MAIN STREET CAPITAL CORP (MAIN) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MAIN - US56035L1044 - Common Stock
60.77 USD
+0.96 (+1.61%)
60.77 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to MAIN. MAIN was compared to 235 industry peers in the Capital Markets industry. MAIN scores excellent on profitability, but there are some minor concerns on its financial health. MAIN has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
MAIN had positive earnings in the past year.
In the past year MAIN had a positive cash flow from operations.
Each year in the past 5 years MAIN has been profitable.
MAIN had negative operating cash flow in 4 of the past 5 years.
1.2 Ratios
MAIN has a Return On Assets of 10.16%. This is amongst the best in the industry. MAIN outperforms 88.24% of its industry peers.
The Return On Equity of MAIN (18.28%) is better than 84.87% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.54%, MAIN is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
MAIN had an Average Return On Invested Capital over the past 3 years of 5.48%. This is in line with the industry average of 7.07%.
The 3 year average ROIC (5.48%) for MAIN is below the current ROIC(5.54%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.16% | ||
| ROE | 18.28% | ||
| ROIC | 5.54% |
ROA(3y)8.42%
ROA(5y)7.06%
ROE(3y)15.64%
ROE(5y)13.47%
ROIC(3y)5.48%
ROIC(5y)4.88%
1.3 Margins
Looking at the Profit Margin, with a value of 95.59%, MAIN belongs to the top of the industry, outperforming 96.22% of the companies in the same industry.
MAIN's Profit Margin has improved in the last couple of years.
MAIN has a Operating Margin of 64.67%. This is amongst the best in the industry. MAIN outperforms 97.48% of its industry peers.
In the last couple of years the Operating Margin of MAIN has remained more or less at the same level.
Looking at the Gross Margin, with a value of 76.81%, MAIN belongs to the top of the industry, outperforming 83.19% of the companies in the same industry.
In the last couple of years the Gross Margin of MAIN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 64.67% | ||
| PM (TTM) | 95.59% | ||
| GM | 76.81% |
OM growth 3Y1.25%
OM growth 5Y0.3%
PM growth 3Y-6.38%
PM growth 5Y12.02%
GM growth 3Y-1.04%
GM growth 5Y-0.55%
2. Health
2.1 Basic Checks
Compared to 1 year ago, MAIN has more shares outstanding
Compared to 5 years ago, MAIN has more shares outstanding
The debt/assets ratio for MAIN is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 1.86 indicates that MAIN is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 1.86, MAIN is doing good in the industry, outperforming 68.07% of the companies in the same industry.
The Debt to FCF ratio of MAIN is 6.77, which is on the high side as it means it would take MAIN, 6.77 years of fcf income to pay off all of its debts.
MAIN has a better Debt to FCF ratio (6.77) than 65.13% of its industry peers.
MAIN has a Debt/Equity ratio of 0.73. This is a neutral value indicating MAIN is somewhat dependend on debt financing.
MAIN has a Debt to Equity ratio (0.73) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 6.77 | ||
| Altman-Z | 1.86 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
MAIN has a Current Ratio of 1.17. This is a normal value and indicates that MAIN is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.17, MAIN is in line with its industry, outperforming 54.62% of the companies in the same industry.
MAIN has a Quick Ratio of 1.17. This is a normal value and indicates that MAIN is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.17, MAIN perfoms like the industry average, outperforming 55.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.17 | ||
| Quick Ratio | 1.17 |
3. Growth
3.1 Past
The earnings per share for MAIN have decreased by -3.39% in the last year.
The Earnings Per Share has been growing by 10.20% on average over the past years. This is quite good.
MAIN shows a small growth in Revenue. In the last year, the Revenue has grown by 5.92%.
Measured over the past years, MAIN shows a quite strong growth in Revenue. The Revenue has been growing by 17.32% on average per year.
EPS 1Y (TTM)-3.39%
EPS 3Y15.62%
EPS 5Y10.2%
EPS Q2Q%-3%
Revenue 1Y (TTM)5.92%
Revenue growth 3Y23.25%
Revenue growth 5Y17.32%
Sales Q2Q%34.26%
3.2 Future
MAIN is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.63% yearly.
The Revenue is expected to decrease by -3.72% on average over the next years.
EPS Next Y-1.5%
EPS Next 2Y-1.28%
EPS Next 3Y-0.63%
EPS Next 5YN/A
Revenue Next Year3.18%
Revenue Next 2Y2.71%
Revenue Next 3Y-3.72%
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 decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 15.23 indicates a correct valuation of MAIN.
MAIN's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 26.92. MAIN is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 15.28, the valuation of MAIN can be described as correct.
MAIN's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 23.46. MAIN is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.23 | ||
| Fwd PE | 15.28 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MAIN indicates a somewhat cheap valuation: MAIN is cheaper than 64.29% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.14 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
MAIN has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.49
EPS Next 2Y-1.28%
EPS Next 3Y-0.63%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.22%, MAIN is a good candidate for dividend investing.
MAIN's Dividend Yield is comparable with the industry average which is at 6.65.
MAIN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.22% |
5.2 History
On average, the dividend of MAIN grows each year by 7.16%, which is quite nice.
MAIN has been paying a dividend for at least 10 years, so it has a reliable track record.
MAIN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)7.16%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
62.65% of the earnings are spent on dividend by MAIN. This is not a sustainable payout ratio.
MAIN's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP62.65%
EPS Next 2Y-1.28%
EPS Next 3Y-0.63%
60.77
+0.96 (+1.61%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners23.62%
Inst Owner Change16.5%
Ins Owners1.59%
Ins Owner Change-0.45%
Market Cap5.44B
Revenue(TTM)561.29M
Net Income(TTM)536.52M
Analysts72.31
Price Target63.09 (3.82%)
Short Float %7.29%
Short Ratio11.1
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.22% |
Yearly Dividend3.7
Dividend Growth(5Y)7.16%
DP62.65%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-2.25%
Min EPS beat(2)-2.92%
Max EPS beat(2)-1.58%
EPS beat(4)0
Avg EPS beat(4)-2.33%
Min EPS beat(4)-3.29%
Max EPS beat(4)-1.55%
EPS beat(8)1
Avg EPS beat(8)-1.79%
EPS beat(12)4
Avg EPS beat(12)-0.1%
EPS beat(16)8
Avg EPS beat(16)1.32%
Revenue beat(2)2
Avg Revenue beat(2)15.81%
Min Revenue beat(2)2.86%
Max Revenue beat(2)28.76%
Revenue beat(4)2
Avg Revenue beat(4)6.62%
Min Revenue beat(4)-2.97%
Max Revenue beat(4)28.76%
Revenue beat(8)4
Avg Revenue beat(8)2.98%
Revenue beat(12)7
Avg Revenue beat(12)2.62%
Revenue beat(16)10
Avg Revenue beat(16)3.16%
PT rev (1m)1.96%
PT rev (3m)-0.23%
EPS NQ rev (1m)-0.34%
EPS NQ rev (3m)-0.8%
EPS NY rev (1m)-0.98%
EPS NY rev (3m)-1.9%
Revenue NQ rev (1m)-0.7%
Revenue NQ rev (3m)-1.35%
Revenue NY rev (1m)-0.55%
Revenue NY rev (3m)-0.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.23 | ||
| Fwd PE | 15.28 | ||
| P/S | 9.7 | ||
| P/FCF | 17.14 | ||
| P/OCF | 17.14 | ||
| P/B | 1.86 | ||
| P/tB | 1.86 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.99
EY6.57%
EPS(NY)3.98
Fwd EY6.54%
FCF(TTM)3.55
FCFY5.83%
OCF(TTM)3.55
OCFY5.83%
SpS6.27
BVpS32.76
TBVpS32.76
PEG (NY)N/A
PEG (5Y)1.49
Graham Number54.23
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.16% | ||
| ROE | 18.28% | ||
| ROCE | 7.01% | ||
| ROIC | 5.54% | ||
| ROICexc | 5.57% | ||
| ROICexgc | 5.57% | ||
| OM | 64.67% | ||
| PM (TTM) | 95.59% | ||
| GM | 76.81% | ||
| FCFM | 56.59% |
ROA(3y)8.42%
ROA(5y)7.06%
ROE(3y)15.64%
ROE(5y)13.47%
ROIC(3y)5.48%
ROIC(5y)4.88%
ROICexc(3y)5.55%
ROICexc(5y)4.95%
ROICexgc(3y)5.55%
ROICexgc(5y)4.95%
ROCE(3y)6.93%
ROCE(5y)6.18%
ROICexgc growth 3Y12.2%
ROICexgc growth 5Y3.63%
ROICexc growth 3Y12.2%
ROICexc growth 5Y3.63%
OM growth 3Y1.25%
OM growth 5Y0.3%
PM growth 3Y-6.38%
PM growth 5Y12.02%
GM growth 3Y-1.04%
GM growth 5Y-0.55%
F-Score5
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 6.77 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.9 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 59.2% | ||
| Current Ratio | 1.17 | ||
| Quick Ratio | 1.17 | ||
| Altman-Z | 1.86 |
F-Score5
WACCN/A
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)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-3.39%
EPS 3Y15.62%
EPS 5Y10.2%
EPS Q2Q%-3%
EPS Next Y-1.5%
EPS Next 2Y-1.28%
EPS Next 3Y-0.63%
EPS Next 5YN/A
Revenue 1Y (TTM)5.92%
Revenue growth 3Y23.25%
Revenue growth 5Y17.32%
Sales Q2Q%34.26%
Revenue Next Year3.18%
Revenue Next 2Y2.71%
Revenue Next 3Y-3.72%
Revenue Next 5YN/A
EBIT growth 1Y2.27%
EBIT growth 3Y24.79%
EBIT growth 5Y17.67%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y123.69%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y123.69%
OCF growth 3YN/A
OCF growth 5YN/A
MAIN STREET CAPITAL CORP / MAIN FAQ
Can you provide the ChartMill fundamental rating for MAIN STREET CAPITAL CORP?
ChartMill assigns a fundamental rating of 5 / 10 to MAIN.
Can you provide the valuation status for MAIN STREET CAPITAL CORP?
ChartMill assigns a valuation rating of 4 / 10 to MAIN STREET CAPITAL CORP (MAIN). This can be considered as Fairly Valued.
What is the profitability of MAIN stock?
MAIN STREET CAPITAL CORP (MAIN) has a profitability rating of 8 / 10.
What is the valuation of MAIN STREET CAPITAL CORP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for MAIN STREET CAPITAL CORP (MAIN) is 15.23 and the Price/Book (PB) ratio is 1.86.
Can you provide the dividend sustainability for MAIN stock?
The dividend rating of MAIN STREET CAPITAL CORP (MAIN) is 6 / 10 and the dividend payout ratio is 62.65%.