Midway Limited [ASX:MWY] share price and news 2022

Company Description

Midway Limited (MWY) is an Australian forestry company based in Geelong, Victoria. MWY’s core business is the production & marketing of woodfibre for supply to producers of pulp, paper and associated products in the Asian region. Woodfibre is produced from plantation hardwood, which represents majority of group’s export sales, with balance comprising woodfibre produced from plantation softwood logs & hardwood timber residues generated from the harvest of sawlogs from native hardwood forests.

Midway Limited belongs to Materials sector and under industry of Paper Products. You can get more information about this company via their website: http://www.midwaylimited.com.au.

This a small cap company with market cap of 68 millions.

Compared to Market and Sector

The following table compares the company to Market and Sector based on Earning, Price/Earning ratio(P/E), Price/Book ratio (P/B) and PE growth.

Company PE is greater than both sector and market. while Company PB is less than both sector and market. On the other hand, Company Earning is greater than both sector and market.

Earnings PE PB PE growth
Company 2.06 31.4 0.54 0.38
Market 0.85 22.3 1.99 0.84
Sector 1.02 15.5 2.44 0.55

Dividend Growth Chart

The following chart shows you how mwy dividend grows in the recent years.Midway Limited has dividend yield of 7.26%