MERCHANTS BANCORP/IN (MBIN) Stock Fundamental Analysis
USA - NASDAQ:MBIN - US58844R1086 - Common Stock
31.52 USD
+0.07 (+0.22%)
31.52 USD
0 (0%)
Overall MBIN gets a fundamental rating of 3 out of 10. We evaluated MBIN against 97 industry peers in the Financial Services industry. MBIN may be in some trouble as it scores bad on both profitability and health. MBIN is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year MBIN was profitable.
MBIN had a negative operating cash flow in the past year.
MBIN had positive earnings in each of the past 5 years.
MBIN had negative operating cash flow in 4 of the past 5 years.
1.2 Ratios
The Return On Assets of MBIN (1.09%) is comparable to the rest of the industry.
MBIN has a Return On Equity of 9.58%. This is comparable to the rest of the industry: MBIN outperforms 48.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.09% | ||
| ROE | 9.58% | ||
| ROIC | N/A |
ROA(3y)1.5%
ROA(5y)1.61%
ROE(3y)13.43%
ROE(5y)15.73%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
MBIN has a Profit Margin of 31.31%. This is amongst the best in the industry. MBIN outperforms 82.47% of its industry peers.
MBIN's Profit Margin has been stable in the last couple of years.
MBIN 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) | 31.31% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-3.71%
PM growth 5Y1.01%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
MBIN does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for MBIN has been increased compared to 1 year ago.
Compared to 5 years ago, MBIN has more shares outstanding
MBIN has about the same debt/assets ratio as last year.
2.2 Solvency
A Debt/Equity ratio of 0.15 indicates that MBIN is not too dependend on debt financing.
MBIN has a better Debt to Equity ratio (0.15) than 72.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC18.01%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The earnings per share for MBIN have decreased strongly by -26.16% in the last year.
MBIN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 31.91% yearly.
The Revenue has grown by 8.52% in the past year. This is quite good.
MBIN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 31.68% yearly.
EPS 1Y (TTM)-26.16%
EPS 3Y9.85%
EPS 5Y31.91%
EPS Q2Q%-17.09%
Revenue 1Y (TTM)8.52%
Revenue growth 3Y15.5%
Revenue growth 5Y31.68%
Sales Q2Q%19.91%
3.2 Future
The Earnings Per Share is expected to decrease by -4.17% on average over the next years.
The Revenue is expected to grow by 6.41% on average over the next years.
EPS Next Y-44.43%
EPS Next 2Y-10.54%
EPS Next 3Y-4.17%
EPS Next 5YN/A
Revenue Next Year4.27%
Revenue Next 2Y6.09%
Revenue Next 3Y6.41%
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.
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
A Price/Earnings ratio of 7.07 indicates a rather cheap valuation of MBIN.
Based on the Price/Earnings ratio, MBIN is valued cheaper than 85.57% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.06. MBIN is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 6.24 indicates a rather cheap valuation of MBIN.
80.41% of the companies in the same industry are more expensive than MBIN, based on the Price/Forward Earnings ratio.
MBIN is valuated cheaply when we compare the Price/Forward Earnings ratio to 32.73, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.07 | ||
| Fwd PE | 6.24 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
MBIN's earnings are expected to decrease with -4.17% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.22
EPS Next 2Y-10.54%
EPS Next 3Y-4.17%
5. Dividend
5.1 Amount
MBIN has a Yearly Dividend Yield of 1.27%.
MBIN's Dividend Yield is comparable with the industry average which is at 4.50.
Compared to an average S&P500 Dividend Yield of 2.36, MBIN's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.27% |
5.2 History
The dividend of MBIN is nicely growing with an annual growth rate of 13.84%!
MBIN has been paying a dividend for over 5 years, so it has already some track record.
As MBIN did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)13.84%
Div Incr Years7
Div Non Decr Years7
5.3 Sustainability
27.18% of the earnings are spent on dividend by MBIN. This is a low number and sustainable payout ratio.
DP27.18%
EPS Next 2Y-10.54%
EPS Next 3Y-4.17%
31.52
+0.07 (+0.22%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners34.24%
Inst Owner Change-63.75%
Ins Owners40.17%
Ins Owner Change1.16%
Market Cap1.45B
Revenue(TTM)689.93M
Net Income(TTM)209.26M
Analysts80
Price Target40.8 (29.44%)
Short Float %6.48%
Short Ratio9.63
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.27% |
Yearly Dividend1.15
Dividend Growth(5Y)13.84%
DP27.18%
Div Incr Years7
Div Non Decr Years7
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-33.06%
Min EPS beat(2)-47.48%
Max EPS beat(2)-18.65%
EPS beat(4)1
Avg EPS beat(4)-11.33%
Min EPS beat(4)-47.48%
Max EPS beat(4)40.24%
EPS beat(8)4
Avg EPS beat(8)1.17%
EPS beat(12)6
Avg EPS beat(12)0.66%
EPS beat(16)9
Avg EPS beat(16)3.78%
Revenue beat(2)0
Avg Revenue beat(2)-10.98%
Min Revenue beat(2)-15.12%
Max Revenue beat(2)-6.84%
Revenue beat(4)1
Avg Revenue beat(4)-3.69%
Min Revenue beat(4)-15.12%
Max Revenue beat(4)19.63%
Revenue beat(8)4
Avg Revenue beat(8)1.19%
Revenue beat(12)6
Avg Revenue beat(12)1.26%
Revenue beat(16)9
Avg Revenue beat(16)3.57%
PT rev (1m)4.35%
PT rev (3m)4.35%
EPS NQ rev (1m)-10.91%
EPS NQ rev (3m)-10.91%
EPS NY rev (1m)5.01%
EPS NY rev (3m)-23.36%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.42%
Revenue NY rev (3m)3.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.07 | ||
| Fwd PE | 6.24 | ||
| P/S | 2.16 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.66 | ||
| P/tB | 0.73 | ||
| EV/EBITDA | N/A |
EPS(TTM)4.46
EY14.15%
EPS(NY)5.05
Fwd EY16.02%
FCF(TTM)-10.84
FCFYN/A
OCF(TTM)-10.36
OCFYN/A
SpS14.57
BVpS47.61
TBVpS43.22
PEG (NY)N/A
PEG (5Y)0.22
Graham Number69.12
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.09% | ||
| ROE | 9.58% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 31.31% | ||
| GM | N/A | ||
| FCFM | N/A |
ROA(3y)1.5%
ROA(5y)1.61%
ROE(3y)13.43%
ROE(5y)15.73%
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-3.71%
PM growth 5Y1.01%
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 720.79% | ||
| Cap/Sales | 3.33% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score3
WACC18.01%
ROIC/WACCN/A
Cap/Depr(3y)409.66%
Cap/Depr(5y)317.29%
Cap/Sales(3y)2.02%
Cap/Sales(5y)1.59%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-26.16%
EPS 3Y9.85%
EPS 5Y31.91%
EPS Q2Q%-17.09%
EPS Next Y-44.43%
EPS Next 2Y-10.54%
EPS Next 3Y-4.17%
EPS Next 5YN/A
Revenue 1Y (TTM)8.52%
Revenue growth 3Y15.5%
Revenue growth 5Y31.68%
Sales Q2Q%19.91%
Revenue Next Year4.27%
Revenue Next 2Y6.09%
Revenue Next 3Y6.41%
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-11.42%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-7.55%
OCF growth 3YN/A
OCF growth 5YN/A
MERCHANTS BANCORP/IN / MBIN FAQ
What is the fundamental rating for MBIN stock?
ChartMill assigns a fundamental rating of 3 / 10 to MBIN.
What is the valuation status of MERCHANTS BANCORP/IN (MBIN) stock?
ChartMill assigns a valuation rating of 5 / 10 to MERCHANTS BANCORP/IN (MBIN). This can be considered as Fairly Valued.
How profitable is MERCHANTS BANCORP/IN (MBIN) stock?
MERCHANTS BANCORP/IN (MBIN) has a profitability rating of 3 / 10.
What is the financial health of MERCHANTS BANCORP/IN (MBIN) stock?
The financial health rating of MERCHANTS BANCORP/IN (MBIN) is 1 / 10.
What is the expected EPS growth for MERCHANTS BANCORP/IN (MBIN) stock?
The Earnings per Share (EPS) of MERCHANTS BANCORP/IN (MBIN) is expected to decline by -44.43% in the next year.