35.18 USD
-0.28 (-0.79%)
35.18 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to MBCN. MBCN was compared to 388 industry peers in the Banks industry. MBCN may be in some trouble as it scores bad on both profitability and health. MBCN is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year MBCN was profitable.
MBCN had a positive operating cash flow in the past year.
In the past 5 years MBCN has always been profitable.
MBCN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of MBCN (1.07%) is better than 68.04% of its industry peers.
MBCN has a Return On Equity of 9.44%. This is comparable to the rest of the industry: MBCN outperforms 57.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.07% | ||
| ROE | 9.44% | ||
| ROIC | N/A |
ROA(3y)0.91%
ROA(5y)0.94%
ROE(3y)7.91%
ROE(5y)8.47%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
MBCN has a Profit Margin of 27.87%. This is in the better half of the industry: MBCN outperforms 70.62% of its industry peers.
In the last couple of years the Profit Margin of MBCN has declined.
MBCN does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 27.87% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-12.08%
PM growth 5Y-3.63%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
MBCN does not have a ROIC to compare to the WACC, probably because it is not profitable.
MBCN has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, MBCN has more shares outstanding
The debt/assets ratio for MBCN has been reduced compared to a year ago.
2.2 Solvency
MBCN has a debt to FCF ratio of 0.65. This is a very positive value and a sign of high solvency as it would only need 0.65 years to pay back of all of its debts.
MBCN's Debt to FCF ratio of 0.65 is fine compared to the rest of the industry. MBCN outperforms 77.32% of its industry peers.
A Debt/Equity ratio of 0.05 indicates that MBCN is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.05, MBCN is in the better half of the industry, outperforming 79.90% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.05 | ||
| Debt/FCF | 0.65 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC13.27%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
MBCN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 35.11%, which is quite impressive.
MBCN shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.06% yearly.
The Revenue has grown by 12.63% in the past year. This is quite good.
The Revenue has been growing slightly by 7.99% on average over the past years.
EPS 1Y (TTM)35.11%
EPS 3Y-12.16%
EPS 5Y1.06%
EPS Q2Q%58.54%
Revenue 1Y (TTM)12.63%
Revenue growth 3Y7.02%
Revenue growth 5Y7.99%
Sales Q2Q%18.27%
3.2 Future
MBCN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.05% yearly.
MBCN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.09% yearly.
EPS Next Y33%
EPS Next 2Y14.02%
EPS Next 3Y13.05%
EPS Next 5YN/A
Revenue Next Year13.3%
Revenue Next 2Y10.32%
Revenue Next 3Y9.09%
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 accelerating.
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
The Price/Earnings ratio is 13.85, which indicates a correct valuation of MBCN.
Compared to the rest of the industry, the Price/Earnings ratio of MBCN is on the same level as its industry peers.
MBCN is valuated rather cheaply when we compare the Price/Earnings ratio to 26.57, which is the current average of the S&P500 Index.
MBCN is valuated correctly with a Price/Forward Earnings ratio of 13.27.
Based on the Price/Forward Earnings ratio, MBCN is valued a bit more expensive than 70.36% of the companies in the same industry.
MBCN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.04, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.85 | ||
| Fwd PE | 13.27 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, MBCN is valued a bit more expensive than 65.98% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.18 | ||
| 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.
A more expensive valuation may be justified as MBCN's earnings are expected to grow with 13.05% in the coming years.
PEG (NY)0.42
PEG (5Y)13.04
EPS Next 2Y14.02%
EPS Next 3Y13.05%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.27%, MBCN has a reasonable but not impressive dividend return.
MBCN's Dividend Yield is comparable with the industry average which is at 2.74.
Compared to an average S&P500 Dividend Yield of 1.88, MBCN pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.27% |
5.2 History
On average, the dividend of MBCN grows each year by 6.90%, which is quite nice.
MBCN has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)6.9%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
MBCN pays out 31.71% of its income as dividend. This is a sustainable payout ratio.
The dividend of MBCN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP31.71%
EPS Next 2Y14.02%
EPS Next 3Y13.05%
35.18
-0.28 (-0.79%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners27.78%
Inst Owner Change0.19%
Ins Owners3.47%
Ins Owner Change10.95%
Market Cap284.61M
Revenue(TTM)75.92M
Net Income(TTM)21.16M
Analysts47.5
Price Target34.68 (-1.42%)
Short Float %0.66%
Short Ratio2.18
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.27% |
Yearly Dividend0.8
Dividend Growth(5Y)6.9%
DP31.71%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.8%
Min EPS beat(2)2.04%
Max EPS beat(2)23.56%
EPS beat(4)4
Avg EPS beat(4)20.53%
Min EPS beat(4)2.04%
Max EPS beat(4)28.58%
EPS beat(8)6
Avg EPS beat(8)13.08%
EPS beat(12)8
Avg EPS beat(12)7.33%
EPS beat(16)12
Avg EPS beat(16)8.34%
Revenue beat(2)1
Avg Revenue beat(2)4.78%
Min Revenue beat(2)-0.35%
Max Revenue beat(2)9.91%
Revenue beat(4)2
Avg Revenue beat(4)3.04%
Min Revenue beat(4)-0.35%
Max Revenue beat(4)9.91%
Revenue beat(8)2
Avg Revenue beat(8)-0.27%
Revenue beat(12)3
Avg Revenue beat(12)-0.84%
Revenue beat(16)4
Avg Revenue beat(16)-1.04%
PT rev (1m)0%
PT rev (3m)3.03%
EPS NQ rev (1m)0.78%
EPS NQ rev (3m)3.17%
EPS NY rev (1m)0.19%
EPS NY rev (3m)2.21%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.76%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.96%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.85 | ||
| Fwd PE | 13.27 | ||
| P/S | 3.75 | ||
| P/FCF | 16.18 | ||
| P/OCF | 14 | ||
| P/B | 1.27 | ||
| P/tB | 1.56 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.54
EY7.22%
EPS(NY)2.65
Fwd EY7.54%
FCF(TTM)2.17
FCFY6.18%
OCF(TTM)2.51
OCFY7.14%
SpS9.38
BVpS27.7
TBVpS22.61
PEG (NY)0.42
PEG (5Y)13.04
Graham Number39.79
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.07% | ||
| ROE | 9.44% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 27.87% | ||
| GM | N/A | ||
| FCFM | 23.17% |
ROA(3y)0.91%
ROA(5y)0.94%
ROE(3y)7.91%
ROE(5y)8.47%
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-12.08%
PM growth 5Y-3.63%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.05 | ||
| Debt/FCF | 0.65 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 200.44% | ||
| Cap/Sales | 3.61% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 83.14% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score6
WACC13.27%
ROIC/WACCN/A
Cap/Depr(3y)67.12%
Cap/Depr(5y)54.69%
Cap/Sales(3y)1.4%
Cap/Sales(5y)1.5%
Profit Quality(3y)113.84%
Profit Quality(5y)117.74%
High Growth Momentum
Growth
EPS 1Y (TTM)35.11%
EPS 3Y-12.16%
EPS 5Y1.06%
EPS Q2Q%58.54%
EPS Next Y33%
EPS Next 2Y14.02%
EPS Next 3Y13.05%
EPS Next 5YN/A
Revenue 1Y (TTM)12.63%
Revenue growth 3Y7.02%
Revenue growth 5Y7.99%
Sales Q2Q%18.27%
Revenue Next Year13.3%
Revenue Next 2Y10.32%
Revenue Next 3Y9.09%
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-8.63%
FCF growth 3Y4.07%
FCF growth 5Y7.62%
OCF growth 1Y-1.06%
OCF growth 3Y4.24%
OCF growth 5Y5.35%
MIDDLEFIELD BANC CORP / MBCN FAQ
What is the fundamental rating for MBCN stock?
ChartMill assigns a fundamental rating of 4 / 10 to MBCN.
Can you provide the valuation status for MIDDLEFIELD BANC CORP?
ChartMill assigns a valuation rating of 3 / 10 to MIDDLEFIELD BANC CORP (MBCN). This can be considered as Overvalued.
Can you provide the profitability details for MIDDLEFIELD BANC CORP?
MIDDLEFIELD BANC CORP (MBCN) has a profitability rating of 3 / 10.
What is the valuation of MIDDLEFIELD BANC CORP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for MIDDLEFIELD BANC CORP (MBCN) is 13.85 and the Price/Book (PB) ratio is 1.27.
What is the earnings growth outlook for MIDDLEFIELD BANC CORP?
The Earnings per Share (EPS) of MIDDLEFIELD BANC CORP (MBCN) is expected to grow by 33% in the next year.