track the performance of MWY stocks over time.

Midway shares at a glance

• Key figures

Information last updated 2020-10-15.

Latest market close	AUDA$1.24
52-week range	AUDA$0.7 - AUDA$2.45
50-day moving average	AUDA$1.0001
200-day moving average	AUDA$0.9179
Target price	AUDA$3.78
PE ratio	5.8667
Dividend yield	AUDA$0.18 (19.35%)
Earnings per share (TTM)	AUDA$0.148

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Important: Share trading carries risk of capital loss.

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Midway stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Midway Limited by TradingView

Midway price performance over time

Historical closes compared with the close of A$1.24 on 2020-10-19

1 week (2020-10-12)	24.00%
1 month (2020-09-18)	16.98%
3 months (2020-07-17)	55.97%
6 months (2020-04-17)	19.23%

1 year (2019-10-18)	-47.68%
2 years (2018-10-19)	-60.00%
3 years (2017-10-19)	-47.01%
5 years (2015-10-16)	N/A

Is Midway under- or over-valued?

Valuing Midway stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Midway 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Midway 's P/E ratio

Midway 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 6x. In other words, Midway shares trade at around 6x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Midway 's EBITDA

Midway 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $11.5 million.

The EBITDA is a measure of a Midway 's overall financial performance and is widely used to measure a its profitability.

Midway financials

Revenue TTM	$264.2 million
Gross profit TTM	$97.4 million
Return on assets TTM	-0.38%
Return on equity TTM	-8.6%
Profit margin	-4.55%
Book value	1.469
Market capitalisation	$92.6 million

TTM: trailing 12 months

Midway share dividends

We're not expecting Midway to pay a dividend over the next 12 months.

Midway share price volatility

Over the last 12 months, Midway 's shares have ranged in value from as little as $0.7 up to $2.45. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Midway 's is 1.0558. This would suggest that Midway 's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Midway overview

Midway Limited, together with its subsidiaries, processes, sells, markets, and exports woodfibre to the pulp and paper industries in Australia, Japan, China, and South East Asia. It operates through Wood Processing, Forestry Logistics, and Plantation Management segments. The company offers hardwood and softwood woodchips, as well as biomass woodchips and sawdust. It also provides planation management services; and support services to third parties engaged in growing woodfibre, including harvest, infield chipping, and haulage. In addition, the company markets third party wood fiber. The company was founded in 1980 and is headquartered in North Geelong, Australia.

Frequently asked questions

• What percentage of Midway is owned by insiders or institutions?

  Currently 48.518% of Midway shares are held by insiders and 13.052% by institutions.

• When does the fiscal year end for Midway ?

  Midway 's fiscal year ends in June.

• Where is Midway based?

  Midway 's address is: North Geelong MDC, North Geelong, VIC, Australia, 3215

• What is Midway 's ISIN number?

  Midway 's international securities identification number is: AU000000MWY2