34.73 USD
+0.07 (+0.2%)
34.73 USD
0 (0%)
MBCN gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 387 industry peers in the Banks industry. MBCN may be in some trouble as it scores bad on both profitability and health. MBCN has a decent growth rate and is not valued too expensively.
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 (0.94%) is comparable to the rest of the industry.
MBCN has a Return On Equity (8.41%) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.94% | ||
| ROE | 8.41% | ||
| 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
With a Profit Margin value of 24.95%, MBCN perfoms like the industry average, outperforming 54.26% of the companies in the same industry.
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) | 24.95% | ||
| 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.
MBCN has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, MBCN has an improved debt to assets ratio.
2.2 Solvency
MBCN has a debt to FCF ratio of 0.58. This is a very positive value and a sign of high solvency as it would only need 0.58 years to pay back of all of its debts.
MBCN has a Debt to FCF ratio of 0.58. This is in the better half of the industry: MBCN outperforms 79.33% 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.
MBCN has a Debt to Equity ratio of 0.05. This is in the better half of the industry: MBCN outperforms 79.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.05 | ||
| Debt/FCF | 0.58 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC13.19%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 35.11% over the past year.
Measured over the past 5 years, MBCN shows a small growth in Earnings Per Share. The EPS has been growing by 1.06% on average per year.
The Revenue has grown by 12.63% in the past year. This is quite good.
Measured over the past years, MBCN shows a small growth in Revenue. The Revenue has been growing by 7.99% on average per year.
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
Based on estimates for the next years, MBCN will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.05% on average per year.
The Revenue is expected to grow by 9.09% on average over the next years. This is quite good.
EPS Next Y32.75%
EPS Next 2Y14.46%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 13.67, the valuation of MBCN can be described as correct.
Based on the Price/Earnings ratio, MBCN is valued a bit more expensive than the industry average as 62.53% of the companies are valued more cheaply.
When comparing the Price/Earnings ratio of MBCN to the average of the S&P500 Index (26.15), we can say MBCN is valued slightly cheaper.
The Price/Forward Earnings ratio is 13.00, which indicates a correct valuation of MBCN.
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 69.51% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of MBCN to the average of the S&P500 Index (36.12), we can say MBCN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.67 | ||
| Fwd PE | 13 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MBCN is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.02 | ||
| EV/EBITDA | N/A |
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 13.05% in the coming years.
PEG (NY)0.42
PEG (5Y)12.87
EPS Next 2Y14.46%
EPS Next 3Y13.05%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.57%, MBCN has a reasonable but not impressive dividend return.
MBCN's Dividend Yield is comparable with the industry average which is at 3.33.
MBCN's Dividend Yield is comparable with the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.57% |
5.2 History
The dividend of MBCN is nicely growing with an annual growth rate of 6.90%!
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
36.45% 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.
DP36.45%
EPS Next 2Y14.46%
EPS Next 3Y13.05%
34.73
+0.07 (+0.2%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners27.79%
Inst Owner Change0.19%
Ins Owners3.47%
Ins Owner Change1.29%
Market Cap280.97M
Revenue(TTM)75.92M
Net Income(TTM)18.18M
Analysts48.89
Price Target34.68 (-0.14%)
Short Float %0.55%
Short Ratio2.23
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.57% |
Yearly Dividend0.8
Dividend Growth(5Y)6.9%
DP36.45%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)26.07%
Min EPS beat(2)23.56%
Max EPS beat(2)28.58%
EPS beat(4)3
Avg EPS beat(4)17.23%
Min EPS beat(4)-11.17%
Max EPS beat(4)28.58%
EPS beat(8)5
Avg EPS beat(8)10.2%
EPS beat(12)8
Avg EPS beat(12)8.57%
EPS beat(16)12
Avg EPS beat(16)10.1%
Revenue beat(2)2
Avg Revenue beat(2)6.27%
Min Revenue beat(2)2.64%
Max Revenue beat(2)9.91%
Revenue beat(4)2
Avg Revenue beat(4)2.18%
Min Revenue beat(4)-3.78%
Max Revenue beat(4)9.91%
Revenue beat(8)2
Avg Revenue beat(8)-0.82%
Revenue beat(12)4
Avg Revenue beat(12)-0.76%
Revenue beat(16)5
Avg Revenue beat(16)-0.69%
PT rev (1m)3.03%
PT rev (3m)4.08%
EPS NQ rev (1m)0%
EPS NQ rev (3m)8.61%
EPS NY rev (1m)2.53%
EPS NY rev (3m)19.46%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.38%
Revenue NY rev (1m)0.96%
Revenue NY rev (3m)2.02%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.67 | ||
| Fwd PE | 13 | ||
| P/S | 3.86 | ||
| P/FCF | 14.02 | ||
| P/OCF | 13.06 | ||
| P/B | 1.3 | ||
| P/tB | 1.61 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.54
EY7.31%
EPS(NY)2.67
Fwd EY7.69%
FCF(TTM)2.48
FCFY7.13%
OCF(TTM)2.66
OCFY7.66%
SpS9
BVpS26.71
TBVpS21.58
PEG (NY)0.42
PEG (5Y)12.87
Graham Number39.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.94% | ||
| ROE | 8.41% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 24.95% | ||
| GM | N/A | ||
| FCFM | 27.5% |
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-Score7
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.05 | ||
| Debt/FCF | 0.58 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 108.92% | ||
| Cap/Sales | 2.03% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 110.23% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score7
WACC13.19%
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 Y32.75%
EPS Next 2Y14.46%
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-11.43%
FCF growth 3Y4.07%
FCF growth 5Y7.62%
OCF growth 1Y-9.27%
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 4 / 10 to MIDDLEFIELD BANC CORP (MBCN). This can be considered as Fairly Valued.
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 13.67 and the Price/Book (PB) ratio is 1.3.
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 32.75% in the next year.