MIDDLEFIELD BANC CORP (MBCN) Fundamental Analysis & Valuation

NASDAQ:MBCN • US5963042040

Current stock price

33.67 USD
-1.25 (-3.58%)
At close:
33.67 USD
0 (0%)
After Hours:

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

4

1. MBCN Profitability Analysis

1.1 Basic Checks

  • MBCN had positive earnings in the past year.
  • MBCN had a positive operating cash flow in the past year.
  • MBCN had positive earnings in each of the past 5 years.
  • Of the past 5 years MBCN 4 years had a positive operating cash flow.
MBCN Yearly Net Income VS EBIT VS OCF VS FCFMBCN 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 5M 10M 15M 20M

1.2 Ratios

  • With a decent Return On Assets value of 1.07%, MBCN is doing good in the industry, outperforming 65.96% of the companies in the same industry.
  • With a Return On Equity value of 9.44%, MBCN perfoms like the industry average, outperforming 55.94% of the companies in the same industry.
Industry RankSector Rank
ROA 1.07%
ROE 9.44%
ROIC N/A
ROA(3y)0.94%
ROA(5y)1.03%
ROE(3y)8.09%
ROE(5y)9%
ROIC(3y)N/A
ROIC(5y)N/A
MBCN Yearly ROA, ROE, ROICMBCN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • The Profit Margin of MBCN (27.87%) is better than 68.34% of its industry peers.
  • In the last couple of years the Profit Margin of MBCN has grown nicely.
  • MBCN does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 27.87%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-3.2%
PM growth 5Y8.11%
GM growth 3YN/A
GM growth 5YN/A
MBCN Yearly Profit, Operating, Gross MarginsMBCN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. MBCN Health Analysis

2.1 Basic Checks

  • MBCN does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for MBCN has been increased compared to 1 year ago.
  • Compared to 5 years ago, MBCN has more shares outstanding
  • Compared to 1 year ago, MBCN has an improved debt to assets ratio.
MBCN Yearly Shares OutstandingMBCN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2M 4M 6M 8M
MBCN Yearly Total Debt VS Total AssetsMBCN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

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 77.31% of its industry peers.
  • MBCN has a Debt/Equity ratio of 0.05. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.05, MBCN is in the better half of the industry, outperforming 79.95% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF 0.65
Altman-Z N/A
ROIC/WACCN/A
WACC13.33%
MBCN Yearly LT Debt VS Equity VS FCFMBCN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
MBCN Yearly Current Assets VS Current LiabilitesMBCN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M

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

5

3. MBCN Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 13.73% over the past year.
  • MBCN shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.28% yearly.
  • MBCN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.58%.
  • The Revenue has been growing by 9.51% on average over the past years. This is quite good.
EPS 1Y (TTM)13.73%
EPS 3Y-8.41%
EPS 5Y12.28%
EPS Q2Q%-36.67%
Revenue 1Y (TTM)14.58%
Revenue growth 3Y10.97%
Revenue growth 5Y9.51%
Sales Q2Q%10.73%

3.2 Future

  • The Earnings Per Share is expected to grow by 12.72% on average over the next years. This is quite good.
  • Based on estimates for the next years, MBCN will show a small growth in Revenue. The Revenue will grow by 6.50% on average per year.
EPS Next Y15.19%
EPS Next 2Y12.72%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.32%
Revenue Next 2Y6.5%
Revenue Next 3YN/A
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 stable.
  • 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.
MBCN Yearly Revenue VS EstimatesMBCN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M 80M
MBCN Yearly EPS VS EstimatesMBCN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3

More info and screens

Find the best growth stocksShow best growing peers

3

4. MBCN Valuation Analysis

4.1 Price/Earnings Ratio

  • MBCN is valuated correctly with a Price/Earnings ratio of 14.51.
  • 70.18% of the companies in the same industry are cheaper than MBCN, based on the Price/Earnings ratio.
  • MBCN is valuated rather cheaply when we compare the Price/Earnings ratio to 25.23, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 12.60, the valuation of MBCN can be described as correct.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of MBCN indicates a slightly more expensive valuation: MBCN is more expensive than 68.34% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.28, MBCN is valued a bit cheaper.
Industry RankSector Rank
PE 14.51
Fwd PE 12.6
MBCN Price Earnings VS Forward Price EarningsMBCN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, MBCN is valued a bit more expensive than 65.96% of the companies in the same industry.
Industry RankSector Rank
P/FCF 15.49
EV/EBITDA N/A
MBCN Per share dataMBCN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • MBCN's 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 12.72% in the coming years.
PEG (NY)0.96
PEG (5Y)1.18
EPS Next 2Y12.72%
EPS Next 3YN/A

More info and screens

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

6

5. MBCN Dividend Analysis

5.1 Amount

  • MBCN has a Yearly Dividend Yield of 2.41%. Purely for dividend investing, there may be better candidates out there.
  • MBCN's Dividend Yield is comparable with the industry average which is at 2.90.
  • Compared to an average S&P500 Dividend Yield of 1.91, MBCN pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.41%

5.2 History

  • The dividend of MBCN is nicely growing with an annual growth rate of 6.90%!
  • MBCN has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)6.9%
Div Incr Years0
Div Non Decr Years0
MBCN Yearly Dividends per shareMBCN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8

5.3 Sustainability

  • 31.71% of the earnings are spent on dividend by MBCN. This is a low number and sustainable payout ratio.
  • The dividend of MBCN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP31.71%
EPS Next 2Y12.72%
EPS Next 3YN/A
MBCN Yearly Income VS Free CF VS DividendMBCN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M
MBCN Dividend Payout.MBCN Dividend Payout, showing the Payout Ratio.MBCN Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

MBCN Fundamentals: All Metrics, Ratios and Statistics

MIDDLEFIELD BANC CORP

NASDAQ:MBCN (2/27/2026, 8:16:46 PM)

After market: 33.67 0 (0%)

33.67

-1.25 (-3.58%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)02-10
Earnings (Next)04-22
Inst Owners27.78%
Inst Owner Change4.86%
Ins Owners3.94%
Ins Owner Change-109.5%
Market Cap272.39M
Revenue(TTM)77.79M
Net Income(TTM)21.16M
Analysts47.5
Price Target34.68 (3%)
Short Float %0.54%
Short Ratio1.09
Dividend
Industry RankSector Rank
Dividend Yield 2.41%
Yearly Dividend0.8
Dividend Growth(5Y)6.9%
DP31.71%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-17
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)0%
EPS NQ rev (1m)-0.77%
EPS NQ rev (3m)0%
EPS NY rev (1m)0.77%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-1.02%
Revenue NY rev (3m)-1.02%
Valuation
Industry RankSector Rank
PE 14.51
Fwd PE 12.6
P/S 3.59
P/FCF 15.49
P/OCF 13.4
P/B 1.22
P/tB 1.49
EV/EBITDA N/A
EPS(TTM)2.32
EY6.89%
EPS(NY)2.67
Fwd EY7.94%
FCF(TTM)2.17
FCFY6.46%
OCF(TTM)2.51
OCFY7.46%
SpS9.38
BVpS27.7
TBVpS22.61
PEG (NY)0.96
PEG (5Y)1.18
Graham Number38.03
Profitability
Industry RankSector 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)0.94%
ROA(5y)1.03%
ROE(3y)8.09%
ROE(5y)9%
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-3.2%
PM growth 5Y8.11%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.04
Health
Industry RankSector 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
WACC13.33%
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)13.73%
EPS 3Y-8.41%
EPS 5Y12.28%
EPS Q2Q%-36.67%
EPS Next Y15.19%
EPS Next 2Y12.72%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)14.58%
Revenue growth 3Y10.97%
Revenue growth 5Y9.51%
Sales Q2Q%10.73%
Revenue Next Year6.32%
Revenue Next 2Y6.5%
Revenue Next 3YN/A
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-20.56%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-9.81%
OCF growth 3YN/A
OCF growth 5YN/A

MIDDLEFIELD BANC CORP / MBCN Fundamental Analysis FAQ

What is the fundamental rating for MBCN stock?

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


What is the valuation status for MBCN stock?

ChartMill assigns a valuation rating of 3 / 10 to MIDDLEFIELD BANC CORP (MBCN). This can be considered as Overvalued.


How profitable is MIDDLEFIELD BANC CORP (MBCN) stock?

MIDDLEFIELD BANC CORP (MBCN) has a profitability rating of 4 / 10.


What is the financial health of MIDDLEFIELD BANC CORP (MBCN) stock?

The financial health rating of MIDDLEFIELD BANC CORP (MBCN) is 3 / 10.


Can you provide the dividend sustainability for MBCN stock?

The dividend rating of MIDDLEFIELD BANC CORP (MBCN) is 6 / 10 and the dividend payout ratio is 31.71%.