Mirza International Analysis

dividend

Pros

• Dividends per share have increased over the past 10 years.
• Dividends paid are well covered by earnings (4.4x coverage).
• Dividends per share have been stable in the past 10 years.
• Mirza International's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
• Mirza International's dividend is above the markets top 25% of dividend payers in India (3.08%).

Cons

health

Pros

• Mirza International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
• Mirza International is profitable, therefore cash runway is not a concern.
• Mirza International is profitable, therefore cash runway is not a concern.
• Debt is well covered by operating cash flow (93.5%, greater than 20% of total debt).
• Debt is covered by short term assets, assets are 2.1x debt.
• Mirza International's cash and other short term assets cover its long term commitments.

Cons

• The level of debt compared to net worth has increased over the past 5 years (52.1% vs 53.6% today).
• Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).
• Mirza International's level of debt (53.6%) compared to net worth is high (greater than 40%).
• High level of physical assets or inventory.

management

Pros

• The average tenure for the Mirza International board of directors is over 10 years, this suggests they are a seasoned and experienced board.
• Rashid's compensation has been consistent with company performance over the past year, both up more than 20%.
• More shares have been bought than sold by Mirza International individual insiders in the past 3 months.
• The tenure for the Mirza International management team is about average.

Cons

• Rashid's remuneration is higher than average for companies of similar size in India.

misc

Pros

Cons

• Mirza International is not covered by any analysts.
• Mirza International has significant price volatility in the past 3 months.

past

Pros

• Mirza International used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.

Cons

• Mirza International's 1-year earnings growth is negative, it can't be compared to the 5-year average.
• Mirza International's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
• Mirza International's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
• Mirza International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
• Mirza International's 1-year earnings growth is negative, it can't be compared to the IN Luxury industry average.

value

Pros

• Mirza International's share price is below the future cash flow value, and at a moderate discount (> 20%).
• Mirza International's share price is below the future cash flow value, and at a substantial discount (> 40%).
• Mirza International is good value based on earnings compared to the India market.

Cons

• Mirza International is overvalued based on assets compared to the IN Luxury industry average.
• Mirza International is overvalued based on earnings compared to the IN Luxury industry average.
• MIRZAINT underperformed the Luxury industry which returned -22.1% over the past year.
• MIRZAINT underperformed the Market in India which returned -14.5% over the past year.
• NSEI:MIRZAINT is up 1.1% underperforming the Luxury industry which returned 9.8% over the past month.
• NSEI:MIRZAINT is up 1.1% underperforming the market in India which returned 8% over the past month.