25.75 USD
-0.09 (-0.35%)
Overall FRMEP gets a fundamental rating of 4 out of 10. We evaluated FRMEP against 388 industry peers in the Banks industry. There are concerns on the financial health of FRMEP while its profitability can be described as average. FRMEP scores decently on growth, while it is valued quite cheap. This could make an interesting combination. Finally FRMEP also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
FRMEP had positive earnings in the past year.
FRMEP had a positive operating cash flow in the past year.
In the past 5 years FRMEP has always been profitable.
In the past 5 years FRMEP always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.23%, FRMEP is in the better half of the industry, outperforming 78.35% of the companies in the same industry.
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
The Profit Margin of FRMEP (34.65%) is better than 90.21% of its industry peers.
FRMEP's Profit Margin has declined in the last couple of years.
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
The Debt to FCF ratio of FRMEP is 1.40, which is an excellent value as it means it would take FRMEP, only 1.40 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 1.40, FRMEP perfoms like the industry average, outperforming 58.25% of the companies in the same industry.
FRMEP has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of FRMEP (0.16) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 1.4 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC20.01%
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.
FRMEP shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.72% yearly.
The Revenue has been growing slightly by 6.68% in the past year.
Measured over the past years, FRMEP shows a small growth in Revenue. The Revenue has been growing by 7.84% on average per year.
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
The Earnings Per Share is expected to grow by 12.67% on average over the next years. This is quite good.
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
With a Price/Earnings ratio of 7.04, the valuation of FRMEP can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of FRMEP indicates a rather cheap valuation: FRMEP is cheaper than 95.36% of the companies listed in the same industry.
FRMEP's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.51.
A Price/Forward Earnings ratio of 6.18 indicates a rather cheap valuation of FRMEP.
Based on the Price/Forward Earnings ratio, FRMEP is valued cheaply inside the industry as 95.62% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.13, FRMEP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.04 | ||
| Fwd PE | 6.18 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, FRMEP is valued cheaply inside the industry as 91.49% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.51 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The 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
FRMEP has a Yearly Dividend Yield of 3.75%. Purely for dividend investing, there may be better candidates out there.
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
On average, the dividend of FRMEP grows each year by 7.59%, which is quite nice.
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.
FRMEP's earnings are growing more than its dividend. This makes the dividend growth 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
WACC20.01%
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.