MAIN STREET CAPITAL CORP (MAIN) Fundamental Analysis & Valuation

NYSE:MAIN • US56035L1044

Current stock price

57.83 USD
+1.44 (+2.55%)
At close:
58.5171 USD
+0.69 (+1.19%)
After Hours:

This MAIN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. MAIN Profitability Analysis

1.1 Basic Checks

  • In the past year MAIN was profitable.
  • MAIN had a negative operating cash flow in the past year.
  • In the past 5 years MAIN has always been profitable.
  • In the past 5 years MAIN reported 4 times negative operating cash flow.
MAIN Yearly Net Income VS EBIT VS OCF VS FCFMAIN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M -400M

1.2 Ratios

  • MAIN's Return On Assets of 8.68% is amongst the best of the industry. MAIN outperforms 80.42% of its industry peers.
  • MAIN has a Return On Equity of 16.48%. This is in the better half of the industry: MAIN outperforms 76.67% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 5.21%, MAIN is in the better half of the industry, outperforming 67.92% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for MAIN is in line with the industry average of 7.19%.
Industry RankSector Rank
ROA 8.68%
ROE 16.48%
ROIC 5.21%
ROA(3y)9.42%
ROA(5y)8.58%
ROE(3y)17.31%
ROE(5y)16.38%
ROIC(3y)5.66%
ROIC(5y)5.13%
MAIN Yearly ROA, ROE, ROICMAIN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • MAIN has a Profit Margin of 87.11%. This is amongst the best in the industry. MAIN outperforms 95.42% of its industry peers.
  • MAIN's Profit Margin has improved in the last couple of years.
  • MAIN has a Operating Margin of 64.75%. This is amongst the best in the industry. MAIN outperforms 98.33% of its industry peers.
  • MAIN's Operating Margin has been stable in the last couple of years.
  • MAIN has a Gross Margin of 77.40%. This is amongst the best in the industry. MAIN outperforms 84.17% of its industry peers.
  • In the last couple of years the Gross Margin of MAIN has remained more or less at the same level.
Industry RankSector Rank
OM 64.75%
PM (TTM) 87.11%
GM 77.4%
OM growth 3Y-0.17%
OM growth 5Y0.89%
PM growth 3Y10.77%
PM growth 5Y45.83%
GM growth 3Y-0.77%
GM growth 5Y-0.08%
MAIN Yearly Profit, Operating, Gross MarginsMAIN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80 100

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2

2. MAIN Health Analysis

2.1 Basic Checks

  • MAIN has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for MAIN has been increased compared to 5 years ago.
  • Compared to 1 year ago, MAIN has a worse debt to assets ratio.
MAIN Yearly Shares OutstandingMAIN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
MAIN Yearly Total Debt VS Total AssetsMAIN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

2.2 Solvency

  • MAIN has an Altman-Z score of 1.58. This is a bad value and indicates that MAIN is not financially healthy and even has some risk of bankruptcy.
  • MAIN has a better Altman-Z score (1.58) than 66.25% of its industry peers.
  • A Debt/Equity ratio of 0.82 indicates that MAIN is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.82, MAIN perfoms like the industry average, outperforming 59.17% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.82
Debt/FCF N/A
Altman-Z 1.58
ROIC/WACCN/A
WACCN/A
MAIN Yearly LT Debt VS Equity VS FCFMAIN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B

2.3 Liquidity

  • A Current Ratio of 1.24 indicates that MAIN should not have too much problems paying its short term obligations.
  • The Current ratio of MAIN (1.24) is comparable to the rest of the industry.
  • A Quick Ratio of 1.24 indicates that MAIN should not have too much problems paying its short term obligations.
  • With a Quick ratio value of 1.24, MAIN perfoms like the industry average, outperforming 56.67% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.24
Quick Ratio 1.24
MAIN Yearly Current Assets VS Current LiabilitesMAIN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. MAIN Growth Analysis

3.1 Past

  • MAIN shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.47%.
  • Measured over the past years, MAIN shows a quite strong growth in Earnings Per Share. The EPS has been growing by 13.87% on average per year.
  • The Revenue has been growing slightly by 4.69% in the past year.
  • Measured over the past years, MAIN shows a very strong growth in Revenue. The Revenue has been growing by 20.54% on average per year.
EPS 1Y (TTM)-1.47%
EPS 3Y6.91%
EPS 5Y13.87%
EPS Q2Q%2.94%
Revenue 1Y (TTM)4.69%
Revenue growth 3Y14.54%
Revenue growth 5Y20.54%
Sales Q2Q%3.63%

3.2 Future

  • Based on estimates for the next years, MAIN will show a small growth in Earnings Per Share. The EPS will grow by 1.79% on average per year.
  • MAIN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.94% yearly.
EPS Next Y3.27%
EPS Next 2Y1.79%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.75%
Revenue Next 2Y4.94%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
MAIN Yearly Revenue VS EstimatesMAIN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M
MAIN Yearly EPS VS EstimatesMAIN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3 4

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3

4. MAIN Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 14.39, the valuation of MAIN can be described as correct.
  • Compared to the rest of the industry, the Price/Earnings ratio of MAIN is on the same level as its industry peers.
  • MAIN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.38.
  • A Price/Forward Earnings ratio of 13.93 indicates a correct valuation of MAIN.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of MAIN is on the same level as its industry peers.
  • When comparing the Price/Forward Earnings ratio of MAIN to the average of the S&P500 Index (38.20), we can say MAIN is valued rather cheaply.
Industry RankSector Rank
PE 14.39
Fwd PE 13.93
MAIN Price Earnings VS Forward Price EarningsMAIN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
MAIN Per share dataMAIN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • MAIN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)4.4
PEG (5Y)1.04
EPS Next 2Y1.79%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. MAIN Dividend Analysis

5.1 Amount

  • MAIN has a Yearly Dividend Yield of 5.84%, which is a nice return.
  • MAIN's Dividend Yield is comparable with the industry average which is at 6.64.
  • Compared to an average S&P500 Dividend Yield of 1.82, MAIN pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.84%

5.2 History

  • On average, the dividend of MAIN grows each year by 11.69%, which is quite nice.
  • MAIN has paid a dividend for at least 10 years, which is a reliable track record.
  • MAIN has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)11.69%
Div Incr Years5
Div Non Decr Years5
MAIN Yearly Dividends per shareMAIN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

5.3 Sustainability

  • 68.76% of the earnings are spent on dividend by MAIN. This is not a sustainable payout ratio.
  • MAIN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP68.76%
EPS Next 2Y1.79%
EPS Next 3YN/A
MAIN Yearly Income VS Free CF VS DividendMAIN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M -400M
MAIN Dividend Payout.MAIN Dividend Payout, showing the Payout Ratio.MAIN Dividend Payout.PayoutRetained Earnings

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MAIN Fundamentals: All Metrics, Ratios and Statistics

MAIN STREET CAPITAL CORP

NYSE:MAIN (4/15/2026, 5:05:00 PM)

After market: 58.5171 +0.69 (+1.19%)

57.83

+1.44 (+2.55%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-26
Earnings (Next)04-30
Inst Owners23.95%
Inst Owner Change1.15%
Ins Owners1.75%
Ins Owner Change3.85%
Market Cap5.21B
Revenue(TTM)566.39M
Net Income(TTM)493.40M
Analysts72.86
Price Target64.84 (12.12%)
Short Float %9.55%
Short Ratio10.25
Dividend
Industry RankSector Rank
Dividend Yield 5.84%
Yearly Dividend3.81
Dividend Growth(5Y)11.69%
DP68.76%
Div Incr Years5
Div Non Decr Years5
Ex-Date06-08
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.71%
Min EPS beat(2)-2.92%
Max EPS beat(2)4.33%
EPS beat(4)1
Avg EPS beat(4)-0.43%
Min EPS beat(4)-2.92%
Max EPS beat(4)4.33%
EPS beat(8)1
Avg EPS beat(8)-1.44%
EPS beat(12)4
Avg EPS beat(12)-0.48%
EPS beat(16)8
Avg EPS beat(16)0.96%
Revenue beat(2)1
Avg Revenue beat(2)-0.54%
Min Revenue beat(2)-1.99%
Max Revenue beat(2)0.9%
Revenue beat(4)2
Avg Revenue beat(4)-0.1%
Min Revenue beat(4)-2.19%
Max Revenue beat(4)2.86%
Revenue beat(8)3
Avg Revenue beat(8)-0.86%
Revenue beat(12)6
Avg Revenue beat(12)-0.2%
Revenue beat(16)9
Avg Revenue beat(16)0.62%
PT rev (1m)0.23%
PT rev (3m)2.77%
EPS NQ rev (1m)-8.68%
EPS NQ rev (3m)3.57%
EPS NY rev (1m)2.67%
EPS NY rev (3m)4.4%
Revenue NQ rev (1m)1.07%
Revenue NQ rev (3m)2.66%
Revenue NY rev (1m)1.91%
Revenue NY rev (3m)3.12%
Valuation
Industry RankSector Rank
PE 14.39
Fwd PE 13.93
P/S 9.2
P/FCF N/A
P/OCF N/A
P/B 1.74
P/tB 1.74
EV/EBITDA N/A
EPS(TTM)4.02
EY6.95%
EPS(NY)4.15
Fwd EY7.18%
FCF(TTM)-0.51
FCFYN/A
OCF(TTM)-0.51
OCFYN/A
SpS6.29
BVpS33.23
TBVpS33.23
PEG (NY)4.4
PEG (5Y)1.04
Graham Number54.8227 (-5.2%)
Profitability
Industry RankSector Rank
ROA 8.68%
ROE 16.48%
ROCE 6.6%
ROIC 5.21%
ROICexc 5.25%
ROICexgc 5.25%
OM 64.75%
PM (TTM) 87.11%
GM 77.4%
FCFM N/A
ROA(3y)9.42%
ROA(5y)8.58%
ROE(3y)17.31%
ROE(5y)16.38%
ROIC(3y)5.66%
ROIC(5y)5.13%
ROICexc(3y)5.73%
ROICexc(5y)5.19%
ROICexgc(3y)5.73%
ROICexgc(5y)5.19%
ROCE(3y)7.16%
ROCE(5y)6.49%
ROICexgc growth 3Y3.62%
ROICexgc growth 5Y5.36%
ROICexc growth 3Y3.62%
ROICexc growth 5Y5.36%
OM growth 3Y-0.17%
OM growth 5Y0.89%
PM growth 3Y10.77%
PM growth 5Y45.83%
GM growth 3Y-0.77%
GM growth 5Y-0.08%
F-Score2
Asset Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 0.82
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 3.2
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.24
Quick Ratio 1.24
Altman-Z 1.58
F-Score2
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)-1.47%
EPS 3Y6.91%
EPS 5Y13.87%
EPS Q2Q%2.94%
EPS Next Y3.27%
EPS Next 2Y1.79%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)4.69%
Revenue growth 3Y14.54%
Revenue growth 5Y20.54%
Sales Q2Q%3.63%
Revenue Next Year4.75%
Revenue Next 2Y4.94%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y3.26%
EBIT growth 3Y14.35%
EBIT growth 5Y21.61%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y47.54%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y47.54%
OCF growth 3YN/A
OCF growth 5YN/A

MAIN STREET CAPITAL CORP / MAIN Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for MAIN STREET CAPITAL CORP?

ChartMill assigns a fundamental rating of 4 / 10 to MAIN.


What is the valuation status of MAIN STREET CAPITAL CORP (MAIN) stock?

ChartMill assigns a valuation rating of 3 / 10 to MAIN STREET CAPITAL CORP (MAIN). This can be considered as Overvalued.


How profitable is MAIN STREET CAPITAL CORP (MAIN) stock?

MAIN STREET CAPITAL CORP (MAIN) has a profitability rating of 7 / 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 14.39 and the Price/Book (PB) ratio is 1.74.


What is the financial health of MAIN STREET CAPITAL CORP (MAIN) stock?

The financial health rating of MAIN STREET CAPITAL CORP (MAIN) is 2 / 10.