Maiden Holdings (MHLD) AI Stock Analysis

• Market Cap: $67.85M
• Dividend Yield: N/A
• Average Volume (3M): 165.57K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.63
• Revenue Growth: -36.76%
• EPS Growth: -430.34%
• Country: US
• Employees: 45
• Sector: Financial
• Sector Strength: 85
• Industry: Insurance
• EPS (TTM): -2.02
• Shares Outstanding: 99,039,250
• 10 Day Avg. Volume: 203,818
• 30 Day Avg. Volume: 165,571
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 1.33
• Price to Cash Flow (P/CF): -0.40
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Maiden Holdings' overall stock score is significantly impacted by its poor financial performance, notably its declining revenue, negative net income, and severe cash flow issues, which indicate substantial financial risks. Technical analysis shows bearish momentum, with the stock trading below key moving averages and a negative MACD. The valuation is concerning, with a negative P/E ratio and no dividend yield, further reflecting the company's struggles. These factors combine to result in a low overall stock score.

Maiden Holdings Business Overview & Revenue Model

Company Description

Maiden Holdings Ltd. engages in the provision of non-catastrophic, customized reinsurance products and services to small and mid-size insurance companies. It operates through the Diversified Reinsurance and AmTrust Reinsurance segments. The Diversified Reinsurance segment consists of a portfolio of property and casualty reinsurance business. The AmTrust Reinsurance segment includes business ceded by AmTrust to maiden Bermuda. The company was founded in June 2007 and is headquartered in Hamilton, Bermuda.

How the Company Makes Money

Maiden Holdings generates revenue primarily through its reinsurance agreements with insurance companies. The company earns premiums by assuming a portion of the risk from its clients, which allows those clients to manage their risk exposure more effectively. Maiden Holdings' earnings are influenced by the volume of premiums written, the profitability of the underwriting process, and the management of investment portfolios that include fixed-income securities. Additionally, strategic partnerships and agreements with other insurers and reinsurers can enhance its revenue streams by expanding its market reach and diversifying its risk portfolio.

Maiden Holdings Financial Statement Overview

Summary

Maiden Holdings' financial health appears to be under significant stress. The income statement reflects declining revenue and profitability issues, with negative net income and a concerning trend over time. The balance sheet shows minimal leverage due to zero debt but has diminishing equity and assets, indicating financial instability. Cash flow problems are acute, with continuous negative free cash flow, suggesting liquidity constraints and operational challenges. Overall, the company faces substantial financial risks.

Income Statement

The income statement shows a concerning trend with declining revenue and negative net income for the latest period. Gross profit margin remains theoretically high due to total revenue equaling gross profit, but the net profit margin is significantly negative. Revenue has decreased substantially over the years, indicating potential operational challenges.

Balance Sheet

The balance sheet presents a mixed picture with a very low debt-to-equity ratio due to zero total debt, which is positive. However, stockholders' equity has been eroding, showing a substantial decline. The equity ratio indicates a lack of financial stability, and the company has seen a reduction in total assets over time.

Cash Flow

Cash flow analysis reveals significant challenges with consistently negative free cash flow and operating cash flow. The company has not managed to generate positive free cash flow, indicating potential liquidity issues. This trend raises concerns about the company's ability to maintain operations without external financing.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
56.44M	89.23M	8.26M	106.41M	175.60M
	Gross Profit
56.44M	89.23M	8.26M	106.41M	175.60M
	EBIT
21.09M	-86.43M	75.43M	25.59M	40.38M
	EBITDA
0.00	-25.25M	-41.17M	41.69M	62.13M
	Net Income Common Stockholders
-200.97M	-38.57M	-59.84M	18.90M	41.76M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
251.36M	243.84M	345.51M	623.81M	1.29B
	Total Assets
1.32B	1.52B	1.85B	2.32B	2.95B
	Total Debt
254.76M	254.60M	255.57M	255.35M	255.13M
	Net Debt
229.11M	219.19M	224.59M	228.68M	181.09M
	Total Liabilities
1.27B	1.27B	1.56B	304.31M	330.07M
	Stockholders Equity
45.19M	249.16M	284.58M	384.26M	527.82M
Cash Flow		Free Cash Flow
-67.45M	-59.78M	-195.93M	-394.43M	-541.77M
	Operating Cash Flow
-67.45M	-59.78M	-195.93M	-394.43M	-541.77M
	Investing Cash Flow
77.74M	58.51M	188.79M	464.06M	596.04M
	Financing Cash Flow
-3.73M	-3.02M	-10.98M	-138.90M	-30.13M

Maiden Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.68
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MHLD, the sentiment is Negative. The current price of 0.68 is below the 20-day moving average (MA) of 0.84, below the 50-day MA of 0.98, and below the 200-day MA of 1.56, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 37.77 is Neutral, neither overbought nor oversold. The STOCH value of 10.30 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MHLD.

Maiden Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ACGL	81 Outperform	$35.02B	8.34	22.02%	―	26.24%	-3.87%
RLI	77 Outperform	$6.98B	20.49	23.56%	0.76%	18.31%	13.13%
MKL	73 Outperform	$23.60B	9.35	16.52%	―	5.17%	35.36%
RNR	73 Outperform	$11.85B	6.97	18.40%	0.64%	28.22%	-31.48%
SIGI	65 Neutral	$5.34B	27.20	6.82%	1.64%	15.35%	-44.64%
Sector *	64 Neutral	$14.22B	10.62	8.70%	4.23%	17.28%	-8.31%
MHLD	37 Underperform	$67.85M	―	-136.56%	―	-36.76%	-430.34%

Maiden Holdings Corporate Events

Maiden Holdings and Kestrel Group Form Insurance Entity

Maiden Holdings and Kestrel Group have entered into a combination agreement to form a new publicly listed specialty insurance group, with the transaction valuing Kestrel at up to $167.5 million. The new entity will be rebranded as Kestrel Group and listed on Nasdaq, combining the strengths of two values-driven organizations to optimize returns and deliver a fee-based insurance platform. Maiden anticipates incurring charges up to $150 million in the fourth quarter related to the resolution of liabilities not covered by the Enstar agreement, which may impact the company’s financial position.