MAIN STREET CAPITAL CORP (MAIN) Stock Fundamental Analysis
USA - NYSE:MAIN - US56035L1044 - Common Stock
57.16 USD
+0.24 (+0.42%)
57.17 USD
+0.01 (+0.02%)
MAIN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 237 industry peers in the Capital Markets industry. While MAIN belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. MAIN does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year MAIN was profitable.
MAIN had a positive operating cash flow in the past year.
Each year in the past 5 years MAIN has been profitable.
In the past 5 years MAIN reported 4 times negative operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 10.15%, MAIN belongs to the top of the industry, outperforming 88.19% of the companies in the same industry.
The Return On Equity of MAIN (18.61%) is better than 85.23% of its industry peers.
MAIN's Return On Invested Capital of 5.50% is fine compared to the rest of the industry. MAIN outperforms 69.20% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MAIN is below the industry average of 7.59%.
The last Return On Invested Capital (5.50%) for MAIN is above the 3 year average (5.48%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.15% | ||
| ROE | 18.61% | ||
| ROIC | 5.5% |
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
With an excellent Profit Margin value of 96.16%, MAIN belongs to the best of the industry, outperforming 99.16% of the companies in the same industry.
MAIN's Profit Margin has improved in the last couple of years.
MAIN has a better Operating Margin (64.75%) than 97.47% of its industry peers.
In the last couple of years the Operating Margin of MAIN has remained more or less at the same level.
MAIN has a Gross Margin of 76.50%. This is amongst the best in the industry. MAIN outperforms 83.12% 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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | 64.75% | ||
| PM (TTM) | 96.16% | ||
| GM | 76.5% |
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
The number of shares outstanding for MAIN has been increased compared to 1 year ago.
MAIN has more shares outstanding than it did 5 years ago.
MAIN has a worse debt/assets ratio than last year.
2.2 Solvency
MAIN has an Altman-Z score of 1.75. This is a bad value and indicates that MAIN is not financially healthy and even has some risk of bankruptcy.
MAIN has a Altman-Z score of 1.75. This is in the better half of the industry: MAIN outperforms 67.93% of its industry peers.
MAIN has a debt to FCF ratio of 7.39. This is a slightly negative value and a sign of low solvency as MAIN would need 7.39 years to pay back of all of its debts.
MAIN has a Debt to FCF ratio of 7.39. This is in the better half of the industry: MAIN outperforms 60.34% of its industry peers.
MAIN has a Debt/Equity ratio of 0.77. This is a neutral value indicating MAIN is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.77, MAIN perfoms like the industry average, outperforming 57.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | 7.39 | ||
| Altman-Z | 1.75 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.86 indicates that MAIN should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.86, MAIN is doing good in the industry, outperforming 69.62% of the companies in the same industry.
MAIN has a Quick Ratio of 1.86. This is a normal value and indicates that MAIN is financially healthy and should not expect problems in meeting its short term obligations.
MAIN's Quick ratio of 1.86 is fine compared to the rest of the industry. MAIN outperforms 70.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.86 | ||
| Quick Ratio | 1.86 |
3. Growth
3.1 Past
MAIN shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.43%.
The Earnings Per Share has been growing by 10.20% on average over the past years. This is quite good.
The Revenue has grown by 8.14% in the past year. This is quite good.
MAIN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 17.32% yearly.
EPS 1Y (TTM)-2.43%
EPS 3Y15.62%
EPS 5Y10.2%
EPS Q2Q%-1.98%
Revenue 1Y (TTM)8.14%
Revenue growth 3Y23.25%
Revenue growth 5Y17.32%
Sales Q2Q%8.94%
3.2 Future
Based on estimates for the next years, MAIN will show a decrease in Earnings Per Share. The EPS will decrease by -0.76% on average per year.
The Revenue is expected to decrease by -3.72% on average over the next years.
EPS Next Y-0.52%
EPS Next 2Y-1.01%
EPS Next 3Y-0.76%
EPS Next 5YN/A
Revenue Next Year3.74%
Revenue Next 2Y3.58%
Revenue Next 3Y-3.72%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
MAIN is valuated correctly with a Price/Earnings ratio of 14.22.
The rest of the industry has a similar Price/Earnings ratio as MAIN.
Compared to an average S&P500 Price/Earnings ratio of 26.51, MAIN is valued a bit cheaper.
A Price/Forward Earnings ratio of 14.30 indicates a correct valuation of MAIN.
MAIN's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.53. MAIN is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.22 | ||
| Fwd PE | 14.3 |
4.2 Price Multiples
MAIN's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.04 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
MAIN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.39
EPS Next 2Y-1.01%
EPS Next 3Y-0.76%
5. Dividend
5.1 Amount
MAIN has a Yearly Dividend Yield of 5.43%, which is a nice return.
Compared to an average industry Dividend Yield of 8.38, MAIN has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, MAIN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.43% |
5.2 History
The dividend of MAIN is nicely growing with an annual growth rate of 7.16%!
MAIN has paid a dividend for at least 10 years, which is 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
MAIN pays out 61.74% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of MAIN has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP61.74%
EPS Next 2Y-1.01%
EPS Next 3Y-0.76%
57.16
+0.24 (+0.42%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners23.95%
Inst Owner Change-1.83%
Ins Owners1.59%
Ins Owner Change-1.25%
Market Cap5.11B
Revenue(TTM)558.28M
Net Income(TTM)536.85M
Analysts72.31
Price Target62.56 (9.45%)
Short Float %5.99%
Short Ratio8.41
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.43% |
Yearly Dividend3.7
Dividend Growth(5Y)7.16%
DP61.74%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-1.56%
Min EPS beat(2)-1.58%
Max EPS beat(2)-1.55%
EPS beat(4)0
Avg EPS beat(4)-2.58%
Min EPS beat(4)-3.91%
Max EPS beat(4)-1.55%
EPS beat(8)1
Avg EPS beat(8)-1.74%
EPS beat(12)5
Avg EPS beat(12)0.68%
EPS beat(16)9
Avg EPS beat(16)2.3%
Revenue beat(2)1
Avg Revenue beat(2)0.34%
Min Revenue beat(2)-2.19%
Max Revenue beat(2)2.86%
Revenue beat(4)1
Avg Revenue beat(4)-1.36%
Min Revenue beat(4)-3.15%
Max Revenue beat(4)2.86%
Revenue beat(8)3
Avg Revenue beat(8)-0.92%
Revenue beat(12)7
Avg Revenue beat(12)1.06%
Revenue beat(16)10
Avg Revenue beat(16)2.04%
PT rev (1m)-1.08%
PT rev (3m)9.04%
EPS NQ rev (1m)-0.58%
EPS NQ rev (3m)-0.04%
EPS NY rev (1m)-0.92%
EPS NY rev (3m)0.64%
Revenue NQ rev (1m)-0.44%
Revenue NQ rev (3m)1.49%
Revenue NY rev (1m)-0.14%
Revenue NY rev (3m)2.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.22 | ||
| Fwd PE | 14.3 | ||
| P/S | 9.16 | ||
| P/FCF | 17.04 | ||
| P/OCF | 17.04 | ||
| P/B | 1.77 | ||
| P/tB | 1.77 | ||
| EV/EBITDA | N/A |
EPS(TTM)4.02
EY7.03%
EPS(NY)4
Fwd EY7%
FCF(TTM)3.35
FCFY5.87%
OCF(TTM)3.35
OCFY5.87%
SpS6.24
BVpS32.25
TBVpS32.25
PEG (NY)N/A
PEG (5Y)1.39
Graham Number54.01
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.15% | ||
| ROE | 18.61% | ||
| ROCE | 6.96% | ||
| ROIC | 5.5% | ||
| ROICexc | 5.59% | ||
| ROICexgc | 5.59% | ||
| OM | 64.75% | ||
| PM (TTM) | 96.16% | ||
| GM | 76.5% | ||
| FCFM | 53.74% |
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 | 0.77 | ||
| Debt/FCF | 7.39 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.81 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 55.88% | ||
| Current Ratio | 1.86 | ||
| Quick Ratio | 1.86 | ||
| Altman-Z | 1.75 |
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)-2.43%
EPS 3Y15.62%
EPS 5Y10.2%
EPS Q2Q%-1.98%
EPS Next Y-0.52%
EPS Next 2Y-1.01%
EPS Next 3Y-0.76%
EPS Next 5YN/A
Revenue 1Y (TTM)8.14%
Revenue growth 3Y23.25%
Revenue growth 5Y17.32%
Sales Q2Q%8.94%
Revenue Next Year3.74%
Revenue Next 2Y3.58%
Revenue Next 3Y-3.72%
Revenue Next 5YN/A
EBIT growth 1Y3.54%
EBIT growth 3Y24.79%
EBIT growth 5Y17.67%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y287.74%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y287.74%
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 3 / 10 to MAIN STREET CAPITAL CORP (MAIN). This can be considered as Overvalued.
What is the profitability of 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 14.22 and the Price/Book (PB) ratio is 1.77.
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 61.74%.