MAIN STREET CAPITAL CORP (MAIN) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MAIN - US56035L1044 - Common Stock
58.06 USD
+0.14 (+0.24%)
58.37 USD
+0.31 (+0.53%)
Taking everything into account, MAIN scores 5 out of 10 in our fundamental rating. MAIN was compared to 238 industry peers in the Capital Markets industry. While MAIN has a great profitability rating, there are quite some concerns on its financial health. MAIN is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
MAIN had positive earnings in the past year.
MAIN had a positive operating cash flow in the past year.
MAIN had positive earnings in each of the past 5 years.
In the past 5 years MAIN reported 4 times negative operating cash flow.
1.2 Ratios
MAIN has a Return On Assets of 10.16%. This is amongst the best in the industry. MAIN outperforms 88.66% of its industry peers.
Looking at the Return On Equity, with a value of 18.28%, MAIN belongs to the top of the industry, outperforming 84.87% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 5.54%, MAIN is in the better half of the industry, outperforming 72.27% 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 6.95%.
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
MAIN's Profit Margin of 95.59% is amongst the best of the industry. MAIN outperforms 96.64% of its industry peers.
In the last couple of years the Profit Margin of MAIN has grown nicely.
The Operating Margin of MAIN (64.67%) is better than 97.48% of its industry peers.
MAIN's Operating Margin has been stable in the last couple of years.
With an excellent Gross Margin value of 76.81%, MAIN belongs to the best of the industry, outperforming 83.19% of the companies in the same industry.
MAIN's Gross Margin has been stable in the last couple of years.
| 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
Compared to 1 year ago, MAIN has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.79, we must say that MAIN is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.79, MAIN is in the better half of the industry, outperforming 67.65% of the companies in the same industry.
MAIN has a debt to FCF ratio of 6.77. This is a slightly negative value and a sign of low solvency as MAIN would need 6.77 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 6.77, MAIN is in the better half of the industry, outperforming 66.39% of the companies in the same industry.
A Debt/Equity ratio of 0.73 indicates that MAIN is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.73, MAIN perfoms like the industry average, outperforming 56.30% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 6.77 | ||
| Altman-Z | 1.79 |
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.
MAIN has a Current ratio of 1.17. This is comparable to the rest of the industry: MAIN outperforms 56.72% of its industry peers.
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 57.56% 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.
Measured over the past years, MAIN shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.20% on average per year.
The Revenue has been growing slightly by 5.92% in the past year.
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
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
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
With a Price/Earnings ratio of 14.55, MAIN is valued correctly.
MAIN's Price/Earnings is on the same level as the industry average.
MAIN is valuated rather cheaply when we compare the Price/Earnings ratio to 26.15, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 14.52 indicates a correct valuation of MAIN.
MAIN's Price/Forward Earnings ratio is in line with the industry average.
MAIN is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.22, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.55 | ||
| Fwd PE | 14.52 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, MAIN is valued a bit cheaper than the industry average as 61.34% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.38 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The excellent profitability rating of MAIN may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.43
EPS Next 2Y-1.01%
EPS Next 3Y-0.76%
5. Dividend
5.1 Amount
MAIN has a Yearly Dividend Yield of 5.41%, which is a nice return.
MAIN's Dividend Yield is comparable with the industry average which is at 8.39.
Compared to an average S&P500 Dividend Yield of 2.32, MAIN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.41% |
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
MAIN pays out 62.65% of its income as dividend. 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-1.01%
EPS Next 3Y-0.76%
58.06
+0.14 (+0.24%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners23.95%
Inst Owner Change16.52%
Ins Owners1.59%
Ins Owner Change-1.59%
Market Cap5.20B
Revenue(TTM)561.29M
Net Income(TTM)536.52M
Analysts72.31
Price Target61.88 (6.58%)
Short Float %6.89%
Short Ratio10.61
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.41% |
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)-2.15%
PT rev (3m)-0.14%
EPS NQ rev (1m)-0.03%
EPS NQ rev (3m)-0.76%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.56%
Revenue NQ rev (1m)-0.47%
Revenue NQ rev (3m)-1%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.55 | ||
| Fwd PE | 14.52 | ||
| P/S | 9.27 | ||
| P/FCF | 16.38 | ||
| P/OCF | 16.38 | ||
| P/B | 1.77 | ||
| P/tB | 1.77 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.99
EY6.87%
EPS(NY)4
Fwd EY6.89%
FCF(TTM)3.55
FCFY6.11%
OCF(TTM)3.55
OCFY6.11%
SpS6.27
BVpS32.76
TBVpS32.76
PEG (NY)N/A
PEG (5Y)1.43
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 | 1.79 |
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-0.52%
EPS Next 2Y-1.01%
EPS Next 3Y-0.76%
EPS Next 5YN/A
Revenue 1Y (TTM)5.92%
Revenue growth 3Y23.25%
Revenue growth 5Y17.32%
Sales Q2Q%34.26%
Revenue Next Year3.74%
Revenue Next 2Y3.58%
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 14.55 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 62.65%.