FIRST MID BANCSHARES INC (FMBH)
US3208661062 - Common Stock
Overall FMBH gets a fundamental rating of 3 out of 10. We evaluated FMBH against 412 industry peers in the Banks industry. FMBH has a bad profitability rating. Also its financial health evaluation is rather negative. FMBH is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year FMBH was profitable.
FMBH had a positive operating cash flow in the past year.
In the past 5 years FMBH has always been profitable.
Each year in the past 5 years FMBH had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.91%, FMBH is in line with its industry, outperforming 53.40% of the companies in the same industry.
Looking at the Return On Equity, with a value of 8.69%, FMBH is in line with its industry, outperforming 46.60% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.91% | ||
| ROE | 8.69% | ||
| ROIC | N/A |
ROA(3y)0.95%
ROA(5y)1.01%
ROE(3y)9.45%
ROE(5y)9.08%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of FMBH (24.60%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of FMBH has remained more or less at the same level.
FMBH does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 24.6% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y0.49%
PM growth 5Y-0.23%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
FMBH does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for FMBH has been increased compared to 1 year ago.
FMBH has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, FMBH has an improved debt to assets ratio.
2.2 Solvency
FMBH has a debt to FCF ratio of 5.01. This is a neutral value as FMBH would need 5.01 years to pay back of all of its debts.
The Debt to FCF ratio of FMBH (5.01) is worse than 67.96% of its industry peers.
A Debt/Equity ratio of 0.43 indicates that FMBH is not too dependend on debt financing.
FMBH has a Debt to Equity ratio of 0.43. This is in the lower half of the industry: FMBH underperforms 67.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 5.01 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC11.85%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
FMBH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -17.71%.
FMBH shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.97% yearly.
The Revenue has grown by 8.23% in the past year. This is quite good.
The Revenue has been growing by 13.76% on average over the past years. This is quite good.
EPS 1Y (TTM)-17.71%
EPS 3Y3.8%
EPS 5Y1.97%
EPS growth Q2Q-24.75%
Revenue 1Y (TTM)8.23%
Revenue growth 3Y14.46%
Revenue growth 5Y13.76%
Revenue growth Q2Q24.03%
3.2 Future
The Earnings Per Share is expected to grow by 6.89% on average over the next years.
Based on estimates for the next years, FMBH will show a quite strong growth in Revenue. The Revenue will grow by 9.78% on average per year.
EPS Next Y8.33%
EPS Next 2Y6.89%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year15.02%
Revenue Next 2Y9.78%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 10.47, the valuation of FMBH can be described as very reasonable.
FMBH's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 24.55, FMBH is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 9.66, the valuation of FMBH can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FMBH indicates a somewhat cheap valuation: FMBH is cheaper than 64.08% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of FMBH to the average of the S&P500 Index (20.92), we can say FMBH is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.47 | ||
| Fwd PE | 9.66 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, FMBH is valued a bit more expensive than 61.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.98 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
FMBH's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.26
PEG (5Y)5.33
EPS Next 2Y6.89%
EPS Next 3YN/A
5. Dividend
5.1 Amount
FMBH has a Yearly Dividend Yield of 2.97%.
Compared to an average industry Dividend Yield of 3.86, FMBH is paying slightly less dividend.
FMBH's Dividend Yield is a higher than the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.97% |
5.2 History
The dividend of FMBH is nicely growing with an annual growth rate of 8.02%!
FMBH has been paying a dividend for at least 10 years, so it has a reliable track record.
As FMBH did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)8.02%
Div Incr Years7
Div Non Decr Years7
5.3 Sustainability
FMBH pays out 28.37% of its income as dividend. This is a sustainable payout ratio.
The dividend of FMBH is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP28.37%
EPS Next 2Y6.89%
EPS Next 3YN/A
FIRST MID BANCSHARES INC
NASDAQ:FMBH (5/1/2024, 7:00:00 PM)
After market: 31.62 0 (0%)31.62
+0.66 (+2.13%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap755.40M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.97% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.47 | ||
| Fwd PE | 9.66 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.26
PEG (5Y)5.33
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.91% | ||
| ROE | 8.69% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 24.6% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-17.71%
EPS 3Y3.8%
EPS 5Y
EPS growth Q2Q
EPS Next Y8.33%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)8.23%
Revenue growth 3Y14.46%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y