26.03 USD
-0.16 (-0.6%)
Taking everything into account, FRMEP scores 5 out of 10 in our fundamental rating. FRMEP was compared to 388 industry peers in the Banks industry. There are concerns on the financial health of FRMEP while its profitability can be described as average. A decent growth rate in combination with a cheap valuation! Better keep an eye on FRMEP. 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.
FRMEP had positive earnings in each of the past 5 years.
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 78.87% of its industry peers.
With a decent Return On Equity value of 9.59%, FRMEP is doing good in the industry, outperforming 60.57% of the companies in the same industry.
| 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
With an excellent Profit Margin value of 34.65%, FRMEP belongs to the best of the industry, outperforming 90.98% of the companies in the same industry.
In the last couple of years the Profit Margin of FRMEP has declined.
The Operating Margin and Gross Margin are not available for FRMEP so they could not be analyzed.
| 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.
The number of shares outstanding for FRMEP has been reduced compared to 1 year ago.
FRMEP has more shares outstanding than it did 5 years ago.
FRMEP has a worse debt/assets ratio than last year.
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.
FRMEP has a Debt to FCF ratio (1.40) which is comparable to the rest of the industry.
FRMEP has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.16, FRMEP is in line with its industry, outperforming 52.58% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 1.4 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC19.82%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
FRMEP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.25%, which is quite good.
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.
Looking at the last year, FRMEP shows a small growth in Revenue. The Revenue has grown by 6.68% in the last year.
The Revenue has been growing slightly by 7.84% on average over the past years.
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 12.84% on average per year.
FRMEP is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.82% yearly.
EPS Next Y20.59%
EPS Next 2Y13.45%
EPS Next 3Y12.84%
EPS Next 5YN/A
Revenue Next Year3.06%
Revenue Next 2Y8.55%
Revenue Next 3Y8.82%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 7.11, 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 94.59% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.45, FRMEP is valued rather cheaply.
The Price/Forward Earnings ratio is 6.24, which indicates a rather cheap valuation of FRMEP.
Based on the Price/Forward Earnings ratio, FRMEP is valued cheaply inside the industry as 94.33% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of FRMEP to the average of the S&P500 Index (34.46), we can say FRMEP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.11 | ||
| Fwd PE | 6.24 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, FRMEP is valued cheaply inside the industry as 89.95% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.57 | ||
| 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 12.84% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.35
PEG (5Y)N/A
EPS Next 2Y13.45%
EPS Next 3Y12.84%
5. Dividend
5.1 Amount
FRMEP has a Yearly Dividend Yield of 4.08%, which is a nice return.
FRMEP's Dividend Yield is a higher than the industry average which is at 3.35.
FRMEP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.08% |
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
36.49% of the earnings are spent on dividend by FRMEP. This is a low number and sustainable payout ratio.
The dividend of FRMEP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP36.49%
EPS Next 2Y13.45%
EPS Next 3Y12.84%
FIRST MERCHANTS CORP - FRME 7 1/2 PERP
NASDAQ:FRMEP (11/21/2025, 8:00:01 PM)
26.03
-0.16 (-0.6%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners78.64%
Inst Owner ChangeN/A
Ins Owners1.62%
Ins Owner ChangeN/A
Market Cap1.51B
Revenue(TTM)667.89M
Net Income(TTM)231.41M
Analysts80
Price Target33.63 (29.2%)
Short Float %0%
Short Ratio1.09
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.08% |
Yearly Dividend1.42
Dividend Growth(5Y)7.59%
DP36.49%
Div Incr Years0
Div Non Decr Years4
Ex-Date
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)3.25%
PT rev (3m)2.51%
EPS NQ rev (1m)-0.32%
EPS NQ rev (3m)-1.37%
EPS NY rev (1m)0.08%
EPS NY rev (3m)-0.39%
Revenue NQ rev (1m)-0.06%
Revenue NQ rev (3m)-1.04%
Revenue NY rev (1m)-0.13%
Revenue NY rev (3m)-0.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.11 | ||
| Fwd PE | 6.24 | ||
| P/S | 2.25 | ||
| P/FCF | 5.57 | ||
| P/OCF | 5.57 | ||
| P/B | 0.62 | ||
| P/tB | 0.89 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.66
EY14.06%
EPS(NY)4.17
Fwd EY16.02%
FCF(TTM)4.68
FCFY17.97%
OCF(TTM)4.68
OCFY17.97%
SpS11.55
BVpS41.72
TBVpS29.14
PEG (NY)0.35
PEG (5Y)N/A
Graham Number58.62
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
WACC19.82%
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 Y20.59%
EPS Next 2Y13.45%
EPS Next 3Y12.84%
EPS Next 5YN/A
Revenue 1Y (TTM)6.68%
Revenue growth 3Y7.54%
Revenue growth 5Y7.84%
Sales Q2Q%6.52%
Revenue Next Year3.06%
Revenue Next 2Y8.55%
Revenue Next 3Y8.82%
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.
Can you provide the valuation status for FIRST MERCHANTS CORP - FRME 7 1/2 PERP?
ChartMill assigns a valuation rating of 8 / 10 to FIRST MERCHANTS CORP - FRME 7 1/2 PERP (FRMEP). This can be considered as Undervalued.
Can you provide the profitability details for FIRST MERCHANTS CORP - FRME 7 1/2 PERP?
FIRST MERCHANTS CORP - FRME 7 1/2 PERP (FRMEP) has a profitability rating of 4 / 10.
What are the PE and PB ratios of FIRST MERCHANTS CORP - FRME 7 1/2 PERP (FRMEP) stock?
The Price/Earnings (PE) ratio for FIRST MERCHANTS CORP - FRME 7 1/2 PERP (FRMEP) is 7.11 and the Price/Book (PB) ratio is 0.62.
How sustainable is the dividend of FIRST MERCHANTS CORP - FRME 7 1/2 PERP (FRMEP) stock?
The dividend rating of FIRST MERCHANTS CORP - FRME 7 1/2 PERP (FRMEP) is 7 / 10 and the dividend payout ratio is 36.49%.