25.75 USD
-0.09 (-0.35%)
FRMEP gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 388 industry peers in the Banks industry. While FRMEP is still in line with the averages on profitability rating, there are concerns on its financial health. FRMEP scores decently on growth, while it is valued quite cheap. This could make an interesting combination. FRMEP also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year FRMEP was profitable.
In the past year FRMEP had a positive cash flow from operations.
In the past 5 years FRMEP has always been profitable.
FRMEP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of FRMEP (1.23%) is better than 78.35% of its industry peers.
FRMEP has a Return On Equity (9.59%) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.23% | ||
| ROE | 9.59% | ||
| ROIC | N/A |
ROA(3y)1.18%
ROA(5y)1.18%
ROE(3y)9.79%
ROE(5y)9.61%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
FRMEP's Profit Margin of 34.65% is amongst the best of the industry. FRMEP outperforms 90.21% of its industry peers.
In the last couple of years the Profit Margin of FRMEP has declined.
FRMEP 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) | 34.65% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-7.92%
PM growth 5Y-3.62%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
FRMEP does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, FRMEP has less shares outstanding
The number of shares outstanding for FRMEP has been increased compared to 5 years ago.
Compared to 1 year ago, FRMEP has a worse debt to assets ratio.
2.2 Solvency
FRMEP has a debt to FCF ratio of 1.40. This is a very positive value and a sign of high solvency as it would only need 1.40 years to pay back of all of its debts.
FRMEP has a Debt to FCF ratio of 1.40. This is comparable to the rest of the industry: FRMEP outperforms 58.25% of its industry peers.
A Debt/Equity ratio of 0.16 indicates that FRMEP is not too dependend on debt financing.
FRMEP has a Debt to Equity ratio (0.16) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 1.4 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC20.03%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 9.25% over the past year.
Measured over the past years, FRMEP shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.72% on average per year.
FRMEP shows a small growth in Revenue. In the last year, the Revenue has grown by 6.68%.
FRMEP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.84% yearly.
EPS 1Y (TTM)9.25%
EPS 3Y-5.26%
EPS 5Y-0.72%
EPS Q2Q%3.16%
Revenue 1Y (TTM)6.68%
Revenue growth 3Y7.54%
Revenue growth 5Y7.84%
Sales Q2Q%6.52%
3.2 Future
Based on estimates for the next years, FRMEP will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.67% on average per year.
The Revenue is expected to grow by 8.74% on average over the next years. This is quite good.
EPS Next Y20.69%
EPS Next 2Y13.38%
EPS Next 3Y12.67%
EPS Next 5YN/A
Revenue Next Year3.04%
Revenue Next 2Y8.59%
Revenue Next 3Y8.74%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 7.04 indicates a rather cheap valuation of FRMEP.
Based on the Price/Earnings ratio, FRMEP is valued cheaper than 95.36% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.51. FRMEP is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 6.18, the valuation of FRMEP can be described as very cheap.
FRMEP's Price/Forward Earnings ratio is rather cheap when compared to the industry. FRMEP is cheaper than 95.62% of the companies in the same industry.
FRMEP's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.13.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.04 | ||
| Fwd PE | 6.18 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FRMEP indicates a rather cheap valuation: FRMEP is cheaper than 91.49% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.51 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
FRMEP's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
FRMEP's earnings are expected to grow with 12.67% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.34
PEG (5Y)N/A
EPS Next 2Y13.38%
EPS Next 3Y12.67%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.75%, FRMEP has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.74, FRMEP pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.00, FRMEP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.75% |
5.2 History
The dividend of FRMEP is nicely growing with an annual growth rate of 7.59%!
FRMEP has been paying a dividend for over 5 years, so it has already some track record.
FRMEP has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)7.59%
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
FRMEP pays out 36.49% of its income as dividend. This is a sustainable payout ratio.
The dividend of FRMEP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP36.49%
EPS Next 2Y13.38%
EPS Next 3Y12.67%
FIRST MERCHANTS CORP - FRME 7 1/2 PERP
NASDAQ:FRMEP (12/30/2025, 8:26:18 PM)
25.75
-0.09 (-0.35%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners78.76%
Inst Owner ChangeN/A
Ins Owners1.62%
Ins Owner ChangeN/A
Market Cap1.49B
Revenue(TTM)667.89M
Net Income(TTM)231.41M
Analysts80
Price Target31.4 (21.94%)
Short Float %0%
Short Ratio0.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.75% |
Yearly Dividend1.42
Dividend Growth(5Y)7.59%
DP36.49%
Div Incr Years0
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.17%
Min EPS beat(2)0.05%
Max EPS beat(2)2.3%
EPS beat(4)3
Avg EPS beat(4)-3.54%
Min EPS beat(4)-17.32%
Max EPS beat(4)2.3%
EPS beat(8)5
Avg EPS beat(8)-3.48%
EPS beat(12)6
Avg EPS beat(12)-3.21%
EPS beat(16)8
Avg EPS beat(16)-2.63%
Revenue beat(2)0
Avg Revenue beat(2)-6.04%
Min Revenue beat(2)-6.41%
Max Revenue beat(2)-5.68%
Revenue beat(4)1
Avg Revenue beat(4)-4.16%
Min Revenue beat(4)-8.02%
Max Revenue beat(4)3.45%
Revenue beat(8)1
Avg Revenue beat(8)-5.21%
Revenue beat(12)1
Avg Revenue beat(12)-5.53%
Revenue beat(16)1
Avg Revenue beat(16)-5.32%
PT rev (1m)-6.64%
PT rev (3m)3.11%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.37%
EPS NY rev (1m)0.09%
EPS NY rev (3m)-0.31%
Revenue NQ rev (1m)-0.07%
Revenue NQ rev (3m)-0.73%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)-0.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.04 | ||
| Fwd PE | 6.18 | ||
| P/S | 2.23 | ||
| P/FCF | 5.51 | ||
| P/OCF | 5.51 | ||
| P/B | 0.62 | ||
| P/tB | 0.88 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.66
EY14.21%
EPS(NY)4.17
Fwd EY16.18%
FCF(TTM)4.68
FCFY18.16%
OCF(TTM)4.68
OCFY18.16%
SpS11.55
BVpS41.72
TBVpS29.14
PEG (NY)0.34
PEG (5Y)N/A
Graham Number58.61
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.23% | ||
| ROE | 9.59% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 34.65% | ||
| GM | N/A | ||
| FCFM | 40.49% |
ROA(3y)1.18%
ROA(5y)1.18%
ROE(3y)9.79%
ROE(5y)9.61%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-7.92%
PM growth 5Y-3.62%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 1.4 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 116.87% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score9
WACC20.03%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)123.83%
Profit Quality(5y)121.91%
High Growth Momentum
Growth
EPS 1Y (TTM)9.25%
EPS 3Y-5.26%
EPS 5Y-0.72%
EPS Q2Q%3.16%
EPS Next Y20.69%
EPS Next 2Y13.38%
EPS Next 3Y12.67%
EPS Next 5YN/A
Revenue 1Y (TTM)6.68%
Revenue growth 3Y7.54%
Revenue growth 5Y7.84%
Sales Q2Q%6.52%
Revenue Next Year3.04%
Revenue Next 2Y8.59%
Revenue Next 3Y8.74%
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-8.64%
FCF growth 3Y8.68%
FCF growth 5Y8.54%
OCF growth 1Y-8.64%
OCF growth 3Y8.68%
OCF growth 5Y8.54%
FIRST MERCHANTS CORP - FRME 7 1/2 PERP / FRMEP FAQ
What is the ChartMill fundamental rating of FIRST MERCHANTS CORP - FRME 7 1/2 PERP (FRMEP) stock?
ChartMill assigns a fundamental rating of 4 / 10 to FRMEP.
What is the valuation status of FIRST MERCHANTS CORP - FRME 7 1/2 PERP (FRMEP) stock?
ChartMill assigns a valuation rating of 8 / 10 to FIRST MERCHANTS CORP - FRME 7 1/2 PERP (FRMEP). This can be considered as Undervalued.
How profitable is FIRST MERCHANTS CORP - FRME 7 1/2 PERP (FRMEP) stock?
FIRST MERCHANTS CORP - FRME 7 1/2 PERP (FRMEP) has a profitability rating of 4 / 10.
Can you provide the financial health for FRMEP stock?
The financial health rating of FIRST MERCHANTS CORP - FRME 7 1/2 PERP (FRMEP) is 2 / 10.
What is the earnings growth outlook for FIRST MERCHANTS CORP - FRME 7 1/2 PERP?
The Earnings per Share (EPS) of FIRST MERCHANTS CORP - FRME 7 1/2 PERP (FRMEP) is expected to grow by 20.69% in the next year.